Federal Register #2026-12459

IRS Requests Public Comment on Information Collection for Escrow and Similar Funds

This opportunity involves a request for public comment from the Internal Revenue Service (IRS), part of the Department of the Treasury, regarding information collection for escrow funds and similar funds. - Government Buyer: - Department of the Treasury - Internal Revenue Service (IRS) - No OEMs, vendors, or commercial products are mentioned in this notice - Products/Services Requested: - Public feedback on information collection related to: - Taxation and reporting of income from qualified settlement funds - Escrow accounts related to property sales - Disputed ownership funds - Related trusts and funds - Unique/Notable Requirements: - The IRS seeks input on the necessity, accuracy, and burden of the information collection - Suggestions for improvement are encouraged - No procurement, products, or services are being solicited

Description

The Internal Revenue Service (IRS) is requesting comments on an information collection related to escrow funds and similar funds, as required by the Paperwork Reduction Act of 1995. The collection concerns the taxation and reporting of income earned on qualified settlement funds and certain escrow accounts, trusts, and funds. The IRS invites public comments on the necessity, accuracy, and ways to minimize the burden of this information collection. Comments are due by August 21, 2026.

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