2016 US Code
Title 26 - Internal Revenue Code
Subtitle F - Procedure and Administration
Chapter 61 - Information and Returns
Subchapter A - Returns and Records
Part III - Information Returns
Subpart B - Information Concerning Transactions With Other Persons
Sec. 6045B - Returns relating to actions affecting basis of specified securities
| 26 U.S.C. § 6045B (2016) |
| §6045B. Returns relating to actions affecting basis of specified securities |
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(a) In general
According to the forms or regulations prescribed by the Secretary, any issuer of a specified security shall make a return setting forth— (1) a description of any organizational action which affects the basis of such specified security of such issuer, (2) the quantitative effect on the basis of such specified security resulting from such action, and (3) such other information as the Secretary may prescribe. Any return required by subsection (a) shall be filed not later than the earlier of— (1) 45 days after the date of the action described in subsection (a), or (2) January 15 of the year following the calendar year during which such action occurred. According to the forms or regulations prescribed by the Secretary, every person required to make a return under subsection (a) with respect to a specified security shall furnish to the nominee with respect to the specified security (or certificate holder if there is no nominee) a written statement showing— (1) the name, address, and phone number of the information contact of the person required to make such return, (2) the information required to be shown on such return with respect to such security, and (3) such other information as the Secretary may prescribe. The written statement required under the preceding sentence shall be furnished to the holder on or before January 15 of the year following the calendar year during which the action described in subsection (a) occurred. (d) Specified securityFor purposes of this section, the term "specified security" has the meaning given such term by section 6045(g)(3)(B). No return shall be required under this section with respect to actions described in subsection (a) with respect to a specified security which occur before the applicable date (as defined in section 6045(g)(3)(C)) with respect to such security. (e) Public reporting in lieu of returnThe Secretary may waive the requirements under subsections (a) and (c) with respect to a specified security, if the person required to make the return under subsection (a) makes publicly available, in such form and manner as the Secretary determines necessary to carry out the purposes of this section— (1) the name, address, phone number, and email address of the information contact of such person, and (2) the information described in paragraphs (1), (2), and (3) of subsection (a). |
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(Added Pub. L. 110–343, div. B, title IV, §403(d)(1), Oct. 3, 2008, 122 Stat. 3859.) |
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EFFECTIVE DATE
Section effective Jan. 1, 2011, see section 403(e)(1) of Pub. L. 110–343, set out as an Effective Date of 2008 Amendment note under section 1012 of this title. |
| United States Code, 2012 Edition, Supplement 4, Title 26 - INTERNAL REVENUE CODE |
| Bills and Statutes |
| United States Code |
| Y 1.2/5: |
| Title 26 - INTERNAL REVENUE CODE Subtitle F - Procedure and Administration CHAPTER 61 - INFORMATION AND RETURNS Subchapter A - Returns and Records PART III - INFORMATION RETURNS Subpart B - Information Concerning Transactions With Other Persons Sec. 6045B - Returns relating to actions affecting basis of specified securities |
| section 6045B |
| 2016 |
| January 6, 2017 |
| No |
| standard |
| 122 Stat. 3859 |
| Public Law 110-343 |
