Federal Register #2026-20539

IRS Request for Comments on Taxpayer Elections Under the Technical and Miscellaneous Revenue Act of 1988

The U.S. Department of the Treasury’s Internal Revenue Service (IRS) is seeking public comments on a tax-related information collection, not purchasing products or services. - Government buyer: Department of the Treasury, Internal Revenue Service (IRS). - Purpose: Gather comments on information taxpayers provide when making certain elections under the Technical and Miscellaneous Revenue Act of 1988. The IRS uses the information to identify elections, determine eligibility, and administer applicable tax provisions. - Expected respondent burden: An estimated 21,740 respondents, averaging 17 minutes per response, for approximately 6,010 annual burden hours. - Procurement items: No products, services, quantities, or part numbers are requested. - OEMs and vendors: None identified.

Description

The Internal Revenue Service is requesting comments on an information collection under the Paperwork Reduction Act of 1995. The collection concerns rules governing the time and manner for making certain elections under the Technical and Miscellaneous Revenue Act of 1988, including the information eligible taxpayers must provide and how they make the elections. The IRS uses the information to identify elections, determine taxpayer eligibility, and administer applicable provisions of the Internal Revenue Code. Comments are due by December 7, 2026.

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