Agency Information Collection Activities; Submission for OMB Review; Comment Request; Multiple Internal Revenue Service (IRS) Information Collection Requests, 103930-103931 [2024-30254]
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103930
Federal Register / Vol. 89, No. 244 / Thursday, December 19, 2024 / Notices
TABLE 2—FY2025 AVERAGE BURDEN PROJECTIONS BY TOTAL INCOME *—Continued
Average time
(hrs.)
Total income
Average
out-of-pocket
costs
Average
monetized
burden
Table 2C—Decedent Estates
1.
2.
3.
4.
5.
<$1 ...........................................................................................................................................
$1 to $5,000 ............................................................................................................................
$5,001 to $10,000 ...................................................................................................................
$10,001 to $50,000 .................................................................................................................
>$50,000 ..................................................................................................................................
16
18
18
18
21
2,500
2,300
2,900
3,700
6,000
3,400
3,000
3,800
5,000
8,000
Source: IRS:RAAS:KDA (11–18–2024).
* Grantor trusts are not reflected in this table because income from a grantor trust is generally reported on the grantor’s tax return.
TABLE 3—FY2025 AVERAGE BURDEN PROJECTIONS BY NUMBER OF K–1S ATTACHED *
Average time
(hrs.)
Number of K–1s
Average
out-of-pocket
costs
Average
monetized
burden
Table 3A—Simple Trusts
0 ...................................................................................................................................................
1–5 ...............................................................................................................................................
6–10 .............................................................................................................................................
>10 ...............................................................................................................................................
9
8
13
17
$1,000
1,300
2,300
3,300
$1,400
1,900
3,300
4,700
Table 3B—Complex Trusts, Qualified Disability Trusts, Pooled Income Funds, Ch. 7 and 11 Bankruptcy Estates
0 ...................................................................................................................................................
1–5 ...............................................................................................................................................
6–10 .............................................................................................................................................
>10 ...............................................................................................................................................
9
11
20
26
1,200
2,200
4,300
5,800
1,600
3,100
6,100
8,100
14
20
25
32
2,400
3,800
5,400
7,500
3,300
5,100
7,300
11,000
Table 3C—Decedent Estates
0 ...................................................................................................................................................
1–5 ...............................................................................................................................................
6–10 .............................................................................................................................................
>10 ...............................................................................................................................................
Source: IRS:RAAS:KDA (11–18–2024).
* Grantor trusts are not reflected in this table because they do not use Schedule K–1s. See Instructions to Form 1041, https://www.irs.gov/instructions/i1041.
Authority: 44 U.S.C. 3501 et seq.
Melody Braswell,
Treasury PRA Clearance Officer.
[FR Doc. 2024–30066 Filed 12–18–24; 8:45 am]
Comments should be received on
or before January 21, 2025 to be assured
of consideration.
BILLING CODE 4830–01–P
DATES:
DEPARTMENT OF THE TREASURY
ADDRESSES:
Agency Information Collection
Activities; Submission for OMB
Review; Comment Request; Multiple
Internal Revenue Service (IRS)
Information Collection Requests
Departmental Offices, U.S.
Department of the Treasury.
ACTION: Notice.
AGENCY:
lotter on DSK11XQN23PROD with NOTICES1
Reduction Act of 1995, on or after the
date of publication of this notice. The
public is invited to submit comments on
these requests.
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
SUMMARY:
VerDate Sep<11>2014
18:55 Dec 18, 2024
Jkt 265001
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.
PO 00000
Frm 00167
Fmt 4703
Sfmt 4703
SUPPLEMENTARY INFORMATION:
Internal Revenue Service (IRS)
1. Title: Simplified Employee
Pension—Individual Retirement
Accounts Contribution Agreement.
OMB Number: 1545–0499.
Document Number: 5305–SEP.
Abstract: Form 5305–SEP is used by
an employer to make an agreement to
provide benefits to all employees under
a Simplified Employee Pension (SEP)
described in Internal Revenue Code
section 408(k). This form is not to be
filed with the IRS but is to be retained
in the employer’s records as proof of
establishing a SEP and justifying a
deduction for contributions to the SEP.
Current Actions: There are no changes
to the burden previously approved by
OMB. This request is to extend the
current approval for another 3 years.
Type of Review: Extension of a
currently approved collection.
Affected Public: Business and other
for-profit organizations.
E:\FR\FM\19DEN1.SGM
19DEN1
lotter on DSK11XQN23PROD with NOTICES1
Federal Register / Vol. 89, No. 244 / Thursday, December 19, 2024 / Notices
Estimated Number of Respondents:
100,000.
Estimated Time per Respondent: 4
hrs., 57 min.
Estimated Total Annual Burden
Hours: 495,000.
2. Title: Internal Revenue Service
Advisory Council Membership
Application.
OMB Number: 1545–1791.
Form Number: 12339.
