Proposed Collection; Comment Request for Regulation Project, 24509 [2014-09800]

Agencies

• Internal Revenue Service
• DEPARTMENT OF THE TREASURY

[Federal Register Volume 79, Number 83 (Wednesday, April 30, 2014)]
[Notices]
[Page 24509]
From the Federal Register Online via the Government Printing Office [www.gpo.gov]
[FR Doc No: 2014-09800]



[[Page 24509]]

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DEPARTMENT OF THE TREASURY

Internal Revenue Service

[(REG-140280-09) (T.D. 9570)]


Proposed Collection; Comment Request for Regulation Project

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 an 
existing final regulation, REG-140280-09 (TD 9570), Tax Return Preparer 
Penalties Under Section 6695.

DATES: Written comments should be received on or before June 30, 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 copies of the regulation 
should be directed to Sara Covington at Internal Revenue Service, Room 
6129, 1111 Constitution Avenue NW., Washington, DC 20224, or through 
the Internet, at sara.l.covington@irs.gov.

SUPPLEMENTARY INFORMATION:
    Title: Tax Return Preparer Penalties Under Section 6695.
    OMB Number: 1545-1570.
    Regulation Project Number: REG-140280-09 (T.D. 9570).
    Abstract: Income tax return prepares who satisfy the due diligence 
requirements in this regulation will avoid the imposition of the 
penalty section 6695(g) of the Internal Revenue Code for returns or 
claims for refund due after December 31, 1997. The due diligence 
requirements include soliciting the information necessary to determine 
a taxpayer's eligibility for, and amount of, the Earned Income Tax 
Credit and the retention of this information.
    Current Actions: There are no changes being made to this existing 
regulation.
    Type of Review: Extension of a currently approved collection.
    Affected Public: Business or other for-profit.
    Estimated Number of Respondents: 550,000.
    Estimated Time per Respondent: 5 hours, 30 minutes.
    Estimated Total Annual Burden Hours: 3,025,000.
    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 15, 2014.
Allan Hopkins,
IRS Tax Analyst.
[FR Doc. 2014-09800 Filed 4-29-14; 8:45 am]
BILLING CODE 4830-01-P