Internal Revenue Code · 26 U.S.C.
§ 6723. Failure to comply with other information reporting requirements
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. § 6723
At a glance
Read from the text, the source credit and the official notes. Not part of the law.
- Status
- In force
- Added
- October 22, 1986 by Pub. L. 99–514
- Last amended
- December 19, 1989 by Pub. L. 101–239
- Amendments
- 1 dated changes in the source credit
- Length
- 83 words · about 1 min to read
- Cross-references
- cites 0; cited by 0 Code sections and 10 other regulations
- Regulations
- 1 issued under this section
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.
(Added Pub. L. 99–514, title XV, § 1501(a), Oct. 22, 1986, 100 Stat. 2733; amended Pub. L. 101–239, title VII, § 7711(a), Dec. 19, 1989, 103 Stat. 2390.)
Regulations under this section
Treasury regulations (26 CFR) issued under § 6723
Cross-references
Computed from the citations in the text of Title 26 and 26 CFR.
Cited in 10 regulations not issued under it
- § 1.529A-5 Reporting of the establishment of and contributions to an ABLE account.
- § 1.529A-6 Reporting of distributions from and termination of an ABLE account.
- § 1.6045-4 Information reporting on real estate transactions.
- § 1.6045-5 Information reporting on payments to attorneys.
- § 1.6050H-2 Time, form, and manner of reporting interest received on qualified mortgage.
- § 1.6050S-1 Information reporting for qualified tuition and related expenses.
- § 1.6050S-3 Information reporting for payments of interest on qualified education loans.
- § 1.6050X-1 Information reporting for fines, penalties, and other amounts by governments, governmental entities, and nongovernmental entities treated as governmental entities.
- § 31.3511-1 Certified professional employer organization.
- § 301.6724-1 Reasonable cause.
Amendment history
From the source credit and the official notes, newest first.
- Amended by Pub. L. 101–239
- Added by Pub. L. 99–514
Where it sits in the Code
- Subtitle F Procedure and Administration
- Chapter 68 ADDITIONS TO THE TAX, ADDITIONAL AMOUNTS, AND ASSESSABLE PENALTIES
- Subchapter B Assessable Penalties
- Part II FAILURE TO COMPLY WITH CERTAIN INFORMATION REPORTING REQUIREMENTS
Nearby sections
- § 6721 Failure to file correct information returns
- § 6722 Failure to furnish correct payee statements
- § 6723 Failure to comply with other information reporting requirements
- § 6724 Waiver; definitions and special rules
- § 6725 Failure to report information under section 4101
- § 6726 Failure to comply with information reporting requirements relating to qualified opportunity funds and qualified rural opportunity funds
Official notes
Show the Law Revision Counsel's notes (amendments, effective dates)
Editorial Notes
Amendments
1989—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.
Statutory Notes and Related Subsidiaries
Effective Date of 1989 Amendment
Amendment by Pub. L. 101–239 applicable to returns and statements the due date for which (determined without regard to extensions) is after Dec. 31, 1989, see section 7711(c) of Pub. L. 101–239, set out as a note under section 6721 of this title.
Effective Date
Section applicable to returns the due date for which (determined without regard to extensions) is after Dec. 31, 1986, see section 1501(e) of Pub. L. 99–514, set out as a note under section 6721 of this title.