26 U.S.C. § 6725 — Failure to report information under section 4101
submitted 22 years ago by Pub. L. 108-357 to r/title-26-INTERNAL-REVENUE-CODE · 124 words · no verdicts yet
A translation hasn’t been published for this section yet. The official text below is complete and authoritative.
In the case of each failure described in subsection (b) by any person with respect to a vessel or facility, such person shall pay a penalty of $10,000 in addition to the tax (if any).
For purposes of subsection (a), the failures described in this subsection are—
any failure to make a report under section 4101(d) on or before the date prescribed therefor, and
any failure to include all of the information required to be shown on such report or the inclusion of incorrect information.
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. 108–357, title VIII, § 863(d)(1), Oct. 22, 2004, 118 Stat. 1620.)
- 2004Enacted · Pub. L. 108-357 · 118 Stat. 1620
A history note hasn’t been published yet. The record shows enactment by Pub. L. 108-357 on 2004-10-22.
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