Code of Federal Regulations · Section
§ 31.3406(b)(3)-3 — (b)(3)-3 Reportable Payments By Certain Fishing Boat Operators
26 C.F.R. § 31.3406(b)(3)-3
View:
(a) Payments subject to backup withholding. A payment of a kind, and to a payee, that is required to be reported under section 6050A (relating to information reporting by certain fishing boat operators) is a reportable payment for purposes of section 3406. See § 31.6051-4 for the requirement to furnish a statement to the payee if tax is withheld under section 3406.
(b) Amount subject to backup withholding. The amount described in paragraph (a) of this section subject to withholding under section 3406 is the amount subject to reporting under section 6050A, but only to the extent the amount is paid in money and represents a share of the proceeds of the catch.
Authorizing Statute
-
Adjusted gross income defined26 U.S.C. § 62
-
Credit for paid sick leave26 U.S.C. § 3131
-
General requirement of return, statement, or list26 U.S.C. § 6011
-
Income tax collected at source26 U.S.C. § 3402
-
Time for filing returns and other documents26 U.S.C. § 6071
-
Payroll credit for paid family leave26 U.S.C. § 3132
-
Mode or time of collection26 U.S.C. § 6302
-
Information returns of tax return preparers26 U.S.C. § 6060
-
Withholding of tax on nonresident aliens26 U.S.C. § 1441
-
Definitions26 U.S.C. § 3121
-
Definitions26 U.S.C. § 3401
-
Extension of time for filing returns26 U.S.C. § 6081
-
Identifying numbers26 U.S.C. § 6109
-
Special rules applicable to certain employment taxes26 U.S.C. § 6205
-
Rules and regulations26 U.S.C. § 7805
-
Definitions26 U.S.C. § 7701
-
Certified professional employer organizations26 U.S.C. § 3511
-
Backup withholding26 U.S.C. § 3406
-
Receipts for employees26 U.S.C. § 6051