26-U.S.C.-6725
§6725 – Failure to Report Information Under Section 4101
Pathway
Title 26 > Subtitle F > Chapter 68 > Subchapter B > Part II > Section 6725
Details
- Reference: Section 6725
- Legend: §6725 – Failure to Report Information Under Section 4101
- USCode Year: 2013
Provision Content
(a) In general
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).
(b) Failures subject to penalty
For purposes of subsection (a), the failures described in this subsection are—
(1) any failure to make a report under section 4101(d) on or before the date prescribed therefor, and
(2) any failure to include all of the information required to be shown on such report or the inclusion of incorrect information.
(c) Reasonable cause exception
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.
(Added Pub. L. 108–357, title VIII, §863(d)(1), Oct. 22, 2004, 118 Stat. 1620.)
Effective Date
Section applicable to penalties imposed after Dec. 31, 2004, see section 863(e) of Pub. L. 108–357, set out as a note under section 6719 of this title.
U.S. Encyclopedia of Law Coverage
26-U.S.C.-6720B in the Legal Encyclopedia: Tax Administration
In this entry about 26-U.S.C.-6720B, find legal reference material, bibliographies and premiere content related to tax administration in the American Encyclopedia of Law, presenting a comprehensive view of the United States tax administration-specific issues, written by authorities in the field.
26-U.S.C.-6720B in the Legal Encyclopedia: Tax Procedure
In this entry about 26-U.S.C.-6720B, find legal reference material, bibliographies and premiere content related to tax procedure in the American Encyclopedia of Law, presenting a comprehensive view of the United States tax procedure-specific issues, written by authorities in the field.
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