§6039C. Returns with respect to foreign persons holding direct investments in United States real property interests — Inbound Citations

Citations to 26 U.S.C. § 6039C as a whole

• 22 U.S.C. § 3142(b)(6)

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  (6) the Department of the Treasury under section 6039C of title 26, but only to the extent that such information is in a form that cannot be associated with, or otherwise identify, directly or indirectly, a person, including any enterprise or establishment;
• 26 U.S.C. § 6652(f)(1)

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  (1) In the case of each failure to make a return required by section 6039C which contains the information required by such section on the date prescribed therefor (determined with regard to any extension of time for filing), unless it is shown that such failure is due to reasonable cause and not to willful neglect, the amount determined under paragraph (2) shall be paid (upon notice and demand by the Secretary and in the same manner as tax) by the person failing to make such return.
• 26 U.S.C. § 6652(f)(3)

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  (3) The amount determined under paragraph (2) with respect to any person for failing to meet the requirements of section 6039C for any calendar year shall not exceed the lesser of—

  (A) $25,000, or

  (B) 5 percent of the aggregate of the fair market value of the United States real property interests owned by such person at any time during such year.

  For purposes of the preceding sentence, fair market value shall be determined as of the end of the calendar year (or, in the case of any property disposed of during the calendar year, as of the date of such disposition).