(a) General rule—(1) Information returns required—(i) Payments required to be reported. Except as otherwise provided in §§1.6041–3 and 1.6041–4, every person engaged in a trade or business shall make an information return for each calendar year with respect to payments it makes during the calendar year in the course of its trade or business to another person of fixed or determinable income described in paragraph (a)(1)(i) (A) or (B) of this section. For purposes of the regulations under this section, the person described in this paragraph (a)(1)(i) is a payor. (a) through (d)(5) [Reserved] For further guidance, see §1.6041–1(a) through (d)(5). (a) Exempted foreign-related items—(1) through (3) [Reserved] For further guidance, see §1.6041–4T(a)(1) through (3). (a) [Reserved] For further guidance, see §1.6041–4(a).