2025 Supporting Statement 1545-0123

2025 Supporting Statement 1545-0123.docx

U.S. Business Income Tax Returns

OMB: 1545-0123

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Supporting STATEMENT

Internal Revenue Service (IRS)

U. S. Business Income Tax Returns

OMB Control Number 1545-0123


  1. CIRCUMSTANCES NECESSITATING COLLECTION OF INFORMATION


Sections 6011, 6012, and 6031 of the Internal Revenue Code (IRC) require businesses to prepare and file income tax returns. These forms and related schedules are used by businesses to report income and other compensation subject to tax as well as to report and disclosure taxes paid.


Treasury Regulations sections 1.6011-1, 1.6012-2, and 1.6031(a)-1 explain that every business subject to any tax, or required to collect any tax, under Subtitle A of the IRC, shall make such returns or statements as are required by the regulations. The return or statement shall include therein the information required by the applicable regulations or forms. Treasury Regulations sections 301.6011-3 and 301.6011-5 require the use of electronic filing for filing 10 or more returns.


OMB clearance for the burden estimate will be requested before the relevant tax filing season but after the IRS has had the opportunity to update its models with prior year data and to make necessary revisions to draft forms (including providing drafts to public for comment) and is sought on an annual basis instead of on the regular 3-year Paperwork Reduction Act (PRA) cycle. Doing so ensures that new and updated forms can be made available for use on a timelier basis.


This information collection request (ICR) covers the actual reporting, recordkeeping, and third-party disclosure burden associated with the forms and their affiliated schedules and regulations.


  1. USE OF DATA


These forms and schedules are used by businesses to report their income tax liability. The data is used by the IRS to verify that the items reported on the forms are allowable, and also for general statistical use.


  1. USE OF IMPROVED INFORMATION TECHNOLOGY TO REDUCE BURDEN


Electronically filing is currently available for the forms and schedules used by businesses.


  1. EFFORTS TO IDENTIFY DUPLICATION


The information obtained through this collection is unique and is not already available for use or adaptation from another source.


  1. METHODS TO MINIMIZE BURDEN ON SMALL BUSINESSES OR OTHER SMALL ENTITIES


There is no flexibility to reduce burden on small businesses or other small entities because the statutes can apply to small businesses and small entities. Small business should not be disadvantaged as the forms have been structed to request the least amount of information and still satisfy the requirements of the statute and the needs of the IRS. The burden on a given entity will depend on the complexity of their enterprise. Small businesses will generally have a much lower burden of compliance than large and complex businesses.


The forms can be filed electronically, which further reduces any burden to small businesses. The IRS proactively works with both internal and external stakeholders to minimize the burden on small businesses, while maintaining tax compliance. The IRS also seeks input regarding the burden estimates from the public via notices and tax product instructions.


  1. CONSEQUENCES OF LESS FREQUENT COLLECTION ON FEDERAL PROGRAMS OR POLICY ACTIVITIES


Consequences of less frequent collection on federal programs or policy activities could consist of a decrease in the amount of taxes collected by the IRS, inaccurate and untimely filing of tax returns, and an increase in tax violations.


  1. SPECIAL CIRCUMSTANCES REQUIRING DATA COLLECTION TO BE INCONSISTENT WITH GUIDELINES IN 5 CFR 1320.5(d)(2)


There are no special circumstances requiring data collection to be inconsistent with guidelines in 5 CFR 1320.5(d)(2).


  1. CONSULTATION WITH INDIVIDUALS OUTSIDE OF THE AGENCY ON AVAILABILITY OF DATA, FREQUENCY OF COLLECTION, CLARITY OF INSTRUCTIONS AND FORMS, AND DATA ELEMENTS


In response to the Federal register notice dated July 25, 2025, (90 FR 35366), we received public comments from Nareit. The full comments will be included within submission to the Office of Management and Budget (OMB). The summary of the comments and the IRS responses are below:


NAREIT Comments dated September 22, 2025
U.S. Business Income Tax Returns, OMB control number 1545-0123


Note: Page numbers are based on the PDF document consisting of 8 pages.

Page Number


Summary of public comment


IRS response

2

NAREIT recommends that the IRS allow both electronic filing and electronic signatures for both the Form 1120-REIT and the Form 8875.

Form 8875 is a Stand Alone (filed independently, not as a Child attachment form).  This form is on the MeF new development listing (MeF Sequencing Plan) but is not yet assigned to tax year/processing year.

Comments specific to Form 1120-REIT

2

Clarify that Part III of Form 1120-REIT has been modified to calculate a REIT’s gross income for purposes of section 857(b)(5).

IRS has already implemented this suggestion.

3

Modify Item D of Form 1120-REIT and its instructions by substituting the word “REIT” with “Taxpayer” so that Item D reads “Date Taxpayer established.”

IRS declines to implement these suggestions for Tax Year 2025/Processing Year 2026. IRS will evaluate these suggestions for any form developments for Tax Year 2026/Processing Year 2027, balancing the needs of the Agency and any new legislative priorities.

4

It may be helpful to include a checkbox near the top of Form 1120-REIT relevant to an initial-electing REIT that is switching its year from a fiscal year to a calendar year under section 859.

IRS declines to implement these suggestions for Tax Year 2025/Processing Year 2026. IRS will evaluate these suggestions for any form developments for Tax Year 2026/Processing Year 2027, balancing the needs of the Agency and any new legislative priorities.

4

Additionally, it would be helpful if Schedule A were amended to reflect the calculation of the deduction for dividends paid attributable to any increase in earnings and profits as a result of section 562(e)(1)(A).

IRS has already implemented this suggestion.

Comments specific to Form 8875

4

Part I of Form 8875 should be amended to require contact information of an officer or legal representative of the TRS.

IRS declines to implement these suggestions for Tax Year 2025/Processing Year 2026. IRS will evaluate these suggestions for any form developments for Tax Year 2026/Processing Year 2027, balancing the needs of the Agency and any new legislative priorities.

4

Automatic” TRS subsidiaries: correction of reference to statutory language and include check box for Automatic TRS subsidiaries.

IRS declines to implement these suggestions for Tax Year 2025/Processing Year 2026. IRS will evaluate these suggestions for any form developments for Tax Year 2026/Processing Year 2027, balancing the needs of the Agency and any new legislative priorities.

4

Automatic TRSs: additional correction of reference to statutory language.

IRS declines to implement these suggestions for Tax Year 2025/Processing Year 2026. IRS will evaluate these suggestions for any form developments for Tax Year 2026/Processing Year 2027, balancing the needs of the Agency and any new legislative priorities.

5

The second paragraph of the instructions to Form 8875 under “Purpose of Form” should be amended.

IRS declines to implement this suggestion because it would be providing tax advice on an informational return. For specific tax advice, please contact a tax professional.

5

Allow for specific date for revocation of TRS election.

IRS declines to implement these suggestions for Tax Year 2025/Processing Year 2026. IRS will evaluate these suggestions for any form developments for Tax Year 2026/Processing Year 2027, balancing the needs of the Agency and any new legislative priorities.

5

Update instructions regarding revocation of TRS election for “automatic TRSs.”

IRS declines to implement these suggestions for Tax Year 2025/Processing Year 2026. IRS will evaluate these suggestions for any form developments for Tax Year 2026/Processing Year 2027, balancing the needs of the Agency and any new legislative priorities.

6

Instructions should clarify that TRS election applies to any entity that succeeds to the attributes of either the REIT or TRS under section 381(a).

IRS declines to implement these suggestions for Tax Year 2025/Processing Year 2026. IRS will evaluate these suggestions for any form developments for Tax Year 2026/Processing Year 2027, balancing the needs of the Agency and any new legislative priorities.

6

Allow automatic extension of time to file TRS election.

IRS is unable to implement this suggestion, such a change would require issuance of new guidance.

7

NAREIT recommends that the retroactivity rules under Form 8875 (for TRSs) conform to those under Form 8832 (Entity Classification).

IRS declines to implement these suggestions for Tax Year 2025/Processing Year 2026. IRS will evaluate these suggestions for any form developments for Tax Year 2026/Processing Year 2027, balancing the needs of the Agency and any new legislative priorities.

8

NAREIT recommends that the Form 8875 permit an electing entity to revoke its TRS election up to 75 days prior to the date of filing of the Form 8875.

IRS declines to implement these suggestions for Tax Year 2025/Processing Year 2026. IRS will evaluate these suggestions for any form developments for Tax Year 2026/Processing Year 2027, balancing the needs of the Agency and any new legislative priorities.

8

NAREIT recommends that an election on Form 8875 automatically effect (simultaneous with the chosen effective date for the TRS election) a “check-the-box” election for corporate entity classification.

