26 U.S.C. § 6723
Verified against govinfo.gov as of June 20, 2026View official text on govinfo.gov ↗
In the case of a failure by any person to comply with a specified information reporting requirement on or before the time prescribed therefor, such person shall pay a penalty of $50 for each such failure, but the total amount imposed on such person for all such failures during any calendar year shall not exceed $100,000.