IRS Comment Request on Country-by-Country Reporting Form 8975
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🇬🇧 English
The IRS is asking for public comments on the information it collects through Form 8975 and Schedule A, which are used for country-by-country reporting by certain multinational business groups. Companies and tax professionals that deal with these filings may want to comment on whether the form is necessary, whether the IRS burden estimates are accurate, and how the process could be clearer or less time-consuming. Comments are due by August 24, 2026.
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Key Changes
- Opens a public comment period on the IRS information collection for Form 8975 and Schedule A
- Seeks feedback on the necessity, clarity, burden, and cost of the country-by-country reporting collection
- Sets August 24, 2026 as the deadline for comments to be considered
Affected Parties
Multinational business groups subject to country-by-country reportingCorporate tax departments+1 more…
Tags
IRS,country-by-country reporting,Form 8975