2026-00278Notice

IRS Invites Gripes on Double-Tax Dodging Forms

Published Date: 1/9/2026

Notice

Summary

The IRS wants your thoughts on how it collects info about foreign tax credits, which help people and businesses avoid paying tax twice. If you deal with foreign taxes, this could affect you. Comments are open until March 10, 2026, so jump in now to help shape the rules and possibly ease paperwork burdens.

Analyzed Economic Effects

2 provisions identified: 1 benefits, 1 costs, 0 mixed.

Election Statement for Foreign Tax Safe Harbor

If you claim a foreign tax credit using the safe harbor, Treasury Regulation section 1.901-2A(d) requires you to provide a written statement electing to use the safe harbor formula. The rule described (section 1.901-2A(e)) applies to dual-capacity taxpayers who apply the safe harbor to qualifying levies.

Comment Opportunity on TD 7918 Collection

The IRS is asking for public comments on the information collection for TD 7918 (Creditability of Foreign Taxes) and will accept written comments through March 10, 2026. The notice identifies OMB Control No. 1545-0746, states there is no change to the currently approved collection, and estimates 120 responses at 20 minutes each (41 total annual burden hours).

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Key Dates

Published Date
Comments Due
1/9/2026
3/10/2026

Department and Agencies

Department
Independent Agency
Agency
Treasury Department
Internal Revenue Service
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