IRS declines to implement these suggestions for Tax Year 2025/Processing Year 2026. IRS will evaluate these suggestions for any form developments for Tax Year 2026/Processing Year 2027, balancing the needs of the Agency and any new legislative priorities.



  1. EXPLANATION OF DECISION TO PROVIDE ANY PAYMENT OR GIFT TO RESPONDENTS


No payment or gift has been provided to any respondents.


  1. ASSURANCE OF CONFIDENTIALITY OF RESPONSES


Generally, tax returns and tax return information are confidential as required by 26 U.S.C. 6103.


  1. JUSTIFICATION OF SENSITIVE QUESTIONS


A privacy impact assessment (PIA) has been conducted for information collected under this request as part of the “ Business Master File  (BMF) ” and “Corporate Data Initiative (CDI)” systems, and Privacy Act System of Records notices (SORN) has been issued for these systems under Treasury/IRS 24.030–Customer Account Data Engine Individual Master File; Treasury/IRS 24.046-Business Master File and IRS 34.037–IRS Audit Trail and Security Records System, Treasury/IRS 42.001-Examination Administrative File; Treasury/IRS 42.021-Compliance Programs and Project Files.  The Internal Revenue Service PIAs can be found at http://www.IRS.gov/privacy/PIAs/Pages/default.aspx


Title 26 U.S.C. 6109 requires inclusion of identifying numbers in returns, statements, or other documents for securing proper identification of persons required to make such returns, statements, or documents and is the authority for social security numbers (SSNs) in IRS systems.


  1. ESTIMATED BURDEN OF INFORMATION COLLECTION And

  2. ESTIMATED TOTAL ANNUAL COST BURDEN TO RESPONDENTS


PRA Approval of Forms Used by Business Taxpayers

Under the PRA, OMB assigns a control number to each ''collection of information'' that it reviews and approves for use by an agency. The PRA also requires agencies to estimate the burden for each collection of information. Burden estimates for each control number are displayed in (1) PRA supporting statement that accompanies collections of information, (2) Federal Register notices, and (3) OMB's database of approved information collections.


This collection includes business tax returns and related forms, schedules, attachments, and published guidance used by business entity taxpayers to report and pay their income taxes.


RAAS Taxpayer Burden Model for Business Taxpayers


Tax compliance burden is defined as the time and money taxpayers spend to comply with their tax filing responsibilities. Time-related activities include recordkeeping, tax planning, gathering tax materials, learning about the law, and completing and submitting the return. Out-of-pocket costs include expenses such as purchasing tax software, paying a third-party preparer, and printing and postage. Tax compliance burden does not include a taxpayer’s tax liability, economic inefficiencies caused by sub-optimal choices related to tax deductions or credits, or psychological costs.


The IRS uses the RAAS Taxpayer Burden Model for Business Taxpayers (Business Taxpayer Burden Model) to estimate the burden experienced by business taxpayers when complying with Federal tax laws. The model is based on a survey of Tax Year 2019 business tax return filers that was fielded in 2020 and 2021. The model is updated annually to account for technical, legislative and agency adjustments.


The RAAS methodology for estimating burden focuses on the characteristics of activities undertaken by business taxpayers in meeting their tax filing obligations. It is based on the primary drivers associated with observed business tax reporting burden. These include tax preparation method, business entity type, total assets, total revenue, business industry, foreign activity, and specific credits and deductions claimed on the return. Developments in tax law and changes in the tax forms and instructions are incorporated into the model as appropriate. 


Taxpayer Burden Estimates


Summary results for Fiscal Year 2026 using the Business Taxpayer Burden Model estimation methodology are presented below. The data shown are the best forward-looking estimates available for business tax returns filed for Tax Year 2025. The burden estimates are based on statutory requirements as of November 20, 2025.



Table 1


Burden Estimates for U.S. Business Income Tax Returns and Related Forms, Schedules, Attachments, and Published Guidance


Fiscal Year 2026


 

Fiscal Year 2025

Program Change Due to Technical Adjustment

Program Change Due to Legislative Adjustment

Program Change Due to Agency Adjustment

Fiscal Year 2026


Number of Respondents

13,900,000

100,000

0

0

14,000,000


Time (Hours)

935,100,000

(70,100,000)

(8,000,000)

0

857,000,000


Monetized Time

$56,152,000,000

($3,362,000,000)

($215,000,000)

$0

$52,575,000,000


Out-of-Pocket Costs

$71,617,000,000

$8,044,000,000

($442,000,000)

$0

$79,219,000,000


Total Monetized Burden*

$127,769,000,000

$4,682,000,000

($657,000,000)

$0

$131,794,000,000


Source: IRS:RAAS:KDA:BRDN (10-1-2025)


*Total Monetized Burden = Monetized Time + Out-of-Pocket Costs


Note: Reported time and cost burdens are national averages and do not necessarily reflect a “typical” case. Most taxpayers experience lower than average burden, with taxpayer burden varying considerably by taxpayer type.





Tax return data are used to calculate a monetization rate for business taxpayers based on level of reported total assets and constructed total revenue. A lower bound is set at the federal minimum wage plus employment taxes. An upper bound is set using labor rates from the U.S. Bureau of Labor Statistics (BLS) Occupational and Employment Wage Statistics (OEWS) and the BLS Employer Costs for Employee Compensation from the National Compensation Survey. Specifically, we use the OEWS 90th percentile for accountants and auditors plus the ratio of total compensation to wages and salaries from private industry workers (management, professional, and related occupations) to account for fringe benefits. An additional adjustment accounts for administrative overhead.


The following additional breakouts of average burden are provided for transparency in understanding the average estimated burden by classifications of business taxpayers and total positive income. Table 2 shows the burden model estimates for each of the three classifications of business taxpayers: Partnerships (Table 2A), Taxable Corporations (Table 2B) and Pass-Through Corporations (Table 2C). As the tables show, the average filing burden is different for the three forms of business entities. Showing a combined average burden for all businesses would understate the burden for corporations and overstate the burden for the two pass-through entities (partnerships and s-corporations). In addition, the burden for small and large businesses is shown separately for each type of business entity to clearly convey the substantially higher burden faced by the largest businesses.




Table 2


Business Entity Estimated Average Burden by Business Structure and Size


Fiscal Year 2026


Table 2A – Entities Taxed as Partnerships*


Business Structure and Size

Total Number of Returns

Average Time (hrs.)

Average Out-of-Pocket Cost

Average Total Monetized Burden


(in millions)


All Partnerships

5.5

60

$5,300

$8,700


Small

5.1

50

$3,300

$5,200


Large**

0.4

180

$29,400

$50,700


*Includes Forms 1065, 1066, and all attachments


Table 2B – Entities Taxed as Taxable Corporations*


Business Structure and Size

Total Number of Returns

Average Time (hrs.)

Average Out-of-Pocket Cost

Average Total Monetized Burden


(in millions)


All Taxable Corporations

2.3

90

$8,600

$15,700


Small

2.1

40

$3,900

$6,000


Large**

0.2

610

$69,400

$141,500


*Includes Forms 1120, 1120-C, 1120-F, 1120-H, 1120-ND, 1120-SF, 1120-FSC, 1120-L, 1120-PC, 1120-POL, and all attachments


Table 2C – Entities Taxed as Pass-Through Corporations*


Business Structure and Size

Total Number of Returns

Average Time (hrs.)

Average Out-of-Pocket Cost

Average Total Monetized Burden


(in millions)


All Pass-through Corporations

6.2

60

$4,800

$7,700


Small

6.1

50

$4,200

$6,500


Large**

0.1

290

$42,600

$76,600


*Includes Forms 1120-REIT, 1120-RIC, 1120-S, and all attachments


Source: IRS:RAAS:KDA:BRDN (10-1-2025)


**A large business is defined as one having end-of-year assets greater than $10 million.  Total filer counts may not equal the total burden estimates table due to rounding.







Table 3 shows the average burden estimate for business entities by total positive income. Total positive income is defined as the sum of all positive income amounts reported on the return.





