Agency Information Collection Activities; Submission for OMB Review; Comment Request; U.S. Income Tax Return for Individual Taxpayers, 87057-87058 [2023-27645]
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ddrumheller on DSK120RN23PROD with NOTICES1
Federal Register / Vol. 88, No. 240 / Friday, December 15, 2023 / Notices
documentation to substantiate elements
of an application, which may include
letters of commitment for proposed
matching funds and letters from other
jurisdictions demonstrating a plan to
coordinate on a regional approach, as
applicable. Treasury will collect
application information from eligible
jurisdictions through an online portal.
• SSBCI Investing in America SBOP
Reports. Treasury must collect financial
and performance reports consistent with
2 CFR 200.328 and 329 in order for
Treasury to determine compliance with
the SSBCI statute, regulations, and
guidance and to evaluate program
outcomes. The financial and
performance reports must include
information about the applicant’s
progress in implementing its project and
details on its use of program funds.
Treasury anticipates publishing
reporting guidance for the SSBCI
Investing in America SBOP that is
anticipated to be generally consistent
with the reporting guidance for the
formula-based TA Grant Program, which
may be found on Treasury’s website at
https://home.treasury.gov/system/files/
136/SSBCI-Technical-AssistanceReporting-Guidance.pdf, with potential
new or modified data elements specific
to this program. Treasury will clearly
specify all reporting requirements
specific to the SSBCI Investing in
America SBOP. All reports must be
submitted in electronic format as
specified in the terms and conditions of
the award.
Treasury is updating the burden
estimate for OMB Control Number
1505–0227 to account for applications
and reports under the SSBCI Investing
in America SBOP.
Form: SSBCI Investing in America
SBOP Application and reporting forms,
through an online Treasury portal
annual report forms.
Affected Public: States, the District of
Columbia, territories, and Tribal
governments, small businesses.
Estimated Number of Respondents:
For application submission: 100; for
reporting: 15.
Frequency of Response: For
application submission: one time; for
grant award modifications: one time; for
reporting: annually and semiannually.
Estimated Total Number of Annual
Responses: The current estimate for
OMB Control Number 1505–0227 is
112,376. Treasury estimates the SSBCI
Investing in America SBOP will
increase this estimate by 6,115 to
118,491.
Estimated Time per Response: For the
SSBCI Investing in America SBOP,
depending on the type of collection
VerDate Sep<11>2014
17:57 Dec 14, 2023
Jkt 262001
Treasury estimates that responses will
take 9 minutes up to 6 hours.
Estimated Total Annual Burden
Hours: The current estimate for OMB
Control Number 1505–0227 is 24,877.
Treasury estimates the SSBCI Investing
in America SBOP will increase this
estimate by 1,530 hours to 26,407.
Request for Comments: Comments
submitted in response to this notice will
be summarized and 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 technology; and (e) estimates of
capital or start-up costs and costs of
operation, maintenance, and purchase
of services required to provide
information.
Authority: 44 U.S.C. 3501 et seq.
Jeffrey Stout,
Director, SSBCI.
[FR Doc. 2023–27535 Filed 12–14–23; 8:45 am]
BILLING CODE 4810–AK–P
DEPARTMENT OF THE TREASURY
Agency Information Collection
Activities; Submission for OMB
Review; Comment Request; U.S.
Income Tax Return for Individual
Taxpayers
Departmental Offices, U.S.
Department of the Treasury.
ACTION: Notice of Information
Collection; request for comment.
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 the
burden associated with the U.S. Income
Tax Return Forms for Individual
Taxpayers.
SUMMARY:
Comments should be received on
or before January 16, 2024 to be assured
of consideration.
DATES:
PO 00000
Frm 00185
Fmt 4703
Sfmt 4703
87057
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.
FOR FURTHER INFORMATION CONTACT:
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.
ADDRESSES:
SUPPLEMENTARY INFORMATION:
Internal Revenue Service (IRS)
Title: U.S. Income Tax Return for
Individual Taxpayers.
OMB Number: 1545–0074.
Form Number: Form 1040 and
affiliated return forms.
Abstract: IRC sections 6011 & 6012 of
the Internal Revenue Code require
individuals to prepare and file income
tax returns annually. These forms and
related schedules are used by
individuals to report their income
subject to tax and compute their correct
tax liability. This information collection
request (ICR) covers the actual reporting
burden associated with preparing and
submitting the prescribed return forms,
by individuals required to file Form
1040 and any of its affiliated forms as
explained in the attached table.
Current Actions: There have also been
changes in regulatory guidance related
to various forms approved under this
approval package during the past year.
There have been additions and removals
of forms included in this approval
package. In filing season 2024, the
Internal Revenue Service (IRS) will
launch a pilot program for a free direct
e-file tax return system (Direct File).
