IRS Wants Your Take on Tax Cheat Penalty Paperwork
Published Date: 9/2/2026
Notice
Summary
The IRS wants your thoughts on how it collects info about penalties for tax preparers who mess up and make taxpayers owe less than they should. This affects tax preparers and helps the IRS keep things fair without making paperwork a headache. Send your comments by November 2, 2026, to help shape the rules and keep the process smooth and clear.
Analyzed Economic Effects
1 provisions identified: 0 benefits, 1 costs, 0 mixed.
Tax Preparer Recordkeeping Requirement
If you are a tax return preparer, these rules require you to record your name, taxpayer identification number, and principal place of work; make each return or refund claim you prepare available for inspection by the Commissioner; and document that you advised the taxpayer of the penalty standards applicable to avoid penalties under section 6694 (per sections 6060, 6107, and 6694). The IRS estimates this collection covers 127,800,734 respondents, takes about 5 minutes per response, and totals 10,224,059 annual burden hours.
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Key Dates
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