Agency Information Collection Activities; Submission for OMB Review; Comment Request; Return of Excise Taxes Related to Employee Benefit Plans and Application for Automatic Extension of Time To File an Exempt Organization Return, 15854 [2023-05115]

Download as PDF ddrumheller on DSK120RN23PROD with NOTICES1 15854 Federal Register / Vol. 88, No. 49 / Tuesday, March 14, 2023 / Notices CDFI Fund, administers the NMTC Program, which provides an incentive to investors in the form of tax credits over seven years, expected to stimulate the provision of private investment capital that, in turn, will facilitate economic and community development in lowincome communities. In order to qualify for an allocation of tax credits through the NMTC Program, an entity must be certified as a qualified CDE and submit an allocation application to the CDFI Fund. Nonprofit entities and for-profit entities may be certified as CDEs by the CDFI Fund. In order to be certified as a CDE, an entity must be a domestic corporation or partnership, that: (1) has a primary mission of serving or providing investment capital for lowincome communities or low-income persons; and (2) maintains accountability to residents of lowincome communities through their representation on any governing or advisory board of the entity. Current Actions: Renewal of existing information collection. Type of Review: Regular review. Affected Public: CDEs and entities seeking CDE certification, including business or other for-profit institutions, nonprofit entities, and State, local and Tribal entities. Estimated Number of Respondents: 300. Estimated Annual Time per Respondent: 4 hours. Estimated Total Annual Burden Hours: 1,200 hours. Requests 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 and may be published on the CDFI Fund website at https:// www.cdfifund.gov. Comments are invited on: (a) whether the collection of information is necessary for the proper performance of the functions of the CDFI Fund, including whether the information shall have practical utility; (b) the accuracy of the CDFI Fund’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 technology; and (e) estimates of capital or start-up costs and costs of operation, maintenance, and purchase of services to provide information. VerDate Sep<11>2014 21:09 Mar 13, 2023 Jkt 259001 Authority: 44 U.S.C. 3501 et seq. Spencer W. Clark, Treasury PRA Clearance Officer. [FR Doc. 2023–05089 Filed 3–13–23; 8:45 am] BILLING CODE 4810–70–P DEPARTMENT OF THE TREASURY Agency Information Collection Activities; Submission for OMB Review; Comment Request; Return of Excise Taxes Related to Employee Benefit Plans and Application for Automatic Extension of Time To File an Exempt Organization Return Departmental Offices, U.S. Department of the Treasury. ACTION: Notice. AGENCY: The Internal Revenue Service (IRS), 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 information collections, as required by the Paperwork Reduction Act of 1995. The IRS is soliciting comments concerning the Return of Excise Taxes Related to Employee Benefit Plans and Application for Automatic Extension of Time to File an Exempt Organization Return. DATES: Comments should be received on or before April 13, 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: SUMMARY: Internal Revenue Service (IRS) Title: Return of Excise Taxes Related to Employee Benefit Plans and Application for Automatic Extension of Time to File an Exempt Organization Return. OMB Control Number: 1545–0575. Form Number: 5330 and 8868. Abstract: Internal Revenue Code sections 4965, 4971, 4972, 4973(a)(3), 4975, 4976, 4977, 4978, 4979, 4979A, 4980 and 4980F impose various excise taxes in connection with employee benefit plans. Form 5330 is used to compute and collect these taxes. PO 00000 Frm 00216 Fmt 4703 Sfmt 4703 Current Actions: The Form 8868 will be revised to allow extensions for Form 5330—Return of Excise Taxes Related to Employee Benefit Plans. Form 8868 will only allow for the extension to file, and will not extend the payment of the excise tax. The Form 8868 burden attributed to pension plans will be captured under OMB Control Number 1545–0575. Type of Review: Revision of a currently approved collection. Affected Public: Business or other for profit organizations, individuals and households, not-for profit institutions, and farms. Estimated Number of Respondents: 26,460. Estimated Number of Responses per Respondent: 1. Estimated Number of Annual Responses: 26,460. Estimated Total Annual Burden Hours: 1,255,149. Authority: 44 U.S.C. 3501 et seq. Melody Braswell, Treasury PRA Clearance Officer. [FR Doc. 2023–05115 Filed 3–13–23; 8:45 am] BILLING CODE 4830–01–P DEPARTMENT OF THE TREASURY Open Meeting of the Federal Advisory Committee on Insurance Departmental Offices, U.S. Department of the Treasury. ACTION: Notice of open meeting. AGENCY: This notice announces that the U.S. Department of the Treasury’s Federal Advisory Committee on Insurance (FACI) will meet in the Cash Room at the U.S. Department of the Treasury, 1500 Pennsylvania Ave. NW, Washington, DC, and also via videoconference on Wednesday, March 29, 2023, from 1:30 p.m.–4:30 p.m. Eastern Time. The meeting is open to the public. The FACI provides nonbinding recommendation and advice to the Federal Insurance Office (FIO) in the U.S. Department of the Treasury. DATES: The meeting will be held in the Cash Room at the U.S. Department of the Treasury, 1500 Pennsylvania Ave. NW, Washington, DC, and also via videoconference on Wednesday, March 29, 2023, from 1:30 p.m.–4:30 p.m. Eastern Time. Attendance: The meeting will be held in the Cash Room, Department of the Treasury, 1500 Pennsylvania Ave. NW, Washington, DC 20220 and via videoconference. The meeting is open to the public, and the site is accessible to individuals with disabilities. SUMMARY: E:\FR\FM\14MRN1.SGM 14MRN1

