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TREAS/IRS | RIN: 1545-BL34 | Publication ID: Spring 2022 |
Title: Amendments of Information Reporting for Payments Made in Settlement of Payment Card and Third Party Network Transactions | |
Abstract:
The amended regulations will update existing requirements and definitions to provide more clarity to entities required to report with the goal of increasing compliance with 6050W. |
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Agency: Department of the Treasury(TREAS) | Priority: Substantive, Nonsignificant |
RIN Status: Previously published in the Unified Agenda | Agenda Stage of Rulemaking: Proposed Rule Stage |
Major: No | Unfunded Mandates: No |
CFR Citation: 26 CFR 1.6050W-1 26 CFR 34.3406(b)(3)-5 | |
Legal Authority: 26 U.S.C. 7805 26 U.S.C. 6050W |
Legal Deadline:
None |
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Timetable:
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Additional Information: REG-110778-11 (NPRM) Drafter attorney: Casey Conrad (202) 317-5197 Reviewer attorney: Adrienne Griffin (202) 317-5155 Treasury attorney: N/A CC:PA:Branch 1 | |
Regulatory Flexibility Analysis Required: Undetermined | Government Levels Affected: None |
Federalism: No | |
Included in the Regulatory Plan: No | |
RIN Data Printed in the FR: No | |
Agency Contact: Casey Conrad Attorney Department of the Treasury Internal Revenue Service 1111 Constitution Avenue NW., Room 5241, Washington, DC 20224 Phone:202 317-5154 Email: casey.r.conrad@irscounsel.treas.gov |