Current through Pub. L. 119-100Open in workspace

§ 6723 Failure to comply with other information reporting requirements

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.

(Added Pub. L. 99–514, title XV, § 1501(a), Oct. 22, 1986, 100 Stat. 2733; amended Pub. L. 101–239, title VII, § 7711(a), Dec. 19, 1989, 103 Stat. 2390.)

Operative text only. Editorial notes, amendment history, and effective dates: official OLRC text of § 6723

Source: decipher.legal/usc/26/6723 · Internal Revenue Code, current through Pub. L. 119-100 (OLRC XML of 2026-04-17)