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26 U.S.C. § 6696 — Rules applicable with respect to sections 6694, 6695, 6695A, and 6695B
Federal law — U.S. Code and appendices · legal_authorities
**(a) Penalties to be additional to any other penalties** The penalties provided by sections 6694, 6695, 6695A, and 6695B shall be in addition to any other penalties provided by law.
**(b) Deficiency procedures not to apply** Subchapter B of chapter 63 (relating to deficiency procedures for income, estate, gift, and certain excise taxes) shall not apply with respect to the assessment or collection of the penalties provided by sections 6694, 6695, 6695A, and 6695B.
**(c) Procedure for claiming refund** Any claim for credit or refund of any penalty paid under section 6694, 6695, 6695A, or 6695B shall be filed in accordance with regulations prescribed by the Secretary.
**(d) Periods of limitation**
(1) **Assessment** — The amount of any penalty under section 6694(a), 6695, or 6695A shall be assessed within 3 years (or, in the case of any penalty under section 6695B, 6 years) after the return or claim for refund with respect to which the penalty is assessed was filed, and no proceeding in court without assessment for the collection of such tax shall be begun after the expiration of such period. In the case of any penalty under section 6694(b), the penalty may be assessed, or a proceeding in court for the collection of the penalty may be begun without assessment, at any time.
(2) **Claim for refund** — Except as provided in section 6694(d), any claim for refund of an overpayment of any penalty assessed under section 6694, 6695, or 6695A shall be filed within 3 years (or, in the case of any claim for refund of an overpayment of any penalty assessed under section 6695B, 6 years) from the time the penalty was paid.
**(e) Definitions** For purposes of sections 6694, 6695, 6695A, and 6695B—
(1) **Return** — The term “return” means any return of any tax imposed by this titl
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Source file: Laws/federal/codes/united-states-code/title-26/section-6696-rules-applicable-with-respect-to-sections-6694-6695-6695a-and-6695b--9efef24ee8.md
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Source location: Title 26, Chapter 68, § 6696; chapter-068-additions-to-the-tax-additional-amounts-and-assessable-penalties.md
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**(a) Penalties to be additional to any other penalties** The penalties provided by sections 6694, 6695, 6695A, and 6695B shall be in addition to any other penalties provided by law.
**(b) Deficiency procedures not to apply** Subchapter B of chapter 63 (relating to deficiency procedures for income, estate, gift, and certain excise taxes) shall not apply with respect to the assessment or collection of the penalties provided by sections 6694, 6695, 6695A, and 6695B.
**(c) Procedure for claiming refund** Any claim for credit or refund of any penalty paid under section 6694, 6695, 6695A, or 6695B shall be filed in accordance with regulations prescribed by the Secretary.
**(d) Periods of limitation**
(1) **Assessment** — The amount of any penalty under section 6694(a), 6695, or 6695A shall be assessed within 3 years (or, in the case of any penalty under section 6695B, 6 years) after the return or claim for refund with respect to which the penalty is assessed was filed, and no proceeding in court without assessment for the collection of such tax shall be begun after the expiration of such period. In the case of any penalty under section 6694(b), the penalty may be assessed, or a proceeding in court for the collection of the penalty may be begun without assessment, at any time.
(2) **Claim for refund** — Except as provided in section 6694(d), any claim for refund of an overpayment of any penalty assessed under section 6694, 6695, or 6695A shall be filed within 3 years (or, in the case of any claim for refund of an overpayment of any penalty assessed under section 6695B, 6 years) from the time the penalty was paid.
**(e) Definitions** For purposes of sections 6694, 6695, 6695A, and 6695B—
(1) **Return** — The term “return” means any return of any tax imposed by this title, any administrative adjustment request under section 6227, and any partnership adjustment tracking report under section 6226(b)(4)(A).
(2) **Claim for refund** — The term “claim for refund” means a claim for refund of, or credit against, any tax imposed by this title.
