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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Previous / Next Documents
Previous: 2025-22704, Agency Information Collection Activities; Submission for OMB Review; Comment Request; U.S. Individual Income Tax Returns and Related Forms, Schedules, Attachments, and Published Guidance
The Treasury Department is updating its paperwork for U.S. individual income tax returns, including forms, schedules, and instructions. This affects all taxpayers who file annually, with some forms added or removed and guidance updated. Comments on these changes are open until January 14, 2026, so taxpayers and others can weigh in before the updates take effect.
Next: 2025-22707, Agency Information Collection Activities; Submission for OMB Review; Comment Request; U.S. Business Income Tax Returns and Related Forms, Schedules, Attachments, and Published Guidance
The Treasury Department is updating the paperwork businesses use to report their income taxes, including forms like 1065 and 1120. About 14 million businesses will be affected, with some forms added or removed and new guidance included. Comments on these changes are open until January 14, 2026, so businesses can weigh in before the updates take effect.