Notice2025-22707
Agency Information Collection Activities; Submission for OMB Review; Comment Request; U.S. Business Income Tax Returns and Related Forms, Schedules, Attachments, and Published Guidance
Primary source
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Published
December 15, 2025
Issuing agencies
Treasury Department
Abstract
The Department of the Treasury will submit the following information collection requests to the Office of Management and Budget (OMB) for review and clearance in accordance with the Paperwork Reduction Act of 1995, on or after the date of publication of this notice. The public is invited to submit comments on these requests.
Full Text
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<title>Federal Register, Volume 90 Issue 238 (Monday, December 15, 2025)</title>
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[Federal Register Volume 90, Number 238 (Monday, December 15, 2025)]
[Notices]
[Pages 58091-58092]
From the Federal Register Online via the Government Publishing Office [<a href="http://www.gpo.gov">www.gpo.gov</a>]
[FR Doc No: 2025-22707]
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DEPARTMENT OF THE TREASURY
Agency Information Collection Activities; Submission for OMB
Review; Comment Request; U.S. Business Income Tax Returns and Related
Forms, Schedules, Attachments, and Published Guidance
AGENCY: Departmental Offices, U.S. Department of the Treasury.
ACTION: Notice of information collection; request for comment.
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SUMMARY: The Department of the Treasury will submit the following
information collection requests to the Office of Management and Budget
(OMB) for review and clearance in accordance with the Paperwork
Reduction Act of 1995, on or after the date of publication of this
notice. The public is invited to submit comments on these requests.
DATES: Comments should be received on or before January 14, 2026 to be
assured of consideration.
ADDRESSES: Written comments and recommendations for the proposed
information collection should be sent within 30 days of publication of
this notice to <a href="http://www.reginfo.gov/public/do/PRAMain">www.reginfo.gov/public/do/PRAMain</a>. Find this particular
information collection by selecting ``Currently under 30-day Review--
Open for Public Comments'' or by using the search function.
FOR FURTHER INFORMATION CONTACT: Copies of the submissions may be
obtained from Spencer W. Clark by emailing <a href="/cdn-cgi/l/email-protection#e8b8baa9a89c9a8d899b9d9a91c68f879e"><span class="__cf_email__" data-cfemail="88d8dac9c8fcfaede9fbfdfaf1a6efe7fe">[email protected]</span></a>, calling
(202) 927-5331, or viewing the entire information collection request at
<a href="http://www.reginfo.gov">www.reginfo.gov</a>.
SUPPLEMENTARY INFORMATION:
Internal Revenue Service (IRS)
Title: U.S. Business Income Tax Returns.
OMB Control Number: 1545-0123.
Type of Request: Revision of a currently approved collection.
Description: These forms, schedules, and attachments are used by
businesses to report their income tax liability. This information
collection request covers the burden associated with preparing and
submitting business tax returns and related forms, schedules, and
attachments, and complying with published guidance.
Current Actions: There have been changes in regulatory guidance
related to various forms approved under this approval package during
the past year. There have been additions and removals of forms included
in this approval package. This approval package is being submitted for
renewal purposes.
Form: 1065, 1120 series, and all related forms, schedules,
attachments and published guidance.
Affected Public: Business or other for-profit organizations.
Estimated Number of Respondents: 14,000,000.
Frequency of Response: Annually.
Estimated Total Number of Annual Responses: 14,000,000.
[[Page 58092]]
Estimated Time per Response: 61 hours, 13 minutes.
Estimated Total Annual Burden Hours: 857,000,000.
Estimated Monetized Time ($): 52,575,000,000.
Estimated Out-of-Pocket Costs ($): 79,219,000,000.
Estimated Total Monetized Burden ($): 131,794,000,000.
Note: Total Monetized Burden = Monetized Time + Out-of-Pocket
Costs.
Tax Compliance Burden
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.
Burden Estimates for U.S. Business Income Tax Returns and Related Forms, Schedules, Attachments and Published Guidance
[Fiscal year 2026]
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Program change Program
Program change due due to change due
Fiscal year 2025 to technical legislative to agency Fiscal year 2026
adjustment adjustment adjustment
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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
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Total Monetized Burden *............................. $127,769,000,000 $4,682,000,000 ($657,000,000) $0 $131,794,000,000
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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.
(Authority: 44 U.S.C. 3501 et seq.)
Spencer W. Clark,
Treasury PRA Clearance Officer.
[FR Doc. 2025-22707 Filed 12-12-25; 8:45 am]
BILLING CODE 4830-01-P
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