IRS Polls Businesses on Tedious Form 8404 Overhaul
Published Date: 12/31/2025
Notice
Summary
The IRS wants your thoughts on how it collects info about interest charges on certain deferred taxes using Form 8404. This affects businesses dealing with DISC-related tax rules and aims to make the process clearer and less of a hassle. If you have ideas or concerns, send them in by March 2, 2026—your input could help shape future tax forms and rules!
Analyzed Economic Effects
1 provisions identified: 0 benefits, 1 costs, 0 mixed.
Form 8404 reporting burden for IC-DISC shareholders
If you are a shareholder of an Interest Charge Domestic International Sales Corporation (IC-DISC), you must use Form 8404 to figure and report the interest charge on DISC-related deferred tax liability required by Internal Revenue Code section 995(f). The IRS estimates 2,500 annual responses, about 7 hours and 47 minutes per response, and a total annual burden of 19,475 hours; the agency is seeking comments on this information collection by March 2, 2026.
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