§6041. Information at source — Inbound Citations
26 U.S.C. § 6041
Cited by 12 provisions in release 119-102.
Citations to 26 U.S.C. § 6041 as a whole
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(B) the agreement described in subsection (b) shall require such foreign financial institution to report such information with respect to each United States account maintained by such institution as such institution would be required to report under sections 6041, 6042, 6045, and 6049 if—(i) such institution were a United States person, and(ii) each holder of such account which is a specified United States person or United States owned foreign entity were a natural person and citizen of the United States.An election under this paragraph shall be made at such time, in such manner, and subject to such conditions as the Secretary may provide.
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(A) section 6041 (relating to certain information at source),
Citations to §6041(a)
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(6) Any payment of a kind required to be shown on a return required under section 6041(a) or 6041A(a) which is made during any calendar year shall be treated as a reportable payment only if—(A) the aggregate amount of such payment and all previous payments described in such sections by the payor to the payee during such calendar year equals or exceeds the dollar amount in effect for such calendar year under section 6041(a),(B) the payor was required under section 6041(a) or 6041A(a) to file a return for the preceding calendar year with respect to payments to the payee, or(C) during the preceding calendar year, the payor made reportable payments to the payee with respect to which amounts were required to be deducted and withheld under subsection (a).
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(A) the aggregate amount of such payment and all previous payments described in such sections by the payor to the payee during such calendar year equals or exceeds the dollar amount in effect for such calendar year under section 6041(a),
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(1) In the case of an employer who fails to meet the applicable requirements of section 6041(a), 6041A, or 6051 with respect to any employee, unless such failure is due to reasonable cause and not willful neglect, subsection (a) shall be applied with respect to such employee—(A) by substituting “3 percent” for “1.5 percent” in paragraph (1); and(B) by substituting “40 percent” for “20 percent” in paragraph (2).
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(2) the aggregate of such remuneration paid to such person during such calendar year equals or exceeds the dollar amount in effect for such calendar year under section 6041(a),
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(B) This subsection shall not apply to the portion of any payment which is required to be reported under section 6041(a) (or would be so required but for the dollar limitation contained therein) or section 6051.
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(i) section 6041(a) or (b) (relating to certain information at source),
Citations to §6041(d)
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(C) section 6041(d) (relating to information at source),
Citations to §6041(d)(3)
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(a) There shall be allowed as a deduction an amount equal to the qualified tips received during the taxable year that are included on statements furnished to the individual pursuant to section 6041(d)(3), 6041A(e)(3), 6050W(f)(2), or 6051(a)(18), or reported by the taxpayer on Form 4137 (or successor).
Citations to §6041(d)(4)
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(a) There shall be allowed as a deduction an amount equal to the qualified overtime compensation received during the taxable year and included on statements furnished to the individual pursuant to section 6041(d)(4) or 6051(a)(19).