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.