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26 U.S.C. § 6684Assessable penalties with respect to liability for tax under chapter 42

submitted 57 years ago by Pub. L. 91-172 to r/title-26-INTERNAL-REVENUE-CODE · 81 words · no verdicts yet

in plain englishAI-generated · not legal advice

A translation hasn’t been published for this section yet. The official text below is complete and authoritative.

the actual law source: uscode.house.gov ↗public domain

If any person becomes liable for tax under any section of chapter 42 (relating to private foundations and certain other tax-exempt organizations) by reason of any act or failure to act which is not due to reasonable cause and either—

(1)

such person has theretofore been liable for tax under such chapter, or

(2)

such act or failure to act is both willful and flagrant,

then such person shall be liable for a penalty equal to the amount of such tax.

Source credit: (Added Pub. L. 91–172, title I, § 101(c), Dec. 30, 1969, 83 Stat. 519; amended Pub. L. 100–203, title X, § 10712(c)(4), Dec. 22, 1987, 101 Stat. 1330–467.)

history & why it existsrecord from the source credit
  • 1969Enacted · Pub. L. 91-172 · 83 Stat. 519
  • 1987Amended · Pub. L. 100-203 · 101 Stat. 1330

A history note hasn’t been published yet. The record shows enactment by Pub. L. 91-172 on 1969-12-30.

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