Proposed Collection; Comment Request for Form 1099-K; Correction, 7907 [2011-3043]

Download as PDF 7907 Federal Register / Vol. 76, No. 29 / Friday, February 11, 2011 / Notices required by the Paperwork Reduction Act of 1995, Public Law 104–13 (44 U.S.C. 3506(c)(2)(A)). DEPARTMENT OF THE TREASURY Internal Revenue Service Proposed Collection; Comment Request for Form 1099–K; Correction Internal Revenue Service (IRS), Treasury. ACTION: Correction to notice and request for comments. AGENCY: This document contains a correction to a notice and request for comments that was published in the Federal Register on Wednesday, January 26, 2011 at 76 FR 4744 inviting 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)) and as part of its continuing effort to reduce paperwork and respondent burden by the Department of the Treasury. Currently, the IRS is soliciting comments concerning Form 1099–K, Merchant Card and Third Party Payments. FOR FURTHER INFORMATION CONTACT: Requests for additional information or copies of the form and instructions should be directed to Ralph Terry at (202) 622–8144, or at Internal Revenue Service, room 6129, 1111 Constitution Avenue, NW., Washington, DC 20224, or through the Internet, at Ralph.M.Terry@irs.gov. SUPPLEMENTARY INFORMATION: SUMMARY: Background The notice and request for comments that is the subject of the correction is Need for Correction As published, the notice and request for comments for Proposed Collection; Comment Request for Form 1099–K contains an error that may prove to be misleading and is in need of clarification. Correction of Publication Accordingly, the publication of the notice and request for comments for Proposed Collection; Comment Request for Form 1099–K, which was the subject of FR Doc. 2011–1547, is corrected as follows: On page 4745, column 1, under the caption ‘‘SUPPLEMENTARY INFORMATION:’’, lines 5 thru 25, the language ‘‘Abstract: This is a new form is in response to section 102 of Public Law 111–147, the Hiring Incentives to Restore Employment (HIRE) Act. The form reflects a new non-Code general business credit for the retention of certain qualified individuals hired in 2010. The credit is first available for an employer’s income tax return with a tax year ending after 3/18/10 where new hired employees hired after 2/3/10 and before 1/1/11 worked not less 52 consecutive weeks where wages paid in last 26 weeks of employment were at least 80% of wages paid in first 26 weeks. These requirements are to be met before employer is legible for the lesser $1,000 or 6.2% of wages paid by the employer to the employee during the 52 consecutive week period of each qualified retained worker.’’ is removed and replaced with the language ‘‘Abstract: This is a new form is in response to section 3091(a) of Public Law 110–289, the Housing Assistance Tax Act of 2008 (Div. C of the housing and economic Recovery Act of 2010). The form reflects payments made in settlement of merchant card and third party network transactions for purchases of goods and/or services made with merchant cards and through third party networks.’’ in its place. LaNita Van Dyke, Chief, Publications and Regulations Branch, Legal Processing Division, Associate Chief Counsel, (Procedure and Administration). [FR Doc. 2011–3043 Filed 2–10–11; 8:45 am] BILLING CODE 4830–01–P DEPARTMENT OF THE TREASURY Internal Revenue Service Quarterly Publication of Individuals, Who Have Chosen To Expatriate, as Required by Section 6039G Internal Revenue Service (IRS), Treasury. AGENCY: ACTION: Notice. This notice is provided in accordance with IRC section 6039G, as amended, by the Health Insurance Portability and Accountability Act (HIPPA) of 1996. This listing contains the name of each individual losing their United States citizenship (within the meaning of section 877(a) or 877A) with respect to whom the Secretary received information during the quarter ending December 31, 2010. SUMMARY: jlentini on DSKJ8SOYB1PROD with NOTICES Last name First name ABE .................................................................................. ABEHSERA ...................................................................... ABEHSERA ...................................................................... ABEHSERA ...................................................................... ABEHSERA ...................................................................... ABEHSERA ...................................................................... ADDY ............................................................................... ADDY ............................................................................... ADVANI ............................................................................ AFFONSO ........................................................................ AFFONSO ........................................................................ AGATI ............................................................................... AHMED ............................................................................ AKOI ................................................................................. ALBRIGHT ....................................................................... AL-DOAISS ...................................................................... ALFONSO ........................................................................ ALLEN .............................................................................. AL-SABAH ........................................................................ AL-SABAH ........................................................................ AL-TURKI ......................................................................... ANDERSON ..................................................................... ANG .................................................................................. ANG .................................................................................. ANGKASA ........................................................................ ATSUSHI .......................................................................... ALBERT ........................................................................... AUDREY .......................................................................... JACQUES ........................................................................ MONIQUE ........................................................................ MURIEL ............................................................................ GILLIAN ........................................................................... PETER ............................................................................. SUNAINA ......................................................................... ANA .................................................................................. LUIZ ................................................................................. JEAN-PHILLIPPE ............................................................. JAVED .............................................................................. RAIDEV ............................................................................ PHILIP .............................................................................. SAMOH ............................................................................ JOSEPH ........................................................................... ANTHONY ........................................................................ HAMAD ............................................................................ NOOR .............................................................................. ALI .................................................................................... GWENDOLYN .................................................................. DAVID .............................................................................. JUSTIN ............................................................................. STANLEY ......................................................................... VerDate Mar<15>2010 18:55 Feb 10, 2011 Jkt 223001 PO 00000 Frm 00101 Fmt 4703 Sfmt 4703 E:\FR\FM\11FEN1.SGM Middle name/initials 11FEN1 D. C GUILHERME SINGH RUSSELL ANISS NICOLA SIMON MUBARAK MUBARAK ABDULAZIZ I. JIA-QIANG ZHE MIN

