Internal Revenue Code (Title 26 U.S.C.)
26 U.S.C. § 6725
Failure to report information under section 4101
Official textgovinfo.govlast amended
# (a) In general
In the case of each failure described in subsection (b) by any person with respect to a vessel or facility, such person shall pay a penalty of $10,000 in addition to the tax (if any).
# (b) Failures subject to penalty
For purposes of subsection (a), the failures described in this subsection are— (1) any failure to make a report under section 4101(d) on or before the date prescribed therefor, and (2) any failure to include all of the information required to be shown on such report or the inclusion of incorrect information.
# (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)
- 6716 · [§6716. Repealed. Pub. L. 111–312, title III, §301(a), Dec. 17,…
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- 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
- 6722 · Failure to furnish correct payee statements
- 6723 · Failure to comply with other information reporting requirements
- 6724 · Waiver; definitions and special rules
- 6725 · Failure to report information under section 4101
- 6751 · Procedural requirements
- 6801 · Authority for establishment, alteration, and distribution
- 6802 · Supply and distribution
- 6803 · Accounting and safeguarding
- 6804 · Attachment and cancellation
- 6805 · Redemption of stamps
- 6806 · Occupational tax stamps
- 6807 · Stamping, marking, and branding seized goods
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