Proposed Collection; Comment Request Relating to Penalty on Income Tax Return Preparers Who Understate Taxpayer's Liability on a Federal Income Tax Return or Claim for Refund, 36649-36650 [2023-11851]
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Federal Register / Vol. 88, No. 107 / Monday, June 5, 2023 / Notices
includes a new Reports section, to
require that United States persons who
are in possession or control of property
in which any entity determined to be
subject to the prohibitions of Directive
4 (as amended) has an interest of any
nature whatsoever, direct or indirect,
must submit a report to OFAC on or
before June 18, 2023, and annually
thereafter by June 30, 2023, and reflects
technical and other non-substantive
changes.
The text of this directive is provided
below.
OFFICE OF FOREIGN ASSETS
CONTROL
Directive 4 (as Amended) 1 Under
Executive Order 14024
ddrumheller on DSK120RN23PROD with NOTICES1
Prohibitions Related to Transactions
Involving the Central Bank of the
Russian Federation, the National
Wealth Fund of the Russian Federation,
and the Ministry of Finance of the
Russian Federation
Pursuant to sections 1(a)(iv), 1(d), and
8 of Executive Order 14024, ‘‘Blocking
Property With Respect To Specified
Harmful Foreign Activities of the
Government of the Russian Federation’’
(the ‘‘Order’’), the Director of the Office
of Foreign Assets Control has
determined, in consultation with the
Department of State, that the Central
Bank of the Russian Federation, the
National Wealth Fund of the Russian
Federation, and the Ministry of Finance
of the Russian Federation are political
subdivisions, agencies, or
instrumentalities of the Government of
the Russian Federation, and that the
following activities by a United States
person are prohibited, except to the
extent provided by law, or unless
licensed or otherwise authorized by the
Office of Foreign Assets Control:
Any transaction involving the Central
Bank of the Russian Federation, the
National Wealth Fund of the Russian
Federation, or the Ministry of Finance of
the Russian Federation, including any
transfer of assets to such entities or any
foreign exchange transaction for or on
behalf of such entities.
All other activities with entities
determined to be subject to the
prohibitions of this Directive, or
involving their property or interests in
property, are permitted, provided that
such activities are not otherwise
prohibited by law, the Order, or any
1 A prior version of this Directive, which was
issued on February 28, 2022 and is superseded by
this version, prohibited these same activities. This
amended version of the Directive includes a new
Reports section and reflects technical and other
non-substantive changes.
VerDate Sep<11>2014
17:59 Jun 02, 2023
Jkt 259001
other sanctions program implemented
by the Office of Foreign Assets Control.
Except to the extent otherwise
provided by law or unless licensed or
otherwise authorized by the Office of
Foreign Assets Control, the following
are also prohibited: (1) any transaction
that evades or avoids, has the purpose
of evading or avoiding, causes a
violation of, or attempts to violate any
of the prohibitions of this Directive; and
(2) any conspiracy formed to violate any
of the prohibitions of this Directive.
A listing of entities determined to be
subject to the prohibitions of this
Directive can be found in the Office of
Foreign Assets Control’s Non-SDN
Menu-Based Sanctions (NS–MBS) List
on the Office of Foreign Assets Control
website (https://ofac.treasury.gov/).
Reports. United States persons who
are in possession or control of property
in which any entity determined to be
subject to the prohibitions of this
Directive has an interest of any nature
whatsoever, direct or indirect, must
submit a report to OFACreport@
treasury.gov on or before June 18, 2023,
and annually thereafter by June 30.
Such reports shall include the
following:
1. The name and address of the
person in possession or control of the
property;
2. The date the property came into the
possession or control of such person;
3. The entity or entities subject to the
prohibitions of this Directive having an
interest in the property;
4. A description of the property and
its location in the United States or
otherwise, including any relevant
account types, account numbers,
reference numbers, dates, or other
information necessary to identify the
property;
5. The actual, or if unknown,
estimated value of the property in U.S.
dollars as of May 31, 2023, for the initial
report, and annually thereafter as of
May 31. Foreign currencies must be
reported in U.S. dollars with the foreign
currency amount and notional exchange
rate in the narrative; and
6. A copy of the most recent relevant
account statement or other
documentation to support the estimated
value of the property.
Andrea M. Gacki,
Director, Office of Foreign Assets Control.
