Proposed Collection; Comment Request for Guidance on Reporting Interest Paid to Nonresident Aliens, 70608-70609 [2021-26703]

Download as PDF 70608 Dated: December 6, 2021. Bradley T. Smith, Acting Director, Office of Foreign Assets Control, U.S. Department of the Treasury. [FR Doc. 2021–26758 Filed 12–9–21; 8:45 am] BILLING CODE 4810–AL–C DEPARTMENT OF THE TREASURY Internal Revenue Service Proposed Collection; Comment Request for Guidance on Reporting Interest Paid to Nonresident Aliens Internal Revenue Service (IRS), Treasury. ACTION: Notice and request for comments for guidance on reporting interest paid to nonresident aliens. 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 guidance on reporting interest paid to nonresident aliens. DATES: Written comments should be received on or before February 8, 2022 to be assured of consideration. jspears on DSK121TN23PROD with NOTICES1 SUMMARY: VerDate Sep<11>2014 17:03 Dec 09, 2021 Jkt 256001 Direct all written comments to Andres Garcia, 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 at Internal Revenue Service, Room 6526, 1111 Constitution Avenue NW, Washington DC 20224, or through the internet, at Kerry.Dennis@irs.gov. SUPPLEMENTARY INFORMATION: Title: Guidance on Reporting Interest Paid to Nonresident Aliens. OMB Number: 1545–1725. Regulation Project Number: TD 9584. Abstract: This document contains final regulations that provide guidance on the reporting requirements for interest on deposits maintained at the U. S. office of certain financial institutions and paid to nonresident alien individuals. These proposed regulations affect persons making payments of interest with respect to such a deposit. Current Actions: There is no change to the existing regulation or burden at this time. Type of Review: Extension of a currently approved collection. Affected Public: Businesses or other for-profit organizations. ADDRESSES: PO 00000 Frm 00179 Fmt 4703 Sfmt 4703 Estimated Number of Respondents: 2,000. Estimated Time per Respondent: 15 minutes. Estimated Total Annual Burden Hours: 5,000 hours. 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 E:\FR\FM\10DEN1.SGM 10DEN1 EN10DE21.008</GPH> Federal Register / Vol. 86, No. 235 / Friday, December 10, 2021 / Notices Federal Register / Vol. 86, No. 235 / Friday, December 10, 2021 / Notices 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: December 6, 2021. Kerry L. Dennis, Tax Analyst. [FR Doc. 2021–26703 Filed 12–9–21; 8:45 am] BILLING CODE 4830–01–P DEPARTMENT OF TREASURY Internal Revenue Service Electronic Tax Administration Advisory Committee (ETAAC) Nominations Internal Revenue Service, Department of Treasury. ACTION: Request for nominations. AGENCY: The Internal Revenue Service (IRS) is requesting applications from individuals with experience in such areas as state tax administration, cybersecurity and information security, tax software development, tax preparation, payroll and tax financial product processing, systems management and improvement, implementation of customer service initiatives, public administration, and consumer advocacy to be considered for selection as members of the Electronic Tax Administration Advisory Committee (ETAAC). DATES: Written nominations must be received on or before Jan. 31, 2022. ADDRESSES: Applications may be submitted via fax to 855–811–8020 or via email to PublicLiaison@irs.gov. Application packages are available on the IRS website at https://www.irs.gov/ e-file-providers/apply-for-membershipon-the-electronic-tax-administrationadvisory-committee-etaac. Application packages may also be requested by telephone from National Public Liaison, 202–317–6247 (not a toll-free number). FOR FURTHER INFORMATION CONTACT: Sean Parman at (202) 317–6247, or send an email to publicliaison@irs.gov. jspears on DSK121TN23PROD with NOTICES1 SUMMARY: VerDate Sep<11>2014 17:03 Dec 09, 2021 Jkt 256001 The IRS strongly encourages representatives from consumer groups with an interest in tax issues to apply. Nominations should describe and document the proposed member’s qualifications for ETAAC membership, including the applicant’s knowledge of regulations and the applicant’s past or current affiliations and involvement with the particular tax segment or segments of the community that the applicant wishes to represent on the committee. Applications will be accepted for current vacancies from qualified individuals and from professional and public interest groups that wish to have representation on ETAAC. Submissions must include an application and resume. ETAAC provides continuing input into the development and implementation of the IRS organizational strategy for electronic tax administration. The ETAAC provides an organized public forum for discussion of electronic tax administration issues— such as prevention of identity theftrelated refund fraud—in support of the overriding goal that paperless filing should be the preferred and most convenient method of filing tax and information returns. ETAAC members work closely with the Security Summit, a joint effort of the IRS, state tax administrators and the nation’s tax industry, to fight identity theft and refund fraud. ETAAC members convey the public’s perceptions of IRS electronic tax administration activities, offer constructive observations about current or proposed policies, programs and procedures, and suggest improvements. This is a volunteer position. Members will serve three-year terms on the ETAAC to allow for a rotation in membership and ensure different perspectives are represented. Travel expenses within government guidelines will be reimbursed. In accordance with Department of Treasury Directive 21–03, a clearance process including fingerprints, annual tax checks, a Federal Bureau of Investigation criminal check and a practitioner check with the Office of Professional Responsibility will be conducted. The establishment and operation of the Electronic Tax Administration SUPPLEMENTARY INFORMATION: PO 00000 Frm 00180 Fmt 4703 Sfmt 9990 70609 Advisory Committee (ETAAC) is required by the Internal Revenue Service (IRS) Restructuring and Reform Act of 1998 (RRA 98), Title II, Section 2001(b)(2). ETAAC follows a charter in accordance with the provisions of the Federal Advisory Committee Act (FACA), 5 U.S.C., app. 2. The ETAAC provides continued input into the development and implementation of the IRS’s strategy for electronic tax administration. The ETAAC will research, analyze, consider, and make recommendations on a wide range of electronic tax administration issues and will provide input into the development of the strategic plan for electronic tax administration. Members will provide an annual report to Congress by June 30. Applicants must complete the application form, which includes describing and documenting the applicant’s qualifications for ETAAC membership. Applicants must submit a short one or two-page statement including recent examples of specific skills and qualifications as they relate to: cybersecurity and information security, tax software development, tax preparation, payroll and tax financial product processing, systems management and improvement, implementation of customer service initiatives, consumer advocacy and public administration. Examples of critical thinking, strategic planning and oral and written communication are desirable. An acknowledgement of receipt will be sent to all applicants. Equal opportunity practices will be followed in all appointments to the ETAAC in accordance with Department of Treasury and IRS policies. The IRS has a special interest in assuring that women and men, members of all races and national origins, and individuals with disabilities have an opportunity to serve on advisory committees. Therefore, IRS extends particular encouragement to nominations from such appropriately qualified individuals. Dated: December 6, 2022. John A. Lipold, Designated Federal Official. [FR Doc. 2021–26776 Filed 12–9–21; 8:45 am] BILLING CODE P E:\FR\FM\10DEN1.SGM 10DEN1

