IRS Seeks Feedback on Fines and Penalties Info Gathering
Published Date: 1/8/2026
Notice
Summary
The IRS wants your thoughts on how it collects info about fines and penalties to make sure it’s useful and not too much work. If you deal with IRS forms or payments, this could affect you. Send your comments by March 9, 2026, to help shape how the IRS handles these collections and keep things running smoothly.
Analyzed Economic Effects
1 provisions identified: 0 benefits, 1 costs, 0 mixed.
Government Reporting: Form 1098-F Burden
If you work for a federal, state, local, or tribal government, you must use Form 1098-F to report fines, penalties, and other amounts under IRC section 6050X to the IRS and provide a statement to the payer. The IRS estimates 41,300 responses, about 33 minutes per response, totaling 22,715 annual burden hours (OMB Control No. 1545-2284).
Personalized for You
How does this regulation affect your finances?
Personalize government policy and PRIA will tell you what this federal register document means for your household, plus every other regulation we track. PRIA reads each provision against your financial profile to show you exactly what matters to your wallet.
Key Dates
Department and Agencies
Related Federal Register Documents
2026-11140, Federal Independent Dispute Resolution Operations
Starting soon, health plans and insurers must share clearer info when they pay or deny surprise medical bills. They’ll use special codes to explain these decisions, especially when dealing with folks they don’t have contracts with. This helps patients and providers understand bills better and speeds up fixing disputes, with no extra costs for most people.
2025-18278, Occupations That Customarily and Regularly Received Tips; Definition of Qualified Tips
If you earn tips at work, these new rules show which jobs count as tip-earning and explain what counts as 'qualified tips' for tax deductions. The changes apply to tips received up to December 31, 2024, helping workers and employers know exactly what tips can lower their taxes. Get ready to keep better track of your tips and maybe save some money when tax time rolls around!
2025-02251, Administrative Requirements for an Election To Exclude Applicable Unincorporated Organizations From the Application of Subchapter K; Hearing Cancellation
If you run an unincorporated organization, new rules are coming to help you skip some tricky partnership tax laws. These changes explain how to make that election properly, so you don’t get caught in confusing tax stuff. No extra fees or deadlines yet, but keep an eye out for updates to stay ahead!
2026-17123, Guidance on Eligible Investments for Trump Accounts
This document contains proposed regulations relating to Trump accounts. The proposed regulations would provide guidance regarding eligible investments, which are the only assets in which Trump account funds may be invested before the first day of the calendar year in which the account beneficiary attains age 18. The proposed regulations would affect account beneficiaries and trustees of Trump accounts.
2026-17133, Privacy Act of 1974; Matching Program
Pursuant to section 552a(e)(12) of the Privacy Act of 1974, as amended, and the Office of Management and Budget (OMB) Circular No. A- 108, Federal Agency Responsibilities for Review, Reporting, and Publication under the Privacy Act, notice is hereby given of the conduct of the Internal Revenue Service (IRS) Disclosure of Information to Federal, State and Local Agencies (DIFSLA) Computer Matching Program. The Louisiana Department of Health is modifying the Computer Matching Agreement to amend the programs administered, and the Louisiana Department of Children and Families will no longer participate in the DIFSLA Program.
2026-17019, Application of Section 250(b)(3)(A)(i)(VII) to Sales or Other Dispositions of Property
This document contains proposed regulations under section 250 of the Internal Revenue Code (Code) that provide guidance on certain income of a domestic corporation that is excluded in the determination of deduction eligible income. This category of income consists of income and gain from the sale or other disposition of intangible property and any other property of a type that is subject to depreciation, amortization, or depletion. The proposed regulations would affect domestic corporations with foreign-derived deduction eligible income.
Previous / Next Documents
Previous: 2026-00108, Notice of Request for Revision to and Extension of Approval of an Information Collection; Contract Pilot and Aircraft Acceptance
The USDA’s Animal and Plant Health Inspection Service wants to update and keep collecting info about contract pilots and aircraft used in plant protection programs. This affects pilots and companies working with the agency and helps keep emergency and biological control flights safe and efficient. They’re asking for public comments by March 9, 2026, with no new costs expected.
Next: 2026-00110, Self-Regulatory Organizations; Cboe EDGA Exchange, Inc.; Notice of Filing and Immediate Effectiveness of a Proposed Rule Change To Amend Its Cboe One Fees
Cboe EDGA Exchange is updating its fee rules for the Cboe One market data service to make it clearer how user fees apply and get credited. This change affects anyone using or distributing Cboe One data and takes effect immediately, helping users understand their costs better. No big price hikes, just smarter fee details starting now!