IRS requests comments on penalty data collection for tax return preparers
Business and for-profit organizations and individual households must comment by Nov. 2, 2026 on the IRS's penalty information collection.
The Internal Revenue Service issued a notice of information collection under the Paperwork Reduction Act of 1995, inviting public comment on the penalty on income tax return preparers who understate a taxpayer's liability. Comments must be received on or before November 2, 2026. The collection is identified by OMB Control No. 1545-1231 and Regulation Project Number TD 9436.
The regulations set forth rules under sections 6060, 6107, and 6694 of the Internal Revenue Code. They require the record of each preparer's name, taxpayer identification number, and principal place of work, make each return or claim for refund prepared available for inspection by the Commissioner, and document that the preparer advised the taxpayer of applicable penalty standards.
The IRS estimates 127,800,734 respondents will each spend about five minutes, resulting in an estimated total annual burden of 10,224,059 hours. The notice states there are no changes to the burden and that the collection is an extension of a currently approved collection.
Written comments should be directed to Andres Garcia, IRS, Room 6526, 1111 Constitution Avenue NW, Washington, DC 20224, or emailed with "OMB Control No. 1545-1231" in the subject line. For additional information or copies of the collection, contact LaNita Van Dyke at 202-317-6009.
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