Preventing Tax Fraud and Identity Theft Act

This bill would change federal tax law to set January 31 as the filing deadline for certain information returns sent to the IRS, such as electronically filed returns reporting payments like dividends, interest, Social Security benefits, and payment card transactions. Returns reporting gambling winnings would also be due by January 31 of the following year. Reports to the IRS about distributions from individual retirement accounts (IRAs) would have to be filed by January 31 of the following year. These changes would apply to returns for calendar years after December 31, 2027.

Full text and official record on Congress.gov

Sponsors

• Margaret Wood Hassan Democrat sponsor
• 1 cosponsors