29 May 2025
📝IRS Invites Comments on Form 1099-CAP for Corporate Changes
Agency Collection Activities; Requesting Comments on Form 1099-CAP
Summary
In accordance with the Paperwork Reduction Act of 1995, the IRS is inviting comments on the information collection request outlined in this notice.
Agencies
- Treasury Department
- Internal Revenue Service
Business Impact
$$ - Med
The notice invites comments on Form 1099-CAP, which is crucial for corporations undergoing control changes or capital structure adjustments. The implications include compliance requirements for businesses and potential financial reporting obligations.