1. LawStack
  2. Title 26 - Internal Revenue
  3. Subchapter D - MISCELLANEOUS EXCISE TAXES
  4. Part 44 - TAXES ON WAGERING; EFFECTIVE JANUARY 1, 1955
  5. Subpart E - Administrative Provisions of Special Application to the Taxes on Wagering
  6. 26 CFR § 44.6694-3
26 CFR § 44.6694-3
Penalty for understatement due to willful, reckless, or intentional conduct
June 25, 2020
CFR

(a) In general. A person who is a tax return preparer of any return or claim for refund of tax on wagers under sections 4401 or 4411 shall be subject to penalties under section 6694(b) 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.

[T.D. 9436, 73 FR 78457, Dec. 22, 2008]

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§ 44.6694-1 Section 6694 penalties applicable to tax return preparer
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§ 44.6694-4 Extension of period of collection when preparer pays 15 percent of a penalty for understatement of taxpayer's liability and certain other procedural matters

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