# 26 U.S.C. § 6050N: Returns regarding payments of royalties Source: OLRC release point 119-134 . Cite pinpoints as 26 U.S.C. § 6050N(a)(1). ## § 6050N(a) Requirement of reporting Every person— **§ 6050N(a)(1)** who makes payments of royalties (or similar amounts) aggregating $10 or more to any other person during any calendar year, or **§ 6050N(a)(2)** who receives payments of royalties (or similar amounts) as a nominee and who makes payments aggregating $10 or more during any calendar year to any other person with respect to the royalties (or similar amounts) so received, shall make a return according to the forms or regulations prescribed by the Secretary, setting forth the aggregate amount of such payments and the name and address of the person to whom paid. ## § 6050N(b) Statements to be furnished to persons with respect to whom information is furnished 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— **§ 6050N(b)(1)** the name, address, and phone number of the information contact of the person required to make such return, and **§ 6050N(b)(2)** the aggregate amount of payments to the person required to be shown on such return. The written statement required under the preceding sentence shall be furnished (either in person or in a statement mailing by first-class mail which includes adequate notice that the statement is enclosed) 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. ## § 6050N(c) Exception for payments to certain persons Except to the extent otherwise provided in regulations, this section shall not apply to any amount paid to a person described in subparagraph (A), (B), (C), (D), (E), or (F) of section 6049(b)(4). ## Regulations - [Treas. Reg. § 1.6050N-1](/26/reg/1.6050N-1.md): Statements to recipients of royalties paid after December 31, 1986. (interprets § 6050N) - [Treas. Reg. § 1.6050N-2](/26/reg/1.6050N-2.md): Coordination with reporting rules for widely held fixed investment trusts under § 1.671-5. (interprets § 6050N) ## Forms named in the regulations - [Form W-9](https://www.irs.gov/pub/irs-pdf/fw9.pdf) ## Final rules - [82 FR 2046](https://www.federalregister.gov/documents/2017/01/06/2016-31590/regulations-regarding-withholding-of-tax-on-certain-us-source-income-paid-to-foreign-persons) (2017): Regulations Regarding Withholding of Tax on Certain U.S. Source Income Paid to Foreign Persons, Information Reporting and Backup Withholding on Payments Made to Certain U.S. Persons, and Portfolio Interest Treatment - [79 FR 41127](https://www.federalregister.gov/documents/2014/07/15/2014-16464/irs-truncated-taxpayer-identification-numbers) (2014): IRS Truncated Taxpayer Identification Numbers - [71 FR 4002](https://www.federalregister.gov/documents/2006/01/24/06-396/reporting-for-widely-held-fixed-investment-trusts) (2006): Reporting for Widely Held Fixed Investment Trusts - [62 FR 53387](https://www.federalregister.gov/documents/1997/10/14/97-25998/general-revision-of-regulations-relating-to-withholding-of-tax-on-certain-us-source-income-paid-to) (1997): General Revision of Regulations Relating to Withholding of Tax on Certain U.S. Source Income Paid to Foreign Persons and Related Collection, Refunds, and Credits; Revision of Information Reporting and Backup Withholding Regulations; and Removal of Regulations Under Part 35a and of Certain Regulations Under Income Tax Treaties ## Connections Cites: § 6049 Returns regarding payments of interest Cited by: § 3406 Backup withholding; § 6724 Waiver; definitions and special rules ## Amendments - 1986-10-22: [Pub. L. 99-514](/26/act/99-514.md), 100 Stat. 2747 - 1996-07-30: [Pub. L. 104-168](/26/act/104-168.md), 110 Stat. 1470