Search Results for citation:"90 FR 13994"

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Search Results: citation:"90 FR 13994"

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  • 2025-05247 — Proposed Extension of Information Collection Request Submitted for Public Comment; Comment Request on Burden Related to Form 1099-PATR
    Type:Notice
    Citation:90 FR 13994
    Reading Time:about 2 minutes

    The Internal Revenue Service (IRS) is asking for public feedback on the information collection related to Form 1099-PATR, which reports taxable distributions from cooperatives. This effort is part of their ongoing attempts to lessen the paperwork and time burden for people and organizations. The IRS is especially interested in comments about whether the information collection is actually needed, how accurate their burden estimates are, and ways to make the process easier, including electronic submissions. Feedback is requested by May 27, 2025.

    Simple Explanation

    The IRS wants to hear what people think about a form called 1099-PATR, which talks about money they get from groups called cooperatives. They want ideas to make it easier and faster for everyone to fill out this form.

  • 2025-05248 — Proposed Collection; Comment Request for Regulation Project
    Type:Notice
    Citation:90 FR 13994
    Reading Time:about 2 minutes

    The Internal Revenue Service (IRS) is seeking public comments on the reporting requirements for widely held fixed investment trusts. This request is part of the IRS's effort to reduce paperwork, as dictated by the Paperwork Reduction Act of 1995. Those involved are encouraged to submit comments by May 27, 2025. The regulations require certain tax information to be shared between trustees, middlemen, and investors, ensuring compliance with tax laws.

    Simple Explanation

    The IRS wants people to tell them what they think about the rules for sharing certain money information. They hope to find better ways to do this with less paperwork!