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Title 26 — Internal Revenue CodeRelease 119-73

§6050N Returns regarding payments of royalties

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 › § 6050N

Last updated Apr 6, 2026|Official source

Summary

If you pay royalties (or similar amounts) totaling $10 or more in any calendar year, you must file a return. If you get royalties as a nominee and then pay out $10 or more of those in a year, you must file too. You must give each payee a written notice with the payer’s name, address, and phone for questions, and the total amount paid to that person. The rule does not apply to payments to the people listed in subparagraphs (A)–(F) of section 6049(b)(4), unless regulations say otherwise.

Full Legal Text

Title 26, §6050N

Internal Revenue Code — Source: USLM XML via OLRC

(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).

Legislative History

Notes & Related Subsidiaries

Editorial Notes

Amendments

1996—Subsec. (b)(1). Pub. L. 104–168 substituted “name, address, and phone number of the information contact” for “name and address”.

Statutory Notes and Related Subsidiaries

Effective Date

of 1996 AmendmentAmendment by Pub. L. 104–168 applicable to statements required to be furnished after Dec. 31, 1996 (determined without regard to any extension), see section 1201(b) of Pub. L. 104–168, set out as a note under section 6041 of this title.

Effective Date

Pub. L. 99–514, title XV, § 1523(d), Oct. 22, 1986, 100 Stat. 2749, provided that: “The

Amendments

made by this section [enacting this section and amending section 3406, 6041, and 6676 of this title] shall apply with respect to payments made after December 31, 1986.”

Reference

Citations & Metadata

Citation

26 U.S.C. § 6050N

Title 26 — Internal Revenue Code

Last Updated

Apr 6, 2026

Release point: 119-73