Source: http://www.law.cornell.edu/uscode/text/26/6041?qt-us_code_tabs=0
Timestamp: 2014-07-26 10:11:24
Document Index: 58855778

Matched Legal Cases: ['§ 6041', '§ 6041', '§ 6041', '§ 19', '§ 1906', '§ 501', '§ 723', '§ 309', '§ 722', '§ 1501', '§ 1201', '§ 1203', '§ 885', '§ 9006', '§ 2101', '§ 2', '§ 2', '§ 3', '§ 2', '§ 9006', '§ 9006', '§ 9006', '§ 1523', '§ 1501', '§ 19', '§ 19', '§ 2', '§ 3', '§ 2101', '§ 9006', '§ 1203', '§ 1201', '§ 401', '§ 2211', '§ 2']

26 U.S. Code § 6041 - Information at source | LII / Legal Information Institute
U.S. Code › Title 26 › Subtitle F › Chapter 61 › Subchapter A › Part III › Subpart B › § 6041 26 U.S. Code § 6041 - Information at source
Payments of $600 or more All persons engaged in a trade or business and making payment in the course of such trade or business to another person, of rent, salaries, wages, premiums, annuities, compensations, remunerations, emoluments, or other fixed or determinable gains, profits, and income (other than payments to which section 6042
(a)(1), 6044
(a)(1), 6047
(e), 6049
(a), or 6050N
(a) applies, and other than payments with respect to which a statement is required under the authority of section 6042
(a)(2), or 6045), of $600 or more in any taxable year, or, in the case of such payments made by the United States, the officers or employees of the United States having information as to such payments and required to make returns in regard thereto by the regulations hereinafter provided for, shall render a true and accurate return to the Secretary, under such regulations and in such form and manner and to such extent as may be prescribed by the Secretary, setting forth the amount of such gains, profits, and income, and the name and address of the recipient of such payment.
Collection of foreign items In the case of collections of items (not payable in the United States) of interest upon the bonds of foreign countries and interest upon the bonds of and dividends from foreign corporations by any person undertaking as a matter of business or for profit the collection of foreign payments of such interest or dividends by means of coupons, checks, or bills of exchange, such person shall make a return according to the forms or regulations prescribed by the Secretary, setting forth the amount paid and the name and address of the recipient of each such payment.
Recipient to furnish name and address When necessary to make effective the provisions of this section, the name and address of the recipient of income shall be furnished upon demand of the person paying the income.
Statements to be furnished to persons with respect to whom information is required Every person required to make a return under subsection (a) shall furnish to each person with respect to whom such a return is required a written statement showing—
Section does not apply to certain tips This section shall not apply to tips with respect to which section 6053
(a) (relating to reporting of tips) applies.
Section does not apply to certain health arrangements This section shall not apply to any payment for medical care (as defined in section 213
(d)) made under—
a flexible spending arrangement (as defined in section 106
(c)(2)), or
Nonqualified deferred compensation Subsection (a) shall apply to—
any deferrals for the year under a nonqualified deferred compensation plan (within the meaning of section 409A
(d)), whether or not paid, except that this paragraph shall not apply to deferrals which are required to be reported under section 6051
(a)(13) (without regard to any de minimis exception), and
any amount includible under section 409A and which is not treated as wages under section 3401
(Aug. 16, 1954, ch. 736, 68A Stat. 745; Pub. L. 87–834, § 19(f),Oct. 16, 1962, 76 Stat. 1058; Pub. L. 94–455, title XIX, § 1906(b)(13)(A),Oct. 4, 1976, 90 Stat. 1834; Pub. L. 95–600, title V, § 501(b),Nov. 6, 1978, 92 Stat. 2878; Pub. L. 97–34, title VII, § 723(b)(1),Aug. 13, 1981, 95 Stat. 344; Pub. L. 97–248, title III, § 309(b)(1),Sept. 3, 1982, 96 Stat. 595; Pub. L. 98–369, div. A, title VII, § 722(h)(4)(B),July 18, 1984, 98 Stat. 976; Pub. L. 99–514, title XV, §§ 1501(c)(1), 1523(b)(2),Oct. 22, 1986, 100 Stat. 2736, 2748; Pub. L. 104–168, title XII, § 1201(a)(1),July 30, 1996, 110 Stat. 1469; Pub. L. 108–173, title XII, § 1203(a),Dec. 8, 2003, 117 Stat. 2480; Pub. L. 108–357, title VIII, § 885(b)(3),Oct. 22, 2004, 118 Stat. 1640; Pub. L. 111–148, title IX, § 9006(a), (b),Mar. 23, 2010, 124 Stat. 855; Pub. L. 111–240, title II, § 2101(a),Sept. 27, 2010, 124 Stat. 2561; Pub. L. 112–9, §§ 2(a), (b), 3
(a),Apr. 14, 2011, 125 Stat. 36.)
