- (a) An income tax return preparer who is subject to § 10-824 of this article and who fails to file a return as required in § 10-824 of this article shall pay a penalty of $50 for that failure, unless it is shown that the failure is due to reasonable cause and is not due to willful neglect.
- (b) The total amount of the penalties assessed under subsection (a) of this section may not exceed $500 for all returns filed by an income tax return preparer for any taxable year.
Added by Acts 2009, c. 422, § 1, eff. July 1, 2009.