Removal of the Qualified Payment Card Agent Program
other · IRS · Rule · Published 2014-10-27 · Effective 2014-10-27 · 79 FR 63811
Document
Document number
2014-25475
Federal Register citation
79 FR 63811
CFR reference
26 CFR 31
Type
Rule
Action
Final regulations.
Category
other
Sub-agency
IRS
Publication date
2014-10-27
Effective date
2014-10-27
Treasury docket
TD 9699
Abstract
This document contains final regulations that will remove regulations relating to information reporting and backup withholding for the Qualified Payment Card Agent (QPCA) Program. This document also amends regulations to remove references to the QPCA Program. Enactment of the payment card and third party network reporting requirements in the Housing Assistance Tax Act of 2008 made the QPCA Program obsolete. Because no payors have applied to be designated as a QPCA (and no payors have been designated as a QPCA), no taxpayers will be affected by these final regulations.