Section 6050X- Reporting

Transitional Guidance Under Sections 162(f) and 6050X with Respect To Certain Fines, Penalties, and Other Amounts

⚠️ Notice: This information collection may be referencing outdated material. More recent filings for OMB 1545-2284 can be found here:

Documents and Forms

Document Name Document Type
Instr for Form 1098-F.pdf Instruction
Instr for Form 1098-F.pdf Instruction
2019 General Instructions for Certain Information Returns.pdf Instruction
2019 General Instructions for Certain Information Returns.pdf Instruction
Draft Form 1098-f--2019-12-00.pdf Other-2019 Draft revision
Draft Form 1098-f--2019-12-00.pdf Other-2019 Draft revision
1098-F Fines, Penalties, and Other Amounts Form 1098-F.pdf Form
1098-F Fines, Penalties, and Other Amounts Form 1098-F.pdf Form
Notice 2018-23.pdf Notice 2018-23 IC Document
Notice 2018-23.pdf Notice 2018-23 IC Document
162(f) NPRM PDF.pdf NPRM IC Document
162(f) NPRM PDF.pdf NPRM IC Document

Information Collection (IC) Details

IC Title:	Section 6050X- Reporting	Agency IC Tracking Number:

Is this a Common Form? No		IC Status: Modified

Obligation to Respond: Mandatory

CFR Citation: 26 CFR 1.162-21 26 CFR 1.6050X-x

Information Collection Instruments:

Document Type	Form No.	Form Name	Instrument File	Available Electronically?	Can Be Submitted Electronically?	Electronic Capability
Form	1098-F	Fines, Penalties, and Other Amounts	Form 1098-F.pdf	Yes	Yes	Fillable Fileable
Instruction			Instr for Form 1098-F.pdf	Yes	No	Printable Only
Instruction			2019 General Instructions for Certain Information Returns.pdf	No		Printable Only
Other-2019 Draft revision			Draft Form 1098-f--2019-12-00.pdf	Yes	No	Printable Only

Line of Business: General Government

Subfunction: Taxation Management

Privacy Act System of Records
Title: IRS 24.046 - CADE Business Master File (BMF); IRS 34.037 - IRS Audit Trail and Security Records System	FR Citation: 85 FR 28524

Number of Respondents: 90,100	Number of Respondents for Small Entity: 0

Affected Public: Private Sector	Private Sector: Businesses or other for-profits

Percentage of Respondents Reporting Electronically: 0 %

	Requested	Program Change Due to Agency Discretion	Previously Approved
Annual Number of Responses for this IC	90,100	42,900	47,200
Annual IC Time Burden (Hours)	48,384	42,720	5,664
Annual IC Cost Burden (Dollars)	0	0	0

Documents for IC

Title	Document	Date Uploaded
Notice 2018-23	Notice 2018-23.pdf	11/13/2018
NPRM	162(f) NPRM PDF.pdf	10/19/2020

Blank fields in records indicate information that was not collected or not collected electronically prior to July 2006.