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SECTION 12. PENALTIES

Internal Revenue Bulletin 1998-11 · 2026-10-03 edition · updated 2026-10-04 · United States

The District Director may issue a Notice of Inadequate Records pursuant to § 1.6001–1(d) if a taxpayer fails to comply with this revenue procedure (including a failure to satisfy the resource requirements of section 7 of this revenue procedure). Failure to comply with this revenue procedure may also result in the imposition of the applicable penalties under subtitle F of the Code, including the § 6662(a) accuracy-related civil penalty and the § 7203 willful failure criminal penalty.

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▸Contents — Internal Revenue Bulletin 1998-11
Internal Revenue Bulletin 1998-11

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