Proposed Collection; Comment Request for Form 1099-INT, 53601-53602 [2023-16909]

Download as PDF Federal Register / Vol. 88, No. 151 / Tuesday, August 8, 2023 / Notices ACADEMY OF SCIENCES; f.k.a. FEDERALNOE GOSUDARSTVENNOE BYUDZHETNOE UCHREZHDENIE NAUKI INSTITUT FIZIKI TVERDOGO TELA ROSSISKOI AKADEMII NAUK BU; a.k.a. FEDERALNOE GOSUDARSTVENNOE BYUDZHETNOE UCHREZHDENIE NAUKI INSTITUT FIZIKI TVERDOGO TELA ROSSISKOI AKADEMII NAUK FGBU; a.k.a. INSTITUTE OF SOLID STATE PHYSICS OF THE ACADEMY OF SCIENCES SSSR; a.k.a. ‘‘IFTT RAN’’; a.k.a. ‘‘ISSP RAS’’), d. 2, ul. Akademika Osipyana, Chernogolovka, Moskovskaya Obl 142432, Russia; Organization Established Date 12 Mar 1998; Tax ID No. 5031003120 (Russia); Government Gazette Number 02699796 (Russia); Registration Number 1025003915243 (Russia) [RUSSIA–EO14024]. Designated pursuant to section 1(a)(i) of E.O. 14024 for operating or having operated in the technology sector of the Russian Federation economy. Dated: August 3, 2023. Bradley T. Smith, Deputy Director, Office of Foreign Assets Control, U.S. Department of the Treasury. [FR Doc. 2023–16934 Filed 8–7–23; 8:45 am] BILLING CODE 4810–AL–P DEPARTMENT OF THE TREASURY Internal Revenue Service Proposed Collection; Comment Request for Regulation Project Internal Revenue Service (IRS), Treasury. ACTION: Notice and request for comments. 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 Escrow Funds and Other Similar Funds. DATES: Written comments should be received on or before October 10, 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 Number 1545–1631Escrow Funds and Other Similar Funds’’ in the subject line of the message. FOR FURTHER INFORMATION CONTACT: Requests for additional information or copies of this collection should be directed to Martha R. Brinson, at (202) 317–5753, or at Internal Revenue Service, Room 6526, 1111 Constitution ddrumheller on DSK120RN23PROD with NOTICES1 SUMMARY: VerDate Sep<11>2014 20:00 Aug 07, 2023 Jkt 259001 Avenue NW, Washington, DC 20224, or through the internet at Martha.R.Brinson@irs.gov. SUPPLEMENTARY INFORMATION: Title: Escrow Funds and Other Similar Funds. OMB Number: 1545–1631. Regulation Project Number: TD 9249. Abstract: This document contains final regulations relating to the taxation and reporting of income earned on qualified settlement funds and certain other escrow accounts, trusts, and funds, and other related rules. The final regulations affect qualified settlement funds, escrow accounts established in connection with sales of property, disputed ownership funds, and the parties to these escrow accounts, trusts, and funds. Current Actions: There are no changes to the paperwork burden previously approved by OMB. Type of Review: Extension of a currently approved collection. Affected Public: Individuals or households, business or other for-profit organizations, not-for-profit institutions and Federal, state, local or tribal governments. Estimated Number of Respondents: 9,300. Estimated Time per Respondent: 24 minutes. Estimated Total Annual Burden Hours: 3,720. 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. Comments will be 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 has 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 PO 00000 Frm 00151 Fmt 4703 Sfmt 4703 53601 on 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: July 31, 2023. Martha R. Brinson, Tax Analyst. [FR Doc. 2023–16905 Filed 8–7–23; 8:45 am] BILLING CODE 4830–01–P DEPARTMENT OF THE TREASURY Internal Revenue Service Proposed Collection; Comment Request for Form 1099–INT Internal Revenue Service (IRS), Treasury. ACTION: Notice and request for comments. 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 returns regarding payments of interest. DATES: Written comments should be received on or before October 10, 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 Number 1545–0112– Interest Income’’ in the subject line of the message. FOR FURTHER INFORMATION CONTACT: Requests for additional information or copies of this collection should be directed to Martha R. Brinson, at (202) 317–5753, or at Internal Revenue Service, Room 6526, 1111 Constitution Avenue NW, Washington, DC 20224, or through the internet at Martha.R.Brinson@irs.gov. SUPPLEMENTARY INFORMATION: Title: Interest Income. OMB Number: 1545–0112. Form Number: 1099–INT. Regulation Number: TD 7873. Abstract: IRC section 6049 requires payers of interest of $10 or more to file a return showing the aggregate amount of interest paid to a payee. Regulations sections 1.6049–4 and 1.6049–7 require Form 1099–INT to be used to report this information. IRC section 6041 and Regulations section 1.6041–1 require persons paying interest (that is not SUMMARY: E:\FR\FM\08AUN1.SGM 08AUN1 53602 Federal Register / Vol. 88, No. 151 / Tuesday, August 8, 2023 / Notices covered under section 6049) of $600 or more in the course of their trades orbusinesses to report that interest on Form 1099–INT. IRS uses Form 1099– INT to verify compliance with the reporting rules and to verify that the recipient has included the proper amount of interest on his or her income tax return. Current Actions: There are no changes to the paperwork burden previously approved by OMB. Type of Review: Extension of a currently approved collection. Affected Public: Business or other forprofit organizations, Federal Government, individuals or households, and not-for-profit institutions. Estimated Number of Responses: 141,555,000. Estimated Time per Respondent: 13 minutes. Estimated Total Annual Burden Hours: 46,403,150. The following paragraph applies to all of the collections of information covered by this notice: Date Time August 28, 2023 .............................. August 29, 2023 .............................. 1 p.m.–3 p.m. (ET) ........................ 2 p.m.–4 p.m. (ET) ........................ The meeting sessions are open to the public. The purpose of the Committee is to advise the Secretary of Veterans Affairs regarding the needs of women Veterans with respect to health care, rehabilitation, compensation, outreach and other programs and activities administered by VA designed to meet such needs. The Committee makes recommendations to the Secretary regarding such programs and activities. On Monday, August 28, the agenda includes full committee discussion on 2023 report recommendations. On Tuesday, August 29, the agenda includes time allotted for public ddrumheller on DSK120RN23PROD with NOTICES1 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. Comments will be 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 has 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 VerDate Sep<11>2014 20:00 Aug 07, 2023 Jkt 259001 Frm 00152 Approved: July 31, 2023. Martha R. Brinson, Tax Analyst. [FR Doc. 2023–16909 Filed 8–7–23; 8:45 am] BILLING CODE 4830–01–P DEPARTMENT OF VETERANS AFFAIRS Advisory Committee on Women Veterans, Notice of Meeting The Department of Veterans Affairs (VA) gives notice under the Federal Advisory Committee Act, 5 U.S.C. ch. 10, that the Advisory Committee on Women Veterans will conduct a virtual meeting on August 28–29, 2023. The meeting sessions will begin and end as follows: Location WEBEX link and call-in information below. WEBEX link and call-in information below. comment starting at 2:15 p.m. and ending no later than 2:45 p.m. (ET). The comment period may end sooner, if there are no comments presented or they are exhausted before the end time. Individuals interested in providing comments during the meeting are allowed no more than three minutes for their statements. Following the comment period, full committee discussion on the 2023 report will continue. Those who want to submit written statements for the Committee’s review should submit them to the Center for Women Veterans at 00W@mail.va.gov no later than August 21, 2023. Any PO 00000 burden of the collection of information onor 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. Fmt 4703 Sfmt 9990 member of the public who wishes to participate virtually may use the following access information: https:// veteransaffairs.webex.com/ veteransaffairs/j.php?MTID= mc50d2108879e9bb93b4447cfb1a29609; meeting number: 2764 568 8392, meeting password: FAmc6wJy*39. Join by phone at 1–404–397–1596 (USA toll number); Access code: 27645688392. Dated: August 3, 2023. Jelessa M. Burney, Federal Advisory Committee Management Officer. [FR Doc. 2023–16915 Filed 8–7–23; 8:45 am] BILLING CODE P E:\FR\FM\08AUN1.SGM 08AUN1

