The Internal Revenue Service (IRS) is inviting public comments on the continuation of information collections related to limitations on credit or refund, as required by the Paperwork Reduction Act of 1995. They are seeking feedback on various aspects, including the necessity and utility of the information collected, ways to enhance the quality, and methods to minimize the burden on respondents. Interested parties should submit their comments by March 26, 2021, to ensure they are considered. The IRS has made clear that participation is voluntary and reminds individuals that tax-related information is generally confidential.
Simple Explanation
The IRS wants to hear from people about how they collect information for giving money back or credit, and they want ideas on making it easier and better without demanding too much work. They promised to keep your tax information a secret, just like always.