Notice2023-02585
Agency Information Collection Activities; Submission for OMB Review; Comment Request; Application for Change in Accounting Method
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
February 7, 2023
Issuing agencies
Treasury Department
Abstract
The Internal Revenue Service, 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. The IRS is soliciting comments concerning Form 3115, Application for Change in Accounting Method.
Full Text
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<title>Federal Register, Volume 88 Issue 25 (Tuesday, February 7, 2023)</title>
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[Federal Register Volume 88, Number 25 (Tuesday, February 7, 2023)]
[Notices]
[Page 8047]
From the Federal Register Online via the Government Publishing Office [<a href="http://www.gpo.gov">www.gpo.gov</a>]
[FR Doc No: 2023-02585]
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DEPARTMENT OF THE TREASURY
Agency Information Collection Activities; Submission for OMB
Review; Comment Request; Application for Change in Accounting Method
AGENCY: Departmental Offices, U.S. Department of the Treasury.
ACTION: Notice.
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SUMMARY: The Internal Revenue Service, 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. The IRS is soliciting comments
concerning Form 3115, Application for Change in Accounting Method.
DATES: Comments should be received on or before March 9, 2023 to be
assured of consideration.
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.
Copies of the submissions may be obtained from Melody Braswell by
emailing <a href="/cdn-cgi/l/email-protection#4f1f1d0e0f3b3d2a2e3c3a3d3661282039"><span class="__cf_email__" data-cfemail="207072616054524541535552590e474f56">[email protected]</span></a>, calling (202) 622-1035, or viewing the
entire information collection request at <a href="http://www.reginfo.gov">www.reginfo.gov</a>.
SUPPLEMENTARY INFORMATION:
Internal Revenue Service (IRS)
Title: Form 3115, Application for Change in Accounting Method.
OMB Number: 1545-2070.
Form Number: Form 3115.
Abstract: Internal Revenue Code (IRC) section 446(e) provides that
a taxpaying entity that changes its method of accounting for computing
taxable income must first secure the consent of the Secretary. The
taxpayer uses Form 3115 to obtain this consent.
Current Actions: There are changes to the existing collection: (1)
Four questions were added to Form 3115 to reflect changes in IRS
guidance documents and regulations, and (2) citations were added and
updated to reflect current IRC sections, regulations, and guidance
documents.
Type of Review: Reinstatement of a previously approved collection.
Affected Public: Estates, trusts, and not-for-profit institutions.
Estimated Number of Respondents: 190.
Estimated Number of Responses per Respondent: 1.
Estimated Number of Responses: 190.
Estimated Time per Respondent: 99.99 hours.
Estimated Total Annual Burden Hours: 18,998.
Authority: 44 U.S.C. 3501 et seq.
Melody Braswell,
Treasury PRA Clearance Officer.
[FR Doc. 2023-02585 Filed 2-6-23; 8:45 am]
BILLING CODE 4810-25-P
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