This limited-scale pilot will allow the
IRS to evaluate the costs, benefits, and
operational challenges associated with
providing such an optional service to
taxpayers.
This approval package is being
submitted for renewal purposes only.
Type of Review: Revision of a
currently approved collection.
Affected Public: Individuals or
Households, Farms.
Estimated Number of Respondents:
171,800,000.
Estimated Time per Respondent
(Hours): 13.
Estimated Total Annual Time (Hours):
2,249,000,000.
Estimated Total Annual Monetized
Time ($): 46,342,000,000.
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15DEN1
87058
Federal Register / Vol. 88, No. 240 / Friday, December 15, 2023 / Notices
Estimated Total Out-of-Pockets Costs
($): 45,365,000,000.
Estimated Total Monetized Burden
($): 91,707,000,000.
Note: Total Monetized Burden = Total Outof-Pocket Costs + Total Annual Monetized
Time.
ESTIMATED AVERAGE TAXPAYER BURDEN FOR INDIVIDUALS FILING A 1040 BY ACTIVITY
Primary form filed or type of taxpayer
Time burden
Money burden
Average time burden
(hours) *
Percentage of
returns
(%)
All Taxpayers ....................
Type of Taxpayer
Nonbusiness ** ..................
Business *** .......................
Record
keeping
Total time
Average cost
(dollars)
Form
completion
and
submission
Tax planning
All other
Total monetized burden
(dollars)
100%
13
6
2
4
1
$270
$540
72%
28
9
24
3
12
1
4
3
6
1
2
150
560
310
1,120
Note: Detail may not add to total due to rounding. Dollars rounded to the nearest $10.
*A ‘‘business’’ filer files one or more of the following with Form 1040: Schedule C, C–EZ, E, F, Form 2106, or 2106–EZ. A ‘‘nonbusiness’’ filer does not file any of
these schedules or forms with Form 1040.
Source: RAAS:KDA (11–2–2023)
TAXPAYER BURDEN STATISTICS BY TOTAL POSITIVE INCOME QUINTILE
Average time
(hours)
Average out-ofpocket costs
Average total
monetized burden
All Filers
Total positive income quintiles
0 to 20 ................................................................................................................
20 to 40 ..............................................................................................................
40 to 60 ..............................................................................................................
60 to 80 ..............................................................................................................
80 to 100 ............................................................................................................
7.8
10.9
11.6
13.1
22.7
80
128
165
232
726
$146
242
327
480
1,497
6.9
9.3
9.0
9.1
10.8
71
112
139
185
322
129
212
277
384
737
11.9
18.5
21.0
22.0
33.1
125
204
258
338
1,077
225
379
507
697
2,155
Wage and Investment Filers
Total Income Quintiles:
0 to 20 ................................................................................................................
20 to 40 ..............................................................................................................
40 to 60 ..............................................................................................................
60 to 80 ..............................................................................................................
80 to 100 ............................................................................................................
Self Employed Filers
Total Income Quintiles
0 to 20 ................................................................................................................
20 to 40 ..............................................................................................................
40 to 60 ..............................................................................................................
60 to 80 ..............................................................................................................
80 to 100 ............................................................................................................
Source: RAAS:KDA (12–1–2023)
(Authority: 44 U.S.C. 3501 et seq.)
Melody Braswell,
Treasury PRA Clearance Officer.
[FR Doc. 2023–27645 Filed 12–14–23; 8:45 am]
BILLING CODE 4830–01–P
ddrumheller on DSK120RN23PROD with NOTICES1
DEPARTMENT OF THE TREASURY
Agency Information Collection
Activities; Submission for OMB
Review; Comment Request;
Coronavirus Capital Projects Fund
Departmental Offices, U.S.
Department of the Treasury.
AGENCY:
VerDate Sep<11>2014
17:57 Dec 14, 2023
Jkt 262001
Notice of information collection;
request for comment.
ACTION:
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.
SUMMARY:
Comments should be received on
or before January 16, 2024 to be assured
of consideration.
DATES:
PO 00000
Frm 00186
Fmt 4703
Sfmt 4703
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.
FOR FURTHER INFORMATION CONTACT:
Copies of the submissions may be
obtained from Spencer W. Clark by
emailing PRA@treasury.gov, calling
(202) 927–5331, or viewing the entire
information collection request at
www.reginfo.gov.
ADDRESSES:
E:\FR\FM\15DEN1.SGM
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]]>Agencies
[Federal Register Volume 88, Number 240 (Friday, December 15, 2023)]
[Notices]
[Pages 87057-87058]
From the Federal Register Online via the Government Publishing Office [www.gpo.gov]
[FR Doc No: 2023-27645]
-----------------------------------------------------------------------
DEPARTMENT OF THE TREASURY
Agency Information Collection Activities; Submission for OMB
Review; Comment Request; U.S. Income Tax Return for Individual
Taxpayers
AGENCY: Departmental Offices, U.S. Department of the Treasury.
