Proposed Collection; Comment Request for Form 14242 and 14242(SP)

• Published date: 29 November 2019
• Citation: 84 FR 65898
• Record Number: 2019-25883
• Section: Notices
• Court: Internal Revenue Service,Treasury Department

Federal Register, Volume 84 Issue 230 (Friday, November 29, 2019)

[Federal Register Volume 84, Number 230 (Friday, November 29, 2019)]
                [Notices]
                [Page 65898]
                From the Federal Register Online via the Government Publishing Office [www.gpo.gov]
                [FR Doc No: 2019-25883]
                -----------------------------------------------------------------------
                DEPARTMENT OF THE TREASURY
                Internal Revenue Service
                Proposed Collection; Comment Request for Form 14242 and 14242(SP)
                AGENCY: Internal Revenue Service (IRS), Treasury.
                ACTION: Notice and request for comments.
                -----------------------------------------------------------------------
                SUMMARY: The Internal Revenue Service (IRS), 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 information collections, as required by the Paperwork Reduction Act
                of 1995. The IRS is soliciting comments concerning Form 14242,
                Reporting Abusive Tax Promotions or Preparers, and Form 14242(SP),
                Informe las Presuntas Promociones de Planes Abusivos Tributarios o de
                Preparadores.
                DATES: Written comments should be received on or before January 28,
                2020 to be assured of consideration.
                ADDRESSES: Direct all written comments to Dr. Philippe Thomas, Internal
                Revenue Service, Room 6526, 1111 Constitution Avenue NW, Washington, DC
                20224.
                FOR FURTHER INFORMATION CONTACT: Requests for additional information or
                copies of the form and instructions should be directed to Martha R.
                Brinson, at (202) 317-5753, or at Internal Revenue Service, Room 6526,
                1111 Constitution Avenue NW, Washington, DC 20224, or through the
                internet at [email protected].
                SUPPLEMENTARY INFORMATION:
                 Title: Reporting Abusive Tax Promotions or Preparers.
                 OMB Number: 1545-2219.
                 Form Number: Form 14242 and Form 14242(SP).
                 Abstract: Form 14242 and Form 14242(SP) are used to document the
                information necessary to report an abusive tax avoidance scheme. Form
                14242 (SP) is the Spanish version of Form 14242. Respondents can be
                individuals, businesses and tax return preparers.
                 Current Actions: There are no changes being made to the forms at
                this time.
                 Type of Review: Extension of a currently approved collection.
                 Affected Public: Individuals or Households, Farms, Businesses and
                other for-profit or not-for-profit organizations.
                 Estimated Number of Respondents: 460.
                 Estimated Time per Respondent: 10 minutes.
                 Estimated Total Annual Burden Hours: 77 hours.
                 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: November 25, 2019.
                Philippe Thomas,
                Supervisory Tax Analyst.
                [FR Doc. 2019-25883 Filed 11-27-19; 8:45 am]
                 BILLING CODE 4830-01-P