Proposed Extension of Information Collection Request Submitted for Public Comment; Comment Request for Form 6252, 16313-16314 [2022-06000]
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lotter on DSK11XQN23PROD with NOTICES1
Federal Register / Vol. 87, No. 55 / Tuesday, March 22, 2022 / Notices
employee. Employers use Form 8844 to
claim the empowerment zone and
renewal community employment credit.
Current Actions: There is no change
in the paperwork burden previously
approved by the Office of Management
and Budget (OMB). This form is being
submitted for renewal purposes only.
Type of Review: Extension of a
currently approved collection.
Affected Public: Business or other forprofit organizations, individuals or
households, farms and not-for-profit
institutions.
Estimated Number of Respondents:
25.
Estimated Time per Respondent: 6
hrs., 33 min.
Estimated Total Annual Burden
Hours: 158.
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.
Desired Focus of Comments: The
Internal Revenue Service (IRS) is
particularly interested in comments
that:
• Evaluate whether the proposed
collection of information is necessary
for the proper performance of the
functions of the agency, including
whether the information will have
practical utility.
• Evaluate the accuracy of the
agency’s estimate of the burden of the
proposed collection of information,
including the validity of the
methodology and assumptions used.
• Enhance the quality, utility, and
clarity of the information to be
collected; and
• Minimize the burden of the
collection of information on those who
are to respond, including using
appropriate automated, electronic,
mechanical, or other technological
collection techniques or other forms of
information technology, e.g., by
permitting electronic submissions of
responses.
Comments submitted in response to
this notice will be summarized and/or
included in the information collection
request (ICR) for OMB approval of the
extension of the information collection;
VerDate Sep<11>2014
18:24 Mar 21, 2022
Jkt 256001
they will also become a matter of public
record.
Approved: March 16, 2022.
Ronald J. Durbala,
IRS Tax Analyst.
[FR Doc. 2022–06013 Filed 3–21–22; 8:45 am]
BILLING CODE 4830–01–P
DEPARTMENT OF THE TREASURY
Internal Revenue Service
Proposed Extension of Information
Collection Request Submitted for
Public Comment; Comment Request
for Form 6252
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 public and other Federal
agencies to take this opportunity to
comment on proposed and/or
continuing information collections, as
required by the Paperwork Reduction
Act of 1995. Currently, the IRS is
soliciting comments concerning Form
6252, Installment Sale Income.
DATES: Written comments should be
received on or before May 23, 2022 to
be assured of consideration.
ADDRESSES: Direct all written comments
to Andre´s Garcia, Internal Revenue
Service, Room 6526, 1111 Constitution
Avenue NW, Washington, DC 20224, or
by email to omb.unit@irs.gov. Please
include, ‘‘OMB Number: 1545–0228—
Public Comment Request Notice’’ in the
Subject line.
FOR FURTHER INFORMATION CONTACT:
Requests for additional information or
copies of the form and instructions
should be directed to Ronald J. Durbala,
at (202) 317–5746, at Internal Revenue
Service, Room 6526, 1111 Constitution
Avenue NW, Washington, DC 20224, or
through the internet at
RJoseph.Durbala@irs.gov.
SUPPLEMENTARY INFORMATION:
Title: Installment Sale Income.
OMB Number: 1545–0228.
Project Number: Form 6252.
Abstract: Internal Revenue Code
section 453 provides that if real or
personal property is disposed of at a
gain and at least one payment is to be
received in a tax year after the year of
sale, the income is to be reported in
installments, as payment is received.
Form 6252 provides for the computation
of income to be reported in the year of
sale and in years after the year of sale.
SUMMARY:
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Fmt 4703
Sfmt 4703
16313
It also provides for the computation of
installment sales between certain
related parties required by Code section
453(e).
Current Actions: There is no change
in the paperwork burden previously
approved by OMB. This form is being
submitted for renewal purposes only.
Type of Review: Extension of a
currently approved collection.
Affected Public: Business or other forprofit organizations, individuals or
households, and farms.
Estimated Number of Respondents:
521,898.
Estimated Time per Respondent: 3
hrs., 4 min.
Estimated Total Annual Burden
Hours: 1,597,008.
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.
Desired Focus of Comments: The
Internal Revenue Service (IRS) is
particularly interested in comments
that:
• Evaluate whether the proposed
collection of information is necessary
for the proper performance of the
functions of the agency, including
whether the information will have
practical utility.
• Evaluate the accuracy of the
agency’s estimate of the burden of the
proposed collection of information,
including the validity of the
methodology and assumptions used.