ACTION: Notice of Information Collection; request for comment.
-----------------------------------------------------------------------
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 the burden associated with the U.S. Income Tax Return Forms
for Individual Taxpayers.
DATES: Comments should be received on or before January 16, 2024 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.
FOR FURTHER INFORMATION CONTACT: 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: U.S. Income Tax Return for Individual Taxpayers.
OMB Number: 1545-0074.
Form Number: Form 1040 and affiliated return forms.
Abstract: IRC sections 6011 & 6012 of the Internal Revenue Code
require individuals to prepare and file income tax returns annually.
These forms and related schedules are used by individuals to report
their income subject to tax and compute their correct tax liability.
This information collection request (ICR) covers the actual reporting
burden associated with preparing and submitting the prescribed return
forms, by individuals required to file Form 1040 and any of its
affiliated forms as explained in the attached table.
Current Actions: There have also been changes in regulatory
guidance related to various forms approved under this approval package
during the past year. There have been additions and removals of forms
included in this approval package. In filing season 2024, the Internal
Revenue Service (IRS) will launch a pilot program for a free direct e-
file tax return system (Direct File). This limited-scale pilot will
allow the IRS to evaluate the costs, benefits, and operational
challenges associated with providing such an optional service to
taxpayers.
This approval package is being submitted for renewal purposes only.
Type of Review: Revision of a currently approved collection.
Affected Public: Individuals or Households, Farms.
Estimated Number of Respondents: 171,800,000.
Estimated Time per Respondent (Hours): 13.
Estimated Total Annual Time (Hours): 2,249,000,000.
Estimated Total Annual Monetized Time ($): 46,342,000,000.
[[Page 87058]]
Estimated Total Out-of-Pockets Costs ($): 45,365,000,000.
Estimated Total Monetized Burden ($): 91,707,000,000.
Note: Total Monetized Burden = Total Out-of-Pocket Costs + Total
Annual Monetized Time.
Estimated Average Taxpayer Burden for Individuals Filing a 1040 by Activity
------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------
Primary form filed or type of taxpayer Time burden Money burden
------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------
Average time burden (hours) *
-------------------------------------------------------------------------------- Total
Percentage of Form Average cost monetized
returns (%) Record completion (dollars) burden
Total time keeping Tax planning and All other (dollars)
submission
------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------
All Taxpayers................................................... 100% 13 6 2 4 1 $270 $540
Type of Taxpayer
Nonbusiness **.................................................. 72% 9 3 1 3 1 150 310
Business ***.................................................... 28 24 12 4 6 2 560 1,120
------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------
Note: Detail may not add to total due to rounding. Dollars rounded to the nearest $10.
*A ``business'' filer files one or more of the following with Form 1040: Schedule C, C-EZ, E, F, Form 2106, or 2106-EZ. A ``nonbusiness'' filer does not file any of these schedules or forms
with Form 1040.
Source: RAAS:KDA (11-2-2023)
Taxpayer Burden Statistics by Total Positive Income Quintile
----------------------------------------------------------------------------------------------------------------
Average time Average out-of- Average total
(hours) pocket costs monetized burden
----------------------------------------------------------------------------------------------------------------
All Filers
----------------------------------------------------------------------------------------------------------------
Total positive income quintiles
0 to 20............................................ 7.8 80 $146
20 to 40........................................... 10.9 128 242
40 to 60........................................... 11.6 165 327
60 to 80........................................... 13.1 232 480
80 to 100.......................................... 22.7 726 1,497
----------------------------------------------------------------------------------------------------------------
Wage and Investment Filers
----------------------------------------------------------------------------------------------------------------
Total Income Quintiles:
0 to 20............................................ 6.9 71 129
20 to 40........................................... 9.3 112 212
40 to 60........................................... 9.0 139 277
60 to 80........................................... 9.1 185 384
80 to 100.......................................... 10.8 322 737
----------------------------------------------------------------------------------------------------------------
Self Employed Filers
----------------------------------------------------------------------------------------------------------------
Total Income Quintiles
0 to 20............................................ 11.9 125 225
20 to 40........................................... 18.5 204 379
40 to 60........................................... 21.0 258 507
60 to 80........................................... 22.0 338 697
80 to 100.......................................... 33.1 1,077 2,155
----------------------------------------------------------------------------------------------------------------
Source: RAAS:KDA (12-1-2023)
(Authority: 44 U.S.C. 3501 et seq.)
Melody Braswell,
Treasury PRA Clearance Officer.
[FR Doc. 2023-27645 Filed 12-14-23; 8:45 am]
BILLING CODE 4830-01-P
