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The Internal Revenue Service (IRS) is inviting public and federal agency comments on their information collections related to the foreign tax credit and notifications of foreign tax redeterminations. This initiative is part of their ongoing efforts to reduce paperwork and the burden on respondents, as stipulated by the Paperwork Reduction Act of 1995. Comments need to be submitted by April 5, 2021, to be considered. The information collection requirement affects businesses or other profit-driven organizations, with an estimated annual burden of 56,065 hours across 13,500 respondents.

The Internal Revenue Service (IRS) is holding an open meeting of the Taxpayer Advocacy Panel's Tax Forms and Publications Project Committee. This meeting will take place on Wednesday, February 10, 2021. The public is welcome to share their comments and suggestions on how to improve IRS customer service. Interested participants need to contact Fred Smith for more details.

The Internal Revenue Service (IRS) is inviting public comments on the information collection related to Treasury Decision (TD) 9764, specifically regarding Section 6708, which deals with penalties for not maintaining lists of advisees for reportable transactions. This is part of a broader initiative to reduce paperwork burdens as per the Paperwork Reduction Act of 1995. The IRS is particularly interested in feedback on the necessity, accuracy, and ways to improve the collection process. Comments, due by May 5, 2025, will become public and assist in gaining approval for the collection tools used.

The Internal Revenue Service (IRS) is asking for public feedback regarding forms related to the qualified electric vehicle credit, which helps reduce paperwork and the burden on respondents in accordance with the Paperwork Reduction Act of 1995. Individuals, households, and businesses can submit comments until March 4, 2025. The IRS is also updating information on the use of Form 8834, which is used to claim this credit, and estimates about 3,136 respondents with a total annual paperwork burden of 15,022 hours. Comments will be part of the public record, and suggestions on improving the information collection process are welcomed.

The Internal Revenue Service (IRS) is requesting comments from the public and other federal agencies regarding its information collections tied to the Amortization of Intangible Property. This initiative is part of their ongoing effort to reduce paperwork and respondent burden, in line with the Paperwork Reduction Act of 1995. People interested in providing their comments should do so by March 18, 2025, and these comments will help in the evaluation of the utility and necessity of the information collection as well as in exploring ways to enhance the quality and reduce the burden of such collections.

The Internal Revenue Service (IRS) is seeking public comments on Form W-2G, which is used for reporting certain gambling winnings. This request is part of the IRS's efforts to reduce paperwork and make it easier for people to comply with tax laws. The agency needs feedback to ensure the information collected is helpful and the process is as efficient as possible. Comments are open until April 21, 2025, and aim to improve the quality and clarity of information collected, as well as explore ways to minimize the burden on those who need to fill out the form.

The Internal Revenue Service (IRS) is seeking public comments on continuing information collections related to the electronic deposit of tax refunds of $1 million or more, under the Paperwork Reduction Act of 1995. Comments are invited on the necessity and utility of the information collection, its burden estimates, and suggestions for improving its accuracy and minimizing respondent burden. Comments should be submitted by March 22, 2021, to be considered. This initiative is part of the IRS's ongoing effort to reduce paperwork and respondent burden, and all comments will become public record.

The Internal Revenue Service (IRS) has canceled a public hearing that was supposed to take place on December 13, 2024. The hearing was on a proposed rule to change the definition of a “coverage month” and other related rules for calculating a person's premium tax credit. Since no one requested to testify at the hearing, it has been called off. The initial notice for this hearing was published in the Federal Register on September 17, 2024.

The Internal Revenue Service (IRS) is seeking comments from the public and other federal agencies on the information collection requirements related to the Passive Activity Loss Limitations under the Paperwork Reduction Act of 1995. This request concerns Form 8582, which helps taxpayers calculate deductible passive activity losses. The IRS estimates that 250,000 respondents will spend about 3 hours and 30 minutes each on this form, with the total annual burden estimated at 875,000 hours. Comments on this matter are invited by April 19, 2021, and all responses will be considered public record.

The Internal Revenue Service (IRS) is inviting public comments on the continuation of information collections needed for Form 8882, which relates to the Credit for Employer-Provided Child Care Facilities and Services. This effort is part of their ongoing work to reduce paperwork and the burden on those who have to complete this form. The IRS is seeking feedback particularly on the necessity, utility, and accuracy of the information being collected, as well as ways to minimize the time spent on this process. Comments must be submitted by April 4, 2025, and can be emailed to omb.unit@irs.gov.