I.R.C. § 6719(a) Failure To Register Or Reregister- —
Every person who is required to register or reregister
under section 4101 and
fails to do so shall pay a penalty in addition to the tax (if any).
I.R.C. § 6719(b) Amount Of Penalty- —
The amount of the penalty under subsection (a) shall be--
I.R.C. § 6719(b)(1) —
$10,000 for each initial failure to register or reregister, and
I.R.C. § 6719(b)(2) —
$1,000 for each day thereafter such person fails to register or reregister.
I.R.C. § 6719(c) Reasonable Cause Exception- —
No penalty shall be imposed under this section with respect to any failure if it
is shown that such failure is due to reasonable cause.
(Added by Pub. L. 108-357, title VIII, Sec. 863(c)(1), Oct. 22, 2004, 118 Stat. 1418; amended by Pub. L. 109-59, title XI Sec. 11164(b), Aug. 10, 2005, 119 Stat. 1144.)
Background Notes
AMENDMENTS
2005 - Sec. 6719. Pub. L. 109-59, Sec. 11164(b)(1)(C), amended the heading of Sec. 6719 by inserting “Or Reregister"
after “Register”.
Sec. 6719. Pub. L. 109-59, Sec. 11164(b)(1)(A), amended Sec. 6719 by inserting “or reregister” after “register” each place it appeared.
Subsec. (a). Pub. L. 109-59, Sec. 11164(b)(1)(B), amended subsec. (a) by inserting “Or Reregister” after “Register” in the heading.
EFFECTIVE DATE OF 2005 AMENDMENTS
Amendments by Section 11164(b)(1) of Pub. L. 109-59 effective with respect to actions to actions, or failures to act, after the date
of the enactment of this Act [Enacted: Aug. 10, 2005].
EFFECTIVE DATE
Effective for penalties imposed after December 31, 2004.
