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Title 26, Internal Revenue CodeRelease 119-110

§6725 Failure to Report Information Under Section 4101

Title 26 › 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 › § 6725

Last updated Sep 22, 2026|Official source

Summary

Anyone who fails in the ways below for a vessel or facility must pay a $10,000 penalty, plus any tax owed. The failures are not filing the report required under section 4101(d) on time, or leaving out required details or giving wrong information on that report. No penalty applies if the person proves the failure was due to reasonable cause.

Full Legal Text

Title 26, §6725

Internal Revenue Code, Source: USLM XML via OLRC

(a)In general
In the case of each failure described in subsection (b) by any person with respect to a vessel or facility, such person shall pay a penalty of $10,000 in addition to the tax (if any).
(b)Failures subject to penalty
For purposes of subsection (a), the failures described in this subsection are—
(1)any failure to make a report under section 4101(d) on or before the date prescribed therefor, and
(2)any failure to include all of the information required to be shown on such report or the inclusion of incorrect information.
(c)Reasonable cause exception
No penalty shall be imposed under this section with respect to any failure if it is shown that such failure is due to reasonable cause.

Legislative History

Notes & Related Subsidiaries

Statutory Notes and Related Subsidiaries

Effective Date

Section applicable to penalties imposed after Dec. 31, 2004, see section 863(e) of Pub. L. 108–357, set out as a note under section 6719 of this title.

Reference

Citations & Metadata

Citation

26 U.S.C. § 6725

Title 26, Internal Revenue Code

Last Updated

Sep 22, 2026

Release point: 119-110