2011—Subsec. (a). Pub. L. 112–9, § 2(b), struck out “amounts in consideration for property,” after “salaries, wages,”, “gross proceeds,” after “emoluments, or other”, and “gross proceeds,” after “setting forth the amount of such”.
Subsec. (h). Pub. L. 112–9, § 3(a), struck out subsec. (h) which related to treatment of rental property expense payments.
Subsecs. (i), (j). Pub. L. 112–9, § 2(a), struck out subsecs. (i) and (j) which read as follows:
“(i) Application to Corporations.—Notwithstanding any regulation prescribed by the Secretary before the date of the enactment of this subsection, for purposes of this section the term ‘person’ includes any corporation that is not an organization exempt from tax under section 501
“(j) Regulations.—The Secretary may prescribe such regulations and other guidance as may be appropriate or necessary to carry out the purposes of this section, including rules to prevent duplicative reporting of transactions.”
2010—Subsec. (a). Pub. L. 111–148, § 9006(b), inserted “amounts in consideration for property,” after “salaries, wages,”, “gross proceeds,” after “emoluments, or other”, and “gross proceeds,” after “setting forth the amount of such”.
Subsec. (h). Pub. L. 111–240added subsec. (h). Former subsec. (h) redesignated (i).
Pub. L. 111–148, § 9006(a), added subsec. (h).
Subsec. (i). Pub. L. 111–240redesignated subsec. (h) as (i). Former subsec. (i) redesignated (j).
Pub. L. 111–148, § 9006(a), added subsec. (i).
Subsec. (j). Pub. L. 111–240redesignated subsec. (i) as (j).
2003—Subsec. (f). Pub. L. 108–173added subsec. (f).
1996—Subsec. (d)(1). Pub. L. 104–168substituted “name, address, and phone number of the information contact” for “name and address”.
1986—Subsec. (a). Pub. L. 99–514, § 1523(b)(2), substituted “6049(a), or 6050N(a)” for “or 6049(a)”.
Subsec. (d). Pub. L. 99–514, § 1501(c)(1), in amending subsec. (d) generally, substituted “information is required” for “information is furnished” in heading and, in text, substituted references to persons required to make returns for former references to persons making returns.
1984—Subsec. (a). Pub. L. 98–369inserted “6047(e),”.
1982—Subsec. (a). Pub. L. 97–248substituted “6049(a)” for “6049(a)(1)”, and “or 6045” for “6045, 6049(a)(2), or 6049(a)(3)”.
1981—Subsecs. (d), (e). Pub. L. 97–34added subsec. (d) and redesignated former subsec. (d) as (e).
1978—Subsecs. (c), (d). Pub. L. 95–600added subsec. (d) and redesignated subsec. (d) as (c).
1962—Subsec. (a). Pub. L. 87–834, § 19(f)(1), substituted “(other than payments to which section 6042
(a)(1), or 6049
(a)(1) applies, and other than payments with respect to which a statement is required under the authority of section 6042
(a)(2), 6045, 6049
(a)(3))” for “other than payments described in section 6042
(1) orsection 6045)”.
