📝IRS Seeks Comments on Fiduciary Relationship Forms 56 and 56-F
Agency Collection Activities; Requesting Comments on Form 56 and Form 56-F
Summary
The Internal Revenue Service, as part of its continuing effort to reduce paperwork and respondent burden, invites the general public and other federal agencies to take this opportunity to comment on proposed and/or continuing information collections, as required by the Paperwork Reduction Act of 1995. The IRS is soliciting comments concerning Form 56, Notice Concerning Fiduciary Relationship, and Form 56-F, Notice Concerning Fiduciary Relationship of Financial Institution.
Agencies
- Treasury Department
- Internal Revenue Service
Business Impact
$$ - Med
The IRS's request for comments on Forms 56 and 56-F involves compliance requirements for businesses and fiduciaries regarding their financial reporting obligations. This could impact business owners who must familiarize themselves with these forms and ensure timely submissions.