§ 301.6723-1 Failure to comply with other information reporting requirements.Prop. § 301.6723-1 Proposed 2018 · Failure to comply with other information reporting requirements.
Amended 1989
- 1989 Pub. L. 101-239 Pub. L. 101–239 substituted “comply with other information reporting requirements” for “include correct information” in section catchline and amended text generally, substituting a single par. for former subsec. (a) stating general rule, subsec. (b) relating to penalty in case of intentional disregard, and subsec. (c) relating to coordination with former section 6676 of this title.
Cases: Goulding v. United States, 717 F. Supp. 545 (N.D. Ill. 1989)
Forms: Form 1099-INT; Form W-9; Form 1040
Final rules 1
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.