Proposed Collection; Comment Request Concerning Information Reporting for Hedging Transactions, and Third-Party Network Transactions, 2389 [2023-00568]
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lotter on DSK11XQN23PROD with NOTICES1
Federal Register / Vol. 88, No. 9 / Friday, January 13, 2023 / Notices
Abstract: Form 1099–H is used to
report advance payments of health
insurance premiums to qualified
recipients for their use in computing the
allowable health insurance credit on
Form 8885.
Current Actions: There are no changes
being made to the form at this time.
However, the estimated number of
responses is being decreased as a result
of updated filing estimates. Type of
Review: Extension of a currently
approved collection.
Affected Public: Business or other forprofit organizations.
Estimated Number of Responses:
2,200.
Estimated Time per Respondent: 18
minutes.
Estimated Total Annual Burden
Hours: 660.
The following paragraph applies to all
of 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 as long
as 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: January 10, 2023.
Sara L. Covington,
IRS, Tax Analyst.
[FR Doc. 2023–00606 Filed 1–12–23; 8:45 am]
BILLING CODE 4830–01–P
VerDate Sep<11>2014
19:26 Jan 12, 2023
Jkt 259001
DEPARTMENT OF THE TREASURY
Internal Revenue Service
Proposed Collection; Comment
Request Concerning Information
Reporting for Hedging Transactions,
and Third-Party Network Transactions
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 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 information reporting for
hedging transactions, and third-party
network transactions.
DATES: Written comments should be
received on or before March 14, 2023 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 pra.comments@irs.gov.
Include OMB control number 1545–
1480 or comments concerning
information reporting for hedging
transactions.
SUMMARY:
FOR FURTHER INFORMATION CONTACT:
Requests for additional information or
copies of the regulation 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.L.Dennis@irs.gov.
SUPPLEMENTARY INFORMATION:
Title: Hedging Transactions.
OMB Number: 1545–1480.
Regulation Project Number: T.D. 8985.
Abstract: TD 8985 contains final
regulations relating to the character of
gain or loss from hedging transactions.
The regulations reflect changes to the
law made by the Ticket to Work and
Work Incentives Improvement Act of
1999. The regulations affect businesses
entering in to hedging transactions.
Current Actions: There are no changes
to burden.
Type of Review: Extension of a
currently approved collection.
Affected Public: Business or other forprofit organizations.
Estimated Number of Respondents:
167,100.
Estimated Time per Respondent: 8
hours.
PO 00000
Frm 00078
Fmt 4703
Sfmt 4703
2389
Estimated Total Annual Burden
Hours: 171,050 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: January 9, 2023.
Kerry L. Dennis,
Tax Analyst.
[FR Doc. 2023–00568 Filed 1–12–23; 8:45 am]
BILLING CODE 4830–01–P
DEPARTMENT OF VETERANS
AFFAIRS
[OMB Control No. 2900–0849]
Agency Information Collection Activity
Under OMB Review: Alternate Signer
Certification
Veterans Benefits
Administration, Department of Veterans
Affairs.
ACTION: Notice.
AGENCY:
In compliance with the
Paperwork Reduction Act (PRA) of
1995, this notice announces that the
Veterans Benefits Administration
(VBA), Department of Veterans Affairs,
will submit the collection of
information abstracted below to the
SUMMARY:
E:\FR\FM\13JAN1.SGM
13JAN1
]]>Agencies
[Federal Register Volume 88, Number 9 (Friday, January 13, 2023)]
[Notices]
[Page 2389]
From the Federal Register Online via the Government Publishing Office [www.gpo.gov]
[FR Doc No: 2023-00568]
-----------------------------------------------------------------------
DEPARTMENT OF THE TREASURY
Internal Revenue Service
Proposed Collection; Comment Request Concerning Information
Reporting for Hedging Transactions, and Third-Party Network
Transactions
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 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
information reporting for hedging transactions, and third-party network
transactions.
DATES: Written comments should be received on or before March 14, 2023
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
1545-1480 or comments concerning information reporting for hedging
transactions.
FOR FURTHER INFORMATION CONTACT: Requests for additional information or
copies of the regulation 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: Hedging Transactions.
OMB Number: 1545-1480.
Regulation Project Number: T.D. 8985.
Abstract: TD 8985 contains final regulations relating to the
character of gain or loss from hedging transactions. The regulations
reflect changes to the law made by the Ticket to Work and Work
Incentives Improvement Act of 1999. The regulations affect businesses
entering in to hedging transactions.
Current Actions: There are no changes to burden.
Type of Review: Extension of a currently approved collection.
Affected Public: Business or other for-profit organizations.
Estimated Number of Respondents: 167,100.
Estimated Time per Respondent: 8 hours.
Estimated Total Annual Burden Hours: 171,050 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: January 9, 2023.
Kerry L. Dennis,
Tax Analyst.
[FR Doc. 2023-00568 Filed 1-12-23; 8:45 am]
BILLING CODE 4830-01-P
