[Code of Federal Regulations]
[Title 26, Volume 17]
[Revised as of April 1, 2004]
From the U.S. Government Printing Office via GPO Access
[CITE: 26CFR53.6651-1]

[Page 245]
 
                       TITLE 26--INTERNAL REVENUE
 
    CHAPTER I--INTERNAL REVENUE SERVICE, DEPARTMENT OF THE TREASURY 
                               (CONTINUED)
 
PART 53_FOUNDATION AND SIMILAR EXCISE TAXES--Table of Contents
 
                 Subpart L_Procedure and Administration
 
Sec. 53.6651-1  Failure to file tax return or to pay tax.

    (a) General rules. For general rules relating to the failure to file 
tax return or to pay tax, see the regulations under section 6651 
contained in part 301 of this chapter (Regulations on Procedure and 
Administration).
    (b) Special rule where foundation files return. (1) Except as 
provided in paragraph (b)(2) of this section, in the case of tax imposed 
by section 4941(a)(1) on any disqualified person, reasonable cause shall 
be presumed, for purposes of section 6651(a)(1), where the private 
foundation or trust described in section 4947(a)(2) files a return in 
good faith and such return indicates no tax liability with respect to 
such tax on the part of such disqualified person.
    (2) Paragraph (b)(1) of this section shall not apply where the 
disqualified person knew of facts which, if known by the foundation, 
would have precluded the foundation from making the return, as filed, in 
good faith.