Title 26 › Subtitle Subtitle F— - Procedure and Administration › Chapter CHAPTER 68— - ADDITIONS TO THE TAX, ADDITIONAL AMOUNTS, AND ASSESSABLE PENALTIES › Subchapter Subchapter B— - Assessable Penalties › Part PART I— - GENERAL PROVISIONS › § 6718
Operators who don’t display a vessel’s registration must pay $500. Only one penalty may be charged for any vessel in a calendar month. The penalty goes up by $500 for each prior month a penalty was imposed on that person, a related person, or a previous owner. No penalty applies if the failure was for reasonable cause.
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Internal Revenue Code — Source: USLM XML via OLRC
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Citation
26 U.S.C. § 6718
Title 26 — Internal Revenue Code
Last Updated
Apr 6, 2026
Release point: 119-73