If a person who is required to file a disclosure with the department as provided under sub. (7) (a) fails to file the disclosure or files a disclosure containing false or incomplete information, the person is subject to a penalty equal to the following amounts: 1.
(1)#
If the disclosure relates to a reportable transaction that is not a listed transaction, $15,000.
(2)#
If the disclosure relates to a listed transaction, $100,000.