Abstract: The Federal Advisory
Committee Act (FACA) requires that
committee membership be balanced in
terms of points of view represented and
the functions to be performed. As a
result, members of specific committees
often have both the expertise and
professional skills that parallel the
program responsibilities of their
sponsoring agencies. Selection of
committee members is based on the
FACA’s requirements and the potential
member’s background and
qualifications. Therefore, an application
is needed to ascertain the desired skills
set for membership. The IRS will also
use the information to perform Federal
income tax, background, and
practitioner checks as required of all
members and applicants to the
Committee or Council. Information
provided will be used to qualify or
disqualify individuals to serve as
members.
Current Actions: Minor changes were
made to form 12239 that included in
part 1—there are now 6 check boxes
instead of 5, and Part V—a check box
has been added. Changes to the burden
estimates are due to the most current
filing data.
Type of Review: Extension of a
currently approved collection.
Affected Public: Individuals or
households.
Estimated Number of Respondents:
100.
Estimated Time per Response: 1 hr. 30
min.
Estimated Total Annual Burden
Hours: 150.
3. Title: Consumer Cooperative
Exemption Application.
OMB Number: 1545–1941.
Form Number: 3491.
Abstract: A cooperative uses Form
3491 to apply for exemption from filing
Form 1099–PATR, Taxable Distributions
received from Cooperatives. Form 1099–
PATR is used to report patronage
distributions of $10 or more to a
recipient during the calendar year.
Current Actions: There is no change to
the paperwork burden previously
approved by OMB.
Type of Review: Extension of a
currently approved collection.
VerDate Sep<11>2014
18:08 Dec 18, 2024
Jkt 265001
Affected Public: Business or other forprofit, individuals or households, and
farms.
Estimated Number of Respondents:
200.
Estimated Time per Response: 44 min.
Estimated Total Annual Burden
Hours: 148 hours.
4. Title: Employee Retention Credit
for Employers Affected by Qualified
Disaster.
OMB Number: 1545–1978.
Form Number: Form 5884–A.
Abstract: Form 5884–A is used to
figure certain credits for disaster area
employers. These credits typically
include employee retention credits for
eligible employers who conducted an
active trade or business in certain
disaster areas. The credit is equal to 40
percent of qualified wages for each
eligible employee (up to a maximum of
$6,000 in qualified wages per
employee). The estimates in this notice
are for estates and trusts filing Form
5884–A.
Current Actions: There is no change to
the burden previously approved by
OMB. However, the estimated number
of responses was reduced to eliminate
duplication of burden estimates. The
estimated burden for individuals filing
Form 5884–A is approved under OMB
control number 1545–0074, and the
estimated burden for businesses filing
Form 5884–A is approved under OMB
control number 1545–0123.
Type of Review: Extension of a
currently approved collection.
Affected Public: Business or other forprofit organizations, and farms.
Estimated Number of Respondents:
120.
Estimated Time per Respondent: 2.55
hours.
Estimated Total Annual Burden
Hours: 306.
Authority: 44 U.S.C. 3501 et seq.
Melody Braswell,
Treasury PRA Clearance Officer.
[FR Doc. 2024–30254 Filed 12–18–24; 8:45 am]
BILLING CODE 4830–01–P
DEPARTMENT OF THE TREASURY
Proposed Collection; Comment
Request for Forms 1065, 1066, 1120,
1120–C, 1120–F, 1120–H, 1120–ND,
1120–S,1120–SF,1120–FSC,1120–
L,1120–PC,1120–REIT,1120–RIC,1120–
POL, and Related Attachments
Departmental Offices, U.S.
Department of the Treasury.
ACTION: Notice.
AGENCY:
The Internal Revenue Service,
as part of its continuing effort to reduce
SUMMARY:
PO 00000
Frm 00168
Fmt 4703
Sfmt 4703
103931
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
(PRA). The IRS is soliciting comments
on forms used by business entity
taxpayers.
Comments should be received on
or before January 21, 2025 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 PRA@treasury.gov, calling
(202) 622–1035, or viewing the entire
information collection request at
www.reginfo.gov.
DATES:
SUPPLEMENTARY INFORMATION:
Internal Revenue Service (IRS)
Title: U.S. Business Income Tax
Return.
OMB Number: 1545–0123.
Form Numbers: Forms 1065, 1066,
1120, 1120–C, 1120–F, 1120–H, 1120–
ND, 1120–S, 1120–SF, 1120–FSC, 1120–
L, 1120–PC, 1120–REIT, 1120–RIC,
1120–POL and all attachments to these
forms.
Abstract: These forms are used by
businesses to report their income tax
liability.
Current Actions: There have 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 This approval package is being
submitted for renewal purposes.
Type of Review: Revision of a
currently approved collection.
Affected Public: Corporations,
Partnerships and Pass-Through Entities.
Estimated Number of Respondents:
13,900,000.
Estimated Time per Respondent
(Hours): 67 hours, 25 minutes.
Estimated Total Annual Time (Hours):
935,100,000.
