2026-05192NoticeWallet

IRS Begs for Feedback on Boring Tax Year Form 1128

Published Date: 3/17/2026

Notice

Summary

The IRS wants your thoughts on Form 1128, which businesses use to pick, change, or keep their tax year. This helps make sure the form is easy to use and not too much work. If you have ideas or concerns, send them by May 18, 2026, so the IRS can keep things smooth and fair for everyone.

Analyzed Economic Effects

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

Large Time Burden Per Filing

For estates, trusts, tax‑exempt organizations, and cooperatives, the IRS estimates each Form 1128 response takes 23 hours and 43 minutes. The IRS estimates 9,788 responses annually, for a total estimated annual burden of 232,066 hours.

Who Must File Form 1128

Form 1128 is the IRS form businesses and other entities use to adopt, change, or retain a tax year. Respondents include taxable and nontaxable entities and the notice explicitly lists estates, trusts, tax‑exempt organizations, and cooperatives as an affected public.

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Key Dates

Published Date
Comments Due
3/17/2026
5/18/2026

Department and Agencies

Department
Independent Agency
Agency
Treasury Department
Internal Revenue Service
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