Title 26, Internal Revenue CodeRelease 119-102
§6686 Failure to File Returns or Supply Information by Disc or Former Fsc
Title 26 › Subtitle F — Procedure and Administration › CHAPTER 68 — ADDITIONS TO THE TAX, ADDITIONAL AMOUNTS, AND ASSESSABLE PENALTIES › Subchapter B — Assessable Penalties › PART I — GENERAL PROVISIONS › § 6686
Summary
People required under section 6011(c) who miss a deadline or file returns that omit required information must pay $100 for each missing-information failure (max $25,000 per calendar year) or $1,000 for each failure to file, unless due to reasonable cause. These penalties are in addition to the penalty under section 7203.
Full Legal Text
Title 26, §6686
Internal Revenue Code, Source: USLM XML via OLRC
In addition to the penalty imposed by section 7203 (relating to willful failure to file return, supply information, or pay tax) any person required to supply information or to file a return under section 6011(c) who fails to supply such information or file such return at the time prescribed by the Secretary, or who files a return which does not show the information required, shall pay a penalty of $100 for each failure to supply information (but the total amount imposed on the delinquent person for all such failures during any calendar year shall not exceed $25,000) or a penalty of $1,000 for each failure to file a return, unless it is shown that such failure is due to reasonable cause.
Legislative History
Notes & Related Subsidiaries
Editorial Notes
Amendments
2007—Pub. L. 110–172 inserted “former” before “FSC” in section catchline. 1984—Pub. L. 98–369 substituted “Failure to file returns or supply information by DISC or FSC” for “Failure of DISC to file returns” in section catchline, and in text substituted “section 6011(c)” for “section 6011(e)”. 1976—Pub. L. 94–455 struck out “or his delegate” after “Secretary”.
Statutory Notes and Related Subsidiaries
Effective Date
of 1984 AmendmentAmendment by Pub. L. 98–369 applicable to transactions after Dec. 31, 1984, in taxable years ending after such date, see section 805(a)(1) of Pub. L. 98–369, as amended, set out as a note under section 245 of this title.
Effective Date
Section applicable with respect to taxable years ending after Dec. 31, 1971, except that a corporation may not be a DISC for any taxable year beginning before Jan. 1, 1972, see section 507 of Pub. L. 92–178, set out as a note under section 991 of this title.
Reference
Citations & Metadata
Citation
26 U.S.C. § 6686
Title 26, Internal Revenue Code
Last Updated
Aug 21, 2026
Release point: 119-102