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In general

There is a payee certification failure unless the payee has certified to the payor, under penalty of perjury, that such payee is not subject to withholding under subsection (a)(1)(C).

in view

Whole section

▸rulespec code

Shown source

statutes/26/3406/d.yaml

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Rules

broker_notification_outer_limit_days

Parameter

source: 26 USC 3406(d)(2)(B)

- name: broker_notification_outer_limit_days
  kind: parameter
  dtype: Count
  source: 26 USC 3406(d)(2)(B)
  metadata:
    proof:
      atoms:
        - path: versions[0].formula
          kind: amount
          source:
            corpus_citation_path: us/statute/26/3406
            excerpt: but not later than 15 days after such acquisition
  versions:
    - effective_from: '1990-01-01'
      formula: '15'

payee_certification_failure_described_in_subsection_d

Derived

source: 26 USC 3406(d)(1)

- name: payee_certification_failure_described_in_subsection_d
  kind: derived
  entity: Person
  dtype: Judgment
  period: Year
  source: 26 USC 3406(d)(1)
  metadata:
    proof:
      atoms:
        - path: versions[0].formula
          kind: definition
          source:
            corpus_citation_path: us/statute/26/3406
            excerpt: >-
              There is a payee certification failure unless the payee has certified to the payor,
              under penalty of perjury
        - path: versions[0].formula
          kind: condition
          source:
            corpus_citation_path: us/statute/26/3406
            excerpt: that such payee is not subject to withholding under subsection (a)(1)(C)
  versions:
    - effective_from: '1990-01-01'
      formula: >-
        not
        payee_certified_to_payor_under_penalty_of_perjury_not_subject_to_withholding_under_subsection_a_1_C

certification_to_broker_is_timely_for_readily_tradable_instrument

Derived

source: 26 USC 3406(d)(2)(C)

- name: certification_to_broker_is_timely_for_readily_tradable_instrument
  kind: derived
  entity: Payment
  dtype: Judgment
  period: Year
  source: 26 USC 3406(d)(2)(C)
  metadata:
    proof:
      atoms:
        - path: versions[0].formula
          kind: condition
          source:
            corpus_citation_path: us/statute/26/3406
            excerpt: readily tradable instrument acquired by a payee through a broker
        - path: versions[0].formula
          kind: condition
          source:
            corpus_citation_path: us/statute/26/3406
            excerpt: after the payee’s account with the broker was established and before the acquisition
        - path: versions[0].formula
          kind: condition
          source:
            corpus_citation_path: us/statute/26/3406
            excerpt: in connection with the acquisition of such instrument
  versions:
    - effective_from: '1990-01-01'
      formula: |-
        readily_tradable_instrument_acquired_by_payee_through_broker
        and (
            payee_provided_certification_to_broker_after_account_established_and_before_acquisition
            or payee_provided_certification_to_broker_in_connection_with_acquisition
        )

existing_brokerage_account_exception_to_broker_notification

Derived

source: 26 USC 3406(d)(4)

- name: existing_brokerage_account_exception_to_broker_notification
  kind: derived
  entity: Payment
  dtype: Judgment
  period: Year
  source: 26 USC 3406(d)(4)
  metadata:
    proof:
      atoms:
        - path: versions[0].formula
          kind: exception
          source:
            corpus_citation_path: us/statute/26/3406
            excerpt: Subparagraph (B) of paragraph (2) shall not apply
        - path: versions[0].formula
          kind: condition
          source:
            corpus_citation_path: us/statute/26/3406
            excerpt: such account was established before January 1, 1984
        - path: versions[0].formula
          kind: condition
          source:
            corpus_citation_path: us/statute/26/3406
            excerpt: >-
              during 1983, such broker bought or sold instruments for the payee (or acted as a
              nominee for the payee) through such account
        - path: versions[0].formula
          kind: exception
          source:
            corpus_citation_path: us/statute/26/3406
            excerpt: >-
              shall not apply with respect to any readily tradable instrument acquired through such
              account after the broker was notified
  versions:
    - effective_from: '1990-01-01'
      formula: >-
        readily_tradable_instrument_acquired_through_broker_account

        and broker_account_established_before_transition_date

        and
        broker_bought_or_sold_instruments_or_acted_as_nominee_for_payee_through_such_account_during_transition_year

        and not
        instrument_acquired_through_such_account_after_broker_was_notified_by_secretary_payee_subject_to_withholding_under_subsection_a_1_C

broker_must_notify_payor_of_withholding_subject_status

Derived

source: 26 USC 3406(d)(2)(B), 3406(d)(4)

