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Treasury, IRS issue proposed regulations reflecting changes from the One, Big, Beautiful Bill to the threshold for backup withholding on certain payments made through third parties

IR-2026-03, Jan. 08, 2026

WASHINGTON – The Department of the Treasury and the Internal Revenue Service today issued proposed regulations that would revise the threshold for when certain third-party settlement organizations are required to perform backup withholding to comply with changes made in the One, Big, Beautiful Bill.

The proposed regulations provide clarity on backup withholding and would provide that third party settlement organizations generally are not required to backup withhold on payments settled through third party payment networks unless the gross amount of reportable payment transactions to a payee exceeds $20,000 and the number of transactions exceeds 200.

Treasury and IRS are seeking comments on the proposed regulations from interested parties who may use regulations.gov to record those comments.

The IRS reminds businesses that under changes enacted in the OBBB, the threshold for filing Form 1099-K reverted to the reporting threshold in effect prior to the enactment of the American Rescue Plan Act of 2021, and that reporting on payments settled through third party payment networks is only required where the gross amount of reportable payment transactions to a payee exceeds $20,000 and the number of transactions exceeds 200.

The IRS reminds taxpayers that backup withholding and reporting thresholds do not affect whether income is taxable.

For more information, please see One, Big, Beautiful Bill Provisions on IRS.gov.

January 8, 2026

(AUSTIN) — Acting Texas Comptroller Kelly Hancock today announced the launch of the TexStats Statewide Economic Dashboard, a new interactive tool designed to provide Texans with data and a clear view of the state’s economic performance.

“Texas’ economic strength shows up in real numbers — jobs, growth, production and opportunity,” Hancock said. “The TexStats dashboards bring that information together in one place so Texans can better understand where the state stands and where it’s headed.”

TexStats dashboards, which include a regional version launched in October 2025 and the newly added statewide version, are part of the Acting Comptroller’s ongoing effort to deliver clearer, more actionable insight into the strength of Texas’ economy. Together, they equip businesses, policymakers and communities with reliable data to support informed decision-making and long-term economic development planning.

The TexStats Statewide Economic Dashboard offers a high-level view of Texas’ economic pulse, including:

• Gross state product
• Employment and workforce trends
• Oil and natural gas rig counts, production and prices
• Housing market indicators
• Inflation measures

The dashboard complements the TexStats Regional Data Dashboard by focusing on statewide trends while allowing users to explore how major economic indicators interact across the broader Texas economy.

Additional interactive features, including expanded data filtering and download capabilities, are under development and are expected to be available by mid-February.

Toronto, Ontario – January 8, 2026: Aecon Group Inc. (TSX: ARE) announced today that it intends to release its fourth quarter and year-end 2025 financial results on Thursday, March 5, 2026 after market close, and has scheduled a live webcast and conference call for 9 a.m. (Eastern Time) on Friday, March 6, 2026.

A live webcast of the conference call can be accessed using this link and will be available at www.aecon.com/InvestorCalendar. Participants can also dial-in to the conference call and pre-register using this link. After registering, an email will be sent, including dial-in details and a unique access code required to join the live call. Please ensure you have registered at least 15 minutes prior to the conference call time.

An accompanying presentation of the fourth quarter and year-end 2025 financial results will also be available after market close on March 5, 2026 at www.aecon.com/investing. For those unable to attend, a replay will be available within one hour following the live webcast and conference call at the same webcast link above.

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