|
|
 | | | |
- close
- close
- close
- close
| |||||||||
This excerpt taken from the XIDE 8-K filed Aug 31, 2007. Penalties
(1) Penalty for Failure to Furnish Taxpayer
Identification Number. If you fail to furnish your taxpayer
identification number to a payer, you are subject to a penalty
of $50 for each such failure unless your failure is due to
reasonable cause and not to willful neglect.
(2) Civil Penalty for False Statements With Respect to
Withholding. If you make a false statement with no
reasonable basis which results in no imposition of backup
withholding, you are subject to a penalty of $500.
(3) Criminal Penalty for Falsifying
Information. If you willfully falsify
certifications or affirmations, you are subject to criminal
penalties including fines
and/or
imprisonment.
FOR ADDITIONAL INFORMATION CONTACT YOUR TAX CONSULTANT OR THE
INTERNAL REVENUE SERVICE.
* Unless otherwise noted herein, all references below to
section numbers or to regulations are references to the Internal
Revenue Code of 1986, as amended and the regulations promulgated
thereunder.
|