Files

T

Fabio 76b8ec33a7 Legal corpus: the complete U.S. Code (59,740 sections, all 53 titles)

Ingested titles 12–51 and 54 from OLRC USLM XML @119-100 (the whole Code
now, uniform edition; Title 53 is reserved/empty). LegalText 11,221 ->
59,740; repo total 105,704 records. Deterministic (byte-identical rerun,
verified on Title 42's 8,356 sections); make check green. make
legal-us-code default now covers every title.

Co-Authored-By: Claude Opus 4.8 <noreply@anthropic.com>

2026-07-06 10:51:44 -04:00

3.9 KiB

Raw Permalink Blame History

type, title, description, jurisdiction, corpus, kind, title_number, title_name, chapter_number, chapter_name, section, citation, status, release_point, release_date, source, source_url, source_identifier, source_file, source_hash, raw_snapshot_hash, text_hash, retrieved_at, confidence, tags

type

title

description

jurisdiction

corpus

kind

title_number

title_name

chapter_number

chapter_name

section

citation

status

release_point

release_date

source

source_url

source_identifier

source_file

source_hash

raw_snapshot_hash

text_hash

retrieved_at

confidence

26 U.S.C. § 6726 - Failure to comply with information reporting requirements relating to qualified opportunity funds and qualified rural opportunity funds

Text

(a) In general If any person required to file a return under section 6039K fails to file a complete and correct return under such section in the time and in the manner prescribed therefor, such person shall pay a penalty of $500 for each day during which such failure continues.

(b) Limitation (1) In general The maximum penalty under this section on failures with respect to any 1 return shall not exceed $10,000.

(2) Large qualified opportunity funds In the case of any failure described in subsection (a) with respect to a fund the gross assets of which (determined on the last day of the taxable year) are in excess of $10,000,000, paragraph (1) shall be applied by substituting “$50,000” for “$10,000”.

(c) Penalty in cases of intentional disregard If a failure described in subsection (a) is due to intentional disregard, then—

(1) subsection (a) shall be applied by substituting “$2,500” for “$500”,

(2) subsection (b)(1) shall be applied by substituting “$50,000” for “$10,000”, and

(3) subsection (b)(2) shall be applied by substituting “$250,000” for “$50,000”.

(d) Inflation adjustment (1) In general In the case of any failure relating to a return required to be filed in a calendar year beginning after 2025, each of the dollar amounts in subsections (a), (b), and (c) shall be increased by an amount equal to—

(A) such dollar amount, multiplied by

(B) the cost-of-living adjustment determined under section 1(f)(3) for the calendar year determined by substituting “calendar year 2024” for “calendar year 2016” in subparagraph (A)(ii) thereof.

(2) Rounding (A) In general If the $500 dollar amount in subsection (a) and (c)(1) or the $2,500 amount in subsection (c)(1), after being increased under paragraph (1), is not a multiple of $10, such dollar amount shall be rounded to the next lowest multiple of $10.

(B) Asset threshold If the $10,000,000 dollar amount in subsection (b)(2), after being increased under paragraph (1), is not a multiple of $10,000, such dollar amount shall be rounded to the next lowest multiple of $10,000.

(C) Other dollar amounts If any dollar amount in subsection (b) or (c) (other than any amount to which subparagraph (A) or (B) applies), after being increased under paragraph (1), is not a multiple of $1,000, such dollar amount shall be rounded to the next lowest multiple of $1,000.

(Added Pub. L. 119–21, title VII, § 70421(d)(2)(A), July 4, 2025, 139 Stat. 230.)

Notes

Statutory Notes and Related Subsidiaries

Effective DateSection applicable to taxable years beginning after July 4, 2025, see section 70421(d)(5) of Pub. L. 119–21, set out as an Effective Date of 2025 Amendment note under section 6011 of this title.

3.9 KiB Raw Permalink Blame History Unescape Escape

26 U.S.C. § 6726 - Failure to comply with information reporting requirements relating to qualified opportunity funds and qualified rural opportunity funds

Text

Notes

3.9 KiB

Raw Permalink Blame History