Table 3


Business Entity Estimated Average Burden by Business Structure and Total Positive Income


Fiscal Year 2026


Table 3A – Entities Taxed as Partnerships*


Total Positive Income

Average Time (Hours)

Average Out-of-Pocket Costs

Average Monetized Burden

1. < 100k

40

$1,700

$2,500

2. 100k to 1mil

50

$4,900

$7,600

3. 1mil to 10mil

90

$14,500

$24,500

4. 10mil to 100mil

330

$55,100

$94,700

5. > 100mil

1,550

$239,000

$422,600

*Includes Forms 1065, 1066, and all attachments


Table 3B – Entities Taxed as Taxable Corporations*


Total Positive Income

Average Time (Hours)

Average Out-of-Pocket Costs

Average Monetized Burden

1. < 100k

30

$1,400

$1,900

2. 100k to 1mil

50

$4,700

$6,700

3. 1mil to 10mil

90

$14,200

$24,400

4. 10mil to 100mil

380

$55,600

$100,900

5. > 100mil

3,240

$295,700

$678,700

*Includes Forms 1120, 1120-C, 1120-F, 1120-H, 1120-ND, 1120-SF, 1120-FSC, 1120-L, 1120-PC, 1120-POL and all attachments


Table 3C – Entities Taxed as Pass-Through Corporations*


Total Positive Income

Average Time (Hours)

Average Out-of-Pocket Costs

Average Monetized Burden


1. < 100k

50

$1,700

$2,400


2. 100k to 1mil

50

$4,000

$6,000


3. 1mil to 10mil

70

$10,200

$17,700


4. 10mil to 100mil

270

$40,800

$73,100


5. > 100mil

1,220

$175,700

$320,400


*Includes Forms 1120-REIT, 1120-RIC, 1120-S, and all attachments



Source: IRS:RAAS:KDA:BRDN (10-1-2025)



Note: Total filer counts may not equal the total burden estimates table due to rounding.






  1. ESTIMATED ANNUALIZED COST TO THE FEDERAL GOVERNMENT

The Federal government cost estimate for product development is based on a model that considers the following three cost factors for each information product: aggregate labor costs for development, including annualized startup expenses, operating and maintenance expenses, and distribution of the product that collects the information. These costs do not include any activities such as taxpayer assistance and enforcement.


The government computes cost using a multi-step process. First, the government creates a weighted factor for the level of effort to create each information collection product based on variables such as complexity, number of pages, type of product and frequency of revision. Second, the total costs associated with developing the product such as labor cost, and operating expenses associated with the downstream impact such as support functions, are added together to obtain the aggregated total cost. Then, the aggregated total cost and factor are multiplied together to obtain the aggregated cost per product. Lastly, the aggregated cost per product is added to the cost of shipping and printing each product to IRS offices, National Distribution Center, libraries and other outlets. The result is the Government cost estimate per product.


The government cost estimate for this collection is summarized in the table below.


Products

Aggregate Cost per Product

(factor applied)


Printing and Distribution


Government Cost

Business Forms and Instructions

$12,763,097

+

$16,797

=

$12,779,894

Totals

$12,763,097

+

$16,797

=

$12,779,894

Table costs are based on 2024 actuals obtained from IRS Chief Financial Office and Media and Publications.

*See supplementary document for cost per form and instructions.


The government cost estimates for processing tax returns and performing related functions in the Submission Processing Campus(es) includes salaries and benefits only. Other costs such as real estate, programming, recruitment, equipment, and supplies are not included.


Estimated Filers

Processing Cost - Paper Returns


Processing Cost - Electronic Returns


Government Cost Estimate

14,000,000

$9,655,592

+

$2,601,760

=

$13,571,960

Total

 

 

 

 

$13,571,960

Table costs estimates are based on FY2024 IRS Cost Estimate References.


The total government cost estimate for this collection is $26,351,854.


  1. REASONS FOR CHANGE IN BURDEN


The year-over-year change in burden is analyzed and reported by technical adjustments, legislative adjustments, and agency adjustments.


Changes Due to Technical Adjustment: The majority of the year-over year change in burden is due to technical adjustments. The table provided below breaks down the major changes by technical adjustment type.


Updates to FY2025 estimates resulted in a 1.1% increase in total monetized burden. This net increase is primarily driven by the composition of the underlying tax return data and revised legislative estimates based on filing data.


Refinements to the Business Taxpayer Burden Model shifted the allocation of total monetized burden from time burden (a reduction of $4,964 million) to out-of-pocket costs (an increase of $4,680 million) with a small overall reduction in total monetized burden of $284 million (0.2%).


The Fiscal Year 2026 population adjustments transition the underlying data file from Fiscal Year 2025 to Fiscal Year 2026 which includes aging the data for macroeconomic factors and adjusting weights to account for changes in the year-over-year population differences. The Fiscal Year 2026 filer population is forecasted to increase by 100,000 returns. The increase in filer population combined with macroeconomic factors are estimated to increase total monetized burden by 2.8%. The total change to monetized burden includes a 1.1% increase in time burden and a 3.3% increase in out-of-pocket costs.


Altogether, these technical adjustments resulted in a net increase in total monetized burden of 3.7%. This includes increases in the filer population of 0.7% and out-of-pocket costs of 11.2%, and a decrease in time burden of 7.5%.



Table 4

Business Entity Program Change Due to Technical Adjustment

Fiscal Year 2026

 

Change in Respondents

Change in Time (Hours)

Change in Monetized Time

Change in Out-of-Pocket Costs

Change in Total Monetized Burden*

Fiscal Year 2025 Updates**

0

(5,100,000)

$605,000,000

$797,000,000

$1,402,000,000

Update to Burden Survey Data and Model

0

(74,000,000)

(4,964,000,000)

4,680,000,000

(284,000,000)

Projection to Fiscal Year 2026***

100,000

9,000,000

$997,000,000

$2,567,000,000

$3,564,000,000

Total Technical Adjustments

100,000

(70,100,000)

($3,362,000,000)

$8,044,000,000

$4,682,000,000

Source: IRS:RAAS:KDA:BRDN (10-1-2025)

*Change in Total Monetized Burden = Change in Monetized Time + Change in Out-of-Pocket Costs

**lncludes updated population counts, macroeconomic adjustments, and updated tax return data

***lncludes updated population counts and macroeconomic adjustments



Changes Due to Legislative Adjustment: There are two legislative adjustments that may have a material effect on burden relative to a current policy baseline. These include new 1099-DA reporting requirements and changes associated with Pub. L. 119-21 (One Big Beautiful Bill Act).


Total monetized burden is expected to increase by 0.1% as a result of businesses receiving Form 1099-DA. This includes a 0.1% increase to both time burden and out-of-pocket costs.


The overall impact of the One Big Beautiful Bill Act is a small decrease in total monetized burden of 0.6%. This consists of decreases in time burden of 1.0% and out-of-pocket costs of 0.6% and is driven by burden associated with Sections 70433 (Increase in Threshold for Requiring Information Reporting with Respect to Certain Payees), and 70503 (Termination of Qualified Commercial Clean Vehicles Credit).


Altogether, changes due to legislative adjustments are expected to decrease total monetized burden by 0.5%. This includes a 0.9% decrease in time burden and a 0.6% decrease in out-of-pocket costs.



Table 5

Business Entity Program Change Due to Legislative Adjustment

Fiscal Year 2026

 

Change in Respondents

Change in Time (Hours)

Change in Monetized Time

Change in Out-of-Pocket Costs

Change in Total Monetized Burden*


New 1099-DA Reporting Requirements

0

1,000,000

$26,000,000

$51,000,000

$77,000,000


Pub. L. 119-21 (One Big Beautiful Bill Act)

0

(9,000,000)

($241,000,000)

($493,000,000)

($734,000,000)


Total Legislative Adjustments

0

(8,000,000)

($215,000,000)

($442,000,000)

($657,000,000)


Source: IRS:RAAS:KDA:BRDN (10-1-2025)


*Change in Total Monetized Burden = Change in Monetized Time + Change in Out-of-Pocket Costs




Changes Due to Agency Adjustment: There were no independent and significant year-over-year Agency changes impacting the burden calculations for this collection.


Table 6


Burden Estimates for U.S. Business Income Tax Returns and Related Forms, Schedules, Attachments, and Published Guidance


Fiscal Year 2026


 

Requested

Program Change Due to Agency Adjustment

Program Change Due to Legislative Adjustment

Program Change Due to Technical Adjustment

Program Change Due to Potential Violation of the PRA

Previously Approved


Number of Respondents

14,000,000

0

0

100,000

0

13,900,000


Time (Hours)

857,000,000

0

(8,000,000)

(70,100,000)

0

935,100,000


Monetized Time

$52,575,000,000

$0

($215,000,000)

($3,362,000,000)

$0

$56,152,000,000


Out-of-Pocket Costs

$79,219,000,000

$0

($442,000,000)

$8,044,000,000

$0

$71,617,000,000


Total Monetized Burden*

$131,794,000,000

$0

($657,000,000)

$4,682,000,000

$0

$127,769,000,000


Source: IRS:RAAS:KDA:BRDN (10-1-2025)



*Change in Total Monetized Burden = Change in Monetized Time + Change in Out-of-Pocket Costs





Note: Reported time and cost burdens are national averages and do not necessarily reflect a “typical” case. Most taxpayers experience lower than average burden, with taxpayer burden varying considerably by taxpayer type.







