26 U.S.C. § 6674 — Fraudulent statement or failure to furnish statement to employee
submitted 72 years ago by ch. 736 to r/title-26-INTERNAL-REVENUE-CODE · 98 words · no verdicts yet
A person who must give an employee a tax statement and willfully gives a false statement or fails to give the required statement owes a $50 penalty for each failure. This penalty is added to the criminal penalty in section 7204 and is collected like the employer tax under section 3111.
In addition to the criminal penalty under section 7204, a person required by section 6051 or 6053(b) to give an employee* a statement is subject to a $50 penalty for each failure if the person willfully gives a false or fraudulent statement, or willfully fails to give a statement in the required way, at the required time, and with the required information under those sections or their regulations. The penalty is assessed and collected in the same way as the employer tax under section 3111.
In addition to the criminal penalty provided by section 7204, any person required under the provisions of section 6051 or 6053(b) to furnish a statement to an employee* who willfully furnishes a false or fraudulent statement, or who willfully fails to furnish a statement in the manner, at the time, and showing the information required under section 6051 or 6053(b), or regulations prescribed thereunder, shall for each such failure be subject to a penalty under this subchapter of $50, which shall be assessed and collected in the same manner as the tax on employers imposed by section 3111.
Source credit: (Aug. 16, 1954, ch. 736, 68A Stat. 828; Pub. L. 89–97, title III, § 313(e)(2)(C), July 30, 1965, 79 Stat. 385.)
- 1954Enacted · Act of Aug. 16, 1954, ch. 736
- 1965Amended · Pub. L. 89-97 · 79 Stat. 385
A history note hasn’t been published yet. The record shows enactment by ch. 736 on 1954-08-16.
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