Failure by broker to provide notice to payors

26 U.S.C. § 6705
in effect
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(a) In generalAny 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 penaltiesAny penalty imposed by this section shall be in addition to any other penalty provided by law.
26 U.S.C. § 6705 — Failure by broker to provide notice to payors | United States Code | Corpus