IRS wants your thoughts on business tax paperwork burden
Published Date: 8/10/2026
Notice
Summary
In accordance with the Paperwork Reduction Act of 1995, the IRS is inviting comments on the information collection request outlined in this notice.
Analyzed Economic Effects
3 provisions identified: 0 benefits, 2 costs, 1 mixed.
Very large business tax compliance burden
If you are a business owner who files federal business income tax returns, the IRS preliminarily estimates 13,640,000 respondents will spend a total of 826,500,000 hours complying. That is about 60 hours and 36 minutes per respondent, with monetized time of $52,805,000,000, out-of-pocket costs of $78,213,000,000, and a preliminary total monetized burden of $131,017,000,000.
Many business tax forms are in scope
The information collection covers a wide set of business tax forms, schedules, and attachments — for example, Forms 1065, 1120, 1120-S, 1120-F, 1120-REIT, 1120-RIC, and dozens more listed in Appendix A — meaning taxpayers who must file any listed form are included in the burden estimates. The collection also covers compliance with the related published guidance listed in Appendix B.
Burden estimates may change from guidance updates
The IRS states there have been changes in regulatory guidance and additions or removals of forms during the past year, and that these changes are anticipated to affect overall burden and cost estimates. The notice says final estimated figures are expected by the release of the 30-day comment notice.
Personalized for You
How does this regulation affect your finances?
Personalize government policy and PRIA will tell you what this federal register document means for your household, plus every other regulation we track. PRIA reads each provision against your financial profile to show you exactly what matters to your wallet.
Key Dates
Department and Agencies
Related Federal Register Documents
2026-18219, Car Loan Interest Deduction
This document contains final regulations regarding the deduction for certain taxpayers for an amount up to $10,000 of qualified passenger vehicle loan interest. This document also contains final regulations regarding new information reporting requirements for certain persons who, in a trade or business, receive from any individual interest aggregating $600 or more for any calendar year on a specified passenger vehicle loan, including applicable penalties for failures to file information returns or furnish payee statements as required. These regulations affect taxpayers that may deduct qualified passenger vehicle loan interest, and also persons subject to these information reporting requirements.
2026-17622, Federal Independent Dispute Resolution Operations; Correction
This document corrects typographical errors and omissions in the final rule that appeared in the June 4, 2026, Federal Register titled "Federal Independent Dispute Resolution Operations" (referred to hereafter as the "IDR final rule"). The effective date of the IDR final rule was August 3, 2026.
2026-11343, Trump Accounts; Hearing
The IRS is holding a public hearing on July 16, 2026, about new rules for opening Trump accounts. People interested in speaking must submit their topics by June 15, or the hearing gets canceled. These changes could affect how certain accounts are managed and reported, so stay tuned for updates that might impact your money and taxes.
2026-11140, Federal Independent Dispute Resolution Operations
Starting soon, health plans and insurers must share clearer info when they pay or deny surprise medical bills. They’ll use special codes to explain these decisions, especially when dealing with folks they don’t have contracts with. This helps patients and providers understand bills better and speeds up fixing disputes, with no extra costs for most people.
2026-09141, Section 45Z Clean Fuel Production Credit; Hearing
The IRS is holding a telephonic-only public hearing from May 27-29, 2026, about new rules for clean fuel production credits. These rules explain who can get credits, how to measure emissions, and how to register. If you’re involved in clean fuel, this could affect your money and how you apply for credits.
2026-08344, Section 45Z Clean Fuel Production Credit; Hearing
The IRS is holding a public hearing in late May 2026 to talk about new rules for the Clean Fuel Production Credit. These rules will explain who can get the credit, how to measure emissions, and what paperwork is needed. If you make clean fuel, these changes could affect your tax credits and when you can claim them.
Previous / Next Documents
Previous: 2026-16260, Foreign Endangered Species; Receipt of Permit Applications
The U.S. Fish and Wildlife Service is asking the public to share their thoughts on permit applications for activities involving endangered foreign species. These permits are needed because the law usually bans such activities without special permission. You have until September 9, 2026, to comment, and this process helps protect endangered animals while allowing some important work to continue.
Next: 2026-16263, o-Dichlorobenzene and p-Dichlorobenzene; Draft Risk Evaluations Under the Toxic Substances Control Act (TSCA); Notice of Availability and Request for Comment
The Environmental Protection Agency (EPA or Agency) is announcing the availability of and seeking public comment on the draft risk evaluations under the Toxic Substances Control Act (TSCA) for o- dichlorobenzene (CASRN 95-50-1) and p-dichlorobenzene (CASRN 106-46-7). The purpose of risk evaluations under TSCA is to determine whether a chemical substance presents an unreasonable risk of injury to health or the environment under the conditions of use (COUs), including unreasonable risk to potentially exposed or susceptible subpopulations identified as relevant to the risk evaluation by EPA, and without consideration of costs or non-risk factors. EPA is seeking public comment on the draft risk evaluations for o-dichlorobenzene and p- dichlorobenzene.