Proposed Collection; Comment Request for Form 1099-C, 38669-38670 [2014-15894]
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tkelley on DSK3SPTVN1PROD with NOTICES
Federal Register / Vol. 79, No. 130 / Tuesday, July 8, 2014 / Notices
Reserve Bank of New York, 33 Liberty
Street, New York, NY 10045. The
meeting will be open to the public via
live webcast at https://www.treasury.gov/
ofr. A limited number of seats will be
available for those interested in
attending the meeting in person, and
those seats would be on a first-come,
first-served basis. Because the meeting
will be held in a secured facility,
members of the public who plan to
attend the meeting must contact the
OFR by email at andrea.b.ianniello@
treasury.gov by 5 p.m. Eastern Time on
July 17, 2014 to inform the OFR of their
desire to attend the meeting and to
receive further instructions about
building clearance.
FOR FURTHER INFORMATION CONTACT:
Andrea Ianniello, Designated Federal
Officer, Office of Financial Research,
Department of the Treasury, 1500
Pennsylvania Avenue NW., Washington,
DC 20220, (202) 622–3002 (this is not a
toll-free number), andrea.b.ianniello@
treasury.gov. Persons who have
difficulty hearing or speaking may
access this number via TTY by calling
the toll-free Federal Relay Service at
800–877–8339.
SUPPLEMENTARY INFORMATION: Notice of
this meeting is provided in accordance
with the Federal Advisory Committee
Act, 5 U.S.C. App. 2, 10(a)(2), through
implementing regulations at 41 CFR
102–3.150, et seq.
Public Comment: Members of the
public wishing to comment on the
business of the Financial Research
Advisory Committee are invited to
submit written statements by any of the
following methods:
• Electronic Statements. Email the
Committee’s Designated Federal Officer
at andrea.b.ianniello@treasury.gov.
• Paper Statements. Send paper
statements in triplicate to the Financial
Research Advisory Committee, Attn:
Andrea Ianniello, Office of Financial
Research, Department of the Treasury,
1500 Pennsylvania Avenue NW.,
Washington, DC 20220.
The OFR will post statements on the
Committee’s Web site, https://
www.treasury.gov/initiatives/ofr/about/
Pages/Financial-Research-AdvisoryCommittee.aspx, including any business
or personal information provided, such
as names, addresses, email addresses, or
telephone numbers. The OFR will also
make such statements available for
public inspection and copying in the
Department of the Treasury’s library,
Annex Room 1020, 1500 Pennsylvania
Avenue NW., Washington, DC 20220 on
official business days between the hours
of 8:30 a.m. and 5:30 p.m. Eastern Time.
You may make an appointment to
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16:48 Jul 07, 2014
Jkt 232001
inspect statements by telephoning (202)
622–0990. All statements, including
attachments and other supporting
materials, will be part of the public
record and subject to public disclosure.
You should submit only information
that you wish to make available
publicly.
Tentative Agenda/Topics for
Discussion: The Committee provides an
opportunity for researchers, industry
leaders, and other qualified individuals
to offer their advice and
recommendations to the OFR, which,
among other things, is responsible for
collecting and standardizing data on
financial institutions and their activities
and for supporting the work of Financial
Stability Oversight Council.
This is the fourth meeting of the
Financial Research Advisory
Committee. At this meeting, new
Committee members will be introduced
and briefed on the Committee
operations. Topics to be discussed
among all members will include OFR
progress on prior Committee
recommendations, current activities of
the OFR, Subcommittee reports to the
Committee, and Committee
recommendations. For more information
on the OFR and the Committee, please
visit the OFR Web site at https://
www.treasury.gov/ofr.
Dated: July 1, 2014.
Barbara Shycoff,
Chief of External Affairs.
[FR Doc. 2014–15918 Filed 7–7–14; 8:45 am]
BILLING CODE 4810–25–P
DEPARTMENT OF THE TREASURY
Internal Revenue Service
Proposed Collection; Comment
Request for Form 1099–C
Internal Revenue Service (IRS),
Treasury.
ACTION: Notice and request for
comments.
AGENCY:
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
cancellation of debt.
DATES: Written comments should be
received on or before September 8, 2014
to be assured of consideration.
