Title 26, Internal Revenue CodeRelease 119-73
§6723 Failure to Comply with Other Information Reporting Requirements
Title 26 › Subtitle Subtitle F— Procedure and Administration › Chapter 68— ADDITIONS TO THE TAX, ADDITIONAL AMOUNTS, AND ASSESSABLE PENALTIES › Subchapter B— Assessable Penalties › Part II— FAILURE TO COMPLY WITH CERTAIN INFORMATION REPORTING REQUIREMENTS › § 6723
Summary
If you fail to meet certain information reporting requirements on time, you owe a penalty of $50 for each failure. The total penalty for all such failures in one calendar year is capped at $100,000.
Full Legal Text
Title 26, §6723
Internal Revenue Code, Source: USLM XML via OLRC
In the case of a failure by any person to comply with a specified information reporting requirement on or before the time prescribed therefor, such person shall pay a penalty of $50 for each such failure, but the total amount imposed on such person for all such failures during any calendar year shall not exceed $100,000.
Legislative History
Notes & Related Subsidiaries
Editorial Notes
Amendments
1989—Pub. L. 101–239 substituted “comply with other information reporting requirements” for “include correct information” in section catchline and amended text generally, substituting a single par. for former subsec. (a) stating general rule, subsec. (b) relating to penalty in case of intentional disregard, and subsec. (c) relating to coordination with former section 6676 of this title.
Statutory Notes and Related Subsidiaries
Effective Date
of 1989 AmendmentAmendment by Pub. L. 101–239 applicable to returns and statements the due date for which (determined without regard to extensions) is after Dec. 31, 1989, see section 7711(c) of Pub. L. 101–239, set out as a note under section 6721 of this title.
Effective Date
Section applicable to returns the due date for which (determined without regard to extensions) is after Dec. 31, 1986, see section 1501(e) of Pub. L. 99–514, set out as a note under section 6721 of this title.
Reference
Citations & Metadata
Citation
26 U.S.C. § 6723
Title 26, Internal Revenue Code
Last Updated
Apr 6, 2026
Release point: 119-73