§7271 — Title 26 Internal Revenue Code | U.S. Code

Summary

A penalty applies to certain offenses involving taxes paid by stamps. You can be penalized for failing to follow the rules on attaching and canceling stamps (unless the failure was due to reasonable cause and not willful neglect), or for making, signing, issuing, or accepting any document without the full tax being paid on it. Penalties also apply to anyone who knowingly transfers or receives a stamped container that is empty or holds something other than its original lawful contents, or who stamps, brands, or marks such a container knowing that.

Title 26, §7271

Internal Revenue Code — Source: USLM XML via OLRC

Any person who with respect to any tax payable by stamps—

(1)Fails to comply with rules or regulations prescribed pursuant to section 6804 (relating to attachment, cancellation, etc., of stamps), unless such failure is shown to be due to reasonable cause and not willful neglect; or

(2)Makes, signs, issues, or accepts, or causes to be made, signed, issued, or accepted, any instrument, document, or paper of any kind or description whatsoever without the full amount of tax thereon being duly paid; or

(3)In the case of any container which is stamped, branded, or marked (whether or not under authority of law) in such manner as to show that the provisions of the internal revenue laws with respect to the contents or intended contents thereof have been complied with, and which is empty or contains any contents other than contents therein when the container was lawfully stamped, branded, or marked—

(A)Transfers or receives (whether by sale, gift, or otherwise) such container knowing it to be empty or to contain such other contents; or

(B)Stamps, brands, or marks such container, or otherwise produces such a stamped, branded, or marked container, knowing it to be empty or to contain such other contents;

Notes & Related Subsidiaries

Editorial Notes

Amendments

1976—Pars. (2) to (4). Pub. L. 94–455 redesignated pars. (3) and (4) as (2) and (3), respectively. Former par. (2), which related to persons who manufactured or imported and sold, or offered for sale, or caused to be manufactured or imported and sold, or offered for sale, any playing card, package, or other article without the full amount of tax being paid, was struck out.

Statutory Notes and Related Subsidiaries

Effective Date

of 1976 AmendmentAmendment by Pub. L. 94–455 effective on first day of first month which begins more than 90 days after Oct. 4, 1976, see section 1906(d)(1) of Pub. L. 94–455, set out as a note under section 6013 of this title.

§7271 Penalties for Offenses Relating to Stamps