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Message: <blockquote data-quote="hispls" data-source="post: 7965617" data-attributes="member: 614752">Please explain what this has to do with gold?SEC. 9006. EXPANSION OF INFORMATION REPORTING REQUIREMENTS.(a) IN GENERAL.—Section 6041 of the Internal Revenue Codeof 1986 is amended by adding at the end the following new subsections:‘‘(h) APPLICATION TO CORPORATIONS.—Notwithstanding anyregulation prescribed by the Secretary before the date of the enactmentof this subsection, for purposes of this section the term ‘person’includes any corporation that is not an organization exempt fromtax under section 501(a).‘‘(i) REGULATIONS.—The Secretary may prescribe such regulationsand other guidance as may be appropriate or necessary tocarry out the purposes of this section, including rules to preventduplicative reporting of transactions.’’.(b) PAYMENTS FOR PROPERTY AND OTHER GROSS PROCEEDS.—Subsection (a) of section 6041 of the Internal Revenue Code of1986 is amended—(1) by inserting ‘‘amounts in consideration for property,’’after ‘‘wages,’’,(2) by inserting ‘‘gross proceeds,’’ after ‘‘emoluments, orother’’, and(3) by inserting ‘‘gross proceeds,’’ after ‘‘setting forth theamount of such’’.© EFFECTIVE DATE.—The amendments made by this sectionshall apply to payments made after December 31, 2011.</blockquote>

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