Agency Information Collection Activities; Submission for OMB Review; Comment Request; U.S. Income Tax Return Forms for Individual Taxpayers, 72686-72687 [2021-27704]
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72686
Federal Register / Vol. 86, No. 243 / Wednesday, December 22, 2021 / Notices
REG–113572–99 (TD 8933) Qualified
Transportation Fringe Benefits
Revenue Procedure 2016–1, Rulings and
determination letters—26 CFR 601–.201
26 CFR 31.6001–1 Records in general; 26 CFR
31.6001–2 Additional Records under FICA;
26 CFR 31.6001–3, Additional records
under Railroad Retirement Tax Act; 26 CFR
31.6001–5 Additional records
IA–44–94 (Final) Deductibility,
Substantiation, and Disclosure of Certain
Charitable Contributions
Notice 2005–41, Guidance Regarding
Qualified Intellectual Property
Contributions
De Minimis Error Safe Harbor to the I.R.C.
§§ 6721 and 6722 Penalties
Substantiation of Charitable Contributions—
TD 8002
Qualified Conservation Contributions
TD 7852—Registration Requirements with
Respect to Debt Obligations (NPRM, LR–
255–82)
Notice 2007–70—Charitable Contributions of
Certain Motor Vehicles, Boats, and
Airplanes. Reporting requirements under
Sec. 170(f)(12)(D)
TD 8124—Time and Manner of Making
Certain Elections Under the Tax Reform
Act of 1986
EE–14–81 (NPRM) Deductions and
Reductions in Earnings and Profits (or
Accumulated Profits) With Respect to
Certain Foreign Deferred Compensation
Plans Maintained by Certain Foreign
Corporations
TD 9724—Summary of Benefits and Coverage
Disclosures
TD 7845—Inspection of Applications for Tax
Exemption and Applications for
Determination Letters for Pension and
Other Plans (Final)
REG–130477–00; REG–130481–00 (TD
8987—Final), Required Distributions From
Retirement Plans
EE–175–86 (Final) Certain Cash or Deferred
Arrangements and Employee and Matching
Contributions under Employee Plans:
REG–108639–99 (NPRM) Retirement Plans;
Cash or Deferred Arrangements
Change in Minimum Funding Method (Rev.
Proc. 2000–41)
REG–109481–99 (TD 9076—Final) Special
Rules Under Section 417(a)(7) for Written
Explanations Provided by Qualified
Retirement Plans After Annuity Starting
Dates
TD 9472 (Final)—Notice Requirements for
Certain Pension Plan Amendments
Significantly Reducing the Rate of Future
Benefit Accrual
T.D. 9079—Ten or More Employer Plan
Compliance Information
Waivers of Minimum Funding Standards—
Revenue Procedure 2004–15
Election of Alternative Deficit Reduction
Contribution and Plan Amendments
Revenue Procedure 2010–52, Extension of
the Amortization Period for Plan Sponsor
of a Multiemployer Pension Plan
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17:55 Dec 21, 2021
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Designated Roth Contributions to Cash or
Deferred Arrangements Under Section
401(k)
Notice 2005–40, Election to Defer Net
Experience Loss in a Multiemployer Plan
Notice 2006–107—Diversification
Requirements for Qualified Defined
Contribution Plans
Holding Publicly Traded Employer Securities
Revised Regulations Concerning Section
403(b) Tax-Sheltered Annuity Contracts—
TD 9340 (Final)
TD 9447 (Final) Automatic Contribution
Arrangements
NOT–2009–31—Election and Notice
Procedures for Multiemployer Plans under
Sections 204 and 205 of WRERA
Relief and Guidance on Corrections of
Certain Failures of a Nonqualified Deferred
Compensation Plan to Comply with
§ 409A(a)
Suspension of Benefits Under the
Multiemployer Pension Reform Act of
2014; Administration of Multiemployer
Plan Participant Vote
REG–209823–96 (TD 8791)—Guidance
Regarding Charitable Remainder Trusts
and Special Valuation Rules for Transfer of
Interests in Trusts
[FR Doc. 2021–27745 Filed 12–21–21; 8:45 am]
BILLING CODE 4810–25–P
DEPARTMENT OF THE TREASURY
Agency Information Collection
Activities; Submission for OMB
Review; Comment Request; U.S.