• Enhance the quality, utility, and
clarity of the information to be
collected; and
• Minimize the burden of the
collection of information on those who
are to respond, including using
appropriate automated, electronic,
mechanical, or other technological
collection techniques or other forms of
information technology, e.g., by
permitting electronic submissions of
responses.
Comments submitted in response to
this notice will be summarized and/or
included in the ICR for OMB approval
of the extension of the information
collection; they will also become a
matter of public record.
E:\FR\FM\22MRN1.SGM
22MRN1
16314
Federal Register / Vol. 87, No. 55 / Tuesday, March 22, 2022 / Notices
Approved: March 16, 2022.
Ronald J. Durbala,
IRS Tax Analyst.
[FR Doc. 2022–06000 Filed 3–21–22; 8:45 am]
BILLING CODE 4830–01–P
DEPARTMENT OF THE TREASURY
Internal Revenue Service
Proposed Extension of Information
Collection Request Submitted for
Public Comment; Comment Request
for Form 1041–T
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 public and other Federal
agencies to take this opportunity to
comment on proposed and/or
continuing information collections, as
required by the Paperwork Reduction
Act of 1995. Currently, the IRS is
soliciting comments concerning Form
1041–T, Allocation of Estimated Tax
Payments to Beneficiaries (Under Code
section 643(g)).
DATES: Written comments should be
received on or before May 23, 2022 to
be assured of consideration.
ADDRESSES: Direct all written comments
to Andre´s Garcia, Internal Revenue
Service, Room 6526, 1111 Constitution
Avenue NW, Washington, DC 20224, or
by email to omb.unit@irs.gov. Please
include, ‘‘OMB Number: 1545–1020—
Public Comment Request Notice’’ in the
Subject line.
FOR FURTHER INFORMATION CONTACT:
Requests for additional information or
copies of the form and instructions
should be directed to Ronald J. Durbala,
at (202) 317–5746, at Internal Revenue
Service, Room 6526, 1111 Constitution
Avenue NW, Washington, DC 20224, or
through the internet at
RJoseph.Durbala@irs.gov.
SUPPLEMENTARY INFORMATION:
Title: Allocation of Estimated Tax
Payments to Beneficiaries (Under Code
section 643(g)).
OMB Number: 1545–1020.
Project Number: Form 1041–T.
Abstract: This form allows a trustee of
a trust or an executor of an estimate to
make an election under Internal
Revenue Code section 643(g) to allocate
any payment of estimated tax to a
beneficiary(ies). The IRS uses the
information on the form to determine
the correct amounts that are to be
lotter on DSK11XQN23PROD with NOTICES1
SUMMARY:
VerDate Sep<11>2014
18:24 Mar 21, 2022
Jkt 256001
transferred from the fiduciary’s account
to the individual’s account.
Current Actions: Changes to comply
with current tax laws and updates in the
burden estimates will result in a burden
increase of 725 hours. This form is being
submitted for renewal purposes only.
Type of Review: Revision of a
currently approved collection.
Affected Public: Business or other forprofit organizations.
Estimated Number of Respondents:
2,381.
Estimated Time per Respondent: 42
min.
Estimated Total Annual Burden
Hours: 1,715.
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 Office of Management
and Budget (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.
Desired Focus of Comments: The
Internal Revenue Service (IRS) is
particularly interested in comments
that:
• Evaluate whether the proposed
collection of information is necessary
for the proper performance of the
functions of the agency, including
whether the information will have
practical utility.
• Evaluate the accuracy of the
agency’s estimate of the burden of the
proposed collection of information,
including the validity of the
methodology and assumptions used.
• Enhance the quality, utility, and
clarity of the information to be
collected; and
• Minimize the burden of the
collection of information on those who
are to respond, including using
appropriate automated, electronic,
mechanical, or other technological
collection techniques or other forms of
information technology, e.g., by
permitting electronic submissions of
responses.
Comments submitted in response to
this notice will be summarized and/or
included in the information collection
request (ICR) for OMB approval of the
extension of the information collection;
they will also become a matter of public
record.
PO 00000
Frm 00153
Fmt 4703
Sfmt 4703
Approved: March 16, 2022.
Ronald J. Durbala,
IRS Tax Analyst.
[FR Doc. 2022–06010 Filed 3–21–22; 8:45 am]
BILLING CODE 4830–01–P
DEPARTMENT OF THE TREASURY
Agency Information Collection
Activities; Submission for OMB
Review; Comment Request; Rulings
and Determination Letters
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 (PRA), on or after
the date of publication of this notice.