See the attached Technical, Legislative and Agency Adjustment document for a description of the various changes made to tax forms to comply with the 2025 Technical, Legislative, and Agency Adjustments.



  1. PLANS FOR TABULATION, STATISTICAL ANALYSIS AND PUBLICATION


The intent of this collection is to collect data in areas of income, gains, losses, deductions, credits, and to figure the income tax liability of a business taxpayer.


  1. REASONS WHY DISPLAYING THE OMB EXPIRATION DATE IS INAPPROPRIATE


The IRS believes that displaying the OMB expiration date is inappropriate because it could cause confusion by leading taxpayers to believe that the forms and regulations expire as of the expiration date. Taxpayers are not likely to be aware that the IRS intends to request renewal of the OMB approval and obtain a new expiration date before the old one expires.


  1. EXCEPTIONS TO THE CERTIFICATION STATEMENT


There are no exceptions to the certification statement.

Appendix A: Forms


Product

Title

Form 1062

Deferral of Tax on Gain From the Sale or Exchange of Qualified Farmland Property to Qualified Farmers

Form 1062 (Sch A)

Section 1062 Gain From the Sale or Exchange of Qualified Farmland Property to a Qualified Farmer

Form 1065

U.S. Return of Partnership Income

Form 1065 (SCH B-1)

Information for Partners Owning 50% or More of the Partnership

Form 1065 (SCH B-2)

Election Out of the Centralized Partnership Audit Regime

Form 1065 (SCH C)

Additional Information for Schedule M-3 Filers

Form 1065 (SCH D)

Capital Gains and Losses

Form 1065 (SCH K-1)

Partner’s Share of Income, Deductions, Credits, etc.

Form 1065 (SCH K-2)

Partner’s Distributive Share Items-International

Form 1065 (SCH K-3)

Partner’s Share of Income, Deductions, Credits, etc.- International

Form 1065 (SCH M-3)

Net Income (Loss) Reconciliation for Certain Partnerships

Form 1065X

Amended Return or Administrative Adjustment Request (AAR)

Form 1066

U.S. Real Estate Mortgage Investment Conduit (REMIC) Income Tax Return

Form 1066 (SCH Q)

Quarterly Notice to Residual Interest Holder of REMIC Taxable Income or Net Loss Allocation

Form 1118

Foreign Tax Credit-Corporations

Form 1118 (SCH I)

Reduction of Foreign Oil and Gas Taxes

Form 1118 (SCH J)

Adjustments to Separate Limitation Income (Loss) Categories for Determining Numerators of Limitation Fractions, Year-End Recharacterization Balances, and Overall Foreign and Domestic Loss Account Balances

Form 1118 (SCH K)

Foreign Tax Carryover Reconciliation Schedule

Form 1118 (SCH L)

Foreign Tax Redeterminations

Form 1120

U.S. Corporation Income Tax Return

Form 1120 (SCH B)

Additional Information for Schedule M-3 Filers

Form 1120 (SCH D)

Capital Gains and Losses

Form 1120 (SCH G)

Information on Certain Persons Owning the Corporation’s Voting Stock

Form 1120 (SCH H)

Section 280H Limitations for a Personal Service Corporation (PSC)

Form 1120 (SCH M-3)

Net Income (Loss) Reconciliation for Corporations With Total Assets of $10 Million of More

Form 1120 (SCH N)

Foreign Operations of U.S. Corporations

Form 1120 (SCH O)

Consent Plan and Apportionment Schedule for a Controlled Group

Form 1120 (SCH PH)

U.S. Personal Holding Company (PHC) Tax

Form 1120 (SCH UTP)

Uncertain Tax Position Statement

Form 1120-C

U.S. Income Tax Return for Cooperative Associations

Form 1120-F

U.S. Income Tax Return of a Foreign Corporation

Form 1120-F (SCH H)

Deductions Allocated to Effectively Connected Income Under Regulations Section 1.861-8

Form 1120-F (SCH I)

Interest Expense Allocation Under Regulations Section 1.882-5

Form 1120-F (SCH M1 & M2)

Reconciliation of Income (Loss) and Analysis of Unappropriated Retained Earnings per Books

Form 1120-F (SCH M-3)

Net Income (Loss) Reconciliation for Foreign Corporations With Reportable Assets of $10 Million or More

Form 1120-F (SCH P)

List of Foreign Partner Interests in Partnerships

Form 1120-F (SCH Q)

Tax Liability of Qualified Derivatives Dealer (QDD)

Form 1120-F (SCH S)

Exclusion of Income From the International Operation of Ships or Aircraft Under Section 883

Form 1120-F (SCH V)

List of Vessels or Aircraft, Operators, and Owners

Form 1120-FSC

U.S. Income Tax Return of a Foreign Sales Corporation

Form 1120-FSC (SCH P)

Transfer Price or Commission

Form 1120-H

U.S. Income Tax Return for Homeowners Associations

Form 1120-IC-DISC

Interest Charge Domestic International Sales Corporation Return

Form 1120-IC-DISC (SCH K)

Shareholder’s Statement of IC-DISC Distributions

Form 1120-IC-DISC (SCH P)

Intercompany Transfer Price or Commission

Form 1120-IC-DISC (SCH Q)

Borrower’s Certificate of Compliance With the Rules for Producer’s Loans

Form 1120-L

U.S. Life Insurance Company Income Tax Return

Form 1120-L (SCH M-3)

Net Income (Loss) Reconciliation for U.S. Life Insurance Companies With Total Assets of $10 Million or More

Form 1120-ND

Return for Nuclear Decommissioning Funds and Certain Related Persons

Form 1120-PC

U.S. Property and Casualty Insurance Company Income Tax Return

Form 1120-PC (SCH M-3)

Net Income (Loss) Reconciliation for U.S. Property and Casualty Insurance Companies With Total Assets of $10 Million or More

Form 1120-POL

U.S. Income Tax Return for Certain Political Organizations

Form 1120-REIT

U.S. Income Tax Return for Real Estate Investment Trusts

Form 1120-RIC

U.S. Income Tax Return for Regulated Investment Companies

Form 1120-S

U.S. Income Tax Return for an S Corporation

Form 1120-S (SCH B-1)

Information on Certain Shareholders of an S Corporation

Form 1120-S (SCH D)

Capital Gains and Losses and Built-In Gains

Form 1120-S (SCH K-1)

Shareholder’s Share of Income, Deductions, Credits, etc.

Form 1120-S (SCH K-2)

Shareholder’s Pro Rata Share Items-International

Form 1120-S (SCH K-3)

Shareholder’s Share of Income, deductions, Credits, etc. – International

Form 1120-S (SCH M-3)

Net Income (Loss) Reconciliation for S Corporations With Total Assets of $10 Million or More

Form 1120-SF

U.S. Income Tax Return for Settlement Funds (Under Section 468B)

Form 1120-X

Amended U.S. Corporation Income Tax Return

Form 1122

Authorization and Consent of Subsidiary Corporation to be Included in a Consolidated Income Tax Return

Form 1125-A

Cost of Goods Sold

Form 1125-E

Compensation of Officers

Form 1127

Application for Extension of Time for Payment of Tax Due to Undue Hardship

Form 1128

Application to Adopt, Change, or Retain a Tax Year

Form 1138

Extension of Time For Payment of Taxes By a Corporation Expecting a Net Operating Loss Carryback

Form 1139

Corporation Application for Tentative Refund

Form 2220

Underpayment of Estimated Tax By Corporations

Form 2438

Undistributed Capital Gains Tax Return

Form 2439

Notice to Shareholder of Undistributed Long-Term Capital Gains

Form 2553

Election by a Small Business Corporation

Form 2848

Power of Attorney and Declaration of Representative

Form 3115

Application for Change in Accounting Method

Form 3468

Investment Credit

Form 3520

Annual Return To Report Transactions With Foreign Trusts and Receipt of Certain Foreign Gifts

Form 3520-A

Annual Return of Foreign Trust With a U.S. Owner

Form 3800

General Business Credit

Form 3800 Sch A

Transfer Election Statement

Form 4136

Credit for Federal Tax Paid on Fuels

Form 4136 Sch A

Business Activity Report for Credit for Federal Tax Paid on Fuels

Form 4255

Recapture of Investment Credit

Form 4466

Corporation Application for Quick Refund of Overpayment of Estimated Tax

Form 4562

Depreciation and Amortization (Including Information on Listed Property)

Form 461

Limitation on Business Losses

Form 4626


Alternative Minimum Tax—Corporations

Form 4684

Casualties and Thefts

Form 4797

Sales of Business Property

Form 4810

Request for Prompt Assessment Under Internal Revenue Code Section 6501(d)

