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IRC Section 6653 Failure to Pay Stamp Tax

IRC 6653 provides for a penalty for a willful failure to pay any tax imposed that is payable by stamp, coupons, tickets, books, or other devices or methods prescribed by regulations, or a willful attempt to evade or defeat the stamp tax.

IRC 6653 formerly was for additions to tax for negligence and fraud.

The penalty is administered by the Alcohol and Tobacco Tax and Trade Bureau (TTB).

Penalty Computation

The penalty is 50% of the total amount of the underpayment of the tax for each failure to pay any tax that is payable by stamp, coupons, tickets, books, or other devices or methods.

Penalty Relief

If taxpayers want to contest the penalty assessment, they must fully pay the entire penalty and then file a claim for refund with the IRS.