Notice2026-00508
Agency Information Collection Activities; Comment Request on Information Reporting for Payments Made in Settlement of Payment Card and Third-Party Network Transactions
Primary source
Metadata and text below are from the Federal Register, a public-domain U.S. government work. Always verify the official published version before relying on it for any legal matter.
Published
January 14, 2026
Issuing agencies
Treasury DepartmentInternal Revenue Service
Abstract
In accordance with the Paperwork Reduction Act of 1995, the IRS is inviting comments on the information collection request outlined in the notice.
Full Text
<html>
<head>
<title>Federal Register, Volume 91 Issue 9 (Wednesday, January 14, 2026)</title>
</head>
<body><pre>
[Federal Register Volume 91, Number 9 (Wednesday, January 14, 2026)]
[Notices]
[Page 1602]
From the Federal Register Online via the Government Publishing Office [<a href="http://www.gpo.gov">www.gpo.gov</a>]
[FR Doc No: 2026-00508]
-----------------------------------------------------------------------
DEPARTMENT OF THE TREASURY
Internal Revenue Service
Agency Information Collection Activities; Comment Request on
Information Reporting for Payments Made in Settlement of Payment Card
and Third-Party Network Transactions
AGENCY: Internal Revenue Service (IRS), Treasury.
ACTION: Notice of information collection; request for comments.
-----------------------------------------------------------------------
SUMMARY: In accordance with the Paperwork Reduction Act of 1995, the
IRS is inviting comments on the information collection request outlined
in the notice.
DATES: Written comments should be received on or before March 16, 2026
to be assured of consideration.
ADDRESSES: Direct all written comments to Andr[eacute]s Garcia,
Internal Revenue Service, Room 6526, 1111 Constitution Avenue NW,
Washington, DC 20224, or by email to <a href="/cdn-cgi/l/email-protection#1c6c6e7d327f7371717972686f5c756e6f327b736a"><span class="__cf_email__" data-cfemail="aadad8cb84c9c5c7c7cfc4ded9eac3d8d984cdc5dc">[email protected]</span></a>. Please
include, ``OMB Number: 1545-2205 in the subject line of the message.
FOR FURTHER INFORMATION CONTACT: Requests for additional information or
copies of the form and instructions should be directed to Marcus W.
McCrary, (470) 769-2001.
SUPPLEMENTARY INFORMATION: The IRS, in accordance with the Paperwork
Reduction Act of 1995 (PRA) (44 U.S.C. 3506(c)(2)(A)), provides the
general public and Federal agencies with an opportunity to comment on
proposed, revised, and continuing collections of information. This
helps the IRS assess the impact and minimize the burden of its
information collection requirements. Comments submitted in response to
this notice will be summarized and/or included in the request for OMB
approval. All comments will become a matter of public record, and
viewable on relevant websites. For this reason, please do not include
in your comments information of a confidential nature, such as
sensitive personal information. Comments are invited on: (a) Whether
the collection of information is necessary for the proper performance
of the functions of the agency, including whether the information shall
have practical utility; (b) the accuracy of the agency's estimate of
the burden of the collection of information; (c) ways to enhance the
quality, utility, and clarity of the information to be collected; (d)
ways to minimize the burden of the collection of information on
respondents, including through the use of automated collection
techniques or other forms of information technology; and (e) estimates
of capital or start-up costs and costs of operation, maintenance, and
purchase of services to provide information.
Title: Information Reporting for Payments Made in Settlement of
Payment Card and Third-Party Network Transactions.
OMB Control Number: 1545-2205.
Form Number: 1099-K.
Regulation Project Number: TD 9496.
Abstract: This information collection covers final regulations
implementing amendments to the Income Tax Regulations (26 CFR part 1)
relating to information reporting under sections 6041, 6041A, 6050W,
and 6051 of the Internal Revenue Code (Code). The form reflects
payments made in settlement of merchant card and third-party network
transactions for purchases of goods and/or services made with merchant
cards and through third-party networks.
Current Actions: Two lines were added to Form 1099-K to include
cash tips and the Treasury tipped occupation code. There is an increase
in the estimated number of respondents previously approved by OMB.
Type of Review: Revision of a currently approved collection.
Affected Public: Individuals or households, Business or other for-
profit groups, Not-for-profit institutions, Farms, Federal Government,
State, Local, or Tribal Governments.
Estimated Number of Respondents: 13,340,100.
Estimated Time per Respondent: 28 minutes.
Estimated Total Annual Burden Hours: 6,225,378.
Dated: January 9, 2026.
Marcus W. McCrary,
Tax Analyst.
[FR Doc. 2026-00508 Filed 1-13-26; 8:45 am]
BILLING CODE 4830-01-P
</pre><script data-cfasync="false" src="/cdn-cgi/scripts/5c5dd728/cloudflare-static/email-decode.min.js"></script></body>
</html>Indexed from Federal Register on January 14, 2026.
This is legal information, not legal advice. Laws vary by jurisdiction and change frequently. Always verify current law with official sources and consult a licensed attorney in your jurisdiction for advice on your specific situation.