Page 31

31

Scenario Penalty Per Return Calendar Year Maximum General Rule (§ 6721(a)(1)) $340 $4,191,500 Corrected on or before 30 days after required filing date (§ 6721(b)(1)) $60 $698,500 Corrected after 30th day but on or before August 1, 2026 (§ 6721(b)(2)) $130 $2,095,500

(2) for persons with average annual gross receipts for the most recent three taxable years of $5,000,000 or less, for failure to file correct information returns: Scenario Penalty Per Return Calendar Year Maximum General Rule (§ 6721(d)(1)(A)) $340 $1,397,000 Corrected on or before 30 days after required filing date (§ 6721(d)(1)(B)) $60 $244,500 Corrected after 30th day but on or before August 1, 2026 (§ 6721(d)(1)(C)) $130 $698,500

(3) for failure to file correct information returns due to intentional disregard of the filing requirement (or the correct information reporting requirement):

loading…

Page 31

Official source

31

Scenario Penalty Per Return Calendar Year Maximum General Rule (§ 6721(a)(1)) $340 $4,191,500 Corrected on or before 30 days after required filing date (§ 6721(b)(1)) $60 $698,500 Corrected after 30th day but on or before August 1, 2026 (§ 6721(b)(2)) $130 $2,095,500

(2) for persons with average annual gross receipts for the most recent three taxable years of $5,000,000 or less, for failure to file correct information returns: Scenario Penalty Per Return Calendar Year Maximum General Rule (§ 6721(d)(1)(A)) $340 $1,397,000 Corrected on or before 30 days after required filing date (§ 6721(d)(1)(B)) $60 $244,500 Corrected after 30th day but on or before August 1, 2026 (§ 6721(d)(1)(C)) $130 $698,500

(3) for failure to file correct information returns due to intentional disregard of the filing requirement (or the correct information reporting requirement):