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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 
EO 13771 Designation: uncollected 
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:202 317-5414
Fax:202 317-5410
Email: gerald.semasek@irscounsel.treas.gov