48 CFR 4.903

4.903 Reporting contract information to the IRS.

United States · 48 CFR — Federal Acquisition Regulations System · Status: effective

Cite this

Citation: 48 CFR 4.903, 4.903 Reporting contract information to the IRS, United States, version 1 as recorded 2026-07-09, yourstate.us, https://yourstate.us/provision/239121
Permanent ID: ys:prov:239121@1
SHA-256: 0760ec02ebfbc729b1778f0d30f8e98bb9339c4894cb6aa55e6dabd8363098a1

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Full text

(a) 26 U.S.C. 6050M, as implemented in 26 CFR, requires heads of Federal executive agencies to report certain information to the IRS. (b)(1) The required information applies to contract modifications— (i) Increasing the amount of a contract awarded before January 1, 1989, by $50,000 or more; and (ii) Entered into on or after April 1, 1990. (2) The reporting requirement also applies to certain contracts and modifications thereto in excess of $25,000 entered into on or after January 1, 1989. (c) The information to report is— (1) Name, address, and TIN of the contractor; (2) Name and TIN of the common parent (if any); (3) Date of the contract action; (4) Amount obligated on the contract action; and (5) Estimated contract completion date. (d) Transmit the information to the IRS through the Federal Procurement Data System (see Subpart 4.6 and implementing instructions).

Legislative history

This is a federal regulation, adopted through agency rulemaking under the Administrative Procedure Act — not enacted by a recorded vote of Congress.