Proposed Collection; Comment Request for Form 1098-E, 79096 [2016-27104]
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Federal Register / Vol. 81, No. 218 / Thursday, November 10, 2016 / Notices
DEPARTMENT OF THE TREASURY
Internal Revenue Service
Proposed Collection; Comment
Request for Form 1098–E
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
1098–E, Student Loan Interest
Statement.
SUMMARY:
Written comments should be
received on or before January 9, 2017 to
be assured of consideration.
ADDRESSES: Direct all written comments
to Tuawana Pinkston, Internal Revenue
Service, Room 6526, 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 LaNita Van Dyke,
at Internal Revenue Service, Room 6526,
1111 Constitution Avenue NW.,
Washington, DC 20224, or through the
internet, at Lanita.VanDyke@irs.gov.
SUPPLEMENTARY INFORMATION:
Title: Student Loan Interest
Statement.
OMB Number: 1545–1576.
Form Number: Form 1098–E.
Abstract: Section 6050S(b)(2) of the
Internal Revenue Code requires persons
(financial institutions, governmental
units, etc.) to report $600 or more of
interest paid on student loans to the IRS
and the students. Form 1098–E is used
for this purpose.
Current Actions: There are no 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 State, local or tribal
governments.
Estimated Number of Respondents:
8,761,303.
Estimated Time per Respondent: 7
min.
Estimated Total Annual Burden
Hours: 1,051,357.
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DATES:
VerDate Sep<11>2014
17:46 Nov 09, 2016
Jkt 241001
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: November 1, 2016,
Tuawana Pinkston,
Supervisory Tax Analyst.
[FR Doc. 2016–27104 Filed 11–9–16; 8:45 am]
BILLING CODE 4830–01–P
DEPARTMENT OF THE TREASURY
Internal Revenue Service
Proposed Collection; Comment
Request for Revenue Procedure 2016–
47
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.
SUMMARY:
PO 00000
Frm 00130
Fmt 4703
Sfmt 4703
3506(c)(2)(A)). Currently, the IRS is
soliciting comments concerning
Revenue Procedure 2016–47, Waiver of
60-Day Rollover Requirement.
DATES: Written comments should be
received on or before January 9, 2017 to
be assured of consideration.
ADDRESSES: Direct all written comments
to Tuawana Pinkston, Internal Revenue
Service, Room 6526, 1111 Constitution
Avenue NW., Washington, DC 20224.
FOR FURTHER INFORMATION CONTACT:
Requests for additional information or
copies of the revenue procedure should
be directed to Kerry Dennis, at Internal
Revenue Service, Room 6526, 1111
Constitution Avenue NW., Washington
DC 20224, or through the Internet, at
Kerry.Dennis@irs.gov.
SUPPLEMENTARY INFORMATION:
Title: Waiver of 60-Day Rollover
Requirement.
OMB Number: 1545–2269.
Revenue Procedure Number: Revenue
Procedure 2016–47.
Abstract: Revenue Procedure 2016–47
describes a program for self-certification
by taxpayers who missed the 60-day
statutory requirement for making a
rollover contribution to a qualified plan
or individual retirement arrangement
(IRA). Upon receipt of a selfcertification, a plan administrator of IRA
trustee may accept the contribution and
treat it as having satisfied the
requirements for a waiver of the 60-day
requirement. Currently, the only way for
a taxpayer to obtain a waiver of the 60day requirement is to apply to the
Internal Revenue Service (IRS) for a
favorable ruling, which is issued by the
Tax Exempt and Government Entities
Division (TE/GE). The fee for a ruling is
$10,000. The program outlined in this
revenue procedure permits taxpayers to
receive the benefits of a waiver without
paying a user fee.
Current Actions: Extension of a
currently approved collection.
Affected Public: Individuals or
Households.
Estimated Number of Respondents:
150.
Estimated Time per Respondent: 3
hours.
Estimated Total Annual Burden
Hours: 450.
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
E:\FR\FM\10NON1.SGM
10NON1
]]>Agencies
[Federal Register Volume 81, Number 218 (Thursday, November 10, 2016)]
[Notices]
[Page 79096]
From the Federal Register Online via the Government Publishing Office [www.gpo.gov]
[FR Doc No: 2016-27104]
[[Page 79096]]
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DEPARTMENT OF THE TREASURY
Internal Revenue Service
Proposed Collection; Comment Request for Form 1098-E
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 1098-E, Student Loan Interest Statement.
DATES: Written comments should be received on or before January 9, 2017
to be assured of consideration.
ADDRESSES: Direct all written comments to Tuawana Pinkston, Internal
Revenue Service, Room 6526, 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 LaNita Van
Dyke, at Internal Revenue Service, Room 6526, 1111 Constitution Avenue
NW., Washington, DC 20224, or through the internet, at
Lanita.VanDyke@irs.gov.
SUPPLEMENTARY INFORMATION:
Title: Student Loan Interest Statement.
OMB Number: 1545-1576.
Form Number: Form 1098-E.
Abstract: Section 6050S(b)(2) of the Internal Revenue Code requires
persons (financial institutions, governmental units, etc.) to report
$600 or more of interest paid on student loans to the IRS and the
students. Form 1098-E is used for this purpose.
Current Actions: There are no 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 State, local or tribal governments.
Estimated Number of Respondents: 8,761,303.
Estimated Time per Respondent: 7 min.
Estimated Total Annual Burden Hours: 1,051,357.
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: November 1, 2016,
Tuawana Pinkston,
Supervisory Tax Analyst.
[FR Doc. 2016-27104 Filed 11-9-16; 8:45 am]
BILLING CODE 4830-01-P