Agencies

[Federal Register Volume 88, Number 49 (Tuesday, March 14, 2023)]
[Notices]
[Page 15854]
From the Federal Register Online via the Government Publishing Office [www.gpo.gov]
[FR Doc No: 2023-05115]


-----------------------------------------------------------------------

DEPARTMENT OF THE TREASURY


Agency Information Collection Activities; Submission for OMB 
Review; Comment Request; Return of Excise Taxes Related to Employee 
Benefit Plans and Application for Automatic Extension of Time To File 
an Exempt Organization Return

AGENCY: Departmental Offices, U.S. Department of the Treasury.

ACTION: Notice.

-----------------------------------------------------------------------

SUMMARY: The Internal Revenue Service (IRS), 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 information collections, as required by the Paperwork Reduction Act 
of 1995. The IRS is soliciting comments concerning the Return of Excise 
Taxes Related to Employee Benefit Plans and Application for Automatic 
Extension of Time to File an Exempt Organization Return.

DATES: Comments should be received on or before April 13, 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: Return of Excise Taxes Related to Employee Benefit Plans and 
Application for Automatic Extension of Time to File an Exempt 
Organization Return.
    OMB Control Number: 1545-0575.
    Form Number: 5330 and 8868.
    Abstract: Internal Revenue Code sections 4965, 4971, 4972, 
4973(a)(3), 4975, 4976, 4977, 4978, 4979, 4979A, 4980 and 4980F impose 
various excise taxes in connection with employee benefit plans. Form 
5330 is used to compute and collect these taxes.
    Current Actions: The Form 8868 will be revised to allow extensions 
for Form 5330--Return of Excise Taxes Related to Employee Benefit 
Plans. Form 8868 will only allow for the extension to file, and will 
not extend the payment of the excise tax.
    The Form 8868 burden attributed to pension plans will be captured 
under OMB Control Number 1545-0575.
    Type of Review: Revision of a currently approved collection.
    Affected Public: Business or other for profit organizations, 
individuals and households, not-for profit institutions, and farms.
    Estimated Number of Respondents: 26,460.
    Estimated Number of Responses per Respondent: 1.
    Estimated Number of Annual Responses: 26,460.
    Estimated Total Annual Burden Hours: 1,255,149.
    Authority: 44 U.S.C. 3501 et seq.

Melody Braswell,
Treasury PRA Clearance Officer.
[FR Doc. 2023-05115 Filed 3-13-23; 8:45 am]
BILLING CODE 4830-01-P
This site is protected by reCAPTCHA and the Google Privacy Policy and Terms of Service apply.