SUMMARY:
PO 00000
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Fmt 4703
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38669
Direct all written comments
to R. Joseph Durbala, 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 and instructions
should be directed to Gerald J. Shields,
LL.M. at Internal Revenue Service,
Room 6129, 1111 Constitution Avenue
NW., Washington, DC 20224 or through
the Internet at Gerald.J.Shields@irs.gov.
SUPPLEMENTARY INFORMATION: Title:
Cancellation of Debt.
OMB Number: 1545–1424.
Form Number: 1099–C.
Abstract: Form 1099–C is used by
Federal government agencies, financial
institutions, and credit unions to report
the cancellation or forgiveness of a debt
of $600 or more, as required by section
6050P of the Internal Revenue Code.
The IRS uses the form to verify
compliance with the reporting rules and
to verify that the debtor has included
the proper amount of canceled debt in
income on his or her income tax return.
Current Actions: There are no major
changes being made to the form at this
time.
Type of Review: Extension of a
currently approved collection.
Affected Public: Business or other forprofit organizations, not-for-profit
institutions, and the Federal
government.
Estimated Number of Responses:
3,885,872.
Estimated Time Per Response: 13 min.
Estimated Total Annual Burden
Hours: 854,892.
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
ADDRESSES:
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38670
Federal Register / Vol. 79, No. 130 / Tuesday, July 8, 2014 / Notices
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 25, 2014.
R. Joseph Durbala,
IRS Reports Clearance Officer.
[FR Doc. 2014–15894 Filed 7–7–14; 8:45 am]
BILLING CODE 4830–01–P
DEPARTMENT OF THE TREASURY
Internal Revenue Service
Proposed Collection; Comment
Request for Form 8453–EMP, Form
8453–F, Form 8453–FE, Form 8879–F,
and 8879–EMP
Internal Revenue Service (IRS),
Treasury.
ACTION: Notice and request for
comments.
AGENCY:
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
8453–F, U.S. Estate of Trust Income Tax
Declaration and Signature for Electronic
and Magnetic Made Filing; Form 8453–
FE, U.S. Estate or Trust Declaration and
Signature for an IRS e-file Return; Form
8453–EMP, Employment Tax
Declaration for an IRS e-file Return;
Form 8879–EMP, IRS e-file Signature
Authorization for Forms 940, 941, 941–
PR, 941–SS, 943, 943–PR, 944, and 945;
and Form 8879–F, IRS e-file Signature
Authorization for Form 1041.
DATES: Written comments should be
received on or before September 8, 2014
to be assured of consideration.
ADDRESSES: Direct all written comments
to R. Joseph Durbala, 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 and instructions
should be directed to Gerald J. Shields,
tkelley on DSK3SPTVN1PROD with NOTICES
SUMMARY:
VerDate Mar<15>2010
16:48 Jul 07, 2014
Jkt 232001
LL.M., Internal Revenue Service, Room
6129, 1111 Constitution Avenue NW.,
Washington, DC 20224 or through the
internet at Gerald.J.Shields@irs.gov.
SUPPLEMENTARY INFORMATION:
Title: Employment Tax Declaration for
an IRS e-file Return.
OMB Number: 1545–0967.
Form Numbers: 8453–EMP.
Abstract: This process would allow
CI, Exam, Audit, and other IRS
employees’ immediate access to the
signature document (tax return), instead
of submitting a manual request for the
document and waiting for someone to
manually search, find, and copy/fax/
mail the document to them. Data will be
used to verify and affirm the 94X series
of forms (excluding the amended series
of returns) taxpayer’s signature. The
expected respondents will be taxpayers,
who file a 94X series of form.
Title: U.S. Estate of Trust Income Tax
Declaration and Signature for Electronic
and Magnetic Media Filing.
OMB Number: 1545–0967.
Form Numbers: 8453–F.
Abstract: This form is used to secure
taxpayer signatures and declarations in
conjunction with electronic or magnetic
media filing of trust and fiduciary
income tax returns, Form 8453–F,
together with the electronic or magnetic
media transmission, will comprise the
taxpayer’s income tax return (Form
1041).
Title: U.S. Estate or Trust Declaration
and Signature for an IRS e-File Return.
OMB Number: 1545–0967.
