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HR 2143 111th Congress House

To amend the Internal Revenue Code of 1986 to allow the Secretary of the Treasury to not impose a penalty for failure to disclose reportable transactions when there is reasonable cause for such…

Official title: To amend the Internal Revenue Code of 1986 to allow the Secretary of the Treasury to not impose a penalty for failure to disclose reportable transactions when … Show full official titleShow less

Official title: To amend the Internal Revenue Code of 1986 to allow the Secretary of the Treasury to not impose a penalty for failure to disclose reportable transactions when there is reasonable cause for such failure, to modify such penalty, and for other purposes.

Introduced: July 30, 2009 See on congress.gov
Taxation Tax administration and collection, taxpayers
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This bill died when the 111th Congress ended
It never became law before the 111th Congress (2009–2010) adjourned, and bills don't carry over to the next Congress. It would have to be reintroduced. You can still save it for reference, but it won't receive updates.
 Everywhere this bill has been 2 steps
Introduced
In committee
Reported out
Passed House
Passed Senate
To President
Became law
Apr 28, 2009
Referred to the House Committee on Ways and Means.
Apr 28, 2009
Introduced in House
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 Latest action April 28, 2009

Referred to the House Committee on Ways and Means.

 Plain-English summary Congressional Research Service

Amends the Internal Revenue Code to: (1) allow a waiver of the penalty for failure to disclose reportable transactions (i.e., transactions which have a potential for tax avoidance or evasion) if such failure is due to reasonable cause and not due to willful neglect; (2) revise the amount of the penalty for such failure; and (3) limit the imposition of such penalty to the taxpayer (currently, any person).

Reaffirms the authority of the Commissioner of Internal Revenue to rescind all or any portion of the penalty for failure to furnish information regarding reportable transactions.

 Related & companion bills 1
  • S 765 Identical bill A bill to amend the Internal Revenue Code of 1986 to allow the Secretary of the Treasury to not impose a penalty for fa…
 Bill text 1 version

Source documents hosted by congress.gov.

 Committees of jurisdiction 1
 Cosponsors 5
All 5 Democratic 2 Republican 3
D
Baldwin, Tammy
Wisconsin · Jul 20, 2010
 R
Smith, Adrian
Nebraska · Nov 19, 2009
 D
Quigley, Mike
Illinois · Jul 30, 2009
 R
Boozman, John
Arkansas · May 19, 2009
 R
Moran, Jerry
Kansas · Apr 28, 2009
Cite this page click to expand
APA
U.S. Congress. (2026). H.R. 2143: To amend the Internal Revenue Code of 1986 to allow the Secretary of the Treasury to not impose a penalty for failure to disclose reportable transactions when there is reasonable cause for such failure, to modify such penalty, and for other purposes.. 111th Congress. Open America. https://openamerica.io/bill/111-HR-2143/
MLA
"H.R. 2143: To amend the Internal Revenue Code of 1986 to allow the Secretary of the Treasury to not impose a penalty for failure to disclose reportable transactions when there is reasonable cause for such failure, to modify such penalty, and for other purposes.." 111th Congress, 2026, Open America, https://openamerica.io/bill/111-HR-2143/.
Bluebook (legal)
H.R. 2143, 111th Cong. (2026), https://openamerica.io/bill/111-HR-2143/.
Markdown link
[H.R. 2143: To amend the Internal Revenue Code of 1986 to allow the Secretary of the Treasury to not impose a penalty for failure to disclose reportable transactions when there is reasonable cause for such failure, to modify such penalty, and for other purposes.](https://openamerica.io/bill/111-HR-2143/)
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