§ 6686. Failure to file returns or supply information by DISC or former FSC

Legislative history

Reconstructed from this section’s Code source credit and amendment notes, resolved against the local Statutes at Large. Editorial notes are evidence, not the law that made the change.

1. 1971

   Revenue Act of 1971

   Pub. L. 92–178 title V § 504(d) · 85 Stat. 494

   Enacted · 26 U.S.C. § 6686

   Added Pub. L. 92–178, title V, § 504(d), Dec. 10, 1971, 85 Stat. 551

   Source evidence

   Code source credit
   Added Pub. L. 92–178, title V, § 504(d), Dec. 10, 1971, 85 Stat. 551

   Enacted provision · exact public law section
   (d) Failure of DISC To File Returns— Subchapter B of chapter 68 (relating to assessable penalties) is amended by adding at the 83 Stat. 524. 26 USC 6685. end thereof the following new section: “SEC. 6686. FAILURE OF DISC TO FILE RETURNS. “In addition to the penalty imposed by section 7203 (relating to willful failure to file return, supply information, or pay tax) any person required to supply information or to file a return under section 6011 (e) Ante, p, 550. who fails to supply such information or file such return at the time prescribed by the Secretary or his delegate, or who files a return which does not show the information required, shall pay a penalty of $100 for each failure to supply information (but the total amount imposed on the delinquent person for all such failures during any calendar year shall not exceed $25,000) or a penalty of $1,000 for each failure to file a return, unless it is shown that such failure is due to reasonable cause.”

2. 1976

   Pub. L. 94–455 title XIX § 1906(b)(13)(A) · 90 Stat. 1520

   Struck · 26 U.S.C. § 6686

   Pub. L. 94–455 struck out “or his delegate” after “Secretary”

   Source evidence

   Code amendment note
   Pub. L. 94–455 struck out “or his delegate” after “Secretary”.

   Enacted provision · exact public law section
   (A) The Internal Revenue Code of 1954, as amended by this Act, is amended by striking out “Secretary or his delegate” each place it appears and inserting in lieu thereof “Secretary”.

3. 1984

   Tax Reform Act of 1984

   Pub. L. 98–369 div. A title VIII § 801(d)(15)(A) · 98 Stat. 494

   1. Substituted · 26 U.S.C. § 6686

      Pub. L. 98–369 substituted “Failure to file returns or supply information by DISC or FSC” for “Failure of DISC to file returns”

   2. Substituted · 26 U.S.C. § 6686

      Pub. L. 98–369 substituted “section 6011(c)” for “section 6011(e)”

   Source evidence

   Code amendment note
   Pub. L. 98–369 substituted “Failure to file returns or supply information by DISC or FSC” for “Failure of DISC to file returns” in section catchline, and in text substituted “section 6011(c)” for “section 6011(e)”.

   Enacted provision · exact public law section
   (A) Section 6686 (relating to failure of DISC to file returns) 26 USC 6686. is amended— (i) by striking out “section 6011(e)” and inserting in lieu thereof “section 6011(c)”, and (ii) by striking out the heading thereof and inserting in lieu thereof the following: “SEC. 6686. FAILURE TO FILE RETURNS OR SUPPLY INFORMATION BY DISC OR FSC.”

   Effective date note
   Amendment by Pub. L. 98–369 applicable to transactions after Dec. 31, 1984, in taxable years ending after such date, see section 805(a)(1) of Pub. L. 98–369, as amended, set out as a note under section 245 of this title.

4. 2007

   Tax Technical Corrections Act of 2007

   Pub. L. 110–172 § 11(g)(21) · 121 Stat. 2473

   Inserted · 26 U.S.C. § 6686

   Pub. L. 110–172 inserted “former” before “FSC” in section catchline

   Source evidence

   Code amendment note
   Pub. L. 110–172 inserted “former” before “FSC” in section catchline.

   Enacted provision · exact public law section
   (21) Section 6686 is amended by inserting “FORMER” before “FSC” in the heading thereof.

5 of 5 references resolved to an enrolled provision