Notice2023-28538
Agency Information Collection Activities; Submission for OMB Review; Comment Request; Multiple Internal Revenue Service (IRS) Information Collection Requests
Primary source
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Published
December 27, 2023
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 88 Issue 247 (Wednesday, December 27, 2023)</title>
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[Federal Register Volume 88, Number 247 (Wednesday, December 27, 2023)]
[Notices]
[Pages 89496-89499]
From the Federal Register Online via the Government Publishing Office [<a href="http://www.gpo.gov">www.gpo.gov</a>]
[FR Doc No: 2023-28538]
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DEPARTMENT OF THE TREASURY
Agency Information Collection Activities; Submission for OMB
Review; Comment Request; Multiple Internal Revenue Service (IRS)
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 should be received on or before January 26, 2024 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.
FOR FURTHER INFORMATION CONTACT: Copies of the submissions may be
obtained from Melody Braswell by emailing <a href="/cdn-cgi/l/email-protection#5c0c0e1d1c282e393d2f292e25723b332a"><span class="__cf_email__" data-cfemail="9bcbc9dadbefe9fefae8eee9e2b5fcf4ed">[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)
1. Title: United States Estate (and Generation-Skipping Transfer)
Tax Return.
OMB Number: 1545-0015.
Form Number: Form 706, and Schedule R-1 (Form 706).
Abstract: Executors use Form 706 to report and compute the Federal
Estate Tax imposed by Internal Revenue Code (IRC) section 2001 and the
Federal Generation Skipping Tax, imposed by IRC section 2601. The IRS
uses the
[[Page 89497]]
information to enforce these taxes and to verify that the tax has been
properly computed. Schedule R-1 (Form 706) serves as a payment voucher
for the Generation-Skipping Transfer (GST) tax imposed on a direct skip
from a trust, which the trustee of the trust, must pay.
Current Actions: There is no change to the existing collection.
However, the estimated number of responses was reduced based on current
filing data.
Type of Review: Extension of a currently approved collection.
Affected Public: Individuals or Households; and Businesses or other
for-profit organizations.
Estimated Number of Responses: 14,267.
Estimated Time per Respondent: 38 hours.
Estimated Total Annual Burden Hours: 517,090.
2. Title: Depreciation and Amortization (including Information on
Listed Property).
OMB Number: 1545-0172.
Form Number: 4562.
Abstract: Form 4562 is used to claim a deduction for depreciation
and amortization; to make the election to expense certain tangible
property under Internal Revenue Code section 179; and to provide
information on the business/investment use of automobiles and other
listed property. The form provides the IRS with the information
necessary to determine that the correct depreciation deduction is being
claimed.
Current Actions: There are no changes being made to the form at
this time.
Type of Review: Extension of a currently approved collection.
Affected Public: Business or other for-profit organization.
Estimated Number of Respondents: 12,313,626.
Estimated Time per Respondent: 40 hours.
Estimated Total Annual Burden Hours: 448,368,447 hours.
3. Title: IRC Section 6324A Lien Agreement Notice of Election of
and Agreement To Special Lien in Accordance With Internal Revenue Code
Section 6324A and Related Regulations.
OMB Number: 1545-0757.
Form Number: 13925.
Abstract: Section 6324A of the Code permits an executor of a
decedent's estate to elect a lien on section 6166 property in favor of
the United States in lieu of a bond or other personal liability if an
election under section 6166 or 6166A. Form 13925 is used to provide
valuation information annually each year thereafter until the estate
tax is collected in full.
Current Actions: There are no changes to the form or burden.
Type of Review: Extension of a currently approved collection.
Affected Public: Individuals or households, and business or other
for-profit organizations.
Estimated Number of Respondents: 500.
Estimated Time per Response: 1 hour.
Estimated Total Annual Burden Hours: 500 hours.
4. Title: Estimated Income Tax for Estates and Trusts.
OMB Number: 1545-0971.
Form Project Number: Form 1041-ES.
