Information Reporting Requirements for Certain Payments Made on Behalf of Another Person, Payments to Joint Payees, and Payments of Gross Proceeds From Sales Involving Investment Advisors
other · IRS · Rule · Published 2002-07-26 · Effective 2003-01-01 · 67 FR 48754
Document
Document number
02-18793
Federal Register citation
67 FR 48754
CFR reference
26 CFR 1
Type
Rule
Action
Final regulations and removal of temporary regulations
Category
other
Sub-agency
IRS
Publication date
2002-07-26
Effective date
2003-01-01
Treasury docket
TD 9010
Abstract
This document contains regulations under section 6041 that provide information reporting requirements for escrow agents and other persons making payments on behalf of another person, clarify who is the payee for information reporting purposes if a check or other instrument is made payable to joint payees, and clarify the amount to be reported. This document also contains regulations under section 6045 that incorporate the provisions of temporary regulations, which are removed, and that remove investment advisors from the list of exempt recipients.