IRS Seeks Feedback on Tax for Undistributed Investment Income
Published Date: 6/17/2025
Notice
Summary
The IRS wants your thoughts on Form 8613, which regulated investment companies use to report and pay a special tax on income they didn’t distribute. This is your chance to help make the form easier and less time-consuming before August 18, 2025. If you’re involved with these companies, your feedback could save time and money!
Analyzed Economic Effects
3 provisions identified: 2 benefits, 1 costs, 0 mixed.
Estimated Filing Time and Total Burden
If you file Form 8613 (used by regulated investment companies to compute and pay the excise tax under Internal Revenue Code section 4982), the IRS estimates each response takes 11 hours and 53 minutes. The IRS estimates 1,500 responses and a total annual burden of 17,820 hours.
Form Revised for Direct Deposit Eligibility
The IRS revised Form 8613 to comply with Executive Order 14247, which requires every payment from the IRS to be eligible for direct deposit. The agency says this revision does not substantively change the use of the form or the data being collected.
Opportunity to Comment by August 18, 2025
The IRS is inviting public comments on Form 8613 under the Paperwork Reduction Act; written comments must be received on or before August 18, 2025. Comments will be summarized and/or included in the OMB approval request and become public record.
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