Internal Revenue Code:Sec. 6050F. Returns relating to social security benefits

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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. 6050F. Returns relating to social security benefits
 
    (a) Requirement of reporting
      The appropriate Federal official shall make a return, according
    to the forms and regulations prescribed by the Secretary, setting
    forth -
        (1) the -
          (A) aggregate amount of social security benefits paid with
        respect to any individual during any calendar year,
          (B) aggregate amount of social security benefits repaid by
        such individual during such calendar year, and
          (C) aggregate reductions under section 224 of the Social
        Security Act (or under section 3(a)(1) of the Railroad
        Retirement Act of 1974) in benefits which would otherwise have
        been paid to such individual during the calendar year on
        account of amounts received under a workmen's compensation act,
        and
        (2) the name and address of such individual.
    (b) 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 individual whose name is required to be set forth
    in such return a written statement showing -
        (1) the name of the agency making the payments, and
        (2) the aggregate amount of payments, of repayments, and of
      reductions, with respect 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) Appropriate Federal official
        The term ''appropriate Federal official'' means -
          (A) the Commissioner of Social Security in the case of social
        security benefits described in section 86(d)(1)(A), and
          (B) the Railroad Retirement Board in the case of social
        security benefits described in section 86(d)(1)(B).
      (2) Social security benefit
        The term ''social security benefit'' has the meaning given to
      such term by section 86(d)(1).
 

Sources

    (Added Pub. L. 98-21, title I, Sec. 121(b), Apr. 20, 1983, 97 Stat.
    82; amended Pub. L. 99-514, title XV, Sec. 1501(c)(9), Oct. 22,
    1986, 100 Stat. 2738; Pub. L. 100-360, title I, Sec. 111(b), July
    1, 1988, 102 Stat. 697; Pub. L. 101-234, title I, Sec. 102(a), Dec.
    13, 1989, 103 Stat. 1980; Pub. L. 103-296, title I, Sec. 108(h)(4),
    Aug. 15, 1994, 108 Stat. 1487.)
 

References in Text

                             REFERENCES IN TEXT
      Section 224 of the Social Security Act, referred to in subsec.
    (a)(1)(C), is classified to section 424a of Title 42, The Public
    Health and Welfare.
      Section 3(a)(1) of the Railroad Retirement Act of 1974, referred
    to in subsec. (a)(1)(C), is classified to section 231b(a)(1) of
    Title 45, Railroads.
 

Miscellaneous

                                 AMENDMENTS
      1994 - Subsec. (c)(1)(A). Pub. L. 103-296 substituted
    ''Commissioner of Social Security'' for ''Secretary of Health and
    Human Services''.
      1989 - Subsecs. (a), (b)(1), (2), (c)(1)(A). Pub. L. 101-234,
    Sec. 102(a), repealed Pub. L. 100-360, Sec. 111, and provided that
    the provisions of law amended by such section are restored or
    revived as if such section had not been enacted, see 1988 Amendment
    note below.
      1988 - Subsec. (a). Pub. L. 100-360, Sec. 111(b)(1), added par.
    (2) and redesignated former par. (2) as (3).
      Subsec. (b)(1). Pub. L. 100-360, Sec. 111(b)(2)(A), inserted ''or
    making the determination under subsection (a)(2)'' after
    ''payments''.
      Subsec. (b)(2). Pub. L. 100-360, Sec. 111(b)(2)(B), inserted
    ''and the information required under subsection (a)(2),'' after
    ''reductions,''.
      Subsec. (c)(1)(A). Pub. L. 100-360, Sec. 111(b)(3), inserted
    ''and the information required under subsection (a)(2)'' after
    ''section 86(d)(1)(A)''.
      1986 - Subsec. (b). Pub. L. 99-514, in amending subsec. (b)
    generally, substituted ''information is required'' for
    ''information is furnished'' in heading and, in text, substituted
    references to persons required to make a return for former
    references to persons making a return and references to persons
    whose name is required to be set forth for former references to
    persons whose name is set forth.
                      EFFECTIVE DATE OF 1994 AMENDMENT
      Amendment by Pub. L. 103-296 effective Mar. 31, 1995, see section
    110(a) of Pub. L. 103-296, set out as a note under section 401 of
    Title 42, The Public Health and Welfare.
                      EFFECTIVE DATE OF 1989 AMENDMENT
      Amendment by Pub. L. 101-234 applicable to taxable years
    beginning after Dec. 31, 1988, see section 102(d)(2) of Pub. L.
    101-234, set out as an Effective Date of Repeal note under section
    59B of this title.
                      EFFECTIVE DATE OF 1988 AMENDMENT
      Amendment by Pub. L. 100-360 applicable to taxable years
    beginning after Dec. 31, 1988, see section 111(e) of Pub. L.
    100-360, set out as an Effective Date note under section 59B 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 benefits received after Dec. 31, 1983, in
    taxable years ending after such date, except for any portion of a
    lump-sum payment of social security benefits received after Dec.
    31, 1983, if the generally applicable payment date for such portion
    was before Jan. 1, 1984, see section 121(g) of Pub. L. 98-21, set
    out as a note under section 86 of this title.
        REPEAL OF SUPPLEMENTAL MEDICARE PREMIUM AND FEDERAL HOSPITAL
                INSURANCE CATASTROPHIC COVERAGE RESERVE FUND
      Section 102(a) of Pub. L. 101-234 provided that: ''Sections 111
    and 112 of MCCA (Pub. L. 100-360, which enacted section 59B of this
    title and section 1395i-1a of Title 42, The Public Health and
    Welfare, amended this section, and enacted provisions set out as
    notes under section 59B of this title and section 1395i-1a of Title
    42) are repealed and the provisions of law amended by such sections
    are restored or revived as if such sections had not been enacted.''