[Federal Register Volume 77, Number 179 (Friday, September 14, 2012)]
[Notices]
[Pages 56912-56913]
From the Federal Register Online via the Government Publishing Office [www.gpo.gov]
[FR Doc No: 2012-22625]
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DEPARTMENT OF THE TREASURY
Internal Revenue Service
Proposed Collection; Comment Request for Form 2438
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 2438, Undistributed Capital Gains Tax Return; Revenue Procedure
97-29, Model Amendments and Prototype Program for SIMPLE IRAs; Revenue
Procedure 2006-30, Restaurant Tips--Attributed Tip Income Program
(ATIP); and Form 13768, Electronic Tax Administration Advisory
Committee Membership Application.
DATES: Written comments should be received on or before November 13,
2012 to be assured of consideration.
ADDRESSES: Direct all written comments to Yvette Lawrence, Internal
Revenue Service, room 6129, 1111 Constitution Avenue NW., Washington,
DC 20224. Please send separate comments for each specific information
collection listed below. You must reference the information
collection's title, form number, reporting or record-keeping
requirement number, and OMB number (if any) in your comment.
FOR FURTHER INFORMATION CONTACT: Requests for additional information or
copies of the collection tools should be directed to R. Joseph Durbala,
Internal Revenue Service, room 6129, 1111 Constitution Avenue NW.,
Washington, DC 20224, or at (202) 622-3634, or through the Internet at
[email protected].
SUPPLEMENTARY INFORMATION: Currently, the IRS is seeking comments
concerning the following information collection tools, reporting, and
record-keeping requirements:
(1) Title: Undistributed Capital Gains Tax Return.
OMB Number: 1545-0144.
Form Number: 2438.
Abstract: Form 2438 is used by regulated investment companies to
compute capital gains tax on undistributed capital gains designated
under Internal Revenue Code section 852(b)(3)(D). The IRS uses this
information to determine the correct tax.
Current Actions: There are no changes to the previously approved
burden of this existing collection.
Type of Review: Extension of a currently approved collection.
Affected Public: Business or other for-profit organizations.
Estimated Number of Respondents: 100.
Estimated Time per Respondent: 9 hrs., 46 mins.
Estimated Total Annual Burden Hours: 976.
(2) Title: Model Amendments and Prototype Program for SIMPLE IRAs.
OMB Number: 1545-1543.
Form Number: Revenue Procedure 97-29.
Abstract: This revenue procedure (1) provides a model amendment
that may be used, prior to January 1, 1999, by a sponsor of a prototype
individual retirement account or annuity (IRA) to establish a SIMPLE
IRA (an IRA designed to accept contributions under a SIMPLE IRA Plan
described in Sec. 408(p)) of the Internal Revenue Code; (2) provides
guidance on obtaining opinion letters to drafters of prototype SIMPLE
IRAs; (3) provides permissive amendments to sponsors of nonSIMPLE
IRAs;(4) announces the opening of a program for prototype SIMPLE IRA
Plans; and (5) provides transitional relief for users of SIMPLE IRAs
and SIMPLE IRA Plans that have not been approved by the Internal
Revenue Service.
Current Actions: There are no changes being made to the revenue
procedure at this time.
Type of Review: Extension of a currently approved collection.
Affected Public: Business or other for-profit organizations, and
not-for-profit institutions.
Estimated Number of Respondents: 3,205.
Estimated Total Annual Reporting Burden Hours: 25,870.
(3) Title: Restaurant Tips--Attributed Tip Income Program (ATIP).
OMB Number: 1545-2005.
Form Number: Revenue Procedure 2006-30.
Abstract: This revenue procedure sets forth the requirements for
participating in the Attributed Tip Income Program (ATIP). ATIP
provides benefits to employers and employees similar to those offered
under previous tip reporting agreements without requiring one-on-one
meetings with the Service to determine tip rates or eligibility.
Current Actions: There is no change in the paperwork burden
previously approved by OMB.
Type of Review: Extension of a currently approved collection.
Affected Public: Businesses and other for-profit organizations,
farms.
Estimated Number of Respondents: 610.
Estimated Time per Respondent: 10 hours.
Estimated Total Annual Burden Hours: 6,100.
[[Page 56913]]
(4) Title: Electronic Tax Administration Advisory Committee
Membership Application.
OMB Number: 1545-2231.
Form Number: Form 13768.
Abstract: The Internal Revenue Service Restructuring and Reform Act
of 1998 (RRA 98) authorized the creation of the Electronic Tax
Administration Advisory Committee (ETAAC). ETAAC has a primary duty of
providing input to the Internal Revenue Service (IRS) on its strategic
plan for electronic tax administration. Accordingly, ETAAC's
responsibilities involve researching, analyzing and making
recommendations on a wide range of electronic tax administration
issues.
ETAAC members convey the public's perception of the IRS electronic
tax administration activities, offer constructive observations about
current or proposed policies, programs, and procedures, and suggest
improvements.
Current Actions: There is no change in the paperwork burden
previously approved by OMB.
Type of Review: Extension of a currently approved collection.
Affected Public: Businesses and other for-profit organizations.
Estimated Number of Respondents: 500.
Estimated Time per Respondent: 1 hour.
Estimated Total Annual Burden Hours: 500.
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: September 7, 2012.
Yvette Lawrence,
IRS Reports Clearance Officer.
[FR Doc. 2012-22625 Filed 9-13-12; 8:45 am]
BILLING CODE 4830-01-P