Subsec. (c). Pub. L. 87–834, § 19(f)(2), repealed subsec. (c) which related to returns of payments of interest by corporations.
Pub. L. 112–9, § 2(c),Apr. 14, 2011, 125 Stat. 36, provided that: “The amendments made by this section [amending this section] shall apply to payments made after December 31, 2011.”
Pub. L. 112–9, § 3(b),Apr. 14, 2011, 125 Stat. 36, provided that: “The amendment made by this section [amending this section] shall apply to payments made after December 31, 2010.”
Pub. L. 111–240, title II, § 2101(b),Sept. 27, 2010, 124 Stat. 2561, provided that: “The amendments made by subsection (a) [amending this section] shall apply to payments made after December 31, 2010.”
Pub. L. 111–148, title IX, § 9006(c),Mar. 23, 2010, 124 Stat. 855, provided that: “The amendments made by this section [amending this section] shall apply to payments made after December 31, 2011.”
Pub. L. 108–173, title XII, § 1203(b),Dec. 8, 2003, 117 Stat. 2480, provided that: “The amendment made by this section [amending this section] shall apply to payments made after December 31, 2002.”
Pub. L. 104–168, title XII, § 1201(b),July 30, 1996, 110 Stat. 1470, provided that: “The amendments made by subsection (a) [amending this section and sections 6041A, 6042, 6044, 6045, 6049, 6050B, 6050H to 6050K, and 6050N of this title] shall apply to statements required to be furnished after December 31, 1996 (determined without regard to any extension).”
Amendment by section 1501(c)(1) ofPub. L. 99–514applicable to returns the due date for which (determined without regard to extensions) is after Dec. 31, 1986, see section 1501(e) ofPub. L. 99–514, set out as an Effective Date note under section 6721 of this title.
Amendment by section 1523(b)(2) ofPub. L. 99–514applicable to payments made after Dec. 31, 1986, see section 1523(d) ofPub. L. 99–514, set out as an Effective Date note under section 6050N of this title.
Amendment by Pub. L. 98–369applicable to payments or distributions after Dec. 31, 1984, unless the payor elects to have such amendment apply to payments or distributions before Jan. 1, 1985, see section 722(h)(5)(B) ofPub. L. 98–369, set out as a note under section 643 of this title.
Amendment by Pub. L. 97–248applicable to amounts paid (or treated as paid) after Dec. 31, 1982, see section 309(c) ofPub. L. 97–248, set out as a note under section 6049 of this title.
Amendment by Pub. L. 97–34applicable to returns and statements required to be furnished after Dec. 31, 1981, see section 723(c) ofPub. L. 97–34, set out as a note under section 6652 of this title.
Amendment by Pub. L. 95–600applicable to payments made after Dec. 31, 1978, see section 501(c) ofPub. L. 95–600, set out as a note under section 6001 of this title.
(b) of this title made on or after Jan. 1, 1963. with respect to patronage occurring on or after the first day of the first taxable year of the cooperative beginning on or after Jan. 1, 1963, see section 19(h) ofPub. L. 87–834, set out as a note under section 6042 of this title.
Allowance of Electronic 1099’s
Pub. L. 107–147, title IV, § 401,Mar. 9, 2002, 116 Stat. 40, provided that: “Any person required to furnish a statement under any section of subpart B of part III of subchapter A of chapter 61 of the Internal Revenue Code of 1986 for any taxable year ending after the date of the enactment of this Act [Mar. 9, 2002], may electronically furnish such statement (without regard to any first class mailing requirement) to any recipient who has consented to the electronic provision of the statement in a manner similar to the one permitted under regulations issued under section 6051 of such Code or in such other manner as provided by the Secretary.”
Employer’s Duties in Connection With Recording and Reporting of Tips
Pub. L. 94–455, title XXI, § 2211,Oct. 4, 1976, 90 Stat. 1905, as amended by Pub. L. 99–514, § 2,Oct. 22, 1986, 100 Stat. 2095, provided that: