Notice2022-01648
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
January 27, 2022
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 87 Issue 18 (Thursday, January 27, 2022)</title>
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[Federal Register Volume 87, Number 18 (Thursday, January 27, 2022)]
[Notices]
[Page 4332]
From the Federal Register Online via the Government Publishing Office [<a href="http://www.gpo.gov">www.gpo.gov</a>]
[FR Doc No: 2022-01648]
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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 February 28, 2022.
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#a5f5f7e4e5d1d7c0c4d6d0d7dc8bc2cad3"><span class="__cf_email__" data-cfemail="0c5c5e4d4c787e696d7f797e75226b637a">[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: Third-Party Disclosure Requirements in IRS Regulations.
OMB Control Number: 1545-1466.
Type of Review: Extension of a currently approved collection.
Description: Taxpayers must obtain third-party certification or
documentation to avail themselves of certain credits, deductions or
other benefits permitted by the Internal Revenue Code (IRC). Similarly,
the receipt of other third-party information often provides a safe-
harbor on which taxpayers may rely to avail themselves of certain
credits, deductions or other benefits permitted by the IRC. Further,
although taxpayers do not have to submit the documents or information
to claim the credits, deductions, or tax benefits, they are required to
maintain the documentation with their books and records, which
facilitates the Internal Revenue Service (IRS) examination of the
claimed credit, deduction, or tax benefit during any audit of
taxpayer's return. The third parties required to provide this
certification, documentation, or information generally collect the
required information in the ordinary course of their business.
Accordingly, while requiring third-parties to disclose this information
is not a significant burden, it allows taxpayers to legitimately
minimize their tax burden the by claiming credits, deductions, and
other tax benefits that Congress has authorized and facilitates the IRS
verification of the taxpayers' claims on audit.
Form Number: None.
Affected Public: Individuals or households; Business or other for-
profit organizations; Not-for-profit institutions.
Estimated Number of Respondents: 130,714,403.
Frequency of Response: Annually.
Estimated Total Number of Annual Responses: 130,723,849.
Estimated Time per Response: Varies. Average response time 15
minutes.
Estimated Total Annual Burden Hours: 33,931,417.
2. Title: Public Approval of Tax-Exempt Private Activity Bonds.
OMB Control Number: 1545-2185.
Type of Review: Revision of a currently approved collection.
Description: The collection of information in these final
regulations is the requirement in Treasury Regulations section
1.147(f)-1 that certain information be contained in a public notice or
public approval and, consequently, disclosed to the public. The
information is required to meet the statutory public approval
requirement provided in the Internal Revenue Code section 147(f).
Form Number: TD 9845.
Affected Public: State and local governments.
Estimated Number of Respondents: 2,000.
Frequency of Response: Annually.
Estimated Total Number of Annual Responses: 2,000.
Estimated Time per Response: 1 hour 18 minutes.
Estimated Total Annual Burden Hours: 2,600.
(Authority: 44 U.S.C. 3501 et seq.)
Dated: January 24, 2022.
Molly Stasko,
Treasury PRA Clearance Officer.
[FR Doc. 2022-01648 Filed 1-26-22; 8:45 am]
BILLING CODE 4830-25-P
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This is legal information, not legal advice. Laws vary by jurisdiction and change frequently. Always verify current law with official sources and consult a licensed attorney in your jurisdiction for advice on your specific situation.