Title 26 — Internal Revenue CodeRelease 119-73
§6690 Fraudulent Statement or Failure to Furnish Statement to Plan Participant
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 › § 6690
Summary
Anyone required to give a retirement plan participant a statement about their benefits faces a $50 penalty for each statement they willfully falsify or willfully fail to provide on time and in the required form. The penalty is collected the same way as the employer's Social Security tax.
Full Legal Text
Title 26, §6690
Internal Revenue Code — Source: USLM XML via OLRC
Any person required under section 6057(e) to furnish a statement to a participant who willfully furnishes a false or fraudulent statement, or who willfully fails to furnish a statement in the manner, at the time, and showing the information required under section 6057(e), or regulations prescribed thereunder, shall for each such act, or for each such failure, be subject to a penalty under this subchapter of $50, which shall be assessed and collected in the same manner as the tax on employers imposed by section 3111.
Legislative History
Notes & Related Subsidiaries
Statutory Notes and Related Subsidiaries
Effective Date
Section effective Sept. 2, 1974, see section 1034 of Pub. L. 93–406, set out as a note under section 6057 of this title.
Reference
Citations & Metadata
Citation
26 U.S.C. § 6690
Title 26 — Internal Revenue Code
Last Updated
Apr 6, 2026
Release point: 119-73