26 U.S.C. § 6705

Section 6705 · Failure by broker to provide notice to payors

Amended 1 time on record

Applied in 2 court decisions — leading case 660 F. Supp. 789 - Spriggs v. United States (1987)

Most recently applied in Hersch v. United States (March 1988)

(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.

Editorial notes U.S. Code · Office of the Law Revision Counsel

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.