Overview
This subpart establishes the policies and procedures for collecting Taxpayer Identification Numbers (TINs) and related contract data to support federal debt collection and mandatory IRS reporting requirements.
Key Rules
- Debt Collection: TIN information must be obtained from contractors to facilitate the collection of delinquent debts owed to the federal government.
- IRS Reporting: Agencies are required to collect contract and payment information for submission to the payment office to satisfy Internal Revenue Service (IRS) reporting obligations.
- Administrative Scope: The subpart focuses specifically on the intersection of contract administration, federal fiscal accountability, and tax law compliance.
Practical Implications
- Contractors must ensure their TIN is accurately registered in the System for Award Management (SAM) and provided during the solicitation process to avoid payment delays.
- The government uses this data to cross-reference federal payments against outstanding tax liabilities or other non-tax debts.