IRS Wants Permission to Ask You More Questions
Published Date: 1/17/2025
Notice
Summary
The IRS is asking for public feedback on several information collection requests, including rules for small wind energy credits and rollover waivers. These requests affect individuals, businesses, and nonprofits who deal with energy credits or tax rollovers. Comments are due by February 18, 2025, and there are no new changes or extra costs right now—just a chance to keep things running smoothly.
Analyzed Economic Effects
2 provisions identified: 1 benefits, 1 costs, 0 mixed.
60‑Day Rollover Waiver — New Self‑Certification
If you missed the 60-day rollover deadline because a distribution was made to a state unclaimed property fund, Revenue Procedure 2020-46 now adds that reason to the list allowing self-certification for a waiver. Previously the only way to get a waiver in that situation was to request an IRS ruling (with a $10,000 user fee); this program lets taxpayers receive the waiver benefit without paying that user fee. The notice estimates 160 respondents, 3 hours per response, and 480 total annual burden hours.
Small Wind Energy Credit Standards
You (or your business or nonprofit) that acquires small wind energy property must meet the performance and quality standards set out for property to qualify for the Section 48 energy credit. The notice (OMB No. 1545-2259) estimates 160 respondents, an average 2 hours 30 minutes per response, and 400 total annual burden hours; the notice says no changes are being made at this time.
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
2026-20672, Certain Mobile Electronic Devices and Components Thereof; Institution of Investigation
The U.S. International Trade Commission is launching an investigation into certain mobile electronic devices and their parts because trinamiX Sensing LLC and trinamiX GmbH say some products are using their patented technology without permission. This could lead to orders stopping imports and sales of these devices in the U.S., affecting companies involved and possibly shaking up the market soon. The investigation started after complaints filed in September 2026 and could impact money and product availability.
2026-20670, Agency Information Collection Activities; Submission for OMB Review; Comment Request; Extension: Rule 30b1-8 and Form N-CR
Money market funds must keep the SEC in the loop by filing Form N-CR if big money problems happen, like a security default or financial help from an affiliate. They have to file a quick report within one business day and a detailed follow-up within four days. This rule affects funds that call themselves money market funds and costs about $7,100 and 10.5 hours per report, with about one report expected each year.
2026-20682, 60-Day Notice of Proposed Information Collection: Builder's Certification of Plans, Specifications, and Site
HUD wants to keep collecting a form builders fill out to confirm their plans, specs, and site details meet standards. They’re asking for public feedback by December 7, 2026, before renewing this paperwork. Builders and housing pros should note this could affect how they submit info but won’t add new costs.
2026-20676, Information Collection Being Reviewed by the Federal Communications Commission Under Delegated Authority
The FCC is checking in on its paperwork rules for cable companies and local governments to make sure the info they collect is useful and not too much work. They want your thoughts on how to make the process easier, especially for small businesses with fewer than 25 employees. If you want to share your ideas, send them in by December 7, 2026—this helps keep things fair and smooth for everyone involved.
2026-20679, 60-Day Notice of Proposed Information Collection: FHA Catalyst: Multifamily Applications, and Portal + Loan Underwriting System (PLUS)
HUD wants to update how lenders apply for FHA multifamily loans using their online system called FHA Catalyst and PLUS. They’re asking for public feedback by December 7, 2026, to make sure the process stays smooth and efficient. This affects lenders who use these tools and helps keep loan applications running without a hitch.
2026-20669, Agency Information Collection Activities; Submission for OMB Review; Comment Request; Extension: Rule 17a-19 and Form X-17A-19
The SEC is asking to keep the current rule that requires national securities exchanges and associations to quickly report member changes using Form X-17A-19. About 30 groups will keep filing around 206 reports a year, each taking just 15 minutes. You’ve got until November 9, 2026, to share your thoughts, but no new costs or big changes are coming.
Previous / Next Documents
Previous: 2025-01195, Notice of Intended Repatriation: U.S. Department of the Interior, Bureau of Indian Affairs, Washington, DC
The Bureau of Indian Affairs plans to return a special basket to the Eastern Band of Cherokee Indians because it holds important cultural and historical meaning. This basket, used decades ago to carry infants, will be repatriated starting February 18, 2025. This action respects Native traditions and strengthens ties between the government and Native communities.
Next: 2025-01197, Prevention and Treatment of Chemotherapy-Induced Peripheral Neuropathy: Developing Drug and Biological Products in Oncology; Draft Guidance for Industry; Availability
The FDA just dropped a draft guide to help drug makers create treatments that prevent or ease nerve pain caused by chemotherapy, a tough side effect that can mess with cancer care. This affects patients battling cancer and companies developing new drugs, aiming to keep treatments on track and improve lives. Comments on this guide are open until March 18, 2025, so get your thoughts in and help shape the final rules!