81 FR 23551 - Proposed Collection; Comment Request for Form 14420

DEPARTMENT OF THE TREASURY
Internal Revenue Service

Federal Register Volume 81, Issue 77 (April 21, 2016)

Page Range		23551-23552
FR Document		2016-09295

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 Form 14420, Verification of Reported Income.

Federal Register, Volume 81 Issue 77 (Thursday, April 21, 2016)

[Federal Register Volume 81, Number 77 (Thursday, April 21, 2016)]
[Notices]
[Pages 23551-23552]
From the Federal Register Online  [www.thefederalregister.org]
[FR Doc No: 2016-09295]


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DEPARTMENT OF THE TREASURY

Internal Revenue Service


Proposed Collection; Comment Request for Form 14420

AGENCY: Internal Revenue Service (IRS), Treasury.

ACTION: Notice and request for comments.

-----------------------------------------------------------------------

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 
Form 14420, Verification of Reported Income.

DATES: Written comments should be received on or before June 20, 2016 
to be assured of consideration.

ADDRESSES: Direct all written comments to Tuawana Pinkston, 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, Internal Revenue Service, Room 6526, 1111 Constitution Avenue 
NW., Washington, DC 20224, or through the Internet at 
[email protected].

SUPPLEMENTARY INFORMATION: 
    Title: Verification of Reported Income.

[[Page 23552]]

    OMB Number: 1545-2236.
    Form Number: Form 14420.
    Abstract: The Pilots are aimed at determining the best method for 
and value of using the Form 1099-K information to identify and treat 
non-compliance. This is expected to result in the identification of 
cases of gross receipts underreporting. As a result, this effort will 
also test treatment streams to allow the IRS to work these cases. One 
of these treatment streams is a notice process. Requesting the books 
and records needed to verify the gross receipts discrepancy through a 
notice process would result in extensive taxpayer burden. Instead, the 
taxpayer can fill out this form, which requests the minimum information 
needed for us to refine our analysis of the taxpayer's return and 
determine if there are any reporting errors/business characteristics 
that may explain their outlier reported figures.
    Current Actions: The Form 14420 was reformatted by adding `yes/no' 
response boxes for each item and space for the taxpayer to provide a 
written response when the item is applicable to the taxpayer. Bulleted 
items were replaced with numbers making it easier for the taxpayer to 
respond to specific items. The current form's purpose was added to the 
instructions box at the top of page 1, which provides transparency. The 
form provides the taxpayer up to five Forms 1099-K. To benefit 
taxpayers with up to ten Forms 1099-K, online information was added. 
The taxpayer has the option of going to www.IRS.gov to retrieve their 
Forms 1099-K filed with the IRS. Due to additions to the Form 1099-K, 
columns were added to the Form 14420 table to account for `card not 
present' (online sales) and `number of payment transactions.' The 
form's length remains at three pages. The changes provide clarity, 
resulting in reduced time and reduced burden on the taxpayer to 
complete the form and for the tax examiners to review and evaluate 
taxpayer responses.
    Type of Review: Revisions of a currently approved collection.
    Affected Public: Businesses and other for-profit organizations, 
Individuals or Households.
    Estimated Number of Respondents: 1,000.
    Estimated Time per Respondent: 4 hours.
    Estimated Total Annual Burden Hours: 4,000.
    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: April 11, 2016.
Tuawana Pinkston,
IRS Reports Clearance Officer.
[FR Doc. 2016-09295 Filed 4-20-16; 8:45 am]
 BILLING CODE 4830-01-P

