Federal Register #2026-21715

Treasury seeks comments on information-return reporting burden

The U.S. Department of the Treasury is requesting public comment on a revised information collection, not soliciting products or services. - Government buyer: U.S. Department of the Treasury, Departmental Offices. - Collection scope: U.S. information returns and related forms, schedules, attachments, and published guidance; it affects information return issuers. - Estimated burden for tax year 2026: 79,536,100 respondents and 140,987,248 total burden hours, with estimated monetized burden of $13,962,431,740. - Methodology: The burden estimate transitions from the legacy Arthur D. Little methodology to the RAAS Taxpayer Burden Model. - Comment topics: The notice seeks input on the collection’s necessity and utility, burden estimates, ways to improve the information collected or reduce respondent burden, and estimated costs. - Procurement status: No products, services, OEMs, or procurement vendors are being solicited.

Description

The Department of the Treasury will submit an information collection request to the Office of Management and Budget for review and clearance under the Paperwork Reduction Act of 1995. The collection concerns U.S. information returns and related forms, schedules, attachments, and published guidance, and affects information return issuers. The notice invites public comments, which should be received by November 23, 2026. The collection is a revision of a currently approved collection.

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