Proposed Collection; Comment Request for Form 1099-A
| Published date | 21 January 2021 |
| Record Number | 2021-01169 |
| Section | Notices |
| Court | Internal Revenue Service |
6417
Federal Register / Vol. 86, No. 12 / Thursday, January 21, 2021 / Notices
use to be exempt from tax under section
4082(a), it must be indelibly dyed by
use of a mechanical dye injection
system that satisfies the requirements in
the regulations. These regulations affect
certain enterers, refiners, terminal
operators, and throughputters.
Current Actions: There is no changes
in the paperwork burden previously
approved by OMB.
Type of Review: Extension of a
currently approved collection.
Affected Public: Business or other for-
profit organizations.
Estimated Number of Respondents:
200.
Estimated Time per Response: 7 hrs.
Estimated Total Burden Hours: 1,400.
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: January 13, 2021.
Sara L. Covington,
IRS Tax Analyst.
[FR Doc. 2021–01168 Filed 1–19–21; 8:45 am]
BILLING CODE 4830–01–P
DEPARTMENT OF THE TREASURY
Internal Revenue Service
Proposed Collection; Comment
Request for Form 1099–A
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 information collections, as required
by the Paperwork Reduction Act of
1995. The IRS is soliciting comments
concerning Form 1099–A, Acquisition
or Abandonment of Secured Property.
DATES
: Written comments should be
received on or before March 22, 2021 to
be assured of consideration.
ADDRESSES
: Direct all written comments
to Kinna Brewington, Internal Revenue
Service, Room 6526, 1111 Constitution
Avenue NW, Washington, DC 20224.
Requests for additional information or
copies of the forms and instructions
should be directed to Sara Covington, at
(737) 800–6149, Internal Revenue
Service, Room 6526, 1111 Constitution
Avenue NW, Washington, DC 20224, or
through the internet at
Sara.L.Covington@irs.gov.
SUPPLEMENTARY INFORMATION
:
Title: Acquisition or Abandonment of
Secured Property.
OMB Number: 1545–0877.
Form Number: 1099–A.
Abstract: Form 1099–A is used by
persons who lend money in connection
with a trade or business, and who
acquire an interest in the property that
is security for the loan or who have
reason to know that the property has
been abandoned, to report the
acquisition or abandonment.
Current Actions: There are no changes
being made to the form approved under
this collection. However, changes to the
estimated number of filers (563,000 to
466,000), will result in a total burden
decrease of 15520 (90080 minus 74560).
Type of Review: Revision of a current
OMB approval.
Affected Public: Businesses or other
for-profit organizations.
Estimated Number of Responses:
466,000.
Estimated Time per Response: 9 min.
Estimated Total Annual Burden
Hours: 74,560.
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: January 13, 2021.
Sara L. Covington,
IRS Tax Analyst.
[FR Doc. 2021–01169 Filed 1–19–21; 8:45 am]
BILLING CODE P
DEPARTMENT OF THE TREASURY
Multiemployer Pension Plan
Application To Reduce Benefits
AGENCY
: Department of the Treasury.
ACTION
: Notice of availability; Request
for comments.
SUMMARY
: The Board of Trustees of the
American Federation of Musicians &
Employers Pension Fund, a
multiemployer pension plan, has
submitted an application to reduce
benefits under the plan in accordance
with the Multiemployer Pension Reform
Act of 2014 (MPRA). The purpose of
this notice is to announce that the
application submitted by the Board of
Trustees of the American Federation of
Musicians & Employers Pension Fund
has been published on the website of
the Department of the Treasury
(Treasury), and to request public
comments on the application from
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