
From the U.S. Code Online via GPO Access
[wais.access.gpo.gov]
[Laws in effect as of January 2, 2001]
[Document not affected by Public Laws enacted between
  January 2, 2001 and January 28, 2002]
[CITE: 26USC6684]

 
                     TITLE 26--INTERNAL REVENUE CODE
 
                Subtitle F--Procedure and Administration
 
  CHAPTER 68--ADDITIONS TO THE TAX, ADDITIONAL AMOUNTS, AND ASSESSABLE 
                                PENALTIES
 
                   Subchapter B--Assessable Penalties
 
                       PART I--GENERAL PROVISIONS
 
Sec. 6684. Assessable penalties with respect to liability for 
        tax under chapter 42
        
    If any person becomes liable for tax under any section of chapter 42 
(relating to private foundations and certain other tax-exempt 
organizations) by reason of any act or failure to act which is not due 
to reasonable cause and either--
        (1) such person has theretofore been liable for tax under such 
    chapter, or
        (2) such act or failure to act is both willful and flagrant,

then such person shall be liable for a penalty equal to the amount of 
such tax.

(Added Pub. L. 91-172, title I, Sec. 101(c), Dec. 30, 1969, 83 Stat. 
519; amended Pub. L. 100-203, title X, Sec. 10712(c)(4), Dec. 22, 1987, 
101 Stat. 1330-467.)


                               Amendments

    1987--Pub. L. 100-203 inserted ``and certain other tax-exempt 
organizations'' after ``private foundations'' in parenthetical.


                    Effective Date of 1987 Amendment

    Amendment by Pub. L. 100-203 applicable to taxable years beginning 
after Dec. 22, 1987, see section 10712(d) of Pub. L. 100-203, set out as 
an Effective Date note under section 4955 of this title.


                             Effective Date

    Section effective Jan. 1, 1970, see section 101(k)(1) of Pub. L. 91-
172, set out as a note under section 4940 of this title.

                  Section Referred to in Other Sections

    This section is referred to in section 4948 of this title.
