Code of Federal Regulations · Section

§ 54.6694-3 — -3 Penalty For Understatement Due To Willful, Reckless, Or Intentional Conduct

26 C.F.R. § 54.6694-3

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(a) In general. A person who is a tax return preparer of any return or claim for refund of excise tax under chapter 43 of subtitle D of the Internal Revenue Code (Code) shall be subject to penalties under section 6694(b) of the Code in the manner stated in § 1.6694-3 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.

26 C.F.R. § 54.6694-2 26 C.F.R. § 54.6694-4

Authorizing Statute

Excise tax on certain accumulations in qualified retirement plans
26 U.S.C. § 4974
Regulations
26 U.S.C. § 9833
Failure of employer to make comparable health savings account contributions
26 U.S.C. § 4980G
Shared responsibility for employers regarding health coverage
26 U.S.C. § 4980H
Extension of time for filing returns
26 U.S.C. § 6081
Preventing surprise medical bills
26 U.S.C. § 9816
Information returns of tax return preparers
26 U.S.C. § 6060
Increased portability through limitation on preexisting condition exclusions
26 U.S.C. § 9801
Other assessable penalties with respect to the preparation of tax returns for other persons
26 U.S.C. § 6695
Failure to satisfy continuation coverage requirements of group health plans
26 U.S.C. § 4980B
Failure of applicable plans reducing benefit accruals to satisfy notice requirements
26 U.S.C. § 4980F
Rules and regulations
26 U.S.C. § 7805
Identifying numbers
26 U.S.C. § 6109
General requirement of return, statement, or list
26 U.S.C. § 6011