82 FR 17089 - Proposed Collection; Comment Request for Quarterly Federal Excise Tax Return

DEPARTMENT OF THE TREASURY
Internal Revenue Service

Federal Register Volume 82, Issue 66 (April 7, 2017)

Page Range		17089-17090
FR Document		2017-06916

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. Currently, the IRS is soliciting comments concerning Form 720, Quarterly Federal Excise Tax Return.

Federal Register, Volume 82 Issue 66 (Friday, April 7, 2017)

[Federal Register Volume 82, Number 66 (Friday, April 7, 2017)]
[Notices]
[Pages 17089-17090]
From the Federal Register Online  [www.thefederalregister.org]
[FR Doc No: 2017-06916]


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DEPARTMENT OF THE TREASURY

Internal Revenue Service


Proposed Collection; Comment Request for Quarterly Federal Excise 
Tax Return

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. Currently, the IRS is soliciting 
comments concerning Form 720, Quarterly Federal Excise Tax Return.

DATES: Written comments should be received on or before June 6, 2017 to 
be assured of consideration.

ADDRESSES: Direct all written comments to Laurie Brimmer Internal 
Revenue Service, Room 6526, 1111 Constitution Avenue NW., Washington, 
DC 20224.
    Requests for additional information or copies of the form and 
instructions should be directed to Sara Covington at Internal Revenue 
Service, Room 6526, 1111 Constitution Avenue NW., Washington, DC 20224, 
or through the internet at [email protected].

SUPPLEMENTARY INFORMATION:
    Title: Quarterly Federal Excise Tax Return.
    OMB Number: 1545-0023.
    Form Number: 720.
    Abstract: Form 720 is used to report (1) excise taxes due from 
retailers and manufacturers on the sale or manufacture of various 
articles, (2) the tax on facilities and services, (3) environmental 
taxes, (4) luxury tax, and (5) floor stocks taxes. The information 
supplied on Form 720 is used by the IRS to determine the correct tax 
liability. Additionally the data is reported by the IRS to Treasury so 
that funds may be transferred from the general revenue fund to the 
appropriate trusts funds.
    Current Actions: There were changes made to the burden estimates, 
due to the discontinuation of the Over-the-counter (OTC) voucher.
    Type of Review: Revision of a currently approved collection.
    Affected Public: Business or other for-profit organizations, 
individuals, not-for-profit institutions, farms, and Federal, state, 
local or tribal governments.
    Estimated Number of Responses: 401,444.
    Estimated Time per Respondent: 11 hrs, 9 minutes.
    Estimated Total Annual Burden Hours: 4,474,785.
    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

[[Page 17090]]

technology; and (e) estimates of capital or start-up costs and costs of 
operation, maintenance, and purchase of services to provide 
information.

    Approved: March 29, 2017.
Laurie Brimmer,
IRS Senior Tax Analyst.
[FR Doc. 2017-06916 Filed 4-6-17; 8:45 am]
 BILLING CODE 4830-01-P