May 19, 2023.
Andrea M. Gacki,
Director, Office of Foreign Assets Control.
[FR Doc. 2023–11980 Filed 6–2–23; 8:45 am]
BILLING CODE 4810–AL–P
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36649
DEPARTMENT OF THE TREASURY
Internal Revenue Service
Proposed Collection; Comment
Request Relating to Penalty on Income
Tax Return Preparers Who Understate
Taxpayer’s Liability on a Federal
Income Tax Return or Claim for Refund
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 penalty on income tax
return preparers who understate
taxpayer’s liability on a federal income
tax return or claim for refund.
DATES: Written comments should be
received on or before August 4, 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–
1231 or Penalty on Income Tax Return
Preparers Who Understate Taxpayer’s
Liability on a Federal Income Tax
Return or Claim for Refund on the
subject line.
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: Penalty on Income Tax Return
Preparers Who Understate Taxpayer’s
Liability on a Federal Income Tax
Return or Claim for Refund.
OMB Number: 1545–1231.
Regulation Project Number: IA–38–90
(TD 9436–final).
Abstract: These regulations set forth
rules under section 6694 of the Internal
Revenue Code regarding the penalty for
understatement of a taxpayer’s liability
on a Federal income tax return or claim
for refund. In certain circumstances, the
preparer may avoid the penalty by
disclosing on a Form 8275 or by
advising the taxpayer or another
preparer that disclosure is necessary.
SUMMARY:
E:\FR\FM\05JNN1.SGM
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36650
Federal Register / Vol. 88, No. 107 / Monday, June 5, 2023 / Notices
Current Actions: There are no changes
to burden.
Type of Review: Extension of a
currently approved collection.
Affected Public: Business or other forprofit organizations, and individuals or
households.
Estimated Number of Respondents:
127,800,734.
Estimated Time per Response: 5
minutes.
Estimated Total Annual Burden
Hours: 10,224,059 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: May 30, 2023.
Kerry L. Dennis,
Tax Analyst.
ddrumheller on DSK120RN23PROD with NOTICES1
I. Welcome and Call to Order—UCR
Board Chair
The UCR Board Chair will welcome
attendees, call the meeting to order, call
roll for the Board, confirm the presence
of a quorum, and facilitate selfintroductions.
II. Verification of Publication of
Meeting Notice—UCR Executive
Director
The UCR Executive Director will
verify publication of the meeting notice
on the UCR website and distribution to
the UCR contact list via email, followed
by subsequent publication of the notice
in the Federal Register.
III. Review and Approval of Board
Agenda—UCR Board Chair
For Discussion and Possible Board
Action
The proposed Agenda will be
reviewed, and the Board will consider
adoption.
Ground Rules
➢Board actions taken only in
designated areas on agenda.
For Discussion and Possible Board
Action
BILLING CODE 4830–01–P
Draft Minutes from the April 13, 2023,
UCR Board meeting will be reviewed.
The Board will consider action to
approve.
UNIFIED CARRIER REGISTRATION
PLAN
Sunshine Act Meetings
June 8, 2023, 12:00 p.m.
to 3:00 p.m., Eastern Time.
PLACE: This meeting will be accessible
via conference call and via Zoom
TIME AND DATE:
17:59 Jun 02, 2023
Proposed Agenda
IV. Approval of Minutes of the April 13
UCR Board Meeting—UCR Board Chair
[FR Doc. 2023–11851 Filed 6–2–23; 8:45 am]
VerDate Sep<11>2014
VI. Discussion of Proposed Changes to
UCR Agreement—UCR Board Chair,
UCR Board Vice-Chair, UCR Audit
Subcommittee Chair, UCR Executive
Director, UCR Chief Legal Officer
The UCR Board Chair, UCR Board
Vice-Chair, UCR Audit Subcommittee
Chair, UCR Executive Director and the
UCR Chief Legal Officer will discuss
STATUS: This meeting will be open to the proposed changes to the UCR
Agreement. No Board action will be
public.
taken on any proposed changes at this
MATTERS TO BE CONSIDERED: The Unified
meeting.
