§ 6705. Failure by broker to provide notice to payors

114 words·~1 min read·/usc/title-26/section-6705

A research copy — for the controlling text, always check the official state or federal source. Not legal advice.

(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.)

Connections1 cite this · traces to 1

Cited by 1 section

statutes-at-large

Public Law 98–67
To promote economic revitalization and facilitate expansion of economic opportunities in the Caribbean Basin region, to provide for backup withholding of tax from interest and dividends, and for other purposes

Traces to 1 document

U.S. Code

Tax withheld on wages
§ 31

3 references not yet in our index

Pub. L. 98–67, title I, § 104(c)(1)
97 Stat. 379
section 110(a) of Pub. L. 98–67

Citation graph

cites case law

§ 6705

Failure by broker to provide notice to payors

Stat.×1

U.S.C.§ 31

Pub. L.Pub. L. 98–67, title I, § 104(c)(1)

Stat.97 Stat. 379

Pub. L.section 110(a) of Pub. L. 98–67

Cites 4Cited by 1 across 1 source