Income Tax Return Forms for
Individual Taxpayers
Departmental Offices, U.S.
Department of the Treasury.
ACTION: Notice.
AGENCY:
The Department of the
Treasury will submit the following
information collection requests to the
Office of Management and Budget
(OMB) for review and clearance in
accordance with the Paperwork
Reduction Act of 1995, on or after the
date of publication of this notice. The
public is invited to submit comments on
these requests.
DATES: Comments should be received on
or before January 21, 2022 to be assured
of consideration.
ADDRESSES: 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
SUMMARY:
PO 00000
Frm 00113
Fmt 4703
Sfmt 4703
for Public Comments’’ or by using the
search function.
FOR FURTHER INFORMATION CONTACT:
Copies of the submissions may be
obtained from Spencer W. Clark by
emailing PRA@treasury.gov, calling
(202) 927–5331, or viewing the entire
information collection request at
www.reginfo.gov.
SUPPLEMENTARY INFORMATION:
Internal Revenue Service (IRS)
Title: U.S. Income Tax Return for
Individual Taxpayers.
OMB Control Number: 1545–0074.
Forms: Form 1040 and affiliated
return forms.
Type of Review: Revision of a
currently approved collection.
Description: IRC sections 6011 & 6012
of the Internal Revenue Code require
individuals to prepare and file income
tax returns annually. These forms and
related schedules are used by
individuals to report their income
subject to tax and compute their correct
tax liability. This information collection
request (ICR) covers the actual reporting
burden associated with preparing and
submitting the prescribed return forms,
by individuals required to file Form
1040 and any of its’ affiliated forms as
explained in the attached table.
There have been changes in regulatory
guidance related to various forms
approved under this approval package
during the past year. There have been
additions and removals of forms
included in this approval package. A
summary of the burden on respondents
is given below and fuller discussion is
available in the supporting documents
submitted to OMB.
Affected Public: Individuals or
Households, Farms.
Estimated Number of Respondents:
163,600,000.
Frequency of Response: Annually.
Estimated Total Number of Annual
Responses: 163,600,000.
Estimated Time per Response: 12
hours, 31 minutes.
Estimated Total Annual Burden
Hours: 2,048,000,000.
Authority: 44 U.S.C. 3501 et seq.
Dated: December 16, 2021.
Spencer W. Clark,
Treasury PRA Clearance Officer.
E:\FR\FM\22DEN1.SGM
22DEN1
72687
Federal Register / Vol. 86, No. 243 / Wednesday, December 22, 2021 / Notices
ESTIMATED AVERAGE TAXPAYER BURDEN FOR INDIVIDUALS FILING A 1040 BY ACTIVITY
Primary form filed or type of taxpayer
Time burden
Money burden
Average time burden
(Hours) ***
Percentage of
returns
All Taxpayers
Type of Taxpayer
Nonbusiness ** ...........
Business ** .................
100
........................
72
28
Total time
Record
keeping
Tax planning
Form
completion
and
submission
13
........................
9
22
6
........................
3
12
2
........................
1
4
4
........................
3
5
All other
1
........................
1
2
Average cost
(dollars)
Total
monetized
burden
(dollars)
$240
........................
160
470
$460
........................
290
900
Note: This table does not include 1040NR, 1040NR–EZ, and 1040X filers.
Detail may not add to total due to rounding. Dollars rounded to the nearest $10.
** A ‘‘business’’ filer files one or more of the following with Form 1040: Schedule C, C–EZ, E, F, Form 2106, or 2106–EZ. A ‘‘non-business’’ filer does not file any of
these schedules or forms with Form 1040.
*** Times are rounded to nearest hour.
The following table shows the average
burden estimate for individual entities
by total positive income. Total positive
income is defined as the sum of all
positive income amounts reported on
the return.
TAXPAYER BURDEN STATISTICS BY TOTAL POSITIVE INCOME QUINTILE
Average time
(hours)
All filers
Total positive income quintiles:
0 to 20 ..................................................................................................................................
20 to 40 ................................................................................................................................
