If any instrument in payment, by any commercially acceptable means, of any amount receivable under this title is not duly paid, in addition to any other penalties provided by law, there shall be paid as a penalty by the person who tendered such instrument, upon notice and demand by the Secretary, in the same manner as tax, an amount equal to 2 percent of the amount of such instrument, except that if the amount of such instrument is less than $1,250, the penalty under this section shall be $25 or the amount of such instrument, whichever is the lesser. This section shall not apply if the person tendered such instrument in good faith and with reasonable cause to believe that it would be duly paid.
Structure US Code
Title 26— INTERNAL REVENUE CODE
Subtitle F— Procedure and Administration
CHAPTER 68— ADDITIONS TO THE TAX, ADDITIONAL AMOUNTS, AND ASSESSABLE PENALTIES
Subchapter A— Additions to the Tax and Additional Amounts
§ 6651. Failure to file tax return or to pay tax
§ 6652. Failure to file certain information returns, registration statements, etc.
§ 6653. Failure to pay stamp tax
§ 6654. Failure by individual to pay estimated income tax
§ 6655. Failure by corporation to pay estimated income tax
§ 6656. Failure to make deposit of taxes