26 U.S.C. § 6705 | Failure by broker to provide notice to payors

(a)

In general

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)

Penalty in addition to other penalties

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

Pub. L. 98–67, title I, § 104(c)(1)Aug. 5, 198397 Stat. 379 (Added , , .)

Statutory Notes and Related Subsidiaries

Effective Date

Dec. 31, 1983section 110(a) of Pub. L. 98–67 section 31 of this titleSection effective with respect to payments made after , see , set out as an Effective Date of 1983 Amendment note under .