§6705 — Failure by broker to provide notice to payors
1 cases·1 distinguished
Statute Text — 26 U.S.C. §6705
(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.