Proposed Collection; Comment for Electronic Filing of Employment Tax Family (94x) Returns, 12062-12063 [2015-05104]
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Federal Register / Vol. 80, No. 43 / Thursday, March 5, 2015 / Notices
2014 in Washington, DC. During these
workshops, representatives of the CDFI
Bond Guarantee Program met with
potential applicants regarding the FY
2013 Qualified Issuer and Guarantee
Application requirements. Specifically,
the workshops explored the financial
structure of the program, including roles
of the Qualified Issuer, Program
Administrator, and Servicer; reporting
requirements; and compliance-related
activities. Although participants in
these workshops expressed overall
enthusiasm and support for conforming
to the CDFI Fund’s reporting process,
they noted a lack of substantive data in
this area and recommended that the
CDFI Fund describe and specify its postissuance information collection
practices for the CDFI Bond Guarantee
Program.
In compliance with OMB Circular A–
129, the CDFI Bond Guarantee Program
will collect all necessary information to
manage the portfolio effectively and
track progress towards policy goals. The
proposed reporting form will add
significantly to the Department of the
Treasury’s review and impact analysis
on the use of Bond Proceeds in
underserved communities and support
the CDFI Fund in proactively managing
portfolio risks and performance. Risk
detection and mitigation are crucial
activities for the long-term operation
and viability of the CDFI Bond
Guarantee Program. The Department of
the Treasury’s authority to collect this
information and the specified data
collection areas and parameters are
consistent with the annual and periodic
financial reporting requirements for the
CDFI Bond Guarantee Program as
defined in 12 CFR 1808.619.
The CDFI Fund currently utilizes its
Community Investment Impact System
(CIIS), which collects data from CDFIs
that have received monetary awards
from the CDFI Fund through several of
its other programs. CDFI Program and
Native American CDFI Assistance
Program (NACA Program) awardees are
required to report total portfolio and
financial data for three years. However,
there is no standardized data on the full
universe of Certified CDFIs, especially
unregulated loan funds that do not have
award reporting history. Moreover, nonregulated Certified CDFIs frequently
utilize disparate accounting
methodologies and report certain data
points, such as borrower defaults and
delinquencies, in ways that are difficult
to compare across organizations.
Nonprofit Certified CDFIs are yet more
difficult to compare due to the variety
of reporting options available to
nonprofit institutions under generally
accepted accounting principles. This
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19:28 Mar 04, 2015
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report, in addition to the previously
proposed reports of the CDFI Bond
Guarantee Program, addresses this
challenge in standardized data
collection and allows Certified CDFIs to:
(i) Demonstrate the ability to deploy
long-term debt successfully with
reporting requirements similar to those
required of regulated financial
institutions; (ii) provide a mechanism
for accurately assessing Certified CDFI
credit risk; and (iii) provide capital
markets with a record of
accomplishment on which to base
future lending and investment.
Current Actions: New Collection.
Type of Review: Regular Review.
Affected Public: Certified CDFIs and
Qualified Issuers.
Estimated Number Certified CDFI
Respondents: 10.
Estimated Annual Time per Certified
CDFI Respondent: 25 hours.
Estimated Number of Qualified Issuer
Respondents: 10.
Estimated Annual Time per Qualified
Issuer Respondent: 50 hours.
Estimated Total Annual Burden
Hours: 750 hours.
Requests for Comments: Comments
submitted in response to this notice will
be summarized and/or included in the
request for Office of Management and
Budget approval. All comments will
become a matter of public record and
may be published on the CDFI Fund
Web site at https://www.cdfifund.gov.
Comments are invited on: (a) Whether
the collection of information is
consistent with the stated background
and proposed use necessary for the
proper performance of the functions of
the CDFI Fund; (b) the accuracy of the
CDFI Fund’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 technology; and (e) estimates of
operational or maintenance costs to
provide information.
The CDFI Fund specifically requests
comments concerning the following
questions:
(1) Will the annual assessment be
effective in evaluating Qualified Issuers
or are there other alternatives by which
Qualified Issuers could be assessed?
(2) Should Qualified Issuers have the
ability to conduct the annual assessment
for Eligible CDFIs, provided that they
have the appropriate qualifications?
(3) Is there additional information or
instruction that the CDFI Fund can
provide to clarify the expectations
associated with the annual assessment
evaluation?
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(4) What are the appropriate steps for
the CDFI Fund to take in the event that
the annual assessment completed by the
third party vendor fails to adequately
evaluate a participant’s performance on
the expected criteria?
Authority: 12 CFR 1808.
Dated: February 26, 2015.
Annie Donovan,
Director, Community Development Financial
Institutions Fund.
