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USC Title 26 enacted through 2008

§ 6050R. Returns relating to certain purchases of fish

 
(a)
Requirement of reporting
 
Every person -
 
(1)
who is engaged in the trade or business of purchasing fish for resale from any person engaged in the trade or business of catching fish; and
 
(2)
who makes payments in cash in the course of such trade or business to such a person of $600 or more during any calendar year for the purchase of fish,
 
shall make a return (at such times as the Secretary may prescribe) described in subsection (b) with respect to each person to whom such a payment was made during such calendar year.
 
(b)
Return
 
A return is described in this subsection if such return -
 
(1)
is in such form as the Secretary may prescribe, and
 
(2)
contains -
 
(A)
the name, address, and TIN of each person to whom a payment described in subsection (a)(2) was made during the calendar year,
 
(B)
the aggregate amount of such payments made to such person during such calendar year and the date and amount of each such payment, and
 
(C)
such other information as the Secretary may require.
 
(c)
Statement to be furnished with respect to whom information is required
 
Every person required to make a return under subsection (a) shall furnish to each person whose name is required to be set forth in such return a written statement showing -
 
(1)
the name, address, and phone number of the information contact of the person required to make such a return, and
 
(2)
the aggregate amount of payments to the person required to be shown on the 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 return under subsection (a) is required to be made.
 
(d)
Definitions
 
For purposes of this section:
 
(1)
Cash
 
The term "cash" has the meaning given such term by section 6050I(d).
 
(2)
Fish
 
The term "fish" includes other forms of aquatic life.








Tax Code (Internal Revenue Code) Section Index


U.S. GAAP by Codification Topic
 
105 GAAP Hierarchy
105 GAAP History

205 Presentation of Financial Statements
205-20 Discontinued Operations
210 Balance Sheet
210-20 Offsetting
220 Comprehensive Income
225 Income Statement
225-20 Extraordinary and Unusual Items
230 Statement of Cash Flows
250 Accounting Changes and Error Corrections
260 Earnings per Share
270 Interim Reporting

310 Impairment of a Loan
320 Investment Securities
320 Other-Than-Temporary Impairments, FSP FAS 115-2
320-10-05 Overview of Investments in Other Entities
320-10-35 Reclassification of Investments in Securities
323-10 Equity Method Investments
323-30 Investments in Partnerships and Joint Ventures
325-20 Cost Method Investments
330 Inventory

340-20 Capitalized Advertising Costs
350-20 Goodwill
350-30 Intangibles Other than Goodwill
350-40 Internal-Use Software
350-50 Website Development Costs
360 Property, Plant and Equipment
360-20 Real Estate Sales

410 Asset Retirement and Environmental Obligations
420 Exit or Disposal Cost Obligations
450 Contingencies
450-20 Loss Contingencies
450-30 Gain Contingencies
480 Redeemable Financial Instruments

505-20 Stock Dividends, Stock Splits
505-30 Treasury Stock

605 SEC Staff Accounting Bulletin, Topic 13
605-25 Revenue Recognition - Multiple Element Arrangements

715-30 Defined Benefit Plans - Pension
718 Share-Based Payment
730 Research and Development
730-20 Research and Development Arrangements

805 Business Combinations
810 Consolidation
810 Noncontrolling Interests
810 Consolidation of Variable Interest Entities, SFAS 167

815 Derivatives and Hedging Overview

820 Fair Value Measurements
820 Fair value when the markets are not active, FSP FAS 157-4
825 Fair Value Option

830 Foreign Currency Matters
830-20 Foreign Currency Transactions
830-30 Translation of Financial Statements
835 Interest
835-20 Capitalization of Interest
835-30 Imputation of Interest

840 Leases
840-20 Operating Leases
840-30 Capital Leases
840-40 Sale-Leaseback Transactions
845 Nonmonetary Transactions

855 Subsequent Events
860-20 Sale of Financial Assets, SFAS 166
860-50 Servicing Assets and Liabilities, SFAS 156

985-20 Costs of software to be sold


U.S. GAAP Codification
Accounting Topics
Tax Code (Internal Revenue Code) Section Index




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