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Title 26 — Internal Revenue CodeRelease 119-73

§6050A Reporting requirements of certain fishing boat operators

Title 26 › Subtitle Subtitle F— - Procedure and Administration › Chapter CHAPTER 61— - INFORMATION AND RETURNS › Subchapter Subchapter A— - Returns and Records › Part PART III— - INFORMATION RETURNS › Subpart Subpart B— - Information Concerning Transactions With Other Persons › § 6050A

Last updated Apr 6, 2026|Official source

Summary

Boat operators must report to the IRS when one or more people work on the boat during a calendar year doing the kind of fishing-related services listed in tax rule 3121(b)(20). The report must include each worker’s name, each worker’s percentage share and the operator’s percentage share of the catch, the type and weight of any shares received in fish (and other details needed to value those shares), any money a worker got from selling the catch, and any cash pay described in 3121(b)(20)(A). The operator must also give each worker a written statement with their own reported information by January 31 of the year after the calendar year covered.

Full Legal Text

Title 26, §6050A

Internal Revenue Code — Source: USLM XML via OLRC

(a)The operator of a boat on which one or more individuals, during a calendar year, perform services described in section 3121(b)(20) shall submit to the Secretary (at such time, and in such manner and form, as the Secretary shall by regulations prescribe) information respecting—
(1)the identity of each individual performing such services;
(2)the percentage of each such individual’s share of the catches of fish or other forms of aquatic animal life, and the percentage of the operator’s share of such catches;
(3)if such individual receives his share in kind, the type and weight of such share, together with such other information as the Secretary may prescribe by regulations reasonably necessary to determine the value of such share;
(4)if such individual receives a share of the proceeds of such catches, the amount so received; and
(5)any cash remuneration described in section 3121(b)(20)(A).
(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 the information relating to such person required to be contained in such return. The written statement required under the preceding sentence shall be furnished to the person on or before January 31 of the year following the calendar year for which the return under subsection (a) was required to be made.

Legislative History

Notes & Related Subsidiaries

Editorial Notes

Amendments

1996—Subsec. (a)(5). Pub. L. 104–188 added par. (5). 1986—Subsec. (b). Pub. L. 99–514 amended subsec. (b) generally. Prior to amendment, subsec. (b) read as follows: “Every person making a return under subsection (a) shall furnish to each person whose name is set forth in such return a written statement showing the information relating to such person contained in such return. The written statement required under the preceding sentence shall be furnished to the person on or before January 31 of the year following the calendar year for which the return under subsection (a) was made.”

Statutory Notes and Related Subsidiaries

Effective Date

of 1996 Amendment

Amendments

by Pub. L. 104–188 applicable to remuneration paid after Dec. 31, 1996, see section 1116(a)(3)(B) of Pub. L. 104–188, set out as a note under section 3121 of this title.

Effective Date

of 1986 AmendmentAmendment 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 effective for calendar years beginning after Oct. 4, 1976, see section 1207(f)(4)(A) of Pub. L. 94–455, set out as a note under section 3121 of this title.

Reference

Citations & Metadata

Citation

26 U.S.C. § 6050A

Title 26 — Internal Revenue Code

Last Updated

Apr 6, 2026

Release point: 119-73