Estimated Total Annual Monetized
Time ($): 56,152,000,000.
Estimated Total Out-of-Pocket Costs
($): 71,617,000,000.
E:\FR\FM\19DEN1.SGM
19DEN1
]]>Agencies
[Federal Register Volume 89, Number 244 (Thursday, December 19, 2024)]
[Notices]
[Pages 103930-103931]
From the Federal Register Online via the Government Publishing Office [www.gpo.gov]
[FR Doc No: 2024-30254]
-----------------------------------------------------------------------
DEPARTMENT OF THE TREASURY
Agency Information Collection Activities; Submission for OMB
Review; Comment Request; Multiple Internal Revenue Service (IRS)
Information Collection Requests
AGENCY: Departmental Offices, U.S. Department of the Treasury.
ACTION: Notice.
-----------------------------------------------------------------------
SUMMARY: 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.
DATES: Comments should be received on or before January 21, 2025 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)
1. Title: Simplified Employee Pension--Individual Retirement
Accounts Contribution Agreement.
OMB Number: 1545-0499.
Document Number: 5305-SEP.
Abstract: Form 5305-SEP is used by an employer to make an agreement
to provide benefits to all employees under a Simplified Employee
Pension (SEP) described in Internal Revenue Code section 408(k). This
form is not to be filed with the IRS but is to be retained in the
employer's records as proof of establishing a SEP and justifying a
deduction for contributions to the SEP.
Current Actions: There are no changes to the burden previously
approved by OMB. This request is to extend the current approval for
another 3 years.
Type of Review: Extension of a currently approved collection.
Affected Public: Business and other for-profit organizations.
[[Page 103931]]
Estimated Number of Respondents: 100,000.
Estimated Time per Respondent: 4 hrs., 57 min.
Estimated Total Annual Burden Hours: 495,000.
2. Title: Internal Revenue Service Advisory Council Membership
Application.
OMB Number: 1545-1791.
Form Number: 12339.
Abstract: The Federal Advisory Committee Act (FACA) requires that
committee membership be balanced in terms of points of view represented
and the functions to be performed. As a result, members of specific
committees often have both the expertise and professional skills that
parallel the program responsibilities of their sponsoring agencies.
Selection of committee members is based on the FACA's requirements and
the potential member's background and qualifications. Therefore, an
application is needed to ascertain the desired skills set for
membership. The IRS will also use the information to perform Federal
income tax, background, and practitioner checks as required of all
members and applicants to the Committee or Council. Information
provided will be used to qualify or disqualify individuals to serve as
members.
Current Actions: Minor changes were made to form 12239 that
included in part 1--there are now 6 check boxes instead of 5, and Part
V--a check box has been added. Changes to the burden estimates are due
to the most current filing data.
Type of Review: Extension of a currently approved collection.
Affected Public: Individuals or households.
Estimated Number of Respondents: 100.
Estimated Time per Response: 1 hr. 30 min.
Estimated Total Annual Burden Hours: 150.
3. Title: Consumer Cooperative Exemption Application.
OMB Number: 1545-1941.
Form Number: 3491.
Abstract: A cooperative uses Form 3491 to apply for exemption from
filing Form 1099-PATR, Taxable Distributions received from
Cooperatives. Form 1099-PATR is used to report patronage distributions
of $10 or more to a recipient during the calendar year.
Current Actions: There is no change to the paperwork burden
previously approved by OMB.
Type of Review: Extension of a currently approved collection.
Affected Public: Business or other for-profit, individuals or
households, and farms.
Estimated Number of Respondents: 200.
Estimated Time per Response: 44 min.
Estimated Total Annual Burden Hours: 148 hours.
4. Title: Employee Retention Credit for Employers Affected by
Qualified Disaster.
OMB Number: 1545-1978.
Form Number: Form 5884-A.
Abstract: Form 5884-A is used to figure certain credits for
disaster area employers. These credits typically include employee
retention credits for eligible employers who conducted an active trade
or business in certain disaster areas. The credit is equal to 40
percent of qualified wages for each eligible employee (up to a maximum
of $6,000 in qualified wages per employee). The estimates in this
notice are for estates and trusts filing Form 5884-A.
Current Actions: There is no change to the burden previously
approved by OMB. However, the estimated number of responses was reduced
to eliminate duplication of burden estimates. The estimated burden for
individuals filing Form 5884-A is approved under OMB control number
1545-0074, and the estimated burden for businesses filing Form 5884-A
is approved under OMB control number 1545-0123.
Type of Review: Extension of a currently approved collection.
Affected Public: Business or other for-profit organizations, and
farms.
Estimated Number of Respondents: 120.
Estimated Time per Respondent: 2.55 hours.
Estimated Total Annual Burden Hours: 306.
Authority: 44 U.S.C. 3501 et seq.
Melody Braswell,
Treasury PRA Clearance Officer.
[FR Doc. 2024-30254 Filed 12-18-24; 8:45 am]
BILLING CODE 4830-01-P
