WASHINGTON, Nov. 19 -- Internal Revenue Service has issued a notice called: Agency Information Collection Activities; Comment Request on Debt Instruments With Original Issue Discount (OID); Contingent Payments; Anti-Abuse Rule.
The notice was published in the Federal Register on Nov. 19 by Ronald J. Durbala, IRS Tax Analyst.
Summary: In accordance with the Paperwork Reduction Act of 1995, the IRS is inviting comments on the information collection request outlined in this notice. Currently, the IRS is soliciting comments concerning the burden of information reporting for debt instruments with original issue discount; contingent payments; anti-abuse rule.
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