31 of the year following the calendar year for which the return under subsection (a) is required to be made. (d) Regulations and guidance The Secretary may prescribe such regulations and other guidance as may be appropriate or necessary to carry out the purpose of this subsection, including rules to prevent duplicative reporting of transactions. . (b) Clerical amendment The table of sections for subchapter A of chapter 61 of such Code is amended by adding at the end the following new item: Sec. 6050AA. Returns relating to income from certain rentals of space in the beauty service industry. . (c) Effective date The amendments made by this section shall apply to payments made after December 31, 2023. 5. GAO Study Not later than 5 years after the date of enactment of this Act, the Comptroller General shall conduct a study and submit to the Committee on Small Business and Entrepreneurship of the Senate and the Committee on Finance of the Senate a report detailing how the extension of the employer social security credit under section 45B of the Internal Revenue Code of 1986 (as amended by section 2 of this Act) has impacted employers and employees with respect to Federal income tax compliance and benefits.