Notice2026-21715
Agency Information Collection Activities; Submission for OMB Review; Comment Request; U.S. Information Returns and Related Forms, Schedules, Attachments, and Published Guidance
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
October 23, 2026
Issuing agencies
Treasury Department
Abstract
The Department of the Treasury will submit the following information collection request to the Office of Management and Budget (OMB) for review and clearance in accordance with the Paperwork Reduction Act of 1995, on or after the date of publication of this notice. The public is invited to submit comments on this request.
Full Text
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<title>Federal Register, Volume 91 Issue 204 (Friday, October 23, 2026)</title>
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[Federal Register Volume 91, Number 204 (Friday, October 23, 2026)]
[Notices]
[Pages 66942-66946]
From the Federal Register Online via the Government Publishing Office [<a href="http://www.gpo.gov">www.gpo.gov</a>]
[FR Doc No: 2026-21715]
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DEPARTMENT OF THE TREASURY
Agency Information Collection Activities; Submission for OMB
Review; Comment Request; U.S. Information Returns and Related Forms,
Schedules, Attachments, and Published Guidance
AGENCY: Departmental Offices, U.S. Department of the Treasury.
ACTION: Notice of information collection; request for comment.
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SUMMARY: The Department of the Treasury will submit the following
information collection request to the Office of Management and Budget
(OMB) for review and clearance in accordance with the Paperwork
Reduction Act of 1995, on or after the date of publication of this
notice. The public is invited to submit comments on this request.
DATES: Comments should be received on or before November 23, 2026 to be
assured of consideration.
ADDRESSES: Written comments and recommendations for the proposed
information collection should be sent within 30 days of publication of
this notice to <a href="http://www.reginfo.gov/public/do/PRAMain">www.reginfo.gov/public/do/PRAMain</a>. Find this particular
information collection by selecting ``Currently under 30-day Review--
Open for Public Comments'' or by using the search function.
FOR FURTHER INFORMATION CONTACT: View the latest drafts of the tax
forms related to the information collection listed in this notice at
<a href="https://www.irs.gov/draft-tax-forms">https://www.irs.gov/draft-tax-forms</a>. Requests for additional
information or copies of this collection should be directed to Kerry
Dennis, (202) 317-5751.
SUPPLEMENTARY INFORMATION:
Change in Paperwork Reduction Act (PRA) Approval for Information
Returns
Under the PRA, the Office of Management and Budget (OMB) assigned a
control number to each ``collection of information'' that it reviews
and approves for use by an agency. A single information collection may
consist of one or more forms, recordkeeping requirements, and/or third-
party disclosure requirements. Under the PRA and OMB regulations,
agencies have the discretion to seek separate OMB approvals for forms,
recordkeeping requirements, and third-party reporting requirements or
to combine any number of forms, recordkeeping requirements, and/or
third-party disclosure requirements (usually related in subject matter)
under one OMB Control Number. Agency decisions on whether to group
individual requirements under a single OMB Control Number or to
disaggregate them and request separate OMB Control Numbers are based
largely on considerations of administrative practicality.
The PRA also requires agencies to estimate the burden for each
collection of information. Accordingly, each OMB Control Number has an
associated burden estimate. The burden estimates for each control
number are displayed in (1) the PRA notices that accompany collections
of information, (2) Federal Register notices such as this one, and (3)
OMB's database of approved information collections. If more than one
form, recordkeeping requirement, and/or third-party disclosure is
approved under a single OMB Control Number, the burden estimate for
that OMB Control Number reflects the burden associated with all the
approved forms, recordkeeping requirements, and/or third-party
disclosure requirements.
As described below under the heading ``Updated Burden Estimate
Methodology,'' the Internal Revenue Service's (IRS) currently accepted
burden estimate methodology, referred to as the RAAS Taxpayer Burden
Model, is based on taxpayers' tax reporting experience taking into
account, among other things, the forms and schedules used by those
taxpayers and the recordkeeping and other activities needed to complete
those forms. The transition of the information return \1\ reporting
burden represents the IRS's continued effort to improve the ability of
IRS to measure the burden imposed on various groups of taxpayers by the
Federal tax system. While the RAAS Taxpayer Burden Model methodology
provides a more accurate and comprehensive description of information
return reporting burden, it will not provide burden estimates on a
form-by-form basis, as has been done under the previous methodology.
