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Failure to Furnish a Correct TIN to a Requester (Payer)can

Question 47

Multiple Choice

Failure to furnish a correct TIN to a requester (payer) can result in a penalty to the payee of:


A) $0,it is the responsibility of the payer (requester) to have the correct information.
B) $50 for each failure to complete the W-9.
C) $500 maximum for failure to complete any W-9 forms as required.
D) $0,but the taxpayer can be subject to fines and/or imprisonment if caught by an IRS agent.

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