Code of Federal Regulations · Section
§ 58.6695-1 — -1 Other Assessable Penalties With Respect To The Preparation Of Tax Returns Or Claims For Refund For Other Persons
26 C.F.R. § 58.6695-1
(a) In general. A person who is a tax return preparer of any return or claim for refund of tax under chapter 37 of the Internal Revenue Code (Code) may be subject to penalties for failure to furnish a copy to the taxpayer under section 6695(a) of the Code, failure to sign the return under section 6695(b), failure to furnish an identifying number under section 6695(c), failure to retain a copy or list under section 6695(d), failure to file a correct information return under section 6695(e), and endorsement or negotiation of a check under section 6695(f), in the manner stated in § 1.6695-1 of this chapter.
(b) Applicability date. This section applies to returns and claims for refund filed after June 28, 2024, and during taxable years ending after June 28, 2024.
Authorizing Statute
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Time for filing returns and other documents26 U.S.C. § 6071
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Identifying numbers26 U.S.C. § 6109
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Place for filing returns or other documents26 U.S.C. § 6091
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Time and place for paying tax shown on returns26 U.S.C. § 6151
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Understatement of taxpayer’s liability by tax return preparer26 U.S.C. § 6694
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Information returns of tax return preparers26 U.S.C. § 6060
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Repurchase of corporate stock26 U.S.C. § 4501
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Signing of returns and other documents26 U.S.C. § 6061
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General requirement of return, statement, or list26 U.S.C. § 6011
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Verification of returns26 U.S.C. § 6065