Source: https://uscode.house.gov/view.xhtml?req=granuleid:USC-prelim-title26-section6688&num=0&edition=prelim
Timestamp: 2020-01-24 16:59:36
Document Index: 26907404

Matched Legal Cases: ['§ 6688', '§6688', '§1', '§6687', '§6688', '§1016', '§1906', '§908']

[USC02] 26 USC 6688: Assessable penalties with respect to information required to be furnished under section 7654
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26 USC 6688: Assessable penalties with respect to information required to be furnished under section 7654 Text contains those laws in effect on January 23, 2020
§6688. Assessable penalties with respect to information required to be furnished under section 7654
In addition to any criminal penalty provided by law, any person described in section 7654(a) who is required under section 937(c) or by regulations prescribed under section 7654 to furnish information and who fails to comply with such requirement at the time prescribed by such regulations unless it is shown that such failure is due to reasonable cause and not to willful neglect, shall pay (upon notice and demand by the Secretary and in the same manner as tax) a penalty of $1,000 for each such failure.
(Added Pub. L. 92–606, §1(c), Oct. 31, 1972, 86 Stat. 1496 , §6687; renumbered §6688, Pub. L. 93–406, title II, §1016(b)(4), Sept. 2, 1974, 88 Stat. 932 ; amended Pub. L. 94–455, title XIX, §1906(b)(13)(A), Oct. 4, 1976, 90 Stat. 1834 ; Pub. L. 108–357, title VIII, §908(b), Oct. 22, 2004, 118 Stat. 1656 .)
2004-Pub. L. 108–357 inserted "under section 937(c) or" before "by regulations" and substituted "$1,000" for "$100".
Section applicable with respect to taxable years beginning after Dec. 31, 1972, see section 2 of Pub. L. 92–606, set out in part as a note under section 931 of this title.