Sec. 11. Increased penalties for failure to file retirement plan returns
136 words·~1 min read·
/bill/116/hr/397/eh/section-11A research copy — for the controlling text, always check the official state or federal source. Not legal advice.
Subsection
(e)of section 6652 of the Internal Revenue Code of 1986 is amended— by striking $25 and inserting $250 ; and by striking $15,000 and inserting $150,000 . Subsection
(d)of section 6652 of the Internal Revenue Code of 1986 is amended— by striking $1 both places it appears in paragraphs
(1)and
(2)and inserting $10 ; by striking $5,000 in paragraph
(1)and inserting $50,000 ; and by striking $1,000 in paragraph
(2)and inserting $10,000 . Subsection
(h)of section 6652 of the Internal Revenue Code of 1986 is amended— by striking $10 and inserting $100 ; and by striking $5,000 and inserting $50,000 . The amendments made by this section shall apply to returns, statements, and notifications required to be filed, and notices required to be provided, after December 31, 2019.