Source: https://www.law.cornell.edu/uscode/text/26/6046
Timestamp: 2019-03-24 14:17:13
Document Index: 95020816

Matched Legal Cases: ['§ 6046', '§\u202f6046', '§\u202f7', '§\u202f20', '§\u202f1906', '§\u202f341', '§\u202f1012', '§\u202f1146', '§\u202f11', '§\u202f1012', '§\u202f1012', '§\u202f1012', '§\u202f1906', '§\u202f1146', '§\u202f341', '§\u202f20', '§\u202f8']

26 U.S. Code § 6046 - Returns as to organization or reorganization of foreign corporations and as to acquisitions of their stock | U.S. Code | US Law | LII / Legal Information Institute
Section 6046. Returns as to organization or reorganization of foreign corporations and as to acquisitions of their stock
26 U.S. Code § 6046. Returns as to organization or reorganization of foreign corporations and as to acquisitions of their stock
(1) In generalA return complying with the requirements of subsection (b) shall be made by—
In the case of a foreigncorporation with respect to which any person is treated as a United States shareholder under section 953(c), subparagraph (A) shall be treated as including a reference to each United States person who is an officer or director of such corporation.
(2) Stock ownership requirementsA person meets the stock ownership requirements of this paragraph with respect to any corporation if such person owns 10 percent or more of—
The returns required by subsection (a) shall be in such form and shall set forth, in respect of the foreigncorporation, such information as the Secretary prescribes by forms or regulations as necessary for carrying out the provisions of the income tax laws, except that in the case of persons described only in subsection (a)(1)(A) the information required shall be limited to the names and addresses of persons described in subparagraph (B) or (C) of subsection (a)(1).
(Aug. 16, 1954, ch. 736, 68A Stat. 747; Pub. L. 86–780, § 7(a), Sept. 14, 1960, 74 Stat. 1016; Pub. L. 87–834, § 20(b), Oct. 16, 1962, 76 Stat. 1061; Pub. L. 94–455, title XIX, § 1906(a)(4), (b)(13)(A), Oct. 4, 1976, 90 Stat. 1824, 1834; Pub. L. 97–248, title III, § 341(a), Sept. 3, 1982, 96 Stat. 635; Pub. L. 100–647, title I, § 1012(i)(19), Nov. 10, 1988, 102 Stat. 3510; Pub. L. 105–34, title XI, § 1146(a), Aug. 5, 1997, 111 Stat. 986; Pub. L. 110–172, § 11(a)(33), Dec. 29, 2007, 121 Stat. 2487.)
2007—Subsec. (b). Pub. L. 110–172 substituted “subsection (a)(1)(A)” for “subsection (a)(1)” and “subparagraph (B) or (C) of subsection (a)(1)” for “paragraph (2) or (3) of subsection (a)”.
1997—Subsec. (a). Pub. L. 105–34 reenacted heading without change and amended text generally. Prior to amendment, text read as follows: “A return complying with the requirements of subsection (b) shall be made by—
“(1) each United States citizen or resident who is on January 1, 1963, an officer or director of a foreign corporation, 5 percent or more in value of the stock of which is owned by a United States person (as defined in section 7701(a)(30)), or who becomes such an officer or director at any time after such date,
“(2) each United States person who on January 1, 1963, owns 5 percent or more in value of the stock of a foreign corporation, or who, at any time after such date—
“(A) acquires stock which, when added to any stock owned on January 1, 1963, has a value equal to 5 percent or more of the value of the stock of a foreign corporation, or
“(B) acquires an additional 5 percent or more in value of the stock of a foreigncorporation,
“(3) each person (not described in paragraph (2)) who, at any time after January 1, 1987, is treated as a United States shareholder under section 953(c) with respect to a foreign corporation, and
“(4) each person who at any time after January 1, 1963, becomes a United States person while owning 5 percent or more in value of the stock of a foreign corporation.
In the case of a foreigncorporation with respect to which any person is treated as a United States shareholder under section 953(c), paragraph (1) shall be treated as including a reference to each United States person who is an officer or director of such corporation.”
1988—Subsec. (a). Pub. L. 100–647, § 1012(i)(19)(C), inserted sentence at end relating to foreign corporation with respect to which any person is treated as a United States shareholder under section 953(c).
Subsec. (a)(3), (4). Pub. L. 100–647, § 1012(i)(19)(A), added par. (3) and redesignated former par. (3) as (4).
Subsec. (b). Pub. L. 100–647, § 1012(i)(19)(B), substituted “paragraph (2) or (3) of subsection (a)” for “subsection (a)(2)”.
1982—Subsec. (d). Pub. L. 97–248 inserted “(or on or before such later day as the Secretary may by forms or regulations prescribe)”.
Subsec. (e). Pub. L. 94–455, § 1906(a)(4), struck out provisions relating to the requirement for information to be furnished in the case of liability to file a return under subsec. (a) of this section arising on or after Jan. 1, 1963, and before June 1, 1963, under regulations in effect on or before June 1, 1963.
1962—Pub. L. 87–834 substituted “organization or reorganization of foreign corporations and as to acquisitions of their stock” for “creation or organization, or reorganization, of foreign corporations” in section catchline.
“(a) General Rule.—On or before the 90th day after the creation or organization, or reorganization, of any foreign corporation—
“(1) Each United States citizen or resident who was an officer or director of the corporation at any time within 60 days after the creation or organization, or reorganization thereof, and
“(2) Each United States shareholder of the corporation by or for whom, at any time within 60 days after the creation or organization or reorganization of the corporation, 5 percent or more in value of the stock of the corporation outstanding was owned directly or indirectly (including, in the case of an individual, stock owned by members of his family),
shall make a return in compliance with the provisions of subsection (b).”
Subsec. (c). Pub. L. 87–834 substituted provisions requiring, for purposes of subsec. (a), stock owned directly or indirectly by a person (including, in the case of an individual, stock owned by members of his family) to be taken into account for provisions which defined “United States shareholder”.
1960—Pub. L. 86–780 substituted “Returns as to creation or organization, or reorganization, of foreign corporations” for “Returns as to formation or reorganization of foreign corporations” in section catchline.
Subsec. (b). Pub. L. 86–780 reenacted the substance of subsec. (b), struck out “to the full extent of the information within the possession or knowledge or under the control of the person required to make the return” before “such information”.
Pub. L. 105–34, title XI, § 1146(b), Aug. 5, 1997, 111 Stat. 986, provided that:
“The amendment made by this section [amending this section] shall take effect on January 1, 1998.”
Pub. L. 97–248, title III, § 341(c), Sept. 3, 1982, 96 Stat. 635, provided that:
“The amendments made by this section [amending this section and section 6048 of this title] shall apply to returns filed after the date of the enactment of this Act [Sept. 3, 1982].”
Pub. L. 87–834, § 20(e)(2), Oct. 16, 1962, 76 Stat. 1063, provided that:
“The amendments made by subsection (b) [amending this section] shall take effect on January 1, 1963.”
Pub. L. 86–780, § 8, Sept. 14, 1960, 74 Stat. 1016, provided that:
“The amendments made by section 7 [amending this section] shall apply only with respect to foreigncorporations created or organized, or reorganized, after the date of the enactment of this Act [Sept. 14, 1960].”