other · IRS · Rule · Published 2006-07-13 · Effective 2006-07-13 · 71 FR 39548
Document
Document number
E6-11010
Federal Register citation
71 FR 39548
CFR reference
26 CFR 1
Type
Rule
Action
Final regulations.
Category
other
Sub-agency
IRS
Publication date
2006-07-13
Effective date
2006-07-13
Treasury docket
TD 9270
Abstract
This document contains final regulations relating to the reporting of payments of gross proceeds to attorneys. The regulations reflect changes to the law made by the Taxpayer Relief Act of 1997 (1997 Act). The final regulations will affect attorneys who receive payments of gross proceeds on behalf of their clients and will affect certain payors (for example, defendants in lawsuits and their insurance companies and agents) that, in the course of their trades or businesses, make payments to these attorneys.