82 FR 21459 - Proposed Collection; Comment Request for Proceeds From Broker and Barter Exchange Transactions, Form 1099-B

DEPARTMENT OF THE TREASURY
Internal Revenue Service

Federal Register Volume 82, Issue 87 (May 8, 2017)

Page Range		21459-21459
FR Document		2017-09269

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 1099-B, Proceeds From Broker and Barter Exchange Transactions.

Federal Register, Volume 82 Issue 87 (Monday, May 8, 2017)

[Federal Register Volume 82, Number 87 (Monday, May 8, 2017)]
[Notices]
[Page 21459]
From the Federal Register Online  [www.thefederalregister.org]
[FR Doc No: 2017-09269]



[[Page 21459]]

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DEPARTMENT OF THE TREASURY

Internal Revenue Service


Proposed Collection; Comment Request for Proceeds From Broker and 
Barter Exchange Transactions, Form 1099-B

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 1099-B, Proceeds From Broker and Barter 
Exchange Transactions.

DATES: Written comments should be received on or before July 7, 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. Requests for additional information or copies of the form and 
instructions should be directed to Ralph Terry, at Internal Revenue 
Service, Room 6526, 1111 Constitution Avenue NW., Washington, DC 20224 
or through the internet at [email protected].

SUPPLEMENTARY INFORMATION:
    Title: Proceeds From Broker and Barter Exchange Transactions.
    OMB Number: 1545-0715.
    Form Number: Form 1099-B.
    Abstract: Internal Revenue Code section 6045 requires the filing of 
an information return by brokers to report the gross proceeds from 
transactions and by barter exchanges to report exchanges of property or 
services. Form 1099-B is used to report proceeds from these 
transactions to the Internal Revenue Service.
    Current Actions: There are changes in the paperwork burden 
previously approved by OMB. The addition of 4 items for responders to 
fill out has increased burden.
    Type of Review: Extension of a currently approved collection.
    Affected Public: Business or other for-profit organizations and 
individuals.
    Estimated Number of Responses: 1,434,809,803.
    Estimated Time per Response: 28 minutes.
    Estimated Total Annual Burden Hours: 674,360,607.
    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 24, 2017.
Tuawana Pinkston,
IRS Clearance Officer.
[FR Doc. 2017-09269 Filed 5-5-17; 8:45 am]
 BILLING CODE 4830-01-P

