Proposed Extension of Information Collection Request Submitted for Public Comment; Comment Request on Returns Regarding Payments of Interest, 65898-65899 [2019-25881]
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65898
Federal Register / Vol. 84, No. 230 / Friday, November 29, 2019 / Notices
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: November 25, 2019.
Philippe Thomas,
Supervisory Tax Analyst.
[FR Doc. 2019–25882 Filed 11–27–19; 8:45 am]
BILLING CODE 4830–01–P
DEPARTMENT OF THE TREASURY
Internal Revenue Service
Proposed Collection; Comment
Request for Form 14242 and 14242(SP)
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
Form 14242, Reporting Abusive Tax
Promotions or Preparers, and Form
14242(SP), Informe las Presuntas
Promociones de Planes Abusivos
Tributarios o de Preparadores.
DATES: Written comments should be
received on or before January 28, 2020
to be assured of consideration.
ADDRESSES: Direct all written comments
to Dr. Philippe Thomas, Internal
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SUMMARY:
VerDate Sep<11>2014
16:49 Nov 27, 2019
Jkt 250001
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: Reporting Abusive Tax
Promotions or Preparers.
OMB Number: 1545–2219.
Form Number: Form 14242 and Form
14242(SP).
Abstract: Form 14242 and Form
14242(SP) are used to document the
information necessary to report an
abusive tax avoidance scheme. Form
14242 (SP) is the Spanish version of
Form 14242. Respondents can be
individuals, businesses and tax return
preparers.
Current Actions: There are no changes
being made to the forms at this time.
Type of Review: Extension of a
currently approved collection.
Affected Public: Individuals or
Households, Farms, Businesses and
other for-profit or not-for-profit
organizations.
Estimated Number of Respondents:
460.
Estimated Time per Respondent: 10
minutes.
Estimated Total Annual Burden
Hours: 77 hours.
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
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Fmt 4703
Sfmt 4703
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 25, 2019.
Philippe Thomas,
Supervisory Tax Analyst.
[FR Doc. 2019–25883 Filed 11–27–19; 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
on Returns Regarding Payments of
Interest
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
collection of information related to the
requirements for reporting on returns
regarding payments of interest.
DATES: Written comments should be
received on or before January 28, 2020
to be assured of consideration.
ADDRESSES: Direct all written comments
to Philippe Thomas, Internal Revenue
Service, Room 6529, 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: Returns regarding payments of
interest.
OMB Number: 1545–0112.
Regulatory Number: TD 7873.
Form Number: 1099–INT.
Abstract: IRC section 6049 requires
payers of interest of $10 or more to file
SUMMARY:
E:\FR\FM\29NON1.SGM
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khammond on DSKJM1Z7X2PROD with NOTICES
Federal Register / Vol. 84, No. 230 / Friday, November 29, 2019 / Notices
a return showing the aggregate amount
of interest paid to a payee. Regulations
sections 1.6049 4 and 1.6049 7 require
Form 1099–INT to be used to report this
information. IRC section 6041 and
Regulations section 1.6041 1 require
persons paying interest (that is not
covered under section 6049) of $600 or
more in the course of their trades or
businesses to report that interest on
Form 1099–INT. IRS uses Form 1099–
INT to verify compliance with the
reporting rules and to verify that the
recipient has included the proper
amount of interest on his or her income
tax return.
Current Actions: There is no change to
the burden previously approved by
OMB. This form is being submitted for
renewal purposes only.
Type of Review: Extension of a
currently approved collection.
Affected Public: Business or other forprofit organizations, Federal
Government, individuals or households,
and not-for-profit institutions.
Estimated Number of Responses:
141,555,000.
Estimated Time per Respondent: 13
min.
Estimated Total Annual Burden
Hours: 46,403,150.
The following paragraph applies to all
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 if 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.
Desired Focus of Comments: The
Internal Revenue Service (IRS) is
particularly interested in comments
that:
• Evaluate whether the proposed
collection of information is necessary
for the proper performance of the
functions of the agency, including
whether the information will have
practical utility;
• Evaluate the accuracy of the
agency’s estimate of the burden of the
proposed collection of information,
including the validity of the
methodology and assumptions used;
• Enhance the quality, utility, and
clarity of the information to be
collected; and
• Minimize the burden of the
collection of information on those who
are to respond, including using
VerDate Sep<11>2014
16:49 Nov 27, 2019
Jkt 250001
appropriate automated, electronic,
mechanical, or other technological
collection techniques or other forms of
information technology, e.g., by
permitting electronic submissions of
responses.
Comments submitted in response to
this notice will be summarized and/or
included in the ICR for OMB approval
of the extension of the information
collection; they will also become a
matter of public record.
Approved: November 22, 2019.
R. Joseph Durbala,
IRS Tax Analyst.
[FR Doc. 2019–25881 Filed 11–27–19; 8:45 am]
BILLING CODE 4830–01–P
DEPARTMENT OF THE TREASURY
Agency Information Collection
Activities; Submission for OMB
Review; Comment Request; Imposition
of Special Measure Against North
Korea as a Jurisdiction of Primary
Money Laundering Concern
Departmental Offices, U.S.
Department of the Treasury.
ACTION: Notice.
AGENCY:
The Department of the
Treasury will submit the following
information collection requests to the
Office of Management and Budget
(OMB) for review and clearance in
accordance with the Paperwork
Reduction Act of 1995, on or after the
date of publication of this notice. The
public is invited to submit comments on
these requests.
DATES: Comments should be received on
or before December 30, 2019 to be
assured of consideration.
