$40 Tax Error Results In $10,000 Fine

[jeffrey]

From theledger.com

A tax error totaling less than $40 has resulted in a $10,000 fine for the Hill Public School, a one-room schoolhouse.

The IRS informed the school district of the discrepancy on June 1, 2003, and wants the fine to be paid, Rhonda Maxcy, school board secretary, said Monday.

Maxcy says an accountant is to blame for the error, which he repeated a dozen times on the school's quarterly tax returns from 2000 to 2002. The school's stated amount withheld for several federal taxes was over the limit by $3.25 each quarter, she said... Entire Story Here