Open Meeting of the Taxpayer Advocacy Panel's Special Projects Committee; Change, 7783 [2021-02007]

Download as PDF Federal Register / Vol. 86, No. 19 / Monday, February 1, 2021 / Notices FinCEN invites comments on any aspect of the traditional annual PRA burden, as set out in Part 2 of this notice. In particular, FinCEN seeks comments on the adequacy of: (i) FinCEN’s assumptions underlying its estimate of the burden; (ii) the estimated number of hours required by each portion of the burden; and (iii) the organizational levels of the financial institution engaged in each portion of the burden, their estimated hourly remuneration, and the estimated proportion of participation by each role. FinCEN encourages commenters to include any publicly available sources for alternative estimates or methodologies. (b) Specific request for comments on the proposed criteria for determining the scope of a future annual PRA hourly burden and cost estimate. FinCEN invites comments on any aspect of the criteria for a future estimate of the annual PRA burden, as set out in Part 3 of this notice. (c) Specific request for comments on the appropriate criteria, methodology, and questionnaire required to obtain information to more precisely estimate the future annual PRA hourly burden and cost. FinCEN invites comments on the most appropriate and comprehensive means to question financial institutions about the annual hourly burden and cost attributable solely to the regulations covered by this notice (i.e., the hourly burden and cost of complying with the recordkeeping requirements imposed exclusively by the BSA, which are not used to satisfy contractual obligations, other regulatory requirements, or business purposes of the financial institution). The future annual PRA hourly burden and cost estimate must take into consideration only the information collected and recorded that is used exclusively to comply with requirements under 31 CFR 1022.410 and 31 CFR 1023.410. FinCEN seeks comments from the public regarding any questions we should consider posing in future notices, in addition to the specific questions for comment outlined directly below. Also, due to the difficulty involved in estimating the number of transaction accounts, lines of credit, and transactions that trigger recordkeeping requirements, as described in this notice, FinCEN welcomes any suggestions as to how to derive these estimates by using publicly available financial information. (d) Specific questions for comment associated with making and retaining records required by the regulations described in this notice: VerDate Sep<11>2014 16:57 Jan 29, 2021 Jkt 253001 (1) Complying With 31 CFR 1022.410(a) • On average, how many transaction accounts or lines of credit does your dealer in foreign exchange open/extend annually, which trigger the recordkeeping requirement in 31 CFR 1022.410(a)? • On average, how long does it take your dealer in foreign exchange to collect and retain the records required to be maintained when you open a transaction account or extend a line of credit? (2) Complying With 31 CFR 1022.410(b) • On average, how often does your dealer in foreign exchange conduct each of the transactions described in 31 CFR 1022.410(b), as explained in further detail in Section I—Statutory and Regulatory Provisions? • On average, how long does it take your dealer in foreign exchange to collect and retain the records required to be maintained when you conduct one of the transactions described in 31 CFR 1022.410(b)? (3) Complying With 31 CFR 1023.410(b) • On average, how often does your broker or dealer in securities conduct each of the transactions described in 31 CFR 1023.410(b), as explained in further detail in Section I—Statutory and Regulatory Provisions? • On average, how long does it take your broker or dealer in securities to collect and retain the records required to be maintained when you conduct one of the transactions described in 31 CFR 1023.410(b)? (e) General 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: (i) 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; (ii) the accuracy of the agency’s estimate of the burden of the collection of information; (iii) ways to enhance the quality, utility, and clarity of the information to be collected; (iv) 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 (v) estimates of capital or start-up costs and costs of operation, PO 00000 Frm 00096 Fmt 4703 Sfmt 9990 7783 maintenance, and purchase of services to provide information. Kenneth A. Blanco, Director, Financial Crimes Enforcement Network. [FR Doc. 2021–02064 Filed 1–29–21; 8:45 am] BILLING CODE 4810–02–P DEPARTMENT OF THE TREASURY Internal Revenue Service Open Meeting of the Taxpayer Advocacy Panel’s Special Projects Committee; Change Internal Revenue Service (IRS), Treasury. AGENCY: ACTION: Notice of meeting; change. In the Federal Register notice that was originally published on January 22, 2021, (Volume 86, Number 13, Page 6740) the time for this meeting has changed from 1:30 p.m. Eastern Time to 11:00 a.m. Eastern Time. All other meeting details remain the unchanged. SUMMARY: The meeting will be held Wednesday, February 10, 2021. DATES: FOR FURTHER INFORMATION CONTACT: Antoinette Ross at 1–888–912–1227 or 202–317–4110. Notice is hereby given pursuant to Section 10(a)(2) of the Federal Advisory Committee Act, 5 U.S.C. App. (1988) that an open meeting of the Taxpayer Advocacy Panel’s Special Projects Committee will be held Wednesday, February 10, 2021, at 11:00 a.m. Eastern Time. The public is invited to make oral comments or submit written statements for consideration. Due to limited time and structure of meeting, notification of intent to participate must be made with Antoinette Ross. For more information please contact Antoinette Ross at 1– 888–912–1227 or 202–317–4110, or write TAP Office, 1111 Constitution Ave. NW, Room 1509, Washington, DC 20224 or contact us at the website: http://www.improveirs.org. The agenda will include various IRS issues. SUPPLEMENTARY INFORMATION: Dated: January 26, 2021. Kevin Brown, Acting Director, Taxpayer Advocacy Panel. [FR Doc. 2021–02007 Filed 1–29–21; 8:45 am] BILLING CODE 4830–01–P E:\FR\FM\01FEN1.SGM 01FEN1

Agencies

[Federal Register Volume 86, Number 19 (Monday, February 1, 2021)]
[Notices]
[Page 7783]
From the Federal Register Online via the Government Publishing Office [www.gpo.gov]
[FR Doc No: 2021-02007]


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DEPARTMENT OF THE TREASURY

Internal Revenue Service


Open Meeting of the Taxpayer Advocacy Panel's Special Projects 
Committee; Change

AGENCY: Internal Revenue Service (IRS), Treasury.

ACTION: Notice of meeting; change.

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SUMMARY: In the Federal Register notice that was originally published 
on January 22, 2021, (Volume 86, Number 13, Page 6740) the time for 
this meeting has changed from 1:30 p.m. Eastern Time to 11:00 a.m. 
Eastern Time. All other meeting details remain the unchanged.

DATES: The meeting will be held Wednesday, February 10, 2021.

FOR FURTHER INFORMATION CONTACT: Antoinette Ross at 1-888-912-1227 or 
202-317-4110.

SUPPLEMENTARY INFORMATION: Notice is hereby given pursuant to Section 
10(a)(2) of the Federal Advisory Committee Act, 5 U.S.C. App. (1988) 
that an open meeting of the Taxpayer Advocacy Panel's Special Projects 
Committee will be held Wednesday, February 10, 2021, at 11:00 a.m. 
Eastern Time. The public is invited to make oral comments or submit 
written statements for consideration. Due to limited time and structure 
of meeting, notification of intent to participate must be made with 
Antoinette Ross. For more information please contact Antoinette Ross at 
1-888-912-1227 or 202-317-4110, or write TAP Office, 1111 Constitution 
Ave. NW, Room 1509, Washington, DC 20224 or contact us at the website: 
http://www.improveirs.org. The agenda will include various IRS issues.

    Dated: January 26, 2021.
Kevin Brown,
Acting Director, Taxpayer Advocacy Panel.
[FR Doc. 2021-02007 Filed 1-29-21; 8:45 am]
BILLING CODE 4830-01-P