California Revenue and Taxation Code

§ 19183

RTC § 19183 Effective Oct 1, 2025Div. 2 · Part 10.2 · Ch. 4 · Art. 7

Statute text

(a)(1) A penalty shall be imposed for failure to file correct information returns, as required by this part, and that penalty shall be determined in accordance with Section 6721 of the Internal Revenue Code, relating to failure to file correct information returns.

(2)Section 6721(e) of the Internal Revenue Code, relating to penalty in case of intentional disregard, is modified to the extent that the reference to Section 6041A(b) of the Internal Revenue Code, relating to direct sales of five thousand dollars ($5,000) or more, does not apply.

(b)(1) A penalty shall be imposed for failure to furnish correct payee statements as required by this part, and that penalty shall be determined in accordance with Section 6722 of the Internal Revenue Code, relating to failure to furnish correct payee statements.

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Legislative history

Amended by Stats. 2025, Ch. 231, Sec. 71. (SB 711) Effective October 1, 2025.