28 Jan 2025
🏦IRS Seeks Comments on Form 8906 for Distilled Spirits Credit
Agency Collection Activities; Requesting Comments on Form 8906
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 8906, Distilled Spirits Credit.
Agencies
- Treasury Department
- Internal Revenue Service
Business Impact
$$ - Med
The notice from the IRS invites comments on Form 8906, which could impact businesses eligible for the Distilled Spirits Credit. It suggests compliance requirements related to information collection and has implications for tax credits relevant to wholesalers and businesses in the distilled spirits industry.