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TREAS/IRS RIN: 1545-BG53 Publication ID: Fall 2010 
Title: Information Reporting and Backup Withholding for Payment 
Abstract: The proposed regulations allow a merchant/payee to opt out of the Qualified Payment Card Agent (QPCA) program by giving notice to a QPCA, however, the QPCA would be required to inform the cardholder that the payee is not a participant in the QPCA program and is not a qualified payee. In addition, the QPCA must advise the cardholder/payor of the cardholder/payor's obligation to solicit the TIN of a nonparticipating merchant/payee to which it makes a reportable payment. The proposed regulations also provide that QPCA may furnish the required notifications electronically including by posting a secure Web site. 
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 31    26 CFR 301   
Legal Authority: 26 USC 6041    26 USC 3406    26 USC 7805   
Legal Deadline:  None
Timetable:
Action Date FR Cite
NPRM  07/13/2007  72 FR 38534   
Public Hearing  07/13/2007    
NPRM Comment Period End  10/09/2007    
Final Action  12/00/2010    
Additional Information: REG-163195-05 Drafting attorney: Michael E. Hara (202) 622-7419 Reviewing attorney: James C. Gibbons (202) 622-4910 Treasury attorney: John Parcell (202) 622-2578 CC: PA: Branch 1
Regulatory Flexibility Analysis Required: No  Government Levels Affected: Federal, Local, State, Tribal 
Federalism: No 
Included in the Regulatory Plan: No 
RIN Data Printed in the FR: No 
Agency Contact:
Michael E. Hara
Attorney
Department of the Treasury
Internal Revenue Service
1111 Constitution Avenue NW., Room 5529,
Washington, DC 20224
Phone:202 317-5417
Fax:202 874-9248
Email: michael.e.hara@irscounsel.treas.gov