Current through Pub. L. 119-100Open in workspace

§ 6705 Failure by broker to provide notice to payors

(a) In general

Any person required under section 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) Penalty in addition to other penalties

Any penalty imposed by this section shall be in addition to any other penalty provided by law.

(Added Pub. L. 98–67, title I, § 104(c)(1), Aug. 5, 1983, 97 Stat. 379.)

Operative text only. Editorial notes, amendment history, and effective dates: official OLRC text of § 6705

Source: decipher.legal/usc/26/6705 · Internal Revenue Code, current through Pub. L. 119-100 (OLRC XML of 2026-04-17)