Form 4876-A

Election to Be Treated as an Interest Charge DISC

Form 5452

Corporate Report of Nondividend Distributions

Form 5471

Information Return of U.S. Persons With Respect To Certain Foreign Corporations

Form 5471 (SCH E)

Income, War Profits, and Excess Profits Taxes Paid or Accrued

Form 5471 (SCH G-1)

Cost Sharing Arrangement

Form 5471 (SCH H)

Current Earnings and Profits

Form 5471 (SCH I-1)

Information for Global Intangible Low-Taxed Income

Form 5471 (SCH J)

Accumulated Earnings and Profits (E&P) of Controlled Foreign Corporation

Form 5471 (SCH M)

Transactions Between Controlled Foreign Corporation and Shareholders or Other Related Persons

Form 5471 (SCH O)

Organization or Reorganization of Foreign Corporation, and Acquisitions and Dispositions of its Stock

Form 5471 (SCH P)

Previously Taxed Earnings and Profits of U.S. Shareholder of Certain Foreign Corporations

Form 5471 (SCH Q)

CFC Income by CFC Income Groups

Form 5471 (SCH R)

Distributions From a Foreign Corporation

Form 5472

Information Return of a 25% Foreign-Owned U.S. Corporation or a Foreign Corporation Engaged in a U.S. Trade or Business

Form 56

Notice Concerning Fiduciary Relationship

Form 56-F

Notice Concerning Fiduciary Relationship of Financial Institution

Form 5713

International Boycott Report

Form 5713 (SCH A)

International Boycott Factor (Section 999(c)(1))

Form 5713 (SCH B)

Specifically, Attributable Taxes and Income (Section 999(c)(2))

Form 5713 (SCH C)

Tax Effect of the International Boycott Provisions

Form 5735

American Samoa Economic Development Credit

Form 5735 Schedule P

Allocation of Income and Expenses Under Section 936(h)(5)

Form 5884

Work Opportunity Credit

Form 5884-A

Credits for Affected Midwestern Disaster Area Employers (for Employers Affected by Hurricane Harvey, Irma, or Maria or Certain California Wildfires)

Form 6198

At-Risk Limitations

Form 6478

Biofuel Producer Credit

Form 6627

Environmental Taxes

Form 6765

Credit for Increasing Research Activities

Form 6781

Gains and Losses From Section 1256 Contracts and Straddles

Form 7004

Application for Automatic Extension of Time To File Certain Business Income Tax, Information, and Other Returns

Form 7205

Energy Efficient Commercial Buildings Deduction

Form 7207

Advanced Manufacturing Production Credit

Form 7210

Clean Hydrogen Production Credit

Form 7211

Clean Electricity Production Credit

Form 7213

Nuclear Power Production Credit

Form 7218

Clean Fuel Production Credit

Form 7220

Prevailing Wage and Apprenticeship (PWA) Verification and Corrections

Form 8023

Elections Under Section 338 for Corporations Making Qualified Stock Purchases

Form 8082

Notice of Inconsistent Treatment or Administrative Adjustment Request (AAR)

Form 8275

Disclosure Statement

Form 8275-R

Regulation Disclosure Statement

Form 8283

Noncash Charitable Contribution

Form 8302*

Electronic Deposit of Tax Refund of $1 Million or More

Form 8308

Report of a Sale or Exchange of Certain Partnership Interests

Form 8453-CORP

E-file Declaration for Corporations

Form 8453-PE

U.S. Partnership Declaration for an IRS e-file Return

Form 8453-TR

E-file Declaration or Authorization for Form 1045/1139

Form 851

Affiliations Schedule

Form 8586

Low-Income Housing Credit

Form 8594

Asset Acquisition Statement Under Section 1060

Form 8609

Low-Income Housing Credit Allocation and Certification

Form 8609-A

Annual Statement for Low-Income Housing Credit

Form 8611

Recapture of Low-Income Housing Credit

Form 8621

Information Return By Shareholder of a Passive Foreign Investment Company or Qualified Electing Fund

Form 8621-A

Return by a Shareholder Making Certain Late Elections to End Treatment as a Passive Foreign Investment Company

Form 8655

Reporting Agent Authorization

Form 8697

Interest Computation Under the Look-Back Method for Completed Long-Term Contracts

Form 8703

Annual Certification of a Residential Rental Project

Form 8716

Election To Have a Tax Year Other Than a Required Tax Year

Form 8752

Required Payment or Refund Under Section 7519

Form 8804

Annual Return for Partnership Withholding Tax (Section 1446)

Form 8804 (SCH A)

Penalty for Underpayment of Estimated Section 1446 Tax for Partnerships

Form 8804-C

Certificate of Partner-Level Items to Reduce Section 1446 Withholding

Form 8804-W

Installment Payments of Section 1446 Tax for Partnerships

Form 8805

Foreign Partner’s Information Statement of Section 1446 Withholding tax

Form 8806

Information Return for Acquisition of Control or Substantial Change in Capital Structure

Form 8810

Corporate Passive Activity Loss and Credit Limitations

Form 8813

Partnership Withholding Tax Payment Voucher (Section 1446)

Form 8819

Dollar Election Under Section 985

Form 8820

Orphan Drug Credit

Form 8824

Like-Kind Exchanges

Form 8825

Rental Real Estate Income and Expenses of a Partnership or an S Corporation

Form 8825 (Sch A)

Rental Real Estate Other Deductions

Form 8826

Disabled Access Credit

Form 8827

Credit for Prior Year Minimum Tax-Corporations

Form 8830

Enhanced Oil Recovery Credit

Form 8832

Entity Classification Election

Form 8833

Treaty-Based Return Position Disclosure Under Section 6114 or 7701(b)

Form 8834

Qualified Electric Vehicle Credit

Form 8835

Renewable Electricity, Refined Coal, and Indian Coal Production Credit

Form 8838

Consent to Extend the Time To Assess Tax Under Section 367-Gain Recognition Agreement

Form 8838-P

Consent To Extend the Time To Assess Tax Pursuant to the Gain Deferral Method (Section 721 (c ) )

Form 8842

Election to Use Different Annualization Periods for Corporate Estimated Tax

Form 8844

Empowerment Zone Employment Credit

Form 8845

Indian Employment Credit

Form 8846

Credit for Employer Social Security and Medicare Taxes Paid on Certain Employee Tips

Form 8848

Consent to Extend the Time to Assess the Branch Profits Tax Under Regulations Sections 1.884-2(a) and (c)

Form 8858

Information Return of U.S. Persons With Respect to Foreign Disregarded Entities (FDEs) and Foreign Branches (FBs)

Form 8858 (SCH M)

Transactions Between Foreign Disregarded Entity (FDE) or Foreign Branch (FB) and the Filer or Other Related Entities

Form 8864

Biodiesel and Renewable Diesel Fuels Credit

Form 8865

Return of U.S. Persons With Respect to Certain Foreign Partnerships

Form 8865 (SCH G)

Statement of Application for the Gain Deferral Method Under Section 721€

Form 8865 (SCH H)

Acceleration Events and Exceptions Reporting Relating to Gain Deferral Method Under Section 721 €

Form 8865 (SCH K-1)

Partner’s Share of Income, Deductions, Credits, etc.

Form 8865 (SCH K-2)

Partner’s Distributive Share Items-International

Form 8865 (SCH K-3)

Partner’s Share of Income, Deductions, Credits, etc.- International

Form 8865 (SCH O)

Transfer of Property to a Foreign Partnership

Form 8865 (SCH P)

Acquisitions, Dispositions, and Changes of Interests in a Foreign Partnership

Form 8866

Interest Computation Under the Look-Back Method for Property Depreciated Under the Income Forecast Method

Form 8869

Qualified Subchapter S Subsidiary Election

Form 8873

Extraterritorial Income Exclusion

Form 8874

New Markets Credit

Form 8875

Taxable REIT Subsidiary Election

Form 8878-A

IRS e-file Electronic Funds Withdrawal Authorization for Form 7004

Form 8979

Partnership Representative Designation or Resignation

Form 8879-CORP

E-file Authorization for Corporations

Form 8879-PE

IRS e-file Signature Authorization for Form 1065

Form 8881

Credit for Small Employer Pension Plan Startup Costs

Form 8882

Credit for Employer-Provided Childcare Facilities and Services

Form 8883

Asset Allocation Statement Under Section 338

Form 8886

Reportable Transaction Disclosure Statement

Form 8896

Low Sulfur Diesel Fuel Production Credit

Form 8900

Qualified Railroad Track Maintenance Credit

Form 8902

Alternative Tax on Qualified Shipping Activities

Form 8903

Domestic Production Activities Deduction

Form 8906

Distilled Spirits Credit

Form 8908

Energy Efficient Home Credit

Form 8910

Alternative Motor Vehicle Credit

Form 8911

Alternative Fuel Vehicle Refueling Property Credit

Form 8911 Schedule A

Alternative Fuel Vehicle Refueling Property

Form 8912

Credit to Holders of Tax Credit Bonds

Form 8916

Reconciliation of Schedule M-3 Taxable Income with Tax Return Taxable Income for Mixed Groups