Carrier Registration Plan Board of
Directors (the ‘‘Board’’) will continue its VII. Proposal To Send a Letter to
Certain Intrastate Motor Carriers From
work in developing and implementing
Non-Participating States and Rhode
the Unified Carrier Registration Plan
Island—UCR Executive Director and
and Agreement. The subject matter of
Seikosoft
this meeting will include:
Meeting and Screenshare. Any
interested person may call (i) 1–929–
205–6099 (US Toll) or 1–669–900–6833
(US Toll), Meeting ID: 952 0476 1775, to
listen and participate in this meeting.
The website to participate via Zoom
Meeting and Screenshare is https://
kellen.zoom.us/meeting/register/tJEvd2vqDotHdGFSelrZ4pwW-Bp9kQs0voJ.
Jkt 259001
V. Report of FMCSA—FMCSA
Representative
The Federal Motor Carrier Safety
Administration (FMCSA) will provide a
report on relevant activity.
PO 00000
Frm 00125
Fmt 4703
Sfmt 4703
For Discussion and Possible Board
Action
The UCR Executive Director and a
Seikosoft representative will present
proposals to the UCR Board to send a
letter to new intrastate USDOT motor
carriers from non-participating states
and Rhode Island that may be engaged
in interstate commerce to provide
educational information about UCR and
instructions for UCR registration, should
registration be applicable to the motor
carrier. The Board may consider and
approve the cost of sending such letters.
VIII. Subcommittee Reports
Audit Subcommittee—UCR Audit
Subcommittee Chair
A. Update the Board on the Project To
Replace the Retreat Audit Program With
a Program That Relies on Roadside
Inspection Data—UCR Audit
Subcommittee Chair, UCR Audit
Subcommittee Vice-Chair, DSL
Transportation and Seikosoft
Representatives
The UCR Audit Subcommittee Chair,
UCR Audit Subcommittee Vice-Chair
and DSL Transportation and Seikosoft
representatives will lead a discussion on
options to replace the Retreat Audit
Program currently utilized by the states
with a roadside inspection data driven
audit for non-IRP plated commercial
motor vehicles and the motor carriers
operating this type of registered
equipment.
B. Update on the Recent Question and
Answer Session for State Auditors—
UCR Audit Subcommittee Chair, UCR
Audit Subcommittee Vice-Chair, UCR
Executive Director
The UCR Audit Subcommittee Chair,
UCR Audit Subcommittee Vice-Chair
and UCR Executive Director will update
the Board on the latest 60-minute virtual
question and answer session conducted
E:\FR\FM\05JNN1.SGM
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]]>Agencies
[Federal Register Volume 88, Number 107 (Monday, June 5, 2023)]
[Notices]
[Pages 36649-36650]
From the Federal Register Online via the Government Publishing Office [www.gpo.gov]
[FR Doc No: 2023-11851]
-----------------------------------------------------------------------
DEPARTMENT OF THE TREASURY
Internal Revenue Service
Proposed Collection; Comment Request Relating to Penalty on
Income Tax Return Preparers Who Understate Taxpayer's Liability on a
Federal Income Tax Return or Claim for Refund
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
penalty on income tax return preparers who understate taxpayer's
liability on a federal income tax return or claim for refund.
DATES: Written comments should be received on or before August 4, 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
1545-1231 or Penalty on Income Tax Return Preparers Who Understate
Taxpayer's Liability on a Federal Income Tax Return or Claim for Refund
on the subject line.
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: Penalty on Income Tax Return Preparers Who Understate
Taxpayer's Liability on a Federal Income Tax Return or Claim for
Refund.
OMB Number: 1545-1231.
Regulation Project Number: IA-38-90 (TD 9436-final).
Abstract: These regulations set forth rules under section 6694 of
the Internal Revenue Code regarding the penalty for understatement of a
taxpayer's liability on a Federal income tax return or claim for
refund. In certain circumstances, the preparer may avoid the penalty by
disclosing on a Form 8275 or by advising the taxpayer or another
preparer that disclosure is necessary.
[[Page 36650]]
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, and
individuals or households.
Estimated Number of Respondents: 127,800,734.
Estimated Time per Response: 5 minutes.
Estimated Total Annual Burden Hours: 10,224,059 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: May 30, 2023.
Kerry L. Dennis,
Tax Analyst.
[FR Doc. 2023-11851 Filed 6-2-23; 8:45 am]
BILLING CODE 4830-01-P