Federal Register / Vol. 82, No. 66 / Friday, April 7, 2017 / Notices 17089

collections, as required by the be summarized and/or included in the Title: Quarterly Federal Excise Tax
Paperwork Reduction Act of 1995. request for OMB approval. All Return.
Currently, the IRS is soliciting comments will become a matter of OMB Number: 1545–0023.
comments concerning Definitions Under public record. Comments are invited on: Form Number: 720.
Subchapter S of the Internal Revenue (a) Whether the collection of Abstract: Form 720 is used to report
Code. information is necessary for the proper (1) excise taxes due from retailers and
performance of the functions of the manufacturers on the sale or
DATES: Written comments should be manufacture of various articles, (2) the
received on or before June 6, 2017 to be agency, including whether the
information shall have practical utility; tax on facilities and services, (3)
assured of consideration. environmental taxes, (4) luxury tax, and
(b) the accuracy of the agency’s estimate
ADDRESSES: Direct all written comments (5) floor stocks taxes. The information
of the burden of the collection of
to Laurie Brimmer, Internal Revenue information; (c) ways to enhance the supplied on Form 720 is used by the IRS
Service, Room 6526, 1111 Constitution quality, utility, and clarity of the to determine the correct tax liability.
Avenue NW., Washington, DC 20224. information to be collected; (d) ways to Additionally the data is reported by the
Requests for additional information or minimize the burden of the collection of IRS to Treasury so that funds may be
copies of the regulation should be information on respondents, including transferred from the general revenue
directed to LaNita Van Dyke, Internal through the use of automated collection fund to the appropriate trusts funds.
Revenue Service, Room 6526, 1111 techniques or other forms of information Current Actions: There were changes
Constitution Avenue NW., Washington, technology; and (e) estimates of capital made to the burden estimates, due to the
DC 20224 or at Lanita.VanDyke@irs.gov. or start-up costs and costs of operation, discontinuation of the Over-the-counter
SUPPLEMENTARY INFORMATION: maintenance, and purchase of services (OTC) voucher.
Title: Definitions Under Subchapter S to provide information. Type of Review: Revision of a
of the Internal Revenue Code. Approved: March 26, 2017.
currently approved collection.
OMB Number: 1545–1462. Affected Public: Business or other for-
Laurie Brimmer,
Notice Number: TD 8696 Definitions profit organizations, individuals, not-
Under Subchapter S of the Internal Senior Tax Analyst. for-profit institutions, farms, and
Revenue Code. [FR Doc. 2017–06923 Filed 4–6–17; 8:45 am] Federal, state, local or tribal
Abstract: Section 1.1377–1(b)(4) of the BILLING CODE 4830–01–P governments.
regulation provides that an S Estimated Number of Responses:
corporation making a terminating 401,444.
election under Internal Revenue Code DEPARTMENT OF THE TREASURY Estimated Time per Respondent: 11
section 1377(a)(2) must attach a hrs, 9 minutes.
Internal Revenue Service Estimated Total Annual Burden
statement to its timely filed original or
amended return required to be filed Proposed Collection; Comment Hours: 4,474,785.
under Code section 6037(a). The The following paragraph applies to all
Request for Quarterly Federal Excise
statement must provide information Tax Return of the collections of information covered
concerning the events that gave rise to by this notice:
the election and declarations of consent AGENCY: Internal Revenue Service (IRS), An agency may not conduct or
from the S corporation shareholders. Treasury. sponsor, and a person is not required to
Current Actions: There is no change to ACTION: Notice and request for respond to, a collection of information
this existing regulation. comments. unless the collection of information
Type of Review: Extension of OMB displays a valid OMB control number.
approval. SUMMARY: The Department of the Books or records relating to a collection
Affected Public: Business or other for- Treasury, as part of its continuing effort of information must be retained as long
profit organizations, and individuals. to reduce paperwork and respondent as their contents may become material
Estimated Number of Respondents: burden, invites the general public and in the administration of any internal
4,000. other Federal agencies to take this revenue law. Generally, tax returns and
Estimated Time per Respondent: .25 opportunity to comment on proposed tax return information are confidential,
hours. and/or continuing information as required by 26 U.S.C. 6103.
Estimated Total Annual Burden collections, as required by the Request for Comments: Comments
Hours: 1,000. Paperwork Reduction Act of 1995. submitted in response to this notice will
The following paragraph applies to all Currently, the IRS is soliciting be summarized and/or included in the
of the collections of information covered comments concerning Form 720, request for OMB approval. All
by this notice: Quarterly Federal Excise Tax Return. comments will become a matter of
An agency may not conduct or DATES: Written comments should be public record. Comments are invited on:
sponsor, and a person is not required to received on or before June 6, 2017 to be (a) Whether the collection of
respond to, a collection of information assured of consideration. information is necessary for the proper
unless the collection of information ADDRESSES: Direct all written comments performance of the functions of the
displays a valid OMB control number. to Laurie Brimmer Internal Revenue agency, including whether the
Books or records relating to a Service, Room 6526, 1111 Constitution information shall have practical utility;
collection of information must be Avenue NW., Washington, DC 20224. (b) the accuracy of the agency’s estimate
retained as long as their contents may Requests for additional information or of the burden of the collection of
nlaroche on DSK30NT082PROD with NOTICES

become material in the administration copies of the form and instructions information; (c) ways to enhance the
of any internal revenue law. Generally, should be directed to Sara Covington at quality, utility, and clarity of the
tax returns and tax return information Internal Revenue Service, Room 6526, information to be collected; (d) ways to
are confidential, as required by 26 1111 Constitution Avenue NW., minimize the burden of the collection of
U.S.C. 6103. Washington, DC 20224, or through the information on respondents, including
Request for Comments: Comments internet at sara.l.covington@irs.gov. through the use of automated collection
submitted in response to this notice will SUPPLEMENTARY INFORMATION: techniques or other forms of information

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17090 Federal Register / Vol. 82, No. 66 / Friday, April 7, 2017 / Notices

