A new client of mine received a penalty under Section 6721 of the Internal Revenue Code for not submitting W-2's in 2014 (before he was my client). There is also a $155.00 discrepancy between the amount of wages paid as reported on his tax return and that on his 941's. The amount of the penalty is fairly small and he would rather pay it than try to reconstruct his payroll records (he's absolutely terrible with paperwork). My question is this: if he pays the fine, does the issue go away or will he continue to be haunted by it? Thank you.