Code of Federal Regulations · Section
§ 53.6694-2 — -2 Penalties For Understatement Due To An Unreasonable Position
26 C.F.R. § 53.6694-2
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(a) In general. A person who is a tax return preparer of any return or claim for refund of tax under Chapter 42 of the Internal Revenue Code (Code) shall be subject to penalties under section 6694(a) of the Code in the manner stated in § 1.6694-2 of this chapter.
(b) Effective/applicability date. This section is applicable to returns and claims for refund filed, and advice provided, after December 31, 2008.
Authorizing Statute
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Information returns of tax return preparers26 U.S.C. § 6060
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General requirement of return, statement, or list26 U.S.C. § 6011
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Identifying numbers26 U.S.C. § 6109
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Rules and regulations26 U.S.C. § 7805
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Extension of time for filing returns26 U.S.C. § 6081