Agency Information Collection Activities; Submission for OMB Review; Comment Request; U.S. Income Tax Return for Individual Taxpayers, 77675-77676 [2022-27468]
Download as PDF
<![CDATA[
Federal Register / Vol. 87, No. 242 / Monday, December 19, 2022 / Notices
registrants requesting to make
statements is greater than can be
reasonably accommodated during the
meeting, the GLS conduct a lottery to
determine the speakers. Speakers are
requested to submit a written copy of
their prepared remarks for inclusion in
the meeting records and for circulation
to GLS Advisory Board members. All
prepared remarks submitted will be
accepted and considered as part of the
meeting’s record. Any member of the
public may submit a written statement
after the meeting deadline, and it will be
presented to the committee.
The U.S. Department of
Transportation is committed to
providing equal access to this meeting
for all participants. If you need
alternative formats or services because
of a disability, such as sign language,
interpretation, or other ancillary aids,
please contact the person listed in the
FOR FURTHER INFORMATION CONTACT
section. Any member of the public may
present a written statement to the
Advisory Board at any time.
Issued at Washington, DC.
Carrie Lavigne,
(Approving Official), Chief Counsel, Great
Lakes St. Lawrence Seaway Development
Corporation.
[FR Doc. 2022–27369 Filed 12–16–22; 8:45 am]
BILLING CODE 4910–61–P
DEPARTMENT OF THE TREASURY
Notice of OFAC Sanctions Actions
Office of Foreign Assets
Control, Treasury.
ACTION: Notice.
AGENCY:
tkelley on DSK125TN23PROD with NOTICE
19:38 Dec 16, 2022
Jkt 259001
Notice of OFAC Actions
On December 6, 2022, OFAC
determined that the property and
interests in property subject to U.S.
jurisdiction of the following person is
blocked under the relevant sanctions
authorities listed below.
Individuals
1. CALDERON RIJO, Jose (a.k.a. ‘‘La
Arana’’ (Latin: ‘‘La Aran˜a’’)), Dominican
Republic; DOB 04 Dec 1969; POB La Romana,
Dominican Republic; nationality Dominican
Republic; citizen Dominican Republic;
Gender Male; Cedula No. 02601165380
(Dominican Republic) (individual) [ILLICIT–
DRUGS–EO14059]. Sanctioned pursuant to
section 1(a)(i) of Executive Order 14059 of
December 15, 2021, ‘‘Imposing Sanctions on
Foreign Persons Involved in the Global Illicit
Drug Trade’’ (the ‘‘Order’’), for having
engaged in, or attempted to engage in,
activities or transactions that have materially
contributed to, or pose a significant risk of
materially contributing to, the international
proliferation of illicit drugs or their means of
production.
[FR Doc. 2022–27453 Filed 12–16–22; 8:45 am]
BILLING CODE 4810–AL–P
The U.S. Department of the
Treasury’s Office of Foreign Assets
Control (OFAC) is publishing the names
of one or more persons that have been
placed on OFAC’s Specially Designated
Nationals and Blocked Persons List
(SDN List) based on OFAC’s
determination that one or more
applicable legal criteria were satisfied.
All property and interests in property
subject to U.S. jurisdiction of these
persons are blocked, and U.S. persons
are generally prohibited from engaging
in transactions with them.
DATES: See SUPPLEMENTARY INFORMATION
section for effective date(s).
FOR FURTHER INFORMATION CONTACT:
OFAC: Andrea Gacki, Director, tel.:
202–622–2490; Associate Director for
Global Targeting, tel.: 202–622–2420;
Assistant Director for Licensing, tel.:
202–622–2480; Assistant Director for
VerDate Sep<11>2014
Electronic Availability
The Specially Designated Nationals
and Blocked Persons List and additional
information concerning OFAC sanctions
programs are available on OFAC’s
website (www.treasury.gov/ofac).
Dated: December 6, 2022.
Andrea M. Gacki,
Director, Office of Foreign Assets Control,
U.S. Department of the Treasury.
Office of Foreign Assets Control
SUMMARY:
Regulatory Affairs, tel.: 202–622–4855;
or the Assistant Director for Sanctions
Compliance & Evaluation, tel.: 202–622–
2490.
SUPPLEMENTARY INFORMATION:
DEPARTMENT OF THE TREASURY
Agency Information Collection
Activities; Submission for OMB
Review; Comment Request; U.S.
Income Tax Return for Individual
Taxpayers
Departmental Offices,
Department of the Treasury.
ACTION: Notice.
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 the
burden associated with the U.S. Income
SUMMARY:
PO 00000
Frm 00129
Fmt 4703
Sfmt 4703
77675
Tax Return Forms for Individual
Taxpayers.
