Notice2021-23136
Agency Information Collection Activities; Submission for OMB Review; Comment Request; Multiple Internal Revenue Service Information Collection Requests
Primary source
Metadata and text below are from the Federal Register, a public-domain U.S. government work. Always verify the official published version before relying on it for any legal matter.
Published
October 25, 2021
Issuing agencies
Treasury Department
Abstract
The Department of the Treasury will submit the following information collection requests to the Office of Management and Budget (OMB) for review and clearance in accordance with the Paperwork Reduction Act of 1995, on or after the date of publication of this notice. The public is invited to submit comments on these requests.
Full Text
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<title>Federal Register, Volume 86 Issue 203 (Monday, October 25, 2021)</title>
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[Federal Register Volume 86, Number 203 (Monday, October 25, 2021)]
[Notices]
[Page 59002]
From the Federal Register Online via the Government Publishing Office [<a href="http://www.gpo.gov">www.gpo.gov</a>]
[FR Doc No: 2021-23136]
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DEPARTMENT OF THE TREASURY
Agency Information Collection Activities; Submission for OMB
Review; Comment Request; Multiple Internal Revenue Service Information
Collection Requests
AGENCY: Departmental Offices, U.S. Department of the Treasury.
ACTION: Notice.
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SUMMARY: The Department of the Treasury will submit the following
information collection requests to the Office of Management and Budget
(OMB) for review and clearance in accordance with the Paperwork
Reduction Act of 1995, on or after the date of publication of this
notice. The public is invited to submit comments on these requests.
DATES: Comments must be received on or before November 24, 2021.
ADDRESSES: Written comments and recommendations for the proposed
information collection should be sent within 30 days of publication of
this notice to <a href="http://www.reginfo.gov/public/do/PRAMain">www.reginfo.gov/public/do/PRAMain</a>. Find this particular
information collection by selecting ``Currently under 30-day Review--
Open for Public Comments'' or by using the search function.
FOR FURTHER INFORMATION CONTACT: Copies of the submissions may be
obtained from Molly Stasko by emailing <a href="/cdn-cgi/l/email-protection#f1a1a3b0b18583949082848388df969e87"><span class="__cf_email__" data-cfemail="702022313004021511030502095e171f06">[email protected]</span></a>, calling (202)
622-8922, or viewing the entire information collection request at
<a href="http://www.reginfo.gov">www.reginfo.gov</a>.
SUPPLEMENTARY INFORMATION:
Internal Revenue Service (IRS)
1. Title: Simplified Employee Pension-Individual Retirement
Accounts Contribution Agreement.
OMB Control Number: 1545-0499.
Type of Review: Extension of a currently approved collection.
Description: Form 5305-SEP is used by an employer to make an
agreement to provide benefits to all employees under a Simplified
Employee Pension (SEP) described in Internal Revenue Code section
408(k). This form is not to be filed with the IRS but is to be retained
in the employer's records as proof of establishing a SEP and justifying
a deduction for contributions to the SEP.
Form Number: IRS Form 5305-SEP.
Affected Public: Businesses or other for-profits.
Estimated Number of Respondents: 100,000.
Frequency of Response: On occasion.
Estimated Total Number of Annual Responses: 100,000.
Estimated Time per Respondent: 4 hours 57 minutes.
Estimated Total Annual Burden Hours: 495,000 hours.
2. Title: Internal Revenue Service Advisory Council Membership
Application.
OMB Control Number: 1545-1791.
Type of Review: Revision of a currently approved collection.
Description: The Federal Advisory Committee Act (FACA) requires
that committee membership be fairly balanced in terms of points of view
represented and the functions to be performed. As a result, members of
specific committees often have both the expertise and professional
skills that parallel the program responsibilities of their sponsoring
agencies. Selection of committee members is based on the FACA's
requirements and the potential member's background and qualifications.
Therefore, an application is needed to ascertain the desired skills set
for membership. The IRS will also use the information to perform
federal income tax, background, and practitioner checks as required of
all members and applicants to the Committee or Council. Information
provided will be used to qualify or disqualify individuals to serve as
members.
Form Number: IRS Forms 12339.
Affected Public: Individuals or households.
Estimated Number of Respondents: 125.
Frequency of Response: Annually.
Estimated Total Number of Annual Responses: 125.
Estimated Time per Response: 1 hour 30 minutes.
Estimated Total Annual Burden Hours: 187.5 hours.
3. Title: Consumer Cooperative Exemption Application.
OMB Control Number: 1545-1941.
Type of Review: Extension of a currently approved collection.
Description: A cooperative uses Form 3491 to apply for exemption
from filing Form 1099-PATR, Taxable Distributions received from
Cooperatives. To qualify for the exemption, 85% of the cooperative's
gross receipts for the preceding tax year, or 85% of its total gross
receipts for the preceding 3 tax years, must have been from retail
sales of goods or services that are generally for personal, living, or
family use (qualifying retail sales). See Regulations section 1.6044-4.
Form: IRS Form 3491.
Affected Public: Individuals or households; Businesses and other
for-profit organizations; and Not-for-profit institutions.
Estimated Number of Respondents: 200.
Frequency of Response: On Occasion.
Estimated Total Number of Annual Responses: 200.
Estimated Time per Response: 44 minutes.
Estimated Total Annual Burden Hours: 148 hours.
(Authority: 44 U.S.C. 3501 et seq.)
Dated: October 19, 2021.
Molly Stasko,
Treasury PRA Clearance Officer.
[FR Doc. 2021-23136 Filed 10-22-21; 8:45 am]
BILLING CODE 4830-01-P
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