When the prior model, known as the legacy Arthur D. Little (ADL) model
was developed in the mid-1980s, almost all tax returns were prepared
manually, either by the taxpayer or a paid preparer. In this context,
it was determined that estimating burden on a form-by-form, line-by-
line basis was an appropriate methodology. Information returns are
increasingly being prepared
[[Page 66943]]
using software or with preparer assistance. In this current reporting
environment, in which many taxpayers' activities are no longer directly
associated with particular forms, estimating burden on a form-by-form
basis is not an appropriate method of estimating taxpayer burden. The
RAAS Taxpayer Burden Model methodology, which takes into account
broader and more comprehensive taxpayer characteristics and activities,
provides a much more accurate and useful estimate of taxpayer burden.
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\1\ Inclusion or exclusion of forms in this collection is not a
legal determination that a form is or is not an information return
as defined by Section 7434. Information return is used here only as
a general descript of the most prevalent forms by filing numbers
included in this collection (e.g., Form 1099 and Form 1098).
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Currently, there are 51 forms used by information return issuers
when complying with Federal tax laws. These include Forms 1098, 1099-B,
1099-DA, 1099-DIV, 1099-INT, 1099-MISC, 1099-NEC, 1099-R, 5498, W-9 and
their schedules. For most of these forms, IRS has in the past obtained
separate OMB approval under unique OMB Control Numbers and separate
burden estimates.
The RAAS Taxpayer Burden Model methodology estimates the aggregate
burden imposed for information reporting, based upon the reporting-
related characteristics and activities of the issuers. IRS therefore
will seek OMB approval of all 51 information reporting tax forms as a
single ``collection of information.'' The aggregate burden of these tax
forms will be accounted for under OMB Control Number 1545-0108, which
is currently assigned to Form 1096. OMB Control Number 1545-0108 will
be displayed on all information returns and related information
collections. As a result of this change, burden estimates for
information returns will now be displayed differently in PRA Notices on
tax forms and other information collections, and in Federal Register
notices. This new way of displaying burden is presented below under the
heading ``Proposed PRA Submission to OMB.''
Updated Burden Estimate Methodology
The RAAS Taxpayer Burden Model for Information Returns revises the
estimates of the levels of burden experienced by information return
issuers when complying with their federal reporting requirements
related to information return reporting. It replaces the legacy ADL
model methodology developed in the mid-1980s. Since that time, improved
technology and modeling sophistication have enabled the IRS to improve
the burden estimates. The RAAS Taxpayer Burden Model methodology
provides taxpayers and the IRS with a more comprehensive understanding
of the current levels of taxpayer burden. It reflects major changes
over the past two decades in the way taxpayers prepare and file their
returns. The RAAS Taxpayer Burden Model methodology also represents a
substantial step forward in the IRS's ability to assess likely impacts
of administrative and legislation changes on information reporting.
The RAAS Taxpayer Burden Model methodology focuses on the
characteristics and activities of information return issuers rather
than solely focusing on the forms they file. Key determinates of
taxpayer burden in the model are the type of forms issued, number of
forms issued, and whether the issuer is newly issuing that form.
Indicators of tax law and administrative complexity, as reflected in
the tax forms and instructions, are incorporated into the model. The
legacy ADL model methodology primarily focused on the number of line
items on each tax form. The changes between the old and new burden
estimates are due to the improved ability of the RAAS Taxpayer Burden
Model to measure burden and the expanded scope of what is measured.
These changes create a one-time shift in the estimate of imposed
burden. It is important to note that the difference between the legacy
and revised estimates does not reflect any change in the actual burden
imposed on taxpayers.
Tax Compliance Burden
Tax compliance burden is defined as the time and money taxpayers
spend to comply with their tax filing responsibilities. Time-related
activities include recordkeeping, tax planning, gathering tax
materials, learning about the law, and completing and submitting the
return. Out-of-pocket costs include expenses such as purchasing tax
software, paying a third-party preparer, and printing and postage. Tax
compliance burden does not include a taxpayer's tax liability, economic
inefficiencies caused by sub-optimal choices related to tax deductions
or credits, or psychological costs.
