Code of Federal Regulations · Section
§ 28.6694-2 — -2 Penalties For Understatement Due To An Unreasonable Position
26 C.F.R. § 28.6694-2
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(a) In general. A person who is a tax return preparer of any return or claim for refund of any section 2801 tax is subject to penalties under section 6694(a) of the Code in the manner stated in § 1.6694-2 of this chapter.
(b) Applicability date. This section applies to returns and claims for refund filed, and advice provided, on or after January 14, 2025.
Authorizing Statute
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Period covered by returns or other documents26 U.S.C. § 6101
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Time and place for paying tax shown on returns26 U.S.C. § 6151
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Information returns of tax return preparers26 U.S.C. § 6060
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Place for filing returns or other documents26 U.S.C. § 6091
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Definitions26 U.S.C. § 7701
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Understatement of taxpayer’s liability by tax return preparer26 U.S.C. § 6694
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Time for filing returns and other documents26 U.S.C. § 6071
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General requirement of return, statement, or list26 U.S.C. § 6011
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Imposition of tax26 U.S.C. § 2801
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Identifying numbers26 U.S.C. § 6109
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Extension of time for filing returns26 U.S.C. § 6081
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Rules and regulations26 U.S.C. § 7805