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Treasury Regulations (26 C.F.R.)

26 CFR § 28.6694-4

Extension of period of collection when tax return preparer pays 15 percent of a penalty for understatement of taxpayer's liability and certain other procedural matters.

Official textecfr.govlast amended

# (a) In general.

For rules relating to the extension of the period of collection when a tax return preparer who prepared a return or claim for refund of the section 2801 tax pays 15 percent of a penalty for understatement of taxpayer's liability, and for procedural matters relating to the investigation, assessment, and collection of the penalties under section 6694(a) and (b) of the Code, the rules under § 1.6694-4 of this chapter apply.

# (b) Applicability date.

This section applies to returns and claims for refund filed, and advice provided, on or after January 14, 2025.

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In this part (25 sections)
  1. 28.2801-0 · Table of contents.
  2. 28.2801-1 · Tax on certain gifts and bequests from covered expatriates.
  3. 28.2801-2 · Definitions.
  4. 28.2801-3 · Rules and exceptions applicable to covered gifts and…
  5. 28.2801-4 · Liability for and payment of tax on covered gifts and…
  6. 28.2801-5 · Foreign trusts.
  7. 28.2801-6 · Special rules and cross-references.
  8. 28.2801-7 · Determining responsibility under section 2801.
  9. 28.6001-1 · Records required to be kept.
  10. 28.6011-1 · Returns.
  11. 28.6060-1 · Reporting requirements for tax return preparers.
  12. 28.6071-1 · Time for filing returns.
  13. 28.6081-1 · Extension of time for filing returns reporting gifts and…
  14. 28.6091-1 · Place for filing returns.
  15. 28.6101-1 · Period covered by returns.
  16. 28.6107-1 · Tax return preparer must furnish copy of return or claim…
  17. 28.6109-1 · Tax return preparers furnishing identifying numbers for…
  18. 28.6151-1 · Time and place for paying tax shown on returns.
  19. 28.6694-1 · Section 6694 penalties applicable to return preparer.
  20. 28.6694-2 · Penalties for understatement due to an unreasonable…
  21. 28.6694-3 · Penalty for understatement due to willful, reckless, or…
  22. 28.6694-4 · Extension of period of collection when tax return preparer…
  23. 28.6695-1 · Other assessable penalties with respect to the preparation…
  24. 28.6696-1 · Claims for credit or refund by tax return preparers and…
  25. 28.7701-1 · Tax return preparer.
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