# 2026-12545: IRS Seeks Feedback on Country-by-Country Tax Reporting Form

2026-12545, Agency Information Collection Activities; Comment Request on Form 8975 and Schedule A (Form 8975), is a Federal Register notice from Treasury Department, Internal Revenue Service published 2026-06-23, effective Written comments should be received on or before August 24, 2026 to be assured of consideration.; PRIA reads it as touching household money (as of 2026-06-30).

- Canonical: https://policyrisk.com/federal-register/2026-12545
- As of: 2026-06-30
- Plain-text twin of the page above; the HTML and this file carry the same facts.

## Facts
- Document number: 2026-12545
- Title: Agency Information Collection Activities; Comment Request on Form 8975 and Schedule A (Form 8975)
- Type: Notice
- Agencies: Treasury Department; Internal Revenue Service
- Citation: 91 FR 37496
- Published: 2026-06-23
- Effective: Written comments should be received on or before August 24, 2026 to be assured of consideration.
- Comments close: 2026-08-24
- Significant: no
- Touches household money: yes
- Regulation identifier numbers: none
- Last updated: 2026-06-30

## In one line

IRS Seeks Feedback on Country-by-Country Tax Reporting Form

## Summary

The IRS wants your thoughts on Form 8975 and Schedule A, which big companies use to report financial info by country. They’re checking if these forms are clear and not too much work, so they’re asking for comments by August 24, 2026. This helps keep the paperwork fair and easy, with no surprise costs or headaches for businesses.

## Abstract

In accordance with the Paperwork Reduction Act of 1995, the IRS is inviting comments on the information collection request outlined in this notice.

## Effects PRIA read

- Who Must File Form 8975: cost, medium. If you are the ultimate parent of a U.S. multinational enterprise with annual revenue of $850,000,000 or more for the preceding reporting period, you must file Form 8975 with your income tax return to report country-by-country information.
- What Financial Data You Must Report: cost, medium. Filers must list constituent entities and report by tax jurisdiction the group's revenues, profits, income taxes paid and accrued, stated capital, accumulated earnings, and tangible assets (other than cash), plus each entity's tax jurisdiction, country of organization, and main business activity.
- Separate Schedules A by Jurisdiction: cost, low. If your group has one or more constituent entities resident in a tax jurisdiction, you must file a separate Schedule A (Form 8975) for that jurisdiction reporting the required details.
- Estimated Compliance Time Burden: cost, medium. The IRS estimates 2,045 responses with an average time per response of 6 hours and 41 minutes, for an estimated total annual burden of 46,790 hours for this information collection (OMB Control No. 1545-2272).

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- [2026-20277](https://policyrisk.com/federal-register/2026-20277): Federal Scholarship Tax Credit, 2026-10-02
- [2026-20026](https://policyrisk.com/federal-register/2026-20026): Trump Accounts, 2026-09-30
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- [2026-18219](https://policyrisk.com/federal-register/2026-18219): Car Loan Interest Deduction, 2026-09-08
- [2026-17622](https://policyrisk.com/federal-register/2026-17622): Federal Independent Dispute Resolution Operations; Correction, 2026-08-28

## Sources
- [2026-12545 on federalregister.gov](https://www.federalregister.gov/documents/2026/06/23/2026-12545/agency-information-collection-activities-comment-request-on-form-8975-and-schedule-a-form-8975)
- [2026-12545 as published (PDF)](https://www.govinfo.gov/content/pkg/FR-2026-06-23/pdf/2026-12545.pdf)

## Related
- [Previous: 2026-12541, Biweekly Notice; Applications and Amendments to Facility Operating Licenses and…](https://policyrisk.com/federal-register/2026-12541)
- [Next: 2026-12548, Notice of Two Proposed CERCLA Administrative Settlement Agreements for Recovery…](https://policyrisk.com/federal-register/2026-12548)
- [All Federal Register documents](https://policyrisk.com/federal-register)

Source: PRIA, https://policyrisk.com/federal-register/2026-12545 (as of 2026-06-30).