§ 6688. Assessable penalties with respect to information required to be furnished under section 7654

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. 1972

   Pub. L. 92–606 § 1(c) · 86 Stat. 1494

   Enacted · 26 U.S.C. § 6688

   Added Pub. L. 92–606, § 1(c), Oct. 31, 1972, 86 Stat. 1496, § 6687

   Source evidence

   Code source credit
   Added Pub. L. 92–606, § 1(c), Oct. 31, 1972, 86 Stat. 1496, § 6687

   Enacted provision · exact public law section
   (c) Civil Penalty for Failure To Furnish Information.— Subchapter 68A Stat. 828; 85 Stat. 551. 26 USC 6671. B of chapter 68 of the Internal Revenue Code of 1954 (relating to assessable penalties) is amended by adding at the end thereof the following new section: “SEC. 6687. ASSESSABLE PENALTIES WITH RESPECT TO INFORMATION REQUIRED TO BE FURNISHED UNDER SECTION 7654. “In addition to any criminal penalty provided by law, any person Ante, p. 1495. described in section 7654(a) who is required by regulations prescribed under section 7654 to furnish information and who fails to comply with such requirement at the time prescribed by such regulations unless it is shown that such failure is due to reasonable cause and not to willful neglect, shall pay (upon notice and demand by the Secretary or his delegate and in the same manner as tax) a penalty of $100 for each such failure.”

2. 1976

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

   Struck · 26 U.S.C. § 6688

   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. 2004

   Pub. L. 108–357 title VIII § 908(b) · 118 Stat. 1418

   1. Inserted · 26 U.S.C. § 6688

      Pub. L. 108–357 inserted “under section 937(c) or” before “by regulations”

   2. Substituted · 26 U.S.C. § 6688

      Pub. L. 108–357 substituted “$1,000” for “$100”

   Source evidence

   Code amendment note
   Pub. L. 108–357 inserted “under section 937(c) or” before “by regulations” and substituted “$1,000” for “$100”.

   Enacted provision · exact public law section
   (b) Penalty.— Section 6688 is amended— (1) by inserting “under section 937(c) or” before “by regulations”, and (2) by striking “$100” and inserting “$1,000”.

   Effective date note
   Amendment by Pub. L. 108–357 applicable to taxable years ending after Oct. 22, 2004, see section 908(d)(1) of Pub. L. 108–357, set out as an Effective Date note under section 937 of this title.

4 of 4 references resolved to an enrolled provision