2026-05785NoticeWallet

IRS Seeks Feedback on Digital Payee Statements to Smooth Tax Filing

Published Date: 3/25/2026

Notice

Summary

The IRS wants your thoughts on how they collect info about electronic payee statements—those digital forms that show payments made to people or businesses. This is all about making sure the process is easy, clear, and not a hassle. If you have ideas or concerns, send them in by May 26, 2026, so the IRS can keep things smooth and maybe save some time and money for everyone involved.

Analyzed Economic Effects

3 provisions identified: 1 benefits, 1 costs, 1 mixed.

Businesses must account for electronic statements

If your business or educational institution wants to furnish Form W-2, Form 1098-T, or Form 1098-E electronically, this IRS information collection (OMB Control No. 1545-1729; Regulation T.D. 9114) applies. The IRS estimates 28,449,495 responses at about 6 minutes per response for a total of 2,844,950 annual burden hours. The IRS is extending the currently approved collection with no changes that would affect burden.

Recipients may receive statements electronically

Individuals who consent may receive Form W-2 (employees), Form 1098-T (students), or Form 1098-E (student loan borrowers) electronically under the final regulations (T.D. 9114). The collection affects recipients who consent to electronic furnishing of these required statements.

No regulatory changes to collection burden

The IRS states there are no changes to the regulation that would affect the burden of this information collection; the action is an extension of a currently approved collection for Electronic Payee Statements. Comments are invited through May 26, 2026.

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Key Dates

Published Date
Comments Due
3/25/2026
5/26/2026

Department and Agencies

Department
Independent Agency
Agency
Treasury Department
Internal Revenue Service
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