IRS Asks for Feedback on Tracking Tax Advisee Lists
Published Date: 3/4/2025
Notice
Summary
The IRS wants your thoughts on rules about keeping lists of people advised on certain financial deals. If you’re a tax pro or business involved in these transactions, this could affect you. They’re checking if the paperwork is fair and not too much, so now’s the time to speak up before any changes happen!
Analyzed Economic Effects
1 provisions identified: 1 benefits, 0 costs, 0 mixed.
IRS Seeks Comments on Sec. 6708 Paperwork
The IRS is asking for public comments about the information collection in Treasury Decision 9764, Section 6708, which covers the requirement to maintain lists of advisees for reportable transactions. The notice, issued under the Paperwork Reduction Act of 1995, invites tax professionals, businesses, and the general public to comment on whether the paperwork burden is fair and reasonable.
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