40 to 60 ................................................................................................................................
60 to 80 ................................................................................................................................
80 to 100 ..............................................................................................................................
Average
out-of-pocket
costs
Average total
monetized
burden
8.1
11.2
11.6
12.8
19.2
$79
130
172
241
600
$144
237
318
455
1,161
7.2
9.6
9.0
8.9
10.1
70
117
150
198
333
$127
212
273
370
658
12.9
19.2
20.9
21.4
27.1
126
190
250
333
833
$228
358
475
642
1,599
Wage and Investment Filers
Total Income Decile:
0 to 20 ..................................................................................................................................
20 to 40 ................................................................................................................................
40 to 60 ................................................................................................................................
60 to 80 ................................................................................................................................
80 to 100 ..............................................................................................................................
Self Employed Filers
Total Income Decile:
0 to 20 ..................................................................................................................................
20 to 40 ................................................................................................................................
40 to 60 ................................................................................................................................
60 to 80 ................................................................................................................................
80 to 100 ..............................................................................................................................
[FR Doc. 2021–27704 Filed 12–21–21; 8:45 am]
Date
Time
January 25, 2022
1:00 p.m.–5:00 p.m. Eastern Standard Time
(EST).
1:00 p.m.–5:00 p.m. EST.
1:00 p.m.–5:00 p.m. EST.
khammond on DSKJM1Z7X2PROD with NOTICES
BILLING CODE 4830–01–P
DEPARTMENT OF VETERANS
AFFAIRS
January 26, 2022
January 27, 2022
Advisory Committee on Tribal and
Indian Affairs, Notice of Meeting
These meeting sessions are open to
the public. To access the meetings,
please use the following registration
link: https://www.zoomgov.com/
meeting/register/vJItcO2hpzMsG9
dbmWEES3Gw8mE2rJMry8U.
Participants need to register for the
meeting then will receive a link to
access it each day.
The purpose of the Committee is to
advise the Secretary on all matters
The Department of Veterans Affairs
(VA) gives notice under the Federal
Advisory Committee Act, 5 U.S.C. App.
2., that the Advisory Committee on
Tribal and Indian Affairs will virtually
meet on January 25, 26, and 27, 2022 via
our using Zoom platform. The meeting
session will begin and end as follows:
VerDate Sep<11>2014
17:55 Dec 21, 2021
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relating to Indian Tribes, tribal
organizations, Native Hawaiian
organizations, and Native American
Veterans. This includes advising the
Secretary on the administration of
healthcare services and benefits to
American Indians and Alaska Native
Veterans; thereby assessing those needs
and whether VA is meeting them. The
Advisory Committee on Tribal and
Indian Affairs is a newly formed FACA
Committee. The Committee provides
advice and guidance to the Secretary of
Veterans Affairs on all matters relating
to Indian tribes, tribal organizations,
Native Hawaiian organizations, and
Native American Veterans.
E:\FR\FM\22DEN1.SGM
22DEN1
]]>Agencies
[Federal Register Volume 86, Number 243 (Wednesday, December 22, 2021)]
[Notices]
[Pages 72686-72687]
From the Federal Register Online via the Government Publishing Office [www.gpo.gov]
[FR Doc No: 2021-27704]
-----------------------------------------------------------------------
DEPARTMENT OF THE TREASURY
Agency Information Collection Activities; Submission for OMB
Review; Comment Request; U.S. Income Tax Return Forms for Individual
Taxpayers
AGENCY: Departmental Offices, U.S. Department of the Treasury.
ACTION: Notice.
-----------------------------------------------------------------------
SUMMARY: The Department of the Treasury will submit the following
information collection requests to the Office of Management and Budget
(OMB) for review and clearance in accordance with the Paperwork
Reduction Act of 1995, on or after the date of publication of this
notice. The public is invited to submit comments on these requests.
DATES: Comments should be received on or before January 21, 2022 to be
assured of consideration.
ADDRESSES: 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.
FOR FURTHER INFORMATION CONTACT: Copies of the submissions may be
obtained from Spencer W. Clark by emailing [email protected], calling
(202) 927-5331, or viewing the entire information collection request at
www.reginfo.gov.
