Agency Information Collection Activity Under OMB Review: Application for Assumption Approval and/or Release From Personal Liability to the Government on a Home Loan, 81287 [2020-27513]

Download as PDF Federal Register / Vol. 85, No. 241 / Tuesday, December 15, 2020 / Notices 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 Amended Quarterly Federal Excise Tax Return. DATES: Written comments should be received on or before February 16, 2021 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. 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: Amended Quarterly Federal Excise Tax Return. OMB Number: 1545–1759. Form Number: 720–X. Abstract: Form 720X is used to make adjustments to liability reported on forms 720 you have filed for previous quarters. It can be filed by itself or it can be attached to any subsequent Form 720. Code section 6416(d) allows taxpayers to take a credit on a subsequent return rather than filing a refund claim. The creation of Form 720X is to provide a uniform standard for trust fund accounting. Current Actions: There are no changes being made to Form 720–X at this time. Type of Review: Extension of a currently approved collection. Affected Public: Businesses or other for-profit organizations. Estimated Number of Responses: 22,000. Estimated Time per Response: 6 hrs., 56 mins. Estimated Total Annual Burden Hours: 152,460. 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. VerDate Sep<11>2014 17:35 Dec 14, 2020 Jkt 253001 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: December 10, 2020. Martha R. Brinson, Tax Analyst. [FR Doc. 2020–27551 Filed 12–14–20; 8:45 am] BILLING CODE 4830–01–P DEPARTMENT OF VETERANS AFFAIRS [OMB Control No. 2900–0110] Agency Information Collection Activity Under OMB Review: Application for Assumption Approval and/or Release From Personal Liability to the Government on a Home Loan Veterans Benefits Administration, Department of Veterans Affairs. ACTION: Notice. AGENCY: In compliance with the Paperwork Reduction Act (PRA) of 1995, this notice announces that the Veterans Benefits Administration, Department of Veterans Affairs, will submit the collection of information abstracted below to the Office of Management and Budget (OMB) for review and comment. The PRA submission describes the nature of the information collection and its expected cost and burden and it includes the actual data collection instrument. DATES: Written comments and recommendations for the proposed information collection should be sent within 30 days of publication of this notice to www.reginfo.gov/public/do/ PRAMain. Find this particular information collection by selecting ‘‘currently under 30-day Review—Open for Public Comments’’ or by using the search function. Refer to ‘‘OMB Control No. 2900–0110’’. SUMMARY: PO 00000 Frm 00112 Fmt 4703 Sfmt 4703 81287 FOR FURTHER INFORMATION CONTACT: Danny S. Green, Enterprise Records Service (005R1B), Department of Veterans Affairs, 810 Vermont Avenue NW, Washington, DC 20420, (202) 421– 1354, or email danny.green2@va.gov. Please refer to ‘‘OMB Control No. 2900– 0110’’ in any correspondence. SUPPLEMENTARY INFORMATION: Authority: 38 U.S.C. 3713(a) and 3714 and 3702(b)(2). Title: Application for Assumption Approval and/or Release from Personal Liability to the Government on a Home Loan. OMB Control Number: 2900–0110. Type of Review: Extension of a currently approved collection. Abstract: VA Form 26–6381 is completed by Veterans who are selling their homes by assumption rather than requiring purchasers to obtain their own financing to pay off the loan. The data furnished on the form is essential to determinations for assumption approval, release of liability, and substitution of entitlement in accordance with 38 U.S.C. 3713(a) and 3714 and 3702(b)(2). An agency may not conduct or sponsor, and a person is not required to respond to a collection of information unless it displays a currently valid OMB control number. The Federal Register Notice with a 60-day comment period soliciting comments on this collection of information was published at 85 FR 196, on October 8, 2020, page 63660. Affected Public: Individuals or Households. Estimated Annual Burden: 42 hours. Estimated Average Burden per Respondent: 10 minutes. Frequency of Response: One time. Estimated Number of Respondents: 250 per year. By direction of the Secretary. Danny S. Green, VA PRA Clearance Officer, Office of Quality, Performance and Risk, Department of Veterans Affairs. [FR Doc. 2020–27513 Filed 12–14–20; 8:45 am] BILLING CODE 8320–01–P DEPARTMENT OF VETERANS AFFAIRS [OMB Control No. 2900–0862] Agency Information Collection Activity: Decision Review Request: Higher-Level Review Veterans Benefits Administration, Department of Veterans Affairs. ACTION: Notice. AGENCY: E:\FR\FM\15DEN1.SGM 15DEN1

Agencies

[Federal Register Volume 85, Number 241 (Tuesday, December 15, 2020)]
[Notices]
[Page 81287]
From the Federal Register Online via the Government Publishing Office [www.gpo.gov]
[FR Doc No: 2020-27513]


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DEPARTMENT OF VETERANS AFFAIRS

[OMB Control No. 2900-0110]


Agency Information Collection Activity Under OMB Review: 
Application for Assumption Approval and/or Release From Personal 
Liability to the Government on a Home Loan

AGENCY: Veterans Benefits Administration, Department of Veterans 
Affairs.

ACTION: Notice.

-----------------------------------------------------------------------

SUMMARY: In compliance with the Paperwork Reduction Act (PRA) of 1995, 
this notice announces that the Veterans Benefits Administration, 
Department of Veterans Affairs, will submit the collection of 
information abstracted below to the Office of Management and Budget 
(OMB) for review and comment. The PRA submission describes the nature 
of the information collection and its expected cost and burden and it 
includes the actual data collection instrument.

DATES: Written comments and recommendations for the proposed 
information collection should be sent within 30 days of publication of 
this notice to www.reginfo.gov/public/do/PRAMain. Find this particular 
information collection by selecting ``currently under 30-day Review--
Open for Public Comments'' or by using the search function. Refer to 
``OMB Control No. 2900-0110''.

FOR FURTHER INFORMATION CONTACT: Danny S. Green, Enterprise Records 
Service (005R1B), Department of Veterans Affairs, 810 Vermont Avenue 
NW, Washington, DC 20420, (202) 421-1354, or email [email protected]. 
Please refer to ``OMB Control No. 2900-0110'' in any correspondence.

SUPPLEMENTARY INFORMATION:
    Authority: 38 U.S.C. 3713(a) and 3714 and 3702(b)(2).
    Title: Application for Assumption Approval and/or Release from 
Personal Liability to the Government on a Home Loan.
    OMB Control Number: 2900-0110.
    Type of Review: Extension of a currently approved collection.
    Abstract: VA Form 26-6381 is completed by Veterans who are selling 
their homes by assumption rather than requiring purchasers to obtain 
their own financing to pay off the loan. The data furnished on the form 
is essential to determinations for assumption approval, release of 
liability, and substitution of entitlement in accordance with 38 U.S.C. 
3713(a) and 3714 and 3702(b)(2).
    An agency may not conduct or sponsor, and a person is not required 
to respond to a collection of information unless it displays a 
currently valid OMB control number. The Federal Register Notice with a 
60-day comment period soliciting comments on this collection of 
information was published at 85 FR 196, on October 8, 2020, page 63660.
    Affected Public: Individuals or Households.
    Estimated Annual Burden: 42 hours.
    Estimated Average Burden per Respondent: 10 minutes.
    Frequency of Response: One time.
    Estimated Number of Respondents: 250 per year.

    By direction of the Secretary.
Danny S. Green,
VA PRA Clearance Officer, Office of Quality, Performance and Risk, 
Department of Veterans Affairs.
[FR Doc. 2020-27513 Filed 12-14-20; 8:45 am]
BILLING CODE 8320-01-P
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