TITLE 4: ECONOMIC RESOURCES
DIVISION 1: REVENUE AND TAXATION
§ 18134. Reasonable Cause Exception. The Secretary may waive the penalties imposed under this Article with respect to any portion of an underpayment or any failure by any person if it is shown that there was a reasonable cause and not willful neglect for such portion or such failure and that the taxpayer acted in good faith with respect to such portion or failure. The Secretary may prescribe regulations to carry out the intent of this section. Source: PL 14-35, § 4 (1924).