§ 6659. Improper claim for Trump account contribution pilot program credit
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/usc/title-26/section-6659A research copy — for the controlling text, always check the official state or federal source. Not legal advice.
(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.)
Connections12 cite this · traces to 3
Cited by 12 sections · top 8
public-private-law
statutes-at-large
- Public Law 93–406
- Public Law 86–467
- Public Law 85–859
- Public Law 97–448To make technical corrections in the Economic Recovery Tax Act of 1981 and certain other recent tax legislation
- Public Law 98–369To provide for tax reform, and for deficit reduction
- Public Law 97–34To amend the Internal Revenue Code of 1954 to encourage economic growth through reduction of the tax rates for individual taxpayers, acceleration of capital cost recovery of investment in plant, equipment, and real property, and incentives for savings, and for other purposes
Traces to 3 documents
9 references not yet in our index
- 139 Stat. 188
- Pub. L. 97–34, title VII, § 722(a)(1)
- 95 Stat. 341
- Pub. L. 97–448, title I, § 107(a)(1)
- 96 Stat. 2391
- Pub. L. 98–369, div. A, title I, § 155(c)(1)
- 98 Stat. 693
- Pub. L. 101–239, title VII, § 7721(c)(2)
- 103 Stat. 2399
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§ 6659
Improper claim for Trump account contribution pilot program credit
Stat.×10
Pub. L.×1
U.S.C.×1
Stat.139 Stat. 188
Pub. L.Pub. L. 97–34, title VII, § 722(a)(1)
Stat.95 Stat. 341
Pub. L.Pub. L. 97–448, title I, § 107(a)(1)
Stat.96 Stat. 2391
Cites 12 · showing 8Cited by 12 across 3 sources