Notice2024-07764
Proposed Collection; Comment Request for Itemized Statement Component of Advisee List
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 12, 2024
Issuing agencies
Treasury DepartmentInternal Revenue Service
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 continuing information collections, as required by the Paperwork Reduction Act of 1995. The IRS is soliciting comments concerning itemized statement component of advisee list.
Full Text
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<title>Federal Register, Volume 89 Issue 72 (Friday, April 12, 2024)</title>
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[Federal Register Volume 89, Number 72 (Friday, April 12, 2024)]
[Notices]
[Pages 25918-25919]
From the Federal Register Online via the Government Publishing Office [<a href="http://www.gpo.gov">www.gpo.gov</a>]
[FR Doc No: 2024-07764]
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DEPARTMENT OF THE TREASURY
Internal Revenue Service
Proposed Collection; Comment Request for Itemized Statement
Component of Advisee List
AGENCY: Internal Revenue Service (IRS), Treasury.
ACTION: Notice and request for comments.
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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
continuing information collections, as required by the Paperwork
Reduction Act of 1995. The IRS is soliciting comments concerning
itemized statement component of advisee list.
DATES: Written comments should be received on or before June 11, 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#daaaa8bbf4b9b5b7b7bfb4aea99ab3a8a9f4bdb5ac"><span class="__cf_email__" data-cfemail="6a1a180b44090507070f041e192a031819440d051c">[email protected]</span></a>. Include OMB control number
1545-1686 or Itemized Statement Component of Advisee List.
FOR FURTHER INFORMATION CONTACT: Requests for additional information or
copies of the form should be directed to Kerry Dennis at (202) 317-
5751, 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#13587661616a3d5f3d57767d7d7a60537a61603d747c65"><span class="__cf_email__" data-cfemail="347f5146464d1a781a70515a5a5d47745d46471a535b42">[email protected]</span></a>.
SUPPLEMENTARY INFORMATION:
Title: Itemized Statement Component of Advisee List.
OMB Number: 1545-1686.
Form Number: Form 13976.
Abstract: Internal Revenue Code (IRC) Section 6112, (as amended by
the American Jobs Creation Act of 2004, Pub. L. 108-357), requires that
each material advisor with respect to any reportable transaction shall
maintain (in such manner as the Secretary may by regulations prescribe)
a list identifying each person with respect to whom the advisor acted
as a material advisor. Form 13976, Itemized Statement Component of
Advisee List, may be used by Material Advisors for the purpose of
preparing and maintaining list with respect to reportable transaction
under section 6112, but the form is not required to be used under
301.6112-1, but is offered as an option for maintaining the transaction
participants list.
Current Actions: There is no change to the paperwork burden
previously approved by OMB.
Type of Review: Extension of a currently approved collection.
Affected Public: Business or other for-profit organizations,
individuals or households, and not-for-profit institutions.
Estimated Number of Respondents: 500.
Estimated Time per Respondent: 100.
Estimated Total Annual Burden Hours: 50,000 hours.
The following paragraph applies to all 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 if their
[[Page 25919]]
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 1, 2024.
Kerry L. Dennis,
Tax Analyst.
[FR Doc. 2024-07764 Filed 4-11-24; 8:45 am]
BILLING CODE 4830-01-P
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