26 U.S.C. § 6050N - U.S. Code - Unannotated Title 26. Internal Revenue Code § 6050N. Returns regarding payments of royalties

(a) Requirement of reporting.--Every person--

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.

(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--

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.

(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).