Form 8916-A

Supplemental Attachment to Schedule M-3

Form 8923

Mining Rescue Team Training Credit

Form 8925

Report of Employer-Owned Life Insurance Contracts

Form 8927

Determination Under Section 860(e)(4) by a Qualified Investment Entity

Form 8932

Credit for Employer Differential Wage Payments

Form 8933

Carbon Oxide Sequestration Credit

Form 8933 Schedule A

Disposal or Enhanced Oil Recovery Owner Certification

Form 8933 Schedule B

Disposal Operator Certification

Form 8933 Schedule C

Enhanced Oil Recovery Operator Certification

Form 8933 Schedule D

Recapture Certification

Form 8933 Schedule E

Election Certification

Form 8933 Schedule F

Utilization Certification

Form 8936

Clean Vehicle Credits

Form 8936 Sch A

Clean Vehicle Credit Amount

Form 8937

Report of Organizational Actions Affecting Basis of Securities

Form 8938

Statement of Foreign Financial Assets

Form 8941

Credit for Small Employer Health Insurance Premiums

Form 8947

Report of Branded Prescription Drug Information

Form 8949

Sales and Other Dispositions of Capital Assets

Form 8964-ELE

Section 987 Elections

Form 8964-TRA

Section 987 Transition Information

Form 8978

Partner’s Additional Reporting Year Tax

Form 8978- Sch-A

Partner’s Additional Reporting Year Tax (Schedule of Adjustments)

Form 8979

Partnership Representative Revocation/Resignation and Designation

Form 8990

Limitation on Business Interest Expense IRC 163(j)

Form 8991

Tax on Base Erosion Payments of Taxpayers with Substantial Gross Receipts

Form 8992

U.S Shareholder Calculation of Global Intangible Low-Taxed Income (GILTI).

Form 8992 Sch-A

Schedule A, Global Intangible Low-taxed Income (GILTI)

Form 8992-Sch-B

Calculation of Global Intangible Low-Taxed Income (GILTI) for Members of a U. S. Consolidated Group Who Are U. S. Shareholders of a CFC

Form 8993

Section 250 Deduction for Foreign-Derived Intangible Income (FDII)and Global Intangible Low-Taxed Income (GILTI).

Form 8994

Employer Credit for Paid Family and Medical Leave

Form 8995

Qualified Business Income Deduction Simplified Computation

Form 8995-A

Qualified Business Income Deduction

Form 8995-A (SCH A)

Specified Service Trades or Businesses

Form 8995-A (SCH B)

Aggregation of Business Operations

Form 8995-A (SCH C)

Loss Netting And Carryforward

Form 8995-A (SCH D)

Special Rules for Patrons Of Agricultural Or Horticultural Cooperatives

Form 8996

Qualified Opportunity Fund

Form 8997

Initial and Annual Statement of Qualified Opportunity Fund (QOF) Investments

Form 926

Return by a U.S. Transferor of Property to a Foreign Corporation

Form 965-B

Corporate and Real Estate Investment Trust (REIT) Report of Net 965 Tax Liability and Electing REIT Report of 965 Amounts

Form 965-C

Transfer Agreement Under Section 965(h)(3)

Form 965-D

Transfer Agreement Under 965(i)(2)

Form 965-E

Consent Agreement Under 965(i)(4)(D)

Form 966

Corporate Dissolution or Liquidation

Form 970

Application to Use LIFO Inventory Method

Form 972

Consent of Shareholder to Include Specific Amount in Gross Income

Form 973

Corporation Claim for Deduction for Consent Dividends

Form 976

Claim for Deficiency Dividends Deductions by a Personal Holding Company, Regulated Investment Company, or Real Estate Investment Trust

Form 982

Reduction of Tax Attributes Due to Discharge of Indebtedness (and Section 1082 Basis Adjustment)

Form SS-4

Application for Employer Identification Number

Form T (TIMBER)

Forest Activities Schedule

Form W-8BEN

Certificate of Foreign Status of Beneficial Owner for United States Tax Withholding (Individuals)

Form W-8BEN(E)

Certificate of Entities Status of Beneficial Owner for United States Tax Withholding (Entities)

Form W-8ECI

Certificate of Foreign Person's Claim That Income is Effectively Connected With the Conduct of a Trade or Business in the United States

Form W-8IMY

Certificate of Foreign Intermediary, Foreign Flow-Through Entity, or Certain U.S. Branches for United States Tax Withholding and Reporting



Appendix B: Regulatory Guidance


Treasury Regulations


1.45-12

1.45V-2

1.45V-4

1.45V-5

1.45Y-5

1.48-14 and 15

1.48E-5

1.382-4, 9 and 11

1.446-4

1.468A-3, 4, 7 and 8

1.475(a)-1

1.475(b)-2

1.475(c)-1

1.528-8

1.585-8

1.752-7

1.851-2

1.856-2

1.1221-2

1.1503(d)-1

1.1662-6

1.6001-1

1.6011-1

1.6012-2

1.6012-6

1.6031-1

1.6031(a)-1

1.6033-1

1.6081-1, 2, 3, 4, 6 and 7

1.6107-1

1.6418-5

20.6018-4

26.2662-1

48.4061(a)-1

48.4121-1

48.6416(a)-3

51.6302-1

54.9812-1

301.6011-3 and 5

301.7701-2 and 3

301.9001-2 and 3



Treasury Decisions (TD), Revenue Procedures (Rev Proc), IRS Notices, and IRS Announcements


Product

Title

TD 7912

Consolidated returns by life-nonlife groups

TD 8022

Method of accounting for the redemption cost of qualified discount coupons

TD 8071

Bad Debts

TD 8138

Adjustment for the book income for corporations

TD 8149

Limitation on Net Operating Loss Carryforwards and Certain Built-In Losses Following Ownership Change

TD 8307

Corporate AMT Book Income Adjustments and Corporate Estimated Tax Payments

TD 8513

Bad Debt Reserves of Banks (1.585-8)

TD 8352

Regulations on Use of Prechange Corporate Attributes

TD 8531

Limitations on Corporate Net Operating Loss Carryforwards (1.382-4, 1.382-9, 1.382-11)

TD 8554

Accounting for business hedging transactions

TD 8700

Mark to Market for Dealers in Securities

TD 8742

Requirements Respecting the Adoption or Change of Accounting

Method; Extensions of Time to Make Elections

TD 8865

Amortization of Intangible Property (1.197-2(h))

TD 8940

Purchase Price Allocations in Deemed Actual Asset Acquisitions

TD 9207

Assumption of Partner Liabilities (1.752-7)

TD 9328

Safe Harbor for Valuation Under Section 475

TD 9329

Guidance Necessary To Facilitate Business Electronic Filing and Burden Reduction (1.302-2, 1.302-4, 1.331-1, 1.332-6, 1.338-10, 1.351-3, 1.355-5, 1.368-3, 1.381(b)-1, 1.382-8, 1.382-11, 1.1081-11, 1.1221-2, 1.1502-13, 1.1502-31, 1.1502-32, 1.1502-33, 1.1502-95, 1.1563-3 and 1.6012-2).

