Notice 20 May 2025 regulatory changes, taxpayer advocacy, business compliance, public meeting, irs

☎️Open Meeting to Enhance IRS Customer Service for Taxpayers

An open meeting of the Taxpayer Advocacy Panel's Toll-Free Phone Lines Project Committee will be conducted. The Taxpayer Advocacy Panel is soliciting public comments, ideas, and suggestions to improve customer service at the Internal Revenue Service. This meeting will be held as a virtual video conference via the Microsoft Teams platform.

Learn More
Proposed Rule 20 May 2025 small business, estate tax, irs, estate taxes, user fee, treasury, compliance, reporting and recordkeeping requirements

💰IRS Proposes Reduced User Fee for Estate Tax Closing Letters

In the Rules and Regulations section of this issue of the Federal Register, the Department of the Treasury (Treasury Department) and the IRS are issuing interim final regulations that amend the current regulations to reduce the amount of the user fee imposed on authorized persons requesting the issuance of IRS Letter 627, also referred to as an estate tax closing letter. The text of the interim final regulations also serves as the text of these proposed regulations.

Learn More
Notice 19 May 2025 tax administration, public meeting, advisory committee, irs, electronic filing

🏛️IRS Electronic Tax Administration Advisory Committee Meeting Notice

The Electronic Tax Administration Advisory Committee will hold a public meeting.

Learn More
Notice 19 May 2025 healthcare, business, irs, compliance, regulation

📄IRS Seeks Comments on Health Plan Notification Requirements

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 regarding the burden associated with the requirement of informing each participant (in the individual market, primary subscriber) of the terms of the plan or coverage and their right to designate a primary care provider.

Learn More
Rule 14 May 2025 privacy act, irs, privacy, financial services, insider risk management, treasury, compliance

🔒Analysis of IRS Insider Risk Management Privacy Act Exemptions

In accordance with the requirements of the Privacy Act of 1974, as amended, the Department of the Treasury is issuing a final rule, exempting a new Internal Revenue Service (IRS) system of records (SOR) entitled "Department of Treasury/Internal Revenue Service-- 34.018, Insider Risk Management Records" from certain provisions of the Privacy Act. The IRS Insider Risk Management system was established for information collected in connection with the IRS Insider Risk program to identify potential threats to IRS resources and information assets and facilitate management of insider threat investigations, complaints, inquiries, and counterintelligence threat detection activities. Specifically, the Department exempts portions of this SOR from one or more provisions of the Privacy Act because of criminal, civil, and administrative enforcement requirements.

Learn More
Notice 14 May 2025 paperwork reduction, irs, tax compliance, accuracy-related penalty, business regulations

📄IRS Requests Comments on Accuracy-Related Penalty Collection Requirements

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 information collections, as required by the Paperwork Reduction Act of 1995. The IRS is soliciting comments concerning the collection requirements of TD 8656, Imposition of the Accuracy-Related Penalty.

Learn More
Notice 14 May 2025 irs, linear nonyl undecyl phthalate, chemical substances, business compliance, superfund tax

🧪IRS Notice on Taxability of Linear Nonyl UnDecyl Phthalate

This notice of filing announces that a petition has been filed requesting that linear nonyl undecyl phthalate be added to the list of taxable substances. This notice of filing also requests comments on the petition. This notice of filing is not a determination that the list of taxable substances is modified.

Learn More
Notice 13 May 2025 recordkeeping, tax compliance, conduit arrangements, irs, business regulation

📄IRS Seeks Comments on Conduit Arrangements Recordkeeping Requirements

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 continuing information collections, as required by the Paperwork Reduction Act of 1995. The IRS is soliciting comments concerning conduit arrangements recordkeeping requirements.

Learn More
Notice 13 May 2025 tax implications, irs, superfund tax, regulatory compliance, di-isobutylene, chemical substances

🧪IRS Notice on Di-isobutylene Superfund Tax Filing and Comments

This notice of filing announces that a petition has been filed requesting that di-isobutylene be added to the list of taxable substances. This notice of filing also requests comments on the petition. This notice of filing is not a determination that the list of taxable substances is modified.

Learn More
Notice 13 May 2025 chemical industry, taxation, irs, business implications, regulatory compliance, di-isodecyl phthalate

⚖️Notice on Tax Modification for Di-Isodecyl Phthalate by IRS

This notice of filing announces that a petition has been filed requesting that di-isodecyl phthalate be added to the list of taxable substances. This notice of filing also requests comments on the petition. This notice of filing is not a determination that the list of taxable substances is modified.

Learn More