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Federal law — U.S. Code and appendices · legal_authorities
**(a) General rule** Any person who employs a tax return preparer to prepare any return or claim for refund other than for such person at any time during a return period shall make a return setting forth the name, taxpayer identification number, and place of work of each tax return preparer employed by him at any time during such period. For purposes of this section, any individual who in acting as a tax return preparer is not the employee of another tax return preparer shall be treated as his own employer. The return required by this section shall be filed, in such manner as the Secretary may by regulations prescribe, on or before the first July 31 following the end of such return period.
**(b) Alternative reporting** In lieu of the return required by subsection (a), the Secretary may approve an alternative reporting method if he determines that the necessary information is available to him from other sources.
**(c) Return period defined** For purposes of subsection (a), the term “return period” means the 12-month period beginning on July 1 of each year.
Source: Supplied U.S. Code snapshot — release unconfirmed · 26 U.S.C. § 6060
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Federal law — U.S. Code and appendices · legal_authorities
**(a) Allowance of deduction**
(1) **General rule** — There shall be allowed as a deduction any charitable contribution (as defined in subsection (c)) payment of which is made within the taxable year. A charitable contribution shall be allowable as a deduction only if verified under regulations prescribed by the Secretary.
(2) **Corporations on accrual basis** — In the case of a corporation reporting its taxable income on the accrual basis, if—
(A) the board of directors authorizes a charitable contribution during any taxable year, and
(B) payment of such contribution is made after the close of such taxable year and on or before the 15th day of the fourth month following the close of such taxable year,
then the taxpayer may elect to treat such contribution as paid during such taxable year. The election may be made only at the time of the filing of the return for such taxable year, and shall be signified in such manner as the Secretary shall by regulations prescribe.
(3) **Future interests in tangible personal property** — For purposes of this section, payment of a charitable contribution which consists of a future interest in tangible personal property shall be treated as made only when all intervening interests in, and rights to the actual possession or enjoyment of, the property have expired or are held by persons other than the taxpayer or those standing in a relationship to the taxpayer described in section 267(b) or 707(b). For purposes of the preceding sentence, a fixture which is intended to be severed from the real property shall be treated as tangible personal property.
**(b) Percentage limitations**
(1) **Individuals** — In the case of an individual, the deduction provided in subsection (a) shall be limited as provided in the succeeding subparagra
Source: Supplied U.S. Code snapshot — release unconfirmed · 26 U.S.C. § 170
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Federal law — U.S. Code and appendices · legal_authorities
**(a) General rule** For purposes of section 38, the renewable electricity production credit for any taxable year is an amount equal to the product of—
(1) 0.3 cents, multiplied by
(2) the kilowatt hours of electricity—
(A) produced by the taxpayer—
(i) from qualified energy resources, and
(ii) at a qualified facility during the 10-year period beginning on the date the facility was originally placed in service, and
(B) sold by the taxpayer to an unrelated person during the taxable year.
**(b) Limitations and adjustments**
(1) **Phaseout of credit** — The amount of the credit determined under subsection (a) shall be reduced by an amount which bears the same ratio to the amount of the credit (determined without regard to this paragraph) as—
(A) the amount by which the reference price for the calendar year in which the sale occurs exceeds 8 cents, bears to
(B) 3 cents.
(2) **Credit and phaseout adjustment based on inflation** — The 0.3 cent amount in subsection (a), the 8 cent amount in paragraph (1), the $4.375 amount in subsection (e)(8)(A), the $2 amount in subsection (e)(8)(D)(ii)(I), and in subsection (e)(8)(B)(i) the reference price of fuel used as a feedstock (within the meaning of subsection (c)(7)(A)) in 2002 shall each be adjusted by multiplying such amount by the inflation adjustment factor for the calendar year in which the sale occurs. If the 0.3 cent amount as increased under the preceding sentence is not a multiple of 0.05 cent, such amount shall be rounded to the nearest multiple of 0.05 cent. In any other case, if an amount as increased under this paragraph is not a multiple of 0.1 cent, such amount shall be rounded to the nearest multiple of 0.1 cent.
