< Back to H.R. 4321 (103rd Congress, 1993–1994)

Text of To amend the Internal Revenue Code of 1986 to exempt cash payments of legal fees from the reporting requirements relating ...

...reporting requirements relating to cash received in a trade or business.

This bill was introduced on May 2, 1994, in a previous session of Congress, but was not enacted. The text of the bill below is as of May 2, 1994 (Introduced).

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Source: GPO

HR 4321 IH

103d CONGRESS

2d Session

H. R. 4321

To amend the Internal Revenue Code of 1986 to exempt cash payments of legal fees from the reporting requirements relating to cash received in a trade or business.

IN THE HOUSE OF REPRESENTATIVES

May 2, 1994

Mr. KOPETSKI introduced the following bill; which was referred to the Committee on Ways and Means


A BILL

To amend the Internal Revenue Code of 1986 to exempt cash payments of legal fees from the reporting requirements relating to cash received in a trade or business.

    Be it enacted by the Senate and House of Representatives of the United States of America in Congress assembled,

SECTION 1. EXEMPTION OF CASH PAYMENTS OF LEGAL FEES FROM REPORTING REQUIREMENTS.

    (a) IN GENERAL- Subsection (c) of section 6050I of the Internal Revenue Code of 1986 (relating to returns relating to cash received in trade or business) is amended by adding at the end the following new paragraph:

      ‘(3) PAYMENTS OF LEGAL FEES- The name, address, and TIN of an individual shall not be required to be included in any return under this section with respect to cash received from such individual by an attorney as payment for legal services performed by such attorney for such individual.’.

    (b) EFFECTIVE DATE- The amendment made by subsection (a) shall apply to amounts received after the date of the enactment of this Act.