Internal Revenue Code:Sec. 6050G. Returns relating to certain railroad retirement 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. 6050G. Returns relating to certain railroad retirement
        benefits
 
    (a) In general
      The Railroad Retirement Board shall make a return, according to
    the forms and regulations prescribed by the Secretary, setting
    forth -
        (1) the aggregate amount of benefits paid under the Railroad
      Retirement Act of 1974 (other than tier 1 railroad retirement
      benefits, as defined in section 86(d)(4)) to any individual
      during any calendar year,
        (2) the employee contributions (to the extent not previously
      taken into account under section 72(d)(1)) (FOOTNOTE 1) which are
      treated as having been paid for purposes of section 72(r),
       (FOOTNOTE 1) See References in Text note below.
        (3) the name and address of such individual, and
        (4) such other information as the Secretary may require.
    (b) Statements to be furnished to persons with respect to whom
        information is required
      The Railroad Retirement Board shall furnish to each individual
    whose name is required to be set forth in the return under
    subsection (a) a written statement showing -
        (1) the aggregate amount of payments to such individual, and of
      employee contributions with respect thereto, required to be shown
      on the return, and
        (2) such other information as the Secretary may require.
    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.
 

Sources

    (Added Pub. L. 98-76, title II, Sec. 224(b)(1), Aug. 12, 1983, 97
    Stat. 422; amended Pub. L. 99-514, title XV, Sec. 1501(c)(10), Oct.
    22, 1986, 100 Stat. 2739.)
 

References in Text

                             REFERENCES IN TEXT
      The Railroad Retirement Act of 1974, referred to in subsec.
    (a)(1), is act Aug. 29, 1935, ch. 812, as amended generally by Pub.
    L. 93-445, title I, Sec. 101, Oct. 16, 1974, 88 Stat. 1305, which
    is classified generally to subchapter IV (Sec. 231 et seq.) of
    chapter 9 of Title 45, Railroads. For further details and complete
    classification of this Act to the Code, see Codification note set
    out preceding section 231 of Title 45, section 231t of Title 45,
    and Tables.
      Section 72(d), referred to in subsec. (a)(2), was repealed by
    Pub. L. 99-514, title XI, Sec. 1122(c)(1), Oct. 22, 1986, 100 Stat.
    2467. A new section 72(d) was added by Pub. L. 100-647, title I,
    Sec. 1011A(b)(2)(A), Nov. 10, 1988, 102 Stat. 3472, and
    subsequently amended generally by Pub. L. 104-188, title I, Sec.
    1403(a), Aug. 20, 1996, 110 Stat. 1790.
 

Miscellaneous

                                 AMENDMENTS
      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 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
      Enactment of section applicable to benefits received after Dec.
    31, 1983, in taxable years ending after such date, except for
    portions of lump-sum payments received after Dec. 31, 1983, if the
    generally applicable payment date for such portion was before Jan.
    1, 1984, see section 227(b) of Pub. L. 98-76, set out as an
    Effective Date of 1983 Amendment note under section 72 of this
    title.