As has been done for individual taxpayer burden since 2005,
business entity burden since 2014, tax-exempt organization burden since
2018, employer reporting burden since 2023, and trust and estate burden
since 2024, both the time expended and the out-of-pocket costs for
information return issuers are estimated. The RAAS Taxpayer Burden
Model methodology relies on surveys that gather data about time spent
and out-of-pocket costs incurred for pre-issuing and issuing activities
for information return issuers. The methodology establishes econometric
relationships between tax return characteristics and reported
compliance costs. The methodology controls for the substitution of time
and money by monetizing time and reporting total compliance costs in
dollars. The RAAS Taxpayer Burden Model methodology better reflects
taxpayer compliance burden because, in a world of electronic tax
preparation, time and out-of-pockets costs are governed by the
information required rather than the form on which it is ultimately
reported. Importantly, even where various information return issuers
complete the same tax form lines, the RAAS Taxpayer Burden Model
methodology differentiates the cost incurred to complete those forms
based on characteristics of those issuers. Key characteristics that
serve as coefficients in the information return burden model are:
<bullet> Type of form issued
<bullet> Number of forms issued
<bullet> Whether the issuer is newly issuing the form type
The RAAS Taxpayer Burden Model methodology uses the following
stratification for information return issuers:
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Strata
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500 or Fewer Recipients....... 1 Type Issued.... Form 1099-NEC.
Form 1099-MISC with
Other Income.
Form 1099-MISC with
Rent and without
Other Income.
Form 1099-MISC
without Rent and
without Other
Income.
Form 1098.
Form 1099-INT.
Form 1099-R.
Form 1099-DIV.
Form 1098-T.
Form 1099-S.
[[Page 66944]]
Form 1042-S.
Form 1099-B.
Form 1099-C.
Form 1099-K.
Form 5498.
2 Types Issued... Form 1099-NEC and
Form 1099-MISC with
Other Income.
Form 1099-NEC and
Form 1099-MISC with
Rent and without
Other Income.
Form 1099-NEC and
Form 1099-MISC
without Rent and
without Other
Income.
2 or More Types Including Form 1099-
Issued. NEC, Form 1099-MISC,
and Form 1099-INT.
Including Form 1099-
NEC and Form 1099-
INT; Excluding Form
1099-MISC.
Including Form 1099-
MISC and Form 1099-
INT; Excluding Form
1099-NEC.
All Other
Combinations.
More Than 500 Recipients...... 2 Types Issued... Form 1099-NEC and
Form 1099-MISC.
Any.............. Other Form 1099-NEC
Combinations.
All Other
Combinations
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Proposed PRA Submission to OMB
Title: U.S. Information Returns and Related Forms, Schedules,
Attachments, and Published Guidance.
OMB Control Number: 1545-0108.
Form Numbers and Published Guidance: Forms include but are not
limited to Forms 1098, 1099-B, 1099-DA, 1099-DIV, 1099-INT, 1099-MISC,
1099-NEC, 1099-R, 5498, W-9 and all related forms, schedules, and
attachments.
Abstract: These forms, schedules and attachments are used by
information return issuers when complying with Federal tax laws. This
information collection covers the burden associated with preparing and
issuing information returns and related forms, schedules, and
attachments, and complying with published guidance.
Current Actions: The burden estimation methodology for information
returns is being transitioned from the legacy Arthur D. Little (ADL)
model to the RAAS Taxpayer Burden Model. The changes discussed above
result in a burden hour estimate of 140,987,248, a decrease in total
estimated time burden of 2,420,759,231 hours. The newly reported total
out-of-pocket cost estimate is $6,179,662,122 and total monetized
burden is $13,962,431,740. The change related to the transition of the
burden estimate from the legacy ADL methodology to the RAAS Taxpayer
Burden Model is a one-time change. In addition, changes are being made
to forms included in this estimate to be current with enacted
legislation.
Type of Review: Revision of a currently approved collection.
Affected Public: Information return issuers.