Agencies

[Federal Register Volume 76, Number 29 (Friday, February 11, 2011)]
[Notices]
[Page 7907]
From the Federal Register Online via the Government Printing Office [www.gpo.gov]
[FR Doc No: 2011-3043]



[[Page 7907]]

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DEPARTMENT OF THE TREASURY

Internal Revenue Service


Proposed Collection; Comment Request for Form 1099-K; Correction

AGENCY: Internal Revenue Service (IRS), Treasury.

ACTION: Correction to notice and request for comments.

-----------------------------------------------------------------------

SUMMARY: This document contains a correction to a notice and request 
for comments that was published in the Federal Register on Wednesday, 
January 26, 2011 at 76 FR 4744 inviting 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)) and 
as part of its continuing effort to reduce paperwork and respondent 
burden by the Department of the Treasury. Currently, the IRS is 
soliciting comments concerning Form 1099-K, Merchant Card and Third 
Party Payments.

FOR FURTHER INFORMATION CONTACT: Requests for additional information or 
copies of the form and instructions should be directed to Ralph Terry 
at (202) 622-8144, or at Internal Revenue Service, room 6129, 1111 
Constitution Avenue, NW., Washington, DC 20224, or through the 
Internet, at Ralph.M.Terry@irs.gov.

SUPPLEMENTARY INFORMATION:

Background

    The notice and request for comments that is the subject of the 
correction is required by the Paperwork Reduction Act of 1995, Public 
Law 104-13 (44 U.S.C. 3506(c)(2)(A)).

Need for Correction

    As published, the notice and request for comments for Proposed 
Collection; Comment Request for Form 1099-K contains an error that may 
prove to be misleading and is in need of clarification.

Correction of Publication

    Accordingly, the publication of the notice and request for comments 
for Proposed Collection; Comment Request for Form 1099-K, which was the 
subject of FR Doc. 2011-1547, is corrected as follows:
    On page 4745, column 1, under the caption ``SUPPLEMENTARY 
INFORMATION:'', lines 5 thru 25, the language ``Abstract: This is a new 
form is in response to section 102 of Public Law 111-147, the Hiring 
Incentives to Restore Employment (HIRE) Act. The form reflects a new 
non-Code general business credit for the retention of certain qualified 
individuals hired in 2010. The credit is first available for an 
employer's income tax return with a tax year ending after 3/18/10 where 
new hired employees hired after 2/3/10 and before 1/1/11 worked not 
less 52 consecutive weeks where wages paid in last 26 weeks of 
employment were at least 80% of wages paid in first 26 weeks. These 
requirements are to be met before employer is legible for the lesser 
$1,000 or 6.2% of wages paid by the employer to the employee during the 
52 consecutive week period of each qualified retained worker.'' is 
removed and replaced with the language ``Abstract: This is a new form 
is in response to section 3091(a) of Public Law 110-289, the Housing 
Assistance Tax Act of 2008 (Div. C of the housing and economic Recovery 
Act of 2010). The form reflects payments made in settlement of merchant 
card and third party network transactions for purchases of goods and/or 
services made with merchant cards and through third party networks.'' 
in its place.

LaNita Van Dyke,
Chief, Publications and Regulations Branch, Legal Processing Division, 
Associate Chief Counsel, (Procedure and Administration).
[FR Doc. 2011-3043 Filed 2-10-11; 8:45 am]
BILLING CODE 4830-01-P
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