Agencies

[Federal Register Volume 88, Number 151 (Tuesday, August 8, 2023)]
[Notices]
[Pages 53601-53602]
From the Federal Register Online via the Government Publishing Office [www.gpo.gov]
[FR Doc No: 2023-16909]


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DEPARTMENT OF THE TREASURY

Internal Revenue Service


Proposed Collection; Comment Request for Form 1099-INT

AGENCY: Internal Revenue Service (IRS), Treasury.

ACTION: Notice and request for comments.

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

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 returns regarding 
payments of interest.

DATES: Written comments should be received on or before October 10, 
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 Number 1545-
0112-Interest Income'' in the subject line of the message.

FOR FURTHER INFORMATION CONTACT: Requests for additional information or 
copies of this collection should be directed to Martha R. Brinson, at 
(202) 317-5753, or at Internal Revenue Service, Room 6526, 1111 
Constitution Avenue NW, Washington, DC 20224, or through the internet 
at [email protected].

SUPPLEMENTARY INFORMATION: 
    Title: Interest Income.
    OMB Number: 1545-0112.
    Form Number: 1099-INT.
    Regulation Number: TD 7873.
    Abstract: IRC section 6049 requires payers of interest of $10 or 
more to file a return showing the aggregate amount of interest paid to 
a payee. Regulations sections 1.6049-4 and 1.6049-7 require Form 1099-
INT to be used to report this information. IRC section 6041 and 
Regulations section 1.6041-1 require persons paying interest (that is 
not

[[Page 53602]]

covered under section 6049) of $600 or more in the course of their 
trades orbusinesses to report that interest on Form 1099-INT. IRS uses 
Form 1099-INT to verify compliance with the reporting rules and to 
verify that the recipient has included the proper amount of interest on 
his or her income tax return.
    Current Actions: There are no changes to the paperwork burden 
previously approved by OMB.
    Type of Review: Extension of a currently approved collection.
    Affected Public: Business or other for-profit organizations, 
Federal Government, individuals or households, and not-for-profit 
institutions.
    Estimated Number of Responses: 141,555,000.
    Estimated Time per Respondent: 13 minutes.
    Estimated Total Annual Burden Hours: 46,403,150.
    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. 
Comments will be 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 has 
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 onor 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: July 31, 2023.
Martha R. Brinson,
Tax Analyst.
[FR Doc. 2023-16909 Filed 8-7-23; 8:45 am]
BILLING CODE 4830-01-P


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