Federal Register / Vol. 81, No. 77 / Thursday, April 21, 2016 / Notices 23551

been obtained and will not be linked to of drug involved driving. The results of DATES: Persons wishing to file
study results in any manner. Control this project will assist NHTSA in objections should do so no later than
driver participation in the study will be determining how different drug classes April 22, 2016.
voluntary. No identifying information are related to driver safety which will ADDRESSES: Objections and answers to
will be collected from control drivers. help the Agency provide guidance to the objections should be filed in Docket
Control drivers will also be asked to States and Federal Government as each DOT–OST–2015–0208 and addressed to
provide a breath sample to measure considers policies related to drugged Docket Operations (M–30, Room W12–
breath alcohol concentration. driving. 140), U.S. Department of
Self-report surveys will be Description of the Likely Respondents Transportation, 1200 New Jersey
administered to injured participants, (Including Estimated Number, and Avenue SE., Washington, DC 20590, and
when possible, to collect details about Proposed Frequency of Response to the should be served upon the parties listed
the crash, self-reported drug use, general Collection of Information)—The in Attachment A to the order.
driving behaviors, relevant lifestyle participant groups being sought include FOR FURTHER INFORMATION CONTACT:
factors (e.g., fatigue at the time of the 2,500 crash-involved drivers and at least Shabu Thomas, Air Carrier Fitness
crash) and other information deemed 5,000 control drivers. Sampling will Division (X–56, Room W86–469), U.S.
important to the study. In the event a occur at one or more trauma centers and Department of Transportation, 1200
seriously injured driver is unconscious within the roadway catchment area New Jersey Avenue SE., Washington,
after treatment, researchers will return served by the trauma center(s). Each DC 20590, (202) 366–9721.
at a later date to collect the information participant will only respond to the data
if the driver is capable of consenting Dated: April 15, 2016.
collection request a single time during
and responding. If not, willing next of Robert Goldner,
the study period.
kin will be substituted if possible. All Special Counsel to the Assistant Secretary
Estimate of the Total Annual for Aviation and International Affairs.
participating control drivers will be
Reporting and Record Keeping Burden
asked to respond to the survey items, [FR Doc. 2016–09247 Filed 4–20–16; 8:45 am]
Resulting from the Collection of
and their responses will be anonymous. BILLING CODE 4910–9X–P
Description of the Need for the Information—Responding to the entire
Information and Proposed Use of the information request will take
Information—NHTSA’s mission is to approximately 20 minutes per
participant. The project anticipates DEPARTMENT OF THE TREASURY
save lives, prevent injuries and reduce
traffic-related health care and other collecting data from 3,750 participants
Internal Revenue Service
economic costs. The agency develops, per year. As such, the annual estimated
promotes and implements educational, burden hours total is 1,250. There are no Proposed Collection; Comment
engineering and enforcement programs record keeping costs to the respondents. Request for Form 14420
with the goal of ending preventable Thus, there is no preparation of data
required or expected of respondents. AGENCY: Internal Revenue Service (IRS),
tragedies and reducing economic costs
Participants do not incur: (a) Capital Treasury.
associated with vehicle use and
highway travel. In 2010 and 2011, and start-up costs, or (b) operation, ACTION: Notice and request for
NHTSA conducted the first large-scale maintenance, and purchase costs as a comments.
carefully controlled study in the U.S. result of participating in the study.
SUMMARY: The Department of the
designed to estimate the relative crash Authority: 44 U.S.C. Section 3506(c)(2)(A). Treasury, as part of its continuing effort
risk associated with drug use by drivers. Issued in Washington, DC, on April 18, to reduce paperwork and respondent
Using a case-control design, researchers 2016. burden, invites the general public and
collected information from crash- Jeff Michael, other Federal agencies to take this
involved and non-crash involved opportunity to comment on proposed
Associate Administrator, Research and
drivers in Virginia Beach, Virginia. That Program Development. and/or continuing information
effort focused on acquiring data at crash collections, as required by the
[FR Doc. 2016–09257 Filed 4–20–16; 8:45 am]
sites and resulted in very few seriously Paperwork Reduction Act of 1995,
BILLING CODE 4910–59–P
or fatally injured drivers entering the Public Law 104–13 (44 U.S.C.
sample. As such, it was not possible to 3506(c)(2)(A)). Currently, the IRS is
assess how drug use was related to DEPARTMENT OF TRANSPORTATION soliciting comments concerning Form
driver injuries in the most serious of 14420, Verification of Reported Income.
crashes. Other studies have examined Office of the Secretary DATES: Written comments should be
the prevalence of drugs in seriously and
fatally injured drivers, but none has received on or before June 20, 2016 to
Application Of Delux Public Charter,
used a case-control design such as the be assured of consideration.
LLC for Commuter Air Carrier
one proposed in the current study that Authority ADDRESSES: Direct all written comments
will allow for an estimation of risk to Tuawana Pinkston, Internal Revenue
associated with drug use by drivers AGENCY: Department of Transportation. Service, Room 6526, 1111 Constitution
seriously injured or killed in a motor ACTION: Notice of Order to Show Cause Avenue NW., Washington, DC 20224.
vehicle crash. Using the case-control (Order 2016–4–13) Docket DOT–OST– FOR FURTHER INFORMATION CONTACT:
approach in this manner will complete 2015–0208. Requests for additional information or
copies of the form and instructions
jstallworth on DSK7TPTVN1PROD with NOTICES

the relative risk assessment for the full
range of injury severities using SUMMARY: The Department of should be directed to Martha R. Brinson,
comparable methodologies. Transportation is directing all interested Internal Revenue Service, Room 6526,
The large sample of seriously and persons to show cause why it should 1111 Constitution Avenue NW.,
fatally injured drivers gathered by this not issue an order finding Delux Public Washington, DC 20224, or through the
project using a case-control Charter, LLC fit, willing, and able, and Internet at Martha.R.Brinson@irs.gov.
methodology will lead to a better awarding it commuter air carrier SUPPLEMENTARY INFORMATION:
understanding of the relative crash risk authorization. Title: Verification of Reported Income.

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23552 Federal Register / Vol. 81, No. 77 / Thursday, April 21, 2016 / Notices

OMB Number: 1545–2236. unless the collection of information ADDRESSES: Direct all written comments
Form Number: Form 14420. displays a valid OMB control number. to Martha R. Brinson, Internal Revenue
Abstract: The Pilots are aimed at Books or records relating to a collection Service, Room 6526, 1111 Constitution
determining the best method for and of information must be retained as long Avenue NW., Washington, DC 20224.
value of using the Form 1099–K as their contents may become material FOR FURTHER INFORMATION CONTACT:
information to identify and treat non- in the administration of any internal Requests for additional information or
compliance. This is expected to result in revenue law. Generally, tax returns and copies of the form and instructions
the identification of cases of gross tax return information are confidential, should be directed to Martha R. Brinson,
receipts underreporting. As a result, this as required by 26 U.S.C. 6103. Internal Revenue Service, Room 6526,
effort will also test treatment streams to Request for Comments: Comments 1111 Constitution Avenue NW.,
allow the IRS to work these cases. One submitted in response to this notice will Washington, DC 20224, or through the
of these treatment streams is a notice be summarized and/or included in the Internet at Martha.R.Brinson@irs.gov.
process. Requesting the books and request for OMB approval. All
SUPPLEMENTARY INFORMATION:
records needed to verify the gross comments will become a matter of
public record. Comments are invited on: Title: Split-Interest Trust Information
receipts discrepancy through a notice
(a) Whether the collection of Return.
process would result in extensive
information is necessary for the proper OMB Number: 1545–0196.
taxpayer burden. Instead, the taxpayer
Form Number: 5227.
can fill out this form, which requests the performance of the functions of the
Abstract: Form 5227 is used to report
minimum information needed for us to agency, including whether the
the financial activities of a split-interest
refine our analysis of the taxpayer’s information shall have practical utility;
(b) the accuracy of the agency’s estimate trust described in Internal Revenue
return and determine if there are any Code section 4947(a)(2), and to
reporting errors/business characteristics of the burden of the collection of
information; (c) ways to enhance the determine whether the trust is treated as
that may explain their outlier reported a private foundation and is subject to
figures. quality, utility, and clarity of the
information to be collected; (d) ways to the excise taxes under chapter 42 of the
Current Actions: The Form 14420 was
minimize the burden of the collection of Code.
reformatted by adding ‘yes/no’ response
information on respondents, including Current Actions: There is an increase
boxes for each item and space for the
through the use of automated collection in the paperwork burden previously
taxpayer to provide a written response
techniques or other forms of information approved by OMB. Charitable remainder
when the item is applicable to the
technology; and (e) estimates of capital trusts have begun tracking net
taxpayer. Bulleted items were replaced
or start-up costs and costs of operation, investment income (NII) received and
with numbers making it easier for the
maintenance, and purchase of services distributed under section 1411(c). The
taxpayer to respond to specific items.
to provide information. form was updated to report the tracking
The current form’s purpose was added
of NII receipts and distributions (part II
to the instructions box at the top of page Approved: April 11, 2016. and Schedule A). Charitable remainder
1, which provides transparency. The Tuawana Pinkston, trusts (CRT) may elect to apply a
form provides the taxpayer up to five IRS Reports Clearance Officer. simplified NII calculation (reported on
Forms 1099–K. To benefit taxpayers [FR Doc. 2016–09295 Filed 4–20–16; 8:45 am] part I–B of Schedule A). For charitable
with up to ten Forms 1099–K, online
BILLING CODE 4830–01–P remainder trusts that own interests,
information was added. The taxpayer
directly or indirectly, in certain
has the option of going to www.IRS.gov
controlled foreign corporations (CFCs)
to retrieve their Forms 1099–K filed DEPARTMENT OF THE TREASURY or certain passive foreign investment
with the IRS. Due to additions to the
companies (PFICs), the trust may make
Form 1099–K, columns were added to Internal Revenue Service a special election to align the NIIT
the Form 14420 table to account for
Proposed Collection; Comment treatment of those CFCs and PFICs with
‘card not present’ (online sales) and
Request for Form 5227 their treatment for regular tax purposes.
‘number of payment transactions.’ The
In addition, the Department estimates
form’s length remains at three pages. AGENCY: Internal Revenue Service (IRS), an increase of responses based on its
The changes provide clarity, resulting in Treasury. most recent data on Form 5227 filings,
reduced time and reduced burden on
ACTION: Notice and request for from 220,000, to 340,000. The form
the taxpayer to complete the form and
comments. changes and the estimated increase in
for the tax examiners to review and
the number of responses will increase
evaluate taxpayer responses. SUMMARY: The Department of the
Type of Review: Revisions of a the estimated annual burden hours from
Treasury, as part of its continuing effort 15,152,550 to 33,138,550.
currently approved collection. to reduce paperwork and respondent
Affected Public: Businesses and other Type of Review: Revisions of a
burden, invites the general public and currently approved collection.
for-profit organizations, Individuals or other Federal agencies to take this
Households. Affected Public: Business or other for-
opportunity to comment on proposed profit organizations.
Estimated Number of Respondents: and/or continuing information
1,000. Estimated Number of Responses:
collections, as required by the 340,000.
Estimated Time per Respondent: 4 Paperwork Reduction Act of 1995,
hours. Estimated Time per Respondent: 97
Public Law 104–13 (44 U.S.C. hr., 28 min.
jstallworth on DSK7TPTVN1PROD with NOTICES

Estimated Total Annual Burden
3506(c)(2)(A)). Currently, the IRS is Estimated Total Annual Burden
Hours: 4,000.
The following paragraph applies to all soliciting comments concerning Form Hours: 33,138,550.
of the collections of information covered 5227, Split-Interest Trust Information The following paragraph applies to all
by this notice: Return. of the collections of information covered
An agency may not conduct or DATES: Written comments should be by this notice:
sponsor, and a person is not required to received on or before June 20, 2016 to An agency may not conduct or
respond to, a collection of information be assured of consideration. sponsor, and a person is not required to

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Document Created: 2016-04-21 01:17:24
Document Modified: 2016-04-21 01:17:24

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 June 20, 2016 to be assured of consideration.
Contact		Requests for additional information or copies of the form and instructions should be directed to Martha R. Brinson, Internal Revenue Service, Room 6526, 1111 Constitution Avenue NW., Washington, DC 20224, or through the Internet at [email protected]
FR Citation		81 FR 23551

81 FR 23551 - Proposed Collection; Comment Request for Form 14420

DEPARTMENT OF THE TREASURYInternal Revenue Service

Federal Register Volume 81, Issue 77 (April 21, 2016)

DEPARTMENT OF THE TREASURY
Internal Revenue Service