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Post-Filing Issues To be sure that all taxpayers pay their fair share of taxes, the lawprovides penalties if you do not file returns or pay taxes as required. Criminal penaltiesmay be imposed for willful failure to file, tax evasion, or making a false statement. These penalties will not apply if you can show that the failureswere due to reasonable cause and not willful neglect. Hoteles de lujo Cebu CityFailureto file tax returns Failureto withhold, deposit, or pay taxes Failureto follow information reporting requirements Failureto file information returns luxury hotels in GroningenFailureto furnish correct payee statements
Important References Publication 583 Starting a Business andKeeping Records |