2026-13370: Increase in Threshold for Requiring Information Reporting With Respect to Certain Payees; Extension and Modification of Limitation on Wagering Losses; Hearing

Federal Register, Volume 91 Issue 126 (Thursday, July 2, 2026) [Federal Register Volume 91, Number 126 (Thursday, July 2, 2026)] [Proposed Rules] [Pages 40490-40491] From the Federal Register Online via the Government Publishing Office [www.gpo.gov] [FR Doc No: 2026-13370] ======================================================================= ----------------------------------------------------------------------- DEPARTMENT OF THE TREASURY Internal Revenue Service 26 CFR Parts 1 and 31 [REG-113229-25] RIN 1545-BR73 Increase in Threshold for Requiring Information Reporting With Respect to Certain Payees; Extension and Modification of Limitation on Wagering Losses; Hearing

Agency

Internal Revenue Service (IRS), Treasury.

Action

Notice of proposed rulemaking; notice of hearing. -----------------------------------------------------------------------

Summary

This document provides a notice of public hearing on the notice of proposed rulemaking (REG-113229-25) published in the Federal Register on April 17, 2026. The proposed regulations contain proposed amendments relating to the dollar thresholds in regulations governing information reporting for payments made in the course of a trade or business and the corresponding backup withholding regulations. The proposed regulations also contain proposed amendments to the regulations governing wagering losses.

Dates

The hearing is scheduled to be held on July 17, 2026, at 10:00 a.m. Eastern Time (ET). The IRS must receive speakers' outlines of the topics to be discussed by July 7, 2026. If no outlines are received by July 7, 2026, the hearing will be cancelled.

Addresses

The hearing will be conducted by teleconference only. Send an outline of topic submission electronically via the Federal eRulemaking Portal at www.regulations.gov (indicate IRS and REG-113229- 25). Send paper submissions to CC:PA:01:PR, (REG-113229-25), Room 5503, Internal Revenue Service, P.O. Box 7604, Ben Franklin Station, Washington, DC 20044.

For Further Information Contact

Concerning the proposed regulations, William Prater at (202) 317-6845 (not a toll-free number); concerning submissions of requests to testify or attend the hearing, the Publications and Regulations Section at (202) 317-6901 (not toll-free number) or by email at [email protected] (preferred).

Supplementary Information

The subject of the hearing is the notice of proposed rulemaking (REG-113229-25) published in the Federal Register on April 17, 2026 (91 FR 20599). The rules of 26 CFR 601.601(a)(3) apply to the hearing. Individuals who wish to testify at the hearing must submit an outline of the topics to be discussed and the time to be devoted to each topic by July 7, 2026. A period of 10 minutes will be allotted to each testimony. An agenda showing the scheduling of the speakers will be prepared after the deadline for receiving outlines has passed. Copies of the agenda will be available via www.regulations.gov under the title of Supporting & Related Material. If no outline of the topics to be discussed is received by July 7, 2026, the hearing will be cancelled and a notice of cancellation of the public hearing will be published in the Federal Register. Individuals who wish to testify at the hearing must send an email to [email protected] to receive the telephone number and access code for the hearing. The subject line of the email must contain the regulation number REG-113229-25) and the language ``TESTIFY Telephonically.'' For example, the subject line may say: Request to TESTIFY Telephonically at Hearing for REG-113229-25. Individuals who wish to attend the public hearing without testifying must also send an email to [email protected] to receive the telephone number and access code for the hearing. The subject line of the email must contain the regulation number (REG-113229-25) and the language ``ATTEND Hearing Telephonically.'' For example, the subject line may say: Request to ATTEND Hearing Telephonically for REG-113229- 25. Requests to attend the hearing must be received by July 15, 2026. Hearings will be made accessible to people with disabilities. To request special assistance during a hearing please contact the Publications and Regulations Section by sending an email to [email protected] (preferred) or by telephone at (202) 317-6901 (not a toll-free number) by July 14, 2026. Any additional questions regarding speaking at or attending the hearing may [[Page 40491]] also be emailed to [email protected]. Oluwafunmilayo A. Taylor, Section Chief, Publications and Regulations Section, Associate Chief Counsel, (Procedure and Administration). [FR Doc. 2026-13370 Filed 7-1-26; 8:45 am] BILLING CODE 4831-GV-P