Section 6050M

GPTKB entity

Statements (17)
Predicate Object
gptkbp:instanceOf gptkb:United_States_federal_law
gptkbp:annualReport Form 8596
gptkbp:appliesTo government contracts exceeding $25,000
payments made to contractors
gptkbp:codifiedIn 26 U.S.C. § 6050M
gptkbp:enforcedBy gptkb:Internal_Revenue_Service
gptkbp:excludes payments for confidential or classified contracts
payments for utilities
payments to corporations generally
https://www.w3.org/2000/01/rdf-schema#label Section 6050M
gptkbp:partOf gptkb:Internal_Revenue_Code
gptkbp:purpose to improve tax compliance by reporting large government contract payments
gptkbp:relatedTo information reporting requirements
gptkbp:requires federal, state, and local government agencies to report certain contract payments
gptkbp:startDate January 1, 1987
gptkbp:bfsParent gptkb:US_Taxation_of_International_Income
gptkbp:bfsLayer 7