26 U.S. Code § 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.


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

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

The table below lists the classification updates, since Jan. 3, 2012, for this section. Updates to a broader range of sections may be found at the update page for containing chapter, title, etc.

The most recent Classification Table update that we have noticed was Tuesday, August 13, 2013

An empty table indicates that we see no relevant changes listed in the classification tables. If you suspect that our system may be missing something, please double-check with the Office of the Law Revision Counsel.

26 USCDescription of ChangeSession YearPublic LawStatutes at Large


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