{"data":{"id":"us-ut/utah-code-59-1-1304","jurisdiction":"us-ut","citation":"Utah Code § 59-1-1304","heading":"Penalty for taxpayer failure to disclose a reportable transaction.","body":"(1)\n(a) Except as provided in Subsection (1)(b), a taxpayer that fails to disclose a reportable transaction as required by Section 59-1-1303 is subject to a penalty of $15,000.\n(b) A taxpayer that fails to disclose a listed transaction as required by Section 59-1-1303 is subject to a penalty of $30,000.\n(2) A penalty imposed by this section is in addition to any other penalty imposed by this title.","path":["Title 59 Revenue and Taxation","Chapter 59-1 General Taxation Policies","Part 59-1-13 Reportable Transactions Act"],"source_url":"https://le.utah.gov/xcode/Title59/Chapter1/59-1-S1304.html","current_through":"2026 General Session","vintage":"","retrieved_at":"2026-09-03T11:34:33Z","sha256":"fa2f08366c03dda67765d29dd2e92a6e364f19d64d6829f0223e5303f221c0d8","source_id":"us-ut","stale":false,"prev":"us-ut/utah-code-59-1-1303","next":"us-ut/utah-code-59-1-1305"},"notice":"GroundRules: Original legal text. Not legal advice."}