Proposed Collection; Comment Request for Form 1099-LTC, 39014 [E5-3513]
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39014
Federal Register / Vol. 70, No. 128 / Wednesday, July 6, 2005 / Notices
Approved: June 23, 2005.
Glenn Kirkland,
IRS Reports Clearance Officer.
[FR Doc. E5–3512 Filed 7–5–05; 8:45 am]
BILLING CODE 4830–01–P
DEPARTMENT OF THE TREASURY
Internal Revenue Service
Proposed Collection; Comment
Request for Form 1099–LTC
Internal Revenue Service (IRS),
Treasury.
ACTION: Notice and request for
comments.
AGENCY:
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
1099–LTC, Long-term Care and
Accelerated Death Benefits.
DATES: Written comments should be
received on or before September 6,
2005, to be assured of consideration.
ADDRESSES: Direct all written comments
to Glenn Kirkland Internal Revenue
Service, room 6512, 1111 Constitution
Avenue NW., Washington, DC 20224.
FOR FURTHER INFORMATION CONTACT:
Requests for additional information or
copies of the form and instructions
should be directed to Larnice Mack at
Internal Revenue Service, room 6512,
1111 Constitution Avenue NW.,
Washington, DC 20224, or at (202) 622–
3179, or through the Internet at
(Larnice.Mack@irs.gov).
SUPPLEMENTARY INFORMATION:
Title: Long-Term Care and
Accelerated Death Benefits.
OMB Number: 1545–1519.
Form Number: 1099–LTC.
Abstract: Under the terms of Internal
Revenue Code sections 7702B and 101g,
qualified long-term care and accelerated
death benefits paid to chronically ill
individuals are treated as amounts
received for expenses incurred for
medical care. Amounts received on a
per diem basis in excess of $175 per day
are taxable. Code section 6050Q requires
all such amounts to be reported.
Current Actions: There are no changes
being made to form at this time.
Type of Review: Extension of a
currently approved collection.
VerDate jul<14>2003
16:35 Jul 05, 2005
Jkt 205001
Affected Public: Businesses or other
for-profit organizations, individuals or
households, not-for-profit institutions,
and state, local or tribal governments.
Estimated Number of Responses:
79,047.
Estimated Time Per Response: 14
minutes.
Estimated Total Annual Burden
Hours: 18,181.
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: June 27, 2005.
Glenn Kirkland,
IRS Reports Clearance Officer.
[FR Doc. E5–3513 Filed 7–5–05; 8:45 am]
BILLING CODE 4830–01–P
DEPARTMENT OF THE TREASURY
Internal Revenue Service
Proposed Collection; Comment
Request for Revenue Procedure 99–26
Internal Revenue Service (IRS),
Treasury.
ACTION: Notice and request for
comments.
AGENCY:
PO 00000
Frm 00153
Fmt 4703
Sfmt 4703
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
Revenue Procedure 99–26, Secured
Employee Benefits Settlement Initiative.
DATES: Written comments should be
received on or before September 6, 2005
to be assured of consideration.
ADDRESSES: Direct all written comments
to Glenn P. Kirkland, Internal Revenue
Service, room 6516, 1111 Constitution
Avenue NW., Washington, DC 20224.
FOR FURTHER INFORMATION CONTACT:
Requests for additional information or
copies of revenue procedure should be
directed to R. Joseph Durbala, (202)
622–3634, Internal Revenue Service,
room 6516, 1111 Constitution Avenue
NW., Washington, DC 20224, or through
the internet at RJoseph.Durbala@irs.gov.
SUPPLEMENTARY INFORMATION:
Title: Secured Employee Benefits
Settlement Initiative.
OMB Number: 1545–1653.
Revenue Procedure Number: Revenue
Procedure 99–26.
Abstract: Revenue Procedure 98–26
offers employers alternative 50 percent
settlement options to settle cases in
which they accelerated deductions for
accrued employee benefits secured by
letter of credit, bond, or other similar
financial instruments. The purpose of
this settlement initiative is to provide
options for taxpayers and the IRS to
expeditiously resolve these cases,
thereby avoiding litigation of the cases
in the future.
Current Actions: There are no changes
being made to the revenue procedure at
this time.
Type of Review: Extension of a
currently approved collection.
Affected Public: Business or other forprofit organizations.
Estimated Number of Respondents:
100.
Estimated Time Per Respondent: 20
hours.
Estimated Total Annual Burden
Hours: 2,000.
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.
E:\FR\FM\06JYN1.SGM
06JYN1
]]>Agencies
[Federal Register Volume 70, Number 128 (Wednesday, July 6, 2005)]
[Notices]
[Page 39014]
From the Federal Register Online via the Government Printing Office [www.gpo.gov]
[FR Doc No: E5-3513]
-----------------------------------------------------------------------
DEPARTMENT OF THE TREASURY
Internal Revenue Service
Proposed Collection; Comment Request for Form 1099-LTC
AGENCY: Internal Revenue Service (IRS), Treasury.
ACTION: Notice and request for comments.
-----------------------------------------------------------------------
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 1099-LTC, Long-term Care and Accelerated Death Benefits.
DATES: Written comments should be received on or before September 6,
2005, to be assured of consideration.
ADDRESSES: Direct all written comments to Glenn Kirkland Internal
Revenue Service, room 6512, 1111 Constitution Avenue NW., Washington,
DC 20224.
FOR FURTHER INFORMATION CONTACT: Requests for additional information or
copies of the form and instructions should be directed to Larnice Mack
at Internal Revenue Service, room 6512, 1111 Constitution Avenue NW.,
Washington, DC 20224, or at (202) 622-3179, or through the Internet at
(Larnice.Mack@irs.gov).
SUPPLEMENTARY INFORMATION:
Title: Long-Term Care and Accelerated Death Benefits.
OMB Number: 1545-1519.
Form Number: 1099-LTC.
Abstract: Under the terms of Internal Revenue Code sections 7702B
and 101g, qualified long-term care and accelerated death benefits paid
to chronically ill individuals are treated as amounts received for
expenses incurred for medical care. Amounts received on a per diem
basis in excess of $175 per day are taxable. Code section 6050Q
requires all such amounts to be reported.
Current Actions: There are no changes being made to form at this
time.
Type of Review: Extension of a currently approved collection.
Affected Public: Businesses or other for-profit organizations,
individuals or households, not-for-profit institutions, and state,
local or tribal governments.
Estimated Number of Responses: 79,047.
Estimated Time Per Response: 14 minutes.
Estimated Total Annual Burden Hours: 18,181.
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: June 27, 2005.
Glenn Kirkland,
IRS Reports Clearance Officer.
[FR Doc. E5-3513 Filed 7-5-05; 8:45 am]
BILLING CODE 4830-01-P
