Additional Actions to Enforce Payment Card Reporting Requirements Could Reduce the Tax Gap

The Commissioner, Small Business/Self-Employed Division, should ************* **************2 **************** ***** ******************************** ****** ****2**************************************.

The Commissioner, Small Business/Self-Employed Division, should ensure that the payers that submitted the 10,216 Forms 1099-K TIGTA identified with missing TINs are held liable for the backup withholding that was not withheld from the payees.

The Commissioner, Small Business/Self-Employed Division, should ensure that a comprehensive business case analysis is performed to support decisions to grant transitional relief from legislative reporting and penalty requirements.

The Commissioner, Small Business/Self-Employed Division, should assess penalties on payers that do not comply with Form 1099-K reporting requirements.

The Commissioner, Small Business/Self-Employed Division, should consider initiating a computer programming request to ensure that information returns are accurately identified as having a valid TIN.