IRS Invites Comments on REIT Tax Form Few Will Read
Published Date: 6/17/2025
Notice
Summary
The IRS wants your thoughts on Form 8612, which real estate investment trusts (REITs) use to report excise tax on income they didn’t distribute. This is a chance for REITs and the public to help make the form easier and less time-consuming. Comments are due by August 18, 2025, so don’t miss out on shaping how taxes get reported!
Analyzed Economic Effects
3 provisions identified: 1 benefits, 2 costs, 0 mixed.
REIT Excise Tax Reporting Requirement
Real estate investment trusts (REITs) must use Form 8612 to compute and pay the excise tax on undistributed income imposed under Internal Revenue Code section 4981. The IRS uses the form information to verify that the correct amount of tax has been reported.
Estimated Compliance Time Burden
The IRS estimates 20 responses for Form 8612, with an average time per response of 9 hours and 48 minutes and an estimated total annual burden of 196 hours. Affected businesses should plan for roughly 9 hours and 48 minutes of staff time to complete each filing.
Form 8612 Direct Deposit Update
Form 8612 was revised to comply with Executive Order 14247, which requires every payment from the IRS to be eligible for direct deposit. The IRS states the revision does not substantively change the form's use or the data being collected.
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
Department and Agencies
Related Federal Register Documents
2026-20447, Transparency in Coverage
Starting soon, health plans and insurers must share clearer, easier-to-understand price info for medical services and drugs. This helps you see what in-network and out-of-network costs really look like, with more details and better updates. These changes affect most group and individual health plans and kick in with new reporting rules to make healthcare pricing more transparent and fair.
2026-20277, Federal Scholarship Tax Credit
The IRS is proposing new rules for a tax credit that rewards people who donate to groups giving scholarships for K-12 education. This affects donors, states that approve these groups, and the groups themselves. Comments are open until December 1, 2026, with a public hearing on December 15, so get ready to share your thoughts and maybe save some money on your taxes!
2026-20026, Trump Accounts
Starting September 30, 2026, the IRS is rolling out new temporary rules for Trump accounts, which work like special retirement accounts. The government will automatically set up your first Trump account, and there are new ways to contribute, including using qualified stock. These changes affect account trustees, beneficiaries, and donors, making it easier and clearer to manage and fund Trump accounts.
2026-20027, Trump Accounts
The IRS is rolling out new rules for Trump accounts, which affect trustees, beneficiaries, and donors. These rules cover how to set up accounts, automatic enrollment, and special contributions like qualified stock. Comments on these changes are open until November 30, 2026, so get ready to weigh in!
2026-18219, Car Loan Interest Deduction
This document contains final regulations regarding the deduction for certain taxpayers for an amount up to $10,000 of qualified passenger vehicle loan interest. This document also contains final regulations regarding new information reporting requirements for certain persons who, in a trade or business, receive from any individual interest aggregating $600 or more for any calendar year on a specified passenger vehicle loan, including applicable penalties for failures to file information returns or furnish payee statements as required. These regulations affect taxpayers that may deduct qualified passenger vehicle loan interest, and also persons subject to these information reporting requirements.
2026-17622, Federal Independent Dispute Resolution Operations; Correction
This document corrects typographical errors and omissions in the final rule that appeared in the June 4, 2026, Federal Register titled "Federal Independent Dispute Resolution Operations" (referred to hereafter as the "IDR final rule"). The effective date of the IDR final rule was August 3, 2026.
Previous / Next Documents
Previous: 2025-11082, Agency Information Collection Activities; Comment Request on Return of Excise Tax on Undistributed Income of Regulated Investment Companies
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!
Next: 2025-11084, Agency Information Collection Activities; Submission to the Office of Management and Budget for Review and Approval; Comment Request; U.S. Geological Survey, Generic Clearance for Natural Hazard Disaster-Related Data Collection
The U.S. Geological Survey (USGS) wants to start collecting new information about natural disasters to help keep everyone safer. They’re asking the public to share thoughts by July 17, 2025, before they get approval to begin. This effort won’t cost the public money but aims to reduce paperwork and make data collection easier and smarter for everyone involved.