81 FR 79096 - Proposed Collection; Comment Request for Form 1098-E

DEPARTMENT OF THE TREASURY
Internal Revenue Service

Federal Register Volume 81, Issue 218 (November 10, 2016)

Page Range		79096-79096
FR Document		2016-27104

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 1098-E, Student Loan Interest Statement.

Federal Register, Volume 81 Issue 218 (Thursday, November 10, 2016)

[Federal Register Volume 81, Number 218 (Thursday, November 10, 2016)]
[Notices]
[Page 79096]
From the Federal Register Online  [www.thefederalregister.org]
[FR Doc No: 2016-27104]



[[Page 79096]]

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DEPARTMENT OF THE TREASURY

Internal Revenue Service


Proposed Collection; Comment Request for Form 1098-E

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 
Form 1098-E, Student Loan Interest Statement.

DATES: Written comments should be received on or before January 9, 2017 
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 LaNita Van 
Dyke, at Internal Revenue Service, Room 6526, 1111 Constitution Avenue 
NW., Washington, DC 20224, or through the internet, at 
[email protected].

SUPPLEMENTARY INFORMATION: 
    Title: Student Loan Interest Statement.
    OMB Number: 1545-1576.
    Form Number: Form 1098-E.
    Abstract: Section 6050S(b)(2) of the Internal Revenue Code requires 
persons (financial institutions, governmental units, etc.) to report 
$600 or more of interest paid on student loans to the IRS and the 
students. Form 1098-E is used for this purpose.
    Current Actions: There are no changes being made to the form at 
this time.
    Type of Review: Extension of a currently approved collection.
    Affected Public: Business or other for-profit organizations, not-
for-profit institutions, and State, local or tribal governments.
    Estimated Number of Respondents: 8,761,303.
    Estimated Time per Respondent: 7 min.
    Estimated Total Annual Burden Hours: 1,051,357.
    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: November 1, 2016,
Tuawana Pinkston,
Supervisory Tax Analyst.
[FR Doc. 2016-27104 Filed 11-9-16; 8:45 am]
BILLING CODE 4830-01-P

