{"description":"Documents matching '\"1.165-10\"' and published from 07/04/2025 to 10/29/2026","count":1,"total_pages":1,"results":[{"title":"Increase in Threshold for Requiring Information Reporting With Respect to Certain Payees; Extension and Modification of Limitation on Wagering Losses","type":"Proposed Rule","abstract":"This document contains proposed amendments relating to the dollar thresholds in regulations governing information reporting for payments made in the course of a trade or business and the corresponding backup withholding regulations. This document also contains proposed amendments to the regulations governing wagering losses. The proposed regulations reflect recent changes to the statutory law. These changes will affect persons who make payments in the course of their trade or business and those persons claiming a deduction for wagering losses.","document_number":"2026-07519","html_url":"https://www.federalregister.gov/documents/2026/04/17/2026-07519/increase-in-threshold-for-requiring-information-reporting-with-respect-to-certain-payees-extension","pdf_url":"https://www.govinfo.gov/content/pkg/FR-2026-04-17/pdf/2026-07519.pdf","public_inspection_pdf_url":"https://public-inspection.federalregister.gov/2026-07519.pdf?1776343514","publication_date":"2026-04-17","agencies":[{"raw_name":"DEPARTMENT OF THE TREASURY","name":"Treasury Department","id":497,"url":"https://www.federalregister.gov/agencies/treasury-department","json_url":"https://www.federalregister.gov/api/v1/agencies/497","parent_id":null,"slug":"treasury-department"},{"raw_name":"Internal Revenue Service","name":"Internal Revenue Service","id":254,"url":"https://www.federalregister.gov/agencies/internal-revenue-service","json_url":"https://www.federalregister.gov/api/v1/agencies/254","parent_id":497,"slug":"internal-revenue-service"}],"excerpts":"Department and IRS propose to amend 26 CFR parts 1 and 31 as follows: \n \n PART 1—INCOME TAXES \n \n Paragraph 1. \n The authority citation for part 1 continues to read in part as follows:\n \n \n Authority: \n 26 U.S.C. 7805 * * * \n \n \n \n \n \n \n Par. 2. \n Section <span class=\"match\">1.165-10</span> is revised to read as follows:\n \n \n § <span class=\"match\">1.165-10</span> \n \n \n (a) \n In general. \n For purposes of losses from wagering transactions, a deduction is allowed under section 165(d) of the Internal Revenue Code for 90 percent of the amount of such losses during the taxable year, but only to the extent of the"}]}