Internal Revenue Code (Title 26 U.S.C.)
26 U.S.C. § 6718
Failure to display tax registration on vessels
# (a)
Failure to display registration Every operator of a vessel who fails to display proof of registration pursuant to section 4101(a)(3) shall pay a penalty of $500 for each such failure. With respect to any vessel, only one penalty shall be imposed by this section during any calendar month.
# (b)
Multiple violations In determining the penalty under subsection (a) on any person, subsection (a) shall be applied by increasing the amount in subsection (a) by the product of such amount and the aggregate number of penalties (if any) imposed with respect to prior months by this section on such person (or a related person or any predecessor of such person or related person).
# (c)
Reasonable cause exception No penalty shall be imposed under this section with respect to any failure if it is shown that such failure is due to reasonable cause.
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Nearby sections (25 sections)
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- 6716 · [§6716. Repealed. Pub. L. 111–312, title III, §301(a), Dec. 17,…
- 6717 · Refusal of entry
- 6718 · Failure to display tax registration on vessels
- 6719 · Failure to register or reregister
- 6720 · Fraudulent acknowledgments with respect to donations of motor…
- 6720A · Penalty with respect to certain adulterated fuels
- 6720B · Fraudulent identification of exempt use property
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- 6721 · Failure to file correct information returns
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- 6751 · Procedural requirements
- 6801 · Authority for establishment, alteration, and distribution