Title 26 — Internal Revenue CodeRelease 119-73
§6705 Failure by broker to provide notice to payors
Title 26 › Subtitle Subtitle F— - Procedure and Administration › Chapter CHAPTER 68— - ADDITIONS TO THE TAX, ADDITIONAL AMOUNTS, AND ASSESSABLE PENALTIES › Subchapter Subchapter B— - Assessable Penalties › Part PART I— - GENERAL PROVISIONS › § 6705
Full Legal Text
Title 26, §6705
Internal Revenue Code — Source: USLM XML via OLRC
(a)Any person required under section 3406(d)(2)(B) to provide notice to any payor who willfully fails to provide such notice to such payor shall pay a penalty of $500 for each such failure.
(b)Any penalty imposed by this section shall be in addition to any other penalty provided by law.
Legislative History
Notes & Related Subsidiaries
Statutory Notes and Related Subsidiaries
Effective Date
Section effective with respect to payments made after Dec. 31, 1983, see section 110(a) of Pub. L. 98–67, set out as an
Effective Date
of 1983 Amendment note under section 31 of this title.
Reference
Citations & Metadata
Citation
26 U.S.C. § 6705
Title 26 — Internal Revenue Code
Last Updated
Apr 6, 2026
Release point: 119-73