Which of the following is correct regarding a payor who is required to file Form 1099-DIV - Dividends and Distributions?

A. A payor is not required to file Form 1099-DIV - Dividends and Distributions unless he or she has paid dividends (including capital gain dividends and exempt-interest dividends) and other distributions on stock of more than $5,000 to one person

B. A payor is not required file Form 1099-DIV - Dividends and Distributions unless he or she has withheld and paid foreign tax on dividends and other distributions on stock of more than $5,000 to one person

C. A payor is not required to file Form 1099-DIV - Dividends and Distributions unless he or she has withheld Federal income tax on dividends under the backup withholding rules of more than $5,000 to one person

D. None of the above