Beware of IRS penalties.

They can be expensive and punitive.

In this two-page desktop reference, you will see how lawmakers punish

failure to pay,

failure to file,

fraudulent failure to file,

failure to deposit employment taxes,

failure to file information returns (e.g., 1099s) or furnish payee statements (e.g., W-2s),

lack of accuracy,

fraud,

tax evasion,

failure to collect and pay over tax,

perjury and fraud, and

improper claiming of the earned income credit.

Ensure that you are well-versed in the penalties and have them readily available for reference. Log in as a subscriber or trial subscriber and then download the PDF to your desktop by ... Log in to view full article.