Proposed Collection; Comment Request for Proceeds From Broker and Barter Exchange Transactions, Form 1099-B, 21459 [2017-09269]

Download as PDF Federal Register / Vol. 82, No. 87 / Monday, May 8, 2017 / Notices DEPARTMENT OF THE TREASURY Internal Revenue Service Proposed Collection; Comment Request for Proceeds From Broker and Barter Exchange Transactions, Form 1099–B 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. Currently, the IRS is soliciting comments concerning Form 1099–B, Proceeds From Broker and Barter Exchange Transactions. DATES: Written comments should be received on or before July 7, 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. Requests for additional information or copies of the form and instructions should be directed to Ralph Terry, at Internal Revenue Service, Room 6526, 1111 Constitution Avenue NW., Washington, DC 20224 or through the internet at Ralph.M.Terry@irs.gov. SUPPLEMENTARY INFORMATION: Title: Proceeds From Broker and Barter Exchange Transactions. OMB Number: 1545–0715. Form Number: Form 1099–B. Abstract: Internal Revenue Code section 6045 requires the filing of an information return by brokers to report the gross proceeds from transactions and by barter exchanges to report exchanges of property or services. Form 1099–B is used to report proceeds from these transactions to the Internal Revenue Service. Current Actions: There are changes in the paperwork burden previously approved by OMB. The addition of 4 items for responders to fill out has increased burden. Type of Review: Extension of a currently approved collection. Affected Public: Business or other forprofit organizations and individuals. Estimated Number of Responses: 1,434,809,803. asabaliauskas on DSK3SPTVN1PROD with NOTICES SUMMARY: VerDate Sep<11>2014 18:27 May 05, 2017 Jkt 241001 Estimated Time per Response: 28 minutes. Estimated Total Annual Burden Hours: 674,360,607. 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: April 24, 2017. Tuawana Pinkston, IRS Clearance Officer. [FR Doc. 2017–09269 Filed 5–5–17; 8:45 am] BILLING CODE 4830–01–P DEPARTMENT OF VETERANS AFFAIRS Advisory Committee on Prosthetics and Special-Disabilities Programs; Notice of Meeting The Department of Veterans Affairs (VA) gives notice under the Federal Advisory Committee Act, 5 U.S.C. App. 2, that a meeting of the Federal Advisory Committee on Prosthetics and Special-Disabilities Programs will be held on May 24–25, 2017, in Room 530 at VA Central Office, 810 Vermont PO 00000 Frm 00096 Fmt 4703 Sfmt 9990 21459 Avenue NW., Washington, DC 20420. The meeting will convene at 8:30 a.m. on both days, and will adjourn at 4:30 p.m. on May 24 and at 12 noon on May 25. This meeting is open to the public. The purpose of the Committee is to advise the Secretary of VA on VA’s prosthetics programs designed to provide state-of-the-art prosthetics and the associated rehabilitation research, development, and evaluation of such technology. The Committee also provides advice to the Secretary on special-disabilities programs, which are defined as any program administered by the Secretary to serve Veterans with spinal cord injuries, blindness or visual impairments, loss of extremities or loss of function, deafness or hearing impairment, and other serious incapacities in terms of daily life functions. On May 24, the Committee will receive briefings on the Spinal Cord Injury and Disorders; VA Eye Care (Optometry and Ophthalmology Services), Workforce Management, Women’s Health Services, and Caregiver Program and Community Care. On May 25, the Committee members will receive briefing from the Clinical Orthotists and Prosthetists and Physical Medicine and Rehabilitation, and Polytrauma System of Care. No time will be allocated for receiving oral presentations from the public; however, members of the public may direct questions or submit written statements for review by the Committee in advance of the meeting to Judy Schafer, Ph.D., Designated Federal Officer, Veterans Health Administration, Patient Care Services, Rehabilitation and Prosthetic Services (10P4R), VA, 810 Vermont Avenue NW., Washington, DC 20420, or by email at Judy.Schafer@ va.gov. Because the meeting is being held in a government building, a photo I.D. must be presented at the Guard’s Desk as a part of the clearance process. Therefore, you should allow an additional 30 minutes before the meeting begins. Any member of the public wishing to attend the meeting should contact Dr. Schafer at (202) 461– 7315. Dated: May 3, 2017. LaTonya L. Small, Federal Advisory Committee Management Officer. [FR Doc. 2017–09244 Filed 5–5–17; 8:45 am] BILLING CODE 8320–01–P E:\FR\FM\08MYN1.SGM 08MYN1

Agencies

[Federal Register Volume 82, Number 87 (Monday, May 8, 2017)]
[Notices]
[Page 21459]
From the Federal Register Online via the Government Publishing Office [www.gpo.gov]
[FR Doc No: 2017-09269]



[[Page 21459]]

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

DEPARTMENT OF THE TREASURY

Internal Revenue Service


Proposed Collection; Comment Request for Proceeds From Broker and 
Barter Exchange Transactions, Form 1099-B

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. Currently, the IRS is soliciting 
comments concerning Form 1099-B, Proceeds From Broker and Barter 
Exchange Transactions.

DATES: Written comments should be received on or before July 7, 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. Requests for additional information or copies of the form and 
instructions should be directed to Ralph Terry, at Internal Revenue 
Service, Room 6526, 1111 Constitution Avenue NW., Washington, DC 20224 
or through the internet at Ralph.M.Terry@irs.gov.

SUPPLEMENTARY INFORMATION:
    Title: Proceeds From Broker and Barter Exchange Transactions.
    OMB Number: 1545-0715.
    Form Number: Form 1099-B.
    Abstract: Internal Revenue Code section 6045 requires the filing of 
an information return by brokers to report the gross proceeds from 
transactions and by barter exchanges to report exchanges of property or 
services. Form 1099-B is used to report proceeds from these 
transactions to the Internal Revenue Service.
    Current Actions: There are changes in the paperwork burden 
previously approved by OMB. The addition of 4 items for responders to 
fill out has increased burden.
    Type of Review: Extension of a currently approved collection.
    Affected Public: Business or other for-profit organizations and 
individuals.
    Estimated Number of Responses: 1,434,809,803.
    Estimated Time per Response: 28 minutes.
    Estimated Total Annual Burden Hours: 674,360,607.
    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: April 24, 2017.
Tuawana Pinkston,
IRS Clearance Officer.
[FR Doc. 2017-09269 Filed 5-5-17; 8:45 am]
 BILLING CODE 4830-01-P
This site is protected by reCAPTCHA and the Google Privacy Policy and Terms of Service apply.