Preventing Tax Fraud and Identity Theft Act
The source supplies the latest action, but no lifecycle stage.
Latest action (27 Jul 2026): Read twice and referred to the Committee on Finance.
What this bill does
The Preventing Tax Fraud and Identity Theft Act, if enacted, would amend the Internal Revenue Code to change the deadlines for filing certain information returns. Specifically, it would require electronically filed returns under sections 6041 (excluding nonemployee compensation), 6042, 6047(d), 6049, 6050F, and 6050W to be filed by January 31 of the year following the calendar year the return covers. It would also set a January 31 deadline for returns related to gambling winnings and for reports on IRA distributions.
This bill would affect individuals and businesses required to file these types of information returns with the IRS. The changes aim to standardize and potentially accelerate the filing of these documents. The legislation is also sponsored by Senator Chuck Grassley.
The bill was introduced in the Senate on July 27, 2026, and has been referred to the Committee on Finance. It is currently in the early stages of the legislative process.
Plain-English summary generated by Bill100 AI from the official record. Always verify against the source below.
Timeline
27 Jul 2026
Read twice and referred to the Committee on Finance.
Common questions
- What does S. 5133 do?
- The Preventing Tax Fraud and Identity Theft Act, if enacted, would amend the Internal Revenue Code to change the deadlines for filing certain information returns. Specifically, it would require electronically filed returns under sections 6041 (excluding nonemployee compensation), 6042, 6047(d), 6049, 6050F, and 6050W to be filed by January 31 of the year following the calendar year the return covers. It would also set a January 31 deadline for returns related to gambling winnings and for reports on IRA distributions. This bill would affect individuals and businesses required to file these types of information returns with the IRS. The changes aim to standardize and potentially accelerate the filing of these documents. The legislation is also sponsored by Senator Chuck Grassley. The bill was introduced in the Senate on July 27, 2026, and has been referred to the Committee on Finance. It is currently in the early stages of the legislative process.
- Has S. 5133 become law?
- The source does not supply a confirmed lifecycle stage for S. 5133. Check the latest action and official source below.
- Who sponsored S. 5133?
- S. 5133 was sponsored by Sen. Hassan, Margaret Wood [D-NH] (D-NH), with 1 cosponsor.
- What's the latest action on S. 5133?
- Read twice and referred to the Committee on Finance. (27 Jul 2026).
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More bills from Sen. Hassan, Margaret Wood [D-NH]
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Keep Food Containers Safe from PFAS Act of 2026
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