Proposed Collection; Comment Request for Form 1099-R, 22124 [2018-10024]
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Federal Register / Vol. 83, No. 92 / Friday, May 11, 2018 / Notices
produced in Washington, DC and
broadcast over the internet via
webcasting as well as telephone
conference calls. For further information
on these upcoming information
sessions, please visit the CDFI Fund’s
website at https://www.cdfifund.gov.
Authority: 26 U.S.C. 45D; 31 U.S.C. 321; 26
CFR 1.45D–1.
Mary A. Donovan,
Director, Community Development Financial
Institutions Fund.
[FR Doc. 2018–10109 Filed 5–10–18; 8:45 am]
BILLING CODE 4810–70–P
DEPARTMENT OF THE TREASURY
Internal Revenue Service
Proposed Collection; Comment
Request for Form 1099–R
Internal Revenue Service (IRS),
Treasury.
ACTION: Notice and request for
comments.
AGENCY:
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
Distributions From Pensions, Annuities,
Retirement or Profit-Sharing Plans,
IRAs, Insurance Contracts, etc.
DATES: Written comments should be
received on or before July 10, 2018 to be
assured of consideration.
ADDRESSES: Direct all written comments
to Laurie 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 form and instructions
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: Distributions From Pensions,
Annuities, Retirement or Profit-Sharing
Plans, IRAs, Insurance Contracts, etc.
OMB Number: 1545–0119.
Form Number: 1099–R.
Abstract: Form 1099–R is used to
report distributions from pensions,
annuities, profit-sharing or retirement
plans, IRAs, and the surrender of
insurance contracts. This information is
used by IRS to verify that income has
been properly reported by the recipient.
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SUMMARY:
VerDate Sep<11>2014
19:21 May 10, 2018
Jkt 244001
Current Actions: (1) We have added a
box ‘‘to report the date of payment on
a reportable life insurance policy sale’’
(2) Instructions were updated for boxes
1 and 5 to reflect reportable policy sales,
and (3) A new distribution code ‘‘X’’ for
reportable policy sales in the box 7
instructions.
Type of Review: Revision of a
currently approved collection.
Affected Public: Businesses or other
for-profit organizations, not for-profit
institutions, and Federal, state, local or
tribal governments.
Estimated Number of Responses:
89,333,000.
Estimated Time per Response: 26
mins.
Estimated Total Annual Burden
Hours: 39,306,520.
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. Comments
will be 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 has 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 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: May 2, 2018.
Laurie Brimmer,
Senior Tax Analyst.
[FR Doc. 2018–10024 Filed 5–10–18; 8:45 am]
BILLING CODE 4830–01–P
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DEPARTMENT OF THE TREASURY
Internal Revenue Service
Proposed Extension of Information
Collection Request Submitted for
Public Comment; Form 1096, Annual
Summary and Transmittal of U.S.
Information Returns
Internal Revenue Service (IRS),
Treasury.
ACTION: Notice and request for
comments.
AGENCY:
The Internal Revenue Service,
as part of its continuing effort to reduce
paperwork and respondent burden,
invites the 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
1096, Annual Summary and Transmittal
of U.S. Information Returns.
DATES: Written comments should be
received on or before July 10, 2018 to be
assured of consideration.
ADDRESSES: Direct all written comments
to Roberto Mora-Figueroa, Internal
Revenue Service, Room 6129, 1111
Constitution Avenue NW, Washington,
DC 20224. Requests for additional
information or copies of the regulations
should be directed to R. Joseph Durbala,
at Internal Revenue Service, Room 6129,
1111 Constitution Avenue NW,
Washington, DC 20224, or through the
internet, at RJoseph.Durbala@irs.gov.
SUPPLEMENTARY INFORMATION:
Title: Annual Summary and
Transmittal of U.S. Information Returns.
OMB Number: 1545–0108.
Regulation Project Number: Form
1096.
Abstract: Form 1096 is used to
transmit information returns (Forms
1099, 1098, 5498, and W–2G) to the IRS
service centers. Under Internal Revenue
Code section 6041 and related
regulations, a separate Form 1096 is
used for each type of return sent to the
service center by the payer. It is used by
IRS to summarize, categorize, and
process the forms being filed.
Current Actions: There is no change to
the burden previously approved.
Type of Review: Extension of a
currently approved collection.
Affected Public: Business or other forprofit organizations, individuals or
households, not-for-profit institutions,
farms, Federal government, and State,
local or tribal governments.
Estimated Number of Respondents:
5,640,300.
Estimated Time per Respondent: 13.8
min.
SUMMARY:
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]]>Agencies
[Federal Register Volume 83, Number 92 (Friday, May 11, 2018)]
[Notices]
[Page 22124]
From the Federal Register Online via the Government Publishing Office [www.gpo.gov]
[FR Doc No: 2018-10024]
-----------------------------------------------------------------------
DEPARTMENT OF THE TREASURY
Internal Revenue Service
Proposed Collection; Comment Request for Form 1099-R
AGENCY: Internal Revenue Service (IRS), Treasury.
ACTION: Notice and request for comments.
-----------------------------------------------------------------------
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 Distributions From
Pensions, Annuities, Retirement or Profit-Sharing Plans, IRAs,
Insurance Contracts, etc.
DATES: Written comments should be received on or before July 10, 2018
to be assured of consideration.
ADDRESSES: Direct all written comments to Laurie 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 form and instructions 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 [email protected].
SUPPLEMENTARY INFORMATION:
Title: Distributions From Pensions, Annuities, Retirement or
Profit-Sharing Plans, IRAs, Insurance Contracts, etc.
OMB Number: 1545-0119.
Form Number: 1099-R.
Abstract: Form 1099-R is used to report distributions from
pensions, annuities, profit-sharing or retirement plans, IRAs, and the
surrender of insurance contracts. This information is used by IRS to
verify that income has been properly reported by the recipient.
Current Actions: (1) We have added a box ``to report the date of
payment on a reportable life insurance policy sale'' (2) Instructions
were updated for boxes 1 and 5 to reflect reportable policy sales, and
(3) A new distribution code ``X'' for reportable policy sales in the
box 7 instructions.
Type of Review: Revision of a currently approved collection.
Affected Public: Businesses or other for-profit organizations, not
for-profit institutions, and Federal, state, local or tribal
governments.
Estimated Number of Responses: 89,333,000.
Estimated Time per Response: 26 mins.
Estimated Total Annual Burden Hours: 39,306,520.
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.
Comments will be 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 has
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 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: May 2, 2018.
Laurie Brimmer,
Senior Tax Analyst.
[FR Doc. 2018-10024 Filed 5-10-18; 8:45 am]
BILLING CODE 4830-01-P
