Search Results for citation:"86 FR 4181"

The Internal Revenue Service (IRS) is seeking public comments on their ongoing information collection efforts concerning changes in accounting periods, as required by the Paperwork Reduction Act of 1995. This notice invites feedback on the necessity, accuracy, and methods to enhance these information collections, while also minimizing the burden on respondents. The comment period is open until March 16, 2021, and all responses will be part of the public record. The IRS ensures these collections display a valid OMB control number and maintains confidentiality in accordance with tax laws.

The Internal Revenue Service (IRS) is asking for public feedback on the ongoing collection of information related to sales of business property, as outlined by the Paperwork Reduction Act of 1995. This involves the use of Form 4797 to report sales, exchanges, or involuntary conversions of business assets. The IRS seeks comments on various aspects of this information gathering, including its necessity, accuracy, and ways to improve efficiency and reduce respondent burden. Comments should be submitted by March 16, 2021, to ensure consideration.