26Title 26The US tax code, read & explained

26 U.S.C. § 6050F

§ 6050F. Returns relating to social security benefits

308 words · amended 4 times

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No plain-English explainer yet. Below is the official text. Explainers are being added section by section.

History

Added in 1983 by the Public Law 98-21. Last changed August 15, 1994 by the Public Law 103-296.

Every change, newest first (5)
  1. August 15, 1994Public Law 103-296
  2. December 13, 1989Public Law 101-234
  3. July 1, 1988Public Law 100-360
  4. October 22, 1986Tax Reform Act of 1986
  5. April 20, 1983Public Law 98-21 · added this section

The law as written

Current through Public Law 119-102. Amendment notes omitted.

Structure

  1. (a) Requirement of reporting
  2. (b) Statements to be furnished to persons with respect to whom information is required
  3. (c) Definitions
(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 calendar 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 payments, and

(2)

the aggregate amount of payments, of repayments, and of reductions, with respect 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.

(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).