H.R. 6266 would amend the Internal Revenue Code of 1986 to allow the Secretary of the Treasury to waive the penalties for failure to disclose reportable transactions.

== Detailed Summary ==

<summary>
(Log inAmends the Internal Revenue Code to modify provisions relating to edit the wiki and bewaiver of penalties for failure to disclose reportable transactions (i.e., transactions which have a potential for tax avoidance or evasion) to grant authority to the firstSecretary of the Treasury (instead of the Commissioner of Internal Revenue) to providerescind or waive all or a detailed summaryportion of such penalties and to allow a waiver if there was reasonable cause for the bill!)failure to disclose such transactions and the taxpayer acted in good faith.
</summary>

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== Status of the Legislation ==

<status>
(Log inLatest Major Action: 6/12/2008: Referred to House committee. Status: Referred to edit the wikiHouse Committee on Ways and be the first to update the status of the bill!)Means.
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== Points in Favor ==

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== Points Against ==

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