26 Jun 2025
📊IRS Information Collection Requests and Compliance Implications for Business
Agency Information Collection Activities; Submission for OMB Review; Comment Request; Multiple Internal Revenue Service (IRS) Information Collection Requests
Summary
The Department of the Treasury will submit the following information collection requests to the Office of Management and Budget (OMB) for review and clearance in accordance with the Paperwork Reduction Act of 1995, on or after the date of publication of this notice. The public is invited to submit comments on these requests.
Agencies
- Treasury Department
Business Impact
$$$ - High
The document outlines compliance requirements for various IRS information collections, impacting businesses by necessitating adherence to tax regulations and reporting standards. This includes fiduciary notifications and compliance agreements, which carry specific legal obligations for affected entities.