The Department of the Treasury announced it will submit an information collection request to the Office of Management and Budget (OMB) for review and clearance under the Paperwork Reduction Act of 1995. The request, published as a Notice in the Federal Register on October 23, 2026, covers U.S. Information Returns and Related Forms, Schedules, Attachments, and Published Guidance. Treasury stated the submission will occur on or after the date of the notice's publication.

The notice invites the public to submit comments on the information collection request as part of the standard OMB review process required under the Paperwork Reduction Act.

While this is a routine administrative notice rather than a new rule or policy change, federal contractors and tax professionals who work with information returns should be aware that the underlying collection requirements are under active OMB review. Firms that rely on these forms, schedules, or related IRS guidance in their reporting obligations may wish to monitor the docket and consider submitting comments if the collection affects their compliance burden.

Source: Federal Register