§ 1596.
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/vt/title-27/chapter-18/1596A research copy — for the controlling text, always check the official state or federal source. Not legal advice.
§ 1596. Waiver of interest and penalty
The Administrator:
(1)may waive, in whole or in part, interest under subsection 1594(a) of this title and penalties under subsection 1594(b) or section 1595 of this title; and
(2)shall waive a penalty under subsection 1594(b) of this title if the Administrator determines that the holder acted in good faith and without negligence. (Added 2019, No. 93 (Adj. Sess.), § 2, eff. Jan. 1, 2021.)