[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: 27CFR179.51]

[Page 1211-1212]
 
            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. 179.51  Fraudulent return.

    If any part of any underpayment of tax required to be shown on a 
return is due to fraud, there shall be added to

[[Page 1212]]

the tax an amount equal to 50 percent of the underpayment, but no 
delinquency penalty shall be assessed with respect to the same 
underpayment (section 6653, I.R.C.).

                        Application of State Laws