- name: broker_must_notify_payor_of_withholding_subject_status
  kind: derived
  entity: Payment
  dtype: Judgment
  period: Year
  source: 26 USC 3406(d)(2)(B), 3406(d)(4)
  metadata:
    proof:
      atoms:
        - path: versions[0].formula
          kind: condition
          source:
            corpus_citation_path: us/statute/26/3406
            excerpt: a payee acquires any readily tradable instrument through a broker
        - path: versions[0].formula
          kind: condition
          source:
            corpus_citation_path: us/statute/26/3406
            excerpt: the payee fails to furnish his TIN to the broker
        - path: versions[0].formula
          kind: condition
          source:
            corpus_citation_path: us/statute/26/3406
            excerpt: >-
              the Secretary notifies such broker before such acquisition that the TIN furnished by
              the payee is incorrect
        - path: versions[0].formula
          kind: condition
          source:
            corpus_citation_path: us/statute/26/3406
            excerpt: >-
              the Secretary notifies such broker before such acquisition that such payee is subject
              to withholding
        - path: versions[0].formula
          kind: condition
          source:
            corpus_citation_path: us/statute/26/3406
            excerpt: the payee does not provide a certification to such broker under subparagraph (C)
        - path: versions[0].formula
          kind: import
          import:
            target: >-
              us:statutes/26/3406/d#certification_to_broker_is_timely_for_readily_tradable_instrument
            output: certification_to_broker_is_timely_for_readily_tradable_instrument
            hash: sha256:local
        - path: versions[0].formula
          kind: import
          import:
            target: us:statutes/26/3406/d#existing_brokerage_account_exception_to_broker_notification
            output: existing_brokerage_account_exception_to_broker_notification
            hash: sha256:local
  versions:
    - effective_from: '1990-01-01'
      formula: |-
        readily_tradable_instrument_acquired_by_payee_through_broker
        and (
            payee_fails_to_furnish_tin_to_broker_in_required_manner
            or secretary_notified_broker_before_acquisition_that_tin_furnished_by_payee_is_incorrect
            or secretary_notified_broker_before_acquisition_that_payee_is_subject_to_withholding_under_subsection_a_1_C
            or not certification_to_broker_is_timely_for_readily_tradable_instrument
        )
        and not existing_brokerage_account_exception_to_broker_notification

broker_notification_within_statutory_outer_limit

Derived

source: 26 USC 3406(d)(2)(B)

- name: broker_notification_within_statutory_outer_limit
  kind: derived
  entity: Payment
  dtype: Judgment
  period: Year
  source: 26 USC 3406(d)(2)(B)
  metadata:
    proof:
      atoms:
        - path: versions[0].formula
          kind: condition
          source:
            corpus_citation_path: us/statute/26/3406
            excerpt: such broker shall, within such period as the Secretary may prescribe by regulations
        - path: versions[0].formula
          kind: amount
          source:
            corpus_citation_path: us/statute/26/3406
            excerpt: but not later than 15 days after such acquisition
        - path: versions[0].formula
          kind: import
          import:
            target: us:statutes/26/3406/d#broker_notification_outer_limit_days
            output: broker_notification_outer_limit_days
            hash: sha256:local
        - path: versions[0].formula
          kind: import
          import:
            target: us:statutes/26/3406/d#broker_must_notify_payor_of_withholding_subject_status
            output: broker_must_notify_payor_of_withholding_subject_status
            hash: sha256:local
  versions:
    - effective_from: '1990-01-01'
      formula: >-
        broker_must_notify_payor_of_withholding_subject_status

        and days_after_acquisition_when_broker_notifies_payor <=
        broker_notification_outer_limit_days

readily_tradable_instrument_pre_existing_account_condition_for_subsection_a_certification_failure

