Type:Notice
Citation:86 FR 5317
Reading Time:about 2 minutes
The Internal Revenue Service (IRS) is seeking public comments on an information collection related to returned magazines, paperbacks, or records. This request is part of their ongoing efforts to reduce paperwork and determine the necessity and impact of these collections, as mandated by the Paperwork Reduction Act of 1995. The IRS wants feedback on whether this information is needed, its effectiveness, and suggestions for improving data collection processes. Comments must be submitted by March 22, 2021, to be considered.
Simple Explanation
The IRS wants to know what people think about collecting information when books or music records are sent back. They're asking if collecting this info is helpful and if there's a better way to do it.