82 FR 57529 - Proposed Collection; Comment Request for Form 720X

DEPARTMENT OF THE TREASURY
Internal Revenue Service

Federal Register Volume 82, Issue 232 (December 5, 2017)

Page Range		57529-57529
FR Document		2017-26177

The Internal Revenue Service, 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. The IRS is soliciting comments concerning Form 720X, Amended Quarterly Federal Excise Tax Return.

Federal Register, Volume 82 Issue 232 (Tuesday, December 5, 2017)

[Federal Register Volume 82, Number 232 (Tuesday, December 5, 2017)]
[Notices]
[Page 57529]
From the Federal Register Online  [www.thefederalregister.org]
[FR Doc No: 2017-26177]


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DEPARTMENT OF THE TREASURY

Internal Revenue Service


Proposed Collection; Comment Request for Form 720X

AGENCY: Internal Revenue Service (IRS), Treasury.

ACTION: Notice and request for comments.

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SUMMARY: The Internal Revenue Service, 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. The IRS is soliciting comments 
concerning Form 720X, Amended Quarterly Federal Excise Tax Return.

DATES: Written comments should be received on or before February 5, 
2018 to be assured of consideration.

ADDRESSES: Direct all written comments to L. Brimmer, 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 Sara 
Covington, (202) 317-6038, Internal Revenue Service, Room 6526, 1111 
Constitution Avenue NW., Washington, DC 20224, or through the internet 
at [email protected].

SUPPLEMENTARY INFORMATION: 
    Title: Amended Quarterly Federal Excise Tax Return.
    OMB Number: 1545-1759.
    Form Number: 720X.
    Abstract: Form 720X is used to make adjustments to liability 
reported on forms 720 you have filed for previous quarters. It can be 
filed by itself or it can be attached to any subsequent Form 720. Code 
section 6416(d) allows taxpayers to take a credit on a subsequent 
return rather than filing a refund claim. The creation of Form 720X is 
to provide a uniform standard for trust fund accounting.
    Current Actions: There are no changes being made to Form 720X at 
this time.
    Type of Review: Extension of a currently approved collection.
    Affected Public: Businesses or other for-profit organizations.
    Estimated Number of Responses: 22,000.
    Estimated Time per Response: 6 hrs, 56 minutes.
    Estimated Total Annual Burden Hours: 152,460.
    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 28, 2017.
L. Brimmer,
Senior Tax Analyst.
[FR Doc. 2017-26177 Filed 12-4-17; 8:45 am]
 BILLING CODE 4830-01-P

Federal Register / Vol. 82, No. 232 / Tuesday, December 5, 2017 / Notices 57529

in the administration of any internal invites the general public and other Estimated Time per Response: 6 hrs,
revenue law. Generally, tax returns and Federal agencies to take this 56 minutes.
tax return information are confidential, opportunity to comment on proposed Estimated Total Annual Burden
as required by 26 U.S.C. 6103. and/or continuing information Hours: 152,460.
Request for Comments: Comments collections, as required by the The following paragraph applies to all
submitted in response to this notice will Paperwork Reduction Act of 1995. The of the collections of information covered
be summarized and/or included in the IRS is soliciting comments concerning by this notice:
request for OMB approval. All Form 720X, Amended Quarterly Federal An agency may not conduct or
comments will become a matter of Excise Tax Return. sponsor, and a person is not required to
public record. Comments are invited on: DATES: Written comments should be respond to, a collection of information
(a) Whether the collection of received on or before February 5, 2018 unless the collection of information
information is necessary for the proper to be assured of consideration. displays a valid OMB control number.
performance of the functions of the ADDRESSES: Direct all written comments Books or records relating to a collection
agency, including whether the to L. Brimmer, Internal Revenue of information must be retained as long
information shall have practical utility; Service, Room 6526, 1111 Constitution as their contents may become material
(b) the accuracy of the agency’s estimate Avenue NW., Washington, DC 20224. in the administration of any internal
of the burden of the collection of revenue law. Generally, tax returns and
FOR FURTHER INFORMATION CONTACT:
information; (c) ways to enhance the tax return information are confidential,
quality, utility, and clarity of the Requests for additional information or as required by 26 U.S.C. 6103.
information to be collected; (d) ways to copies of the form and instructions Request for Comments: Comments
minimize the burden of the collection of should be directed to Sara Covington, submitted in response to this notice will
information on respondents, including (202) 317–6038, Internal Revenue be summarized and/or included in the
through the use of automated collection Service, Room 6526, 1111 Constitution request for OMB approval. All
techniques or other forms of information Avenue NW., Washington, DC 20224, or comments will become a matter of
technology; and (e) estimates of capital through the internet at public record.
or start-up costs and costs of operation, Sara.L.Covington@irs.gov. Comments are invited on: (a) Whether
maintenance, and purchase of services SUPPLEMENTARY INFORMATION: the collection of information is
to provide information. Title: Amended Quarterly Federal necessary for the proper performance of
Excise Tax Return. the functions of the agency, including
Approved: November 28, 2017.
OMB Number: 1545–1759. whether the information shall have
L. Brimmer, Form Number: 720X. practical utility; (b) the accuracy of the
Senior Tax Analyst. Abstract: Form 720X is used to make agency’s estimate of the burden of the
[FR Doc. 2017–26175 Filed 12–4–17; 8:45 am] adjustments to liability reported on collection of information; (c) ways to
BILLING CODE 4830–01–P forms 720 you have filed for previous enhance the quality, utility, and clarity
quarters. It can be filed by itself or it can of the information to be collected; (d)
be attached to any subsequent Form ways to minimize the burden of the
DEPARTMENT OF THE TREASURY 720. Code section 6416(d) allows collection of information on
taxpayers to take a credit on a respondents, including through the use
Internal Revenue Service subsequent return rather than filing a of automated collection techniques or
Proposed Collection; Comment refund claim. The creation of Form other forms of information technology;
Request for Form 720X 720X is to provide a uniform standard and (e) estimates of capital or start-up
for trust fund accounting. costs and costs of operation,
AGENCY: Internal Revenue Service (IRS), Current Actions: There are no changes maintenance, and purchase of services
Treasury. being made to Form 720X at this time. to provide information.
ACTION: Notice and request for Type of Review: Extension of a
currently approved collection. Approved: November 28, 2017.
comments. L. Brimmer,
Affected Public: Businesses or other
SUMMARY: The Internal Revenue Service, for-profit organizations. Senior Tax Analyst.
as part of its continuing effort to reduce Estimated Number of Responses: [FR Doc. 2017–26177 Filed 12–4–17; 8:45 am]
paperwork and respondent burden, 22,000. BILLING CODE 4830–01–P
sradovich on DSK3GMQ082PROD with NOTICES

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Document Created: 2017-12-04 23:45:41
Document Modified: 2017-12-04 23:45:41

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 February 5, 2018 to be assured of consideration.
Contact		Requests for additional information or copies of the form and instructions should be directed to Sara Covington, (202) 317-6038, Internal Revenue Service, Room 6526, 1111 Constitution Avenue NW., Washington, DC 20224, or through the internet at [email protected]
FR Citation		82 FR 57529

82 FR 57529 - Proposed Collection; Comment Request for Form 720X

DEPARTMENT OF THE TREASURYInternal Revenue Service

Federal Register Volume 82, Issue 232 (December 5, 2017)

DEPARTMENT OF THE TREASURY
Internal Revenue Service