Search Results for citation:"90 FR 12636"

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Search Results: citation:"90 FR 12636"

  • Type:Notice
    Citation:90 FR 12636
    Reading Time:about 2 minutes

    The Internal Revenue Service (IRS) is inviting comments from the public and other federal agencies regarding two forms: Form 56, which relates to fiduciary relationships, and Form 56-F, specific to financial institutions. This request is part of IRS's ongoing effort to lessen paperwork as required by the Paperwork Reduction Act of 1995. Comments on these forms, which help the IRS manage the establishment or changes in fiduciary relationships, are sought to assess their necessity, benefit, and any potential improvements. The forms are necessary for both businesses and individuals, with roughly 174,050 responses expected annually. Comments must be submitted by May 19, 2025.

    Simple Explanation

    The IRS is asking people to share their thoughts on two forms (Form 56 and Form 56-F) that help keep track of people or companies handling money for someone else. They want to make sure these forms are useful and easy to use, so they're open to ideas on how to make them better.

  • Type:Notice
    Citation:90 FR 12636
    Reading Time:about a minute or two

    The Internal Revenue Service (IRS) is holding an open meeting for the Taxpayer Advocacy Panel's Notices and Correspondence Project Committee on April 9, 2025. This meeting invites public feedback on improving IRS customer service and will take place via teleconference. Interested participants must notify Robert Rosalia to make comments or submit statements. More information can be found by contacting him or visiting the website http://www.improveirs.org.

    Simple Explanation

    The IRS wants to talk to people about how to make their service better, and they are having a meeting over the phone. People can share their ideas, but they need to let Mr. Rosalia know if they want to talk.

  • Type:Notice
    Citation:90 FR 12636
    Reading Time:about 2 minutes

    The Internal Revenue Service (IRS) is seeking public comments on the information collection related to funding relief for multiemployer defined benefit pension plans under the American Rescue Plan Act of 2021. The notice intends to gather feedback on the necessity and accuracy of the information collection, ways to improve it, and methods to reduce the burden on respondents. Written comments can be submitted until May 19, 2025 to ensure they are taken into consideration. This effort is part of the IRS’s ongoing initiative to reduce paperwork and make processes more efficient.

    Simple Explanation

    The IRS wants people's opinions on how they collect information about helping certain big groups retirement savings plans with a new law. They hope to make it easier and less work for people, so they asked everyone to send their thoughts by May 19, 2025.