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TREAS/IRS

RIN: 1545-BN27

Publication ID: Fall 2016

Title: Amendments to Regulations Regarding Education Tax Credits and Information Reporting
Abstract: This NPRM contains proposed amendments to regulations relating to education tax credits under section 25(A) and to the regulations applicable to educational institutions that are required under section 6050S to report tuition and related expenses on Form 1098-T. These amendments will also implement Code section 6724 to preclude the Service from imposing a penalty against an educational institution solely because of filing a Form 1098-T or tuition statement with a missing or incorrect TIN of the student.
Agency: Department of the Treasury(TREAS)	Priority: Substantive, Nonsignificant
RIN Status: Previously published in the Unified Agenda	Agenda Stage of Rulemaking: Final Rule Stage
Major: No	Unfunded Mandates: No
CFR Citation: 26 CFR 1
Legal Authority: 26 U.S.C. 25(A) 26 U.S.C. 7805 26 U.S.C. 6050(S)

Legal Deadline: None

Timetable:

Action	Date	FR Cite
NPRM and Notice of Public Hearing	08/02/2016	81 FR 50657
NPRM Comment Period End	10/31/2016
Final Action	06/00/2017

Additional Information: REG-131418-14 NPRM Drafting attorney: Gerald Semasek, CC:PA:01 (202) 317-5414 Reviewing attorney: Blaise G. Dusenberry, STR, CC:PA:01 (202) 317-5405 Treasury Attorney: Rochelle Hodes, Associate Tax Legislative Counsel (202) 622-1787 CC:PA Branch 1
Regulatory Flexibility Analysis Required: No	Government Levels Affected: None
Small Entities Affected: Organizations	Federalism: No
Included in the Regulatory Plan: No
RIN Data Printed in the FR: No
Agency Contact: Gerald Semasek Attorney Department of the Treasury Internal Revenue Service 1111 Constitution Avenue NW, Washington, DC 20024 Phone:202 317-7006 Fax:855 576-2339 Email: gerald.semasek@irscounsel.treas.gov