Internal Revenue Service Advisory Council (IRSAC); Nominations, 29433-29434 [2024-08510]
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Federal Register / Vol. 89, No. 78 / Monday, April 22, 2024 / Notices
DEPARTMENT OF THE TREASURY
Internal Revenue Service
Proposed Collection; Comment
Request for Digital Asset Proceeds
From Broker Transactions
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 information collection
requirements related to digital asset
proceeds from broker transactions.
DATES: Written comments should be
received on or before June 21, 2024 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 ‘‘Digital Asset Proceeds From
Broker Transactions’’ in the subject line
of the message.
FOR FURTHER INFORMATION CONTACT:
Requests for additional information or
copies of the form should be directed to
Andres Garcia, (202) 317–4542, or at
Internal Revenue Service, Room 6526,
1111 Constitution Avenue NW,
Washington, DC 20224, or through the
internet, at pra.comments@irs.gov.
SUPPLEMENTARY INFORMATION:
Title: Digital Asset Proceeds From
Broker Transactions.
OMB Number: 1545–NEW
Form Number: 1099–DA.
Abstract: Form 1099–DA is used by
brokers to report proceeds from (and in
some cases, basis for) digital asset
dispositions to taxpayers and to the IRS
(Internal Revenue Code section 6045(a)).
Taxpayers may be required to recognize
gain from these dispositions of digital
assets. Reporting is also required when
brokers know or have reason to know
that a corporation in which a taxpayer
owns digital assets, that is also stock,
has had a reportable change in control
or capital structure. Taxpayers may be
required to recognize gain from the
receipt of cash, services, digital assets,
or other property that was exchanged for
a digital asset that is also the
corporation’s stock.
Current Actions: This is a new
collection.
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SUMMARY:
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Type of Review: New collection.
Affected Public: Business or other forprofit organizations, individuals or
households, and not-for-profit
institutions.
Estimated Number of Respondents:
5,050.
Estimated Number of Responses per
Respondents: 2,833.
Estimated Time per Response: 0.15
hours.
Estimated Total Annual Burden
Hours: 2,146,250 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: April 16, 2024.
Andres Garcia Leon,
Supervisory Tax Analyst.
[FR Doc. 2024–08528 Filed 4–19–24; 8:45 am]
BILLING CODE 4830–01–P
DEPARTMENT OF THE TREASURY
Internal Revenue Service
Internal Revenue Service Advisory
Council (IRSAC); Nominations
Internal Revenue Service,
Department of the Treasury.
ACTION: Request for nominations.
AGENCY:
PO 00000
Frm 00152
Fmt 4703
Sfmt 4703
29433
The Internal Revenue Service
(IRS) is accepting applications for the
2025 Internal Revenue Service Advisory
Council (IRSAC), including nominees
for a new subcommittee focused on
fairness issues. IRSAC members are
drawn from substantially diverse
backgrounds representing a crosssection of the taxpaying public with
substantial, disparate experience in: tax
preparation for individuals, small
businesses and large, multi-national
corporations; tax-exempt and
government entities; information
reporting; taxpayer or consumer
advocacy; fairness in tax administration;
and civil rights and community
engagement. Nominations of qualified
individuals may come from individuals
or organizations.
DATES: Applications must be received
on or before May 31, 2024.
ADDRESSES: Applications should be
submitted to IRS National Public
Liaison via email to publicliaison@
irs.gov or electronic fax to 855–811–
8021. Applications are available on the
IRS website at https://www.irs.gov/irsac.
FOR FURTHER INFORMATION CONTACT:
Anna Millikan at 202–317–6564 (not a
toll-free number) or send an email to
publicliaison@irs.gov.
SUPPLEMENTARY INFORMATION: The
IRSAC serves as an advisory body to the
IRS commissioner and agency
leadership. The group is organized
under the Federal Advisory Committee
Act, 5 U.S.C. 10, and includes volunteer
members with a diverse set of interests
in tax issues. IRSAC provides an
organized forum for discussion of
relevant tax administration issues
between IRS officials and
representatives of the public.
The advisory council: proposes
enhancements to IRS operations;
recommends administrative and policy
changes to improve taxpayer services,
fairness in tax administration and
compliance; discusses issues and
recommends solutions relevant to
information reporting; addresses matters
concerning tax exempt and government
entities; and conveys the public’s
perception of professional standards
and best practices for tax professionals.
In addition, this January IRSAC will
launch its first-ever Subcommittee on
Fairness in Tax Administration. This
subcommittee will review and issue
specific recommendations related to
fairness in tax administration for lowincome communities, communities of
color and other historically underserved
populations. The subcommittee will
focus on how the IRS can address tax
administration disparities that may keep
some communities from fully benefiting
SUMMARY:
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29434
Federal Register / Vol. 89, No. 78 / Monday, April 22, 2024 / Notices
from and contributing to the nation’s
economic growth and prosperity.
Potential focus areas will include
disparities in audit selection, tax credit
uptake and financial access, scam
prevention, data analysis as well as
outreach and education strategies
among others.
The new IRSAC Subcommittee on
Fairness in Tax Administration will
closely coordinate with the Treasury
Advisory Committee on Racial Equity
(TACRE) which previously provided
recommendations to Treasury and IRS
on addressing racial disparities in audit
selection.
IRSAC members are appointed to
three-year terms by the IRS
commissioner and submit a report to
IRS leadership annually at a public
meeting. Applications are currently
being accepted for appointments that
will begin in January 2025.
Nominations of qualified individuals
may come from individuals or
organizations. IRSAC members are
drawn from diverse backgrounds
representing a cross-section of the
taxpaying public with experience in: tax
preparation for individuals, small
businesses and large multi-national
corporations; tax exempt and
government entities; information
reporting; taxpayer or consumer
advocacy; fairness in tax administration;
and civil rights and community
engagement.
Applications should document the
proposed member’s qualifications.
Applicants must be in good standing
with their own tax obligations and
demonstrate high professional and
ethical standards. In accordance with
the Department of Treasury Directive
21–03, all applicants must apply and
pass a tax compliance and practitioner
check. For those applicants deemed
‘‘best qualified,’’ FBI fingerprint checks
are required.
The IRSAC is also seeking applicants
with specific knowledge and
background in the following areas:
Individual Wage & Investment—
Knowledge of tax law application/tax
preparation experience, income tax
issues related to refundable credits,
including tax credit uptake, experience
educating on tax issues and topics
(especially outreach to and engagement
with underserved communities), with
multi-lingual taxpayer communications,
with prevention of tax-related scams
and schemes, with taxpayer advocacy or
contact center operations, with civil
rights, marketing/applying industry
benchmarks to operations, with tax
software industry, deductions,
withholding, or other information for
tax purposes; familiarity with IRS tax
VerDate Sep<11>2014
06:41 Apr 20, 2024
Jkt 262001
forms and publications; familiarity with
IRS’s online applications (e.g., Online
Account, EITC Assistant, etc.);
background with knowledge of
technology innovations in public and
private customer service sectors;
experience in application and use of
qualitative and quantitative data for use
in improving taxpayer/customer
experience, including for addressing
audit disparities.
Information Reporting—Knowledge of
banking industry and/or possess brokerdealer background with experience
filing information returns; knowledge of
payroll industry; experience with
retirement withholding and reporting.
Large Business & International—
Experience as a certified public
accountant or tax attorney working in or
for a large, sophisticated multinational
organization; experience working inhouse at a major firm dealing with tax
planning for complex organizations
including large multinational
corporations and large partnerships.
Small Business & Self-Employed—
Knowledge or experience with digital
assets and/or peer to peer payment
applications; knowledge of passthrough
entities and/or fiduciary tax; experience
with online or digital businesses, audit
representation and/or educating on tax
issues and topics; knowledge base and/
or background related to Collection
activities and balance due case
resolution options; experience as a
practitioner in underserved
communities (e.g., where English is not
the first language); experience with
digitalization systems, tools, or
processes; marketing experience to help
with ideas for increasing uptake of
digital tools offered by the IRS;
knowledge of IRS modernization
projects; understanding of the Inflation
Reduction Act and how it will impact
the IRS in the coming years; experience
developing and/or delivering virtual
presentations.
