[Code of Federal Regulations]
[Title 27, Volume 1]
[Revised as of April 1, 2002]
From the U.S. Government Printing Office via GPO Access
[CITE: 27CFR179.50]

[Page 1211]
 
            TITLE 27--ALCOHOL, TOBACCO PRODUCTS AND FIREARMS
 
 CHAPTER I--BUREAU OF ALCOHOL, TOBACCO AND FIREARMS, DEPARTMENT OF THE 
                                TREASURY
 
PART 179--MACHINE GUNS, DESTRUCTIVE DEVICES, AND CERTAIN OTHER FIREARMS--Table of Contents
 
                 Subpart D--Special (Occupational) Taxes
 
Sec. 179.50  Delinquency.

    Any person liable for special (occupational) tax under section 5801, 
I.R.C., who fails to file a return (Form 5630.7), as prescribed, will be 
liable for a delinquency penalty computed on the amount of tax due 
unless a return (Form 5630.7) is later filed and failure to file the 
return timely is shown to the satisfaction of the regional director 
(compliance), to be due to reasonable cause. The delinquency penalty to 
be added to the tax is 5 percent if the failure is for not more than 1 
month, with an additional 5 percent for each additional month or 
fraction thereof during which failure continues, not to exceed 25 
percent in the aggregate (section 6651, I.R.C.). However, no delinquency 
penalty is assessed where the 50 percent addition to tax is assessed for 
fraud (see Sec. 179.51).

[36 FR 14256, Aug. 3, 1971. Redesignated at 40 FR 16835, Apr. 15, 1975, 
and amended by T.D. ATF-251, 52 FR 19334, May 22, 1987; T.D. ATF-363, 60 
FR 17453, Apr. 6, 1996]