26 U.S.C. 6662: Imposition of accuracy-related penalty on underpayments

2022

• Pub. L. 117–328, §605(a)(2)(A), added par. (10). (Consolidated Appropriations Act, 2023) Law text · (b)
• Pub. L. 117–328, §605(a)(2)(B), added subpar. (D). (Consolidated Appropriations Act, 2023) Law text · (h)

2020

• Pub. L. 116–260, §212(b)(1), added par. (9). (Consolidated Appropriations Act, 2021) Law text · (b)
• Pub. L. 116–260, §212(b)(2), added subsec. (l). (Consolidated Appropriations Act, 2021) Law text · (l)

2018

• Pub. L. 115–141, §101(a)(2)(A), substituted "any deduction" for "the deduction". (Consolidated Appropriations Act, 2018) Law text · (d)
• Pub. L. 115–141, §401(a)(303), substituted "section 6664(d)(3)" for "section 6664(d)(2)". (Consolidated Appropriations Act, 2018) Law text · (d)
• Pub. L. 115–141, §401(a)(304), transferred subsec. (i) to appear before subsec. (j). (Consolidated Appropriations Act, 2018) Law text · (i), (j)
• Pub. L. 115–141, §104(a), amended subsec. (k) generally. Prior to amendment, text read as follows: "For purposes of this section, there is an 'inconsistent estate basis' if the basis of property claimed on a return exceeds the basis as determined under section 1014(f)." (Consolidated Appropriations Act, 2018) Law text · (k)

2017

• Pub. L. 115–97 added subpar. (C). Law text · (d)

2015

• Pub. L. 114–41, §2004(c)(1), added par. (8). (Surface Transportation and Veterans Health Care Choice Improvement Act of 2015) Law text · (b)
• Pub. L. 114–41, §2004(c)(2), added subsec. (k). (Surface Transportation and Veterans Health Care Choice Improvement Act of 2015) Law text · (k)

2014

• Pub. L. 113–295, §208(a), amended directory language of Pub. L. 111–147, §512(a)(1). See 2010 Amendment note below. Law text · (b)

2010

• Pub. L. 111–152, §1409(b)(1), added par. (6). See Codification note above. (Health Care and Education Reconciliation Act of 2010) Law text · (b)
• Pub. L. 111–147, §512(a)(1), as amended by Pub. L. 113–295, §208(a), added par. (7). (Hiring Incentives to Restore Employment Act) Law text · (b)
• Pub. L. 111–152, §1409(b)(2), added subsec. (i). See Codification note above. (Health Care and Education Reconciliation Act of 2010) Law text · (i)
• Pub. L. 111–147, §512(a)(2), added subsec. (j). (Hiring Incentives to Restore Employment Act) Law text · (j)

2006

• Pub. L. 109–280, §1219(a)(1)(A), substituted "150 percent" for "200 percent". See Codification note above. (Pension Protection Act of 2006) Law text · (e)
• Pub. L. 109–280, §1219(a)(1)(B), substituted "65 percent" for "50 percent". See Codification note above. (Pension Protection Act of 2006) Law text · (g)
• Pub. L. 109–280, §1219(a)(2)(A), amended cls. (i) and (ii) generally. Prior to amendment, cls. (i) and (ii) read as follows: (Pension Protection Act of 2006) Law text · (h), (ii)
• Pub. L. 109–280, §1219(a)(2)(B), substituted " '40 percent' for '65 percent' " for " '25 percent' for '50 percent' ". See Codification note above. (Pension Protection Act of 2006) Law text · (h)

2005

• Pub. L. 109–135, §403(x)(1), inserted at end "Except as provided in paragraph (1) or (2)(B) of section 6662A(e), this section shall not apply to the portion of any underpayment which is attributable to a reportable transaction understatement on which a penalty is imposed under section … (Gulf Opportunity Zone Act of 2005) Law text · (b)
• Pub. L. 109–135, §412(aaa), struck out "the" before "1 or more". (Gulf Opportunity Zone Act of 2005) Law text · (d)

2004

• Pub. L. 108–357, §812(e)(1), inserted "on underpayments" after "penalty" in section catchline. (American Jobs Creation Act of 2004) Law text
• Pub. L. 108–357, §819(a), reenacted heading without change and amended text of subpar. (B) generally. Prior to amendment, text read as follows: "In the case of a corporation other than an S corporation or a personal holding company (as defined in section 542), paragraph (1) shall… (American Jobs Creation Act of 2004) Law text · (d)
• Pub. L. 108–357, §812(b), inserted concluding provisions. (American Jobs Creation Act of 2004) Law text · (d)
• Pub. L. 108–357, §812(d), amended subpar. (C) generally, substituting provisions relating to inapplicability of subpar. (B) to any item attributable to a tax shelter and defining the term "tax shelter" for provisions relating to, in the case of any item of a taxpayer other than a… (American Jobs Creation Act of 2004) Law text · (d)
• Pub. L. 108–357, §819(b)(2), struck out heading and text of subpar. (D). Text read as follows: "The Secretary shall prescribe (and revise not less frequently than annually) a list of positions— (American Jobs Creation Act of 2004) Law text · (d)
• Pub. L. 108–357, §819(b)(1), added par. (3). (American Jobs Creation Act of 2004) Law text · (d)

1997

• Pub. L. 105–34, §1028(c)(1), inserted concluding provisions. (Taxpayer Relief Act of 1997) Law text · (d)
• Pub. L. 105–34, §1028(c)(2), substituted "a significant purpose" for "the principal purpose" in concluding provisions. (Taxpayer Relief Act of 1997) Law text · (d)

1994

• Pub. L. 103–465, §744(b)(1), substituted "In the case of any item of a taxpayer other than a corporation which is" for "In the case of any item" in introductory provisions. · (d)
• Pub. L. 103–465, §744(a), added cl. (ii). Former cl. (ii) redesignated (iii). · (d)
• Pub. L. 103–465, §744(a), (b)(2), redesignated cl. (ii) as (iii) and substituted "this subparagraph" for "clause (i)" in introductory provisions. · (d)

1993

• Pub. L. 103–66, §13251(a), amended cl. (ii) generally. Prior to amendment, cl. (ii) read as follows: "any item with respect to which the relevant facts affecting the item's tax treatment are adequately disclosed in the return or in a statement attached to the return." · (d)
• Pub. L. 103–66, §13236(a), amended cl. (ii) generally. Prior to amendment, cl. (ii) read as follows: "the net section 482 transfer price adjustment for the taxable year exceeds $10,000,000." · (e)
• Pub. L. 103–66, §13236(b), amended heading and text of subpar. (B) generally. Prior to amendment, text read as follows: "For purposes of determining whether the $10,000,000 threshold requirement of paragraph (1)(B)(ii) is met, there shall be excluded— · (e)
• Pub. L. 103–66, §13236(c), added subpar. (D). · (e)
• Pub. L. 103–66, §13236(d), amended cl. (iii) generally. Prior to amendment, cl. (iii) read as follows: " '$20,000,000' for '$10,000,000',". · (h)

1990

• Pub. L. 101–508, §11312(b)(1), amended par. (3) generally, substituting "misstatement" for "overstatement". · (b)
• Pub. L. 101–508, §11312(a), substituted "misstatement" for "overstatement" in heading and amended text generally. Prior to amendment, text read as follows: · (e)
• Pub. L. 101–508, §11312(b)(2), amended subpar. (A) generally. Prior to amendment, subpar. (A) read as follows: "any substantial valuation overstatement under chapter 1 as determined under subsection (e) by substituting '400 percent' for '200 percent',". · (h)