Proposed Collection; Comment Request on Distributions From Pensions, Annuities, Retirement or Profit-Sharing Plans, IRAs, Insurance Contracts, etc., 67717 [2024-18759]
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Federal Register / Vol. 89, No. 162 / Wednesday, August 21, 2024 / Notices
Dated: August 15, 2024.
Lisa M. Palluconi,
Acting Director, Office of Foreign Assets
Control, U.S. Department of the Treasury.
[FR Doc. 2024–18706 Filed 8–20–24; 8:45 am]
BILLING CODE 4810–AL–C
DEPARTMENT OF THE TREASURY
Internal Revenue Service
Proposed Collection; Comment
Request on Distributions From
Pensions, Annuities, Retirement or
Profit-Sharing Plans, IRAs, Insurance
Contracts, etc.
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 distributions
from pensions, annuities, retirement or
profit-sharing plans, IRAs, insurance
contracts, etc.
DATES: Written comments should be
received on or before October 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 OMB control number 1545–
0119 or Distributions From Pensions,
Annuities, Retirement or Profit-sharing
Plans, IRAs, Insurance Contracts, etc., in
the subject line.
FOR FURTHER INFORMATION CONTACT:
Requests for additional information or
copies of the form 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: Distributions From Pensions,
Annuities, Retirement or Profit-sharing
Plans, IRAs, Insurance Contracts, etc.
OMB Number: 1545–0119.
Form Number: 1099–R.
Abstract: Form 1099–R is used to
report distributions from pensions,
annuities, profit-sharing or retirement
plans, IRAs, and the surrender of
insurance contracts. This information is
lotter on DSK11XQN23PROD with NOTICES1
SUMMARY:
VerDate Sep<11>2014
17:17 Aug 20, 2024
Jkt 262001
used by the IRS to verify that income
has been properly reported by the
recipient.
Current Actions: There is no change to
the form, however the agency has
updated the estimated number of
responses based on the most recent
filing data. The agency estimates
9,729,300 more responses, increasing
overall burden by 4,280,892 hours.
Type of Review: Extension of a
currently approved collection.
Affected Public: Businesses or other
for-profit organizations, not for-profit
institutions, and Federal, state, local or
tribal governments.
Estimated Number of Respondents:
8,000.
Estimated Number of Responses:
115,703,400.
Estimated Time per Response: 26
minutes.
Estimated Total Annual Burden
Hours: 50,909,496 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: August 16, 2024.
Kerry L. Dennis
Tax Analyst.
[FR Doc. 2024–18759 Filed 8–20–24; 8:45 am]
BILLING CODE 4830–01–P
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67717
DEPARTMENT OF VETERANS
AFFAIRS
[OMB Control No. 2900–0797]
Agency Information Collection Activity
under OMB Review: GI Bill® School
Feedback Tool
Veterans Benefits
Administration, Department of Veterans
Affairs.
ACTION: Notice.
AGENCY:
In compliance with the
Paperwork Reduction Act (PRA) of
1995, this notice announces that the
Veterans Benefits Administration
(VBA), Department of Veterans Affairs,
will submit the collection of
information abstracted below to the
Office of Management and Budget
(OMB) for review and comment. The
PRA submission describes the nature of
the information collection and its
expected cost and burden, and it
includes the actual data collection
instrument.
DATES: Comments and
recommendations for the proposed
information collection should be sent
within 30 days of publication of this
notice by clicking on the following link
www.reginfo.gov/public/do/PRAMain,
select ‘‘Currently under Review—Open
for Public Comments’’, then search the
list for the information collection by
Title or ‘‘OMB Control No. 2900–0797.’’
FOR FURTHER INFORMATION CONTACT: VA
PRA information: Maribel Aponte, 202–
461–8900, vacopaperworkreduact@
va.gov.
SUPPLEMENTARY INFORMATION:
Title: GI Bill® School Feedback Tool,
No Form.
OMB Control Number: 2900–0797,
https://www.reginfo.gov/public/do/
PRASearch.
Type of Review: Revision of a
currently approved collection.
Abstract: Executive Order 13607,
Establishing Principles of Excellence,
which is now identified as the GI Bill
School Feedback Tool is used for
Educational Institutions serving service
members, Veterans, spouses, and other
family members, requires the
establishment of a centralized complaint
system for students receiving federal
military and Veteran educational
benefits. The purpose of the complaint
system is to provide a standardized
method to submit a complaint against
an educational institution alleging
fraudulent and unduly aggressive
recruiting techniques,
misrepresentation, payment of incentive
compensation, failure to meet state
authorization requirements, or failure to
SUMMARY:
E:\FR\FM\21AUN1.SGM
21AUN1
]]>Agencies
[Federal Register Volume 89, Number 162 (Wednesday, August 21, 2024)]
[Notices]
[Page 67717]
From the Federal Register Online via the Government Publishing Office [www.gpo.gov]
[FR Doc No: 2024-18759]
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DEPARTMENT OF THE TREASURY
Internal Revenue Service
Proposed Collection; Comment Request on Distributions From
Pensions, Annuities, Retirement or Profit-Sharing Plans, IRAs,
Insurance Contracts, etc.
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
information collection requirements related to distributions from
pensions, annuities, retirement or profit-sharing plans, IRAs,
insurance contracts, etc.
DATES: Written comments should be received on or before October 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 [email protected]. Include OMB control number
1545-0119 or Distributions From Pensions, Annuities, Retirement or
Profit-sharing Plans, IRAs, Insurance Contracts, etc., in the subject
line.
FOR FURTHER INFORMATION CONTACT: Requests for additional information or
copies of the form 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: Distributions From Pensions, Annuities, Retirement or
Profit-sharing Plans, IRAs, Insurance Contracts, etc.
OMB Number: 1545-0119.
Form Number: 1099-R.
Abstract: Form 1099-R is used to report distributions from
pensions, annuities, profit-sharing or retirement plans, IRAs, and the
surrender of insurance contracts. This information is used by the IRS
to verify that income has been properly reported by the recipient.
Current Actions: There is no change to the form, however the agency
has updated the estimated number of responses based on the most recent
filing data. The agency estimates 9,729,300 more responses, increasing
overall burden by 4,280,892 hours.
Type of Review: Extension of a currently approved collection.
Affected Public: Businesses or other for-profit organizations, not
for-profit institutions, and Federal, state, local or tribal
governments.
Estimated Number of Respondents: 8,000.
Estimated Number of Responses: 115,703,400.
Estimated Time per Response: 26 minutes.
Estimated Total Annual Burden Hours: 50,909,496 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: August 16, 2024.
Kerry L. Dennis
Tax Analyst.
[FR Doc. 2024-18759 Filed 8-20-24; 8:45 am]
BILLING CODE 4830-01-P
