Agency Collection Activities; Requesting Comments on Form 8801, 74376-74377 [2024-20709]

Download as PDF 74376 Federal Register / Vol. 89, No. 177 / Thursday, September 12, 2024 / Notices ddrumheller on DSK120RN23PROD with NOTICES1 respondents since OFAC’s last information collection submission regarding the Regulations in 2021 is due to OFAC consolidating several information collection requests and, in response to unpredictable foreign policy developments and considerations, and given the ongoing conflict in Ukraine, has added a number of new prohibitions, as well as several thousand new designations, particularly with respect to Ukraine and Russian, resulting in a corresponding increase in related reports. In addition, a May 2024 amendment to the Cuban Assets Control Regulations in 31 CFR 515.584(d) reinstated an authorization for ‘‘U-turn’’ transactions to support independent private sector entrepreneurs in Cuba, by facilitating remittances and payments for authorized transactions in the Cuban private sector, which is expected to lead to an increase in remittances to Cuba over the coming three years. Frequency of Response: The estimated annual frequency of responses is between 1 and 17,800, varying greatly by entity depending on the size, nature, and scope of business activities of each respondent, with the majority of filers providing a small number of responses and a small number of filers submitting a higher number of responses. Estimated Total Number of Annual Responses: The estimated total number of responses per year is approximately 2,502,086. Estimated Time per Response: OFAC assesses that there is an average time estimate for reports associated with forms ranging from 15 minutes to 2 hours and for reports associated with general licenses, Cuba remittances, Cuba travel, closure of correspondent or payable-through accounts, and other miscellaneous reports ranging from 1 minute to 5 hours. Estimated Total Annual Burden Hours: The estimated total annual reporting burden is approximately 86,223 hours. 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 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 VerDate Sep<11>2014 20:43 Sep 11, 2024 Jkt 262001 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 required to provide information. Authority: 44 U.S.C. 3501 et seq. Dated: September 9, 2024. Lisa M. Palluconi, Acting Director, Office of Foreign Assets Control. [FR Doc. 2024–20675 Filed 9–11–24; 8:45 am] BILLING CODE 4810–AL–P DEPARTMENT OF THE TREASURY Internal Revenue Service Agency Collection Activities; Requesting Comments on Form 8801 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 proposed and/or continuing information collections, as required by the Paperwork Reduction Act of 1995. The IRS is soliciting comments concerning Form 8801, Credit for Prior Year Minimum Tax— Individuals, Estates, and Trusts. DATES: Written comments should be received on or before November 12, 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 No. 1545–1073 in the subject line of the message. FOR FURTHER INFORMATION CONTACT: Requests for additional information or copies of this collection should be directed to Jason Schoonmaker, (801) 620–2128, at Internal Revenue Service, Room 6526, 1111 Constitution Avenue NW, Washington, DC 20224, or through the internet at jason.m.schoonmaker@ irs.gov. SUMMARY: The IRS is currently seeking comments concerning the following information collection tools, reporting, and record-keeping requirements: Title: Credit for Prior Year Minimum Tax—Individuals, Estates, and Trusts. OMB Number: 1545–1073. Form Number: Form 8801. SUPPLEMENTARY INFORMATION: PO 00000 Frm 00177 Fmt 4703 Sfmt 4703 Abstract: Form 8801 is used by individuals, estates, and trusts to compute the minimum tax credit, if any, available from a tax year beginning after 1986 to be used in the current year or to be carried forward for use in a future year. These burden estimates are only for trust and estate filers (nonindividual taxpayers). The burden estimates for other filers are covered under OMB control numbers 1545–0074 for individual filers. Current Actions: There are no changes to the burden previously approved by OMB. This submission is for renewal purposes. Type of Review: Extension of a currently approved collection. Affected Public: Individuals and households. Estimated Number of Responses: 20,100. Estimated Time per Respondent: 7 hours, 4 minutes. Estimated Total Annual Burden Hours: 142,164. 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. 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. E:\FR\FM\12SEN1.SGM 12SEN1 Federal Register / Vol. 89, No. 177 / Thursday, September 12, 2024 / Notices Approved: September 9, 2024. Jason M. Schoonmaker, Tax Analyst. 620–2128, at Internal Revenue Service, Room 6526, 1111 Constitution Avenue NW, Washington, DC 20224, or through the internet at jason.m.schoonmaker@ irs.gov. [FR Doc. 2024–20709 Filed 9–11–24; 8:45 am] BILLING CODE 4830–01–P The IRS is currently seeking comments concerning the following information collection tools, reporting, and record-keeping requirements: Title: Casualties and Thefts. OMB Number: 1545–0177. Form Number: 4684. Abstract: Form 4684 is used by taxpayers to compute their gain or loss from casualties or thefts, and to summarize such gains and losses. The data is used to verify that the correct gain or loss has been computed. These burden estimates are only for taxexempt, trust and estate filers. The burden estimates for other filers are covered under OMB control numbers 1545–0074 for individual filers and 1545–0123 for business filers. Current Actions: There is no change to the existing collection. However, the estimated number of responses was updated to eliminate duplication of the burden associated with business filers captured under OMB control number 1545–0123. Type of Review: Extension of a currently approved collection. Affected Public: Individuals, households, and business or other forprofit organizations. Estimated Number of Responses: 1,860. Estimated Time per Respondent: 6 hours, 3 minutes. Estimated Total Annual Burden Hours: 11,253. SUPPLEMENTARY INFORMATION: DEPARTMENT OF THE TREASURY Internal Revenue Service Agency Collection Activities; Requesting Comments on Form 4684, Casualties and Thefts 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 proposed and/or continuing information collections, as required by the Paperwork Reduction Act of 1995. The IRS is soliciting comments concerning Form 4684, Casualties and Thefts. DATES: Written comments should be received on or before November 12, 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 No. 1545–0177 in the subject line of the message. FOR FURTHER INFORMATION CONTACT: Requests for additional information or copies of this collection should be directed to Jason Schoonmaker, (801) ddrumheller on DSK120RN23PROD with NOTICES1 SUMMARY: VerDate Sep<11>2014 20:43 Sep 11, 2024 Jkt 262001 PO 00000 Frm 00178 Fmt 4703 Sfmt 9990 74377 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. 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: September 9, 2024. Jason M. Schoonmaker, Tax Analyst. [FR Doc. 2024–20710 Filed 9–11–24; 8:45 am] BILLING CODE 4830–01–P E:\FR\FM\12SEN1.SGM 12SEN1

