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

submitted 43 years ago by Pub. L. 98-67 to r/title-26-INTERNAL-REVENUE-CODE · 59 words · no verdicts yet

in plain englishAI-generated · not legal advice

This section provides a rule concerning the penalty addressed by this chapter. The rule applies as stated in the section.

(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 must pay a penalty of $500 for each such failure. (b) Penalty in addition to other penalties Any penalty imposed by this section must be in addition to any other penalty provided by law.
the actual law source: uscode.house.gov ↗public domain
(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.

Source credit: (Added Pub. L. 98–67, title I, § 104(c)(1), Aug. 5, 1983, 97 Stat. 379.)

history & why it existsrecord from the source credit
  • 1983Enacted · Pub. L. 98-67 · 97 Stat. 379

A history note hasn’t been published yet. The record shows enactment by Pub. L. 98-67 on 1983-08-05.

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