Search Results for citation:"90 FR 8101"

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Search Results: citation:"90 FR 8101"

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  • 2025-01569 — Agency Collection Activities; Requesting Comments on Regulation Project TD 8513
    Type:Notice
    Citation:90 FR 8101
    Reading Time:about 2 minutes

    The Internal Revenue Service (IRS) is asking for public comments on its information collection efforts related to banks' bad debt reserves as part of its ongoing mission to reduce paperwork and burden on respondents. This feedback request is in line with the Paperwork Reduction Act of 1995. Comments are due by March 24, 2025, and will help assess whether these collections of information are necessary, how accurate the burden estimates are, and explore ways to improve and streamline the process. The public can submit comments via mail or email to the contacts provided in the document.

    Simple Explanation

    The IRS wants to know what people think about their rules on how banks keep track of loans they might not get paid back. They want ideas to make things easier and less of a hassle for everyone.

  • 2025-01572 — Proposed Collection; Comment Request for Information Collection Tools Relating to the Request for a Copy of Exempt or Political Organization IRS Form, Application, or Letter
    Type:Notice
    Citation:90 FR 8101
    Reading Time:about 3 minutes

    The Internal Revenue Service (IRS) is seeking public comments on the information collection needed when requesting a copy of exempt or political organization forms, applications, or letters from the IRS. This is part of their effort to reduce paperwork burden as required by the Paperwork Reduction Act of 1995. They estimate that 27,000 respondents will be involved, with each response taking about 58 minutes. Comments are welcomed until March 24, 2025, and should address the necessity, accuracy, and ways to improve data collection.

    Simple Explanation

    The IRS wants to hear what people think about how easy or hard it is to ask for special papers from them, hoping to make it less of a hassle and to use less paper. They think a lot of people, about 27,000, will have something to say, and it takes almost an hour for each person to do this.