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Originally Posted by Slingin Sammy 33
If you've got a section or page that would be great, the link is taking forever to open. But everything I've seen states that the IRS will collect the $ 750 penalty.
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The link is to a specific section/sub-paragraph of the bill and the whole page takes time to load. Here is the actual text I am referring to:
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(g) Administration and Procedure- CommentsClose CommentsPermalink
‘(1) IN GENERAL- The penalty provided by this section shall be paid upon notice and demand by the Secretary, and except as provided in paragraph (2), shall be assessed and collected in the same manner as an assessable penalty under subchapter B of chapter 68.
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