Notice2022-27247
Proposed Collection; Comment Request for Information Collection Tools
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
December 16, 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 proposed and/or continuing information collections, as required by the Paperwork Reduction Act of 1995, Public Law 104-13. Currently, the IRS is soliciting comments concerning Form 972, Consent of Shareholder To Include Specific Amount in Gross Income.
Full Text
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<title>Federal Register, Volume 87 Issue 241 (Friday, December 16, 2022)</title>
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[Federal Register Volume 87, Number 241 (Friday, December 16, 2022)]
[Notices]
[Page 77169]
From the Federal Register Online via the Government Publishing Office [<a href="http://www.gpo.gov">www.gpo.gov</a>]
[FR Doc No: 2022-27247]
[[Page 77169]]
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DEPARTMENT OF THE TREASURY
Internal Revenue Service
Proposed Collection; Comment Request for Information Collection
Tools
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 proposed and/or continuing information collections, as required by
the Paperwork Reduction Act of 1995, Public Law 104-13. Currently, the
IRS is soliciting comments concerning Form 972, Consent of Shareholder
To Include Specific Amount in Gross Income.
DATES: Written comments should be received on or before February 14,
2023 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#1e6e6c7f307d7173737b706a6d5e776c6d30797168"><span class="__cf_email__" data-cfemail="cfbfbdaee1aca0a2a2aaa1bbbc8fa6bdbce1a8a0b9">[email protected]</span></a>. Include 1545-0043 or
Consent of Shareholder To Include Specific Amount in Gross Income 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#074b66696e736629516669437e6c62476e757429606871"><span class="__cf_email__" data-cfemail="c18da0afa8b5a0ef97a0af85b8aaa481a8b3b2efa6aeb7">[email protected]</span></a>.
SUPPLEMENTARY INFORMATION:
Title: Consent of Shareholder To Include Specific Amount in Gross
Income.
OMB Number: 1545-0043.
Form Number: 972.
Abstract: Form 972 is filed by shareholders of corporations who
agree to include a consent dividend in gross income as a taxable
dividend. The IRS uses Form 972 as a check to see if an amended return
is filed by the shareholder to include the amount in income and to
determine if the corporation claimed the correct amount as a deduction
on its tax return.
Current Actions: There is no change in the paperwork burden
previously approved by OMB.
Type of Review: Extension of a currently approved collection.
Affected Public: Business or other for-profit organizations.
Estimated Number of Respondents: 100.
Estimated Time per Respondent: 3 hrs, 51 min.
Estimated Total Annual Burden Hours: 385.
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: December 12, 2022.
Molly J. Stasko,
Supervisory Tax Analyst.
[FR Doc. 2022-27247 Filed 12-15-22; 8:45 am]
BILLING CODE 4830-01-P
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</html>Indexed from Federal Register on December 16, 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.