78 FR 145 pg. 45616 - Proposed Collection; Comment Request for Form 8960
Type: NOTICEVolume: 78Number: 145Page: 45616
Page: 45616FR document: [FR Doc. 2013-18187 Filed 7-26-13; 8:45 am]
Agency: Treasury Department
Sub Agency: Internal Revenue Service
Official PDF Version: PDF Version
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DEPARTMENT OF THE TREASURY
Internal Revenue Service
Proposed Collection; Comment Request for Form 8960
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, Public Law 104-13 (44 U.S.C. 3506(c)(2)(A)). Currently, the IRS is soliciting comments concerning Form 8960, Net Investment Income Tax-Individuals, Estates, and Trusts.
DATES:
Written comments should be received on or before September 27, 2013 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.
FOR FURTHER INFORMATION CONTACT:
Requests for additional information or copies of the form and instructions should be directed to R. Joseph Durbala, (202) 622-3634, at Internal Revenue Service, room 6129, 1111 Constitution Avenue NW., Washington, DC 20224, or through the Internet at RJoseph.Durbala@irs.gov.
SUPPLEMENTARY INFORMATION:
Title: Net Investment Income Tax-Individuals, Estates, and Trusts.
OMB Number: 1545-2227.
Form Number: Form 8960.
Abstract: Form 8960 is a new dual purpose tax form that allows certain individuals (via Form 1040), and estates and trusts (via Form 1041), to compute a 3.8% tax which will be reported on Form 1040 or Form 1041.
Current Actions: Form 8960 is a new tax form. This form is being submitted for OMB approval purposes only.
Type of Review: Revision to Previously Approved IC.
Affected Public: Individuals or households, Business or other for-profit, and Farms.
Estimated Number of Respondents: 220,000.
Estimated Time per Respondent: 36 minutes.
Estimated Total Annual Burden Hours: 134,200.
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: July 23, 2013.
Yvette Lawrence,
IRS Reports Clearance Officer.
[FR Doc. 2013-18187 Filed 7-26-13; 8:45 am]
BILLING CODE 4830-01-P