Proposed Collection; Requesting Comments on Form 970, 25071 [2023-08727]
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Federal Register / Vol. 88, No. 79 / Tuesday, April 25, 2023 / Notices
issues; addresses matters concerning
tax-exempt and government entities;
and conveys the public’s perception of
professional standards and best
practices for tax professionals.
The IRSAC holds approximately four,
two-day working sessions and at least
one public meeting per year. Members
are not paid for their services; any travel
expenses are reimbursed within federal
government guidelines.
Appointed by the Commissioner of
Internal Revenue with the concurrence
of the Secretary of the Treasury, IRSAC
members will serve three-year terms to
allow for a rotation in membership
which ensures that different
perspectives are represented. In
accordance with the Department of
Treasury Directive 21–03, a clearance
process, including a tax compliance
check and a practitioner check with the
IRS Office of Professional
Responsibility, will be conducted. In
addition, all applicants deemed ‘‘Best
Qualified’’ shall undergo a Federal
Bureau of Investigation fingerprint
check.
All applicants will be sent an
acknowledgment of receipt.
Equal opportunity practices will be
followed for all appointments to the
IRSAC in accordance with the
Department of Treasury and IRS
policies. The IRS has special interest in
assuring that women and men, members
of all races and national origins, and
individuals with disabilities have an
opportunity to serve on advisory
committees. Therefore, the IRS extends
particular encouragement to
nominations from such appropriately
qualified candidates.
Dated: April 20, 2023.
John A. Lipold,
Designated Federal Official, Office of
National Public Liaison, Internal Revenue
Service.
[FR Doc. 2023–08713 Filed 4–24–23; 8:45 am]
BILLING CODE 4830–01–P
DEPARTMENT OF THE TREASURY
Internal Revenue Service
Proposed Collection; Requesting
Comments on Form 970
Internal Revenue Service (IRS),
Treasury.
ACTION: Notice and request for
comments.
lotter on DSK11XQN23PROD with NOTICES1
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
SUMMARY:
VerDate Sep<11>2014
16:47 Apr 24, 2023
Jkt 259001
to comment on proposed and/or
continuing information collections, as
required by the Paperwork Reduction
Act of 1995. The IRS is soliciting
comments concerning Form 970,
Application to Use LIFO Inventory
Method.
Written comments should be
received on or before June 26, 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 No. 1545–0042 in
the subject line of the message.
FOR FURTHER INFORMATION CONTACT:
Requests for additional information or
copies of this collection should be
directed to Jon Callahan, (737) 800–
7639, at Internal Revenue Service, Room
6526, 1111 Constitution Avenue NW,
Washington, DC 20224, or through the
internet at jon.r.callahan@irs.gov.
SUPPLEMENTARY INFORMATION: The IRS is
currently seeking comments concerning
the following information collection
tools, reporting, and record-keeping
requirements:
Title: Application to Use LIFO
Inventory Method.
OMB Number: 1545–0042.
Form Number: Form 970.
Abstract: Taxpayers file Form 970 to
elect to use the last-in, first-out (LIFO)
inventory method or to extend the LIFO
method to additional goods. The IRS
uses Form 970 to determine if the
election was properly made. The
estimates in this notice are for estates,
trusts, and tax-exempt organizations
filing Form 970.
Current Actions: There is no change to
the existing collection. However, the
estimated number of responses was
reduced to eliminate duplication of
burden estimates. The estimated burden
for individuals filing Form 970 is
approved under OMB control number
1545–0074, and the estimated burden
for businesses filing Form 970 is
approved under OMB control number
1545–0123.
Type of Review: Extension of a
currently approved collection.
Affected Public: Private sector.
Estimated Number of Responses: 100.
Estimated Time per Respondent: 21
hours, 6 minutes.
Estimated Total Annual Burden
Hours: 2,111.
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
DATES:
PO 00000
Frm 00104
Fmt 4703
Sfmt 4703
25071
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: April 20, 2023.
Jon R. Callahan,
Tax Analyst.
[FR Doc. 2023–08727 Filed 4–24–23; 8:45 am]
BILLING CODE 4830–01–P
DEPARTMENT OF THE TREASURY
Agency Information Collection
Activities; Submission for OMB
Review; Comment Request; Internal
Revenue Service (IRS) Information
Collection Request
Departmental Offices,
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, on or after the
date of publication of this notice. The
public is invited to submit comments on
these requests.
DATES: Comments should be received on
or before May 25, 2023 to be assured of
consideration.
ADDRESSES: Written comments and
recommendations for the proposed
information collection should be sent
SUMMARY:
E:\FR\FM\25APN1.SGM
25APN1
]]>Agencies
[Federal Register Volume 88, Number 79 (Tuesday, April 25, 2023)]
[Notices]
[Page 25071]
From the Federal Register Online via the Government Publishing Office [www.gpo.gov]
[FR Doc No: 2023-08727]
-----------------------------------------------------------------------
DEPARTMENT OF THE TREASURY
Internal Revenue Service
Proposed Collection; Requesting Comments on Form 970
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
proposed and/or continuing information collections, as required by the
Paperwork Reduction Act of 1995. The IRS is soliciting comments
concerning Form 970, Application to Use LIFO Inventory Method.
DATES: Written comments should be received on or before June 26, 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 No.
1545-0042 in the subject line of the message.
FOR FURTHER INFORMATION CONTACT: Requests for additional information or
copies of this collection should be directed to Jon Callahan, (737)
800-7639, at Internal Revenue Service, Room 6526, 1111 Constitution
Avenue NW, Washington, DC 20224, or through the internet at
[email protected].
SUPPLEMENTARY INFORMATION: The IRS is currently seeking comments
concerning the following information collection tools, reporting, and
record-keeping requirements:
Title: Application to Use LIFO Inventory Method.
OMB Number: 1545-0042.
Form Number: Form 970.
Abstract: Taxpayers file Form 970 to elect to use the last-in,
first-out (LIFO) inventory method or to extend the LIFO method to
additional goods. The IRS uses Form 970 to determine if the election
was properly made. The estimates in this notice are for estates,
trusts, and tax-exempt organizations filing Form 970.
Current Actions: There is no change to the existing collection.
However, the estimated number of responses was reduced to eliminate
duplication of burden estimates. The estimated burden for individuals
filing Form 970 is approved under OMB control number 1545-0074, and the
estimated burden for businesses filing Form 970 is approved under OMB
control number 1545-0123.
Type of Review: Extension of a currently approved collection.
Affected Public: Private sector.
Estimated Number of Responses: 100.
Estimated Time per Respondent: 21 hours, 6 minutes.
Estimated Total Annual Burden Hours: 2,111.
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: April 20, 2023.
Jon R. Callahan,
Tax Analyst.
[FR Doc. 2023-08727 Filed 4-24-23; 8:45 am]
BILLING CODE 4830-01-P
