Proposed Collection; Comment Request for Forms 3921 and 3922 and TD 9470, 55714-55715 [2017-25300]

Agencies

• Internal Revenue Service
• DEPARTMENT OF THE TREASURY

[Federal Register Volume 82, Number 224 (Wednesday, November 22, 2017)]
[Notices]
[Pages 55714-55715]
From the Federal Register Online via the Government Publishing Office [www.gpo.gov]
[FR Doc No: 2017-25300]


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DEPARTMENT OF THE TREASURY

Internal Revenue Service


Proposed Collection; Comment Request for Forms 3921 and 3922 and 
TD 9470

AGENCY: Internal Revenue Service (IRS), Treasury.

ACTION: Notice and request for comments.

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SUMMARY: The Internal Revenue Service (IRS), 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 information collections, as required by the Paperwork Reduction Act 
of 1995. The IRS is soliciting comments concerning Exercise of an 
Incentive Stock Option Under Section 422(b), Information Reporting 
Requirements Under Internal Revenue Service Code Section 6039, and 
Transfer of Stock Acquired through an Employee Stock Purchase Plan 
Under Section 423(c).

DATES: Written comments should be received on or before January 22, 
2018 to be assured of consideration.

ADDRESSES: Direct all written comments to L. Brimmer, Internal Revenue 
Service, Room 6526, 1111 Constitution Avenue NW., Washington, DC 20224.

FOR FURTHER INFORMATION CONTACT: Requests for additional information or 
copies of the regulations should be directed to Martha R. Brinson, at 
(202) 317-5753 or at Internal Revenue Service, Room 6526, 1111 
Constitution Avenue NW., Washington, DC 20224, or through the Internet 
at Martha.R.Brinson@irs.gov.

SUPPLEMENTARY INFORMATION: 
    Title: Form 3921, Exercise of an Incentive Stock Option Under 
Section 422(b), Information Reporting Requirements Under Internal 
Revenue Service Code Section 6039, and Form 3922, Transfer of Stock 
Acquired through an Employee Stock Purchase Plan Under Section 423(c).
    OMB Number: 1545-2129.
    Form Number: 3921 and 3922 and TD 9470.
    Abstract: Form 3921 is a copy of the information return filed with 
the Internal Revenue Service by the corporation which transferred 
shares of stock to a recipient. Form 3922 is used by the corporation to 
record a transfer of the legal title of a share of stock acquired by 
the employee where the stock was acquired pursuant to the exercise of 
an option described in Internal Revenue Code section 423(c). These 
forms are required to be filed for stock transfers occurring after 
2008. Treasury Decision 9470 contains the final regulations relating to 
the return and information statement requirements under Internal 
Revenue Code section 6039. These regulations reflect changes to section 
6039 made by section 403 of the Tax Relief and Health Care Act of 2006. 
These regulations affect corporations that issue statutory stock 
options and provide guidance to assist corporations in complying with 
the return and information statement requirements under section 6039.
    Current Actions: There is no change in the paperwork burden 
previously approved by OMB.
    Type of Review: Extension of a currently approved collection.
    Affected Public: Individuals and Households, Businesses and other 
for-profit organizations.
    Estimated Number of Respondents: 51,000.
    Estimated Time per Response: 29 mins.
    Estimated Total Burden Hours: 25,205.

[[Page 55715]]

    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 13, 2017.
L. Brimmer,
Senior Tax Analyst.
[FR Doc. 2017-25300 Filed 11-21-17; 8:45 am]
 BILLING CODE 4830-01-P