Information Reporting for Payments Made in Settlement of Payment Card and Third-Party Network Transactions

This information collection covers final regulations implementing mendments to the Income Tax Regulations (26 CFR part 1) relating to information reporting under sections 6041, 6041A, 6050W, and 6051 of the Internal Revenue Code (Code). The form reflects payments made in settlement of merchant card and third-party network transactions for purchases of goods and/or services made with merchant cards and through third-party networks.

The latest form for Information Reporting for Payments Made in Settlement of Payment Card and Third-Party Network Transactions expires 2023-01-31 and can be found here.