26 U.S.C. § 6705 - Failure by Broker to Provide Notice to Payors

Current as of April 17, 2026
§ 6705. - Failure by Broker to Provide Notice to Payors
§ 6704. - Failure to Keep Records Necessary to Meet Reporting Requirements Under Section 6047(d)§ 6706. - Original Issue Discount Information Requirements

(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.

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

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