Notice
3 Feb 2025
financial reporting, irs, paperwork reduction, tax compliance, s corporation, form 7203
📝IRS Seeks Comments on Form 7203 Information Collection Request
The Internal Revenue Service, as part of its continuing effort to reduce paperwork and respondent burden, invites the 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. Currently, the IRS is soliciting comments concerning the burden for completing the form 7203, S Corporation Shareholder Stock and Debt Basis Limitations.
Learn More