Proposed Extension of Information Collection Request Submitted for Public Comment; Comment Request Concerning Information Reporting for Form 1099-B, 66149 [2023-20894]
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Federal Register / Vol. 88, No. 185 / Tuesday, September 26, 2023 / Notices
DEPARTMENT OF THE TREASURY
Internal Revenue Service
Proposed Extension of Information
Collection Request Submitted for
Public Comment; Comment Request
Concerning Information Reporting for
Form 1099–B
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 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. Currently, the IRS is
soliciting comments concerning Form
1099–NEC, Proceeds from Broker and
Barter Exchange Transactions.
DATES: Written comments should be
received on or before November 27,
2023 to be assured of consideration.
ADDRESSES: Direct all written comments
to Andre´s Garcia, Internal Revenue
Service, Room 6526, 1111 Constitution
Avenue NW, Washington, DC 20224, or
by email to pra.comments@irs.gov.
Please include, ‘‘OMB Number: 1545–
0715—Public Comment Request Notice’’
in the Subject line.
FOR FURTHER INFORMATION CONTACT:
Requests for additional information or
copies of the form and instructions
should be directed to Ronald J. Durbala,
at (202) 317–5746, at Internal Revenue
Service, Room 6526, 1111 Constitution
Avenue NW, Washington, DC 20224, or
through the internet at
RJoseph.Durbala@irs.gov.
SUPPLEMENTARY INFORMATION:
Title: Proceeds from Broker and Barter
Exchange Transactions.
OMB Number: 1545–0715.
Form Project Number: Form 1099–B.
Abstract: Internal Revenue Code
section 6045 requires the filing of an
information return by brokers to report
the gross proceeds from transactions
and by barter exchanges to report
exchanges of property or services. Form
1099–B is used to report proceeds from
these transactions to the Internal
Revenue Service.
Current Actions: Updates to the
estimated number of annual responses
for Form 1099–B will increase the
overall burden estimate by
1,262,659,912 hours.
Type of Review: Revision of a
currently approved collection.
lotter on DSK11XQN23PROD with NOTICES1
SUMMARY:
VerDate Sep<11>2014
18:18 Sep 25, 2023
Jkt 259001
Affected Public: Individuals or
households, business, or other for-profit
organization.
Estimated Number of Responses:
4,364,843,800.
Estimated Time per Respondent: 30
Min.
Estimated Total Annual Burden
Hours: 2,182,421,900.
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.
Desired Focus of Comments: The
Internal Revenue Service (IRS) is
particularly interested in comments
that:
• Evaluate whether the proposed
collection of information is necessary
for the proper performance of the
functions of the agency, including
whether the information will have
practical utility.
• Evaluate the accuracy of the
agency’s estimate of the burden of the
proposed collection of information,
including the validity of the
methodology and assumptions used.
• Enhance the quality, utility, and
clarity of the information to be
collected; and
• Minimize the burden of the
collection of information on those who
are to respond, including using
appropriate automated, electronic,
mechanical, or other technological
collection techniques or other forms of
information technology, e.g., by
permitting electronic submissions of
responses.
Comments submitted in response to
this notice will be summarized and/or
included in the ICR for OMB approval
of the extension of the information
collection; they will also become a
matter of public record.
Approved: September 21, 2023.
Ronald J. Durbala,
IRS Tax Analyst.
[FR Doc. 2023–20894 Filed 9–25–23; 8:45 am]
BILLING CODE 4830–01–P
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66149
UNIFIED CARRIER REGISTRATION
PLAN
Sunshine Act Meetings
September 28, 2023,
12:00 p.m. to 3:00 p.m., Eastern Time.
PLACE: This meeting will be accessible
via conference call and via Zoom
Meeting and Screenshare. Any
interested person may call (i) 1–929–
205–6099 (US Toll) or 1–669–900–6833
(US Toll), Meeting ID: 977 5563 5193, to
listen and participate in this meeting.
