Federal Register #2026-06611

IRS Seeks Public Comment on ABLE Account Information Collection (Forms 5498-QA & 1099-QA)

This notice from the Internal Revenue Service (IRS) seeks public input on its information collection for Forms 5498-QA and 1099-QA, which are used for reporting ABLE account activities for individuals with disabilities. - Government Buyer: - Department of the Treasury, Internal Revenue Service (IRS) - OEMs and Vendors: - No OEMs or vendors are mentioned; this is not a procurement for products or services - Products/Services Requested: - No products or services are being procured - The notice concerns information collection related to: - Form 5498-QA: ABLE Account Contribution Information - Form 1099-QA: Distributions from ABLE Accounts - Unique or Notable Requirements: - The IRS is requesting public comments on: - The necessity and utility of the information collection - The accuracy of the agency’s estimate of the burden - Ways to enhance the quality, utility, and clarity of the information - Ways to minimize the burden of the collection on respondents - This is part of the Paperwork Reduction Act process - No contract, purchase, or award is associated with this notice

Description

The Internal Revenue Service (IRS) is requesting public comments on the information collection related to Forms 5498-QA and 1099-QA, which pertain to ABLE account contributions and distributions. This request is part of the Paperwork Reduction Act process to assess and minimize the burden of information collection. The forms are used to report contributions, rollovers, and distributions from ABLE accounts, which are tax-advantaged savings programs for eligible individuals with disabilities. Comments are due by June 5, 2026.

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