26 CFR · Internal Revenue
§ 31.3406(b)(3)-4 — Reportable payments of royalties.
eCFR · current through Aug 3, 2026
§ 31.3406(b)(3)-4 Reportable payments of royalties.
(a)Royalty payments subject to backup withholding. A payment of a kind, and to a payee, that is required to be reported under section 6050N (relating to information reporting of payments of royalties) 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. In general, the amount described in paragraph (a) of this section that is subject to withholding under section 3406 is the amount subject to reporting under section 6050N. However, if the reportable payment is for an oil or gas interest, the amount subject to withholding is the net amount the payee receives (i.e., the gross proceeds les
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26 C.F.R. § 31.3406(b)(3)-4 (Reportable payments of royalties.) — published by Counsel Stack Legal Research, free access to 12M+ legal documents.
Related
§ 31.3406
26 C.F.R. § 31.3406
§ 31.6051-4
26 C.F.R. § 31.6051-4
Nearby Sections
11
§ 31.3406(b)(2)-4
Reportable dividend payment.§ 31.3406(b)(2)-5
Reportable patronage dividend payment.§ 31.3406(b)(3)-2
Reportable barter exchanges and gross proceeds of sales of securities, commodities, or digital assets by brokers.§ 31.3406(b)(3)-3
Reportable payments by certain fishing boat operators.§ 31.3406(b)(3)-4
Reportable payments of royalties.§ 31.3406(b)(4)-1
Exemption for certain minimal payments.§ 31.3406(d)-2
Payee certification failure.