ADDRESSES: Send comments regarding
the burden estimate, or any other aspect
of the information collection, including
suggestions for reducing the burden, to
(1) Office of Information and Regulatory
Affairs, Office of Management and
Budget, Attention: Desk Officer for
Treasury, New Executive Office
Building, Room 10235, Washington, DC
20503, or email at OIRA_Submission@
OMB.EOP.gov and (2) Treasury PRA
Clearance Officer, 1750 Pennsylvania
Ave. NW, Suite 8100, Washington, DC
20220, or email at PRA@treasury.gov.
FOR FURTHER INFORMATION CONTACT:
Copies of the submissions may be
obtained from Spencer W. Clark by
emailing PRA@treasury.gov, calling
(202) 927–5331, or viewing the entire
information collection request at
www.reginfo.gov.
SUMMARY:
SUPPLEMENTARY INFORMATION:
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65899
Financial Crimes Enforcement Network
(FinCEN)
Title: Imposition of Special Measure
Against North Korea as a Jurisdiction of
Primary Money Laundering Concern.
OMB Control Number: 1506–0071.
Type of Review: Extension without
change of a currently approved
collection.
Description: The Director of FinCEN
found that the Democratic People’s
Republic of Korea (‘‘North Korea’’) is a
jurisdiction of primary money
laundering concern. FinCEN issued
regulations that prohibit covered
financial institutions from opening or
maintaining a correspondent account in
the United States for or on behalf of a
North Korean banking institution and
which prohibit the use of foreign
banking institutions’ correspondent
accounts at covered U.S. financial
institutions to process transactions
involving North Korean financial
institutions.
Form: None.
Affected Public: Businesses or other
for-profits.
Estimated Number of Respondents:
23,615.
Frequency of Response: On Occasion.
Estimated Total Number of Annual
Responses: 23,615.
Estimated Time per Response: 1 hour.
Estimated Total Annual Burden
Hours: 23,615.
Authority: 44 U.S.C. 3501 et seq.
Dated: November 25, 2019.
Spencer W. Clark,
Treasury PRA Clearance Officer.
[FR Doc. 2019–25876 Filed 11–27–19; 8:45 am]
BILLING CODE 4810–02–P
DEPARTMENT OF THE TREASURY
Agency Information Collection
Activities; Submission for OMB
Review; Comment Request; Hizballah
Financial Sanctions Regulations—
Report on Closure by U.S. Financial
Institutions of Correspondent
Accounts and Payable-Through
Accounts
Departmental Offices, U.S.
Department of the Treasury.
ACTION: Notice.
AGENCY:
The Department of the
Treasury will submit the following
information collection requests to the
Office of Management and Budget
(OMB) for review and clearance in
accordance with the Paperwork
Reduction Act of 1995, on or after the
date of publication of this notice. The
public is invited to submit comments on
these requests.
SUMMARY:
E:\FR\FM\29NON1.SGM
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]]>Agencies
[Federal Register Volume 84, Number 230 (Friday, November 29, 2019)]
[Notices]
[Pages 65898-65899]
From the Federal Register Online via the Government Publishing Office [www.gpo.gov]
[FR Doc No: 2019-25881]
-----------------------------------------------------------------------
DEPARTMENT OF THE TREASURY
Internal Revenue Service
Proposed Extension of Information Collection Request Submitted
for Public Comment; Comment Request on Returns Regarding Payments of
Interest
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 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 collection of information related to the requirements
for reporting on returns regarding payments of interest.
DATES: Written comments should be received on or before January 28,
2020 to be assured of consideration.
ADDRESSES: Direct all written comments to Philippe Thomas, Internal
Revenue Service, Room 6529, 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 [email protected].
SUPPLEMENTARY INFORMATION:
Title: Returns regarding payments of interest.
OMB Number: 1545-0112.
Regulatory Number: TD 7873.
Form Number: 1099-INT.
Abstract: IRC section 6049 requires payers of interest of $10 or
more to file
[[Page 65899]]
a return showing the aggregate amount of interest paid to a payee.
Regulations sections 1.6049 4 and 1.6049 7 require Form 1099-INT to be
used to report this information. IRC section 6041 and Regulations
section 1.6041 1 require persons paying interest (that is not covered
under section 6049) of $600 or more in the course of their trades or
businesses to report that interest on Form 1099-INT. IRS uses Form
1099-INT to verify compliance with the reporting rules and to verify
that the recipient has included the proper amount of interest on his or
her income tax return.
Current Actions: There is no change to the burden previously
approved by OMB. This form is being submitted for renewal purposes
only.
Type of Review: Extension of a currently approved collection.
Affected Public: Business or other for-profit organizations,
Federal Government, individuals or households, and not-for-profit
institutions.
Estimated Number of Responses: 141,555,000.
Estimated Time per Respondent: 13 min.
Estimated Total Annual Burden Hours: 46,403,150.
The following paragraph applies to all 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 if 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.
Desired Focus of Comments: The Internal Revenue Service (IRS) is
particularly interested in comments that:
Evaluate whether the proposed collection of information is
necessary for the proper performance of the functions of the agency,
including whether the information will have practical utility;
Evaluate the accuracy of the agency's estimate of the
burden of the proposed collection of information, including the
validity of the methodology and assumptions used;
Enhance the quality, utility, and clarity of the
information to be collected; and
Minimize the burden of the collection of information on
those who are to respond, including using appropriate automated,
electronic, mechanical, or other technological collection techniques or
other forms of information technology, e.g., by permitting electronic
submissions of responses.
Comments submitted in response to this notice will be summarized
and/or included in the ICR for OMB approval of the extension of the
information collection; they will also become a matter of public
record.
Approved: November 22, 2019.
R. Joseph Durbala,
IRS Tax Analyst.
[FR Doc. 2019-25881 Filed 11-27-19; 8:45 am]
BILLING CODE 4830-01-P
