16 Jul 2025
📝IRS Notice
Agency Information Collection Activities; Comment Request on U.S. Individual 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 content invites public comments on the information collection related to individual income tax returns, which can influence compliance requirements and burdens for businesses. The financial implications on business operations will be significant due to the costs associated with tax filing and compliance, as noted in the estimated annual monetized burden of $97.7 billion.