
From the U.S. Code Online via GPO Access
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[Laws in effect as of January 2, 2001]
[Document not affected by Public Laws enacted between
  January 2, 2001 and January 28, 2002]
[CITE: 26USC6688]

 
                     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. 6688. Assessable penalties with respect to information 
        required to be furnished under section 7654
        
    In addition to any criminal penalty provided by law, any person 
described in section 7654(a) who is required by regulations prescribed 
under section 7654 to furnish information and who fails to comply with 
such requirement at the time prescribed by such regulations unless it is 
shown that such failure is due to reasonable cause and not to willful 
neglect, shall pay (upon notice and demand by the Secretary and in the 
same manner as tax) a penalty of $100 for each such failure.

(Added Pub. L. 92-606, Sec. 1(c), Oct. 31, 1972, 86 Stat. 1496, 
Sec. 6687; renumbered Sec. 6688, Pub. L. 93-406, title II, 
Sec. 1016(b)(4), Sept. 2, 1974, 88 Stat. 932; amended Pub. L. 94-455, 
title XIX, Sec. 1906(b)(13)(A), Oct. 4, 1976, 90 Stat. 1834.)


                               Amendments

    1976--Pub. L. 94-455 struck out ``or his delegate'' after 
``Secretary''.


                             Effective Date

    Section applicable with respect to taxable years beginning after 
Dec. 31, 1972, see section 2 of Pub. L. 92-606, set out in part as a 
note under section 931 of this title.