The website to participate via Zoom
Meeting and Screenshare is https://
kellen.zoom.us/meeting/register/
tJMqcuyurT4rE9ci8uT0
K9V3WLD2Ly4pTPm5.
STATUS: This meeting will be open to the
public.
MATTERS TO BE CONSIDERED: The Unified
Carrier Registration Plan Board of
Directors (the ‘‘Board’’) will continue its
work in developing and implementing
the Unified Carrier Registration Plan
and Agreement. The subject matter of
this meeting will include:
TIME AND DATE:
Proposed Agenda
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
IV. Approval of Minutes of the July 27
UCR Board Meeting—UCR Board Chair
For Discussion and Possible Board
Action
Draft Minutes from the July 27, 2023
UCR Board meeting will be reviewed.
The Board will consider action to
approve.
E:\FR\FM\26SEN1.SGM
26SEN1
]]>Agencies
[Federal Register Volume 88, Number 185 (Tuesday, September 26, 2023)]
[Notices]
[Page 66149]
From the Federal Register Online via the Government Publishing Office [www.gpo.gov]
[FR Doc No: 2023-20894]
[[Page 66149]]
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DEPARTMENT OF THE TREASURY
Internal Revenue Service
Proposed Extension of Information Collection Request Submitted
for Public Comment; Comment Request Concerning Information Reporting
for Form 1099-B
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 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. Currently, the IRS is soliciting comments
concerning Form 1099-NEC, Proceeds from Broker and Barter Exchange
Transactions.
DATES: Written comments should be received on or before November 27,
2023 to be assured of consideration.
ADDRESSES: Direct all written comments to Andr[eacute]s Garcia,
Internal Revenue Service, Room 6526, 1111 Constitution Avenue NW,
Washington, DC 20224, or by email to [email protected]. Please
include, ``OMB Number: 1545-0715--Public Comment Request Notice'' in
the Subject line.
FOR FURTHER INFORMATION CONTACT: Requests for additional information or
copies of the form and instructions should be directed to Ronald J.
Durbala, at (202) 317-5746, at Internal Revenue Service, Room 6526,
1111 Constitution Avenue NW, Washington, DC 20224, or through the
internet at [email protected].
SUPPLEMENTARY INFORMATION:
Title: Proceeds from Broker and Barter Exchange Transactions.
OMB Number: 1545-0715.
Form Project Number: Form 1099-B.
Abstract: Internal Revenue Code section 6045 requires the filing of
an information return by brokers to report the gross proceeds from
transactions and by barter exchanges to report exchanges of property or
services. Form 1099-B is used to report proceeds from these
transactions to the Internal Revenue Service.
Current Actions: Updates to the estimated number of annual
responses for Form 1099-B will increase the overall burden estimate by
1,262,659,912 hours.
Type of Review: Revision of a currently approved collection.
Affected Public: Individuals or households, business, or other for-
profit organization.
Estimated Number of Responses: 4,364,843,800.
Estimated Time per Respondent: 30 Min.
Estimated Total Annual Burden Hours: 2,182,421,900.
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.
Desired Focus of Comments: The Internal Revenue Service (IRS) is
particularly interested in comments that:
Evaluate whether the proposed collection of information is
necessary for the proper performance of the functions of the agency,
including whether the information will have practical utility.
Evaluate the accuracy of the agency's estimate of the
burden of the proposed collection of information, including the
validity of the methodology and assumptions used.
Enhance the quality, utility, and clarity of the
information to be collected; and
Minimize the burden of the collection of information on
those who are to respond, including using appropriate automated,
electronic, mechanical, or other technological collection techniques or
other forms of information technology, e.g., by permitting electronic
submissions of responses.
Comments submitted in response to this notice will be summarized
and/or included in the ICR for OMB approval of the extension of the
information collection; they will also become a matter of public
record.
Approved: September 21, 2023.
Ronald J. Durbala,
IRS Tax Analyst.
[FR Doc. 2023-20894 Filed 9-25-23; 8:45 am]
BILLING CODE 4830-01-P
