PUBLIC LAW 98-67—AUG. 5, 1983 97 STAT. 381 (A) Subsection (a) of section 6652 (relating to returns 96 Stat. 605. relating to information at source, payments of dividends, ^^ ^^ ^^^^ etc., and certain transfers of stock) is amended by redes- ignating paragraph (2) as paragraph (3) and by inserting after pars^aph (1) the following new paragraph: "(2) FAILURE TO FILE RETURNS ON INTEREST, DIVIDENDS, AND PATRONAGE DIVIDENDS. — "(A) IN GENERAL. —In the case of each failure to file a statement of the amount of payments to another person required by— " (i) section 6042(a)(l) (relating to payments of dividends), " (ii) section 6044(a)(1) (relating to payments of 96 Stat. 587. patronage dividends), or ^6 USC 6044. "(iii) section 6049(a) (relating to payments of interest), Ante, p. 370. on the date prescribed therefor (determined with regard to any extension of time for filing), there shall be paid by the person failing to file such statement a penalty of $50 for each such failure unless it is shown that such person exer- cised due diligence in attempting to satisfy the requirement with respect to such statement. "(B) SELF-ASSESSMENT.—Any penalty imposed under sub- paragraph (A) on any person— "(i) for purposes of this subtitle, shall be treated as an excise tax imposed by subtitle D, and 26 USC 404i. "(ii) shall be due and payable on April 1 of the calendar year following the calendar year for which such statement is required. "(C) DEFICIENCY PROCEDURES NOT TO APPLY. — Subchapter B of chapter 63 (relating to deficiency procedures for 26 USC 6211. income, estate, gift, and certain excise taxes) shall not apply in respect of the assessment or collection of any penalty imposed by subparagraph (A)." (B) Subparagraph (A) of section 6652(a)(l) is amended— (i) by striking out clauses (ii), (iii), and (iv) and by redesignating clauses (v) and (vi) as clauses (ii) and (iii), rGSOGCtivftlv d.nci (ii) by striking out "6042(e), 6044(f), 6049(e), or" in clause (iii), as so redesignated. (C) Paragraph (3) of section 6652(a) (as redesignated by sul}paragraph (A)) is amended by striking out "paragraph Supra. (1)" in the matter preceding subparagraph (A) and in sub- paragraph (A) and inserting in lieu thereof "paragraph (1) or (2)". (2) SECTION 6678. — Section 6678 (relating to failure to furnish 26 USC 6678. certain statements) is amended— (A) by inserting "(a) IN GENERAL. — " before "In the case r» f" (B) by striking out "6042(c), 6044(e), 6045(b), 6049(c), " in paragraph (1) and inserting in lieu thereof "6045(b),", (C) by striking out "6042(a)(1), 6044(a)(1), 6045(a), 6049(a)," in paragraph (1) and inserting in lieu thereof "6045(a),", and (D) by adding at the end thereof the following new subsection:
- (b) FAILURE TO FILE INTEREST AND DIVIDEND STATEMENTS.—
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