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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