Statute · United States Code

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

26 U.S.C. § 6705

Type: Statute
Source: United States Code
Jurisdiction: Federal
Date: 2025-01-06
Topic: capital-markets-and-corporate-governance

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. Any penalty imposed by this section shall be in addition to any other penalty provided by law.

Citator

26 U.S.C. § 6705 — Failure by broker to provide notice to payors is in force in the current edition of the Code, and nothing recorded condemns it.

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. Any penalty imposed by this section shall be in addition to any other penalty provided by law.