Page:United States Statutes at Large Volume 97.djvu/415

 PUBLIC LAW 98-67—AUG. 5, 1983 97 STAT. 383 "(b) BACKUP WITHHOLDING ON INTEREST AND DIVIDENDS.—I f any individual willfully makes— "(1) any false certification or affirmation on any statement required by a payor in order to meet the due diligence require- ments of section 6676(b), or Ante, p. 380. "(2) a false certification under paragraph (1) or (2)(C) of section 3406(d), Ante, p. 371. then such individual shall, in lieu of any other penalty provided by law (except the penalty provided by section 6682), upon conviction thereof, be fined not more than $1,000, or imprisoned not more than 1 year, or both." SEC. 108. SEPARATE MAILING OF 1099. (a) INTEREST.— Section 6049(c)(2) (relating to time statement must Ante, p. 371. be furnished) is amended to read as follows: "(2) TIME AND FORM OF STATEMENT. —The written statement under paragraph (1)— "(A) shall be furnished (either in person or in a separate mailing by first-class mail) to the person on or before January 31 of the year following the calendar year for which the return under subsection (a) was made, and "(B) shall be in such form as the Secretary may prescribe by regulations." (b) DIVIDENDS.— The second sentence of section 6042(c) (relating to 96 Stat. 587. time statement must be furnished) is amended to read as follows: 26 USC 6042. "The written statement required under the preceding sentence shall be furnished (either in person or in a separate mailing by first-class mail) to the person on or before January 31 of the year following the calendar year for which the return under subsection (a) was made, and shall be in such form as the Secretary may prescribe by regulations. " (c) PATRONAGE DIVIDENDS.— The second sentence of section 6044(e) 96 Stat. 588. (relating to time statement must be furnished) is amended to read as ^^ ^^^ ^^^^• follows: "The written statement required under the preceding sen- tence shall be furnished (either in person or in a separate mailing by first-class mail) to the person on or before January 31 of the year following the calendar year for which the return under subsection (a) was made, and shall be in such form as the Secretary may prescribe by regulations." SEC. 109. RETURNS ON MAGNETIC TAPE. (a) CERTAIN RETURNS MUST BE ON MAGNETIC TAPE.— Subsection (e) of section 6011 (relating to regulations requiring returns on mag- 96 Stat. 610. netic tape, etc.) is amended to read as follows: 26 USC 60ii. "(e) REGULATIONS REQUIRING RETURNS ON MAGNETIC TAPE, ETC.— "(1) IN GENERAL.—The Secretary shall prescribe regulations providing standards for determining which returns must be filed on magnetic media or in other machine-readable form. The Secretary may not require returns of any tax imposed by sub- title A on individuals, estates, and trusts to be other than on 26 USC i. paper forms supplied by the Secretary. In prescribing such regulations, the Secretary shall take into account (among other relevant factors) the ability of the taxpayer to comply at reason- able cost with such a filing requirement. "(2) CERTAIN RETURNS MUST BE FILED ON MAGNETIC MEDIA. — "(A) IN GENERAL. — In the case of any person who is required to file returns under sections 6042(a), 6044(a), and

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