Episode 24: Treasury Department Seeks Public Input on Easing E-Delivery Rules

This week on Information Return Intelligence, Jason Dinesen breaks down a developing story from the Treasury Department and IRS that could significantly impact how organizations deliver 1099s—and other information returns—to recipients.The Treasury has issued proposed regulations to simplify electronic delivery (eDelivery) for Form 1099-DA (digital assets), while the IRS is simultaneously requesting public comments on expanding those changes to other forms, including Form 1099-B—and potentially all 1099s.But here’s the bigger issue:Most organizations don’t realize that emailing a PDF of a 1099 isn’t automatically compliant.Jason walks through:What “eDelivery” actually means under current IRS regulationsThe often-overlooked consent requirementsWhy the rules are considered “draconian”What changes may be coming—and why they matter even if you don’t issue 1099-DA or 1099-B📅 Public comments are open until May 23—this could be the beginning of major changes to how information returns are delivered.👉 Next week: A deeper dive into the actual compliance requirements and what organizations should (and shouldn’t) be doing today.Sponsored by IOFM (Institute of Finance & Management)Learn more: https://www.iofm.com