FAR 4.903 Reporting contract information to the IRS
Section Federal Acquisition Regulation
Facts
- Citation
- FAR 4.903
- Type
- Section
- Text as of
- FAC 2026-01
- Official text
- acquisition.gov
Text from acquisition.gov. Federal Register history from the Federal Register's records of the rules that amended this section.
Text
(a) 26 U.S.C. 6050M, as implemented in 26 CFR, requires heads of Federal executive agencies to report certain information to the IRS.
(b)
(1) The required information applies to contract modifications-
(i) Increasing the amount of a contract awarded before January 1,1989, by $50,000 or more; and
(ii) Entered into on or after April 1,1990.
(2) The reporting requirement also applies to certain contracts and modifications thereto in excess of $25,000 entered into on or after January 1,1989.
(c) The information to report is-
(1) Name, address, and TIN of the contractor;
(2) Name and TIN of the common parent (if any);
(3) Date of the contract action;
(4) Amount obligated on the contract action; and
(5) Estimated contract completion date.
(d) Transmit the information to the IRS through the Federal Procurement Data System (see subpart 4.6 and implementing instructions).
Sections cited
- FAR Subpart 4.6 Contract Reporting
Quick answers
What is FAR 4.903?
FAR 4.903 is a section of the Federal Acquisition Regulation, titled "Reporting contract information to the IRS".
Are changes to FAR 4.903 proposed?
No proposed rule from the last 3 years is waiting on a final rule.
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