90 FR 126 pg. 29627 - Agency Collection Activities; Requesting Comments Request for Form 8918
Type: NOTICEVolume: 90Number: 126Page: 29627
Page: 29627FR document: [FR Doc. 2025-12481 Filed 7-2-25; 8:45 am]
Agency: Treasury Department
Sub Agency: Internal Revenue Service
Official PDF Version: PDF Version
[top]
DEPARTMENT OF THE TREASURY
Internal Revenue Service
Agency Collection Activities; Requesting Comments Request for Form 8918
AGENCY:
Internal Revenue Service (IRS), Treasury.
ACTION:
Notice of information collection; request for comments.
SUMMARY:
In accordance with the Paperwork Reduction Act of 1995, the IRS is inviting comments on the information collection request outlined in this notice.
DATES:
Written comments should be received on or before September 2, 2025 to be assured of consideration.
ADDRESSES:
Direct all written comments to Andres Garcia, Internal Revenue Service, Room 6526, 1111 Constitution Avenue NW, Washington, DC 20224, or by email to pra.comments@irs.gov. Include OMB Control No. 1545-0865 in the subject line of the message.
FOR FURTHER INFORMATION CONTACT:
Requests for additional information or copies of this collection should be directed to Marcus McCrary, (470) 769-2001.
SUPPLEMENTARY INFORMATION:
The IRS, in accordance with the Paperwork Reduction Act of 1995 (PRA) (44 U.S.C. 3506(c)(2)(A)), provides the general public and Federal agencies with an opportunity to comment on proposed, revised, and continuing collections of information. This helps the IRS assess the impact and minimize the burden of its information collection requirements. Comments submitted in response to this notice will be summarized and/or included in the request for OMB approval. All comments will become a matter of public record. Comments are invited on: (a) Whether the collection of information is necessary for the proper performance of the functions of the agency, including whether the information shall have practical utility; (b) the accuracy of the agency's estimate of the burden of the collection of information; (c) ways to enhance the quality, utility, and clarity of the information to be collected; (d) ways to minimize the burden of the collection of information on respondents, including through the use of automated collection techniques or other forms of information technology; and (e) estimates of capital or start-up costs and costs of operation, maintenance, and purchase of services to provide information.
Title: Material Advisor Disclosure Statement.
OMB Control Number: 1545-0865.
Form Number: 8918.
Abstract: Internal Revenue Code (IRC) 6111 requires a sub-set of promoters called "material advisors" to disclose information about the promotion of certain types of transactions called "reportable transactions." Material advisors to any reportable transaction must disclose certain information about the reportable transaction by filing a Form 8918 with the IRS. Material advisors who file a Form 8918 will receive a reportable transaction number from the IRS. Material advisors must provide the reportable transaction number to all taxpayers and material advisors for whom the material advisor acts as a material advisor.
Current Actions: There is no change to the previously approved information collection.
Type of Review: Extension of a currently approved collection.
Affected Public: Business or other for-profit organizations, Individuals and households.
Estimated Number of Responses: 2,279.
Estimated Time Per Response: 16 hours, 30 minutes.
Estimated Total Annual Burden Hours: 37,627.
Approved: July 1, 2025.
Marcus W. McCrary,
Tax Analyst.
[FR Doc. 2025-12481 Filed 7-2-25; 8:45 am]
BILLING CODE 4830-01-P