25 Jul 2025
📝IRS Comment Request on Business Income Tax Returns
Agency Information Collection Activities; Comment Request on U.S. Business Income Tax Returns and Related Forms, Schedules, Attachments, and Published Guidance
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
$$$ - High
The text discusses a solicitation for public comments regarding the IRS's information collection activities related to business income tax returns, which directly impacts compliance and regulatory requirements for businesses. This impacts tax reporting obligations and administrative burdens that businesses must manage.