Iowa Admin. Code r. 871-23.62

Current through Register Vol. 47, No. 10, November 13, 2024

Rule 871-23.62 - Rescission of interest and penalty

(1) Interest and penalty charges may be rescinded whenever an employer can provide documentary evidence to the satisfaction of the department that an inquiry in writing was directed to the department within 15 days following the end of the quarter for the contribution or payroll, untimely filed or paid, and such contributions are paid in full.

(2) Penalty charges only may be rescinded whenever the employer can show documentary evidence that the wages paid to employees used to determine liability to the department were reported to another state in good faith and the contributions thereon were properly paid to the state to which the wages were reported and that said employees were fully insured during the period of unreported liability to this department.

Amended by IAB October 11, 2017/Volume XL, Number 8, effective 11/15/2017