U.S. Code, Title 26, Internal Revenue Code

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Author: "U.S. Congress, Office of the Law Revision Counsel"

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§ 6050a. Reporting Requirements of Certain Fishing Boat Operators

(a) Reports

     The operator of a boat on which one or more individuals, during a calendar year, perform services described in section 3121(b)(20) shall submit to the Secretary (at such time, and in such manner and form, as the Secretary shall by regulations prescribe) information respecting—

     (1) the identity of each individual performing such services;

     (2) the percentage of each such individual’s share of the catches of fish or other forms of aquatic animal life, and the percentage of the operator’s share of such catches;

     (3) if such individual receives his share in kind, the type and weight of such share, together with such other information as the Secretary may prescribe by regulations reasonably necessary to determine the value of such share;

     (4) if such individual receives a share of the proceeds of such catches, the amount so received; and

     (5) any cash remuneration described in section 3121(b)(20)(A).

(b) Written statement

     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 the information relating to such person required to be contained in such return. 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) was required to be made.

(Added Pub. L. 94–455, title XII, § 1207(e)(3)(A), Oct. 4, 1976, 90 Stat. 1707; amended Pub. L. 99–514, title XV, § 1501(c)(6), Oct. 22, 1986, 100 Stat. 2737; Pub. L. 104–188, title I, § 1116(a)(1)(C), Aug. 20, 1996, 110 Stat. 1762.)

Amendments

     1996—Subsec. (a)(5). Pub. L. 104–188 added par. (5).

     1986—Subsec. (b). Pub. L. 99–514 amended subsec. (b) generally. Prior to amendment, subsec. (b) read as follows: "Every person making a return under subsection (a) shall furnish to each person whose name is set forth in such return a written statement showing the information relating to such person contained in such return. 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) was made."

Effective Date of 1996 Amendment

     Amendments by Pub. L. 104–188 applicable to remuneration paid after Dec. 31, 1996, see section 1116(a)(3)(B) of Pub. L. 104–188, set out as a note under section 3121 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 effective for calendar years beginning after Oct. 4, 1976, see section 1207(f)(4)(A) of Pub. L. 94–455, set out as a note under section 3121 of this title.

Section Referred to in Other Sections

     This section is referred to in sections 3406, 6724 of this title.

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Chicago: "U.S. Congress, Office of the Law Revision Counsel", "§ 6050a. Reporting Requirements of Certain Fishing Boat Operators," U.S. Code, Title 26, Internal Revenue Code in U.S. Code, Title 26, Internal Revenue Code (Washington, D.C.: Government Printing Office, 2002), Original Sources, accessed April 22, 2018, http://www.originalsources.com/Document.aspx?DocID=DK9M9PJH2616TTE.

MLA: "U.S. Congress, Office of the Law Revision Counsel". "§ 6050a. Reporting Requirements of Certain Fishing Boat Operators." U.S. Code, Title 26, Internal Revenue Code, in U.S. Code, Title 26, Internal Revenue Code, Washington, D.C., Government Printing Office, 2002, Original Sources. 22 Apr. 2018. www.originalsources.com/Document.aspx?DocID=DK9M9PJH2616TTE.

Harvard: "U.S. Congress, Office of the Law Revision Counsel", '§ 6050a. Reporting Requirements of Certain Fishing Boat Operators' in U.S. Code, Title 26, Internal Revenue Code. cited in 2002, U.S. Code, Title 26, Internal Revenue Code, Government Printing Office, Washington, D.C.. Original Sources, retrieved 22 April 2018, from http://www.originalsources.com/Document.aspx?DocID=DK9M9PJH2616TTE.