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

Source: OLRC release point 119-134 <https://uscode.house.gov/us/usc/119-134/t26/s6705>. Cite pinpoints as 26 U.S.C. § 6705(a)(1).

## § 6705(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.

## § 6705(b) Penalty in addition to other penalties

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

## Connections

Cites: § 3406 Backup withholding

Cited by: none

## Amendments

- 1983-08-05: [Pub. L. 98-67](/26/act/98-67.md), 97 Stat. 379