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TREAS/IRS | RIN: 1545-BH25 | Publication ID: Fall 2016 |
Title: Penalty for Erroneous Claim for Refund or Credit | |
Abstract:
Section 8247 of the U.S. Troop Readiness, Veterans' Care, Katrina Recovery, and Iraq Accountability Act, which became law on May 25, 2007, enacted section 6676 of the Internal Revenue Code. Section 6676 imposes a penalty of 20 percent of the excessive amount of an erroneous claim for refund or credit. These proposed regulations establish the Service's regulatory guidance regarding the penalty. |
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Agency: Department of the Treasury(TREAS) | Priority: Substantive, Nonsignificant |
RIN Status: Previously published in the Unified Agenda | Agenda Stage of Rulemaking: Proposed Rule Stage |
Major: No | Unfunded Mandates: Undetermined |
CFR Citation: 26 CFR 1 | |
Legal Authority: 26 U.S.C. 6676 26 U.S.C. 7805 |
Legal Deadline:
None |
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Timetable:
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Additional Information: REG-138718-07 Drafting attorney: Sarah McLemore (202) 317-5197 Reviewing attorney: Ashton Trice (202) 317-5144 CC: PA: Branch 2 | |
Regulatory Flexibility Analysis Required: No | Government Levels Affected: None |
Small Entities Affected: No | Federalism: No |
Included in the Regulatory Plan: No | |
RIN Data Printed in the FR: No | |
Related RINs: Related to 1545-BH26 | |
Agency Contact: Sarah McLemore Attorney Department of the Treasury Internal Revenue Service 1111 Constitution Avenue NW., Washington, DC 20224 Phone:202 317-5197 Email: sarar.r.mclemore@irscounsel.treas.gov |