Derived

source: 26 USC 3406(d)(2)(A)

- name: >-
    readily_tradable_instrument_pre_existing_account_condition_for_subsection_a_certification_failure
  kind: derived
  entity: Payment
  dtype: Judgment
  period: Year
  source: 26 USC 3406(d)(2)(A)
  metadata:
    proof:
      atoms:
        - path: versions[0].formula
          kind: condition
          source:
            corpus_citation_path: us/statute/26/3406
            excerpt: >-
              any reportable interest or dividend payment to any payee on any readily tradable
              instrument
        - path: versions[0].formula
          kind: condition
          source:
            corpus_citation_path: us/statute/26/3406
            excerpt: >-
              if (and only if) the payor was notified by a broker under subparagraph (B) or no
              certification was provided
        - path: versions[0].formula
          kind: condition
          source:
            corpus_citation_path: us/statute/26/3406
            excerpt: such instrument was acquired directly by the payee from the payor
        - path: versions[0].formula
          kind: condition
          source:
            corpus_citation_path: us/statute/26/3406
            excerpt: such instrument is held by the payor as nominee for the payee
  versions:
    - effective_from: '1990-01-01'
      formula: |-
        reportable_interest_or_dividend_payment
        and payment_on_readily_tradable_instrument
        and (
            payor_was_notified_by_broker_under_subparagraph_B
            or no_certification_was_provided_to_payor_by_payee_under_paragraph_1
        )
        and (
            instrument_acquired_directly_by_payee_from_payor
            or instrument_held_by_payor_as_nominee_for_payee
        )

loading…

us/statute/26/3406/d/1 — In general · Axiom

In general

Official source

There is a payee certification failure unless the payee has certified to the payor, under penalty of perjury, that such payee is not subject to withholding under subsection (a)(1)(C).

in view

Whole section

▸rulespec code

Shown source

statutes/26/3406/d.yaml

Displaying the canonical repository encoding.

This encoding covers the parent provision us/statute/26/3406/d; no dedicated encoding exists for this exact provision yet.

View on GitHub

Rules

broker_notification_outer_limit_days

Parameter

source: 26 USC 3406(d)(2)(B)

- name: broker_notification_outer_limit_days
  kind: parameter
  dtype: Count
  source: 26 USC 3406(d)(2)(B)
  metadata:
    proof:
      atoms:
        - path: versions[0].formula
          kind: amount
          source:
            corpus_citation_path: us/statute/26/3406
            excerpt: but not later than 15 days after such acquisition
  versions:
    - effective_from: '1990-01-01'
      formula: '15'

payee_certification_failure_described_in_subsection_d

Derived

source: 26 USC 3406(d)(1)

- name: payee_certification_failure_described_in_subsection_d
  kind: derived
  entity: Person
  dtype: Judgment
  period: Year
  source: 26 USC 3406(d)(1)
  metadata:
    proof:
      atoms:
        - path: versions[0].formula
          kind: definition
          source:
            corpus_citation_path: us/statute/26/3406
            excerpt: >-
              There is a payee certification failure unless the payee has certified to the payor,
              under penalty of perjury
        - path: versions[0].formula
          kind: condition
          source:
            corpus_citation_path: us/statute/26/3406
            excerpt: that such payee is not subject to withholding under subsection (a)(1)(C)
  versions:
    - effective_from: '1990-01-01'
      formula: >-
        not
        payee_certified_to_payor_under_penalty_of_perjury_not_subject_to_withholding_under_subsection_a_1_C

certification_to_broker_is_timely_for_readily_tradable_instrument

Derived

source: 26 USC 3406(d)(2)(C)

