# 26 U.S.C. § 6723: Failure to comply with other information reporting requirements

Source: OLRC release point 119-134 <https://uscode.house.gov/us/usc/119-134/t26/s6723>. Cite pinpoints as 26 U.S.C. § 6723(a)(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.

## Regulations

- [Treas. Reg. § 301.6723-1](/26/reg/301.6723-1.md): Failure to comply with other information reporting requirements. (interprets § 6723)

## Forms named in the regulations

- [Form 1099-INT](https://www.irs.gov/pub/irs-pdf/f1099int.pdf)
- [Form W-9](https://www.irs.gov/pub/irs-pdf/fw9.pdf)
- [Form 1040](https://www.irs.gov/pub/irs-pdf/f1040.pdf)

## Final rules

- [84 FR 9231](https://www.federalregister.gov/documents/2019/03/14/2019-03474/eliminating-unnecessary-tax-regulations) (2019): Eliminating Unnecessary Tax Regulations

## Leading cases

- [Goulding v. United States, 717 F. Supp. 545 (N.D. Ill. 1989)](https://www.courtlistener.com/opinion/1584493/goulding-v-united-states/)

## Proposed regulations (not in force)

- [Prop. Treas. Reg. § 301.6723-1](/26/prop/301.6723-1_2018-22393.md): Failure to comply with other information reporting requirements. (REG-118826-16, proposed 2018-10-17)

## Amendments

- 1986-10-22: [Pub. L. 99-514](/26/act/99-514.md), 100 Stat. 2733
- 1989-12-19: [Pub. L. 101-239](/26/act/101-239.md), 103 Stat. 2390