penalty


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Related to penalty: death penalty

pay the penalty

To experience the consequences of one's actions or misdeeds. If you get caught cheating on your exam, you'll have to pay the penalty—which could include expulsion. I sure paid the penalty for staying up late when I fell asleep at my desk in the library.
See also: pay, penalty

pay the penalty for (something)

Literally, to pay money for something that incurs a cost. You're going to have to pay the penalty for the vase that your son broke. We didn't have to pay the penalty for the water we used at our previous residence, so we were shocked when our first water bill came in the mail after moving to this country.
See also: pay, penalty

penalty box

In ice hockey, the area that a penalized player must stay in for the duration of the penalty. How are we going to tie this game with our best player in the penalty box?
See also: box, penalty

pay the penalty

 
1. Lit. to pay a fine for doing something wrong. You ran the red light and now you will have to pay the penalty.
2. Fig. to suffer the consequences for doing something wrong. My head really hurts. I am paying the penalty for getting drunk last night.
See also: pay, penalty

pay the ˈprice/ˈpenalty (for something/for doing something)

suffer as a result of bad luck, a mistake or something you have done: They’ve made a lot of mistakes in the past and now they’re paying the price. ♢ I’m really paying the penalty for all those late nights. I feel terrible today.
See also: pay, penalty, price
References in periodicals archive ?
penalty, as Republican lawmakers have emerged as leading champions of
bills to end the death penalty. In fact, the history of the Republican
efforts to end the death penalty by Republican lawmakers whose
failure of death penalty policy to live up to key conservative
automatically support the death penalty. As one GOP lawmaker put it, it
worked to end the death penalty. (9) Examining the role of Republicans
and conservatives in efforts to end the death penalty helps us
understand how, at least in some places, debates over the death penalty
movement to end the death penalty in light of the current challenges it
THE REPUBLICAN PARTY, CONSERVATIVES, AND THE FUTURE OF CAPITAL PUNISHMENT
* The IRS cannot impose the accuracy-related penalty when a return position is properly disclosed, assuming that the return position had a reasonable basis (i.e., at least an approximately 20% chance of success if challenged by the IRS).
* Common reasonable-cause defenses for the accuracy-related penalty discussed in IRM Section 20.1.5 include reliance on an incorrect information statement that the taxpayer did not know or had no reason to have known was incorrect (Forms W-2 or 1099, Schedules K-l, etc.), reliance on a competent tax adviser, and an isolated computational error.
It is increasingly common for penalty cases to be resolved through this channel.
The AICPA Tax Section offers many resources to help practitioners obtain a penalty abatement:
* IRS First-Time Penalty Abatement page (tinyurl.com/jyurzry): Contains guidance on first-time penalty abatement qualifications and tips on how to effectively request an abatement using the waiver.
* IRS penalty abatement request letter (tinyurl.com/hpjcfel, AICPA Tax Section member login required): Use the letter to compose a written request for penalty abatement based on the first-time penalty abatement criteria.
Abating IRS penalties: ways to reduce or even eliminate common assessments
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