Notice 1 May 2025 business impact, taxpayer advocacy panel, regulatory compliance, financial regulation, irs

🏛️IRS Open Meeting for Taxpayer Advocacy Panel Discussion

An open meeting of the Taxpayer Advocacy Panel's Special Projects Committee will be conducted. The Taxpayer Advocacy Panel is soliciting public comments, ideas, and suggestions on improving customer service at the Internal Revenue Service. This meeting will be held via teleconference.

Learn More
Notice 30 Apr 2025 irs, interest rates, business implications, customs duties, u.s. customs and border protection

📉Quarterly IRS Interest Rates for Customs Duties Announced

This notice advises the public that the quarterly Internal Revenue Service interest rates used to calculate interest on overdue accounts (underpayments) and refunds (overpayments) of customs duties will remain the same from the previous quarter. For the calendar quarter beginning April 1, 2025, the interest rates for underpayments will be 7 percent for both corporations and non-corporations. The interest rate for overpayments will be 7 percent for non-corporations and 6 percent for corporations. This notice is published for the convenience of the importing public and U.S. Customs and Border Protection personnel.

Learn More
Notice 30 Apr 2025 irs, form 13751, tax compliance, paperwork reduction, partnership items

📝IRS Notice

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 Form 13751, Waiver of Right to Consistent Agreement of Partnership Items and Partnership-Level Determinations as to Penalties, Additions to Tax, and Additional Amounts.

Learn More
Notice 25 Apr 2025 department of the treasury, regulation, compliance, irs, information collection

📄IRS Information Collection Notice by the Department of the Treasury

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.

Learn More
Notice 24 Apr 2025 expatriation, tax, citizenship, irs, regulatory notice

📜IRS Quarterly Publication on Expatriated Individuals

The Internal Revenue Service (IRS) has published a quarterly notice listing individuals who have chosen to expatriate, aligning with IRC section 6039G. This document includes names of those who lost U.S. citizenship during the specified quarter and how long-term residents are treated as such in this context.

Learn More
Notice 21 Apr 2025 tax, form 5495, irs, paperwork reduction act, regulation

📝IRS Notice

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 request for discharge from personal liability under Internal Revenue Code Section 2204 or 6905.

Learn More
Notice 18 Apr 2025 tax compliance, employee plans, regulations, irs, user fees

📝IRS Notice on User Fee Forms 8717 and 8717-A Comments

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 8717, User Fee for Employee Plan Determination Letter Request, and Form 8717-A, User Fee for Employee Plan Opinion Letter Request.

Learn More
Notice 17 Apr 2025 irs, treasury department, church plans, tax regulations, compliance

⛪IRS Request for Comments on Church Plan Clarifications

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 reporting requirements for notice regarding certain church plan clarifications under section 336 of the PATH Act.

Learn More
Proposed Rule 15 Apr 2025 tax credit, regulatory compliance, irs, clean energy, treasury, commercial vehicles

🚗IRS Cancels Public Hearing on Qualified Commercial Clean Vehicle Credit

This document cancels a public hearing on proposed regulations that would provide guidance on the qualified commercial clean vehicle credit enacted by the Inflation Reduction Act of 2022.

Learn More
Notice 14 Apr 2025 tax forms, compliance, employer regulations, pension plans, irs

📜IRS Seeks Comments on Pension Plan Collection Activities

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. The IRS is soliciting comments concerning Form 5310 is used to request an IRS determination letter about the plan's qualification status qualified or nonqualified under Code section 401(a). Any plan sponsor or administrator of any pension, profit- sharing, or other deferred compensation plan (other than a multi- employer plan covered under Pension Benefit Guaranty Corporation insurance) may use this form. Form 6088 is used to show the amounts of distributable benefits to participants in the plan.

Learn More