{"identifier":"/us/usc/t26/s6659","title":26,"num":"\u00a7\u202f6659.","heading":"Improper claim for Trump account contribution pilot program credit","text":"\u00a7\u202f6659.\nImproper claim for Trump account contribution pilot program credit\n(a)\nIn general\nIn the case of any individual who makes an election under section 6434 with respect to an individual who is not an eligible child of the taxpayer\u2014\n(1) if such election was made due to negligence or disregard of the rules or regulations, there shall be imposed a penalty of $500, or\n(2) if such election was made due to fraud, there shall be imposed a penalty of $1,000.\n(b)\nDefinitions\n(1)\nEligible child\nThe term \u201celigible child\u201d has the meaning given such term under section 6434.\n(2)\nNegligence; disregard\nThe terms \u201cnegligence\u201d and \u201cdisregard\u201d have the same meaning as when such terms are used in section 6662.","url":"https://projectusc.org/usc/t26/s6659.html","content":[{"t":"sec","id":"/us/usc/t26/s6659","children":[{"t":"num","text":"\u00a7\u202f6659."},{"t":"heading","text":"Improper claim for Trump account contribution pilot program credit"},{"t":"subsec","id":"/us/usc/t26/s6659/a","children":[{"t":"num","text":"(a)"},{"t":"heading","text":"In general"},{"t":"chapeau","text":"In the case of any individual who makes an election under section 6434 with respect to an individual who is not an eligible child of the taxpayer\u2014"},{"t":"para","id":"/us/usc/t26/s6659/a/1","children":[{"t":"num","text":"(1)"},{"t":"content","text":" if such election was made due to negligence or disregard of the rules or regulations, there shall be imposed a penalty of $500, or","tail":"\n"}],"tail":"\n"},{"t":"para","id":"/us/usc/t26/s6659/a/2","children":[{"t":"num","text":"(2)"},{"t":"content","text":" if such election was made due to fraud, there shall be imposed a penalty of $1,000.","tail":"\n"}],"tail":"\n"}],"tail":"\n"},{"t":"subsec","id":"/us/usc/t26/s6659/b","children":[{"t":"num","text":"(b)"},{"t":"heading","text":"Definitions"},{"t":"para","id":"/us/usc/t26/s6659/b/1","children":[{"t":"num","text":"(1)"},{"t":"heading","text":"Eligible child"},{"t":"content","children":[{"t":"p","text":"The term \u201celigible child\u201d has the meaning given such term under section 6434.","tail":"\n"}],"tail":"\n"}],"tail":"\n"},{"t":"para","id":"/us/usc/t26/s6659/b/2","children":[{"t":"num","text":"(2)"},{"t":"heading","text":"Negligence; disregard"},{"t":"content","children":[{"t":"p","text":"The terms \u201cnegligence\u201d and \u201cdisregard\u201d have the same meaning as when such terms are used in section 6662.","tail":"\n"}],"tail":"\n"}],"tail":"\n"}],"tail":"\n"},{"t":"text","text":"\n"},{"t":"text","text":"\n"}]}]}