- name: certification_to_broker_is_timely_for_readily_tradable_instrument
  kind: derived
  entity: Payment
  dtype: Judgment
  period: Year
  source: 26 USC 3406(d)(2)(C)
  metadata:
    proof:
      atoms:
        - path: versions[0].formula
          kind: condition
          source:
            corpus_citation_path: us/statute/26/3406
            excerpt: readily tradable instrument acquired by a payee through a broker
        - path: versions[0].formula
          kind: condition
          source:
            corpus_citation_path: us/statute/26/3406
            excerpt: after the payee’s account with the broker was established and before the acquisition
        - path: versions[0].formula
          kind: condition
          source:
            corpus_citation_path: us/statute/26/3406
            excerpt: in connection with the acquisition of such instrument
  versions:
    - effective_from: '1990-01-01'
      formula: |-
        readily_tradable_instrument_acquired_by_payee_through_broker
        and (
            payee_provided_certification_to_broker_after_account_established_and_before_acquisition
            or payee_provided_certification_to_broker_in_connection_with_acquisition
        )

existing_brokerage_account_exception_to_broker_notification

Derived

source: 26 USC 3406(d)(4)

- name: existing_brokerage_account_exception_to_broker_notification
  kind: derived
  entity: Payment
  dtype: Judgment
  period: Year
  source: 26 USC 3406(d)(4)
  metadata:
    proof:
      atoms:
        - path: versions[0].formula
          kind: exception
          source:
            corpus_citation_path: us/statute/26/3406
            excerpt: Subparagraph (B) of paragraph (2) shall not apply
        - path: versions[0].formula
          kind: condition
          source:
            corpus_citation_path: us/statute/26/3406
            excerpt: such account was established before January 1, 1984
        - path: versions[0].formula
          kind: condition
          source:
            corpus_citation_path: us/statute/26/3406
            excerpt: >-
              during 1983, such broker bought or sold instruments for the payee (or acted as a
              nominee for the payee) through such account
        - path: versions[0].formula
          kind: exception
          source:
            corpus_citation_path: us/statute/26/3406
            excerpt: >-
              shall not apply with respect to any readily tradable instrument acquired through such
              account after the broker was notified
  versions:
    - effective_from: '1990-01-01'
      formula: >-
        readily_tradable_instrument_acquired_through_broker_account

        and broker_account_established_before_transition_date

        and
        broker_bought_or_sold_instruments_or_acted_as_nominee_for_payee_through_such_account_during_transition_year

        and not
        instrument_acquired_through_such_account_after_broker_was_notified_by_secretary_payee_subject_to_withholding_under_subsection_a_1_C

broker_must_notify_payor_of_withholding_subject_status

Derived

source: 26 USC 3406(d)(2)(B), 3406(d)(4)

- name: broker_must_notify_payor_of_withholding_subject_status
  kind: derived
  entity: Payment
  dtype: Judgment
  period: Year
  source: 26 USC 3406(d)(2)(B), 3406(d)(4)
  metadata:
    proof:
      atoms:
        - path: versions[0].formula
          kind: condition
          source:
            corpus_citation_path: us/statute/26/3406
            excerpt: a payee acquires any readily tradable instrument through a broker
        - path: versions[0].formula
          kind: condition
          source:
            corpus_citation_path: us/statute/26/3406
            excerpt: the payee fails to furnish his TIN to the broker
        - path: versions[0].formula
          kind: condition
          source:
            corpus_citation_path: us/statute/26/3406
            excerpt: >-
              the Secretary notifies such broker before such acquisition that the TIN furnished by
              the payee is incorrect
        - path: versions[0].formula
          kind: condition
          source:
            corpus_citation_path: us/statute/26/3406
            excerpt: >-
              the Secretary notifies such broker before such acquisition that such payee is subject
              to withholding
        - path: versions[0].formula
          kind: condition
          source:
            corpus_citation_path: us/statute/26/3406
            excerpt: the payee does not provide a certification to such broker under subparagraph (C)
        - path: versions[0].formula
          kind: import
          import:
            target: >-
              us:statutes/26/3406/d#certification_to_broker_is_timely_for_readily_tradable_instrument
            output: certification_to_broker_is_timely_for_readily_tradable_instrument
            hash: sha256:local
        - path: versions[0].formula
          kind: import
          import:
            target: us:statutes/26/3406/d#existing_brokerage_account_exception_to_broker_notification
            output: existing_brokerage_account_exception_to_broker_notification
            hash: sha256:local
  versions:
    - effective_from: '1990-01-01'
      formula: |-
        readily_tradable_instrument_acquired_by_payee_through_broker
        and (
            payee_fails_to_furnish_tin_to_broker_in_required_manner
            or secretary_notified_broker_before_acquisition_that_tin_furnished_by_payee_is_incorrect
            or secretary_notified_broker_before_acquisition_that_payee_is_subject_to_withholding_under_subsection_a_1_C
            or not certification_to_broker_is_timely_for_readily_tradable_instrument
        )
        and not existing_brokerage_account_exception_to_broker_notification

