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TREAS/IRS RIN: 1545-BL34 Publication ID: Spring 2023 
Title: Amendments of Information Reporting for Payments Made in Settlement of Payment Card and Third Party Network Transactions 

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: Proposed Rule Stage 
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
Action Date FR Cite
NPRM  12/00/2023 
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
Department of the Treasury
Internal Revenue Service
1111 Constitution Avenue NW., Room 5241,
Washington, DC 20224
Phone:202 317-5154