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(2) for persons with average annual gross receipts for the most recent 3 taxable years of $5,000,000 or less, for failure to furnish correct payee statements: Scenario Penalty Per Statement Calendar Year Maximum General Rule (§ 6722(d)(1)(A)) $340 $1,397,000 Corrected on or before 30 days after required furnishing date (§ 6722(d)(1)(B)) $60 $244,500 Corrected after 30th day but on or before August 1, 2026 (§ 6722(d)(1)(C)) $130 $698,500

(3) for failure to furnish correct payee statements due to intentional disregard of the requirement to furnish a payee statement (or the correct information reporting requirement): Scenario Penalty Per Statement Calendar Year Maximum Payee statement other than a statement required under §§ 6045(b), 6041A(e) (in respect of a return required under §§ 6041A(b)), 6050H(d), 6050J(e), 6050K(b), or 6050L(c) (§ 6722(e)(2)(A)) Greater of (i) $690, or (ii) 10% of aggregate amount of items required to be reported correctly No limit Payee statement required under §§ 6045(b), 6050K(b), or 6050L(c) (§ 6722(e)(2)(B)) Greater of (i) $690, or (ii) 5% of aggregate amount of items required to be reported correctly

No limit

.59 Failure to Comply with Information Reporting Requirements Relating to Qualified Opportunity Funds and Qualified Rural Opportunity Funds. In the case of any return required to be filed in 2027, the penalty amount under § 6726 for failure to file a return in the time and manner prescribed for a qualified opportunity fund or qualified rural