Utah Code 59-1-1304. Penalty for taxpayer failure to disclose a reportable transaction
Current as of: 2024 | Check for updates
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(1)
(1)(a) Except as provided in Subsection (1)(b) , a taxpayer that fails to disclose a reportable transaction as required by Section 59-1-1303 is subject to a penalty of $15,000.
(1)(b) A taxpayer that fails to disclose a listed transaction as required by Section 59-1-1303 is subject to a penalty of $30,000.
(2) A penalty imposed by this section is in addition to any other penalty imposed by this title.