Code of Federal Regulations · Section

§ 301-52.12 — -52.12 Tax Reporting Of Late Payment Fees

41 C.F.R. § 301-52.12

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Late payment fees will not be reported as wages on a Form W-2. The Internal Revenue Service (IRS) has determined that the late payment fee is in the nature of interest (compensation for money use). The agency will report payments in accordance with IRS guidelines.

41 C.F.R. § 301-52.11 41 C.F.R. § 301-52.13

Authorizing Statute

Regulations and reports
5 U.S.C. § 5707
Administrative
40 U.S.C. § 121
Definitions
5 U.S.C. § 5701