Treasury seeks comments on IRS information collection renewals
AI-generated summary for informational purposes only. Not legal advice. See the original source for the authoritative text.
This notice keeps several IRS information collection requirements moving through federal review and invites public comments before OMB clearance. The listed collections include Form 1099-DIV for reporting dividends and distributions and Form 2063 for certain departing aliens certifying U.S. tax compliance. Businesses that issue dividend reporting forms and individuals covered by departing-alien tax certification rules may be affected. Comments are due by June 29, 2026, through reginfo.gov.
AI-generated summary. May contain errors. Refer to official sources for legal decisions.
Key Changes
- Treasury plans to submit IRS information collection renewals to OMB for review
- The public may comment on the listed IRS forms and related reporting burdens
- The notice covers collections including Form 1099-DIV and Form 2063
Obligations
What this law requires
Businesses or other for-profit entities that make reportable dividend or distribution payments must report dividends and liquidation distributions using Form 1099-DIV so the IRS can verify payee income reporting.
Certain departing aliens covered by U.S. tax certification rules must provide a U.S. Departing Alien Income Tax Statement using Form 2063 to certify compliance with U.S. tax requirements before departure.