Abstract: Internal Revenue Code section 6654(1) imposes a penalty
on trusts, and in certain circumstances, a decedent's estate, for
underpayment of estimated tax. Form 1041-ES is used by the fiduciary to
make the estimated tax payments. The form provides the IRS with
information to give estates and trusts proper credit for estimated tax
payments. For first-time filers, the form is available in an Over the
Counter (OTC) version at IRS offices. For previous filers, the form is
sent to them by the IRS with preprinted vouchers in the Optical
Character Resolution (OCR) version.
Current Actions: The estimated annual responses have increased by
211,239. This creates an increase in the total estimated annual burden
by 1,647,946 hours. Changes in the burden estimates previously approved
by OMB, are due to corrections of filing data. This form is being
submitted for renewal purposes only.
Type of Review: Revision of a currently approved collection.
Affected Public: Individuals and business or other for-profit
organizations.
Estimated Number of Responses: 791,141.
Estimated Time per Respondent: 4 hrs., 29 min.
Estimated Total Annual Burden Hours: 3,565,694.
5. Title: Reporting Agent Authorization.
OMB Number: 1545-1058.
Form Number: Form 8655 and Revenue Procedure 2012-32.
Abstract: Form 8655 allows a taxpayer to designate a reporting
agent to file certain employment tax returns electronically or on
magnetic tape, to receive copies of notices and other tax information,
and to submit Federal tax deposits. This form allows IRS to disclose
tax account information and to provide duplicate copies of taxpayer
correspondence to authorized agents. Revenue Procedure 2012-32 provides
the requirements for completing and submitting Form 8655, Reporting
Agent Authorization. An Authorization allows a taxpayer to designate a
Reporting Agent to perform certain acts on behalf of a taxpayer.
Current Actions: There are no changes being made to this collection
at this time.
Type of Review: Extension of a currently approved collection.
Affected Public: Business or other for-profit organizations.
Estimated Number of Respondents: 114,250.
Estimated Time per Respondent: 10 hours.
Estimated Total Annual Burden Hours: 819,050.
6. Title: Cognitive and Psychological Research Coordinated by
Statistics of Income on Behalf of All IRS Operations Functions.
OMB Number: 1545-1349.
Abstract: The proposed research will improve the quality of data
collection by examining the psychological and cognitive aspects of
methods and procedures such as: Interviewing processes, forms redesign,
survey and tax collection technology and operating procedures (internal
and external in nature).
Current Actions: We will be conducting different opinion surveys,
focus group sessions, think-aloud interviews, and usability studies
regarding cognitive research surrounding forms submission or IRS
system/product development.
Type of Review: Revision of a currently approved collection.
Affected Public: Individuals and businesses or other for-profit
organizations.
Estimated Number of Respondents: 6,000.
Estimated Time per Respondent: 1 hour, 30 minutes.
Estimated Total Annual Burden Hours: 9,000.
7. Title: Consent To Extend the Time To Assess Tax Under Section
367--Gain Recognition Agreement.
OMB Number: 1545-1395.
Form Number: Form 8838.
Abstract: Form 8838 is used to extend the statute of limitations
for U.S. persons who transfer stock or securities to a foreign
corporation. The form is filed when the transferor makes a gain
recognition agreement. This agreement allows the transferor to defer
the payment of tax on the transfer. The IRS uses Form 8838 so that it
may assess tax against the transferor after the expiration of the
original statute of limitations. The estimates in this notice are for
estates, trusts, and tax-exempt organizations filing Form 8838.
Current Actions: There is no change to the existing collection.
However, the
[[Page 89498]]
estimated number of responses was reduced to eliminate duplication of
burden estimates. The estimated burden for individuals filing Form 8838
is approved under OMB control number 1545-0074, and the estimated
burden for businesses filing Form 8838 is approved under OMB control
number 1545-0123.
Type of Review: Extension of a currently approved collection.
Affected Public: Business or other for-profit organizations.
Estimated Number of Responses: 200.
Estimated Time per Respondent: 8 hours, 23 minutes.