(3) **Credit reduced for tax-exempt bonds** — The amount of the credit determ
Source: Supplied U.S. Code snapshot — release unconfirmed · 26 U.S.C. § 45
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Federal law — U.S. Code and appendices · legal_authorities
**(a) General rule** Every partnership (as defined in section 761(a)) shall make a return for each taxable year, stating specifically the items of its gross income and the deductions allowable by subtitle A, and such other information, for the purpose of carrying out the provisions of subtitle A as the Secretary may by forms and regulations prescribe, and shall include in the return the names and addresses of the individuals who would be entitled to share in the taxable income if distributed and the amount of the distributive share of each individual.
**(b) Copies to partners** Each partnership required to file a return under subsection (a) for any partnership taxable year shall (on or before the day on which the return for such taxable year was required to be filed) furnish to each person who is a partner or who holds an interest in such partnership as a nominee for another person at any time during such taxable year a copy of such information required to be shown on such return as may be required by regulations. Information required to be furnished by the partnership under this subsection may not be amended after the due date of the return under subsection (a) to which such information relates, except—
(1) in the case of a partnership which has elected the application of section 6221(b) for the taxable year,
(2) as provided in the procedures under section 6225(c),
(3) with respect to statements under section 6226, or
(4) as otherwise provided by the Secretary.
**(c) Nominee reporting** Any person who holds an interest in a partnership as a nominee for another person—
(1) shall furnish to the partnership, in the manner prescribed by the Secretary, the name and address of such other person, and any other information for such taxable year as the Secretary may by f
Source: Supplied U.S. Code snapshot — release unconfirmed · 26 U.S.C. § 6031
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Federal law — U.S. Code and appendices · legal_authorities
Page 3801
TITLE 26—INTERNAL REVENUE CODE
§ 6696
208(h) of Pub. L. 113–295, set out as a note under section
6651 of this title.
EFFECTIVE DATE OF 2011 AMENDMENT
Amendment by Pub. L. 112–41 applicable to returns
required to be filed after Dec. 31, 2011, see section 501(b)
of Pub. L. 112–41, set out in a note under section 3805 of
Title 19, Customs Duties.
EFFECTIVE DATE OF 2007 AMENDMENT
Amendment by Pub. L. 110–28 applicable to returns
prepared after May 25, 2007, see section 8246(c) of Pub.
L. 110–28, set out as a note under section 6060 of this
title.
EFFECTIVE DATE OF 1997 AMENDMENT
Amendment by Pub. L. 105–34 applicable to taxable
years beginning after Dec. 31, 1996, see section 1085(e)(1)
of Pub. L. 105–34, set out as a note under section 32 of
this title.
EFFECTIVE DATE OF 1989 AMENDMENT
Pub. L. 101–239, title VII, § 7733(e), Dec. 19, 1989, 103
Stat. 2403, provided that: ‘‘The amendments made by
this section [amending this section] shall apply to doc-
uments prepared after December 31, 1989.’’
EFFECTIVE DATE OF 1985 AMENDMENT
Amendment by Pub. L. 99–44 effective as if included
in the amendments made by section 179(b) of Pub. L.
98–369, see section 6(a) of Pub. L. 99–44, set out as a note
under section 274 of this title.
EFFECTIVE DATE OF 1984 AMENDMENT
Amendment by Pub. L. 98–369 applicable to taxable
years beginning after Dec. 31, 1984, see section 179(d)(2)
of Pub. L. 98–369, set out as an Effective Date note
under section 280F of this title.
EFFECTIVE DATE OF 1978 AMENDMENT
Pub. L. 95–600, title VII, § 701(cc)(3), Nov. 6, 1978, 92
Stat. 2924, provided that: ‘‘The amendments made by
this subsection [amending this section and section 7701
of this title] shall apply to documents prepared after
December 31, 1976.’’
REPEAL OF REGULA
Source: Supplied 2024 U.S. Code historical extraction · 26 U.S.C. § 6696
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