The Internal Revenue Service (IRS) is inviting public comments on its information collection requirements related to requests for ruling and determination letters. This request is part of the IRS's efforts to reduce paperwork and respondent burden as mandated by the Paperwork Reduction Act of 1995. Individuals or households are the affected public, with an estimated 3,966 respondents and an average response time of 79.70 hours each. Comments are sought to evaluate the necessity, accuracy, and potential burden reduction of the information collection process, and must be submitted by February 4, 2025.
Simple Explanation
The IRS wants to hear what people think about how they collect information from those asking for special tax rulings. They aim to make this process easier and want to know if it really needs to take so much time, as it currently takes about 80 hours for each person to complete.