Estimated Total Annual Burden Hours: 1,646.
8. Title: Interest Computation under the look-back Method for
Property Depreciated Under the Income Forecast Method.
OMB Number: 1545-1622.
Form Number: 8866.
Abstract: Taxpayers depreciating property under the income forecast
method and placed in service after September 13, 1995, must use Form
8866 to compute and report interest due or to be refunded under
Internal Revenue Code 167(g)(2). The Internal Revenue Service uses the
information on Form 8866 to determine if the interest has been figured
correctly.
Current Actions: There is no change to the form at this time. This
request is being submitted for renewal purposes only.
Type of Review: Extension of a currently approved collection.
Affected Public: Individuals or households, and business or other
for-profit organizations.
Estimated Number of Respondents: 50.
Estimated Time per Respondent: 13 hours, 86 min.
Estimated Total Annual Burden Hours: 693.
9. Title: Communications Excise Tax; Prepaid Telephone Cards.
OMB Number: 1545-1628.
Regulation Number: Treasury Decision 8855 (REG-118620-97).
Abstract: Carriers must keep certain information documenting their
sales of prepaid telephone cards to other carriers to avoid
responsibility for collecting tax. The regulations provide rules for
the application of the communications excise tax to prepaid telephone
cards.
Current Actions: There are no changes to the regulation or burden.
Type of Review: Extension of a currently approved collection.
Affected Public: Business or other for-profit.
Estimated Number of Respondents: 96.
Estimated Time per Response: 20 minutes.
Estimated Total Annual Burden Hours: 34 hours.
10. Title: Application for United States Residency Certification.
OMB Number: 1545-1817.
Form Project Number: Form 8802.
Abstract: An entity must use Form 8802 to apply for United States
Residency Certification. All requests for U.S. residency certification
must be received on Form 8802, Application for United States Residency
Certification. As proof of residency in the United States and of
entitlement to the benefits of a tax treaty, U.S. Government
certification that you are a U.S. citizen, U.S. corporation, U.S.
partnership, or resident of the United States for purposes of taxation.
Current Actions: There are no changes being made to the form at
this time. This form is being submitted for renewal purposes only.
Type of Review: Extension of a currently approved collection.
Affected Public: Individuals or households, business or other for-
profit organization, and not-for-profit institution.
Estimated Number of Responses: 130,132.
Estimated Time per Respondent: 3 hrs., 38 min.
Estimated Total Annual Burden Hours: 472,380.
11. Title: Disclosure of Returns and Return Information in
Connection with Written Contracts or Agreements for the Acquisition of
Property or Services for Tax Administration Purposes.
OMB Number: 1545-1821.
Form Number: TD 9327.
Abstract: The regulations clarify that redisclosures of returns and
return information by contractors to agents or subcontractors are
permissible, and that the penalty provisions, written notification
requirements, and safeguard requirements are applicable to these agents
and subcontractors. Section 301.6103(n)-1(e)(3) of the regulations
require that before the execution of a contract or agreement for the
acquisition of property or services under which returns or return
information will be disclosed, the contract or agreement must be made
available to the IRS.
Current Actions: There are no changes being made to the collection
at this time.
Type of Review: Extension of a currently approved collection.
Affected Public: Individuals or households, business or other for-
profit organizations, and not-for-profit institutions.
Estimated Number of Respondents: 2,500.
Estimated Time per Respondent: 6 minutes.
Estimated Total Annual Burden Hours: 250.
12. Title: Relief from Ruling Process For Making Late Reverse QTIP
Election.
OMB Number: 1545-1898.
Revenue Procedure Number: 2004-47.
Abstract: This revenue procedure provides alternative relief for
taxpayers who failed to make a reverse QTIP election on an estate tax
return. Instead of requesting a private letter ruling and paying the
accompanying user fee, taxpayers may file certain documents with the
Cincinnati Service Center directly to request relief.
Current Actions: There are no changes to the paperwork burden
previously approved by OMB.
Type of Review: Extension of a currently approved collection.
