The Internal Revenue Service is asking the public for feedback on their information collection related to branded prescription drugs, as part of their goal to reduce paperwork. They want comments on whether this information collection is necessary, how accurate their burden estimates are, and how they can improve the process. Comments are due by March 24, 2025, and should be sent to the IRS contact provided in the notice. The current estimated total annual time spent on this task by respondents is 1,800 hours, with each respondent spending about 40 hours.
Simple Explanation
The IRS wants to know what people think about a project where they collect information on special medicines, like if it's needed, or how they can make it easier. They say this project will take a lot of time, but they don't explain exactly why or how, which is a little confusing.