Notice2024-19112
Proposed Extension of Information Collection Request Submitted for Public Comment; Comment Request for Third-Party Disclosure Requirements
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
August 26, 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 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. Currently, the IRS is soliciting comments concerning the burden related to third-party disclosure requirements.
Full Text
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<title>Federal Register, Volume 89 Issue 165 (Monday, August 26, 2024)</title>
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[Federal Register Volume 89, Number 165 (Monday, August 26, 2024)]
[Notices]
[Pages 68496-68497]
From the Federal Register Online via the Government Publishing Office [<a href="http://www.gpo.gov">www.gpo.gov</a>]
[FR Doc No: 2024-19112]
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DEPARTMENT OF THE TREASURY
Internal Revenue Service
Proposed Extension of Information Collection Request Submitted
for Public Comment; Comment Request for Third-Party Disclosure
Requirements
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 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. Currently, the IRS is soliciting comments
concerning the burden related to third-party disclosure requirements.
DATES: Written comments should be received on or before October 25,
2024 to be assured of consideration.
ADDRESSES: Direct all written comments to Andr[eacute]s Garcia,
Internal Revenue Service, Room 6526, 1111 Constitution Avenue NW,
Washington, DC 20224, or by email to <a href="/cdn-cgi/l/email-protection#c3b3b1a2eda0acaeaea6adb7b083aab1b0eda4acb5"><span class="__cf_email__" data-cfemail="f8888a99d69b9795959d968c8bb8918a8bd69f978e">[email protected]</span></a>. Please
include, ``OMB Number: 1545-1466--Public Comment Request Notice'' in
the Subject line.
FOR FURTHER INFORMATION CONTACT: Requests for additional information or
copies of the form and instructions should be directed to Ronald J.
Durbala, at (202) 317-5746, 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#b1e3fbdec2d4c1d99ff5c4c3d3d0ddd0f1d8c3c29fd6dec7"><span class="__cf_email__" data-cfemail="57051d382432273f7913222535363b36173e252479303821">[email protected]</span></a>.
SUPPLEMENTARY INFORMATION: Title: Third-Party Disclosure Requirements.
OMB Number: 1545-1466.
Abstract: Taxpayers must obtain third-party certification or
documentation to avail themselves of certain credits, deductions or
other benefits permitted by the Internal Revenue Code. Taxpayers will
use these documents or information to support claims for certain
credits, deductions, or tax benefits on their returns. The Internal
Revenue Service may review these documents or information during any
examination of taxpayers' returns to verify the taxpayers' entitlement
to the claimed credits, deductions, or tax benefits. This submission
contains third-party disclosure regulations subject to the Paperwork
Reduction Act of 1995.
Current Actions: There are no changes being made to this collection
at this time. However, updates in the burden estimates will result in a
burden increase of 297,453 hours.
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 Responses: 130,723,849.
Estimated Average Time per Respondent: 16 min.
Estimated Total Annual Burden Hours: 34,228,870.
[[Page 68497]]
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 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.
Desired Focus of Comments: The Internal Revenue Service (IRS) is
particularly interested in comments that:
<bullet> Evaluate whether the proposed collection of information is
necessary for the proper performance of the functions of the agency,
including whether the information will have practical utility.
<bullet> Evaluate the accuracy of the agency's estimate of the
burden of the proposed collection of information, including the
validity of the methodology and assumptions used.
<bullet> Enhance the quality, utility, and clarity of the
information to be collected; and
<bullet> Minimize the burden of the collection of information on
those who are to respond, including using appropriate automated,
electronic, mechanical, or other technological collection techniques or
other forms of information technology, e.g., by permitting electronic
submissions of responses.
Comments submitted in response to this notice will be summarized
and/or included in the ICR for OMB approval of the extension of the
information collection; they will also become a matter of public
record.
Approved: August 21, 2024.
Ronald J. Durbala,
IRS Tax Analyst.
[FR Doc. 2024-19112 Filed 8-23-24; 8:45 am]
BILLING CODE 4830-01-P
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