26 U.S.C. § 6714 — Failure to meet disclosure requirements applicable to quid pro quo contributions
submitted 33 years ago by Pub. L. 103-66 to r/title-26-INTERNAL-REVENUE-CODE · 98 words · no verdicts yet
This section imposes a penalty when an organization fails to disclose required information about a quid pro quo contribution. It caps the penalty for one event or mailing and excuses failures caused by reasonable cause.
(a) Penalty. An organization that fails to meet section 6115's disclosure requirement for a quid pro quo contribution must pay $10 for each contribution lacking the disclosure, but no more than $5,000 for a particular fundraising event or mailing. (b) Reasonable cause. No penalty applies if the failure is shown to be due to reasonable cause.
If an organization fails to meet the disclosure requirement of section 6115 with respect to a quid pro quo contribution, such organization shall pay a penalty of $10 for each contribution in respect of which the organization fails to make the required disclosure, except that the total penalty imposed by this subsection with respect to a particular fundraising event or mailing shall not exceed $5,000.
No penalty shall be imposed under this section with respect to any failure if it is shown that such failure is due to reasonable cause.
Source credit: (Added Pub. L. 103–66, title XIII, § 13173(b), Aug. 10, 1993, 107 Stat. 456.)
- 1993Enacted · Pub. L. 103-66 · 107 Stat. 456
A history note hasn’t been published yet. The record shows enactment by Pub. L. 103-66 on 1993-08-10.
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