date The amendments made by this subsection shall apply to amounts received in taxable years beginning after December 31, 2023. (d) Reporting requirements (1) In general Subpart B of part III of subchapter A of chapter 61, as amended by this Act, is amended by adding at the end the following new section: 6050BB. Returns relating to amounts received under certain life insurance and annuity contracts (a) In general Every person who issues a life insurance or annuity contract or who reinsures such a contract shall make an annual return (at such time and in such manner as the Secretary shall prescribe) setting forth— (1) the name, address, and TIN of such person, (2) the name, address, and TIN of each person who receives an applicable amount (as defined in section 72(e)(12)) during the year with respect to any life insurance or annuity contract issued or reinsured by such person, (3) the aggregate applicable amounts received by each person identified in paragraph (2), and (4) such other information as the Secretary may require. (b) Statement To be furnished to taxpayers with respect to whom information is required (1) In general Every person that is required to make a return under subsection (a) shall furnish to each person whose identity is required to be set forth under subsection (a)(2) a written statement showing— (A) the name, address, and phone number of the information contact of the person required to make such return, and (B) the information required to be shown on such return with respect to the person described in subsection (a)(2) and with respect to applicable amounts received by such person. (2) Furnishing of information The written statement required under paragraph (1) shall be furnished to the person on or before January 31 of the year following the calendar year for which the return under subsection (a) is required to be made. (c) Regulatory authority The Secretary may prescribe such regulations and other guidance as necessary for purposes of carrying out this section, including regulations or