TD 9728

Determination of Distributive Share When Partner’s Interest Changes

TD 9796

Treatment of Certain Domestic Entities Disregarded as Separate From Their Owners as Corporations for Purposes of Section 6038A

TD 9843

Allocation of Costs Under the Simplified Methods

TD 9846

Regulations Regarding the Transition Tax Under Section 965 and Related Provisions

TD 9847

Qualified Business Income Deduction

TD 9865

Limitation on Deduction for Dividends Received From Certain Foreign Corporations and Amounts Eligible for Section 954 Look-Through Exception

TD 9866

Guidance Related to Section 951A (Global Intangible Low-Taxed Income) and Certain Guidance Related to Foreign Tax Credits

TD 9867

 Health Reimbursement Arrangements and Other Account-Based Group Health Plans

TD 9874

Additional First Year Depreciation under Section 168k

TD 9882

Foreign Tax Credit

TD 9885

Final Regulations on Base Erosion and Anti-Abuse Tax

TD 8985

Hedging Transactions

TD 9889

Investing in Qualified Opportunity Funds

TD 9891

Transfers of Certain Property by U.S. Persons to Partnerships With Related Foreign Partners

TD 9896

Qualified Business Income Deduction

TD 9900

Carryback of Consolidated Net Operating Losses

TD 9901

Deduction for Foreign-Derived Intangible Income and Global Intangible Low-Taxed Income

TD 9902

Guidance Under Sections 951A and 954 Regarding Income Subject to a High Rate of Foreign Tax

TD 9905

Limitation on Deduction for Business Interest Expense

TD 9909

Limitation on Deduction for Dividends Received From Certain Foreign Corporations and Amounts Eligible for Section 954 Look-Through Exception

TD 9910

Base Erosion and Anti-Abuse Tax

TD 9911

Computation and Reporting of Reserves for Life Insurance Companies

TD 9916

Additional First Year Depreciation Deduction

TD 9921

Source of Income From Certain Sales of Personal Property

TD 9922

Guidance Related to the Allocation and Apportionment of Deductions and Foreign Taxes, Foreign Tax Redeterminations, Foreign Tax Credit Disallowance Under Section 965(g), Consolidated Groups, Hybrid Arrangements and Certain Payments Under Section 951A

TD 9926

Withholding of Tax and Information Reporting With Respect to Interests in Partnerships Engaged in a U.S. Trade or Business

TD 9934

Coordination of Extraordinary Disposition and Disqualified Basis Rules

TD 9936

Guidance on Passive Foreign Investment Companies

TD 9941

Taxable Year of Income Inclusion Under an Accrual Method of Accounting and Advance Payments for Goods, Services, and Other Items

TD 9942

Small Business Taxpayer Exceptions Under Sections 263A, 448, 460 and 471

TD 9943

Additional Guidance Regarding Limitation on Deduction for Business Interest Expense

TD 9944

Credit for Carbon Oxide Sequestration

TD 9945

Guidance under Section 1061

TD 9947

Section 199A Rules for Cooperatives and Their Patrons

TD 9959

Guidance Related to the Foreign Tax Credit

TD 9963

Guidance Related to the Foreign Tax Credit; Clarification of Foreign-Derived Intangible Income

TD 9971

Exception for Interests Held by Foreign Pension Funds

TD 9975

Pre-Filing Registration Requirements for Certain Tax Credit Elections

TD 9977

Carryback of Consolidated Net Operating Losses

TD 9979

Additional Guidance on Low-Income Communities Bonus Credit Program

TD 9988

Elective Payment of Applicable Credits

TD 9989

Elective Payment of Advanced Manufacturing Investment Credit

TD 9993

Transfer of Certain Credits

TD 9995

Clean Vehicle Credits Under Sections 25E and 30D; Transfer of Credits; Critical Minerals and Battery Components; Foreign Entities of Concern

TD 9998

Increased Amounts of Credit or Deduction for Satisfying Certain Prevailing Wage and Registered Apprenticeship Requirements

TD 9999

Statutory Disallowance of Deductions for Certain Qualified Conservation Contributions Made by Partnerships and S Corporations

TD 10004

Guidance Under Section 367(b) Related to Certain Triangular Reorganizations and Inbound Nonrecognition Transactions 

TD 10009

Advanced Manufacturing Investment Credit Rules Under Sections 48D and 50

TD 10010

Advanced Manufacturing Production Credit

TD 10012

Election To Exclude Certain Unincorporated Organizations Owned by Applicable Entities From Application of the Rules on Partners and Partnerships

TD 10015

Definition of Energy Property and Rules Applicable to the Energy Credit

TD 10016

Taxable Income or Loss and Currency Gain or Loss with Respect to a Qualified Business Unit

TD 10022

Classification of Digital Content Transactions and Cloud Transactions

TD 10023

Credit for Production of Clean Hydrogen and Energy Credit

TD 10024

Section 45Y Clean Electricity Production Credit and Section 48E Clean Electricity Investment Credit

TD 10025

Guidance on Clean Electricity Low-Income Communities Bonus Credit Amount Program

TD 10026

Rules Regarding Certain Disregarded Payments and Dual Consolidated Losses

Rev Proc 2009-19

26 CFR 601.105: Examination of returns and claims for refund, credit or abatement; determination of correct tax liability

Rev Proc 2009-20

26 CFR 601.105 Examination of returns and claims for refund, credit or abatement; determination of correct tax liability

Rev Proc 2009-26

26 CFR 601.105: Examination of returns and claims for refund, credit or abatement; determination of correct tax liability.

Rev Proc 2009-52

26 CFR 601.105: Examination of returns and claims for refund, credit or abatement; determination of correct tax liability.

Rev Proc 2011-42

26 CFR 601.105: Examination of returns and claims for refund, credit or abatement; determination of correct tax liability.

Rev Proc 2019-38

Safe harbor under which a rental real estate enterprise will be treated as a trade or business for purposes of section 199A of the Internal Revenue Code (Code) and §§ 1.199A-1 through 1.199A-6 of the Income Tax Regulations (26 CFR Part I).

Rev Proc 2020-13

26 CFR 601.601: Rules and regulations. (Also Part 1, §§ 168, 263A, 446, 448; 1.168(i)-4, 1.168(k)-1, 1.168(k)-2, 1.263A-1, 1.263A-4, 1.446-1, 1.448-1T.)

Rev Proc 2020-51

Safe harbor allowing a taxpayer to claim a deduction in the taxpayer’s taxable year beginning or ending in 2020 (2020 taxable year) for certain otherwise deductible eligible expenses

Rev Proc 2021-34

26 CFR 601.204: Changes in accounting periods and in methods of accounting. (Also: Part I, Sections 446, 451, 1275; 1.451-1, 1.451-3, 1.451-8, 1.1275-2.)

Rev Proc 2021-48

26 CFR 601.105: Examination of returns and claims for refund, credit or abatement; determination of correct tax liability. (Also Part I, § 61.)

Rev Proc 2021-9

26 CFR 601.601. Rules and regulations. (Also Part I, §163(j).)

Rev Proc 2022-14

26 CFR 601.204: Changes in accounting periods and in methods of accounting. (Also Part I, §§ 56, 61, 77, 118, 162, 163, 166, 167, 168, 171, 174, 179D, 194, 195, 197, 248, 263, 263A, 267, 280F, 404, 446, 447, 448, 451, 454, 455, 460, 461, 467, 471, 472, 475, 481, 585, 709, 807, 816, 832, 833, 846, 860A-860G, 861, 904, 953, 985, 1272, 1273, 1278, 1281, 1363, 1400I, 1400L, 1400N; 1.61-1, 1.61-4, 1.61-8, 1.77-1, 1.77-2, 1.118-2, 1.162-1, 1.162-3, 1.162-4, 1.162-11, 1.162-12, 1.166-1, 1.166-2, 1.166-4, 1.167(a)-2, 1.167(a)-3(b), 1.167(a)-4, 1.167(a)-7, 1.167(a)-8, 1.167(a)-11, 1.167(a)-14, 1.167(e)-1, 1.168(d)-1, 1.168(i)-1, 1.168(i)-4, 1.168(i)-6, 1.168(i)-7, 1.168(i)-8, 1.168(k)-1, 1.168(k)-2, 1.171-4, 1.174-1, 1.174-3, 1.174-4, 1.179-5, 1.194-1, 1.195-1, 1.197-2, 1.248-1, 1.263(a)-1, 1.263(a)-2, 1.263(a)-3, 1.263(a)-4, 1.263(a)-5, 1.263A-1, 1.263A-2, 1.263A-3, 1.263A-4, 1.263A-7, 1.267(a)-1, 1.280F-6, 1.404(b)-1T, 1.446-1, 1.446-1T, 1.446-2, 1.446-5, 1.446-6, 1.446-7, 1.448-1, 1.448-2, 1.451-1, 1.451-3, 1.451-8, 1.454-1, 1.455-6, 1.460-3, 1.460-4, 1.461-1, 1.461-4, 1.461-5, 1.467-1, 1.471-1, 1.471-2, 1.471-3, 1.471-4, 1.471-5, 1.471-8, 1.472-1, 1.472-2, 1.472-6, 1.472-8, 1.481-1, 1.481-4, 1.709-1, 1.709-2, 1.832-4, 1.832-5, 1.860A-6, 1.861-18, 1.985-5, 1.985-8, 1.1016-3, 1.1245-3, 1.1272-1, 1.1273-1, 1.1273-2, 1.1275-2, 1.1363-2, 1.1374-4, 1.1400L(b)-1, 1.1502-68.)

Rev Proc 2022-9

26 CFR 601.204: Changes in accounting periods and methods of accounting. (Also Part 1, §§ 263A, 446, 447, 448, 460, 471, 1.263A-1, 1.446-1, 1.448-1T, 1.460-1, 1.471-1, 1.481-1.)