Agencies

[Federal Register Volume 86, Number 235 (Friday, December 10, 2021)]
[Notices]
[Pages 70608-70609]
From the Federal Register Online via the Government Publishing Office [www.gpo.gov]
[FR Doc No: 2021-26703]


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DEPARTMENT OF THE TREASURY

Internal Revenue Service


Proposed Collection; Comment Request for Guidance on Reporting 
Interest Paid to Nonresident Aliens

AGENCY: Internal Revenue Service (IRS), Treasury.

ACTION: Notice and request for comments for guidance on reporting 
interest paid to nonresident aliens.

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

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 
guidance on reporting interest paid to nonresident aliens.

DATES: Written comments should be received on or before February 8, 
2022 to be assured of consideration.

ADDRESSES: Direct all written comments to Andres Garcia, 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 at Internal Revenue Service, Room 6526, 1111 Constitution 
Avenue NW, Washington DC 20224, or through the internet, at 
[email protected].

SUPPLEMENTARY INFORMATION:
    Title: Guidance on Reporting Interest Paid to Nonresident Aliens.
    OMB Number: 1545-1725.
    Regulation Project Number: TD 9584.
    Abstract: This document contains final regulations that provide 
guidance on the reporting requirements for interest on deposits 
maintained at the U. S. office of certain financial institutions and 
paid to nonresident alien individuals. These proposed regulations 
affect persons making payments of interest with respect to such a 
deposit.
    Current Actions: There is no change to the existing regulation or 
burden at this time.
    Type of Review: Extension of a currently approved collection.
    Affected Public: Businesses or other for-profit organizations.
    Estimated Number of Respondents: 2,000.
    Estimated Time per Respondent: 15 minutes.
    Estimated Total Annual Burden Hours: 5,000 hours.
    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

[[Page 70609]]

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: December 6, 2021.
Kerry L. Dennis,
Tax Analyst.
[FR Doc. 2021-26703 Filed 12-9-21; 8:45 am]
BILLING CODE 4830-01-P