Form Numbers: 8453–FE.
Abstract: This is a new form for the
SB/SE division of the IRS. It is very
similar to existing IRS Form 8453–F,
U.S. Estate or Trust Income Tax
Declaration and Signature for Electronic
Filing. This form will only be used as
a signature letter to Form 1041.
This new form was requested by the
Mod-E file division of the IRS, and
approved by the SB/SE. It is used as an
electronic signature letter for Form
1041, whenever Form 1041 is filed
electronically. Form 8453–FE is
associated with E-file, while Form
8453–F is associated with Legacy. For
2013, both forms will be used. However,
in the future, Form 8453–F will be
retired when Legacy is no longer used
by the IRS. The authorizing statute is 26
USC Section 7502, Electronic Filing.
Title: IRS e-file Signature
Authorization for Form 1041.
OMB Number: 1545–0967.
Form Number: 8879–F.
Abstract: This form has been created
to provide e-file signature authorization
for Form 1041 to foster IRS policy
promoting e-filing of returns. The form
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Frm 00189
Fmt 4703
Sfmt 4703
is necessary to support modernized efile initiatives. This form will reduce
paper processing and handling of forms
1041, schedule K–1 (Form 1041), and
related forms and schedules.
Title: IRS e-file Signature
Authorization for Forms 940, 941, 941–
PR, 941–SS, 943, 943–PR, 944, and 945.
OMB Number: 1545–0967.
Form Number: 8879–EMP.
Abstract: This process would allow
CI, Exam, Audit, and other IRS
employees’ immediate access to the
signature document (tax return), instead
of submitting a manual request for the
document and waiting for someone to
manually search, find, and copy/fax/
mail the document to them. Data will be
used to verify and affirm the 94X series
of Forms (excluding the amended series
of returns) taxpayer’s signature. Form
8879–EMP will enable an ERO to file
and sign electronically.
Current Actions: There are changes
being made to the information
collection at this time.
Type of Review: Revision of a
currently approved collection.
Affected Public: Business or other forprofit organizations, and individuals, or
households.
Estimated Number of Respondents:
21,001,881.
Estimated Time per Respondent: 2
hours and 34 minutes.
Estimated Total Annual Burden
Hours: 53,784,707.
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
E:\FR\FM\08JYN1.SGM
08JYN1
]]>Agencies
[Federal Register Volume 79, Number 130 (Tuesday, July 8, 2014)]
[Notices]
[Pages 38669-38670]
From the Federal Register Online via the Government Printing Office [www.gpo.gov]
[FR Doc No: 2014-15894]
-----------------------------------------------------------------------
DEPARTMENT OF THE TREASURY
Internal Revenue Service
Proposed Collection; Comment Request for Form 1099-C
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
cancellation of debt.
DATES: Written comments should be received on or before September 8,
2014 to be assured of consideration.
ADDRESSES: Direct all written comments to R. Joseph Durbala, 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 and instructions should be directed to Gerald J.
Shields, LL.M. at Internal Revenue Service, Room 6129, 1111
Constitution Avenue NW., Washington, DC 20224 or through the Internet
at Gerald.J.Shields@irs.gov.
SUPPLEMENTARY INFORMATION: Title: Cancellation of Debt.
OMB Number: 1545-1424.
Form Number: 1099-C.
Abstract: Form 1099-C is used by Federal government agencies,
financial institutions, and credit unions to report the cancellation or
forgiveness of a debt of $600 or more, as required by section 6050P of
the Internal Revenue Code. The IRS uses the form to verify compliance
with the reporting rules and to verify that the debtor has included the
proper amount of canceled debt in income on his or her income tax
return.
Current Actions: There are no major changes being made to the form
at this time.
Type of Review: Extension of a currently approved collection.
Affected Public: Business or other for-profit organizations, not-
for-profit institutions, and the Federal government.
Estimated Number of Responses: 3,885,872.
Estimated Time Per Response: 13 min.
Estimated Total Annual Burden Hours: 854,892.
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
[[Page 38670]]
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 25, 2014.
R. Joseph Durbala,
IRS Reports Clearance Officer.
[FR Doc. 2014-15894 Filed 7-7-14; 8:45 am]
BILLING CODE 4830-01-P
