Requirement of reporting
In general
Returns required by the Secretary
Every person who makes payments of dividends aggregating less than $10 to any other person during any calendar year shall, when required by the Secretary, make a return setting forth the aggregate amount of such payments, and the name and address of the person to whom paid.
Dividend defined
General rule
Exceptions
Special rule
If the person making any payment described in subsection (a)(1)(A) or (B) is unable to determine the portion of such payment which is a dividend or is paid with respect to a dividend, he shall, for purposes of subsection (a)(1), treat the entire amount of such payment as a dividend or as an amount paid with respect to a dividend.
Statements to be furnished to persons with respect to whom information is required
Statements to be furnished by corporations to Secretary
Aug. 16, 1954, ch. 73668A Stat. 746Pub. L. 87–834, § 19(a)76 Stat. 1053Pub. L. 94–455, title XIX, § 1906(b)(13)(A)90 Stat. 1834Pub. L. 97–248, title III96 Stat. 587Pub. L. 97–354, § 5(a)(40)96 Stat. 1696Pub. L. 98–67, title I97 Stat. 369Pub. L. 98–369, div. A, title VII, § 714(d)98 Stat. 961Pub. L. 99–514, title XV, § 1501(c)(2)100 Stat. 2736Pub. L. 104–168, title XII, § 1201(a)(3)110 Stat. 1469(, ; , , ; , , ; , §§ 303(a), 308(a), , , 591; , , ; , §§ 102(a), 108(b), , , 383; , , ; , , ; , , .)
Editorial Notes
Amendments
Pub. L. 104–1681996—Subsec. (c)(1). substituted “name, address, and phone number of the information contact” for “name and address”.
Pub. L. 99–5141986—Subsec. (c). , in amending subsec. (c) 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 and struck out provisions directing that no statement was required to be furnished to any person under this subsection if the aggregate amount of payments to such person as shown on the return made under subsec. (a)(1) was less than $10.
Pub. L. 98–3691984—Subsec. (b)(2). , in amending par. (2) generally, designated existing provision as subpar. (A), redesignated as cls. (i) and (ii) of subpar. (A) text formerly designated (A) and (B), and added subpar. (B).
Pub. L. 98–67Pub. L. 97–2481983— substituted in subsec. (c) “The written statement required under the preceding sentence shall be furnished (either in person or in a separate mailing by first-class mail) to the person on or before January 31 of the year following the calendar year for which the return under subsection (a) was made, and shall be in such form as the Secretary may prescribe by regulations” for “The written statement required under the preceding sentence shall be furnished to the person on or before January 31 of the year following the calendar year for which the return under subsection (a)(1) was made” and repealed amendments made by . See 1982 Amendment note below.
Pub. L. 97–248Pub. L. 98–67, title I97 Stat. 369Pub. L. 97–2481982—Subsecs. (a)(1), (c), (e). provided that, applicable to payments of interest, dividends, and patronage dividends paid or credited after , subsecs. (a)(1) and (c) are amended and a new subsec. (e) is added. Section 102(a), (b) of , , , repealed subtitle A (§§ 301–308) of title III of as of the close of , and provided that the Internal Revenue Code of 1954 [now 1986] [this title] shall be applied and administered (subject to certain exceptions) as if such subtitle A (and the amendments made by such subtitle A) had not been enacted.
Pub. L. 97–354Subsec. (b)(2). redesignated cl. (A)(i) as subpar. (A) and cl. (A)(ii) as subpar. (B). Former subpar. (B), excluding from the term “dividends” any amount described in section 1373 (relating to undistributed taxable income of electing small business corporations), was struck out.
Pub. L. 94–4551976— struck out “or his delegate” after “Secretary” wherever appearing.
Pub. L. 87–8341962— substituted “Returns regarding payments of dividends and corporate earnings and profits” for “Returns regarding corporate dividends, earnings, and profits” in section catchline, added subsecs. (a) to (c), designated existing provisions of section as subsec. (d), and substituted in par. (1) of subsec. (d) “furnish to the Secretary or his delegate a statement stating the name and address of each shareholder, and the number of shares owned by each shareholder” for “Make a return of its payments of dividends, stating the name and address of, the number of shares owned by, and the amount of dividends paid to, each shareholder.”
Statutory Notes and Related Subsidiaries
Effective Date of 1996 Amendment
Pub. L. 104–168section 1201(b) of Pub. L. 104–168section 6041 of this titleAmendment by applicable to statements required to be furnished after (determined without regard to any extension), see , set out as a note under .
Effective Date of 1986 Amendment
Pub. L. 99–514section 1501(e) of Pub. L. 99–514section 6721 of this titleAmendment by applicable to returns the due date for which (determined without regard to extensions) is after , see , set out as an Effective Date note under .
Effective Date of 1984 Amendment
Pub. L. 98–369Pub. L. 97–248section 715 of Pub. L. 98–369section 31 of this titleAmendment by effective as if included in the provision of the Tax Equity and Fiscal Responsibility Act of 1982, , to which such amendment relates, see , set out as a note under .
Effective Date of 1983 Amendment
section 108(b) of Pub. L. 98–67section 110(a) of Pub. L. 98–67section 31 of this titleAmendment by applicable with respect to payments made after , see , set out as a note under .
Effective Date of 1982 Amendment
Pub. L. 97–354section 6(a) of Pub. L. 97–354section 1361 of this titleAmendment by applicable to taxable years beginning after , see , set out as an Effective Date note under .
Effective Date of 1962 Amendment
Pub. L. 87–834, § 19(h)76 Stat. 1058Pub. L. 99–514, § 2100 Stat. 2095