Treasury Seeks Comments on a Mountain of Tax Forms
Published Date: 10/23/2026
Notice
Summary
The Treasury Department is asking for public feedback on its plan to update and combine tax-related forms and paperwork under one approval number. This affects businesses and individuals who file U.S. information returns, aiming to make the process smoother without adding extra costs. Comments are due by November 23, 2026, so don’t miss your chance to weigh in!
Analyzed Economic Effects
2 provisions identified: 0 benefits, 1 costs, 1 mixed.
New national burden and cost totals
Under the RAAS model the IRS reports for Tax Year 2026 an estimated 79,536,100 information return issuers, total estimated time of 140,987,248 hours (about 1 hour 46 minutes per respondent), monetized time of $7,782,769,618, out-of-pocket costs of $6,179,662,122, and a total monetized burden of $13,962,431,740; the transition also produced a reported decrease in total estimated time burden of 2,420,759,231 hours. These numbers are the IRS's newly reported national estimates of time and money associated with preparing and issuing information returns.
IRS shifts to RAAS burden model
The IRS is switching its burden-estimate method from the legacy Arthur D. Little model to the RAAS Taxpayer Burden Model and will group about 51 information returns under a single OMB Control Number (1545-0108). The RAAS model focuses on issuer characteristics (type and number of forms issued and whether a form is newly issued), will provide more comprehensive aggregate burden estimates, and will not provide form-by-form burden estimates; the agency calls this a one-time shift that does not reflect a change in actual burden.
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