[Federal Register Volume 90, Number 126 (Thursday, July 3, 2025)]
[Notices]
[Page 29627]
From the Federal Register Online via the Government Publishing Office [www.gpo.gov]
[FR Doc No: 2025-12481]


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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.

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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 [email protected]. 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