Additional Actions to Enforce Payment Card Reporting Requirements Could Reduce the Tax Gap
… Inspector General for Tax Administration Audit $0 $0 The Commissioner, Small Business/Self-Employed Division, should … of Payment Card and Third Party Network Transactions, added § 6050W to the Internal Revenue Code (I.R.C.). The … a payer with a TIN or that provide an incorrect TIN. After TIN validation, the IRS sends notices to payers that …