4.900
Scope of subpart
FAR 4.900 requires agencies to collect contractor TIN and payment information to support federal debt collection and IRS reporting.
Overview
- FAR 4.900 establishes the scope of Subpart 4.9, outlining the policies and procedures for collecting Taxpayer Identification Number (TIN) information and related contract/payment data. The primary purpose is to support federal debt collection efforts and ensure accurate IRS reporting by requiring agencies to obtain and submit necessary contractor information.
Key Rules
- TIN Collection for Debt Collection
- Agencies must obtain TIN information from contractors to facilitate federal debt collection processes.
- Contract and Payment Information for IRS Reporting
- Agencies are required to gather and submit contract and payment details to the payment office for IRS reporting purposes.
Responsibilities
- Contracting Officers: Ensure TIN and relevant contract/payment information is collected and submitted as required.
- Contractors: Provide accurate TIN and payment information when requested.
- Agencies: Oversee compliance with data collection and reporting requirements for IRS and debt collection.
Practical Implications
- This section ensures the government can collect debts and meet IRS reporting obligations by mandating the collection of key contractor information. Failure to comply can result in payment delays or legal issues. Contractors should be prepared to provide accurate TIN and payment data promptly to avoid administrative complications.