Estimated Number of Respondents: 79,536,100.
Estimated Total Time (Hours): 140,987,248.
Estimated Time per Respondent (Hours): 1 hour 46 minutes.
Estimated Monetized Time ($): 7,782,769,618.
Estimated Out-of-Pocket Costs ($): 6,179,662,122.
Estimated Total Monetized Burden ($): 13,962,431,740.
Note: Total Monetized Burden = Out-of-Pocket Costs + Monetized
Time
Table 1--Burden Estimates for Information Returns * and Related Forms, Schedules, Attachments, and Published Guidance Tax Year 2026
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Program change
Program change due due to Program change
Tax year 2025 to technical legislative due to agency Tax year 2026
adjustment Adjustment adjustment
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Number of Respondents....................................... 5,474,457,355 (5,394,921,255) 0 0 79,536,100
Time (Hours)................................................ 2,561,746,479 (2,420,759,231) 0 0 140,987,248
Monetized Time.............................................. $0 $7,782,769,618 $0 $0 $7,782,769,618
Out-of-Pocket Costs......................................... $0 $6,179,662,122 $0 $0 $6,179,662,122
Total Monetized Burden **................................... $0 $13,962,431,740 $0 $0 $13,962,431,740
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Source: IRS:RAAS:KDA:BRDN (09-01-2026)
*Inclusion or exclusion of forms in this collection is not a legal determination that a form is or is not an information return as defined by Section
7434. Information return is used here only as a general description of the most prevalent forms by filing numbers included in this collection (e.g.,
Form 1099, Form 1098).
**Total Monetized Burden = Monetized Time + Out-of-Pocket Costs.
Note: Reported time and cost burdens are national averages and
do not necessarily reflect a ``typical'' case. Most taxpayers
experience lower than average burden, with taxpayer burden varying
considerably by taxpayer type.
Authority: 44 U.S.C. 3501 et seq.
Juliana L. Pearson,
Treasury PRA Clearance Officer.
Appendix-A: Forms and Schedules
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OMB control
Form number Form title number
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1042........................................... Annual Withholding Tax Return for U.S. Source 1545-0096
Income of Foreign Persons.
[[Page 66945]]
1096........................................... Annual Summary and Transmittal of U.S. 1545-0108
Information Returns.
1098........................................... Mortgage Interest Statement.................... 1545-1380
3921........................................... Exercise of an Incentive Stock Option.......... 1545-2129
3922........................................... Transfer of Stock Acquired Through an Employee 1545-2129
Stock Purchase Plan.
5498........................................... IRA Contribution Information................... 1545-0747
5754........................................... Statement by person(s) receiving gambling 1545-0239
winnings.
7004........................................... Application for Automatic Extension of Time To 1545-0233
File Certain Business Income Tax, Information,
and Other Returns.
8329........................................... Lender's Information Return for Mortgage Credit 1545-0887
Certificates.
8508........................................... Application for Waiver From Electronic Filing 1545-0957
of Information Returns.
8809........................................... Application for Extension of Time To File 1545-1081
Information Returns.
8811........................................... Information Return for REMICs and Issuers of 1545-1099
Collateralized Debt Obligations.
1042 Sch Q..................................... Tax Liability of Qualified Derivatives Dealer 1545-0096
(QDD).
1042-S......................................... Foreign Person's U.S. Source Income Subject to 1545-0096
Withholding.
1042-T......................................... Annual Summary and Transmittal of Forms 1042-S. 1545-0096
1095-A......................................... Health Insurance Premium Tax Credit............ 1545-2232
1097-BTC....................................... Bond Tax Credit................................ 1545-2197
1098-C......................................... Contributions of Motor Vehicles, Boats, and 1545-1959
Airplanes.
1098-E......................................... Student Loan Interest Statement................ 1545-1576
1098-F......................................... Fines, Penalties, and Other Amounts............ 1545-2284
1098-Q......................................... Qualifying Longevity Annuity Contract 1545-2234
Information.
1098-T......................................... Tuition Statement.............................. 1545-1574
1098-VLI....................................... Vehicle Loan Interest Statement................ 1545-2334
1099-A......................................... Acquisition or Abandonment of Secured Property. 1545-0877
1099-B......................................... Proceeds From Broker and Barter Exchange 1545-0715
Transactions.
