Reminders

Partial suspension of income tax convention with USSR as it relates to Belarus. On December 17, 2024, the United States provided formal notice to the Republic of Belarus of the partial suspension of its tax treaty with the USSR as it relates to Belarus. The United States has suspended the operation of paragraph 1, subparagraph (g), of Article 3 of the Convention. The rest of the treaty articles will remain in place. The suspension went into effect December 17, 2024, and will continue until December 31, 2026, or earlier if mutually determined by the two governments.

Withholding agents may not accept treaty claims for tax withholding on interest payments on credits, loans, and other forms of indebtedness connected with the financing of trade made to residents of Belarus on or after December 17, 2024. Partial suspension of income tax convention with Russia. On June 17, 2024, the United States provided formal notice to the Russian Federation of the partial suspension of its treaty with Russia. The United States

Publication 515 (2026) Catalog Number 15019L Mar 10, 2026 Department of the Treasury Internal Revenue Service www.irs.gov

has suspended the operation of paragraph 4 of Article 1, Articles 5 through 21, and Article 23 of the Convention, as well as the Protocol. The suspension went into effect both for taxes withheld at source and in respect of other taxes on August 16, 2024, and will continue until otherwise decided by the two governments.

Beginning on or after August 16, 2024, withholding agents are required to withhold at the statutory 30% withholding tax rate on payments of U.S. source income made to recipients who may have previously qualified for treaty benefits under the U.S.–Russia income tax treaty. Termination of 1979 tax convention with Hungary. On July 15, 2022, the U.S. Treasury Department announced that Hungary was notified on July 8, 2022, that the United States would terminate its tax treaty with Hungary. In accordance with the treaty’s provisions on termination, termination of the treaty is effective on January 8, 2023. With respect to taxes withheld at source, the treaty ceases to have effect on January 1, 2024. Therefore, as of January 1, 2024, withholding agents are required to withhold at the statutory 30% withholding rate on payments of U.S. source income made to recipients who may have previously qualified for treaty benefits under the U.S.–Hungary income tax treaty. In respect of other taxes, the treaty ceases to have effect with respect to tax periods beginning on or after January 1, 2024. E-filing returns. The Taxpayer First Act of 2019 authorized the Department of the Treasury and the IRS to issue regulations that reduce the 250-return e-file threshold. T.D. 9972 , published February 23, 2023, lowered the e-file threshold to 10 (calculated by aggregating all information returns), effective for information returns required to be filed on or after January 1, 2024. Go to IRS.gov/InfoReturn for e-file options.

These final regulations also include requirements for withholding agents to e-file Form 1042, Annual Withholding Tax Returns for U.S. Source Income of Foreign Persons, effective for Form 1042 returns required to be filed on or after January 1, 2024. For more information, see the Instructions for Form 1042. Photographs of missing children. The IRS is a proud partner with the National Center for Missing & Exploited Children® (NCMEC) . Photographs of missing children se- lected by the Center may appear in this publication on pa- ges that would otherwise be blank. You can help bring these children home by looking at the photographs and calling 1-800-THE-LOST (1-800-843-5678) if you recognize a child.