Agencies

[Federal Register Volume 89, Number 177 (Thursday, September 12, 2024)]
[Notices]
[Pages 74376-74377]
From the Federal Register Online via the Government Publishing Office [www.gpo.gov]
[FR Doc No: 2024-20709]


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DEPARTMENT OF THE TREASURY

Internal Revenue Service


Agency Collection Activities; Requesting Comments on Form 8801

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 
proposed and/or continuing information collections, as required by the 
Paperwork Reduction Act of 1995. The IRS is soliciting comments 
concerning Form 8801, Credit for Prior Year Minimum Tax--Individuals, 
Estates, and Trusts.

DATES: Written comments should be received on or before November 12, 
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 No. 
1545-1073 in the subject line of the message.

FOR FURTHER INFORMATION CONTACT: Requests for additional information or 
copies of this collection should be directed to Jason Schoonmaker, 
(801) 620-2128, at Internal Revenue Service, Room 6526, 1111 
Constitution Avenue NW, Washington, DC 20224, or through the internet 
at [email protected].

SUPPLEMENTARY INFORMATION: The IRS is currently seeking comments 
concerning the following information collection tools, reporting, and 
record-keeping requirements:
    Title: Credit for Prior Year Minimum Tax--Individuals, Estates, and 
Trusts.
    OMB Number: 1545-1073.
    Form Number: Form 8801.
    Abstract: Form 8801 is used by individuals, estates, and trusts to 
compute the minimum tax credit, if any, available from a tax year 
beginning after 1986 to be used in the current year or to be carried 
forward for use in a future year. These burden estimates are only for 
trust and estate filers (non-individual taxpayers). The burden 
estimates for other filers are covered under OMB control numbers 1545-
0074 for individual filers.
    Current Actions: There are no changes to the burden previously 
approved by OMB. This submission is for renewal purposes.
    Type of Review: Extension of a currently approved collection.
    Affected Public: Individuals and households.
    Estimated Number of Responses: 20,100.
    Estimated Time per Respondent: 7 hours, 4 minutes.
    Estimated Total Annual Burden Hours: 142,164.
    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. 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.


[[Page 74377]]


    Approved: September 9, 2024.
Jason M. Schoonmaker,
Tax Analyst.
[FR Doc. 2024-20709 Filed 9-11-24; 8:45 am]
BILLING CODE 4830-01-P


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