DATES: Comments should be received on
or before January 18, 2023 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.
Copies of the submissions may be
obtained from Melody Braswell by
emailing PRA@treasury.gov, calling
(202) 622–1035, 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.
Form Number: Form 1040 and
affiliated return forms.
Abstract: 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.
Current Actions: There have been
changes in regulatory guidance related
to various forms approved under this
approval package during the past year.
Additionally, there have been additions
and removals of some forms included in
this approval package. The number of
estimated filers for FY22 has been
increased based on data on the number
of Tax Year 2021 Form 1040 filings and
IRS models have been updated to
account for macroeconomic inputs such
as inflation. Overall, updated tax return
data adjustments result in a slightly
lower average time burden per response
and a slightly higher out-of-pocket cost
per response.
Affected Public: Individuals or
households.
Estimated Number of Respondents:
172,600,000.
Total Estimated Time: 2.211 billion
hours (2,211,000,000 hours).
Estimated Time per Respondent:
12.81 hours.
E:\FR\FM\19DEN1.SGM
19DEN1
77676
Federal Register / Vol. 87, No. 242 / Monday, December 19, 2022 / Notices
Total Estimated Monetized Time:
$42.460 billion ($42,460,000,000).
Estimated Monetized Time per
Respondent: $246.
Total Estimated Out-of-Pocket Costs:
$42.972 billion ($42,972,000,000).
Estimated Out-of-Pocket Cost per
Respondent: $249.
Total Monetized Burden Costs:
$85.432 billion ($85,432,000,000).
Estimated Total Monetized Burden
per Respondent: $495.
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 *** ................
Record
keeping
Total time
Form
completion
and
submission
Tax planning
Average cost
(dollars)
All other
Total
monetized
burden
(dollars)
100
13
6
2
4
1
$250
$500
72
28
8
25
3
12
1
5
3
6
1
2
140
530
280
1,060
Note: This table does not include 1040NR, 1040NR–EZ, and 1040X filers.
* Detail may not add to total due to rounding. Hours are rounded to nearest hour. Dollars rounded to the nearest $10.
** A ‘‘nonbusiness’’ filer does not file any of these schedules or forms with Form 1040.
*** A ‘‘business’’ filer files one or more of the following with Form 1040: Schedule C, C–EZ, E, F, Form 2106, or 2106–EZ.
Source: RAAS:KDA (11–21–2022).
TAXPAYER BURDEN STATISTICS BY TOTAL POSITIVE INCOME QUINTILE
Average time
(hours)
Average out-ofpocket costs
Average total
monetized burden
All Filers
Total positive income quintiles
0 to 20 ................................................................................................................
20 to 40 ..............................................................................................................
40 to 60 ..............................................................................................................
60 to 80 ..............................................................................................................
80 to 100 ............................................................................................................
7.3
10.9
11.6
13.1
21.6
$76
126
162
226
664
$136
233
313
457
1,351
6.2
8.9
8.6
8.5
9.8
65
109
133
173
298
115
200
256
348
651
13.4
20.3
22.4
23.0
31.7
132
204
261
341
978
243
388
513
694
1,952
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 ............................................................................................................
Source: RAAS:KDA (11–21–2022).
Authority: 44 U.S.C. 3501 et seq.
BILLING CODE 4810–25–P
DEPARTMENT OF THE TREASURY
tkelley on DSK125TN23PROD with NOTICE
In accordance with the
Privacy Act of 1974, the Department of
the Treasury (‘‘Treasury’’ or ‘‘the
Department’’), Departmental Offices
(DO) proposes to establish a new system
of records within its inventory of
records systems, subject to the Privacy
Act of 1974, as amended titled
‘‘Departmental Offices .412 Integrated
Library System (ILS) Records.’’ This
action is necessary to meet the
requirements of the Privacy Act to
publish in the Federal Register notice of
SUMMARY:
[FR Doc. 2022–27468 Filed 12–16–22; 8:45 am]
Privacy Act of 1974; System of
Records
Departmental Offices,
Department of the Treasury.
AGENCY:
19:38 Dec 16, 2022
Notice of a new system of
records.
Spencer W. Clark,
Treasury PRA Clearance Officer.
VerDate Sep<11>2014
ACTION:
Jkt 259001
PO 00000
Frm 00130
Fmt 4703
Sfmt 4703
the existence and character of records
maintained by DO. The Treasury Library
(‘‘Library’’) in the Office of Privacy,
Transparency, & Records uses the
records in the ILS to keep track of items
borrowed by DO employees from the
Library’s collection and to ensure that
all items are returned to the Library in
a timely manner and/or upon a DO
employee’s resignation from the
Department.
