The Department of the Treasury intends to submit requests for information collection to the Office of Management and Budget (OMB), as required by the Paperwork Reduction Act of 1995. The requests involve a new form used by the IRS, titled IRS Governmental Liaison (GL) Data Exchange Request. This form, numbered Form 15426, aims to facilitate collaboration between IRS units and external agencies regarding tax information exchanges. The public is encouraged to provide feedback on these requests by February 20, 2025.
Simple Explanation
The Treasury Department is planning to use a new form to help the IRS share tax information with other groups, and they want people to say what they think about it by February 20, 2025. Some people might worry because the form's details, how to comment, and how they’ll keep the shared info safe, aren’t very clear.