26 USC 6726 - Failure to comply with information reporting requirements relating to qualified opportunity funds and qualified rural opportunity funds

U.S Code last checked for updates: Sep 07, 2025

§ 6726.

Failure to comply with information reporting requirements relating to qualified opportunity funds and qualified rural opportunity funds

(a)

In general

(b)

Limitation

(1)

In general

(2)

Large qualified opportunity funds

(c)

Penalty in cases of intentional disregard

If a failure described in subsection (a) is due to intentional disregard, then—

(1)

subsection (a) shall be applied by substituting “$2,500” for “$500”,

(2)

subsection (b)(1) shall be applied by substituting “$50,000” for “$10,000”, and

(3)

subsection (b)(2) shall be applied by substituting “$250,000” for “$50,000”.

(d)

Inflation adjustment

(1)

In general

In the case of any failure relating to a return required to be filed in a calendar year beginning after 2025, each of the dollar amounts in subsections (a), (b), and (c) shall be increased by an amount equal to—

(A)

such dollar amount, multiplied by

(B)

the cost-of-living adjustment determined under section 1(f)(3) for the calendar year determined by substituting “calendar year 2024” for “calendar year 2016” in subparagraph (A)(ii) thereof.

(2)

Rounding

(A)

In general

(B)

Asset threshold

(C)

Other dollar amounts

(Added Pub. L. 119–21, title VII, § 70421(d)(2)(A), July 4, 2025, 139 Stat. 230.)

cite as: 26 USC 6726