[FR Doc. 2015–05057 Filed 3–4–15; 8:45 am]
BILLING CODE 4810–70–P
DEPARTMENT OF THE TREASURY
Internal Revenue Service
Proposed Collection; Comment for
Electronic Filing of Employment Tax
Family (94x) Returns
Internal Revenue Service (IRS),
Treasury.
ACTION: Notice of inquiry, 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 a free
option for 94x filers.
DATES: Written comments should be
received on or before May 4, 2015 to be
assured of consideration.
ADDRESSES: Direct all electronic
comments to wi.94x.efile@irs.gov or
written comments to Internal Revenue
Service, SE:W:CAS:SP:IS, 5000 Ellin
Road, C4–223, Lanham, MD 20706.
Please include the Federal Register
Document number (FR Doc. 2015–
xxxxx) in the subject line of your email
or correspondence.
SUPPLEMENTARY INFORMATION:
Title: Ways to increase the electronic
filing of employment tax returns,
specifically as it relates to a free option
for filers.
Abstract: IRS Strategic Plan FY 2014–
2017 is to ‘‘Expand the availability of
electronic filing and provide easily
accessible payment tools for all
taxpayers.’’ The IRS performance goal is
to increase the e-file rate for business
returns from 40 percent to 50 percent by
2017. However the percentage of
employment tax returns filed
electronically remains below the overall
SUMMARY:
E:\FR\FM\05MRN1.SGM
05MRN1
Federal Register / Vol. 80, No. 43 / Thursday, March 5, 2015 / Notices
mstockstill on DSK4VPTVN1PROD with NOTICES
business and tax-exempt organization
average, with an e-file rate of
approximately 31 percent.
The gap between the e-file rates for
employment tax returns and all other
returns allows a focus on employment
tax returns to provide measurable
growth in the overall rate for electronic
filing. Potential approaches to increase
electronic filing of employment tax
returns are found in existing rules
governing individual and business
returns, and in recent successes for
individual e-filing mandates.
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) What do you, your business, or
agency see as the main advantages and
disadvantages to employers to e-file
employment tax returns through a free
online filing option offered through a
public-private partnership; of the free
online filing capability?
(b) The circumstances under which
employers currently mailing in
employment tax returns might utilize a
free online filing option offered through
a public-private partnership;
(c) The circumstances under which
employers currently e-filing
employment tax returns or their tax
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19:28 Mar 04, 2015
Jkt 235001
professionals might utilize a free online
filing option offered through a publicprivate partnership;
(d) The best way to market a free
online filing option to employers and
their tax professionals to increase the
electronic filing of employment tax
returns;
(e) The circumstances under which
companies that currently offer
electronic filing of employment tax
returns or those capable of developing a
free online filing option for employment
tax returns might participate in a publicprivate partnership to offer free online
filing;
(f) The support needed from IRS by
companies participating in a publicprivate partnership to offer free online
filing of employment tax returns;
(g) The need to exclude certain
employers from participation in a free
online filing option for employment tax
returns, such as based on an employer’s
total payroll, total number of employees,
total assets, or types of business;
(h) Any and all products and services
other than free online filing of
employment tax returns that companies
participating in a public-private
partnership would want to offer (for
profit or not for profit) to employers
using the free online filing option;
(i) Any uses of information that
companies participating in a publicprivate partnership to offer free online
filing of employment tax returns would
need to require from employers in order
to participate in a public-private
partnership;
(j) Any advantages from being
identified as an IRS e-file Partner on the
IRS Web site and any impact on these
advantages from a public-private
partnership to offer free online filing of
employment tax returns;
(k) Any advantages, disadvantages, or
preferences for IRS creating its own free
online filing portal for employment tax
returns on IRS.gov without a publicprivate partnership;
PO 00000
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12063
(l) The importance of implementing
any of these proposals for employment
tax reporting by 2016, 2017, or another
date;
(m) The burdens of requiring
employers to file all employment tax
returns electronically;
(n) The burdens of requiring only paid
preparers of employment tax returns to
file the returns electronically; and
(o) The need to except certain
taxpayers or tax professionals from any
e-file mandate for employment tax
returns.
Dated: February 27, 2015.
Robert J. Bedoya,
Director, e-File Services.
[FR Doc. 2015–05104 Filed 3–4–15; 8:45 am]
BILLING CODE 4830–01–P
DEPARTMENT OF VETERANS
AFFAIRS
Advisory Committee on Disability
Compensation; Notice of Meeting
Cancellation
Department of Veterans Affairs.
The Department of Veterans Affairs
gives notice under the Federal Advisory
Committee Act, 5 U.S.C. App. 2, that the
meeting of the Advisory Committee on
Disability Compensation, previously
scheduled to be held at the Department
of Veterans Affairs, 1800 G Street NW.,
Washington, DC 20006, on March 9–11,
2015, has been cancelled.
