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Part 20 - Penalty and Interest

This page contains interim guidance relating to instructions in IRM Part 20 currently in effect but not yet published in the Internal Revenue Manual (IRM).

IRM 20.1.6 Preparer, Promoter, Material Advisor Penalties, regarding Updates for 6694(b)-PATH Act and Penalty Rates Subject to Inflationary Increases, 12/21/2016
An IRM procedural update, effective 12/20/2016, was issued to revise IRM 20.1.6 regarding Updates for 6694(b) - PATH Act and Penalty Rates Subject to Inflationary Increases.

IRM 20.1.7 Interim Guidance on the method to compute Intentional Disregard Penalty under IRC 6721(e)(2) related to filing on Incorrect Media
The IRS has issued interim guidance regarding the method of computing the aggregate amount of the items required to be reported correctly for purposes of the intentional disregard penalty under IRC 6721(e)(2) when a taxpayer fails to report on magnetic media as required under IRC 6011(e).

IRM 20.1.7.3.2 Information Return Penalties, regarding Intentional Disregard Penalty
An IRM procedural update, effective 08/04/2016, was issued to revise IRM 20.1.7.3.2 regarding Intentional Disregard Penalty.

All Published Guidance - the Internal Revenue Manual
To find all published guidance for employees go to the corresponding Part of the Internal Revenue Manual.

Page Last Reviewed or Updated: 26-May-2017