The Internal Revenue Service (IRS), part of the Treasury Department, is asking for public comments on information collection rules related to certain pension plans. This request is part of their effort to reduce paperwork as required by the Paperwork Reduction Act of 1995. Specifically, they are seeking feedback on rules for community newspaper plans and single employer defined benefit pension plans. Comments must be submitted by March 25, 2025, and will help the IRS determine if these rules are necessary and how they might be improved.
Simple Explanation
The IRS wants to hear from people about some rules related to special pension plans to see if those rules make sense and how they could be better. They need everyone's ideas by March 25, 2025, to help decide what to do next.