26 U.S.C. § 6708 — Failure to maintain lists of advisees with respect to reportable transactions
submitted 42 years ago by Pub. L. 98-369 to r/title-26-INTERNAL-REVENUE-CODE · 117 words · no verdicts yet
A translation hasn’t been published for this section yet. The official text below is complete and authoritative.
If any person who is required to maintain a list under section 6112(a) fails to make such list available upon written request to the Secretary* in accordance with section 6112(b) within 20 business days after the date of such request, such person shall pay a penalty of $10,000 for each day of such failure after such 20th day.
No penalty shall be imposed by paragraph (1) with respect to the failure on any day if such failure is due to reasonable cause.
The penalty imposed by this section shall be in addition to any other penalty provided by law.
Source credit: (Added Pub. L. 98–369, div. A, title I, § 142(b), July 18, 1984, 98 Stat. 682; amended Pub. L. 99–514, title XV, § 1534(a), Oct. 22, 1986, 100 Stat. 2750; Pub. L. 108–357, title VIII, §§ 815(b)(5)(A), 817(a), Oct. 22, 2004, 118 Stat. 1583, 1584.)
- 1984Enacted · Pub. L. 98-369 · 98 Stat. 682
- 1986Amended · Pub. L. 99-514 · 100 Stat. 2750
- 2004Amended · Pub. L. 108-357 · 118 Stat. 1583, 1584
A history note hasn’t been published yet. The record shows enactment by Pub. L. 98-369 on 1984-07-18.
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