Notice2024-04104
Proposed Collection; Comment Request for Form 15434
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 28, 2024
Issuing agencies
Treasury DepartmentInternal Revenue Service
Abstract
The Internal Revenue Service (IRS), 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, Application for Employee Retention Credit (ERC) Voluntary Disclosure Program.
Full Text
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<title>Federal Register, Volume 89 Issue 40 (Wednesday, February 28, 2024)</title>
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[Federal Register Volume 89, Number 40 (Wednesday, February 28, 2024)]
[Notices]
[Page 14737]
From the Federal Register Online via the Government Publishing Office [<a href="http://www.gpo.gov">www.gpo.gov</a>]
[FR Doc No: 2024-04104]
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DEPARTMENT OF THE TREASURY
Internal Revenue Service
Proposed Collection; Comment Request for Form 15434
AGENCY: Internal Revenue Service (IRS), Treasury.
ACTION: Notice and request for comments.
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SUMMARY: The Internal Revenue Service (IRS), 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, Application for
Employee Retention Credit (ERC) Voluntary Disclosure Program.
DATES: Written comments should be received on or before April 29, 2024
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#374745561954585a5a52594344775e454419505841"><span class="__cf_email__" data-cfemail="9aeae8fbb4f9f5f7f7fff4eee9daf3e8e9b4fdf5ec">[email protected]</span></a>. Include ``OMB Number 1545-
2316--Application for Employee Retention Credit (ERC) Voluntary
Disclosure Program'' in the subject line of the message.
FOR FURTHER INFORMATION CONTACT: Requests for additional information or
copies of this collection should be directed to Martha R. Brinson, at
(202)317-5753, or 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#236e4251574b420d710d61514a4d504c4d634a51500d444c55"><span class="__cf_email__" data-cfemail="115c70636579703f433f5363787f627e7f517863623f767e67">[email protected]</span></a>.
SUPPLEMENTARY INFORMATION:
Title: Application for Employee Retention Credit (ERC) Voluntary
Disclosure Program.
OMB Number: 1545-2316.
Form Number: 15434.
Abstract: The Employee Retention Credit Voluntary Disclosure
Program (ERC-VDP) was created in order to provide a streamlined avenue
for taxpayers to return funds for improperly claimed ERC credits and be
afforded a 20% reduction in the amount to return.
To participate in the initiative, taxpayers must submit information
about the improper ERC claimed, refund received, their identifying
information, and the identifying information of any preparer/advisor
who assisted them with the ERC claim.
Current Actions: There are no changes to the form at this time.
This notice is administrative process to renew the OMB approval on the
form.
Type of Review: Extension of a currently approved collection.
Affected Public: Individuals and Households.
Estimated Number of Respondents: 5,000.
Estimated Time per Respondent: 2 hrs., 22 mins.
Estimated Total Annual Burden Hours: 11,800.
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.
Comments will be 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 has
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 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: February 23, 2024.
Martha R. Brinson,
Tax Analyst.
[FR Doc. 2024-04104 Filed 2-27-24; 8:45 am]
BILLING CODE 4830-01-P
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