Title 26 — Internal Revenue CodeRelease 119-73not60

§6688 Assessable Penalties with Respect to Information Required to Be Furnished Under Section 7654

Title 26 › Subtitle Subtitle F— Procedure and Administration › Chapter 68— ADDITIONS TO THE TAX, ADDITIONAL AMOUNTS, AND ASSESSABLE PENALTIES › Subchapter B— Assessable Penalties › Part I— GENERAL PROVISIONS › § 6688

Last updated Apr 5, 2026|Official source

Summary

People described in section 7654(a) who must give information under section 937(c) or rules under section 7654 must pay $1,000 for each time they fail to file by the deadline unless they show reasonable cause and no willful neglect. The Secretary collects the penalty like a tax after giving notice, and it is in addition to any criminal penalty.

Full Legal Text

Title 26, §6688

Internal Revenue Code — Source: USLM XML via OLRC

In addition to any criminal penalty provided by law, any person described in section 7654(a) who is required under section 937(c) or by regulations prescribed under section 7654 to furnish information and who fails to comply with such requirement at the time prescribed by such regulations unless it is shown that such failure is due to reasonable cause and not to willful neglect, shall pay (upon notice and demand by the Secretary and in the same manner as tax) a penalty of $1,000 for each such failure.

Legislative History

Notes & Related Subsidiaries

Editorial Notes

Amendments

2004—Pub. L. 108–357 inserted “under section 937(c) or” before “by

Regulations

” and substituted “$1,000” for “$100”. 1976—Pub. L. 94–455 struck out “or his delegate” after “Secretary”.

Statutory Notes and Related Subsidiaries

Effective Date

of 2004 AmendmentAmendment by Pub. L. 108–357 applicable to taxable years ending after Oct. 22, 2004, see section 908(d)(1) of Pub. L. 108–357, set out as an

Effective Date

note under section 937 of this title.

Effective Date

Section applicable with respect to taxable years beginning after Dec. 31, 1972, see section 2 of Pub. L. 92–606, set out in part as a note under section 931 of this title.

Reference

Citations & Metadata

Citation

26 U.S.C. § 6688

Title 26 — Internal Revenue Code

Last Updated

Apr 5, 2026

Release point: 119-73not60