26 U.S. Code § 6686 - Failure to file returns or supply information by DISC or former FSC

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 (c) who fails to supply such information or file such return at the time prescribed by the Secretary, 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.

Source

(Added Pub. L. 92–178, title V, § 504(d),Dec. 10, 1971, 85 Stat. 551; amended Pub. L. 94–455, title XIX, § 1906(b)(13)(A),Oct. 4, 1976, 90 Stat. 1834; Pub. L. 98–369, div. A, title VIII, § 801(d)(15)(A),July 18, 1984, 98 Stat. 997; Pub. L. 110–172, § 11(g)(21),Dec. 29, 2007, 121 Stat. 2491.)
Amendments

2007—Pub. L. 110–172inserted “former” before “FSC” in section catchline.
1984—Pub. L. 98–369substituted “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)”.
1976—Pub. L. 94–455struck out “or his delegate” after “Secretary”.
Effective Date of 1984 Amendment

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

Section applicable with respect to taxable years ending after Dec. 31, 1971, except that a corporation may not be a DISC for any taxable year beginning before Jan. 1, 1972, see section 507 ofPub. L. 92–178, set out as a note under section 991 of this title.

The table below lists the classification updates, since Jan. 3, 2012, for this section. Updates to a broader range of sections may be found at the update page for containing chapter, title, etc.

The most recent Classification Table update that we have noticed was Tuesday, August 13, 2013

An empty table indicates that we see no relevant changes listed in the classification tables. If you suspect that our system may be missing something, please double-check with the Office of the Law Revision Counsel.

26 USCDescription of ChangeSession YearPublic LawStatutes at Large

 

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