79096 Federal Register / Vol. 81, No. 218 / Thursday, November 10, 2016 / Notices

DEPARTMENT OF THE TREASURY The following paragraph applies to all 3506(c)(2)(A)). Currently, the IRS is
of the collections of information covered soliciting comments concerning
Internal Revenue Service by this notice: Revenue Procedure 2016–47, Waiver of
An agency may not conduct or 60-Day Rollover Requirement.
Proposed Collection; Comment sponsor, and a person is not required to DATES: Written comments should be
Request for Form 1098–E respond to, a collection of information received on or before January 9, 2017 to
AGENCY: Internal Revenue Service (IRS), unless the collection of information be assured of consideration.
Treasury. displays a valid OMB control number. ADDRESSES: Direct all written comments
Books or records relating to a collection to Tuawana Pinkston, Internal Revenue
ACTION: Notice and request for of information must be retained as long
comments. Service, Room 6526, 1111 Constitution
as their contents may become material Avenue NW., Washington, DC 20224.
in the administration of any internal
SUMMARY: The Department of the FOR FURTHER INFORMATION CONTACT:
revenue law. Generally, tax returns and
Treasury, as part of its continuing effort Requests for additional information or
tax return information are confidential,
to reduce paperwork and respondent copies of the revenue procedure should
as required by 26 U.S.C. 6103.
burden, invites the general public and Request for Comments: Comments be directed to Kerry Dennis, at Internal
other Federal agencies to take this submitted in response to this notice will Revenue Service, Room 6526, 1111
opportunity to comment on proposed be summarized and/or included in the Constitution Avenue NW., Washington
and/or continuing information request for OMB approval. All DC 20224, or through the Internet, at
collections, as required by the comments will become a matter of Kerry.Dennis@irs.gov.
Paperwork Reduction Act of 1995, public record. Comments are invited on: SUPPLEMENTARY INFORMATION:
Public Law 104–13 (44 U.S.C. (a) Whether the collection of Title: Waiver of 60-Day Rollover
3506(c)(2)(A)). Currently, the IRS is information is necessary for the proper Requirement.
soliciting comments concerning Form performance of the functions of the OMB Number: 1545–2269.
1098–E, Student Loan Interest agency, including whether the Revenue Procedure Number: Revenue
Statement. information shall have practical utility; Procedure 2016–47.
DATES: Written comments should be (b) the accuracy of the agency’s estimate Abstract: Revenue Procedure 2016–47
received on or before January 9, 2017 to of the burden of the collection of describes a program for self-certification
be assured of consideration. information; (c) ways to enhance the by taxpayers who missed the 60-day
quality, utility, and clarity of the statutory requirement for making a
ADDRESSES: Direct all written comments rollover contribution to a qualified plan
to Tuawana Pinkston, Internal Revenue information to be collected; (d) ways to
minimize the burden of the collection of or individual retirement arrangement
Service, Room 6526, 1111 Constitution (IRA). Upon receipt of a self-
Avenue NW., Washington, DC 20224. information on respondents, including
through the use of automated collection certification, a plan administrator of IRA
FOR FURTHER INFORMATION CONTACT: trustee may accept the contribution and
techniques or other forms of information
Requests for additional information or technology; and (e) estimates of capital treat it as having satisfied the
copies of the form and instructions or start-up costs and costs of operation, requirements for a waiver of the 60-day
should be directed to LaNita Van Dyke, maintenance, and purchase of services requirement. Currently, the only way for
at Internal Revenue Service, Room 6526, to provide information. a taxpayer to obtain a waiver of the 60-
1111 Constitution Avenue NW., day requirement is to apply to the
Washington, DC 20224, or through the Approved: November 1, 2016, Internal Revenue Service (IRS) for a
internet, at Lanita.VanDyke@irs.gov. Tuawana Pinkston, favorable ruling, which is issued by the
SUPPLEMENTARY INFORMATION: Supervisory Tax Analyst. Tax Exempt and Government Entities
Title: Student Loan Interest [FR Doc. 2016–27104 Filed 11–9–16; 8:45 am] Division (TE/GE). The fee for a ruling is
Statement. BILLING CODE 4830–01–P $10,000. The program outlined in this
OMB Number: 1545–1576. revenue procedure permits taxpayers to
Form Number: Form 1098–E. receive the benefits of a waiver without
DEPARTMENT OF THE TREASURY paying a user fee.
Abstract: Section 6050S(b)(2) of the
Current Actions: Extension of a
Internal Revenue Code requires persons Internal Revenue Service currently approved collection.
(financial institutions, governmental
Affected Public: Individuals or
units, etc.) to report $600 or more of Proposed Collection; Comment
Households.
interest paid on student loans to the IRS Request for Revenue Procedure 2016– Estimated Number of Respondents:
and the students. Form 1098–E is used 47 150.
for this purpose. Estimated Time per Respondent: 3
AGENCY: Internal Revenue Service (IRS),
Current Actions: There are no changes hours.
Treasury.
being made to the form at this time. Estimated Total Annual Burden
ACTION: Notice and request for
Type of Review: Extension of a Hours: 450.
comments.
currently approved collection. The following paragraph applies to all
Affected Public: Business or other for- SUMMARY: The Department of the of the collections of information covered
profit organizations, not-for-profit Treasury, as part of its continuing effort by this notice:
asabaliauskas on DSK3SPTVN1PROD with NOTICES

institutions, and State, local or tribal to reduce paperwork and respondent An agency may not conduct or
governments. burden, invites the general public and sponsor, and a person is not required to
Estimated Number of Respondents: other Federal agencies to take this respond to, a collection of information
8,761,303. opportunity to comment on proposed unless the collection of information
Estimated Time per Respondent: 7 and/or continuing information displays a valid OMB control number.
min. collections, as required by the Books or records relating to a collection
Estimated Total Annual Burden Paperwork Reduction Act of 1995, of information must be retained as long
Hours: 1,051,357. Public Law 104–13 (44 U.S.C. as their contents may become material

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Document Created: 2016-11-10 01:44:18
Document Modified: 2016-11-10 01:44:18

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 January 9, 2017 to be assured of consideration.
Contact		Requests for additional information or copies of the form and instructions should be directed to LaNita Van Dyke, at Internal Revenue Service, Room 6526, 1111 Constitution Avenue NW., Washington, DC 20224, or through the internet, at [email protected]
FR Citation		81 FR 79096

81 FR 79096 - Proposed Collection; Comment Request for Form 1098-E

DEPARTMENT OF THE TREASURYInternal Revenue Service

Federal Register Volume 81, Issue 218 (November 10, 2016)

DEPARTMENT OF THE TREASURY
Internal Revenue Service