[Code of Federal Regulations]
[Title 26, Volume 18]
[Revised as of April 1, 2004]
From the U.S. Government Printing Office via GPO Access
[CITE: 26CFR301.6685-1]

[Page 422-423]
 
                       TITLE 26--INTERNAL REVENUE
 
    CHAPTER I--INTERNAL REVENUE SERVICE, DEPARTMENT OF THE TREASURY 
                               (CONTINUED)
 
PART 301_PROCEDURE AND ADMINISTRATION--Table of Contents
 
   Additions to the Tax, Additional Amounts, and Assessable Penalties
 
Sec. 301.6685-1  Assessable penalties with respect to private foundations' 
failure to comply with section 6104(d).

    (a) In general. In addition to the penalty imposed by section 7207, 
relating to fraudulent returns, statements, or other documents, any 
person (as defined in paragraph (b) of this section) who is required to 
comply with the requirements of section 6104(d), relating to public 
inspection of private foundations' annual returns, and who fails so to 
comply, if such failure is willful,

[[Page 423]]

shall pay a penalty of $1,000 with respect to each such return with 
respect to which there is a failure so to comply.
    (b) Person. For purposes of this section, the term ``person'' means 
any officer, director, trustee, employee, member, or other individual 
whose duty it is to perform the act in respect of which the failure 
occurs.
    (c) Effective date. This section shall take effect on January 1, 
1970.
    (d) Cross reference. For the amount imposed for failure to comply 
with section 6104(d), see paragraph (c) of Sec. 301.6652-2.

[T.D. 7127, 36 FR 11505, June 15, 1971, as amended by T.D. 8026, 50 FR 
20758, May 20, 1985]