technology; and (e) estimates of capital DEPARTMENT OF THE TREASURY The following paragraph applies to all
or start-up costs and costs of operation, of the collections of information covered
maintenance, and purchase of services Internal Revenue Service by this notice:
to provide information. An agency may not conduct or
Proposed Collection; Comment sponsor, and a person is not required to
Approved: March 29, 2017. Request for Application for respond to, a collection of information
Laurie Brimmer, Determination for Employee Benefit unless the collection of information
IRS Senior Tax Analyst. Plans displays a valid OMB control number.
[FR Doc. 2017–06916 Filed 4–6–17; 8:45 am]
AGENCY: Internal Revenue Service (IRS), Books or records relating to a collection
BILLING CODE 4830–01–P Treasury. of information must be retained as long
as their contents may become material
ACTION: Notice and request for in the administration of any internal
comments. revenue law. Generally, tax returns and
DEPARTMENT OF THE TREASURY
SUMMARY: The Department of the tax return information are confidential,
Internal Revenue Service Treasury, as part of its continuing effort as required by 26 U.S.C. 6103.
Request for Comments: Comments
to reduce paperwork and respondent
Open Meeting of the Taxpayer submitted in response to this notice will
burden, invites the general public and
Advocacy Panel Joint Committee be summarized and/or included in the
other Federal agencies to take this
request for OMB approval. All
opportunity to comment on proposed
AGENCY: Internal Revenue Service (IRS), comments will become a matter of
and/or continuing information
Treasury. public record. Comments are invited on:
collections, as required by the
(a) Whether the collection of
ACTION: Notice of meeting. Paperwork Reduction Act of 1995.
information is necessary for the proper
Currently, the IRS is soliciting
performance of the functions of the
SUMMARY: An open meeting of the comments concerning Form 5300,
agency, including whether the
Taxpayer Advocacy Panel Joint Application for Determination for
information shall have practical utility;
Committee will be conducted. The Employee Benefit Plans.
(b) the accuracy of the agency’s estimate
Taxpayer Advocacy Panel is soliciting DATES: Written comments should be of the burden of the collection of
public comments, ideas, and received on or before June 6, 2017 to be information; (c) ways to enhance the
suggestions on improving customer assured of consideration. quality, utility, and clarity of the
service at the Internal Revenue Service. ADDRESSES: Direct all written comments information to be collected; (d) ways to
The meeting will be held
DATES:
to Laurie Brimmer, Internal Revenue minimize the burden of the collection of
Service, Room 6526, 1111 Constitution information on respondents, including
Wednesday, April 26, 2017.
Avenue NW., Washington, DC 20224. through the use of automated collection
FOR FURTHER INFORMATION CONTACT: Requests for additional information or techniques or other forms of information
Gretchen Swayzer at 1–888–912–1227 copies of the forms and instructions technology; and (e) estimates of capital
or 469–801–0769. should be directed to LaNita Van Dyke or start-up costs and costs of operation,
at Internal Revenue Service, Room 6526, maintenance, and purchase of services
SUPPLEMENTARY INFORMATION: Notice is 1111 Constitution Avenue NW., to provide information.
hereby given pursuant to Section Washington, DC 20224 or through the
10(a)(2) of the Federal Advisory Approved: March 27, 2017.
internet at LanitaVanDyke@irs.gov. Laurie Brimmer,
Committee Act, 5 U.S.C. App. (1988)
SUPPLEMENTARY INFORMATION: IRS Senior Tax Analyst.
that an open meeting of the Taxpayer
Title: Application for Determination [FR Doc. 2017–06919 Filed 4–6–17; 8:45 am]
Advocacy Panel Joint Committee will be for Employee Benefit Plan (Form 5300).
held Wednesday, April 26, 2017, at 1:00 OMB Number: 1545–0197.
BILLING CODE 4830–01–P
p.m. Eastern Time via teleconference. Form Number: Form 5300.
The public is invited to make oral Abstract: Internal Revenue Code
comments or submit written statements DEPARTMENT OF THE TREASURY
sections 401(a) and 501(a) set out
for consideration. For more information requirements for qualification of Internal Revenue Service
please contact: Gretchen Swayzer at 1– employee benefit trusts and the tax
888–912–1227 or 469–801–0769, TAP exempt status of these trusts. Form 5300 Proposed Collection; Comment
Office, 4050 Alpha Rd., Farmers Branch, is used to request a determination letter Request for Modified Endowment
TX 75244, or contact us at the Web site: from the IRS for the qualification of a Contract Correction Program
http://www.improveirs.org. defined benefit or a defined Extension.
The agenda will include various contribution plan and the exempt status AGENCY: Internal Revenue Service (IRS),
committee issues for submission to the of any related trust. Treasury.
IRS and other TAP related topics. Public Current Actions: There are revisions
ACTION: Notice and request for
input is welcomed. being made to the form at this time.
comments.
Type of Review: Revision of a
Dated: April 3, 2017. currently approved collection. SUMMARY: The Department of the
Kevin Brown, Affected Public: Business or other for- Treasury, as part of its continuing effort
nlaroche on DSK30NT082PROD with NOTICES

Acting Director, Taxpayer Advocacy Panel. profit organizations and individuals. to reduce paperwork and respondent
[FR Doc. 2017–06918 Filed 4–6–17; 8:45 am] Estimated Number of Respondents: burden, invites the general public and
BILLING CODE 4830–01–P 85,000. other Federal agencies to take this
Estimated Time per Respondent: opportunity to comment on proposed
84.72 hours. and/or continuing information
Estimated Total Annual Burden collections, as required by the
Hours: 7,201,200. Paperwork Reduction Act of 1995.

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Document Created: 2017-04-06 23:49:14
Document Modified: 2017-04-06 23:49:14

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 6, 2017 to be assured of consideration.
FR Citation		82 FR 17089

82 FR 17089 - Proposed Collection; Comment Request for Quarterly Federal Excise Tax Return

DEPARTMENT OF THE TREASURYInternal Revenue Service

Federal Register Volume 82, Issue 66 (April 7, 2017)

DEPARTMENT OF THE TREASURY
Internal Revenue Service