17 Jan 2025
📜IRS Seeks Comments on Amortization of Intangible Property Regulations
Proposed Collection; Comment Request for Regulation Project
Summary
The Internal Revenue Service (IRS), 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 information collections, as required by the Paperwork Reduction Act of 1995. The IRS is soliciting comments concerning, Amortization of Intangible Property.
Agencies
- Treasury Department
- Internal Revenue Service
Business Impact
$$ - Med
The regulatory text discusses a proposed collection related to the amortization of intangible property, particularly relevant for businesses or for-profit organizations that deal with intangible assets. The request for public comments allows businesses to voice concerns and influence regulation that may affect their financial practices.