Page:United States Statutes at Large Volume 68A.djvu/861

 CH. 68—ADDITIONS AND PENALTIES

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CHAPTER 68—ADDITIONS TO THE TAX, ADDITIONAL AMOUNTS, AND ASSESSABLE PENALTIES SUBCHAPTER A. Additions to the tax and additional amounts. SUBCHAPTER B. Assessable penalties.

Subchapter A—Additions to the Tax and Additional Amounts Sec. Sec. Sec. Sec. Sec. Sec. Sec. Sec. Sec.

6651. 6652. 6653. 6654. 6655. 6656. 6657. 6658. 6659.

Failure to file tax return. Failure to file certain information returns. Failure to pay tax. Failure by individual to pay estimated income tax. Failure by corporation to pay estimated income tax. Failure to make deposit of taxes. Bad checks. Addition to tax in case of jeopardy. Applicable rules.

SEC. 6651. FAILURE TO FILE TAX RETURN. (a) ADDITION TO THE T A X. — I n case of failure to file any return

required under authority of subchapter A of chapter 61 (other than part III thereof), of subchapter A of chapter 51 (relating to distilled spirits, wines, and beer), or of subchapter A of chapter 52 (relating to tobacco, cigars, cigarettes, and cigarette papers and tubes), or of subchapter A of chapter 53 (relating to machine guns and certain other firearms), on the date prescribed therefor (determined with regard to any extension of time for filing), unless it is shown that such failure is due to reasonable cause and not due to willful neglect, there shall be added to the amount required to be shown as tax on such return 5 percent of the amount of such tax if the failure is for not more than 1 month, with an additional 5 percent for each additional month or fraction thereof during which such failure continues, not exceeding 25 percent in the aggregate. (b) PENALTY IMPOSED ON N E T AMOUNT D U E, — For purposes of

subsection (a), the amount of tax required to be shown on the return shall be reduced by the amount of any part of the tax which is paid on or before the date prescribed for payment of the tax and by the amount of any credit against the tax which may be claimed upon the return. (c) EXCEPTION FOR DECLARATIONS o r ESTIMATED T A X. — T h i s section shall not apply to any failure to file a declaration of estimated tax required by section 6015 or section 6016. SEC. 6652. FAILURE TO FILE CERTAIN INFORMATION RETURNS. (a) ADDITIONAL AMOUNT.—In case of each failure to file a state-

ment of a payment to another person, required under authority^ of section 6041 (relating to information at source), section 6042 (relating to payments of corporate dividends), section 6044 (relating to patronage dividends), section 6045 (relating to returns of brokers), or section 6051 (d) (relating to information returns with respect to income tax withheld), unless it is shown that such failure is due to reasonable cause § 6652(a)

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