2 Sep 2025
📄IRS Requests Comments on Form 1127 for Tax Payment Extensions
Agency Information Collection Activities; Comment Request on Form 1127
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 document relates to the IRS's request for comments on Form 1127, which allows businesses to request extensions on tax payments due to financial hardship. This has financial implications as businesses may need to assess their ability to fulfill tax obligations and seek relief to avoid penalties.