Written comments must be
received by January 18, 2023. The
system and the routine uses in this
action will be effective on January 18,
DATES:
E:\FR\FM\19DEN1.SGM
19DEN1
]]>Agencies
[Federal Register Volume 87, Number 242 (Monday, December 19, 2022)]
[Notices]
[Pages 77675-77676]
From the Federal Register Online via the Government Publishing Office [www.gpo.gov]
[FR Doc No: 2022-27468]
-----------------------------------------------------------------------
DEPARTMENT OF THE TREASURY
Agency Information Collection Activities; Submission for OMB
Review; Comment Request; U.S. Income Tax Return for Individual
Taxpayers
AGENCY: Departmental Offices, Department of the Treasury.
ACTION: Notice.
-----------------------------------------------------------------------
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 the burden associated with the U.S. Income Tax Return Forms
for Individual Taxpayers.
DATES: Comments should be received on or before January 18, 2023 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.
Copies of the submissions may be obtained from Melody Braswell by
emailing [email protected], calling (202) 622-1035, 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.
Form Number: Form 1040 and affiliated return forms.
Abstract: 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.
Current Actions: There have been changes in regulatory guidance
related to various forms approved under this approval package during
the past year. Additionally, there have been additions and removals of
some forms included in this approval package. The number of estimated
filers for FY22 has been increased based on data on the number of Tax
Year 2021 Form 1040 filings and IRS models have been updated to account
for macroeconomic inputs such as inflation. Overall, updated tax return
data adjustments result in a slightly lower average time burden per
response and a slightly higher out-of-pocket cost per response.
Affected Public: Individuals or households.
Estimated Number of Respondents: 172,600,000.
Total Estimated Time: 2.211 billion hours (2,211,000,000 hours).
Estimated Time per Respondent: 12.81 hours.
[[Page 77676]]
Total Estimated Monetized Time: $42.460 billion ($42,460,000,000).
Estimated Monetized Time per Respondent: $246.
Total Estimated Out-of-Pocket Costs: $42.972 billion
($42,972,000,000).
Estimated Out-of-Pocket Cost per Respondent: $249.
Total Monetized Burden Costs: $85.432 billion ($85,432,000,000).
Estimated Total Monetized Burden per Respondent: $495.
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 Tax planning completion and All other (dollars) burden
keeping submission (dollars)
------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------
All Taxpayers................................................... 100 13 6 2 4 1 $250 $500
Type of Taxpayer:
Nonbusiness **.............................................. 72 8 3 1 3 1 140 280
Business ***................................................ 28 25 12 5 6 2 530 1,060
------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------
Note: This table does not include 1040NR, 1040NR-EZ, and 1040X filers.
* Detail may not add to total due to rounding. Hours are rounded to nearest hour. Dollars rounded to the nearest $10.
** A ``nonbusiness'' filer does not file any of these schedules or forms with Form 1040.
*** A ``business'' filer files one or more of the following with Form 1040: Schedule C, C-EZ, E, F, Form 2106, or 2106-EZ.
Source: RAAS:KDA (11-21-2022).
Taxpayer Burden Statistics by Total Positive Income Quintile
----------------------------------------------------------------------------------------------------------------
Average time Average out-of- Average total
(hours) pocket costs monetized burden
----------------------------------------------------------------------------------------------------------------
All Filers
----------------------------------------------------------------------------------------------------------------
Total positive income quintiles
0 to 20............................................ 7.3 $76 $136
20 to 40........................................... 10.9 126 233
40 to 60........................................... 11.6 162 313
60 to 80........................................... 13.1 226 457
80 to 100.......................................... 21.6 664 1,351
----------------------------------------------------------------------------------------------------------------
Wage and Investment Filers
----------------------------------------------------------------------------------------------------------------
Total Income Decile:
0 to 20............................................ 6.2 65 115
20 to 40........................................... 8.9 109 200
40 to 60........................................... 8.6 133 256
60 to 80........................................... 8.5 173 348
80 to 100.......................................... 9.8 298 651
----------------------------------------------------------------------------------------------------------------
Self Employed Filers
----------------------------------------------------------------------------------------------------------------
Total Income Decile:
0 to 20............................................ 13.4 132 243
20 to 40........................................... 20.3 204 388
40 to 60........................................... 22.4 261 513
60 to 80........................................... 23.0 341 694
80 to 100.......................................... 31.7 978 1,952
----------------------------------------------------------------------------------------------------------------
Source: RAAS:KDA (11-21-2022).
Authority: 44 U.S.C. 3501 et seq.
Spencer W. Clark,
Treasury PRA Clearance Officer.
[FR Doc. 2022-27468 Filed 12-16-22; 8:45 am]
BILLING CODE 4810-25-P
