Proposed Collection; Comment Request for Regulation Project
Published Date: 1/17/2025
Notice
Summary
The IRS is asking businesses to share their thoughts on the paperwork they fill out about intangible property, like patents or trademarks. No changes are planned right now, but they want to keep the current rules and paperwork in place. If you’re a business owner, you’ve got until March 18, 2025, to send in your comments—this helps keep things clear and fair without adding extra hassle or costs.
Analyzed Economic Effects
3 provisions identified: 1 benefits, 2 costs, 0 mixed.
Paperwork Burden Continues for Businesses
If you run a for‑profit business, the IRS is keeping the current paperwork rules for amortizing intangible property. The agency estimates 500 respondents, about 3 hours per respondent, and a total annual burden of 1,500 hours for this collection (OMB No. 1545-1671).
Record Retention Requirement Stays in Force
Businesses must keep books or records related to this information collection as long as their contents may become material in administering any internal revenue law. Tax returns and tax return information remain confidential under 26 U.S.C. 6103.
No Regulatory Changes for Now
The IRS says there are no changes being made to the Amortization of Intangible Property regulation at this time and proposes an extension of the currently approved information collection (Regulation Project TD 8865, OMB No. 1545-1671).
Personalized for You
How does this regulation affect your finances?
Personalize government policy and PRIA will tell you what this federal register document means for your household, plus every other regulation we track. PRIA reads each provision against your financial profile to show you exactly what matters to your wallet.
Key Dates
Related Federal Register Documents
2026-20724, Notice of Intent To Prepare a Supplemental Environmental Impact Statement for the Sentinel Deployment and Minuteman III Decommissioning and Disposal
The Air Force is updating its plan to replace old Minuteman III missiles with new Sentinel missiles across five states, including Wyoming, Montana, and North Dakota. They’re checking how these changes might affect the environment and want your thoughts during a 30-day comment period starting now. This update could impact local lands and communities, with careful reviews to keep things safe and smart.
2026-20771, Center for Scientific Review; Notice of Closed Meetings
The Center for Scientific Review at the NIH is holding several closed virtual meetings in early November 2026 to review and evaluate grant applications. These meetings protect private info and trade secrets, affecting researchers seeking funding. No direct money changes are announced, but these reviews decide who gets research grants.
2026-20708, Self-Regulatory Organizations; Investors Exchange LLC; Notice of Filing and Immediate Effectiveness of Proposed Rule Change Pursuant to IEX Rule 15.110(a) and (c) To Amend the IEX Equities Fee Schedule
IEX is shaking up its fee schedule starting November 1, 2026, by tweaking who gets rebates for adding displayed liquidity and changing rebate amounts. This affects IEX members who trade stocks, giving them new ways to save or earn more on fees. The changes kick in right away after filing, so traders should get ready to adjust their strategies and cash flow.
2026-20710, Self-Regulatory Organizations; Investors Exchange LLC; Notice of Filing and Immediate Effectiveness of Proposed Rule Change Pursuant to IEX Rule 15.110(a) and (c) To Modify the Required Criteria To Qualify for the Reduced Incremental Fee
Investors Exchange (IEX) is changing the rules for who can get a discount on certain trading fees. Starting November 1, 2026, members will need to meet new criteria to qualify for the reduced incremental fee, which could save or cost them money depending on their trading activity. This change affects all IEX members and kicks in right away to keep things fair and clear.
2026-20779, Passenger Vehicle and Light Truck Tires From Thailand: Preliminary Results and Rescission, in Part, of Antidumping Duty Administrative Review; 2024-2025
The U.S. Department of Commerce found that tires from Thailand were sold in the U.S. for less than their normal price between July 2024 and June 2025. This means some importers might have to pay extra duties to keep things fair. The review process had some delays due to government shutdowns, but now the preliminary results are out and open for comments.
2026-20763, National Environmental Policy Act Implementing Procedures: Wintertime Oil and Gas Exploration in the National Petroleum Reserve in Alaska Categorical Exclusion
Starting October 9, 2026, the Department of the Interior is making it easier and faster to approve wintertime oil and gas exploration in Alaska’s National Petroleum Reserve by adding a special rule that skips some usual paperwork. This change mainly affects energy companies working in the area and aims to speed up projects while still protecting the environment. No new costs are expected, but the process will be smoother and quicker.
Previous / Next Documents
Previous: 2025-01067, Proposed Exemption for the Royal Bank of Canada and Its Current and Future Affiliates (Collectively, RBC or the Applicant) Located in Toronto, Ontario, Canada
The Department of Labor is proposing a special exemption for the Royal Bank of Canada and its affiliates in Toronto, letting them keep using certain financial rules despite a 2024 court conviction related to tax fraud in France. This exemption would last from March 5, 2025, to March 4, 2030, giving RBC some breathing room to manage assets under these rules. People can send their thoughts or ask for a hearing by March 3, 2025.
Next: 2025-01069, Proposed Collection; Comment Request for Revenue Procedure 2003-33
The IRS is asking for your thoughts on keeping a paperwork rule that helps businesses get extra time to make a special tax election called a 338 election. This affects companies and individuals who buy corporate stock and want to treat it like buying assets. No changes are planned now, but comments are due by March 18, 2025, so don’t miss your chance to weigh in!