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Federal Acquisition Regulation32.80432.802 Conditions. Under the Assignment of Claims Act, a contractor may assign moneys due or to become due under a contract if all the following conditions are
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802 conditions refer to the requirements set forth in section 802 of the Internal Revenue Code.
Taxpayers who meet certain criteria as outlined in the code are required to file 802 conditions.
Taxpayers can fill out 802 conditions by following the instructions provided by the IRS and submitting the required information.
The purpose of 802 conditions is to report certain transactions to the IRS for tax purposes.
802 conditions require taxpayers to report specific details of transactions that fall under the provisions of section 802 of the Internal Revenue Code.
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