Proposed Collection; Comment Request for Proceeds From Broker and Barter Exchange Transactions, Form 1099-B, 43648 [2020-15440]
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43648
Federal Register / Vol. 85, No. 138 / Friday, July 17, 2020 / Notices
Number of
participants
Total
burden hours
Form name
National Survey ................................
National Survey ................................
Community Survey ...........................
Community Survey ...........................
Screening .........................................
Online Survey ...................................
Screening .........................................
Online Survey ...................................
1
1
1
1
2
15
3
15
3,400
3,100
1,600
1,200
113
775
80
300
Total ...........................................
...........................................................
........................
........................
........................
1,268
Estimated Annualized Burden Hours:
1,268 hours.
Public Comments Invited: You are
asked to comment on any aspects of this
information collection, including (a)
whether the proposed collection of
information is necessary for the proper
performance of the functions of the
Department, including whether the
information will have practical utility;
(b) the accuracy of the Department’s
estimate of the burden of the proposed
information collection; (c) ways to
enhance the quality, utility and clarity
of the information to be collected; and
(d) ways to minimize the burden of the
collection of information on
respondents, including the use of
automated collection techniques or
other forms of information technology.
Authority: The Paperwork Reduction Act
of 1995; 44 U.S.C. Chapter 35, as amended;
49 CFR 1.49; and DOT Order 1351.29.
Issued in Washington, DC.
Nanda Narayanan Srinivasan,
Associate Administrator, Research and
Program Development.
[FR Doc. 2020–15445 Filed 7–16–20; 8:45 am]
BILLING CODE 4910–59–P
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 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–B,
SUMMARY:
khammond on DSKJM1Z7X2PROD with NOTICES
Estimated
burden per
response
(min.)
Number of
responses per
participant
Participant group
VerDate Sep<11>2014
18:12 Jul 16, 2020
Jkt 250001
Proceeds From Broker and Barter
Exchange Transactions.
DATES: Written comments should be
received on or before September 15,
2020 to be assured of consideration.
ADDRESSES: Direct all written comments
to Kinna Brewington, 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 LaNita Van Dyke,
at Internal Revenue Service, Room 6526,
1111 Constitution Avenue NW,
Washington, DC 20224 or through the
internet at Lanita.VanDyke@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 no changes in the paperwork
burden previously approved by OMB.
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.
Estimated Time per Response: 47
minutes.
Estimated Total Annual Burden
Hours: 674,360,608.
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.
PO 00000
Frm 00117
Fmt 4703
Sfmt 4703
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 6, 2020.
Chakinna B. Clemons,
Supervisory Tax Analyst.
[FR Doc. 2020–15440 Filed 7–16–20; 8:45 am]
BILLING CODE 4830–01–P
DEPARTMENT OF THE TREASURY
Internal Revenue Service
Proposed Collection; Comment
Request for Taxpayer Statement
Regarding Refund
Internal Revenue Service (IRS),
Treasury.
ACTION: Notice and request for
comments.
AGENCY:
The Internal Revenue Service
(IRS), in accordance with the Paperwork
Reduction Act of 1995 (PRA 95),
provides the general public and Federal
agencies with an opportunity to
comment on continuing collections of
information. This helps the IRS assess
the impact of its information collection
requirements and minimize the
reporting burden on the public and
helps the public understand the IRS’s
information collection requirements and
provide the requested data in the
SUMMARY:
E:\FR\FM\17JYN1.SGM
17JYN1
]]>Agencies
[Federal Register Volume 85, Number 138 (Friday, July 17, 2020)]
[Notices]
[Page 43648]
From the Federal Register Online via the Government Publishing Office [www.gpo.gov]
[FR Doc No: 2020-15440]
=======================================================================
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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 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-B, Proceeds From Broker and Barter
Exchange Transactions.
DATES: Written comments should be received on or before September 15,
2020 to be assured of consideration.
ADDRESSES: Direct all written comments to Kinna Brewington, 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 LaNita Van Dyke, at Internal Revenue
Service, Room 6526, 1111 Constitution Avenue NW, Washington, DC 20224
or through the internet at [email protected].
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 no changes in the paperwork burden previously approved by OMB.
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: 47 minutes.
Estimated Total Annual Burden Hours: 674,360,608.
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 6, 2020.
Chakinna B. Clemons,
Supervisory Tax Analyst.
[FR Doc. 2020-15440 Filed 7-16-20; 8:45 am]
BILLING CODE 4830-01-P
