26 U.S.C. § 6050B
§ 6050B. Returns relating to unemployment compensation
No plain-English explainer yet. Below is the official text. Explainers are being added section by section.
History
Added in 1978 by the Revenue Act of 1978. Last changed August 20, 1996 by the Small Business Job Protection Act of 1996.
Every change, newest first (4)
- August 20, 1996Small Business Job Protection Act of 1996
- July 30, 1996Public Law 104-168
- October 22, 1986Tax Reform Act of 1986
- November 6, 1978Revenue Act of 1978 · added this section
The law as written
Current through Public Law 119-102. Amendment notes omitted.
Structure
Every person who makes payments of unemployment compensation aggregating $10 or more to any individual during any calendar year shall make a return according to the forms or regulations prescribed by the Secretary, setting forth the aggregate amounts of such payments and the name and address of the individual to whom paid.
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—
the name, address, and phone number of the information contact of the person required to make such return, and
the aggregate amount of payments 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.
For purposes of this section—
The term “unemployment compensation” has the meaning given to such term by section 85(b).
The term “person” means the officer or employee having control of the payment of the unemployment compensation, or the person appropriately designated for purposes of this section.