26 U.S.C. § 6050F — Returns relating to social security bene-

Page 3381 TITLE 26—INTERNAL REVENUE CODE § 6050F tion [enacting this section] shall apply to payments of refunds, and credits and offsets made, after December 31, 1982.’’ § 6050F. Returns relating to social security bene- fits (a) Requirement of reporting The appropriate Federal official shall make a return, according to the forms and regulations prescribed by the Secretary, setting forth— (1) the— (A) aggregate amount of social security benefits paid with respect to any individual during any calendar year, (B) aggregate amount of social security benefits repaid by such individual during such calendar year, and (C) aggregate reductions under section 224 of the Social Security Act (or under section 3(a)(1) of the Railroad Retirement Act of 1974) in benefits which would otherwise have been paid to such individual during the cal- endar year on account of amounts received under a workmen’s compensation act, and (2) the name and address of such individual. (b) Statements to be furnished to persons with respect to whom information is required 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— (1) the name of the agency making the pay- ments, and (2) the aggregate amount of payments, of re- payments, and of reductions, with respect to the individual required to be shown on such re- turn. The written statement required under the pre- ceding sentence shall be furnished to the indi- vidual on or before January 31 of the year fol- lowing the calendar year for which the return under subsection (a) was required to be made. (c) Definitions For purposes of this section (1) Appropriate Federal official The term ‘‘appropriate Federal official’’ means— (A) the Commissioner of Social Security in the case of social security benefits described in section 86(d)(1)(A), and (B) the Railroad Retirement Board in the case of social security benefits described in section 86(d)(1)(B). (2) Social security benefit The term ‘‘social security benefit’’ has the meaning given to such term by section 86(d)(1). (Added Pub. L. 98–21, title I, § 121(b), Apr. 20, 1983, 97 Stat. 82; amended Pub. L. 99–514, title XV, § 1501(c)(9), Oct. 22, 1986, 100 Stat. 2738; Pub. L. 100–360, title I, § 111(b), July 1, 1988, 102 Stat. 697; Pub. L. 101–234, title I, § 102(a), Dec. 13, 1989, 103 Stat. 1980; Pub. L. 103–296, title I, § 108(h)(4), Aug. 15, 1994, 108 Stat. 1487.) Editorial Notes REFERENCES IN TEXT Section 224 of the Social Security Act, referred to in subsec. (a)(1)(C), is classified to section 424a of Title 42, The Public Health and Welfare. Section 3(a)(1) of the Railroad Retirement Act of 1974, referred to in subsec. (a)(1)(C), is classified to section 231b(a)(1) of Title 45, Railroads. AMENDMENTS 1994—Subsec. (c)(1)(A). Pub. L. 103–296 substituted ‘‘Commissioner of Social Security’’ for ‘‘Secretary of Health and Human Services’’. 1989—Subsecs. (a), (b)(1), (2), (c)(1)(A). Pub. L. 101–234, § 102(a), repealed Pub. L. 100–360, § 111, and provided that the provisions of law amended by such section are re- stored or revived as if such section had not been en- acted, see 1988 Amendment note below. 1988—Subsec. (a). Pub. L. 100–360, § 111(b)(1), added par. (2) and redesignated former par. (2) as (3). Subsec. (b)(1). Pub. L. 100–360, § 111(b)(2)(A), inserted ‘‘or making the determination under subsection (a)(2)’’ after ‘‘payments’’. Subsec. (b)(2). Pub. L. 100–360, § 111(b)(2)(B), inserted ‘‘and the information required under subsection (a)(2),’’ after ‘‘reductions,’’. Subsec. (c)(1)(A). Pub. L. 100–360, § 111(b)(3), inserted ‘‘and the information required under subsection (a)(2)’’ after ‘‘section 86(d)(1)(A)’’. 1986—Subsec. (b). Pub. L. 99–514, in amending subsec. (b) generally, substituted ‘‘information is required’’ for ‘‘information is furnished’’ in heading and, in text, sub- stituted references to persons required to make a re- turn for former references to persons making a return and references to persons whose name is required to be set forth for former references to persons whose name is set forth. Statutory Notes and Related Subsidiaries EFFECTIVE DATE OF 1994 AMENDMENT Amendment by Pub. L. 103–296 effective Mar. 31, 1995, see section 110(a) of Pub. L. 103–296, set out as a note under section 401 of Title 42, The Public Health and Welfare. EFFECTIVE DATE OF 1989 AMENDMENT Amendment by Pub. L. 101–234 applicable to taxable years beginning after Dec. 31, 1988, see section 102(d)(2) of Pub. L. 101–234, set out as an Effective Date of Repeal note under section 59B of this title. EFFECTIVE DATE OF 1988 AMENDMENT Amendment by Pub. L. 100–360 applicable to taxable years beginning after Dec. 31, 1988, see section 111(e) of Pub. L. 100–360, set out as an Effective Date note under section 59B 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 applicable to benefits received after Dec. 31, 1983, in taxable years ending after such date, except for any portion of a lump-sum payment of social security benefits received after Dec. 31, 1983, if the generally ap- plicable payment date for such portion was before Jan. 1, 1984, see section 121(g) of Pub. L. 98–21, set out as a note under section 86 of this title. REPEAL OF SUPPLEMENTAL MEDICARE PREMIUM AND FEDERAL HOSPITAL INSURANCE CATASTROPHIC COV- ERAGE RESERVE FUND Pub. L. 101–234, title I, § 102(a), Dec. 13, 1989, 103 Stat. 1980, provided that: ‘‘Sections 111 and 112 of MCCA Page 3382 TITLE 26—INTERNAL REVENUE CODE § 6050G [Pub. L. 100–360, which enacted section 59B of this title and section 1395i–1a of Title 42, The Public Health and Welfare, amended this section, and enacted provisions set out as notes under section 59B of this title and sec- tion 1395i–1a of Title 42] are repealed and the provisions of law amended by such sections are restored or revived as if such sections had not been enacted.’’ § 6050G. Returns relating to certain railroad re- tirement benefits (a) In general The Railroad Retirement Board shall make a return, according to the forms and regulations prescribed by the Secretary, setting forth— (1) the aggregate amount of benefits paid under the Railroad Retirement Act of 1974 (other than tier 1 railroad retirement benefits, as defined in section 86(d)(4)) to any individual during any calendar year, (2) the employee contributions which are treated as having been paid for purposes of section 72(r), (3) the name and address of such individual, and (4) such other information as the Secretary may require. (b) Statements to be furnished to persons with respect to whom information is required The Railroad Retirement Board shall furnish to each individual whose name is required to be set forth in the return under subsection (a) a written statement showing— (1) the aggregate amount of payments to such individual, and of employee contributions with respect thereto, required to be shown on the return, and (2) such other information as the Secretary may require. The written statement required under the pre- ceding sentence shall be furnished to the indi- vidual on or before January 31 of the year fol- lowing the calendar year for which the return under subsection (a) was required to be made. (Added Pub. L. 98–76, title II, § 224(b)(1), Aug. 12, 1983, 97 Stat. 422; amended Pub. L. 99–514, title XV, § 1501(c)(10), Oct. 22, 1986, 100 Stat. 2739; Pub. L. 115–141, div. U, title IV, § 401(b)(45), Mar. 23, 2018, 132 Stat. 1204.) Editorial Notes REFERENCES IN TEXT The Railroad Retirement Act of 1974, referred to in subsec. (a)(1), is act Aug. 29, 1935, ch. 812, as amended generally by Pub. L. 93–445, title I, § 101, Oct. 16, 1974, 88 Stat. 1305, which is classified generally to subchapter IV (§ 231 et seq.) of chapter 9 of Title 45, Railroads. For further details and complete classification of this Act to the Code, see Codification note set out preceding section 231 of Title 45, section 231t of Title 45, and Ta- bles. AMENDMENTS 2018—Subsec. (a)(2). Pub. L. 115–141 struck out ‘‘(to the extent not previously taken into account under sec- tion 72(d)(1))’’ after ‘‘contributions’’. 1986—Subsec. (b). Pub. L. 99–514, in amending subsec. (b) generally, substituted ‘‘information is required’’ for ‘‘information is furnished’’ in heading and, in text, sub- stituted references to persons required to make a re- turn for former references to persons making a return and references to persons whose name is required to be set forth for former references to persons whose name is set forth. Statutory Notes and Related Subsidiaries 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 Enactment of section applicable to benefits received after Dec. 31, 1983, in taxable years ending after such date, except for portions of lump-sum payments re- ceived after Dec. 31, 1983, if the generally applicable payment date for such portion was before Jan. 1, 1984, see section 227(b) of Pub. L. 98–76, set out as an Effec- tive Date of 1983 Amendment note under section 72 of this title. SAVINGS PROVISION For provisions that nothing in amendment by Pub. L. 115–141 be construed to affect treatment of certain transactions occurring, property acquired, or items of income, loss, deduction, or credit taken into account prior to Mar. 23, 2018, for purposes of determining li- ability for tax for periods ending after Mar. 23, 2018, see section 401(e) of Pub. L. 115–141, set out as a note under section 23 of this title. § 6050H. Returns relating to mortgage interest received in trade or business from individ- uals (a) Mortgage interest of $600 or more Any person— (1) who is engaged in a trade or business, and (2) who, in the course of such trade or busi- ness, receives from any individual interest ag- gregating $600 or more for any calendar year on any mortgage, shall make the return described in subsection (b) with respect to each individual from whom such interest was received at such time as the Secretary may by regulations prescribe. (b) Form and manner of returns A return is described in this subsection if such return— (1) is in such form as the Secretary may pre- scribe, (2) contains— (A) the name and address of the individual from whom the interest described in sub- section (a)(2) was received, (B) the amount of such interest (other than points) received for the calendar year, (C) the amount of points on the mortgage received during the calendar year and whether such points were paid directly by the borrower, (D) the amount of outstanding principal on the mortgage as of the beginning of such cal- endar year, (E) the date of the origination of the mort- gage, (F) the address (or other description in the case of property without an address) of the property which secures the mortgage, and (G) such other information as the Sec- retary may prescribe.