The law › Title 26, Internal Revenue Code › Chapter 68

26 U.S.C. 6662A: Imposition of accuracy-related penalty on understatements with respect to reportable transactions

Created in 2004 by the American Jobs Creation Act of 2004 (Public Law 108-357). Changed by 3 later laws. 1 bill in this Congress would change it.

How it got hereLaws that created or changed it, newest first

2014Pub. L. 113-295

2010Health Care and Education Reconciliation Act of 2010

2005Gulf Opportunity Zone Act of 2005

2004American Jobs Creation Act of 2004created it

26 U.S.C. 6662AImposition of accuracy-related penalty on understatements with respect to reportable transactions

(a)Imposition of penalty

(b)Reportable transaction understatement

(c)Higher penalty for nondisclosed listed and other avoidance transactions

(d)Definitions of reportable and listed transactions

(e)Special ruleschanged

This CongressBills that change it or would

H.R. 10595Stop Wall Street Looting Actintroduced

past change
enacted this Congress
proposed

This Congress

H.R. 10595 Stop Wall Street Looting Act · introduced · would change (e)

How it got here

2014

Pub. L. 113–295 substituted "section 6664(d)(3)(A)" for "section 6664(d)(2)(A)". Law text · (c)

2010

Pub. L. 111–152 substituted "certain increased underpayment penalties" for "gross valuation misstatement penalty" in heading and "subsections (h) or (i) of section 6662" for "section 6662(h)" in text. See Codification note above. (Health Care and Education Reconciliation Act of 2010) Law text · (e)

2005

Pub. L. 109–135 reenacted heading without change and amended text generally. Prior to amendment, text read as follows: (Gulf Opportunity Zone Act of 2005) Law text · (e)

Text, outline and history from the official U.S. Code (2024 edition) on GovInfo, published by the Office of the Law Revision Counsel. Changes made after that edition appear under This Congress.