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TREAS/IRS RIN: 1545-BR01 Publication ID: Spring 2024 
Title: ●Information Returns Required Under Section 6041 and 6050W 
Abstract:

Changes the tiebreaker rule in 26 CFR 1.6041-1(a)(1) where information reporting is required under both Section 6041 and 6050W to require reporting under 6041 and not 6050W.

 
Agency: Department of the Treasury(TREAS)  Priority: Substantive, Nonsignificant 
RIN Status: First time published in the Unified Agenda Agenda Stage of Rulemaking: Long-Term Actions 
Major: No  Unfunded Mandates: No 
CFR Citation: 26 CFR 1.6041-1(a)(1)(iv)    26 CFR 1.6041-1(a)(1)(v)    26 CFR 1.6050W-1   
Legal Authority: 26 U.S.C. 6041(a)    26 U.S.C. 6050W(g)    26 U.S.C. 7805   
Legal Deadline:  None
Timetable:
Action Date FR Cite
NPRM  12/00/2025 
Additional Information: Drafting Attorney: William Prater, (202) 317-6251 Reviewing Attorney: Melissa Henkel, (202) 317-5146 Treasury Attorney: Natasha Goldberg, (202) 622-1180 CC:PA REG-115420-23
Regulatory Flexibility Analysis Required: Undetermined  Government Levels Affected: Federal, Local, State, Tribal 
Small Entities Affected: Businesses, Governmental Jurisdictions, Organizations  Federalism: No 
Included in the Regulatory Plan: No 
RIN Data Printed in the FR: No 
Agency Contact:
William Jackson Prater
Attorney
Department of the Treasury
Internal Revenue Service
1111 Constitution Avenue NW, Suite 5560A,
Washington, DC 20224
Phone:202 317-6251
Email: william.j.prater@irscounsel.treas.gov