The Internal Revenue Service (IRS) is requesting comments from the public and other federal agencies on the paperwork related to the Diesel Fuel and Kerosene Excise Tax, as required by the Paperwork Reduction Act of 1995. The IRS aims to reduce the paperwork burden while ensuring that diesel fuel and kerosene used for non-taxable purposes are properly dyed according to regulations. The public is invited to share feedback on aspects such as the necessity and utility of the information collection, methods to improve it, and ways to reduce the burden on respondents. Comments are due by March 22, 2021, and will be included in the IRS's request for approval from the Office of Management and Budget (OMB).
Simple Explanation
The IRS wants to hear from people about how they can make it easier for companies to report on how they handle special dyes in diesel and kerosene fuel. They're asking for ideas to make this paperwork less of a hassle, and they want people to share their thoughts by a certain date.