Third-Party Disclosure Requirements in the IRS Regulations

Forms and Documents

Document Name	Status
Supporting Statement Q12 and Q15 Burden List-Final.pdf Supplementary Document	2018-09-20
2018-10-01_SS_1545-1466rCD.doc Supporting Statement A	2018-10-01

IC Document Collections

IC ID	Document Title	Status
18402	Third-Party Disclosure Requirements in IRS Regulations	Modified

ICR Details

OMB Control No: 1545-1466	ICR Reference No: 201809-1545-008
Status: Active	Previous ICR Reference No: 201503-1545-025
Agency/Subagency: TREAS/IRS	Agency Tracking No:
Title: Third-Party Disclosure Requirements in the IRS Regulations
Type of Information Collection: Revision of a currently approved collection	Common Form ICR:  No
Type of Review Request: Regular
OIRA Conclusion Action: Approved without change	Conclusion Date: 01/28/2019
	Date Received in OIRA: 10/30/2018
Terms of Clearance:

	Inventory as of this Action	Requested	Previously Approved
Expiration Date	01/31/2022	36 Months From Approved	12/31/2018
Responses	130,727,849	0	307,064,630
Time Burden (Hours)	33,931,750	0	68,885,183
Cost Burden (Dollars)	0	0	0

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Abstract: Taxpayers must obtain third-party certification or documentation to avail themselves of certain credits, deductions or other benefits permitted by the Internal Revenue Code. Taxpayers will use these documents or information to support claims for certain credits, deductions or tax benefits on their returns. The Service may review these documents or information during any examination of taxpayers’ returns to verify the taxpayers’ entitlement to the claimed credits, deductions or tax benefits. This submission contains third-party disclosure regulations subject to the Paperwork Reduction Act of 1995.

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Authorizing Statute(s): US Code: 26 USC 103 Name of Law: Interest on state and local bonds.
   US Code: 26 USC 401 Name of Law: Qualified pension, profit-sharing, and stock bonus plans.
   US Code: 26 USC 6031 Name of Law: Return of partnership income
   US Code: 26 USC 4261 Name of Law: Imposition of tax
   US Code: 26 USC 457 Name of Law: Deferred compensation plans of State and local governments and tax-exempt organizations.
   US Code: 26 USC 411 Name of Law: Minimum vesting standards
   US Code: 26 USC 408 Name of Law: Individual retirement accounts
   US Code: 26 USC 163 Name of Law: Interest
   US Code: 26 USC 25 Name of Law: Interest on certain home mortgages
   US Code: 26 USC 83 Name of Law: Property transferred in connection with performance of services
  

Citations for New Statutory Requirements: None

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Associated Rulemaking Information
RIN:	Stage of Rulemaking:	Federal Register Citation:	Date:
	Not associated with rulemaking

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Federal Register Notices & Comments
60-day Notice:	Federal Register Citation:	Citation Date:
	83 FR 28488	06/19/2018
30-day Notice:	Federal Register Citation:	Citation Date:
	83 FR 54653	10/30/2018
Did the Agency receive public comments on this ICR? No

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Number of Information Collection (IC) in this ICR: 1

IC Title	Form No.	Form Name
Third-Party Disclosure Requirements in IRS Regulations

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ICR Summary of Burden

	Total Approved	Previously Approved	Change Due to New Statute	Change Due to Agency Discretion	Change Due to Adjustment in Estimate	Change Due to Potential Violation of the PRA
Annual Number of Responses	130,727,849	307,064,630	0	-176,336,781	0	0
Annual Time Burden (Hours)	33,931,750	68,885,183	0	-34,953,433	0	0
Annual Cost Burden (Dollars)	0	0	0	0	0	0

Burden increases because of Program Change due to Agency Discretion: No

Burden Increase Due to:

Burden decreases because of Program Change due to Agency Discretion: Yes

Burden Reduction Due to: Cutting Redundancy

Short Statement: For regulations with a specific Form # and corresponding OMB #, the number of recordkeepers, responses, and burden hours reported under that OMB # were removed from this collection's burden total to avoid duplication. Additionally, an infrequent number of regulations were discovered to be inactive or listed twice in the burden computation and its corresponding burden figures were removed as well.

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Annual Cost to Federal Government: $0

Does this IC contain surveys, censuses, or employ statistical methods? No

Does this ICR request any personally identifiable information (see OMB Circular No. A-130 for an explanation of this term)? Please consult with your agency's privacy program when making this determination.     No

Does this ICR include a form that requires a Privacy Act Statement (see 5 U.S.C. §552a(e)(3))? Please consult with your agency's privacy program when making this determination.     No

Is this ICR related to the Affordable Care Act [Pub. L. 111-148 & 111-152]? No

Is this ICR related to the Dodd-Frank Wall Street Reform and Consumer Protection Act, [Pub. L. 111-203]? No

Is this ICR related to the American Recovery and Reinvestment Act of 2009 (ARRA)? No

Is this ICR related to the Pandemic Response? Uncollected

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Common Form ICR:  No

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On behalf of this Federal agency, I certify that the collection of information encompassed by this request complies with 5 CFR 1320.9 and the related provisions of 5 CFR 1320.8(b)(3).

The following is a summary of the topics, regarding the proposed collection of information, that the certification covers:

(a) It is necessary for the proper performance of agency functions;

(b) It avoids unnecessary duplication;

(c) It reduces burden on small entities;

(d) It uses plain, coherent, and unambiguous language that is understandable to respondents;

(e) Its implementation will be consistent and compatible with current reporting and recordkeeping practices;

(f) It indicates the retention periods for recordkeeping requirements;

(g) It informs respondents of the information called for under 5 CFR 1320.8 (b)(3) about:

(i) Why the information is being collected;

(ii) Use of information;

(iii) Burden estimate;

(iv) Nature of response (voluntary, required for a benefit, or mandatory);

(v) Nature and extent of confidentiality; and

(vi) Need to display currently valid OMB control number;

(h) It was developed by an office that has planned and allocated resources for the efficient and effective management and use of the information to be collected.

(i) It uses effective and efficient statistical survey methodology (if applicable); and

(j) It makes appropriate use of information technology.

If you are unable to certify compliance with any of these provisions, identify the item by leaving the box unchecked and explain the reason in the Supporting Statement.

Certification Date: 10/30/2018

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