Affected Public: Individuals or households.
Estimated Number of Respondents: 6.
Estimated Annual Average Time per Respondent: 9 hours.
Estimated Total Annual Burden Hours: 54.
13. Title: Qualifying Advanced Energy Project Credit.
OMB Number: 1545-2151.
Notice Numbers: Notice 2023-18.
Abstract: This notice establishes the program under Sec. 48C(e)(1)
of the Internal Revenue Code to allocate $10 billion of credits ($4
billion of which may only be allocated to projects located in certain
energy communities) for qualified investments in eligible qualifying
advanced energy projects (Sec. 48C(e) program). A qualifying advanced
energy project re-equips, expands, or establishes a manufacturing
facility for the production of certain energy related property. A
taxpayer must submit, for each qualifying advanced energy project: (1)
a concept paper for Department of Energy (DOE) consideration and (2) a
Sec. 48C(e) application (consisting of (i) an application for DOE
recommendation and (ii) an application for Sec. 48C(e) certification).
To be eligible to claim any Sec. 48C credits allocated to a project
under the Sec. 48C(e) program, a taxpayer must also provide to DOE (1)
evidence establishing that a project satisfies the certification
requirements specified in Notice 2023-18 and (2) a notification that
the project has been placed in service.
Current Actions: There is no change in the paperwork burden
previously approved by OMB. This notice is being submitted for renewal
purposes only.
Type of Review: Extension of a currently approved collection.
Affected Public: Business or other for-profit.
[[Page 89499]]
Concept Papers
Estimated Number of Respondents: 2,500.
Estimated Average Time per Respondent: 2.2667 hrs. (136 minutes).
Estimated Total Annual Burden Hours: 5,667 hrs.
Application Process
Estimated Number of Respondents: 2,500.
Estimated Average Time per Respondent: 10.4333 hrs. (626 minutes).
Estimated Total Annual Burden Hours: 26,083 hrs.
14. Title: Guidance under Section 529A: Qualified ABLE Programs.
OMB Number: 1545-2293.
Regulatory Number: TD 9923.
Abstract: The Stephen Beck, Jr., Achieving a Better Life Experience
(ABLE) Act of 2014, as part of The Tax Increase Prevention Act of 2014
(Pub. L. 113-295), added Internal Revenue Code (IRC) section 529A. IRC
section 529A provides rules under which States or State agencies or
instrumentalities may establish and maintain a new type of tax-favored
savings program through which contributions may be made to the account
of an eligible disabled individual to meet qualified disability
expenses. These accounts also receive favorable treatment for purposes
of certain means-tested Federal programs. Treasury Regulations section
1.529A-2 provides guidance about the requirements applicable to
qualified ABLE programs and individuals seeking to establish ABLE
accounts under such programs.
Current Actions: There is no change to the existing collection.
Type of Review: Extension of a currently approved collection.
Affected Public: States, and Individuals or households.
Estimated Number of Responses: 28,987.
Estimated Time per Respondent: 22 minutes.
Estimated Total Annual Burden Hours: 10,729.
15. Title: Taxpayer Experience Office Speaker Request.
OMB Number: 1545-New.
Form Project Number: Form 15424.
Abstract: If an organization would like a representative from
Internal Revenue Service (IRS) Taxpayer Experience Office to speak at
their event, they can complete the speaker request form. This form
provides organizations with a more structured way of making the
request. Also, the form streamlines the process by ensuring the IRS
receives the necessary information in order to provide a speaker.
Current Actions: This is a request for new OMB control number.
Type of Review: New form.
Affected Public: Business, or other for-profit, and not-for-profit
institutions.
Estimated Number of Responses: 100.
Estimated Time per Respondent: 10 minutes.
Estimated Total Annual Burden Hours: 17 hrs.
Authority: 44 U.S.C. 3501 et seq.
Melody Braswell,
Treasury PRA Clearance Officer.
[FR Doc. 2023-28538 Filed 12-26-23; 8:45 am]
BILLING CODE 4830-01-P
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