Proposed Extension of Information Collection Request Submitted for Public Comment; Comment Request Relating to Electronic Payee Statements

Citation84 FR 49180
Record Number2019-20167
Published date18 September 2019
SectionNotices
CourtInternal Revenue Service,Treasury Department
Federal Register, Volume 84 Issue 181 (Wednesday, September 18, 2019)
[Federal Register Volume 84, Number 181 (Wednesday, September 18, 2019)]
                [Notices]
                [Page 49180]
                From the Federal Register Online via the Government Publishing Office [www.gpo.gov]
                [FR Doc No: 2019-20167]
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                DEPARTMENT OF THE TREASURY
                Internal Revenue Service
                Proposed Extension of Information Collection Request Submitted
                for Public Comment; Comment Request Relating to Electronic Payee
                Statements
                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 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. Currently, the IRS is soliciting comments
                concerning the requirements relating to electronic payee statements.
                DATES: Written comments should be received on or before November 18,
                2019 to be assured of consideration.
                ADDRESSES: Direct all written comments to Laurie Brimmer, Internal
                Revenue Service, Room 6129, 1111 Constitution Avenue NW, Washington, DC
                20224. Requests for additional information or copies of the regulations
                should be directed to R. Joseph Durbala, at Internal Revenue Service,
                Room 6129, 1111 Constitution Avenue NW, Washington, DC 20224, or
                through the internet, at [email protected].
                SUPPLEMENTARY INFORMATION:
                 Title: Electronic Payee Statements.
                 OMB Number: 1545-1729.
                 Regulatory Number: TD 9114.
                 Abstract: This collect contains final regulations, TD 9114
                (published February 18, 2004 [69 FR 7567]), relating to the voluntary
                electronic furnishing of statements on Forms W-2, ``Wage and Tax
                Statement,'' under sections 6041 and 6051, and statements on Forms
                1098-T, ``Tuition Statement,'' and Forms 1098-E, ``Student Loan
                Interest Statement,'' under section 6050S. These final regulations
                affect businesses, other for-profit institutions, and eligible
                educational institutions that wish to furnish these required statements
                electronically. The regulations will also affect individuals
                (recipients), principally employees, students, and borrowers, who
                consent to receive these statements electronically.
                 Current Actions: There is no change to the burden previously
                approved by OMB. This form is being submitted for renewal purposes
                only.
                 Type of Review: Extension of a currently approved collection.
                 Affected Public: Business or other for-profit organizations.
                 Estimated Number of Respondents: 15,200.
                 Estimated Time per Respondent: 6 mins.
                 Estimated Total Annual Burden Hours: 2,844,950.
                 The following paragraph applies to all 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 if 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.
                 Desired Focus of Comments: The Internal Revenue Service (IRS) is
                particularly interested in comments that:
                 Evaluate whether the proposed collection of information is
                necessary for the proper performance of the functions of the agency,
                including whether the information will have practical utility;
                 Evaluate the accuracy of the agency's estimate of the
                burden of the proposed collection of information, including the
                validity of the methodology and assumptions used;
                 Enhance the quality, utility, and clarity of the
                information to be collected; and
                 Minimize the burden of the collection of information on
                those who are to respond, including using appropriate automated,
                electronic, mechanical, or other technological collection techniques or
                other forms of information technology, e.g., by permitting electronic
                submissions of responses.
                 Comments submitted in response to this notice will be summarized
                and/or included in the ICR for OMB approval of the extension of the
                information collection; they will also become a matter of public
                record.
                 Approved: September 9, 2019.
                R. Joseph Durbala,
                IRS Tax Analyst.
                [FR Doc. 2019-20167 Filed 9-17-19; 8:45 am]
                BILLING CODE 4830-01-P
                

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