INTERNAL REVENUE SERVICE ISSUES PROPOSED RULE: INCREASE IN THRESHOLD FOR REQUIRING INFORMATION REPORTING WITH RESPECT TO CERTAIN PAYEES; EXTENSION AND MODIFICATION OF LIMITATION ON WAGERING LOSSES; HEARING

WASHINGTON, July 2 -- Internal Revenue Service has issued a proposed rule called: Increase in Threshold for Requiring Information Reporting With Respect to Certain Payees; Extension and Modification of Limitation on Wagering Losses; Hearing.

The proposed rule was published in the Federal Register on July 2 by Oluwafunmilayo A. Taylor, Section Chief, Publications and Regulations Section, Associate Chief Counsel, (Procedure and Administration).

Summary: This document provides a notice of public hearing on the notice of proposed rulemaking (REG-113229-25) published in the Federal Registeron April 17, 2026. The proposed regulations contain proposed amendments relating to the dollar thresholds in regulations governing information reporting for...