1099-C......................................... Cancellation of Debt........................... 1545-1424
1099-CAP....................................... Changes in Corporate Control and Capital 1545-1814
Structure.
1099-DA........................................ Digital Asset Proceeds From Broker Transactions 1545-2330
1099-DIV....................................... Dividends and Distributions.................... 1545-0110
1099-G......................................... Certain Government Payments.................... 1545-0120
1099-INT....................................... Interest Income................................ 1545-0112
1099-K......................................... Payment Card and Third Party Network 1545-2205
Transactions.
1099-LS........................................ Reportable Life Insurance Sale................. 1545-2281
1099-LTC....................................... Long-Term Care and Accelerated Death Benefits.. 1545-1519
1099-MISC...................................... Miscellaneous Information...................... 1545-0115
1099-NEC....................................... Nonemployee Compensation....................... 1545-0116
1099-OID....................................... Original Issue Discount........................ 1545-0117
1099-PATR...................................... Taxable Distributions Received From 1545-0118
Cooperatives.
1099-Q......................................... Payments From Qualified Education Programs..... 1545-1760
1099-QA........................................ Distributions From ABLE Accounts............... 1545-2262
1099-R......................................... Distributions From Pensions, Annuities, 1545-0119
Retirement or Profit-Sharing Plans.
1099-S......................................... Proceeds From Real Estate Transactions......... 1545-0997
1099-SA........................................ Distributions From an HSA, Archer MSA, or 1545-1517
Medicare Advantage MSA.
1099-SB........................................ Seller's Investment in Life Insurance Contract. 1545-2281
5498-ESA....................................... Coverdell ESA Contribution Information......... 1545-2262
5498-QA........................................ ABLE Account Contribution Information.......... 1545-2262
5498-SA........................................ HSA, Archer MSA, or Medicare Advantage MSA 1545-1518
Information.
Pub 1099....................................... General Instructions for Certain Information None.
Returns (Forms 1096, 1097, 1098, 1099, 3921,
3922, 5498, and W-2G).
Pub 1179....................................... General Rules and Specifications for Substitute None
Forms 1096, 1098, 1099, 5498, and Certain
Other Information Returns.
W-2G........................................... Certain Gambling Winnings...................... 1545-0238
W-9............................................ Request for Taxpayer Identification Number None
(TIN) and Certification.
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Appendix-B: Guidance Documents
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Title/document Description
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T.D. 7873.............................................. Returns of information of brokers and barter exchanges.
T.D. 8881.............................................. Revisions to Regulations Relating to Withholding of Tax
on Certain U.S. Source Income Paid to Foreign Persons
and Revisions of Information Reporting Regulations.
T.D. 9253.............................................. Revisions to Regulations Relating to Withholding of Tax
on Certain U.S. Source Income Paid to Foreign Persons
and Revisions of Information Reporting Regulations.
T.D. 9658.............................................. Withholding of Tax on Certain U.S. Source Income Paid
to Foreign Persons, Information Reporting and Backup
Withholding on Payments Made to Certain U.S. Persons,
and Portfolio Interest Treatment.
T.D. 9734.............................................. Dividend Equivalents From Sources Within the United
States.
T.D. 9807.............................................. Certain Gambling Winnings--Gambling winnings reporting
uses.
T.D. 9815.............................................. Dividend Equivalents From Sources Within the United
States.
T.D. 9838.............................................. Application for Extension of Time To File Information
Returns.
T.D. 9887.............................................. Dividend Equivalents From Sources Within the United
States.
[[Page 66946]]
T.D. 9984.............................................. De Minimis Error Safe Harbor Exceptions to Penalties
for Failure to File Correct Information Returns or
Furnish Correct Payee Statements.
T.D. 10000............................................. Gross Proceeds and Basis Reporting by Brokers and
Determination of Amount Realized and Basis for Digital
Asset.
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[FR Doc. 2026-21715 Filed 10-22-26; 8:45 am]
BILLING CODE 4831-GV-P
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</html>Indexed from Federal Register on October 23, 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.