April 6, 2026
The IRS is asking for public comments on a tax rule that affects residential property managers. This is your chance to share how this process works — or doesn’t work — for your business.
What’s happening?
The IRS is reviewing its information collection process for Revenue Procedure 2011-34, which allows certain taxpayers to make a late election to treat all their rental real estate interests as a single rental activity under IRS rules. This can be a helpful tax tool for property managers who own or manage multiple rental properties.
The IRS wants to know if this process is working well. Specifically, they are asking whether the paperwork is necessary, whether their time estimates are accurate, and whether there are ways to make the process easier.
Why it matters to you:
If you’ve ever used — or tried to use — this election, your input can help shape how the IRS handles it going forward. Less paperwork burden means more time running your business.
How to comment:
Comments must be received by June 5, 2026. Send them to Andres Garcia, IRS, Room 6526, 1111 Constitution Avenue NW, Washington, DC 20224, or by email to [email protected]. Include “OMB Control No. 1545-2194” in the subject line.
You can also comment directly through the Federal Register here: 🔗 https://www.federalregister.gov/d/2026-06592
A note for members: This is a routine Paperwork Reduction Act review — not a new rule or proposed regulation. No major changes to the underlying tax election are on the table at this time. Still, public comment periods like this are a great opportunity to put the real-world experience of property managers on the record.
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