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A bill to amend the Internal Revenue Code of 1986 to modify the time for filing certain information returns.
To amend the Internal Revenue Code of 1986 to modify the time for filing certain information returns.
Summary
- Moves the electronic filing deadline for certain tax information returns to January 31 of the year following the calendar year they cover.
- Applies the new deadline to returns reporting interest, dividends, royalties, and certain payment transactions, but excludes nonemployee compensation forms.
- Sets a January 31 deadline for filing reports of gambling winnings.
- Requires Individual Retirement Account distribution reports to be filed by January 31 of the year following the tax year.
- The changes take effect for tax 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
- Sen. Grassley, Chuck [R-IA] (R-IA)
Actions (2)
- Jul 27, 2026 Read twice and referred to the Committee on Finance. · senate
- Jul 27, 2026 Introduced in Senate
Similar bills (6)
Bills with similar text or summary — includes reintroductions across Congresses. Ranked by semantic similarity of the bill text (computed locally); a neutral discovery aid, not a claim the bills are duplicates.
Text versions (1)
Bills are re-published as they move (Introduced → Reported → Engrossed → Enrolled …). Each stage below is a separate text; pick two to see what changed. Data from Congress.gov.
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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