# 119-s-5133: Preventing Tax Fraud and Identity Theft Act

119-s-5133, Preventing Tax Fraud and Identity Theft Act, is a 119th Congress bill sponsored by Sen. Hassan, Margaret Wood [D-NH] (D-NH); status introduced; PRIA reads it as touching household money (as of 2026-08-13).

- Canonical: https://policyrisk.com/legislation/119-s-5133
- As of: 2026-08-13
- Plain-text twin of the page above; the HTML and this file carry the same facts.

## Facts
- Bill: 119-s-5133
- Congress: 119
- Title: Preventing Tax Fraud and Identity Theft Act
- Status: introduced
- Introduced: 2026-07-27
- Sponsor: Sen. Hassan, Margaret Wood [D-NH] (D-NH)
- Cosponsors: 1
- Policy area: Taxation
- Touches household money: yes
- Last recorded action: 2026-08-13

## Summary

**Standardize January 31 filing deadlines** for many electronically filed information returns and for IRA distribution reports. It would set January 31 as the due date for returns covered by sections 6041 (excluding nonemployee compensation), 6042, 6047(d), 6049, 6050F, and 6050W, add a January 31 deadline for gambling-winnings reports tied to section 6051 and section 3402(q)(7), and impose a January 31 deadline for IRA distribution reporting. These changes apply to returns for calendar years after December 31, 2027. - Filers of the specified information returns must submit those electronically filed returns by January 31 for applicable calendar years after 2027. This creates a uniform due date for those categories of reports. - Trustees and custodians of individual retirement accounts must report distributions by January 31 under the amended IRA reporting rule. This specifically inserts a January 31 timing requirement for distribution reports. - Payers or reporters of gambling winnings covered by the cited code sections would file gambling-related returns by January 31 for the relevant calendar years.

## Cosponsors (1)

- Sen. Grassley, Chuck [R-IA] (R-IA), 2026-07-27T00:00:00.000Z

## Provisions PRIA read

- Earlier tax form deadlines for payers: mixed, medium. If enacted, this bill would require many payers (banks, brokers, employers, and payment processors) to file specified information returns no later than January 31 of the year after the tax year. The rule would cover IRA distribution reports, returns tied to gambling withholding, and certain electro…

## Related bills

- 119-s-2289: Healthy Moms and Babies Act
- 119-s-1748: Kids Online Safety Act
- 119-s-2904: SHADOW Fleet Sanctions Act of 2026
- 119-s-4639: IRS Whistleblower Program Improvement Act
- 119-s-2355: Patients Deserve Price Tags Act
- 119-s-3990: PrEP Access and Coverage Act of 2026

## Sources
- [119-s-5133 on Congress.gov](https://www.congress.gov/bill/119th-congress/senate-bill/5133)

## Related
- [119-s-2289: Healthy Moms and Babies Act](https://policyrisk.com/legislation/119-s-2289)
- [119-s-1748: Kids Online Safety Act](https://policyrisk.com/legislation/119-s-1748)
- [119-s-2904: SHADOW Fleet Sanctions Act of 2026](https://policyrisk.com/legislation/119-s-2904)
- [119-s-4639: IRS Whistleblower Program Improvement Act](https://policyrisk.com/legislation/119-s-4639)
- [119-s-2355: Patients Deserve Price Tags Act](https://policyrisk.com/legislation/119-s-2355)
- [119-s-3990: PrEP Access and Coverage Act of 2026](https://policyrisk.com/legislation/119-s-3990)
- [All bills in Congress](https://policyrisk.com/legislation)

Source: PRIA, https://policyrisk.com/legislation/119-s-5133 (as of 2026-08-13).