§ 6689. Failure to file notice of redetermination of foreign tax

282 words·~1 min read·/usc/title-26/section-6689

A research copy — for the controlling text, always check the official state or federal source. Not legal advice.

(a)Civil penalty If the taxpayer fails to notify the Secretary (on or before the date prescribed by regulations for giving such notice) of a foreign tax redetermination, unless it is shown that such failure is due to reasonable cause and not due to willful neglect, there shall be added to the deficiency attributable to such redetermination an amount (not in excess of 25 percent of the deficiency) determined as follows—

(1)5 percent of the deficiency if the failure is for not more than 1 month, with

(2)an additional 5 percent of the deficiency for each month (or fraction thereof) during which the failure continues.

(b)Foreign tax redetermination defined For purposes of this section, the term “foreign tax redetermination” means any redetermination for which a notice is required under subsection

(c)of section 905 or paragraph

(2)of section 404A(g).

(Added Pub. L. 96–603, § 2(c)(2), Dec. 28, 1980, 94 Stat. 3509.)

Connections11 cite this · traces to 1

Cited by 11 sections · top 5

U.S. Code

§ 404A
Deduction for certain foreign deferred compensation plans

statutes-at-large

Traces to 1 document

U.S. Code

Deduction for certain foreign deferred compensation plans
§ 404A

7 references not yet in our index

Pub. L. 96–603, § 2(c)(2)
94 Stat. 3509
Pub. L. 93–17, § 3(d)(2)
87 Stat. 16
Pub. L. 94–455, title XIX, § 1904(b)(10)(E)(i)
90 Stat. 1817
section 2(e) of Pub. L. 96–603

Citation graph

cites case law

§ 6689

Failure to file notice of redetermination of foreign tax

Fed. Reg.×4

U.S.C.×4

Stat.×3

U.S.C.§ 404A

Pub. L.Pub. L. 96–603, § 2(c)(2)

Stat.94 Stat. 3509

Pub. L.Pub. L. 93–17, § 3(d)(2)

Stat.87 Stat. 16

Pub. L.Pub. L. 94–455, title XIX, § 1904(b)(10)(E)(i)

Cites 8 · showing 6Cited by 11 across 3 sources