IRS Asks Public Input on Tax Payment Delay Forms
Published Date: 3/31/2026
Notice
Summary
The IRS is asking for public feedback on keeping some tax forms and rules the same, like extending payment deadlines for those facing financial hardship and handling foreign tax credits. This affects individuals, businesses, and households who use these forms. Comments are due by April 30, 2026, so don’t miss your chance to weigh in!
Analyzed Economic Effects
4 provisions identified: 2 benefits, 1 costs, 1 mixed.
Provisional Foreign Tax Credit Election
Taxpayers who remit contested foreign income taxes to a foreign country may elect a provisional foreign tax credit under IRC sections 901 and 905 by entering into a provisional foreign tax credit agreement and filing Form 7204. As a condition of the election, the taxpayer agrees not to assert the statute of limitations on assessment as a defense for three years from the year the IRS is notified of the contest resolution. The notice estimates 11,400 respondents, 2 hours per response, and 22,800 annual burden hours.
401(k) Matching for Student Loan Payments
TD 9169 and Notice 2024-63 require plan notices and information needed for employer matching contributions on qualified student loan payments (QSLPs), so payments on qualified education loans may be treated as QSLPs on which an employer may make matching contributions. Employers and plan sponsors must collect information and provide notices; the notice estimates 475,000 respondents, 28 minutes per response, and 221,125 annual burden hours.
Tax Payment Extension for Hardship
Internal Revenue Code Section 6161 lets individual and business taxpayers request an extension of time to pay tax if paying on the due date would cause substantial financial loss. To request this extension you must file Form 1127 with supporting documentation; the collection is an extension without change (Form 1127). The notice estimates 20 respondents, 7 hours 26 minutes per response, and 149 total annual burden hours.
Tax Treatment of Settlement Funds
TD 8459 prescribes reporting requirements and rules about the tax treatment of transfers to settlement funds, the taxation of income earned by those funds, and the tax treatment of distributions made by the funds. The collection affects business, individuals and households, not-for-profits, and state/local/tribal governments; the notice estimates 2,750 respondents, 1 hour 17 minutes per response, and 3,542 annual burden hours.
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
Related Federal Register Documents
2026-20277, Federal Scholarship Tax Credit
The IRS is proposing new rules for a tax credit that rewards people who donate to groups giving scholarships for K-12 education. This affects donors, states that approve these groups, and the groups themselves. Comments are open until December 1, 2026, with a public hearing on December 15, so get ready to share your thoughts and maybe save some money on your taxes!
2026-20026, Trump Accounts
Starting September 30, 2026, the IRS is rolling out new temporary rules for Trump accounts, which work like special retirement accounts. The government will automatically set up your first Trump account, and there are new ways to contribute, including using qualified stock. These changes affect account trustees, beneficiaries, and donors, making it easier and clearer to manage and fund Trump accounts.
2026-20027, Trump Accounts
The IRS is rolling out new rules for Trump accounts, which affect trustees, beneficiaries, and donors. These rules cover how to set up accounts, automatic enrollment, and special contributions like qualified stock. Comments on these changes are open until November 30, 2026, so get ready to weigh in!
2026-18219, Car Loan Interest Deduction
This document contains final regulations regarding the deduction for certain taxpayers for an amount up to $10,000 of qualified passenger vehicle loan interest. This document also contains final regulations regarding new information reporting requirements for certain persons who, in a trade or business, receive from any individual interest aggregating $600 or more for any calendar year on a specified passenger vehicle loan, including applicable penalties for failures to file information returns or furnish payee statements as required. These regulations affect taxpayers that may deduct qualified passenger vehicle loan interest, and also persons subject to these information reporting requirements.
2026-17823, Unsafe or Unsound Practices, Matters Requiring Attention
The OCC and FDIC are rolling out a new rule starting November 2, 2026, that clearly defines what counts as 'unsafe or unsound practices' for banks and savings institutions. This update helps banks focus on big financial risks instead of small paperwork issues, making supervision smarter and fairer. Banks will need to adjust how they handle these risks, which could affect their operations and how they communicate with regulators.
2026-17622, Federal Independent Dispute Resolution Operations; Correction
This document corrects typographical errors and omissions in the final rule that appeared in the June 4, 2026, Federal Register titled "Federal Independent Dispute Resolution Operations" (referred to hereafter as the "IDR final rule"). The effective date of the IDR final rule was August 3, 2026.
Previous / Next Documents
Previous: 2026-06188, Agency Information Collection Activities: Proposed Collection: Public Comment Request; Information Collection Request Title: Black Lung Clinics Program Performance Measures, OMB No. 0915-0292-Revision
HRSA is updating how Black Lung Clinics report their yearly progress to make things clearer and easier for them. This affects clinics helping coal miners with lung disease, and HRSA wants your thoughts before finalizing the changes. Comments are due by June 1, 2026, and the update aims to keep the program effective without adding extra hassle or cost.
Next: 2026-06190, Regulatory Issue Summary: Applicability of Requirements During the Movement of Radioactive Material Within a Temporary Jobsite
If you move radioactive materials around a temporary worksite, the Nuclear Regulatory Commission just made it clearer which rules you need to follow. This update affects companies handling radioactive stuff on short-term jobsites and helps avoid confusion about safety rules. The new guidance is effective starting March 31, 2026, with no extra costs, just clearer instructions to keep things safe and smooth.