LegalFix
Sign In

§ 25.6695-1 - Other assessable penalties with respect to the preparation of tax returns for other persons.

Copy with citation
Copy as parenthetical citation

In general. A person who is a tax return preparer of any return or claim for refund of gift tax under chapter 12 of subtitle B of the Internal Revenue Code (Code) shall 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) of the Code, failure to furnish an identification number under section 6695(c) of the Code, failure to retain a copy or list under section 6695(d) of the Code, failure to file a correct information return under section 6695(e) of the Code, and negotiation of a check under section 6695(f) of the Code, in the manner stated in § 1.6695-1 of this chapter.

Effective/applicability date. This section is applicable to returns and claims for refund filed after December 31, 2008.

Previous Section
§ 25.6694-4 - Extension of period of collection when tax return preparer pays 15 percent of a penalty for understatement of taxpayer's liability and certain other procedural matters.
Next Section
§ 25.6696-1 - Claims for credit or refund by tax return preparers.