Proposed Collection; Comment Request for Form 712, Life Insurance Statement, 57475 [2021-22523]
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Federal Register / Vol. 86, No. 197 / Friday, October 15, 2021 / Notices
3. John P. Moriarty, Associate Chief Counsel
(Income Tax & Accounting)
4. Holly Porter, Associate Chief Counsel
(Passthroughs & Special Industries)
5. Kathryn A. Zuba, Associate Chief Counsel
(Procedure & Administration)
Alternate: Thomas J. Travers, Associate Chief
Counsel (Finance & Management)
Dated: October 8, 2021.
Bradley T. Smith,
Acting Director, Office of Foreign Assets
Control, U.S. Department of the Treasury.
[FR Doc. 2021–22480 Filed 10–14–21; 8:45 am]
BILLING CODE 4810–AL–P
This publication is required by 5
U.S.C. 4314(c)(4).
DEPARTMENT OF THE TREASURY
Internal Revenue Service
Appointment of Members of the Legal
Division to the Performance Review
Board, Internal Revenue Service
William M. Paul,
Chief Counsel (Acting), Internal Revenue
Service.
[FR Doc. 2021–22524 Filed 10–14–21; 8:45 am]
BILLING CODE P
Under the authority granted to me as
Acting Chief Counsel of the Internal
Revenue Service by the General Counsel
of the Department of the Treasury by
General Counsel Directive 15, pursuant
to the Civil Service Reform Act, I have
appointed the following persons to the
Legal Division Performance Review
Board, Internal Revenue Service Panel:
1. Brian Sonfield—Assistant General
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2. Andrew J. Keyso, Jr., Chief, Appeals (IRS)
3. Sunita Lough—Deputy Commissioner for
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Alternate: Nikole C. Flax—Deputy
Commissioner, LB&I (IRS)
This publication is required by 5
U.S.C. 4314(c)(4).
William M. Paul,
Chief Counsel (Acting), Internal Revenue
Service.
[FR Doc. 2021–22525 Filed 10–14–21; 8:45 am]
BILLING CODE 4830–01–P
DEPARTMENT OF THE TREASURY
Internal Revenue Service
[4830–01–P]
Appointment of Members of the Legal
Division to the Performance Review
Board, Internal Revenue Service
Under the authority granted to me as
Acting Chief Counsel of the Internal
Revenue Service by the General Counsel
of the Department of the Treasury by
General Counsel Directive 15, pursuant
to the Civil Service Reform Act, I have
appointed the following persons to the
Legal Division Performance Review
Board, Internal Revenue Service Panel:
1. William M. Paul, Acting Chief Counsel/
Deputy Chief Counsel (Technical)
2. Mark S. Kaizen, Associate Chief Counsel
(General Legal Services)
VerDate Sep<11>2014
16:50 Oct 14, 2021
Jkt 256001
DEPARTMENT OF THE TREASURY
Internal Revenue Service
Proposed Collection; Comment
Request for Form 712, Life Insurance
Statement
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 continuing
information collections, as required by
the Paperwork Reduction Act of 1995.
The IRS is soliciting comments
concerning life insurance statements.
DATES: Written comments should be
received on or before December 14, 2021
to be assured of consideration.
ADDRESSES: Direct all written comments
to Kerry Dennis, 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 should be directed to
Kerry Dennis, at (202) 317–5751 or
Internal Revenue Service, Room 6526,
1111 Constitution Avenue NW,
Washington, DC 20224, or through the
internet, at Kerry.Dennis@irs.gov.
SUPPLEMENTARY INFORMATION:
Title: Life Insurance Statement.
OMB Number: 1545–0022.
Form Number: 712.
Abstract: Form 712 provides
taxpayers and the IRS with information
to determine if insurance on the
decedent’s life is includible in the gross
SUMMARY:
PO 00000
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57475
estate and to determine the value of the
policy for estate and gift tax purposes.
The tax is based on the value of the life
insurance policy.
Current Actions: There is no change
in the form or paperwork burden
previously approved.
Type of Review: Extension of a
currently approved collection.
Affected Public: Business or other forprofit organizations.
Estimated Number of Respondents:
60,000.
Estimated Time per Respondent: 18
hrs., 40 min.
Estimated Total Annual Burden
Hours: 1,120,200.
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.
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: October 12, 2021.
Kerry Dennis,
Tax Analyst.
[FR Doc. 2021–22523 Filed 10–14–21; 8:45 am]
BILLING CODE 4830–01–P
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]]>Agencies
[Federal Register Volume 86, Number 197 (Friday, October 15, 2021)]
[Notices]
[Page 57475]
From the Federal Register Online via the Government Publishing Office [www.gpo.gov]
[FR Doc No: 2021-22523]
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DEPARTMENT OF THE TREASURY
Internal Revenue Service
Proposed Collection; Comment Request for Form 712, Life Insurance
Statement
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
continuing information collections, as required by the Paperwork
Reduction Act of 1995. The IRS is soliciting comments concerning life
insurance statements.
DATES: Written comments should be received on or before December 14,
2021 to be assured of consideration.
ADDRESSES: Direct all written comments to Kerry Dennis, 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 should be directed to Kerry Dennis, at (202) 317-
5751 or Internal Revenue Service, Room 6526, 1111 Constitution Avenue
NW, Washington, DC 20224, or through the internet, at
[email protected].
SUPPLEMENTARY INFORMATION:
Title: Life Insurance Statement.
OMB Number: 1545-0022.
Form Number: 712.
Abstract: Form 712 provides taxpayers and the IRS with information
to determine if insurance on the decedent's life is includible in the
gross estate and to determine the value of the policy for estate and
gift tax purposes. The tax is based on the value of the life insurance
policy.
Current Actions: There is no change in the form or paperwork burden
previously approved.
Type of Review: Extension of a currently approved collection.
Affected Public: Business or other for-profit organizations.
Estimated Number of Respondents: 60,000.
Estimated Time per Respondent: 18 hrs., 40 min.
Estimated Total Annual Burden Hours: 1,120,200.
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.
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: October 12, 2021.
Kerry Dennis,
Tax Analyst.
[FR Doc. 2021-22523 Filed 10-14-21; 8:45 am]
BILLING CODE 4830-01-P
