Section 6707a

The provisions of section 6707a d relating to authority of commissioner to rescind penalty shall apply to any penalty imposed under this section.

Section 6707a. Section 6707a imposes a penalty for failure to disclose a reportable transaction. Code unannotated title 26. There is a monetary penalty under section 6707a for the failure to include on any return or statement any information required to be disclosed under section 6011 with respect to a reportable transaction.

A summary of the total number and aggregate amount of penalties imposed and rescinded under section 6707a of the internal revenue code of 1986 and 2 a description of each penalty rescinded under section 6707 c of such code and the reasons therefor. 301 6707a 1 failure to include on any return or statement any information required to be disclosed under section 6011 with respect to a reportable transaction. 6707a b amount of penalty.

6707a u s. 1418 and was amended by section 11 a 41 of the tax technical corrections act of 2007 pub. Internal revenue code 6707a.

Which is required to file periodic reports under section 13 or 15 d. Irc 6707a imposes a monetary penalty for failure to disclose a reportable transaction as required by irc 6011 and associated regulations and or for failing to disclose in a periodic report required under section 13 or 15 d of the securities exchange act of 1934 a previously assessed penalty under irc 6707a e 2 that a taxpayer was required to pay. Penalty for failure to include reportable transaction information with return.

Section 6707a penalty for failure to include reportable transaction information with return a imposition of penalty any person who fails to include on any return or statement any information with respect to a reportable transaction which is required under section 6011 to be included with such return or statement shall pay a penalty in the amount determined under subsection b.