Tax Exempt & Government Entities—
Experience with Indian tribal
governments; experience in federal,
state, or local governments; experience
in tax-exempt bonds and/or employee
plans.
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.
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
PO 00000
Frm 00153
Fmt 4703
Sfmt 4703
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 16, 2024.
John A. Lipold,
Designated Federal Officer, Office of National
Public Liaison, Internal Revenue Service.
[FR Doc. 2024–08510 Filed 4–19–24; 8:45 am]
BILLING CODE 4830–01–P
DEPARTMENT OF THE TREASURY
Department of the Treasury.
Privacy Act of 1974; System of
Records
ACTION:
Notice of modified systems of
records.
In accordance with the
Privacy Act of 1974, the Department of
the Treasury (‘‘Treasury’’ or the
‘‘Department’’), proposes to modify 10
of its systems of records notices below
by adding one new routine use to all 10
systems.
DATES: Submit comments on or before
May 22, 2024. The new routine use will
be applicable on May 22, 2024 unless
Treasury receives comments and
determines that changes to the system of
records notice are necessary.
ADDRESSES: Comments may be
submitted to the Federal eRulemaking
Portal electronically at https://
www.regulations.gov identified by
docket number TREAS–DO–2024–0007.
Comments can also be sent to the
Deputy Assistant Secretary for Privacy,
Transparency, and Records, Department
of the Treasury, 1500 Pennsylvania
Avenue NW, Washington, DC 20220,
Attention: Modified Privacy Act
Systems of Records. All comments
received, including attachments and
other supporting documents, are part of
the public record and subject to public
disclosure. All comments received will
be posted without change to https://
www.regulations.gov, including any
personal information provided. You
should submit only information that
you wish to make publicly available.
FOR FURTHER INFORMATION CONTACT: For
general questions and for privacy issues
please contact: Ryan Law, Deputy
Assistant Secretary for Privacy,
Transparency, and Records (202–622–
5710), Department of the Treasury, 1500
Pennsylvania Avenue NW, Washington,
DC 20220.
SUMMARY:
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]]>Agencies
[Federal Register Volume 89, Number 78 (Monday, April 22, 2024)]
[Notices]
[Pages 29433-29434]
From the Federal Register Online via the Government Publishing Office [www.gpo.gov]
[FR Doc No: 2024-08510]
-----------------------------------------------------------------------
DEPARTMENT OF THE TREASURY
Internal Revenue Service
Internal Revenue Service Advisory Council (IRSAC); Nominations
AGENCY: Internal Revenue Service, Department of the Treasury.
ACTION: Request for nominations.
-----------------------------------------------------------------------
SUMMARY: The Internal Revenue Service (IRS) is accepting applications
for the 2025 Internal Revenue Service Advisory Council (IRSAC),
including nominees for a new subcommittee focused on fairness issues.
IRSAC members are drawn from substantially diverse backgrounds
representing a cross-section of the taxpaying public with substantial,
disparate experience in: tax preparation for individuals, small
businesses and large, multi-national corporations; tax-exempt and
government entities; information reporting; taxpayer or consumer
advocacy; fairness in tax administration; and civil rights and
community engagement. Nominations of qualified individuals may come
from individuals or organizations.
DATES: Applications must be received on or before May 31, 2024.
ADDRESSES: Applications should be submitted to IRS National Public
Liaison via email to [email protected] or electronic fax to 855-
811-8021. Applications are available on the IRS website at https://www.irs.gov/irsac.
FOR FURTHER INFORMATION CONTACT: Anna Millikan at 202-317-6564 (not a
toll-free number) or send an email to [email protected].
SUPPLEMENTARY INFORMATION: The IRSAC serves as an advisory body to the
IRS commissioner and agency leadership. The group is organized under
the Federal Advisory Committee Act, 5 U.S.C. 10, and includes volunteer
members with a diverse set of interests in tax issues. IRSAC provides
an organized forum for discussion of relevant tax administration issues
between IRS officials and representatives of the public.
The advisory council: proposes enhancements to IRS operations;
recommends administrative and policy changes to improve taxpayer
services, fairness in tax administration and compliance; discusses
issues and recommends solutions relevant to information reporting;
addresses matters concerning tax exempt and government entities; and
conveys the public's perception of professional standards and best
practices for tax professionals.
