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Tool Name: AI-Powered FAR Navigator Tool by CLEATUS AI
Purpose: To simplify and accelerate the process of understanding the Federal Acquisition Regulation (FAR) for government contractors.
Key Features:
- Provides AI-generated, plain-English summaries for all FAR clauses.
- Highlights relationships and dependencies between different FAR sections and clauses.
- Offers a searchable, browsable, and interactive interface for the entire FAR document.
- Includes a free-to-use search and navigation tool.
Target Audience: Small-to-mid-sized government contractors, proposal writers, and compliance officers who need to quickly understand FAR requirements.
Primary Benefit: Reduces the time and effort required to interpret complex legal and regulatory language, improving efficiency and compliance.

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4.903 - Reporting contract information to the IRS | FAR Navigator

4.903

Reporting contract information to the IRS

Federal agencies must report specific contract and contractor information for qualifying contracts and modifications to the IRS via the FPDS to ensure tax compliance.

Overview

FAR 4.903 outlines the requirements for federal agencies to report specific contract information to the Internal Revenue Service (IRS) in accordance with 26 U.S.C. 6050M and its implementing regulations. This section details which contracts and modifications are subject to reporting, the information that must be provided, and the method of transmission. The regulation ensures that the IRS receives timely and accurate data on federal contract actions for tax compliance and oversight purposes.

Key Rules

Reporting Requirement Trigger
- Agencies must report contract modifications that increase the value of contracts awarded before January 1, 1989, by $50,000 or more, and all contracts or modifications entered into on or after April 1, 1990.
Threshold for Reporting
- Contracts and modifications exceeding $25,000 entered into on or after January 1, 1989, must also be reported.
Information to Report
- Agencies must report the contractor's name, address, TIN, common parent (if any), contract action date, amount obligated, and estimated completion date.
Reporting Method
- All required information must be transmitted to the IRS via the Federal Procurement Data System (FPDS), following subpart 4.6 and relevant instructions.

Responsibilities

Contracting Officers: Ensure all required contract information is collected and reported through FPDS for applicable contracts and modifications.
Contractors: Provide accurate and complete taxpayer identification and related information as required.
Agencies: Oversee compliance with reporting requirements and maintain accurate records for IRS reporting.

Practical Implications

This regulation exists to facilitate IRS oversight of federal contracts for tax purposes.
Accurate and timely reporting is critical to avoid compliance issues and potential penalties.
Common pitfalls include missing or incorrect TINs, incomplete data, or failure to report qualifying contract actions.

Contract Modifications Increasing Value by $50,000+ (pre-1989 contracts)

Contracts > $25,000

Contracts Awarded On or After April 1, 1990

Contracts Awarded On or After January 1, 1989

Collect contractor name, address, and Taxpayer Identification Number (TIN).

Determine and record the common parent’s name and TIN, if applicable.

Ensure accuracy and completeness of all reported data.

Identify contracts and modifications subject to IRS reporting based on date and dollar thresholds.

Record the date of the contract action, amount obligated, and estimated completion date.

Transmit all required information to the IRS through the Federal Procurement Data System (FPDS) following subpart 4.6 instructions.

References done in this section

4.6Contract Reporting

4.9Taxpayer Identification Number Information

26 U.S.C. 6050M

4.903

Reporting contract information to the IRS

Federal agencies must report specific contract and contractor information for qualifying contracts and modifications to the IRS via the FPDS to ensure tax compliance.

Overview

Key Rules

Reporting Requirement Trigger
- Agencies must report contract modifications that increase the value of contracts awarded before January 1, 1989, by $50,000 or more, and all contracts or modifications entered into on or after April 1, 1990.
Threshold for Reporting
- Contracts and modifications exceeding $25,000 entered into on or after January 1, 1989, must also be reported.
Information to Report
- Agencies must report the contractor's name, address, TIN, common parent (if any), contract action date, amount obligated, and estimated completion date.
Reporting Method
- All required information must be transmitted to the IRS via the Federal Procurement Data System (FPDS), following subpart 4.6 and relevant instructions.

Responsibilities

Contracting Officers: Ensure all required contract information is collected and reported through FPDS for applicable contracts and modifications.
Contractors: Provide accurate and complete taxpayer identification and related information as required.
Agencies: Oversee compliance with reporting requirements and maintain accurate records for IRS reporting.

Practical Implications

This regulation exists to facilitate IRS oversight of federal contracts for tax purposes.
Accurate and timely reporting is critical to avoid compliance issues and potential penalties.
Common pitfalls include missing or incorrect TINs, incomplete data, or failure to report qualifying contract actions.

Contract Modifications Increasing Value by $50,000+ (pre-1989 contracts)

Contracts > $25,000

Contracts Awarded On or After April 1, 1990

Contracts Awarded On or After January 1, 1989

Collect contractor name, address, and Taxpayer Identification Number (TIN).

Determine and record the common parent’s name and TIN, if applicable.

Ensure accuracy and completeness of all reported data.

Identify contracts and modifications subject to IRS reporting based on date and dollar thresholds.

Record the date of the contract action, amount obligated, and estimated completion date.

Transmit all required information to the IRS through the Federal Procurement Data System (FPDS) following subpart 4.6 instructions.

References done in this section

4.6Contract Reporting

4.9Taxpayer Identification Number Information

26 U.S.C. 6050M

4.903

Reporting contract information to the IRS

Federal agencies must report specific contract and contractor information for qualifying contracts and modifications to the IRS via the FPDS to ensure tax compliance.

