TITLE 4: ECONOMIC RESOURCES
DIVISION 1: REVENUE AND TAXATION
§ 18129. Special Rules for Accuracy Related Penalties. (a) Penalties Applicable Only Where Return Filed. The penalties provided in sections 18127 and 18128 of this Division shall apply only in cases where a return of tax is filed (other than a return prepared by the Secretary under the authority of section 1836(b) or (c) of this Division). (b) Reasonable Cause Exception. No penalty shall be imposed under sections 18127 and 18128 of this Division with respect to any portion of an underpayment if it is shown that there was a reasonable cause for such portion and that the taxpayer acted in good faith with respect to such portion. Source: PL 14-35, § 4 (1919), modified. Commission Comment: In subsections (a) and (b) above, the Commission changed the section numbers originally referenced in PL 14-35 to the proper renumbered section numbers pursuant to its authority by 1 CMC § 3806(c).