§ 4962. Abatement of first tier taxes in certain cases

• (a) If it is established to the satisfaction of the Secretary that—
  • (1) a taxable event was due to reasonable cause and not to willful neglect, and
  • (2) such event was corrected within the correction period for such event,
• (b) For purposes of this section, the term “qualified first tier tax” means any first tier tax imposed by subchapter A, C, D, or G of this chapter, except that such term shall not include the tax imposed by section 4941(a) (relating to initial tax on self-dealing).
• (c) In the case of the tax imposed by section 4955(a), subsection (a)(1) shall be applied by substituting “not willful and flagrant” for “due to reasonable cause and not to willful neglect”.