Sec. 205. Penalty for failure to file correct information returns
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Section 6721 of the Internal Revenue Code of 1986 ( 26 U.S.C. 6721 ) is amended by adding at the end the following: The Secretary shall assess the maximum allowable penalties on 100 percent of the employers designated in any tax year by the Social Security Administration as the most egregious noncompliant employers. Notwithstanding any other provision in this section, in the case of a failure described in subsection (a)(2) with respect to any person employing an alien not authorized to be so employed, the penalty under this section shall be determined in accordance with the following table:
In the case of— Not less than— Not more than— The first offense $2,500 $5,000 The second offense $7,500 $10,000 The third offense $25,000 $40,000. . The amendment made by subsection
(a)shall apply to with respect to information returns required to be filed for years beginning after December 31, 2012.
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Sec. 205
Penalty for failure to file correct information returns
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