IRS Gauges Burden of Low-Income Credit Program Forms
Published Date: 2/12/2026
Notice
Summary
The IRS wants your thoughts on how it collects info for the Low-Income Communities Bonus Credit Program, which helps boost investments in poorer neighborhoods. They’re checking if the paperwork is fair and not too much work, aiming to keep things clear and easy. If you have ideas or concerns, send them by April 13, 2026—this could affect how much time and money folks spend on the program.
Analyzed Economic Effects
2 provisions identified: 1 benefits, 1 costs, 0 mixed.
Estimated 3‑Hour Paperwork Burden
The IRS estimates the information collection for the Low-Income Communities Bonus Credit Program will involve about 70,000 business respondents, each taking about 3 hours, for a total of 210,000 annual burden hours. This is an extension of a currently approved collection under OMB No. 1545-2308 related to TD 9979 and Rev. Proc. 2023-27.
Opportunity to Comment by April 13, 2026
Businesses and other for‑profit organizations can submit written comments about the information collection by April 13, 2026. The IRS is seeking input on burden, clarity, and ways to minimize costs including automation and estimates of capital or start‑up costs.
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