30303

(a) Any person required to deduct and withhold any tax under the provisions of § 30391(b)(3) of this title shall furnish an information declaration to the recipient of the distribution or payment and file with the Secretary a return relating to the tax deducted and withheld not later than February 28th of the following year. Said information declaration and return shall contain such information and shall be made in such form as the Secretary may prescribe by regulations. If the person making the distribution or payment fails to furnish the information return or to file the return as required under this subsection shall be subject to the penalties established in §§ 33111 and 33121 of this title, respectively. History —Jan. 31, 2011, No. 1, added as § 1063.13 on Dec. 10, 2011, No. 232, § 82.