Code of Federal Regulations · Section
§ 28.6694-4 — -4 Extension Of Period Of Collection When Tax Return Preparer Pays 15 Percent Of A Penalty For Understatement Of Taxpayer's Liability And Certain Other Procedural Matters
26 C.F.R. § 28.6694-4
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(a) In general. For rules relating to the extension of the period of collection when a tax return preparer who prepared a return or claim for refund of the section 2801 tax pays 15 percent of a penalty for understatement of taxpayer's liability, and for procedural matters relating to the investigation, assessment, and collection of the penalties under section 6694(a) and (b) of the Code, the rules under § 1.6694-4 of this chapter apply.
(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