§ 6050N. Returns regarding payments of royalties

• (a) Every person—
  • (1) who makes payments of royalties (or similar amounts) aggregating $10 or more to any other person during any calendar year, or
  • (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,
• (b) 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—
  • (1) the name, address, and phone number of the information contact of the person required to make such return, and
  • (2) the aggregate amount of payments to the person required to be shown on such return.
• (c) 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).