elects to have this section be so treated. (e) Notice of Payments (1) In general Not later than January 31 of the calendar year following any calendar year during which the Secretary makes one or more payments to any taxpayer under this section, the Secretary shall provide such taxpayer with a written notice which includes— (A) the taxpayer’s taxpayer identity (as defined in section 6103(b)(6)), (B) the aggregate amount of such payments made to such taxpayer during such calendar year, and (C) such other information as the Secretary determines appropriate. (2) Certain payments subject to recapture In the case of any payments made to a taxpayer which the Secretary has determined are subject to recapture, the notice provided under paragraph (1) to such taxpayer shall include the amount of such payments. (f) Notification of certain events With respect to any taxpayer receiving monthly advance young adult payments under this section with respect to any specified young adult, the Secretary shall, to the maximum extent practicable, provide reasonable advance notice of each of the following: (1) Any month with respect to which such monthly advance young adult payment will increase (relative to the preceding month) by reason of an inflation adjustment under section 24A(b)(2). (2) Any month with respect to which such monthly advance young adult payment will be reduced (relative to the preceding month) by reason of such young adult ceasing to be a specified young adult by reason of attaining age 25. (g) Regulations The Secretary shall issue such regulations or other guidance as the Secretary determines necessary or appropriate to carry out the purposes of this section. . (c) Conforming amendments (1) Section 26(b)(2) is amended by striking and at the end of subparagraph (Y), by striking the period at the end of subparagraph (Z) and inserting , and , and by adding at the end the following new subparagraph: (AA) section 24A(f)(2) (relating to recapture of certain monthly advance young adult payments). . (2) Section