(a) The penalties established under subsection (b) shall apply when there is failure to file on the prescribed date (taking any extensions granted into account) or failure to file in such way and manner as prescribed by the Secretary, including filing through electronic means when so required:(1) A return on the total amount paid to another person, as required under §§ 30271(n)(2), 30278, 30281, 30291(a), 30293, 30294, 30295(a), 30302, and 30303, all of this title;(2) the returns required under §§ 30245 and 30250 of this title;(3) the return required in § 30271(j) of this title;(4) the annual reconciliation return required under §§ 30271(n)(1), 30273(h), and 30300 of this title;(5) the information statement related to payments subject to withholding required in §§ 30272 and 30273 of this title;(6) the information on transactions with financial businesses required in § 30292 of this title;(7) the declarations required from securities brokers or traders under § 30296 of this title;(8) the information return on the plotting, merger, or transfer of real property required under § 2022 of Title 4, known as the 'Puerto Rico Notarial Act' or,(9) any other information return required by §§

e information return on the plotting, merger, or transfer of real property required under § 2022 of Title 4, known as the 'Puerto Rico Notarial Act' or,(9) any other information return required by §§ 30041 et seq. of this title that is not included in clauses (1) through (8) of this subsection.(b) Unless it is shown that such omission is due to a reasonable cause, the person who failed to file in such way and manner as prescribed by the Secretary, or who failed to file at all such statements, tax returns, or the annual reconciliation statement described in subsection (a), shall pay, upon notice and demand from the Secretary and in the same manner as taxes, the following penalties:(1) For every return required under §§ 30271(n)(2), 30278, 30281, 30291(a), 30292, 30293, 30294, 30295(a), 30296, 30302, and 30303, all of this title, five hundred dollars ($500);(2) For each return required under § 30271(j) of this title that is not filed, five hundred dollars ($500);(3) For each annual reconciliation return required under §§ 30271(n)(1), 30273(h), and 30300 of this title, five hundred dollars ($500);(4) For each annual return required under §§ 30245 and 30250 of this title, five hundred

ciliation return required under §§ 30271(n)(1), 30273(h), and 30300 of this title, five hundred dollars ($500);(4) For each annual return required under §§ 30245 and 30250 of this title, five hundred dollars ($500);(5) For each information return required under § 2022 of Title 4, five hundred dollars ($500); and(6) For any other information return required by §§ 30041 et seq. of this title, that is not included in clauses (1) through (5) of this subsection, five hundred dollars ($500). History —Jan. 31, 2011, No. 1, § 6041.11, retroactive to Jan. 1, 2011; Dec. 10, 2011, No. 232, § 162.