# § 4962. Abatement of first tier taxes in certain cases
**(a)** **General rule** If it is established to the satisfaction of the Secretary that—
then any qualified first tier tax imposed with respect to such event (including interest) shall not be assessed and, if assessed, the assessment shall be abated and, if collected, shall be credited or refunded as an overpayment.
**(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)** **Qualified first tier tax** 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)** **Special rule for tax on political expenditures of section 501(c)(3) organizations** 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”.
---
**Source Credit**: (Added Pub. L. 98–369, div. A, title III, § 305(a), July 18, 1984, 98 Stat. 783; amended Pub. L. 100–203, title X, § 10712(b)(1), (2), (4), Dec. 22, 1987, 101 Stat. 1330–467; Pub. L. 105–34, title XVI, § 1603(a), Aug. 5, 1997, 111 Stat. 1096; Pub. L. 110–172, § 3(h), Dec. 29, 2007, 121 Stat. 2475.)
## Editorial Notes
### Prior Provisions
A prior section 4962 was renumbered .
### Amendments
2007—Subsec. (b). substituted “D, or G” for “or D”.
1997—Subsec. (b). substituted “subchapter A, C, or D” for “subchapter A or C”.
1987—, struck out “private foundation” before “first tier taxes” in section catchline.
Subsec. (a). , substituted “any qualified first tier tax” for “any private foundation first tier tax” in closing provisions.
Subsec. (b). , added subsec. (b) and struck out former subsec. (b) “Private foundation first tier tax” which read as follows: “For purposes of this section, the term ‘private foundation first tier tax’ means any first tier tax imposed by subchapter A of chapter 42, except that such term shall not include the tax imposed by section 4941(a) (relating to initial tax on self-dealing).”
Subsec. (c). , added subsec. (c).
## Statutory Notes and Related Subsidiaries
### Effective Date of 2007 Amendment
Amendment by effective as if included in the provisions of the Pension Protection Act of 2006, , to which such amendment relates, see , set out as a note under .
### Effective Date of 1997 Amendment
> “The amendments made by this section [amending this section and
>
> ] shall take effect as if included in the provisions of the Taxpayer Bill of Rights 2 [
>
> ] to which such amendments relate.”
, , , provided that:
### Effective Date of 1987 Amendment
Amendment by applicable to taxable years beginning after , see , set out as an Effective Date note under .
### Effective Date
> “The amendments made by this section [enacting this section, redesignating former section 4962 as 4963, and amending sections 4942, 6213, and 6503 of this title] shall apply to taxable events occurring after
>
> .”
, , , provided that: