80 FR 45016 - Proposed Collection; Comment Request for Revenue Procedure 97-22

DEPARTMENT OF THE TREASURY
Internal Revenue Service

Federal Register Volume 80, Issue 144 (July 28, 2015)

Page Range		45016-45017
FR Document		2015-18512

The Department of the Treasury, 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, Public Law 104-13 (44 U.S.C. 3506(c)(2)(A)). Currently, the IRS is soliciting comments concerning Revenue Procedure 97-22, Examination of returns and claims for refund, credits or abatement; determination of correct tax liability.

Federal Register, Volume 80 Issue 144 (Tuesday, July 28, 2015)

[Federal Register Volume 80, Number 144 (Tuesday, July 28, 2015)]
[Notices]
[Pages 45016-45017]
From the Federal Register Online  [www.thefederalregister.org]
[FR Doc No: 2015-18512]


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DEPARTMENT OF THE TREASURY

Internal Revenue Service


Proposed Collection; Comment Request for Revenue Procedure 97-22

AGENCY: Internal Revenue Service (IRS), Treasury.

ACTION: Notice and request for comments.

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SUMMARY: The Department of the Treasury, 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, Public Law 104-13 (44 U.S.C. 
3506(c)(2)(A)). Currently, the IRS is soliciting comments concerning 
Revenue Procedure 97-22, Examination of returns and claims for refund, 
credits or abatement; determination of correct tax liability.

DATES: Written comments should be received on or before September 28, 
2015 to be assured of consideration.

ADDRESSES: Direct all written comments to Christie A. Preston, Internal 
Revenue Service, Room 6129, 1111 Constitution Avenue NW., Washington, 
DC 20224.

FOR FURTHER INFORMATION CONTACT: Requests for additional information or 
copies of the revenue procedure should be directed to Martha R. 
Brinson, Internal Revenue Service, Room 6129, 1111 Constitution Avenue 
NW., Washington, DC 20224, or through the Internet at 
[email protected].

SUPPLEMENTARY INFORMATION: 
    Title: Examination of returns and claims for refund, credits or 
abatement; determination of correct tax liability.
    OMB Number: 1545-1533.
    Revenue Procedure Number: Revenue Procedure 97-22.
    Abstract: This revenue procedure provides guidance to taxpayers who 
maintain books and records by using an electronic storage system that 
either images their paper books and records or transfers their 
computerized books and records to an electronic storage media, such as 
an optical disk. The information requested in the revenue procedure is 
required to ensure that records maintained in an electronic storage 
system will constitute records within the meaning of Internal Revenue 
Code section 6001.
    Current Actions: There are no changes being made to this revenue 
procedure at this time.
    Type of Review: Extension of a currently approved collection.
    Affected Public: Individuals or households, business or other for-
profit organizations, not-for-profit institutions, farms, Federal 
Government, and state, local or tribal governments.
    Estimated Number of Respondents: 50,000.
    Estimated Time per Respondent: 20 hours, 1 minute.
    Estimated Total Annual Burden Hours: 1,000,400.
    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

[[Page 45017]]

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: July 9, 2015.
Christie A. Preston,
IRS Reports Clearance Officer.
[FR Doc. 2015-18512 Filed 7-27-15; 8:45 am]
BILLING CODE 4830-01-P

45016 Federal Register / Vol. 80, No. 144 / Tuesday, July 28, 2015 / Notices

Paperwork Reduction Act of 1995, Estimated Average Annual Reporting collections, as required by the
Public Law 104–13 (44 U.S.C. Burden per Respondent: 8 hours. Paperwork Reduction Act of 1995,
3506(c)(2)(A)). Currently, the IRS is Estimated Number of Respondents: Public Law 104–13 (44 U.S.C.
soliciting comments concerning 7,264,970. 3506(c)(2)(A)). Currently, the IRS is
qualified transportation fringe benefits. The following paragraph applies to all soliciting comments concerning
DATES: Written comments should be of the collections of information covered Revenue Procedure 97–22, Examination
received on or before September 28, by this notice: of returns and claims for refund, credits
2015 to be assured of consideration. An agency may not conduct or or abatement; determination of correct
sponsor, and a person is not required to tax liability.
ADDRESSES: Direct all written comments
respond to, a collection of information DATES: Written comments should be
to Christie Preston, Internal Revenue
unless the collection of information received on or before September 28,
Service, Room 6129, 1111 Constitution
displays a valid OMB control number. 2015 to be assured of consideration.
Avenue NW., Washington, DC 20224.
Books or records relating to a collection
FOR FURTHER INFORMATION CONTACT: ADDRESSES: Direct all written comments
of information must be retained as long
Requests for additional information or to Christie A. Preston, Internal Revenue
as their contents may become material
copies of the regulations should be Service, Room 6129, 1111 Constitution
in the administration of any internal
directed to Kerry Dennis at Internal Avenue NW., Washington, DC 20224.
revenue law. Generally, tax returns and
Revenue Service, Room 6129, 1111 tax return information are confidential, FOR FURTHER INFORMATION CONTACT:
Constitution Avenue NW., Washington, as required by 26 U.S.C. 6103. Requests for additional information or
DC 20224, or through the Internet at Request for Comments: Comments copies of the revenue procedure should
Kerry.Dennis@irs.gov. submitted in response to this notice will be directed to Martha R. Brinson,
SUPPLEMENTARY INFORMATION: be summarized and/or included in the Internal Revenue Service, Room 6129,
Title: Qualified Transportation Fringe request for OMB approval. All 1111 Constitution Avenue NW.,
Benefits. comments will become a matter of Washington, DC 20224, or through the
OMB Number: 1545–1676. public record. Comments are invited on: Internet at Martha.R.Brinson@irs.gov.
Regulation Project Number: REG– (a) Whether the collection of SUPPLEMENTARY INFORMATION:
113572–99. information is necessary for the proper Title: Examination of returns and
Abstract: These regulations provide performance of the functions of the claims for refund, credits or abatement;
guidance to employers that provide agency, including whether the determination of correct tax liability.
qualified transportation fringe benefits information shall have practical utility; OMB Number: 1545–1533.
under section 132(f), including guidance (b) the accuracy of the agency’s estimate Revenue Procedure Number: Revenue
to employers that provide cash of the burden of the collection of Procedure 97–22.
reimbursement for qualified information; (c) ways to enhance the Abstract: This revenue procedure
transportation fringes and employers quality, utility, and clarity of the provides guidance to taxpayers who
that offer qualified transportation information to be collected; (d) ways to maintain books and records by using an
fringes in lieu of compensation. minimize the burden of the collection of electronic storage system that either
Employers that provide cash information on respondents, including images their paper books and records or
reimbursement are required to keep through the use of automated collection transfers their computerized books and
records of documentation received from techniques or other forms of information records to an electronic storage media,
employees who receive reimbursement. technology; and (e) estimates of capital such as an optical disk. The information
Employers that offer qualified or start-up costs and costs of operation, requested in the revenue procedure is
transportation fringes in lieu of maintenance, and purchase of services required to ensure that records
compensation are required to keep to provide information. maintained in an electronic storage
records of employee compensation system will constitute records within
Approved: July 10, 2015.
reduction elections. the meaning of Internal Revenue Code
Current Actions: There is no change to Christie Preston, section 6001.
this existing regulation. IRS Reports Clearance Officer. Current Actions: There are no changes
Type of Review: Extension of a [FR Doc. 2015–18522 Filed 7–27–15; 8:45 am] being made to this revenue procedure at
currently approved collection. BILLING CODE 4830–01–P this time.
Affected Public: Business or other for- Type of Review: Extension of a
profit organizations, individual or currently approved collection.
households, and not-for-profit DEPARTMENT OF THE TREASURY Affected Public: Individuals or
institutions. households, business or other for-profit
The burden is reflected in the burden Internal Revenue Service organizations, not-for-profit institutions,
for Form W–2. farms, Federal Government, and state,
Proposed Collection; Comment
Estimated Total Annual local or tribal governments.
Request for Revenue Procedure 97–22
Recordkeeping Burden: 7,020,000. Estimated Number of Respondents:
Estimated Average Annual AGENCY: Internal Revenue Service (IRS), 50,000.
Recordkeeping Burden per Treasury. Estimated Time per Respondent: 20
Recordkeeper: The average annual ACTION: Notice and request for hours, 1 minute.
Estimated Total Annual Burden
asabaliauskas on DSK5VPTVN1PROD with NOTICES

recordkeeping burden will vary comments.
depending on the size of the employer. Hours: 1,000,400.
Estimated Average Annual SUMMARY: The Department of the The following paragraph applies to all
Recordkeeping Burden per Treasury, as part of its continuing effort of the collections of information covered
Recordkeeper: 26.5 hours. to reduce paperwork and respondent by this notice:
Estimated Number of Recordkeepers: burden, invites the general public and An agency may not conduct or
265,343. other Federal agencies to take this sponsor, and a person is not required to
Estimated Total Annual Reporting opportunity to comment on proposed respond to, a collection of information
Burden: 5,948,728 hours. and/or continuing information unless the collection of information

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Federal Register / Vol. 80, No. 144 / Tuesday, July 28, 2015 / Notices 45017

displays a valid OMB control number. ADDRESSES: Direct all written comments through the use of automated collection
Books or records relating to a collection to Christie Preston, Internal Revenue techniques or other forms of information
of information must be retained as long Service, Room 6129, 1111 Constitution technology; and (e) estimates of capital
as their contents may become material Avenue NW., Washington, DC 20224. or start-up costs and costs of operation,
in the administration of any internal FOR FURTHER INFORMATION CONTACT: maintenance, and purchase of services
revenue law. Generally, tax returns and Requests for additional information or to provide information.
tax return information are confidential, copies of the regulation should be Approved: July 14, 2015.
as required by 26 U.S.C. 6103. directed to Kerry Dennis, at Internal Christie Preston,
Request for Comments: Comments Revenue Service, Room 6129, 1111 IRS Reports Clearance Officer.
submitted in response to this notice will Constitution Avenue NW., Washington, [FR Doc. 2015–18514 Filed 7–27–15; 8:45 am]
be summarized and/or included in the DC 20224, or through the Internet, at
BILLING CODE 4830–01–P
request for OMB approval. All Kerry.Dennis@irs.gov.
comments will become a matter of SUPPLEMENTARY INFORMATION:
public record. Comments are invited on: Title: Excise Tax Relating to DEPARTMENT OF THE TREASURY
(a) Whether the collection of Structured Settlement Factoring
information is necessary for the proper Transactions. Internal Revenue Service
performance of the functions of the OMB Number: 1545–1824.
agency, including whether the Regulation Project Number: REG– Proposed Collection; Comment
information shall have practical utility; 139768–02. Request for Form 8832
(b) the accuracy of the agency’s estimate Abstract: The regulations provide
of the burden of the collection of AGENCY: Internal Revenue Service (IRS),
rules relating to the manner and method Treasury.
information; (c) ways to enhance the of reporting and paying the 40 percent
quality, utility, and clarity of the ACTION: Notice and request for
excise tax imposed by section 5891 of
information to be collected; (d) ways to the Internal Revenue Code with respect comments.
minimize the burden of the collection of to acquiring of structured payment SUMMARY: The Department of the
information on respondents, including rights. Treasury, as part of its continuing effort
through the use of automated collection Current Actions: There is no change to to reduce paperwork and respondent
techniques or other forms of information this existing regulation. burden, invites the general public and
technology; and (e) estimates of capital Type of Review: Extension of a other Federal agencies to take this
or start-up costs and costs of operation, currently approved collection. opportunity to comment on proposed
maintenance, and purchase of services Affected Public: Business or other for- and/or continuing information
to provide information. profit organizations, individuals or collections, as required by the
Approved: July 9, 2015. households. Paperwork Reduction Act of 1995,
Christie A. Preston, Estimated Number of Respondents: 4. Public Law 104–13 (44 U.S.C.
IRS Reports Clearance Officer. Estimated Time per Respondent: 30 3506(c)(2)(A)). Currently, the IRS is
[FR Doc. 2015–18512 Filed 7–27–15; 8:45 am]
min. soliciting comments concerning Form
Estimated Total Annual Burden 8832, Entity Classification Election.
BILLING CODE 4830–01–P
Hours: 2.
DATES: Written comments should be
An agency may not conduct or
sponsor, and a person is not required to received on or before September 28,
DEPARTMENT OF THE TREASURY 2015 to be assured of consideration.
respond to, a collection of information
unless the collection of information ADDRESSES: Direct all written comments
Internal Revenue Service
displays a valid OMB control number. to Christie Preston, Internal Revenue
Proposed Collection: Comment Books or records relating to a collection Service, Room 6129, 1111 Constitution
Request for Regulation Project of information must be retained as long Avenue NW., Washington, DC 20224.
as their contents may become material FOR FURTHER INFORMATION CONTACT:
AGENCY: Internal Revenue Service (IRS), in the administration of any internal Requests for additional information or
Treasury. revenue law. Generally, tax returns and copies of the form and instructions
ACTION: Notice and request for tax return information are confidential, should be directed to Kerry Dennis, at
comments. as required by 26 U.S.C. 6103. Internal Revenue Service, Room 6129,
Request for Comments: Comments 1111 Constitution Avenue NW.,
SUMMARY: The Department of the submitted in response to this notice will Washington, DC 20224, or through the
Treasury, as part of its continuing effort be summarized and/or included in the Internet at Kerry.Dennis@irs.gov.
to reduce paperwork and respondent request for OMB approval. All SUPPLEMENTARY INFORMATION:
burden, invites the general public and comments will become a matter of Title: Entity Classification Election.
other Federal agencies to take this public record. Comments are invited on: OMB Number: 1545–1516.
opportunity to comment on proposed (a) Whether the collection of Form Number: Form 8832.
and/or continuing information information is necessary for the proper Abstract: An eligible entity that
collections, as required by the performance of the functions of the chooses not to be classified under the
Paperwork Reduction Act of 1995, agency, including whether the default rules or that wishes to change its
asabaliauskas on DSK5VPTVN1PROD with NOTICES

Public Law 104–13 (44 U.S.C. information shall have practical utility; current classification must file Form
3506(c)(2)(A)). Currently, the IRS is (b) the accuracy of the agency’s estimate 8832 to elect a classification.
soliciting comments regarding excise tax of the burden of the collection of Current Actions: There are no changes
relating to structured settlement information; (c) ways to enhance the being made to the form at this time.
factoring transactions. quality, utility, and clarity of the Type of Review: Extension of a
DATES: Written comments should be information to be collected; (d) ways to currently approved collection.
received on or before September 28, minimize the burden of the collection of Affected Public: Businesses and other
2015 to be assured of consideration. information on respondents, including for-profit organizations, Farms.

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Document Created: 2018-02-23 09:28:45
Document Modified: 2018-02-23 09:28:45

Category		Regulatory Information
Collection		Federal Register
sudoc Class		AE 2.7: GS 4.107: AE 2.106:
Publisher		Office of the Federal Register, National Archives and Records Administration
Section		Notices
Action		Notice and request for comments.
Dates		Written comments should be received on or before September 28, 2015 to be assured of consideration.
Contact		Requests for additional information or copies of the revenue procedure should be directed to Martha R. Brinson, Internal Revenue Service, Room 6129, 1111 Constitution Avenue NW., Washington, DC 20224, or through the Internet at [email protected]
FR Citation		80 FR 45016

80 FR 45016 - Proposed Collection; Comment Request for Revenue Procedure 97-22

DEPARTMENT OF THE TREASURYInternal Revenue Service

Federal Register Volume 80, Issue 144 (July 28, 2015)

DEPARTMENT OF THE TREASURY
Internal Revenue Service