2026-02811Notice

IRS Seeks Input: Is Nuclear Fund Tax Form Too Explosively Burdensome?

Published Date: 2/12/2026

Notice

Summary

The IRS wants your thoughts on the paperwork for Form 1120-ND, which is used by nuclear decommissioning funds and related folks to report taxes. They’re checking if the form is clear, useful, and not too much work, aiming to keep things smooth and fair. If you’re involved, send your comments by April 13, 2026, to help shape the process and possibly save time and money.

Analyzed Economic Effects

4 provisions identified: 1 benefits, 3 costs, 0 mixed.

Large Time Burden Per Respondent

If you operate a nuclear decommissioning fund or are a related person required to file Form 1120-ND, the IRS estimates each respondent must spend about 32 hours and 35 minutes to complete the form. The agency estimates 100 respondents and a combined annual burden of 3,259 hours.

Form 1120-ND Tax Reporting Requirements

Form 1120-ND is used by nuclear decommissioning funds to report contributions received, income earned, administration expenses, and the tax on modified gross income. The form is also sometimes used to report and pay section 4951 taxes on self-dealing.

No Form Changes; Extension Requested

The IRS states that there are no changes being made to Form 1120-ND at this time and that this action is an extension of a currently approved collection (OMB Number 1545-0954). Filers should expect the current form and requirements to continue unless future changes are made.

Opportunity to Comment by April 13, 2026

If you are involved with Form 1120-ND, you can submit written comments to the IRS about the information collection by April 13, 2026. Comments will be summarized and made public, so do not include confidential personal information.

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Key Dates

Published Date
Comments Due
2/12/2026
4/13/2026

Department and Agencies

Department
Independent Agency
Agency
Treasury Department
Internal Revenue Service
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