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A broker is any person who, in the
ordinary course of a trade or business, stands ready to effect sales
to be made by others. A broker may include a U.S. or foreign person
or a governmental unit and any subsidiary agency.
You are considered a broker if:
- You are an obligor that
regularly issues and retires its own debt obligations or
- You are a corporation that
regularly redeems its own stock.
However, for a sale, redemption, or
retirement at an office outside the United States, only a U.S. payer
or U.S. middleman is a broker. See Regulations sections
1.6045-1(g)(1) and 1.6049-5(c)(5).
You are not considered a broker if:
- You are a corporation that
purchases odd-lot shares from its stockholders on an
irregular basis (unless facts indicate otherwise),
- You manage a farm for
someone else, or
- You are an international
organization that redeems or retires its own debt. See
Regulations section 1.6045-1(a)(1).
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