Federal Register #2026-20540

IRS Seeks Comments on Continuing Form 1099-INT Interest Income Collection

The Internal Revenue Service is seeking public comments on its continuing Form 1099-INT interest-income information collection. - Government buyer: U.S. Department of the Treasury, Internal Revenue Service (IRS). - Purpose: Form 1099-INT reports interest payments and helps the IRS verify compliance with interest-reporting requirements and the reporting of interest income on tax returns. - The collection is unchanged and is being extended in its currently approved form. - Estimated annual burden: 141,555,000 respondents, 19 minutes per response, and 46,403,150 total burden hours. - This is a public-comment request, not a procurement; no products, services, OEMs, or vendors are identified.

Description

The Internal Revenue Service is requesting comments on an information collection under the Paperwork Reduction Act of 1995. The collection, titled “Interest Income,” uses Form 1099-INT to report interest payments and help the IRS verify compliance with reporting requirements and the proper reporting of interest income on tax returns. The notice states there is no change to the previously approved collection and that it is an extension of a currently approved collection. Written comments are due by December 7, 2026.

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