H.R. 6627 — A bill to amend the Internal Revenue Code of 1954 to apply the civil fraud penalty only to that portion of an underpayment which is attributable to fraud.

Summary

Amends the Internal Revenue Code to base the civil penalty for tax fraud on only the portion of the underpayment which is due to fraud rather than on the entire underpayment.

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Related Legislation

S. 1594A bill to amend the Internal Revenue Code of 1954 to apply the civil fraud penalty only to that portion of an underpayment which is attributable to fraud.
1981-11-06Subcommittee on Taxation and Debt Management. Hearings held.
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Legislative Actions

1982-06-17
Introduced in House
1982-06-17
Introduced in House
1982-06-17
Referred to House Committee on Ways and Means.

A bill to amend the Internal Revenue Code of 1954 to apply the civil fraud penalty only to that portion of an underpayment which is attributable to fraud.

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