The public is invited to submit
comments on these requests.
DATES: Comments must be received on
or before April 21, 2022.
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 Molly Stasko by emailing
PRA@treasury.gov, calling (202) 622–
8922, or viewing the entire information
collection request at www.reginfo.gov.
SUPPLEMENTARY INFORMATION: 1. Title:
Rulings and determination letters.
OMB Control Number: 1545–1522.
Type of Review: Reinstatement with
change of a previously approved
collection.
Description: This revenue procedure
explains how the Service provides
advice to taxpayers on issues under the
jurisdiction of the Associate Chief
Counsel (Corporate), the Associate Chief
Counsel (Employee Benefits, Exempt
Organizations, and Employment Taxes),
the Associate Chief Counsel (Financial
Institutions and Products), the Associate
Chief Counsel (Income Tax and
Accounting), the Associate Chief
Counsel (International), the Associate
Chief Counsel (Passthroughs and
Special Industries), and the Associate
Chief Counsel (Procedure and
Administration). It explains the forms of
SUMMARY:
E:\FR\FM\22MRN1.SGM
22MRN1
]]>Agencies
[Federal Register Volume 87, Number 55 (Tuesday, March 22, 2022)]
[Notices]
[Pages 16313-16314]
From the Federal Register Online via the Government Publishing Office [www.gpo.gov]
[FR Doc No: 2022-06000]
-----------------------------------------------------------------------
DEPARTMENT OF THE TREASURY
Internal Revenue Service
Proposed Extension of Information Collection Request Submitted
for Public Comment; Comment Request for Form 6252
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 public and other
Federal agencies to take this opportunity to comment on proposed and/or
continuing information collections, as required by the Paperwork
Reduction Act of 1995. Currently, the IRS is soliciting comments
concerning Form 6252, Installment Sale Income.
DATES: Written comments should be received on or before May 23, 2022 to
be assured of consideration.
ADDRESSES: Direct all written comments to Andr[eacute]s Garcia,
Internal Revenue Service, Room 6526, 1111 Constitution Avenue NW,
Washington, DC 20224, or by email to [email protected]. Please include,
``OMB Number: 1545-0228--Public Comment Request Notice'' in the Subject
line.
FOR FURTHER INFORMATION CONTACT: Requests for additional information or
copies of the form and instructions should be directed to Ronald J.
Durbala, at (202) 317-5746, at Internal Revenue Service, Room 6526,
1111 Constitution Avenue NW, Washington, DC 20224, or through the
internet at [email protected].
SUPPLEMENTARY INFORMATION:
Title: Installment Sale Income.
OMB Number: 1545-0228.
Project Number: Form 6252.
Abstract: Internal Revenue Code section 453 provides that if real
or personal property is disposed of at a gain and at least one payment
is to be received in a tax year after the year of sale, the income is
to be reported in installments, as payment is received. Form 6252
provides for the computation of income to be reported in the year of
sale and in years after the year of sale. It also provides for the
computation of installment sales between certain related parties
required by Code section 453(e).
Current Actions: There is no change in the paperwork burden
previously approved by OMB. This form is being submitted for renewal
purposes only.
Type of Review: Extension of a currently approved collection.
Affected Public: Business or other for-profit organizations,
individuals or households, and farms.
Estimated Number of Respondents: 521,898.
Estimated Time per Respondent: 3 hrs., 4 min.
Estimated Total Annual Burden Hours: 1,597,008.
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.
Desired Focus of Comments: The Internal Revenue Service (IRS) is
particularly interested in comments that:
Evaluate whether the proposed collection of information is
necessary for the proper performance of the functions of the agency,
including whether the information will have practical utility.
Evaluate the accuracy of the agency's estimate of the
burden of the proposed collection of information, including the
validity of the methodology and assumptions used.
Enhance the quality, utility, and clarity of the
information to be collected; and
Minimize the burden of the collection of information on
those who are to respond, including using appropriate automated,
electronic, mechanical, or other technological collection techniques or
other forms of information technology, e.g., by permitting electronic
submissions of responses.
Comments submitted in response to this notice will be summarized
and/or included in the ICR for OMB approval of the extension of the
information collection; they will also become a matter of public
record.
[[Page 16314]]
Approved: March 16, 2022.
Ronald J. Durbala,
IRS Tax Analyst.
[FR Doc. 2022-06000 Filed 3-21-22; 8:45 am]
BILLING CODE 4830-01-P
