FEDERAL · 26 U.S.C. · Chapter Subchapter B—Assessable Penalties
Failure by broker to provide notice to payors
26 U.S.C. § 6705
This text of 26 U.S.C. § 6705 (Failure by broker to provide notice to payors) is published on Counsel Stack Legal Research, covering United States primary law. Counsel Stack provides free access to over 12 million legal documents including statutes, case law, regulations, and constitutions.
Bluebook
26 U.S.C. § 6705.
Text
(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.
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Related
Spriggs v. United States
660 F. Supp. 789 (E.D. Virginia, 1987)
Hersch v. United States
685 F. Supp. 325 (E.D. New York, 1988)
Source Credit
History
(Added Pub. L. 98–67, title I, §104(c)(1), Aug. 5, 1983, 97 Stat. 379.)
Editorial Notes
Statutory Notes and Related Subsidiaries
Effective Date
Section effective with respect to payments made after Dec. 31, 1983, see section 110(a) of Pub. L. 98–67, set out as an Effective Date of 1983 Amendment note under section 31 of this title.
Effective Date
Section effective with respect to payments made after Dec. 31, 1983, see section 110(a) of Pub. L. 98–67, set out as an Effective Date of 1983 Amendment note under section 31 of this title.
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Bluebook (online)
26 U.S.C. § 6705, Counsel Stack Legal Research, https://law.counselstack.com/usc/26/6705.