In addition, this January IRSAC will launch its first-ever
Subcommittee on Fairness in Tax Administration. This subcommittee will
review and issue specific recommendations related to fairness in tax
administration for low-income communities, communities of color and
other historically underserved populations. The subcommittee will focus
on how the IRS can address tax administration disparities that may keep
some communities from fully benefiting
[[Page 29434]]
from and contributing to the nation's economic growth and prosperity.
Potential focus areas will include disparities in audit selection, tax
credit uptake and financial access, scam prevention, data analysis as
well as outreach and education strategies among others.
The new IRSAC Subcommittee on Fairness in Tax Administration will
closely coordinate with the Treasury Advisory Committee on Racial
Equity (TACRE) which previously provided recommendations to Treasury
and IRS on addressing racial disparities in audit selection.
IRSAC members are appointed to three-year terms by the IRS
commissioner and submit a report to IRS leadership annually at a public
meeting. Applications are currently being accepted for appointments
that will begin in January 2025.
Nominations of qualified individuals may come from individuals or
organizations. IRSAC members are drawn from diverse backgrounds
representing a cross-section of the taxpaying public with experience
in: tax preparation for individuals, small businesses and large multi-
national corporations; tax exempt and government entities; information
reporting; taxpayer or consumer advocacy; fairness in tax
administration; and civil rights and community engagement.
Applications should document the proposed member's qualifications.
Applicants must be in good standing with their own tax obligations and
demonstrate high professional and ethical standards. In accordance with
the Department of Treasury Directive 21-03, all applicants must apply
and pass a tax compliance and practitioner check. For those applicants
deemed ``best qualified,'' FBI fingerprint checks are required.
The IRSAC is also seeking applicants with specific knowledge and
background in the following areas:
Individual Wage & Investment--Knowledge of tax law application/tax
preparation experience, income tax issues related to refundable
credits, including tax credit uptake, experience educating on tax
issues and topics (especially outreach to and engagement with
underserved communities), with multi-lingual taxpayer communications,
with prevention of tax-related scams and schemes, with taxpayer
advocacy or contact center operations, with civil rights, marketing/
applying industry benchmarks to operations, with tax software industry,
deductions, withholding, or other information for tax purposes;
familiarity with IRS tax forms and publications; familiarity with IRS's
online applications (e.g., Online Account, EITC Assistant, etc.);
background with knowledge of technology innovations in public and
private customer service sectors; experience in application and use of
qualitative and quantitative data for use in improving taxpayer/
customer experience, including for addressing audit disparities.
Information Reporting--Knowledge of banking industry and/or possess
broker-dealer background with experience filing information returns;
knowledge of payroll industry; experience with retirement withholding
and reporting.
Large Business & International--Experience as a certified public
accountant or tax attorney working in or for a large, sophisticated
multinational organization; experience working in-house at a major firm
dealing with tax planning for complex organizations including large
multinational corporations and large partnerships.
Small Business & Self-Employed--Knowledge or experience with
digital assets and/or peer to peer payment applications; knowledge of
passthrough entities and/or fiduciary tax; experience with online or
digital businesses, audit representation and/or educating on tax issues
and topics; knowledge base and/or background related to Collection
activities and balance due case resolution options; experience as a
practitioner in underserved communities (e.g., where English is not the
first language); experience with digitalization systems, tools, or
processes; marketing experience to help with ideas for increasing
uptake of digital tools offered by the IRS; knowledge of IRS
modernization projects; understanding of the Inflation Reduction Act
and how it will impact the IRS in the coming years; experience
developing and/or delivering virtual presentations.
Tax Exempt & Government Entities--Experience with Indian tribal
governments; experience in federal, state, or local governments;
experience in tax-exempt bonds and/or employee plans.
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.
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 16, 2024.
John A. Lipold,
Designated Federal Officer, Office of National Public Liaison, Internal
Revenue Service.
[FR Doc. 2024-08510 Filed 4-19-24; 8:45 am]
BILLING CODE 4830-01-P
