§ 301.6657-1 Bad checks.
Amended 1976, 1988, 2007, 2010
- 2010 Pub. L. 111-198 Pub. L. 111–198, § 3(a)(2), substituted “such instrument” for “such check” wherever appearing.
- 2010 Pub. L. 111-198 Pub. L. 111–198, § 3(a)(1), substituted “If any instrument in payment, by any commercially acceptable means, of any amount” for “If any check or money order in payment of any amount”.
- 2007 Pub. L. 110-28 Pub. L. 110–28 substituted “$1,250” for “$750” and “$25” for “$15”.
- 1988 Pub. L. 100-647 Pub. L. 100–647 substituted “2” for “1”, “$750” for “$500”, and “$15” for “$5”.
- 1976 Pub. L. 94-455 Pub. L. 94–455 struck out “or his delegate” after “Secretary”.
If any instrument in payment, by any commercially acceptable means, of any amount receivable under this title is not duly paid, in addition to any other penalties provided by law, there shall be paid as a penalty by the person who tendered such instrument, upon notice and demand by the Secretary, in the same manner as tax, an amount equal to 2 percent of the amount of such instrument, except that if the amount of such instrument is less than $1,250, the penalty under this section shall be $25 or the amount of such instrument, whichever is the lesser. This section shall not apply if the person tendered such instrument in good faith and with reasonable cause to believe that it would be duly paid.