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.
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