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
2026-17449, Notice of Award of a Single Source Cooperative Agreement To Fund Elizabeth Glaser Pediatric AIDS Foundation
The Centers for Disease Control and Prevention (CDC), located within the Department of Health and Human Services (HHS), announces the award of approximately $750,000 for Federal Fiscal Year 2026 funding to Elizabeth Glaser Pediatric AIDS Foundation (EGPAF), subject to the availability of funds. The award supports activities to improve HIV care and treatment for children and eliminate mother-to-child HIV transmission faster, working with faith-based organizations (FBOs), faith-affiliated health facilities, and community-based organizations (CBOs), which are trusted providers in many high-burden communities. Funding amounts for years 2-5 will be set at continuation.
2026-17496, Agency Information Collection Extension
The Department of Energy (DOE) has submitted an information collection request to the OMB for revision under the provisions of the Paperwork Reduction Act of 1995. The information collection requests a three-year extension of its collection, titled BPA Realty, OMB Control Number 1910-5205. The revision will allow BPA to improve the information collection to better assess whether the applicants' proposed use of right-of-way interferes with BPA's land rights.
2026-17467, Information Collection Request Submitted to OMB for Review and Approval; Comment Request; Foreign Purchaser Acknowledgement Statement of Unregistered Pesticides (Renewal)
The Environmental Protection Agency (EPA) has submitted an information collection request (ICR), Foreign Purchaser Acknowledgement Statement of Unregistered Pesticides (EPA ICR Number 0161.17, OMB Control Number 2070-0027) to the Office of Management and Budget (OMB) for review and approval in accordance with the Paperwork Reduction Act. This is a proposed extension of the ICR, which is currently approved through August 31, 2026. Public comments were previously requested via the Federal Register on December 15, 2025, during a 60-day comment period. This notice allows for an additional 30 days for public comments.
2026-17484, Agency Information Collection Activities: Proposed Collection; Comment Request
The Centers for Medicare & Medicaid Services (CMS) is announcing an opportunity for the public to comment on CMS' intention to collect information from the public. Under the Paperwork Reduction Act of 1995 (PRA), federal agencies are required to publish notice in the Federal Register concerning each proposed collection of information (including each proposed extension or reinstatement of an existing collection of information) and to allow 60 days for public comment on the proposed action. Interested persons are invited to send comments regarding our burden estimates or any other aspect of this collection of information, including the necessity and utility of the proposed information collection for the proper performance of the agency's functions, the accuracy of the estimated burden, ways to enhance the quality, utility, and clarity of the information to be collected, and the use of automated collection techniques or other forms of information technology to minimize the information collection burden.
2026-17528, Certain Melanoma Predictive and Prognostic Tests and Components Thereof; Notice of Institution of Investigation
Notice is hereby given that a complaint was filed with the U.S. International Trade Commission on July 10, 2026, under section 337 of the Tariff Act of 1930, as amended, on behalf of Castle Biosciences, Inc. of Friendswood, Texas. The complaint alleges violations of section 337 based upon the importation into the United States or in the sale of certain melanoma predictive and prognostic tests and components thereof by reason of unfair competition and unfair acts through false and misleading advertising, the threat or effect of which is to destroy or substantially injure an industry in the United States. The complainant requests that the Commission institute an investigation and, after the investigation, issue a limited exclusion order and cease and desist orders.
2026-17470, Procurement List; Proposed Deletions
The Committee is proposing to delete products and service(s) from the Procurement List that were furnished by nonprofit agencies employing persons who are blind or have other severe disabilities.
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!