Notice2022-08324

Proposed Collection; Comment Request for Form 7004

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
April 19, 2022

Issuing agencies

Treasury DepartmentInternal Revenue Service

Abstract

The Department of the Treasury, as part of its continuing effort to reduce paperwork and respondent burden, invites the general public and other Federal agencies to take this opportunity to comment on information collections, as required by the Paperwork Reduction Act of 1995. The IRS is soliciting comments concerning Form 7004, Application for Automatic Extension of Time To File Certain Business Income Tax, Information, and Other Returns.

Full Text

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<title>Federal Register, Volume 87 Issue 75 (Tuesday, April 19, 2022)</title>
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[Federal Register Volume 87, Number 75 (Tuesday, April 19, 2022)]
[Notices]
[Page 23322]
From the Federal Register Online via the Government Publishing Office [<a href="http://www.gpo.gov">www.gpo.gov</a>]
[FR Doc No: 2022-08324]


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DEPARTMENT OF THE TREASURY

Internal Revenue Service


Proposed Collection; Comment Request for Form 7004

AGENCY: Internal Revenue Service (IRS), Treasury.

ACTION: Notice and request for comments.

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SUMMARY: The Department of the Treasury, as part of its continuing 
effort to reduce paperwork and respondent burden, invites the general 
public and other Federal agencies to take this opportunity to comment 
on information collections, as required by the Paperwork Reduction Act 
of 1995. The IRS is soliciting comments concerning Form 7004, 
Application for Automatic Extension of Time To File Certain Business 
Income Tax, Information, and Other Returns.

DATES: Written comments should be received on or before June 21, 2022 
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 <a href="/cdn-cgi/l/email-protection#a6c9cbc488d3c8cfd2e6cfd4d588c1c9d0"><span class="__cf_email__" data-cfemail="81eeece3aff4efe8f5c1e8f3f2afe6eef7">[email&#160;protected]</span></a>. Include 1545-0233 or 
Application for Automatic Extension of Time To File Certain Business 
Income Tax, Information, and Other Returns in the subject line of the 
message.

FOR FURTHER INFORMATION CONTACT: Requests for additional information or 
copies of this collection should be directed to LaNita Van Dyke, at 
202-317-6009, at Internal Revenue Service, Room 6526, 1111 Constitution 
Avenue NW, Washington, DC 20224, or through the internet at 
<a href="/cdn-cgi/l/email-protection#0f436e61667b6e21596e614b76646a4f667d7c21686079"><span class="__cf_email__" data-cfemail="d19db0bfb8a5b0ff87b0bf95a8bab491b8a3a2ffb6bea7">[email&#160;protected]</span></a>.

SUPPLEMENTARY INFORMATION: 
    Title: Application for Automatic Extension of Time To File Certain 
Business Income Tax, Information, and Other Returns.
    OMB Number: 1545-0233.
    Form Number: 7004.
    Abstract: Form 7004 is used by corporations and certain nonprofit 
institutions to request an automatic extension of time to file their 
income tax returns. The information is needed by IRS to determine 
whether Form 7004 was timely filed so as not to impose a late filing 
penalty in error and also to ensure that the proper amount of tax was 
computed and deposited.
    Current Actions: There are no changes being made to this form at 
this time.
    Type of Review: Extension of a currently approved collection.
    Affected Public: Businesses or other for-profit organizations and 
non-profit institutions.
    Estimated Number of Respondents: 1,818,037.
    Estimated Time Per Respondent: 6 hr., 46 min.
    Estimated Total Annual Burden Hours: 12,326,291.
    The following paragraph applies to all of the collections of 
information covered by this notice:
    An agency may not conduct or sponsor, and a person is not required 
to respond to, a collection of information unless the collection of 
information displays a valid OMB control number. Books or records 
relating to a collection of information must be retained as long as 
their contents may become material in the administration of any 
internal revenue law. Generally, tax returns and tax return information 
are confidential, as required by 26 U.S.C. 6103.
    Request for Comments: 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.

    Approved: April 14, 2022.
Andres Garcia Leon,
Supervisory Tax Analyst.
[FR Doc. 2022-08324 Filed 4-18-22; 8:45 am]
BILLING CODE 4830-01-P


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Indexed from Federal Register on April 19, 2022.

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.