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Internal Revenue Code · 26 U.S.C.

§ 6659. Improper claim for Trump account contribution pilot program credit

In force Text current through Public Law 119-121 (October 9, 2026) release point 119-121

Official text, no changes From the Office of the Law Revision Counsel, release point 119-121 (current through Public Law 119-121 (October 9, 2026)). Compare it with the official text at uscode.house.gov (external site).

Cite as 26 U.S.C. § 6659

At a glance

Read from the text, the source credit and the official notes. Not part of the law.

Status
In force
Added
July 4, 2025 by Pub. L. 119–21
Length
2 subsections · 126 words · about 1 min to read
Defines
3 terms
Cross-references
cites 2; cited by 0 Code sections and 2 other regulations
Regulations
1 issued under this section
(a) In general In the case of any individual who makes an election under section 6434 with respect to an individual who is not an eligible child of the taxpayer—
(1) if such election was made due to negligence or disregard of the rules or regulations, there shall be imposed a penalty of $500, or
(2) if such election was made due to fraud, there shall be imposed a penalty of $1,000.
(b) Definitions
(1) Eligible child

The term “eligible child” has the meaning given such term under section 6434.

(2) Negligence; disregard

The terms “negligence” and “disregard” have the same meaning as when such terms are used in section 6662.

(Added Pub. L. 119–21, title VII, § 70204(d)(2), July 4, 2025, 139 Stat. 188.)

Terms defined here

Where the text says “the term … means”. Select a term to jump to its definition.

Regulations under this section

Treasury regulations (26 CFR) issued under § 6659

Cross-references

Computed from the citations in the text of Title 26 and 26 CFR.

This section cites 2 other sections

Cited in 2 regulations not issued under it

Amendment history

From the source credit and the official notes, newest first.

  1. Added by Pub. L. 119–21

Where it sits in the Code

  1. Subtitle F Procedure and Administration
  2. Chapter 68 ADDITIONS TO THE TAX, ADDITIONAL AMOUNTS, AND ASSESSABLE PENALTIES
  3. Subchapter A Additions to the Tax and Additional Amounts
  4. Part I GENERAL PROVISIONS

Nearby sections

Official notes

Show the Law Revision Counsel's notes (amendments, effective dates)

Editorial Notes

Prior Provisions

A prior section 6659, added Pub. L. 97–34, title VII, § 722(a)(1), Aug. 13, 1981, 95 Stat. 341; amended Pub. L. 97–448, title I, § 107(a)(1), (2), Jan. 12, 1983, 96 Stat. 2391; Pub. L. 98–369, div. A, title I, § 155(c)(1), title VII, § 721(x)(4), July 18, 1984, 98 Stat. 693, 971, related to additions to tax in case of valuation overstatements for purposes of the income tax, prior to repeal by Pub. L. 101–239, title VII, § 7721(c)(2), Dec. 19, 1989, 103 Stat. 2399.

Another prior section 6659 was renumbered section 6662 of this title.

Statutory Notes and Related Subsidiaries

Effective Date

Section applicable to taxable years beginning after Dec. 31, 2025, see section 70204(e) of Pub. L. 119–21, set out as a note under section 128 of this title.