§ 6047 Information relating to certain trusts and annuity plans
(a) Trustees and insurance companies
The trustee of a trust described in section which is exempt from tax under section to which contributions have been paid under a plan on behalf of any owner-employee (as defined in section ), and each insurance company or other person which is the issuer of a contract purchased by such a trust, or purchased under a plan described in section , contributions for which have been paid on behalf of any owner-employee, shall file such returns (in such form and at such times), keep such records, make such identification of contracts and funds (and accounts within such funds), and supply such information, as the Secretary shall by forms or regulations prescribe.
(b) Owner-employees
Every individual on whose behalf contributions have been paid as an owner-employee (as defined in section )—
(1) to a trust described in section which is exempt from tax under section , or
(2) to an insurance company or other person under a plan described in section ,
shall furnish the trustee, insurance company, or other person, as the case may be, such information at such times and in such form and manner as the Secretary shall prescribe by forms or regulations.
(c) Other programs
To the extent provided by regulations prescribed by the Secretary, the provisions of this section apply with respect to any payment described in section and to transactions of any trust described in section or under an individual retirement annuity described in section .
(d) Reports by employers, plan administrators, etc.
(1) In general
The Secretary shall by forms or regulations require that—
(A) the employer maintaining, or the plan administrator (within the meaning of section ) of, a plan from which designated distributions (as defined in section ) may be made, and
(B) any person issuing any contract under which designated distributions (as so defined) may be made,
make returns and reports regarding such plan (or contract) to the Secretary, to the participants and beneficiaries of such plan (or contract), and to such other persons as the Secretary may by regulations prescribe. No return or report may be required under the preceding sentence with respect to distributions to any person during any year unless such distributions aggregate $10 or more.
(2) Form, etc., of reports
Such reports shall be in such form, made at such time, and contain such information as the Secretary may prescribe by forms or regulations.
(e) Employee stock ownership plans
The Secretary shall require—
(1) any employer maintaining, or the plan administrator (within the meaning of section ) of, an employee stock ownership plan which holds stock with respect to which section applies to dividends paid on such stock, or
(2) both such employer or plan administrator,
to make returns and reports regarding such plan, transaction, or loan to the Secretary and to such other persons as the Secretary may prescribe. Such returns and reports shall be made in such form, shall be made at such time, and shall contain such information as the Secretary may prescribe.
(f) Designated Roth contributions
The Secretary shall require the plan administrator of each applicable retirement plan (as defined in section ) to make such returns and reports regarding designated Roth contributions (as defined in section ) to the Secretary, participants and beneficiaries of the plan, and such other persons as the Secretary may prescribe.
(g) Information relating to life insurance contract transactions
This section shall not apply to any information which is required to be reported under section .
(h) Cross references
(1) For provisions relating to penalties for failures to file returns and reports required under this section, see sections , , and .
(2) For criminal penalty for furnishing fraudulent information, see section .
(3) For provisions relating to penalty for failure to comply with the provisions of subsection (d), see section .
(4) For provisions requiring reporting of information relating to certain life insurance contract transactions, see section .
(Added Pub. L. 87–792, § 7(m)(1), Oct. 10, 1962, 76 Stat. 830; amended Pub. L. 93–406, title II, §§ 1031(c)(3), 2002(g)(8), Sept. 2, 1974, 88 Stat. 947, 970; Pub. L. 94–455, title XV, § 1501(b)(9), title XIX, § 1906(b)(13)(A), Oct. 4, 1976, 90 Stat. 1737, 1834; Pub. L. 97–34, title III, § 311(h)(8), Aug. 13, 1981, 95 Stat. 282; Pub. L. 97–248, title III, § 334(b), Sept. 3, 1982, 96 Stat. 626; Pub. L. 97–448, title I, § 103(c)(12)(C), Jan. 12, 1983, 96 Stat. 2377; Pub. L. 98–369, div. A, title IV, § 491(d)(47), (57), July 18, 1984, 98 Stat. 852; Pub. L. 99–514, title XV, § 1501(d)(1)(D), title XVIII, § 1848(e)(2), Oct. 22, 1986, 100 Stat. 2740, 2857; Pub. L. 101–239, title VII, § 7301(e), Dec. 19, 1989, 103 Stat. 2349; Pub. L. 102–318, title V, § 522(b)(2)(D), (E), July 3, 1992, 106 Stat. 314; Pub. L. 104–188, title I, §§ 1455(b)(2), (d)(1), 1602(b)(6), Aug. 20, 1996, 110 Stat. 1818, 1834; Pub. L. 107–16, title VI, § 617(d)(2), June 7, 2001, 115 Stat. 106; Pub. L. 115–97, title I, § 13520(c)(2), Dec. 22, 2017, 131 Stat. 2151.)
Operative text only. Editorial notes, amendment history, and effective dates: official OLRC text of § 6047