# 26 U.S.C. § 6688: Assessable penalties with respect to information required to be furnished under section 7654

Source: OLRC release point 119-134 <https://uscode.house.gov/us/usc/119-134/t26/s6688>. Cite pinpoints as 26 U.S.C. § 6688(a)(1).

In addition to any criminal penalty provided by law, any person described in section 7654(a) who is required under section 937(c) or 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 $1,000 for each such failure.

## Regulations

- [Treas. Reg. § 301.6688-1](/26/reg/301.6688-1.md): Assessable penalties with respect to information required to be furnished with respect to possessions. (interprets § 6688)

## Forms named in the regulations

- [Form 8898](https://www.irs.gov/pub/irs-pdf/f8898.pdf)

## Final rules

- [73 FR 19350](https://www.federalregister.gov/documents/2008/04/09/08-1105/source-rules-involving-us-possessions-and-other-conforming-changes) (2008): Source Rules Involving U.S. Possessions and Other Conforming Changes
- [70 FR 18920](https://www.federalregister.gov/documents/2005/04/11/05-7087/residence-and-source-rules-involving-us-possessions-and-other-conforming-changes) (2005): Residence and Source Rules Involving U.S. Possessions and Other Conforming Changes

## Connections

Cites: § 937 Residence and source rules involving possessions; § 7654 Coordination of United States and certain possession individual income taxes

Cited by: none

## Amendments

- 1972-10-31: [Pub. L. 92-606](/26/act/92-606.md), 86 Stat. 1496
- 1974-09-02: [Pub. L. 93-406](/26/act/93-406.md), 88 Stat. 932
- 1976-10-04: [Pub. L. 94-455](/26/act/94-455.md), 90 Stat. 1834
- 2004-10-22: [Pub. L. 108-357](/26/act/108-357.md), 118 Stat. 1656