Rev Proc 2023-11

26 CFR 601.204: Changes in accounting periods and in methods of accounting. (Also, Part 1, §§ 174, 446, 1.446-1.)

Rev Proc 2023-15

26 CFR 1.263(a)-3: Amounts paid to improve tangible property. (Also Part I, §§ 162, 165, 167, 168, 263(a), 263A, and 446; 1.165-7(a)(2), 1.167(a)-11, 1.168(i)-1, 1.446-1.)

Rev Proc 2023-24

26 CFR 601.204: Changes in accounting periods and in methods of accounting. (Also Part I, §§ 56, 61, 77, 118, 162, 163, 166, 167, 168, 171, 174, 179D, 181, 194, 195, 197, 248, 263, 263A, 267, 280F, 404, 446, 447, 448, 451, 454, 455, 460, 461, 467, 471, 472, 475, 481, 585, 709, 807, 816, 832, 833, 846, 860A-860G, 861, 904, 953, 985, 1272, 1273, 1278, 1281, 1363, 1400I, 1400L, 1400N; 1.61-1, 1.61-4, 1.61-8, 1.77-1, 1.77-2, 1.118-2, 1.162-1, 1.162-3, 1.162-4, 1.162-11, 1.162-12, 1.166-1, 1.166-2, 1.166-4, 1.167(a)-2, 1.167(a)-3(b), 1.167(a)-4, 1.167(a)-7, 1.167(a)-8, 1.167(a)-11, 1.167(a)-14, 1.167(e)-1, 1.168(d)-1, 1.168(i)-1, 1.168(i)-4, 1.168(i)-6, 1.168(i)-7, 1.168(i)-8, 1.168(k)-1, 1.168(k)-2, 1.171-4, 1.174-1, 1.174-3, 1.174-4, 1.179-5, 1.181-2, 1.194-1, 1.195-1, 1.197-2, 1.248-1, 1.263(a)-1, 1.263(a)-2, 1.263(a)-3, 1.263(a)-4, 1.263(a)-5, 1.263A-1, 1.263A-2, 1.263A-3, 1.263A-4, 1.263A-7, 1.267(a)-1, 1.280F-6, 1.404(b)-1T, 1.446-1, 1.446-1T, 1.446-2, 1.446-5, 1.446-6, 1.446-7, 1.448-1, 1.448-2, 1.451-1, 1.451-3, 1.451-8, 1.454-1, 1.455-6, 1.460-1, 1.460-3, 1.460-4, 1.461-1, 1.461-4, 1.461-5, 1.467-1, 1.471-1, 1.471-2, 1.471-3, 1.471-4, 1.471-5, 1.471-8, 1.472-1, 1.472-2, 1.472-6, 1.472-8, 1.481-1, 1.481-4, 1.709-1, 1.709-2, 1.832-4, 1.832-5, 1.860A-6, 1.861-18, 1.985-5, 1.985-8, 1.1016-3, 1.1245-3, 1.1272-1, 1.1273-1, 1.1273-2, 1.1275-2, 1.1363-2, 1.1374-4, 1.1400L(b)-1, 1.1502-68.)

Rev Proc 2023-8

26 CFR 601.204: Changes in accounting periods and in methods of accounting. (Also, Part 1, §§ 174, 446, 1.446-1.)

Rev Proc 2023-9

26 CFR 601.204: Changes in accounting periods and in methods of accounting. (Also: Part I, Sections 446, 460, 461, 481, 1011, 1012, 1016; 1.446-1, 1.460-1, 1.460-3, 1.460-4, 1.460-5, 1.461-1, and 1.461-4.)

Rev Proc 2024-23

26 CFR 601.204: Changes in accounting periods and in methods of accounting. (Also Part I, §§ 56, 61, 77, 118, 162, 163, 166, 167, 168, 171, 174, 179D, 181, 194, 195, 197, 248, 263, 263A, 267, 280F, 404, 446, 447, 448, 451, 454, 455, 460, 461, 467, 471, 472, 475, 481, 585, 709, 807, 816, 832, 833, 846, 860A-860G, 861, 904, 953, 985, 1272, 1273, 1278, 1281, 1363, 1400I, 1400L, 1400N; 1.61-1, 1.61-4, 1.61-8, 1.77-1, 1.77-2, 1.118-2, 1.162-1, 1.162-3, 1.162-4, 1.162-11, 1.162-12, 1.166-1, 1.166-2, 1.166-4, 1.167(a)-2, 1.167(a)-3(b), 1.167(a)-4, 1.167(a)-7, 1.167(a)-8, 1.167(a)-11, 1.167(a)-14, 1.167(e)-1, 1.168(d)-1, 1.168(i)-1, 1.168(i)-4, 1.168(i)-6, 1.168(i)-7, 1.168(i)-8, 1.168(k)-1, 1.168(k)-2, 1.171-4, 1.174-1, 1.174-3, 1.174-4, 1.179-5, 1.181-2, 1.194-1, 1.195-1, 1.197-2, 1.248-1, 1.263(a)-1, 1.263(a)-2, 1.263(a)-3, 1.263(a)-4, 1.263(a)-5, 1.263A-1, 1.263A-2, 1.263A-3, 1.263A-4, 1.263A-7, 1.267(a)-1, 1.280F-6, 1.404(b)-1T, 1.446-1, 1.446-1T, 1.446-2, 1.446-5, 1.446-6, 1.446-7, 1.448-1, 1.448-2, 1.451-1, 1.451-3, 1.451-8, 1.454-1, 1.455-6, 1.460-1, 1.460-3, 1.460-4, 1.461-1, 1.461-4, 1.461-5, 1.467-1, 1.471-1, 1.471-2, 1.471-3, 1.471-4, 1.471-5, 1.471-8, 1.472-1, 1.472-2, 1.472-6, 1.472-8, 1.481-1, 1.481-4, 1.709-1, 1.709-2, 1.832-4, 1.832-5, 1.860A-6, 1.861-18, 1.985-5, 1.985-8, 1.1016-3, 1.1245-3, 1.1272-1, 1.1273-1, 1.1273-2, 1.1275-2, 1.1363-2, 1.1374-4, 1.1400L(b)-1, 1.1502-68.)

Rev Proc 2024-3

26 CFR 601.201: Rulings and determination letters.

Rev Proc 2024-34

26 CFR 601.204: Changes in accounting periods and in methods of accounting. (Also, Part 1, §§ 174, 446; 1.446-1.)

Rev Proc 2024-9

26 CFR 601.204: Changes in accounting periods and in methods of accounting. (Also, Part 1, §§ 174, 446, 460, 1.446-1.)

Rev Proc 2025-23

26 CFR 601.204: Changes in accounting periods and in methods of accounting.

Rev Proc 2026-1

26 CFR § 601.201: Rulings and determination letters.

IRS Notice 88-67

Application of the Rule of Section 382(1)(3)(A)(iv) to Convertible Stock

IRS Notice 2016-10

Guidance Relating to Refunds of Foreign Tax for Which an Election Was Made Under Section 853

IRS Notice 2019-46

Domestic Partnerships and S Corporations Filing Under Proposed GILTI Regulations

IRS Notice 2020-69

S Corporation Guidance under Section 958 (Rules for Determining Stock Ownership) and Guidance Regarding the Treatment of Qualified Improvement Property under the Alternative Depreciation System for Purposes of the QBAI Rules for FDII and GILTI

IRS Notice 2020-59

Safe harbor for a trade or business that manages or operates a qualified residential living facility

IRS Notice 2021-20

Guidance on the Employee Retention Credit under Section 2301 of the Coronavirus Aid, Relief, and Economic Security Act

IRS Notice 2023-65

Section 45L New Energy Efficient Home Credit

IRS Notice 2023-38

Domestic Content Bonus Credit Guidance under Sections 45, 45Y, 48, and 48E

IRS Notice 2024-41

Domestic Content Safe Harbor Notice

IRS Notice 2024-60

Required Procedures to Claim a Section 45Q Credit for Utilization of Carbon Oxide

IRS Notice 2024-84

Extension of Transition Process for Claiming the Statutory Exceptions to the Elective Payment Phaseouts

IRS Notice 2024-9

Statutory Exceptions to Phaseout Reducing Elective Payment Amounts for Applicable Entities if Domestic Content Requirements are Not Satisfied

IRS Notice 2025-45

Application of Sections 897(d) and (e) to Certain Inbound Asset Reorganizations under Section 368(a)(1)(F); Stock Ownership Requirement under Section 368(a)(1)(F)

IRS Announcement 2003-8

Agent for Consolidated Group



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