((a)) ** General rule** 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)) ** 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”.