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TREAS/IRS RIN: 1545-BL34 Publication ID: Spring 2024 
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.

 
Agency: Department of the Treasury(TREAS)  Priority: Substantive, Nonsignificant 
RIN Status: Previously published in the Unified Agenda Agenda Stage of Rulemaking: Long-Term Actions 
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
Timetable:
Action Date FR Cite
NPRM  12/00/2025 
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