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S 5133
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Preventing Tax Fraud and Identity Theft Act

To amend the Internal Revenue Code of 1986 to modify the time for filing certain information returns.

Introduced Jul 27, 2026

Latest action (Jul 27, 2026) Read twice and referred to the Committee on Finance.

Referred to
Finance Committee
Policy area
Taxation
Issues
Economy & Taxes

Summary
  • Changes the filing deadline for certain electronically filed information returns (including income, dividend, and interest reports) to January 31 of the year following the calendar year.
  • Requires returns reporting gambling winnings to be filed on or before January 31 of the year following the calendar year.
  • Requires individual retirement account distribution reports to be filed on or before January 31 of the year following the calendar year.
  • Applies these new deadlines to returns relating to calendar years beginning after December 31, 2027.

AI-generated plain-language summary of the bill text — neutral, and may be imperfect. See the full text below for the exact wording.

Sponsor (1)
1 cosponsor

Actions (2)
  1. Jul 27, 2026 Read twice and referred to the Committee on Finance. · senate
  2. Jul 27, 2026 Introduced in Senate

Text versions (1)
  • Introduced in Senate · Jul 27, 2026

Only one text version is on file, so there’s no earlier version to compare against yet.

Full text

IN THE SENATE OF THE UNITED STATES

July 27, 2026

Ms. Hassan (for herself and Mr. Grassley) introduced the following bill; which was read twice and referred to the Committee on Finance

A BILL

To amend the Internal Revenue Code of 1986 to modify the time for filing certain information returns.

Be it enacted by the Senate and House of Representatives of the United States of America in Congress assembled,

SECTION 1. SHORT TITLE.

This Act may be cited as the “Preventing Tax Fraud and Identity Theft Act”.

SEC. 2. TIME FOR FILING CERTAIN INFORMATION RETURNS.

(a) In General.—Section 6071(b) of the Internal Revenue Code of 1986 is amended—

(1) by striking “Returns made under” and inserting the following:

“(1) In general.—Returns made under”, and

(2) by adding at the end the following new paragraph:

“(2) Special rule for certain returns.—

“(A) In general.—In the case of any return to which this paragraph applies and which is filed electronically, such return shall be filed on or before January 31 of the year following the calendar year to which such return relates.

“(B) Returns.—This paragraph shall apply to any return required to be filed under section 6041 (other than returns and statements required to be filed with respect to nonemployee compensation), 6042, 6047(d), 6049, 6050F, or 6050W.”.

(b) Gambling Winnings.—Section 6071 of the Internal Revenue Code of 1986 is amended by redesignating subsection (d) as subsection (e) and by inserting after subsection (c) the following new subsection:

“(d) Returns Relating to Gambling Winnings.—Returns required under section 6051 by reason of section 3402(q)(7) shall be filed on or before January 31 of the year following the calendar year to which such returns relate.”.

(c) IRA Reporting.—Section 408(i)(1) of the Internal Revenue Code of 1986 is amended by inserting “(but not later than January 31 of the calendar year following the calendar year to which reports relate in the case of reports relating to distributions)” after “at such time”.

(d) Effective Date.—The amendments made by this section shall apply to returns relating to calendar years after December 31, 2027. <all>

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