Treasury Asks If Tax Forms Are Needed, Ignores Answer
Published Date: 12/15/2025
Notice
Summary
The Treasury Department is updating the paperwork rules for trusts and estates filing their income tax returns, including some form changes and new guidance. If you manage a trust or estate, this affects you and your tax filing process. Comments on these updates are open until January 14, 2026, so get your thoughts in soon!
Analyzed Economic Effects
1 provisions identified: 0 benefits, 1 costs, 0 mixed.
Trusts & Estates 1041 Paperwork Burden
If you manage a trust or an estate that files Form 1041, the Treasury is updating the paperwork, forms, schedules, attachments, and published guidance you must follow. The agency estimates 3,240,000 respondents annually, an average of 9 hours and 49 minutes per response, 31,796,000 total annual burden hours, estimated monetized time of $2,298,581,000, out-of-pocket costs of $6,096,364,000, and a total monetized burden of $8,394,945,000.
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