Section 4.903 - Reporting contract information to the IRS(a)26 U.S.C. 6050M , as implemented in 26 CFR, requires heads of Federal executive agencies to report certain information to the IRS.(b)(1) The required information applies to contract modifications- (i) Increasing the amount of a contract awarded before January 1, 1989, by $50,000 or more; and(ii) Entered into on or after April 1, 1990.(2) The reporting requirement also applies to certain contracts and modifications thereto in excess of $25,000 entered into on or after January 1, 1989.(c) The information to report is- (1) Name, address, and TIN of the contractor;(2) Name and TIN of the common parent (if any);(3) Date of the contract action;(4) Amount obligated on the contract action; and(5) Estimated contract completion date.(d) Transmit the information to the IRS through the Federal Procurement Data System (see Subpart 4.6 and implementing instructions).