26 USC § 6705 - Failure by broker to provide notice to payors

---
identifier: "/us/usc/t26/s6705"
source: "usc"
legal_status: "official_prima_facie"
title: "26 USC § 6705 - Failure by broker to provide notice to payors"
title_number: 26
title_name: "INTERNAL REVENUE CODE"
section_number: "6705"
section_name: "Failure by broker to provide notice to payors"
chapter_number: 68
chapter_name: "ADDITIONS TO THE TAX, ADDITIONAL AMOUNTS, AND ASSESSABLE PENALTIES"
subchapter_number: "B"
subchapter_name: "Assessable Penalties"
part_number: "I"
part_name: "GENERAL PROVISIONS"
positive_law: false
currency: "119-84"
last_updated: "2026-04-17"
format_version: "1.1.0"
generator: "[email protected]"
source_credit: "(Added Pub. L. 98–67, title I, § 104(c)(1), Aug. 5, 1983, 97 Stat. 379.)"
---


# § 6705. Failure by broker to provide notice to payors

**(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.

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

## Statutory Notes and Related Subsidiaries

### Effective Date

Section effective with respect to payments made after , see , set out as an Effective Date of 1983 Amendment note under .