broker_notification_within_statutory_outer_limit

Derived

source: 26 USC 3406(d)(2)(B)

- name: broker_notification_within_statutory_outer_limit
  kind: derived
  entity: Payment
  dtype: Judgment
  period: Year
  source: 26 USC 3406(d)(2)(B)
  metadata:
    proof:
      atoms:
        - path: versions[0].formula
          kind: condition
          source:
            corpus_citation_path: us/statute/26/3406
            excerpt: such broker shall, within such period as the Secretary may prescribe by regulations
        - path: versions[0].formula
          kind: amount
          source:
            corpus_citation_path: us/statute/26/3406
            excerpt: but not later than 15 days after such acquisition
        - path: versions[0].formula
          kind: import
          import:
            target: us:statutes/26/3406/d#broker_notification_outer_limit_days
            output: broker_notification_outer_limit_days
            hash: sha256:local
        - path: versions[0].formula
          kind: import
          import:
            target: us:statutes/26/3406/d#broker_must_notify_payor_of_withholding_subject_status
            output: broker_must_notify_payor_of_withholding_subject_status
            hash: sha256:local
  versions:
    - effective_from: '1990-01-01'
      formula: >-
        broker_must_notify_payor_of_withholding_subject_status

        and days_after_acquisition_when_broker_notifies_payor <=
        broker_notification_outer_limit_days

readily_tradable_instrument_pre_existing_account_condition_for_subsection_a_certification_failure

Derived

source: 26 USC 3406(d)(2)(A)

- name: >-
    readily_tradable_instrument_pre_existing_account_condition_for_subsection_a_certification_failure
  kind: derived
  entity: Payment
  dtype: Judgment
  period: Year
  source: 26 USC 3406(d)(2)(A)
  metadata:
    proof:
      atoms:
        - path: versions[0].formula
          kind: condition
          source:
            corpus_citation_path: us/statute/26/3406
            excerpt: >-
              any reportable interest or dividend payment to any payee on any readily tradable
              instrument
        - path: versions[0].formula
          kind: condition
          source:
            corpus_citation_path: us/statute/26/3406
            excerpt: >-
              if (and only if) the payor was notified by a broker under subparagraph (B) or no
              certification was provided
        - path: versions[0].formula
          kind: condition
          source:
            corpus_citation_path: us/statute/26/3406
            excerpt: such instrument was acquired directly by the payee from the payor
        - path: versions[0].formula
          kind: condition
          source:
            corpus_citation_path: us/statute/26/3406
            excerpt: such instrument is held by the payor as nominee for the payee
  versions:
    - effective_from: '1990-01-01'
      formula: |-
        reportable_interest_or_dividend_payment
        and payment_on_readily_tradable_instrument
        and (
            payor_was_notified_by_broker_under_subparagraph_B
            or no_certification_was_provided_to_payor_by_payee_under_paragraph_1
        )
        and (
            instrument_acquired_directly_by_payee_from_payor
            or instrument_held_by_payor_as_nominee_for_payee
        )