§ 4962.
(a)
General rule
If it is established to the satisfaction of the Secretary that—
(1)
a taxable event was due to reasonable cause and not to willful neglect, and
(2)
such event was corrected within the correction period for such event,
then any qualified first tier tax imposed with respect to such event (including interest) shall not be assessed and, if assessed, the assessment shall be abated and, if collected, shall be credited or refunded as an overpayment.
(Added [Pub. L. 98–369, div. A, title III, § 305(a)], July 18, 1984, [98 Stat. 783]; amended [Pub. L. 100–203, title X, § 10712(b)(1)], (2), (4), Dec. 22, 1987, [101 Stat. 1330–467]; [Pub. L. 105–34, title XVI, § 1603(a)], Aug. 5, 1997, [111 Stat. 1096]; [Pub. L. 110–172, § 3(h)], Dec. 29, 2007, [121 Stat. 2475].)