SUPPLEMENTARY INFORMATION:
Internal Revenue Service (IRS)
Title: U.S. Income Tax Return for Individual Taxpayers.
OMB Control Number: 1545-0074.
Forms: Form 1040 and affiliated return forms.
Type of Review: Revision of a currently approved collection.
Description: IRC sections 6011 & 6012 of the Internal Revenue Code
require individuals to prepare and file income tax returns annually.
These forms and related schedules are used by individuals to report
their income subject to tax and compute their correct tax liability.
This information collection request (ICR) covers the actual reporting
burden associated with preparing and submitting the prescribed return
forms, by individuals required to file Form 1040 and any of its'
affiliated forms as explained in the attached table.
There have been changes in regulatory guidance related to various
forms approved under this approval package during the past year. There
have been additions and removals of forms included in this approval
package. A summary of the burden on respondents is given below and
fuller discussion is available in the supporting documents submitted to
OMB.
Affected Public: Individuals or Households, Farms.
Estimated Number of Respondents: 163,600,000.
Frequency of Response: Annually.
Estimated Total Number of Annual Responses: 163,600,000.
Estimated Time per Response: 12 hours, 31 minutes.
Estimated Total Annual Burden Hours: 2,048,000,000.
Authority: 44 U.S.C. 3501 et seq.
Dated: December 16, 2021.
Spencer W. Clark,
Treasury PRA Clearance Officer.
[[Page 72687]]
Estimated Average Taxpayer Burden for Individuals Filing a 1040 by Activity
------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------
Primary form filed or type of taxpayer Time burden Money burden
------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------
Average time burden (Hours) ***
-------------------------------------------------------------------------------- Total
Percentage of Form Average cost monetized
returns Total time Record keeping Tax planning completion and All other (dollars) burden
submission (dollars)
------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------
All Taxpayers 100 13 6 2 4 1 $240 $460
Type of Taxpayer .............. .............. .............. .............. .............. .............. .............. ..............
Nonbusiness **.............................................. 72 9 3 1 3 1 160 290
Business **................................................. 28 22 12 4 5 2 470 900
------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------
Note: This table does not include 1040NR, 1040NR-EZ, and 1040X filers.
Detail may not add to total due to rounding. Dollars rounded to the nearest $10.
** A ``business'' filer files one or more of the following with Form 1040: Schedule C, C-EZ, E, F, Form 2106, or 2106-EZ. A ``non-business'' filer does not file any of these schedules or forms
with Form 1040.
*** Times are rounded to nearest hour.
The following table shows the average burden estimate for
individual entities by total positive income. Total positive income is
defined as the sum of all positive income amounts reported on the
return.
Taxpayer Burden Statistics by Total Positive Income Quintile
----------------------------------------------------------------------------------------------------------------
Average total
All filers Average time Average out-of- monetized
(hours) pocket costs burden
----------------------------------------------------------------------------------------------------------------
Total positive income quintiles:
0 to 20..................................................... 8.1 $79 $144
20 to 40.................................................... 11.2 130 237
40 to 60.................................................... 11.6 172 318
60 to 80.................................................... 12.8 241 455
80 to 100................................................... 19.2 600 1,161
----------------------------------------------------------------------------------------------------------------
Wage and Investment Filers
----------------------------------------------------------------------------------------------------------------
Total Income Decile:
0 to 20..................................................... 7.2 70 $127
20 to 40.................................................... 9.6 117 212
40 to 60.................................................... 9.0 150 273
60 to 80.................................................... 8.9 198 370
80 to 100................................................... 10.1 333 658
----------------------------------------------------------------------------------------------------------------
Self Employed Filers
----------------------------------------------------------------------------------------------------------------
Total Income Decile:
0 to 20..................................................... 12.9 126 $228
20 to 40.................................................... 19.2 190 358
40 to 60.................................................... 20.9 250 475
60 to 80.................................................... 21.4 333 642
80 to 100................................................... 27.1 833 1,599
----------------------------------------------------------------------------------------------------------------
[FR Doc. 2021-27704 Filed 12-21-21; 8:45 am]
BILLING CODE 4830-01-P
