Information Collection Notice: Application for Extension to Furnish Recipient Statements
AI-generated summary for informational purposes only. Not legal advice. See the original source for the authoritative text.
This law invites public comments on the IRS's proposed information collection method for requests to extend the time to furnish recipient statements. It impacts businesses needing additional time to provide required statements and aims to streamline the process with a structured form.
AI-generated summary. May contain errors. Refer to official sources for legal decisions.
Key Changes
- Introduces structured form for extension requests
- Simplifies IRS processing
- No change in burden but more responses expected
Obligations
What this law requires
Businesses must submit comments on the IRS's proposed information collection method for requests to extend the time to furnish recipient statements.
Businesses requesting an extension of time must now use the structured form (Form Number: 15397) to streamline their request process.
Taxpayers must include 'OMB Control No. 1545-2313' in the subject line when submitting their comments to the IRS.