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26 U.S.C. § 6723

Failure to comply with other information reporting requirements

United States · Title 26 — INTERNAL REVENUE CODE · Status: effective

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26 U.S.C. § 6723, Failure to comply with other information reporting requirements, United States, version 1 as recorded 2026-07-09, yourstate.us, https://yourstate.us/provision/464303
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Full text

In the case of a failure by any person to comply with a specified information reporting requirement on or before the time prescribed therefor, such person shall pay a penalty of $50 for each such failure, but the total amount imposed on such person for all such failures during any calendar year shall not exceed $100,000.

Legislative history

The public laws that enacted or amended this section. Tallies are for the whole bill as it passed each chamber — often an omnibus covering far more than this provision — not a vote on this section alone.

  • Enacted byPub. L. 99-514(H.R. 3838)1986-10-22
    Tax Reform Act of 1986
    House: no recorded tallySenate: no recorded tally
  • Amended byPub. L. 101-239(H.R. 3299)1989-12-19
    Omnibus Budget Reconciliation Act of 1989
    House: no recorded tallySenate: 87–7