Internal Revenue Code:Sec. 6050B. Returns relating to unemployment compensation

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Location in Internal Revenue Code

     TITLE 26 - INTERNAL REVENUE CODE
      Subtitle F - Procedure and Administration
       CHAPTER 61 - INFORMATION AND RETURNS
        Subchapter A - Returns and Records
         PART III - INFORMATION RETURNS
          Subpart B - Information Concerning Transactions With Other Persons
        

Statute

    Sec. 6050B. Returns relating to unemployment compensation
 
    (a) Requirement of reporting
      Every person who makes payments of unemployment compensation
    aggregating $10 or more to any individual during any calendar year
    shall make a return according to the forms or regulations
    prescribed by the Secretary, setting forth the aggregate amounts of
    such payments and the name and address of the individual to whom
    paid.
    (b) Statements to be furnished to individuals with respect to whom
        information is required
      Every person required to make a return under subsection (a) shall
    furnish to each individual whose name is required to be set forth
    in such return a written statement showing -
        (1) the name, address, and phone number of the information
      contact of the person required to make such return, and
        (2) the aggregate amount of payments to the individual required
      to be shown on such return.
    The written statement required under the preceding sentence shall
    be furnished to the individual on or before January 31 of the year
    following the calendar year for which the return under subsection
    (a) was required to be made.
    (c) Definitions
      For purposes of this section -
      (1) Unemployment compensation
        The term ''unemployment compensation'' has the meaning given to
      such term by section 85(b).
      (2) Person
        The term ''person'' means the officer or employee having
      control of the payment of the unemployment compensation, or the
      person appropriately designated for purposes of this section.
 

Sources

    (Added Pub. L. 95-600, title I, Sec. 112(b), Nov. 6, 1978, 92 Stat.
    2777; amended Pub. L. 99-514, title XV, Sec. 1501(c)(7), Oct. 22,
    1986, 100 Stat. 2738; Pub. L. 104-168, title XII, Sec. 1201(a)(7),
    July 30, 1996, 110 Stat. 1469; Pub. L. 104-188, title I, Sec.
    1704(t)(14), Aug. 20, 1996, 110 Stat. 1888.)
 

Miscellaneous

                                 AMENDMENTS
      1996 - Subsec. (b)(1). Pub. L. 104-168 substituted ''name,
    address, and phone number of the information contact'' for ''name
    and address''.
      Subsec. (c)(1). Pub. L. 104-188 substituted ''section 85(b)'' for
    ''section 85(c)''.
      1986 - Subsec. (b). Pub. L. 99-514, in amending subsec. (b)
    generally, substituted references to persons required to make a
    return for former references to persons making a return and
    references to individuals whose names are required to be set forth
    for former references to individuals whose names are set forth, and
    struck out provision directing that no statement is required to be
    furnished to individuals if the aggregate amount of payments to
    such individual shown on the return is less than $10.
                      EFFECTIVE DATE OF 1996 AMENDMENT
      Amendment by Pub. L. 104-168 applicable to statements required to
    be furnished after Dec. 31, 1996 (determined without regard to any
    extension), see section 1201(b) of Pub. L. 104-168, set out as a
    note under section 6041 of this title.
                      EFFECTIVE DATE OF 1986 AMENDMENT
      Amendment by Pub. L. 99-514 applicable to returns the due date
    for which (determined without regard to extensions) is after Dec.
    31, 1986, see section 1501(e) of Pub. L. 99-514, set out as an
    Effective Date note under section 6721 of this title.
                               EFFECTIVE DATE
      Section applicable to payments of unemployment compensation made
    after Dec. 31, 1978, in taxable years ending after such date, but
    not applicable to payments made for weeks of unemployment ending
    before Dec. 1, 1978, see section 112(d) of Pub. L. 95-600, as
    amended, set out as a note under section 85 of this title.
                      WAIVER OF STATUTE OF LIMITATIONS
      For provisions relating to credit or refund of overpayment of tax
    resulting from 1984 amendment to section 112(d) of Pub. L. 95-600,
    see section 1075(b) of Pub. L. 98-369, set out as a note under
    section 85 of this title.
 

References

                   SECTION REFERRED TO IN OTHER SECTIONS
      This section is referred to in title 42 section 502.