Interest Costs Get Bureaucratic Burden Checkup
Published Date: 2/19/2026
Notice
Summary
The IRS wants your thoughts on how much work it takes to follow rules about adding interest costs to big projects. This affects businesses that track interest expenses for taxes. They’re asking for comments by April 20, 2026, to see if the process can be easier or cheaper.
Analyzed Economic Effects
4 provisions identified: 0 benefits, 4 costs, 0 mixed.
Must Keep Written Production Period Records
If you are a taxpayer subject to the interest capitalization rules under Internal Revenue Code section 263A(f), the regulation requires you to maintain contemporaneous written records of your production period estimates. This is a recordkeeping requirement called out in Regulation Project TD 8584 and is part of the information collection (OMB No. 1545-1265).
Must File Ruling Requests to Segregate Activities
The regulation requires taxpayers to file a ruling request if they want to segregate activities when applying the interest capitalization rules. That filing is part of the information collection covered by OMB No. 1545-1265.
Need Commissioner Consent to Change Accounting Methods
Under the cited regulation, taxpayers must request the consent of the Commissioner to change their methods of accounting for capitalization of interest. This consent request is part of the information collection (OMB No. 1545-1265).
Scale of Paperwork Burden Estimated
The IRS estimates this information collection (Capitalization of Interest, OMB No. 1545-1265) affects 500,050 respondents, at an average of 14 minutes per respondent, totaling 116,767 annual burden hours. The agency is seeking public comments on ways to reduce this burden by April 20, 2026.
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