Federal Register / Vol. 82, No. 87 / Monday, May 8, 2017 / Notices 21459

DEPARTMENT OF THE TREASURY Estimated Time per Response: 28 Avenue NW., Washington, DC 20420.
minutes. The meeting will convene at 8:30 a.m.
Internal Revenue Service Estimated Total Annual Burden on both days, and will adjourn at 4:30
Hours: 674,360,607. p.m. on May 24 and at 12 noon on May
Proposed Collection; Comment The following paragraph applies to all 25. This meeting is open to the public.
Request for Proceeds From Broker and of the collections of information covered
Barter Exchange Transactions, Form by this notice: The purpose of the Committee is to
1099–B An agency may not conduct or advise the Secretary of VA on VA’s
sponsor, and a person is not required to prosthetics programs designed to
AGENCY: Internal Revenue Service (IRS), provide state-of-the-art prosthetics and
Treasury. respond to, a collection of information
unless the collection of information the associated rehabilitation research,
ACTION: Notice and request for development, and evaluation of such
displays a valid OMB control number.
comments. Books or records relating to a collection technology. The Committee also
SUMMARY: The Department of the of information must be retained as long provides advice to the Secretary on
Treasury, as part of its continuing effort as their contents may become material special-disabilities programs, which are
to reduce paperwork and respondent in the administration of any internal defined as any program administered by
burden, invites the general public and revenue law. Generally, tax returns and the Secretary to serve Veterans with
other Federal agencies to take this tax return information are confidential, spinal cord injuries, blindness or visual
opportunity to comment on proposed as required by 26 U.S.C. 6103. impairments, loss of extremities or loss
and/or continuing information Request for Comments: Comments of function, deafness or hearing
collections, as required by the submitted in response to this notice will impairment, and other serious
Paperwork Reduction Act of 1995. be summarized and/or included in the incapacities in terms of daily life
Currently, the IRS is soliciting request for OMB approval. All functions.
comments concerning Form 1099–B, comments will become a matter of On May 24, the Committee will
Proceeds From Broker and Barter public record. Comments are invited on: receive briefings on the Spinal Cord
Exchange Transactions. (a) Whether the collection of Injury and Disorders; VA Eye Care
DATES: Written comments should be
information is necessary for the proper (Optometry and Ophthalmology
received on or before July 7, 2017 to be performance of the functions of the
Services), Workforce Management,
assured of consideration. agency, including whether the
Women’s Health Services, and Caregiver
information shall have practical utility;
ADDRESSES: Direct all written comments Program and Community Care. On May
(b) the accuracy of the agency’s estimate
to Tuawana Pinkston, Internal Revenue 25, the Committee members will receive
of the burden of the collection of
Service, Room 6526, 1111 Constitution briefing from the Clinical Orthotists and
information; (c) ways to enhance the
Avenue NW., Washington, DC 20224. Prosthetists and Physical Medicine and
quality, utility, and clarity of the
Requests for additional information or Rehabilitation, and Polytrauma System
information to be collected; (d) ways to
copies of the form and instructions of Care.
minimize the burden of the collection of
should be directed to Ralph Terry, at No time will be allocated for receiving
information on respondents, including
Internal Revenue Service, Room 6526, oral presentations from the public;
through the use of automated collection
1111 Constitution Avenue NW., however, members of the public may
techniques or other forms of information
Washington, DC 20224 or through the direct questions or submit written
technology; and (e) estimates of capital
internet at Ralph.M.Terry@irs.gov. statements for review by the Committee
or start-up costs and costs of operation,
SUPPLEMENTARY INFORMATION: maintenance, and purchase of services in advance of the meeting to Judy
Title: Proceeds From Broker and to provide information. Schafer, Ph.D., Designated Federal
Barter Exchange Transactions. Officer, Veterans Health Administration,
OMB Number: 1545–0715. Approved: April 24, 2017.
Patient Care Services, Rehabilitation
Form Number: Form 1099–B. Tuawana Pinkston,
Abstract: Internal Revenue Code and Prosthetic Services (10P4R), VA,
IRS Clearance Officer.
section 6045 requires the filing of an 810 Vermont Avenue NW., Washington,
[FR Doc. 2017–09269 Filed 5–5–17; 8:45 am]
information return by brokers to report DC 20420, or by email at Judy.Schafer@
BILLING CODE 4830–01–P
the gross proceeds from transactions va.gov. Because the meeting is being
and by barter exchanges to report held in a government building, a photo
exchanges of property or services. Form I.D. must be presented at the Guard’s
DEPARTMENT OF VETERANS Desk as a part of the clearance process.
1099–B is used to report proceeds from AFFAIRS
these transactions to the Internal Therefore, you should allow an
Revenue Service. additional 30 minutes before the
Advisory Committee on Prosthetics
Current Actions: There are changes in meeting begins. Any member of the
and Special-Disabilities Programs;
the paperwork burden previously Notice of Meeting public wishing to attend the meeting
approved by OMB. The addition of 4 should contact Dr. Schafer at (202) 461–
items for responders to fill out has The Department of Veterans Affairs 7315.
increased burden. (VA) gives notice under the Federal
Dated: May 3, 2017.
Type of Review: Extension of a Advisory Committee Act, 5 U.S.C. App.
asabaliauskas on DSK3SPTVN1PROD with NOTICES

2, that a meeting of the Federal LaTonya L. Small,
currently approved collection.
Affected Public: Business or other for- Advisory Committee on Prosthetics and Federal Advisory Committee Management
profit organizations and individuals. Special-Disabilities Programs will be Officer.
Estimated Number of Responses: held on May 24–25, 2017, in Room 530 [FR Doc. 2017–09244 Filed 5–5–17; 8:45 am]
1,434,809,803. at VA Central Office, 810 Vermont BILLING CODE 8320–01–P

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Document Created: 2017-05-06 02:21:42
Document Modified: 2017-05-06 02:21:42

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 July 7, 2017 to be assured of consideration.
FR Citation		82 FR 21459

82 FR 21459 - Proposed Collection; Comment Request for Proceeds From Broker and Barter Exchange Transactions, Form 1099-B

DEPARTMENT OF THE TREASURYInternal Revenue Service

Federal Register Volume 82, Issue 87 (May 8, 2017)

DEPARTMENT OF THE TREASURY
Internal Revenue Service