For more information, please contact
Ms. Nancy Copeland, Designated
Federal Officer at (202) 461–9684 or via
email at Nancy.Copeland@va.gov.
AGENCY:
Dated: March 3, 2015.
Michael Shores,
Regulation Policy and Management, Office
of General Counsel.
[FR Doc. 2015–05213 Filed 3–4–15; 8:45 am]
BILLING CODE 8320–01–P
E:\FR\FM\05MRN1.SGM
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]]>Agencies
[Federal Register Volume 80, Number 43 (Thursday, March 5, 2015)]
[Notices]
[Pages 12062-12063]
From the Federal Register Online via the Government Printing Office [www.gpo.gov]
[FR Doc No: 2015-05104]
-----------------------------------------------------------------------
DEPARTMENT OF THE TREASURY
Internal Revenue Service
Proposed Collection; Comment for Electronic Filing of Employment
Tax Family (94x) Returns
AGENCY: Internal Revenue Service (IRS), Treasury.
ACTION: Notice of inquiry, 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 a
free option for 94x filers.
DATES: Written comments should be received on or before May 4, 2015 to
be assured of consideration.
ADDRESSES: Direct all electronic comments to wi.94x.efile@irs.gov or
written comments to Internal Revenue Service, SE:W:CAS:SP:IS, 5000
Ellin Road, C4-223, Lanham, MD 20706. Please include the Federal
Register Document number (FR Doc. 2015-xxxxx) in the subject line of
your email or correspondence.
SUPPLEMENTARY INFORMATION:
Title: Ways to increase the electronic filing of employment tax
returns, specifically as it relates to a free option for filers.
Abstract: IRS Strategic Plan FY 2014-2017 is to ``Expand the
availability of electronic filing and provide easily accessible payment
tools for all taxpayers.'' The IRS performance goal is to increase the
e-file rate for business returns from 40 percent to 50 percent by 2017.
However the percentage of employment tax returns filed electronically
remains below the overall
[[Page 12063]]
business and tax-exempt organization average, with an e-file rate of
approximately 31 percent.
The gap between the e-file rates for employment tax returns and all
other returns allows a focus on employment tax returns to provide
measurable growth in the overall rate for electronic filing. Potential
approaches to increase electronic filing of employment tax returns are
found in existing rules governing individual and business returns, and
in recent successes for individual e-filing mandates.
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) What do you, your business, or agency see as the main
advantages and disadvantages to employers to e-file employment tax
returns through a free online filing option offered through a public-
private partnership; of the free online filing capability?
(b) The circumstances under which employers currently mailing in
employment tax returns might utilize a free online filing option
offered through a public-private partnership;
(c) The circumstances under which employers currently e-filing
employment tax returns or their tax professionals might utilize a free
online filing option offered through a public-private partnership;
(d) The best way to market a free online filing option to employers
and their tax professionals to increase the electronic filing of
employment tax returns;
(e) The circumstances under which companies that currently offer
electronic filing of employment tax returns or those capable of
developing a free online filing option for employment tax returns might
participate in a public-private partnership to offer free online
filing;
(f) The support needed from IRS by companies participating in a
public-private partnership to offer free online filing of employment
tax returns;
(g) The need to exclude certain employers from participation in a
free online filing option for employment tax returns, such as based on
an employer's total payroll, total number of employees, total assets,
or types of business;
(h) Any and all products and services other than free online filing
of employment tax returns that companies participating in a public-
private partnership would want to offer (for profit or not for profit)
to employers using the free online filing option;
(i) Any uses of information that companies participating in a
public-private partnership to offer free online filing of employment
tax returns would need to require from employers in order to
participate in a public-private partnership;
(j) Any advantages from being identified as an IRS e-file Partner
on the IRS Web site and any impact on these advantages from a public-
private partnership to offer free online filing of employment tax
returns;
(k) Any advantages, disadvantages, or preferences for IRS creating
its own free online filing portal for employment tax returns on IRS.gov
without a public-private partnership;
(l) The importance of implementing any of these proposals for
employment tax reporting by 2016, 2017, or another date;
(m) The burdens of requiring employers to file all employment tax
returns electronically;
(n) The burdens of requiring only paid preparers of employment tax
returns to file the returns electronically; and
(o) The need to except certain taxpayers or tax professionals from
any e-file mandate for employment tax returns.
Dated: February 27, 2015.
Robert J. Bedoya,
Director, e-File Services.
[FR Doc. 2015-05104 Filed 3-4-15; 8:45 am]
BILLING CODE 4830-01-P
