FEDERAL · 26 U.S.C. · Chapter 68
Failure by broker to provide notice to payors
Current through Pub. L. 119-102
Title 26 — Internal Revenue Code·Ch. 68 — ADDITIONS TO THE TAX, ADDITIONAL AMOUNTS, AND ASSESSABLE PENALTIES·Subch. B·Pt. I
(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.
Free access — add to your briefcase to read the full text and ask questions with AI
26 U.S.C. § 6705 (Failure by broker to provide notice to payors) — published by Counsel Stack Legal Research, free access to 12M+ legal documents.
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.