Failure to Furnish a Correct TIN to a Requester (Payer)can

question 47

Multiple Choice

Failure to furnish a correct TIN to a requester (payer) can result in a penalty to the payee of:

• A)$0,it is the responsibility of the payer (requester)to have the correct information.
• B)$50 for each failure to complete the W-9.
• C)$500 maximum for failure to complete any W-9 forms as required.
• D)$0,but the taxpayer can be subject to fines and/or imprisonment if caught by an IRS agent.

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Definitions:

Campaign Involvement

Participation or engagement in a coordinated effort to achieve a specific goal, often related to political, social, or marketing campaigns.

Political Campaign Activity

Efforts and actions undertaken to support or oppose political candidates, parties, or issues, often during the lead-up to an election.

Nonpartisan Candidate Debate

A public forum or discussion where political candidates present their views and policies without aligning with or showing bias toward any political party.

Political Action Committee

An organization that collects political donations and spends those funds to influence election outcomes or legislation.