Overview

Key Rules

Reporting Requirement Trigger
- Agencies must report contract modifications that increase the value of contracts awarded before January 1, 1989, by $50,000 or more, and all contracts or modifications entered into on or after April 1, 1990.
Threshold for Reporting
- Contracts and modifications exceeding $25,000 entered into on or after January 1, 1989, must also be reported.
Information to Report
- Agencies must report the contractor's name, address, TIN, common parent (if any), contract action date, amount obligated, and estimated completion date.
Reporting Method
- All required information must be transmitted to the IRS via the Federal Procurement Data System (FPDS), following subpart 4.6 and relevant instructions.

Responsibilities

Contracting Officers: Ensure all required contract information is collected and reported through FPDS for applicable contracts and modifications.
Contractors: Provide accurate and complete taxpayer identification and related information as required.
Agencies: Oversee compliance with reporting requirements and maintain accurate records for IRS reporting.

Practical Implications

This regulation exists to facilitate IRS oversight of federal contracts for tax purposes.
Accurate and timely reporting is critical to avoid compliance issues and potential penalties.
Common pitfalls include missing or incorrect TINs, incomplete data, or failure to report qualifying contract actions.

4.903

Reporting contract information to the IRS

Federal agencies must report specific contract and contractor information for qualifying contracts and modifications to the IRS via the FPDS to ensure tax compliance.

Overview

Key Rules

Reporting Requirement Trigger
- Agencies must report contract modifications that increase the value of contracts awarded before January 1, 1989, by $50,000 or more, and all contracts or modifications entered into on or after April 1, 1990.
Threshold for Reporting
- Contracts and modifications exceeding $25,000 entered into on or after January 1, 1989, must also be reported.
Information to Report
- Agencies must report the contractor's name, address, TIN, common parent (if any), contract action date, amount obligated, and estimated completion date.
Reporting Method
- All required information must be transmitted to the IRS via the Federal Procurement Data System (FPDS), following subpart 4.6 and relevant instructions.

Responsibilities

Contracting Officers: Ensure all required contract information is collected and reported through FPDS for applicable contracts and modifications.
Contractors: Provide accurate and complete taxpayer identification and related information as required.
Agencies: Oversee compliance with reporting requirements and maintain accurate records for IRS reporting.

Practical Implications

This regulation exists to facilitate IRS oversight of federal contracts for tax purposes.
Accurate and timely reporting is critical to avoid compliance issues and potential penalties.
Common pitfalls include missing or incorrect TINs, incomplete data, or failure to report qualifying contract actions.

4.903

Reporting contract information to the IRS

Federal agencies must report specific contract and contractor information for qualifying contracts and modifications to the IRS via the FPDS to ensure tax compliance.

Overview

Key Rules

Reporting Requirement Trigger
- Agencies must report contract modifications that increase the value of contracts awarded before January 1, 1989, by $50,000 or more, and all contracts or modifications entered into on or after April 1, 1990.
Threshold for Reporting
- Contracts and modifications exceeding $25,000 entered into on or after January 1, 1989, must also be reported.
Information to Report
- Agencies must report the contractor's name, address, TIN, common parent (if any), contract action date, amount obligated, and estimated completion date.
Reporting Method
- All required information must be transmitted to the IRS via the Federal Procurement Data System (FPDS), following subpart 4.6 and relevant instructions.

Responsibilities

Contracting Officers: Ensure all required contract information is collected and reported through FPDS for applicable contracts and modifications.
Contractors: Provide accurate and complete taxpayer identification and related information as required.
Agencies: Oversee compliance with reporting requirements and maintain accurate records for IRS reporting.

Practical Implications

This regulation exists to facilitate IRS oversight of federal contracts for tax purposes.
Accurate and timely reporting is critical to avoid compliance issues and potential penalties.
Common pitfalls include missing or incorrect TINs, incomplete data, or failure to report qualifying contract actions.

4.903

Reporting contract information to the IRS

Federal agencies must report specific contract and contractor information for qualifying contracts and modifications to the IRS via the FPDS to ensure tax compliance.

Overview

Key Rules

Reporting Requirement Trigger
- Agencies must report contract modifications that increase the value of contracts awarded before January 1, 1989, by $50,000 or more, and all contracts or modifications entered into on or after April 1, 1990.
Threshold for Reporting
- Contracts and modifications exceeding $25,000 entered into on or after January 1, 1989, must also be reported.
Information to Report
- Agencies must report the contractor's name, address, TIN, common parent (if any), contract action date, amount obligated, and estimated completion date.
Reporting Method
- All required information must be transmitted to the IRS via the Federal Procurement Data System (FPDS), following subpart 4.6 and relevant instructions.

Responsibilities

Contracting Officers: Ensure all required contract information is collected and reported through FPDS for applicable contracts and modifications.
Contractors: Provide accurate and complete taxpayer identification and related information as required.
Agencies: Oversee compliance with reporting requirements and maintain accurate records for IRS reporting.

Practical Implications

This regulation exists to facilitate IRS oversight of federal contracts for tax purposes.
Accurate and timely reporting is critical to avoid compliance issues and potential penalties.
Common pitfalls include missing or incorrect TINs, incomplete data, or failure to report qualifying contract actions.

Features

Win more contracts with AI-powered tools and comprehensive market intelligence

Overview

Key Rules

Responsibilities

Practical Implications

Applicability

Compliance

Key Terms

Cross References

Other References

Overview

Key Rules

Responsibilities

Practical Implications

Applicability

Compliance

Key Terms

Cross References

Other References

Overview

Key Rules

Responsibilities

Practical Implications

Overview

Key Rules

Responsibilities

Practical Implications

Overview

Key Rules

Responsibilities

Practical Implications

Overview

Key Rules

Responsibilities

Practical Implications