Proposed Collection; Requesting Comments on Form 1127
| Published date | 14 October 2021 |
| Citation | 86 FR 57267 |
| Record Number | 2021-22309 |
| Section | Notices |
| Court | Internal Revenue Service,Treasury Department |
Federal Register, Volume 86 Issue 196 (Thursday, October 14, 2021)
[Federal Register Volume 86, Number 196 (Thursday, October 14, 2021)]
[Notices]
[Pages 57267-57268]
From the Federal Register Online via the Government Publishing Office [www.gpo.gov]
[FR Doc No: 2021-22309]
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DEPARTMENT OF THE TREASURY
Internal Revenue Service
Proposed Collection; Requesting Comments on Form 1127
AGENCY: Internal Revenue Service (IRS), Treasury.
ACTION: Notice and request for comments.
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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 1127, Application for Extension of Time for Payment of
Tax Due to Undue Hardship.
DATES: Written comments should be received on or before December 13,
2021 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. You must reference the information collection's title, form
number, reporting or record-keeping requirement number, and OMB number
in your comment.
FOR FURTHER INFORMATION CONTACT: Requests for additional information or
copies of the form and instructions should be directed to Jon Callahan,
(737) 800-7639, 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: Application for Extension of Time for Payment of Tax Due to
Undue Hardship.
OMB Number: 1545-2131.
Form Number: Form 1127.
Abstract: Internal Revenue Code section 6161 allows individual and
business taxpayers to request an extension of time for payment of tax
shown or required to be shown on a return or for a tax due on a notice
of
[[Page 57268]]
deficiency. Form 1127 must be filed with supporting documentation to
approve an extension, providing evidence the taxpayer would sustain a
substantial financial loss if forced to pay the tax or deficiency on
the due date.
Current Actions: There is no change to the existing collection.
Type of Review: Extension of a currently approved collection.
Affected Public: Individuals or households, Business or other for-
profit organizations.
Estimated Number of Responses: 1,000.
Estimated Time per Respondent: 7 hours, 26 minutes.
Estimated Total Annual Burden Hours: 7,470.
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: October 7, 2021.
Jon R. Callahan,
Tax Analyst.
[FR Doc. 2021-22309 Filed 10-13-21; 8:45 am]
BILLING CODE 4830-01-P
