In addition to any criminal penalty provided by law, any person described in section 7654(a) who is required under section 937(c) or by regulations prescribed under section 7654 to furnish information and who fails to comply with such requirement at the time prescribed by such regulations unless it is shown that such failure is due to reasonable cause and not to willful neglect, shall pay (upon notice and demand by the Secretary and in the same manner as tax) a penalty of $1,000 for each such failure.
Pub. L. 92–606, § 1(c)86 Stat. 1496Pub. L. 93–406, title II, § 1016(b)(4)88 Stat. 932Pub. L. 94–455, title XIX, § 1906(b)(13)(A)90 Stat. 1834Pub. L. 108–357, title VIII, § 908(b)118 Stat. 1656(Added , , , § 6687; renumbered § 6688, , , ; amended , , ; , , .)
Editorial Notes
Amendments
Pub. L. 108–3572004— inserted “under section 937(c) or” before “by regulations” and substituted “$1,000” for “$100”.
Pub. L. 94–4551976— struck out “or his delegate” after “Secretary”.
Statutory Notes and Related Subsidiaries
Effective Date of 2004 Amendment
Pub. L. 108–357section 908(d)(1) of Pub. L. 108–357section 937 of this titleAmendment by applicable to taxable years ending after , see , set out as an Effective Date note under .
Effective Date
section 2 of Pub. L. 92–606section 931 of this titleSection applicable with respect to taxable years beginning after , see , set out in part as a note under .