Preventing Tax Fraud and Identity Theft Act

This Act may be cited as the “Preventing Tax Fraud and Identity Theft Act”.

(a) In general.— Section 6071(b) of the Internal Revenue Code of 1986 is amended—

(1) by striking “Returns made under” and inserting the following:

“(1) In general.— Returns made under”, and

(2) by adding at the end the following new paragraph:

“(2) Special rule for certain returns.—

(A) In general.— In the case of any return to which this paragraph applies and which is filed electronically, such return shall be filed on or before January 31 of the year following the calendar year to which such return relates.

(B) Returns.— This paragraph shall apply to any return required to be filed under section 6041 (other than returns and statements required to be filed with respect to nonemployee compensation), 6042, 6047(d), 6049, 6050F, or 6050W.”.

(b) Gambling winnings.— Section 6071 of the Internal Revenue Code of 1986 is amended by redesignating subsection (d) as subsection (e) and by inserting after subsection (c) the following new subsection:

“(d) Returns relating to gambling winnings.— Returns required under section 6051 by reason of section 3402(q)(7) shall be filed on or before January 31 of the year following the calendar year to which such returns relate.”.

(c) IRA reporting.— Section 408(i)(1) of the Internal Revenue Code of 1986 is amended by inserting “(but not later than January 31 of the calendar year following the calendar year to which reports relate in the case of reports relating to distributions)” after “at such time”.

(d) Effective date.— The amendments made by this section shall apply to returns relating to calendar years after December 31, 2027.