Search Results for citation:"90 FR 9802"

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Search Results: citation:"90 FR 9802"

  • Type:Notice
    Citation:90 FR 9802
    Reading Time:about 2 minutes

    The Internal Revenue Service (IRS) is seeking public comments on the proposed and ongoing collection of information through Form 712, Life Insurance Statement. This initiative is part of their effort to minimize paperwork and the burden on respondents, as guided by the Paperwork Reduction Act of 1995. The IRS is interested in feedback regarding the necessity, accuracy, quality, and clarity of the information collection, as well as suggestions for reducing the burden, including the possibility of electronic submissions. Comments should be submitted by April 21, 2025, to be considered.

    Simple Explanation

    The IRS wants to know what people think about a form called Form 712 that talks about life insurance. They are looking for ideas to make it easier and faster for people to fill out, especially if it can be done online!

  • Type:Notice
    Citation:90 FR 9802
    Reading Time:about 2 minutes

    The Internal Revenue Service (IRS) is seeking public comments on the Information Returns (IR) application for a Transmitter Control Code (TCC), as part of its effort to reduce paperwork and respondent burden. This application is for those intending to file Information Returns electronically using the FIRE System and will replace the obsolete Form 4419. Comments are invited by April 21, 2025, on various aspects of the information collection, such as its necessity and ways to improve its utility and clarity. Approved applicants will receive a 5-digit code to identify the business transmitting electronic returns.

    Simple Explanation

    The IRS wants people to share their thoughts on a new code that helps them send tax forms online, and they're getting rid of an old form that used to do this. They hope this new code will make it simpler to show which business is sending tax forms, and want to know if it can be made even clearer and better.