[Congressional Bills 103th Congress]
[From the U.S. Government Publishing Office]
[H.R. 4321 Introduced in House (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.

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