Proposed Collection; Comment Request for Waiver of Right to Consistent Agreement of Partnership Items and Partnership-Level Determinations as to Penalties, Additions to Tax, and Additional Amounts, 12775-12776 [2022-04706]

Agencies

• Internal Revenue Service
• DEPARTMENT OF THE TREASURY

[Federal Register Volume 87, Number 44 (Monday, March 7, 2022)]
[Notices]
[Pages 12775-12776]
From the Federal Register Online via the Government Publishing Office [www.gpo.gov]
[FR Doc No: 2022-04706]


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DEPARTMENT OF THE TREASURY

Internal Revenue Service


Proposed Collection; Comment Request for Waiver of Right to 
Consistent Agreement of Partnership Items and Partnership-Level 
Determinations as to Penalties, Additions to Tax, and Additional 
Amounts

AGENCY: Internal Revenue Service (IRS), Treasury.

ACTION: Notice and request for comments.

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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

[[Page 12776]]

information collections, as required by the Paperwork Reduction Act of 
1995. The IRS is soliciting comments concerning procedure for waiver of 
right to consistent agreement of partnership items and partnership-
level determinations as to penalties, additions to tax, and additional 
amounts.

DATES: Written comments should be received on or before May 6, 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, or by email to [email protected]. Include OMB control number 
1545-1969 or Waiver of Right to Consistent Agreement of Partnership 
Items and Partnership-Level Determinations as to Penalties, Additions 
to Tax, and Additional Amounts in the subject line of the message.

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: Waiver of Right to Consistent Agreement of Partnership Items 
and Partnership-Level Determinations as to Penalties, Additions to Tax, 
and Additional Amounts.
    OMB Number: 1545-1569.
    Form Number: 13751.
    Abstract: The information requested on Form 13751 will be used to 
determine the eligibility for participation in the settlement 
initiative of taxpayers related through TEFRA partnerships to 
ineligible applicants. Such determinations will involve partnership 
items and partnership-level determinations, as well as the calculation 
of tax liabilities resolved under this initiative, including penalties 
and interest.
    Current Actions: There is no change to the regulation or burden at 
this time.
    Type of Review: Extension of a currently approved collection.
    Affected Public: Individuals or households, Business or other for-
profit organizations, not-for-profit institutions.
    Estimated Number of Respondents: 100.
    Estimated Time per Respondent: 1 hours.
    Estimated Total Annual Burden Hours: 100 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 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: March 1, 2022.
Kerry L. Dennis,
Tax Analyst.
[FR Doc. 2022-04706 Filed 3-4-22; 8:45 am]
BILLING CODE 4830-01-P