Proposed Collection; Comment Request for Form 1065, 1065-X and schedules., 19173-19174 [2014-07732]

Agencies

• Internal Revenue Service
• DEPARTMENT OF THE TREASURY

[Federal Register Volume 79, Number 66 (Monday, April 7, 2014)]
[Notices]
[Pages 19173-19174]
From the Federal Register Online via the Government Printing Office [www.gpo.gov]
[FR Doc No: 2014-07732]


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DEPARTMENT OF THE TREASURY

Internal Revenue Service


Proposed Collection; Comment Request for Form 1065, 1065-X and 
schedules.

AGENCY: Internal Revenue Service (IRS), Treasury.

ACTION: Notice and request for comments.

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SUMMARY: The Department of the Treasury, 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, Public Law 104-13 (44 U.S.C. 
3506(c)(2)(A)). Currently, the IRS is soliciting comments concerning 
Form 1065 (U.S. Return of Partnership Income), 1065X (Amended Return or 
Administrative Adjustment Request), Schedule C (Additional Information 
for Schedule M-3 Filers), Schedule D (Capital Gains and Losses), 
Schedule K-1 (Partner's Share of Income, Credits, Deductions and Other 
Items), Schedule L (Balance Sheets per Books), Schedule M-1 
(Reconciliation of Income (Loss) per Books With Income (Loss) per 
Return)), Schedule M-2 (Analysis of Partners' Capital Accounts), 
Schedule M-3 (Net Income (Loss) Reconciliation for Certain 
Partnerships), and Schedule B-1, Information on Partners Owning 50% or 
More of Partnerships).

DATES: Written comments should be received on or before June 6, 2014 to 
be assured of consideration.

ADDRESSES: Direct all written comments to Christie Preston, Internal 
Revenue Service, Room 6129, 1111 Constitution Avenue NW., Washington, 
DC 20224.

FOR FURTHER INFORMATION CONTACT: Requests for additional information or 
copies of the form(s) and instructions should be directed to Allan 
Hopkins, at Internal Revenue Service, Room 6129, 1111 Constitution 
Avenue NW., Washington DC 20224, or through the Internet, at 
Allan.M.Hopkins@irs.gov.

SUPPLEMENTARY INFORMATION:
    Title: Form 1065 (U.S. Return of Partnership Income), 1065X 
(Amended Return or Administrative Adjustment Request), Schedule C 
(Additional

[[Page 19174]]

Information for Schedule M-3 Filers), Schedule D (Capital Gains and 
Losses), Schedule K-1 (Partner's Share of Income, Credits, Deductions 
and Other Items), Schedule L (Balance Sheets per Books), Schedule M-1 
(Reconciliation of Income (Loss) per Books With Income (Loss) per 
Return)), Schedule M-2 (Analysis of Partners' Capital Accounts), 
Schedule M-3 (Net Income (Loss) Reconciliation for Certain 
Partnerships), and Schedule B-1, Information on Partners Owning 50% or 
More of Partnerships).
    OMB Number: 1545-0099.
    Form Number: 1065, 1065-X, Schedule C, Schedule D, Schedule K-1, 
Schedule L, Schedule M-1, Schedule M-2, Schedule M-3 and Schedule B-1.
    Abstract: Internal Revenue Code section 6031 requires partnerships 
to file returns that show gross income items, allowable deductions, 
partners' names, addresses, and distribution shares, and other 
information. This information is used by the IRS to verify correct 
reporting of partnership items and for general statistics. The 
information is used by partners to determine the income, loss, credits, 
etc., to report on their tax returns.
    Current Actions: There is no change in the paperwork burden 
previously approved by OMB. This form is being submitted for renewal 
purposes.
    Type of Review: Extension of a currently approved collection.
    Affected Public: Business or other for-profit organizations, farms, 
and individuals or households.
    Estimated Number of Respondents: 22,184,092.
    Estimated Time per Respondent: Varies.
    Estimated Total Annual Burden Hours: 2,127,889.
    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. 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 2, 2014.
Christie Preston,
IRS Reports Clearance Officer.
[FR Doc. 2014-07732 Filed 4-4-14; 8:45 am]
BILLING CODE 4830-01-P