26 U.S. Code § 6050R - Returns relating to certain purchases of fish
(a) Requirement of reporting
(1) who is engaged in the trade or business of purchasing fish for resale from any person engaged in the trade or business of catching fish; and
(2) who makes payments in cash in the course of such trade or business to such a person of $600 or more during any calendar year for the purchase of fish,
shall make a return (at such times as the Secretary may prescribe) described in subsection (b) with respect to each person to whom such a payment was made during such calendar year.
A return is described in this subsection if such return—
(A) the name, address, and TIN of each person to whom a payment described in subsection (a)(2) was made during the calendar year,
(B) the aggregate amount of such payments made to such person during such calendar year and the date and amount of each such payment, and
(c) Statement to be furnished with respect to whom information is required
Every person required to make a return under subsection (a) shall furnish to each person 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 a return, and
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) is required to be made.
Source(Added Pub. L. 104–188, title I, § 1116(b)(1),Aug. 20, 1996, 110 Stat. 1763; amended Pub. L. 105–34, title XVI, § 1601(a),Aug. 5, 1997, 111 Stat. 1086; Pub. L. 105–206, title VI, § 6023(21),July 22, 1998, 112 Stat. 826.)
1998—Subsec. (b)(2)(A). Pub. L. 105–206substituted a comma for the semicolon at end.
1997—Pub. L. 105–34, § 1601(a)(2), provided that amendment made by section 1116(b)(1) ofPub. L. 104–188, shall be applied as if reference to chapter 68 were a reference to chapter 61. Section 1116(b)(1) ofPub. L. 104–188directed amendment of subpart B of part III of subchapter A of chapter 68 by adding this section.
Subsec. (c)(1). Pub. L. 105–34, § 1601(a)(1), substituted “name, address, and phone number of the information contact” for “name and address”.
Effective Date of 1997 Amendment
Amendment by Pub. L. 105–34effective as if included in the provisions of the Small Business Job Protection Act of 1996, Pub. L. 104–188, to which it relates, see section 1601(j) ofPub. L. 105–34, set out as a note under section 23 of this title.
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