1054
PUBLIC LAW 87-834-OCT. 16, 1962 "(c)
[76 STAT.
STATEMENTS TO. B E FURNISHED TO PERSONS W I T H RESPECT TO
W H O M INFORMATION I S FURNISHED.—Every person making a return
under su5section (a)(1) shall furnish to each person whose name is set forth in such return a written statement showing— "(1) the name and address of the person making such return, and " (2) the aggregate amount of payments to the person as shown on 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 returg, under subsection (a)(1) was made. No statement shall be required to be furnished to any person under this subsection if the aggregate amount of payments to such person as shown on the return made under subsection (a)(1) is less than $10. "(d)
STATEMENTS TO B E FURNISHED BY CORPORATIONS TO SECRE-
TARY.—Every corporation shall, when required by the Secretary or his delegate— "(1) furnish to the Secretary or his delegate a statement stating the name and address of each shareholder, and the number of shares owned by each shareholder; "(2) furnish to the Secretary or his delegate a statement of such facts as will enable him to determine the portion of the earnings and profits of the corporation (including gains, profits, and income not taxed) accumulated during such periods as the Secretary or his delegate may specify, which have been distributed or ordered to be distributed, respectively, to its shareholders during such taxable years as the Secretary or his delegate may specify; and "(3) furnish to the Secretary or his delegate a statement of its accumulated earnings and profits and the names and addresses of the individuals or shareholders who would be entitled to such accumulated earnings and profits if divided or distributed, and of the amounts that would be payable to each." (b)
26 USC 6044.
Section 6044 (relating to returns regarding patronage dividends) is amended to read as follows: "SEC. 6044. RETURNS REGARDING PAYMENTS OF PATRONAGE DIVIDENDS. "(a)
Ante, p. 1045.
RETI^RNS REGARDING PAYMENT OF PATRONAGE DIVIDENDS.—
REQUIREMENT OF REPORTING,—
"(1) IN GENERAL.—Except as otherwise provided in this section, every cooperative to which part I of subchapter T of chapter 1 appHes, which makes payments of amounts described in subsection (b) aggregating $10 or more to any person during any calendar year, shall make a return according to the forms or regulations prescribed by the Secretary or his delegate, setting forth the aggregate amount of such payments and the name and address of the person to whom paid. "(2) RETURNS REQUIRED BY THE SECRETARY.—Every such cooperative which makes payments of amounts described in subsection (b) aggregating less than $10 to any person during any calendar year shall, when required by the Secretary or his delegate, make a return setting forth the aggregate amount of such payments and the name and address of the person to whom paid. "(b)
AMOUNTS SI'IUECT TO REPORTING.— "(1) GENERAL RULE.—Except as otherwise provided in this
section, the amounts subject to reporting under subsection (a) are—
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