Federal Register #2026-17966

IRS Seeks Public Comment on Information Collection for Tax Return Preparer Penalties

The Internal Revenue Service (IRS), part of the Department of the Treasury, is seeking public input on its information collection requirements related to penalties for tax return preparers who understate taxpayer liability. - Government Buyer: - Department of the Treasury - Internal Revenue Service (IRS) - No OEMs or vendors are involved, as this is not a procurement opportunity. - Products/Services Requested: - No products or services are being requested; the notice pertains to regulatory compliance and information collection. - Notable Requirements: - Tax return preparers must provide their name, taxpayer identification number, and principal place of work. - Preparers must make each return or claim for refund available for inspection by the Commissioner of Internal Revenue. - The IRS aims to assess the impact and minimize the burden of these information collection requirements on businesses, individuals, and households. - No purchase quantities, part numbers, or contract value are specified.

Description

The IRS is inviting comments on the information collection request related to penalties on income tax return preparers who understate taxpayers' liabilities on federal income tax returns or claims for refunds. The regulations require tax return preparers to provide their name, taxpayer identification number, and principal place of work, and to make each return or claim available for inspection by the Commissioner of Internal Revenue. The notice seeks to assess the impact and minimize the burden of this information collection. Comments must be received by November 2, 2026.

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