Print Page   |   Contact Us   |   Your Cart   |   Sign In   |   Learn More
NAPCP Search
Commercial Card News Brought to You by the NAPCP: Industry Regulation

IRS publishes FAQs related to IRC section 3402(t)

Thursday, August 04, 2011   (0 Comments)

Internal Revenue Code (IRC) section 3402(t) resulted from the passage of the Tax Increase Prevention and Reconciliation Act (TIPRA) in 2006 and it has been a hot regulatory topic ever since. Final regulations for this section were issued in May 2011 and now, to help increase the clarity, the IRS offers answers to more than a dozen frequently asked questions (FAQs). Card professionals will be most interested in question 7: Are payments made by a payment card subject to the section 3402(t) requirements? The short answer is "No."

To view all FAQs, visit: http://www.irs.gov/govt/fslg/article/0,,id=243336,00.html.


Related News

Members, read more information about TIPRA, including the background.


Sign In


Forgot your password?

Subscribe or join here

Featured Items
Event Calendar

10/4/2016
Back to School—Training Techniques Boot Camp

10/11/2016
NAPCP Commercial Card Regional Forum - Atlanta, GA

10/18/2016
Capital One Demo-Transforming ePayables: Get Rewarded for Paying Suppliers Efficiently & Securely

10/19/2016
How Do You Define Success?—Tips for Sharing Program Performance with Leadership

11/2/2016
Shifting Perspective: Increasing Supplier Acceptance in Your ePayables

Copyright © 1999 - 2016 NAPCP - Advancing Commercial Card & Payment Practices Worldwide
Certified Purchasing Card Professional Credential 
The next application due date is February 28, 2017
to take the exam at the Annual Conference on April 10, 2017.

Complimentary resource for all website visitors.
Order your copy today!
NAPCP members, $159; non-members, $209