26 U.S.C. § 6682
§ 6682. False information with respect to withholding
No plain-English explainer yet. Below is the official text. Explainers are being added section by section.
History
Added in 1966 by the Public Law 89-368. Last changed August 5, 1983 by the Public Law 98-67.
Every change, newest first (6)
- August 5, 1983Public Law 98-67
- September 3, 1982Tax Equity and Fiscal Responsibility Act of 1982
- August 13, 1981Economic Recovery Tax Act of 1981
- September 2, 1974Public Law 93-406
- December 30, 1969Tax Reform Act of 1969
- March 15, 1966Public Law 89-368 · added this section
The law as written
Current through Public Law 119-102. Amendment notes omitted.
In addition to any criminal penalty provided by law, if—
any individual makes a statement under section 3402 or section 3406 which results in a decrease in the amounts deducted and withheld under chapter 24, and
as of the time such statement was made, there was no reasonable basis for such statement,
such individual shall pay a penalty of $500 for such statement.
The Secretary may waive (in whole or in part) the penalty imposed under subsection (a) if the taxes imposed with respect to the individual under subtitle A for the taxable year are equal to or less than the sum of—
the credits against such taxes allowed by part IV of subchapter A of chapter 1, and
the payments of estimated tax which are considered payments on account of such taxes.
Subchapter B of chapter 63 (relating to deficiency procedures for income, estate, gift, and certain excise taxes) shall not apply in respect to the assessment or collection of any penalty imposed by subsection (a).