26 CFR 54.6694-3 - Penalty for understatement due to willful, reckless, or intentional conduct.

§ 54. 6694-3 Penalty for understatement due to willful, reckless, or intentional conduct.

(a)In general. A person who is a tax return preparer of any return or claim for refund of excise tax under chapter 43 of subtitle D of the Internal Revenue Code (Code) shall be subject to penalties under section 6694(b) of the Code in the manner stated in § 1. 6694-3 of this chapter.

(b)Effective/applicability date. This section is applicable to returns and claims for refund filed, and advice provided, after December 31, 2008.

[T.D. 9436, 73 FR 78458, Dec. 22, 2008]