Proposed Collection; Comment Request for Form 1099-NEC, 37012 [2019-16055]
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37012
Federal Register / Vol. 84, No. 146 / Tuesday, July 30, 2019 / Notices
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: June 24, 2019.
Laurie Brimmer,
Senior Tax Analyst.
[FR Doc. 2019–16056 Filed 7–29–19; 8:45 am]
BILLING CODE 4830–01–P
DEPARTMENT OF THE TREASURY
Internal Revenue Service
Proposed Collection; Comment
Request for Form 1099–NEC
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 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–NEC,
Nonemployee Compensation.
DATES: Written comments should be
received on or before September 30,
2019 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 Dionne McLeod,
at (267) 994–5217, Internal Revenue
Service, Room 3256, 600 Arch Street,
Philadelphia, PA 19106, or through the
internet at Dionne.a.McLeod@irs.gov.
SUPPLEMENTARY INFORMATION:
Title: Nonemployee Compensation.
OMB Number: 1545–0116.
Form Number: 1099–NEC.
Abstract: Form 1099–NEC is used to
report payments made in the course of
a trade or business for services
performed by someone who is not an
employee, cash payments for fish and
withholding of federal income tax under
the backup withholding rules.
Current Actions: The PATH Act
accelerated the due date for filing of
Form 1099 that include nonemployee
compensation (NEC) from February 28
to January 31, and eliminated the
automatic 30-day extension for forms
jspears on DSK3GMQ082PROD with NOTICES
SUMMARY:
VerDate Sep<11>2014
16:42 Jul 29, 2019
Jkt 247001
that include NEC. Continuing to include
NEC on Form 1099–MISC will increase
the submission burden on taxpayers
because they will have to separate those
forms with NEC from those without. It
also requires analysis of Forms 1099–
MISC by the IRS to be able to determine
the proper due date and apply late filing
penalties appropriately. To alleviate the
burden and eliminate confusion
regarding due dates, IRS reinstated
Form 1099–NEC. There will be a change
in the paperwork burden previously
approved by OMB.
Type of Review: Reinstatement of a
previously approved information
collection.
Affected Public: Individuals, business
or other for-profit organizations, not forprofit institutions, farms and Federal,
state, local or tribal governments.
Estimated Number of Respondents:
70,802,480.
Estimated Time per Respondent: 5
minutes.
Estimated Total Annual Burden
Hours: 5,900,206.
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.
PO 00000
Frm 00129
Fmt 4703
Sfmt 4703
Approved: July 24, 2019.
Laurie Brimmer,
Senior Tax Analyst.
[FR Doc. 2019–16055 Filed 7–29–19; 8:45 am]
BILLING CODE 4830–01–P
DEPARTMENT OF THE TREASURY
Internal Revenue Service
Proposed Extension of Information
Collection Request Submitted for
Public Comment; Comment Request
Concerning Form 8610 and Schedule A
(Form 8610)
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 the
burden associated with Form 8610,
Annual Low-Income Housing Credit
Agencies Report, and Schedule A (Form
8610), Carryover Allocation of LowIncome Housing Credit.
DATES: Written comments should be
received on or before September 30,
2019 to be assured of consideration.
ADDRESSES: Direct all written comments
to Laurie Brimmer, 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: Buildings qualifying for
carryover allocations.
OMB Number: 1545–0990.
Form Number(s): 8610, Sch A
(F8610).
Abstract: State housing credit
agencies (Agencies) are required by
Code section 42(l)(3) to report annually
the amount of low-income housing
credits that they allocated to qualified
buildings during the year. Agencies
report the amount allocated to the
building owners and to the IRS in Part
I of Form 8609. Carryover allocations
are reported to the Agencies in
carryover allocation documents. The
Agencies report the carryover
SUMMARY:
E:\FR\FM\30JYN1.SGM
30JYN1
Agencies
[Federal Register Volume 84, Number 146 (Tuesday, July 30, 2019)]
[Notices]
[Page 37012]
From the Federal Register Online via the Government Publishing Office [www.gpo.gov]
[FR Doc No: 2019-16055]
-----------------------------------------------------------------------
DEPARTMENT OF THE TREASURY
Internal Revenue Service
Proposed Collection; Comment Request for Form 1099-NEC
AGENCY: Internal Revenue Service (IRS), Treasury.
ACTION: Notice and request for comments.
-----------------------------------------------------------------------
SUMMARY: The Internal Revenue Service, 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-NEC, Nonemployee Compensation.
DATES: Written comments should be received on or before September 30,
2019 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 Dionne
McLeod, at (267) 994-5217, Internal Revenue Service, Room 3256, 600
Arch Street, Philadelphia, PA 19106, or through the internet at
[email protected].
SUPPLEMENTARY INFORMATION:
Title: Nonemployee Compensation.
OMB Number: 1545-0116.
Form Number: 1099-NEC.
Abstract: Form 1099-NEC is used to report payments made in the
course of a trade or business for services performed by someone who is
not an employee, cash payments for fish and withholding of federal
income tax under the backup withholding rules.
Current Actions: The PATH Act accelerated the due date for filing
of Form 1099 that include nonemployee compensation (NEC) from February
28 to January 31, and eliminated the automatic 30-day extension for
forms that include NEC. Continuing to include NEC on Form 1099-MISC
will increase the submission burden on taxpayers because they will have
to separate those forms with NEC from those without. It also requires
analysis of Forms 1099-MISC by the IRS to be able to determine the
proper due date and apply late filing penalties appropriately. To
alleviate the burden and eliminate confusion regarding due dates, IRS
reinstated Form 1099-NEC. There will be a change in the paperwork
burden previously approved by OMB.
Type of Review: Reinstatement of a previously approved information
collection.
Affected Public: Individuals, business or other for-profit
organizations, not for-profit institutions, farms and Federal, state,
local or tribal governments.
Estimated Number of Respondents: 70,802,480.
Estimated Time per Respondent: 5 minutes.
Estimated Total Annual Burden Hours: 5,900,206.
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: July 24, 2019.
Laurie Brimmer,
Senior Tax Analyst.
[FR Doc. 2019-16055 Filed 7-29-19; 8:45 am]
BILLING CODE 4830-01-P