Sec. 501. INCREASE IN PENALTY ON PAID PREPARERS WHO FAIL TO COMPLY WITH EARNED INCOME TAX CREDIT DUE DILIGENCE REQUIREMENTS

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## SEC. 501 INCREASE IN PENALTY ON PAID PREPARERS WHO FAIL TO COMPLY WITH EARNED INCOME TAX CREDIT DUE DILIGENCE REQUIREMENTS ###

(a)In General **[**[26 U.S.C. 6695](/us/usc/t26/s6695)**]** Section 6695(g) of the Internal Revenue Code of 1986 is amended by striking “$100” and inserting “$500”. ###

(b)Effective Date The amendment made by this section shall apply to documents prepared after December 31, 2011.

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U.S. Code

Other assessable penalties with respect to the preparation of tax returns for other persons
§ 6695

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Sec. 501

INCREASE IN PENALTY ON PAID PREPARERS WHO FAIL TO COMPLY WITH EARNED INCOME TAX CREDIT DUE DILIGENCE REQUIREMENTS

U.S.C.§ 6695

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