Transcription of Reasonable Cause Regulations & Requirements for Missing ...
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Reasonable Cause Regulations & Requirements for Missing and Incorrect Name/TINs (including instructions for reading CD/DVDs)iTable of ContentsI. INTRODUCTION ..1 Purpose ..1 Applicable Regulations ..1 What s New? ..1II. PENALTY FOR Missing TINS AND INCORRECT NAME/TIN COMBINATIONS ..1 III. Reasonable Cause ..2IV. NOTICE 972CG, NOTICE OF PROPOSED CIVIL PENALTY ..2 Proposed Penalty Notice ..2 Contents of Notice 972CG include: ..3 How to Answer Notice 972CG ..3V. MANNER OF TIN SOLICITATIONS ..4 Annual Solicitations by Mail ..4 Annual Solicitations by Telephone ..4 Electronic Solicitations ..5VI. ACTIONS FOR Missing TINS AND INCORRECT NAME/TIN COMBINATIONS ..6 initial and Annual Solicitations General Rules ..6 Missing TINs ..7 Incorrect TINs ..7 Exceptions to the Requirement for Two Annual Solicitations ..9 Comparison of IRS Payee Listing to Your Records ..9 VII. FORM W-2 SSN SOLICITATIONS ..10 VIII. INFORMATION RETURN PENALY RATES.
includes making an initial solicitation (request) for the payee's name and TIN and, if required, annual solicitations. Mitigating factors or events beyond the filer's control alone are not sufficient to establish reasonable cause.
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