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

Verified against govinfo.gov as of June 20, 2026View official text on govinfo.gov ↗
  1. (a)In generalAny 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.
  2. (b)Penalty in addition to other penaltiesAny penalty imposed by this section shall be in addition to any other penalty provided by law.