81990 Federal Register / Vol. 89, No. 196 / Wednesday, October 9, 2024 / Notices 

Service, Room 6526, 1111 Constitution 

Avenue NW, Washington, DC 20224, or 

by email to pra.comments@irs.gov. 

Include OMB Control No. 1545–2281 in 

the subject line of the message. 

FOR FURTHER INFORMATION CONTACT: 

Requests for additional information or 

copies of this collection should be 

directed to Jason Schoonmaker, (801) 

620–2128, at Internal Revenue Service, 

Room 6526, 1111 Constitution Avenue 

NW, Washington, DC 20224, or through 

the internet at jason.m.schoonmaker@

irs.gov. 

SUPPLEMENTARY INFORMATION: The IRS is 

currently seeking comments concerning 

the following information collection 

tools, reporting, and record-keeping 

requirements: 

Title: Information Reporting for 

Certain Life Insurance Contract 

Transactions. 

OMB Number: 1545–2281. 

Form Number: Forms 1099–LS and 

1099–SB. 

Abstract: The collection covers the 

information reporting requirements for 

certain life insurance contracts under 

IRC 6050Y, which was added by the Tax 

Cuts and Jobs Act (TCJA). Form 1099– 

LS is used by the acquirer of any 

interest in a life insurance contract (also 

known as a life insurance policy) in a 

reportable policy sale to report the 

acquisition. Form 1099–SB is used by 

the issuer of a life insurance contract 

(also known as a life insurance policy) 

to report the seller’s investment in the 

contract and surrender amount with 

respect to an interest in a life insurance 

contract transferred in a ‘‘reportable 

policy sale’’ or transferred to a foreign 

person. 

Current Actions: There is no change to 

the burden previously approved. 

Type of Review: Extension of a 

currently approved collection. 

Affected Public: Businesses or other 

for-profits. 

Estimated Number of Responses: 

13,100. 

Estimated Time per Respondent: 7 

min. 

Estimated Total Annual Burden 

Hours: 1,572. 

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. 

Dated: October 4, 2024. 

Jason M. Schoonmaker, 

Tax Analyst. 

[FR Doc. 2024–23394 Filed 10–8–24; 8:45 am] 

BILLING CODE 4830–01–P 

DEPARTMENT OF THE TREASURY 

Internal Revenue Service 

Open Meeting of the Taxpayer 

Advocacy Panel’s Notices and 

Correspondence Project Committee 

AGENCY: Internal Revenue Service (IRS) 

Treasury. 

ACTION: Notice of meeting. 

SUMMARY: An open meeting of the 

Taxpayer Advocacy Panel’s Notices and 

Correspondence Project Committee will 

be conducted. The Taxpayer Advocacy 

Panel is soliciting public comments, 

ideas, and suggestions on improving 

customer service at the Internal Revenue 

Service. This meeting will be held via 

teleconference. 

DATES: The meeting will be held 

Tuesday, November 12, 2024. 

FOR FURTHER INFORMATION CONTACT: 

Robert Rosalia at 1–888–912–1227 or 

(718) 834–2203. 

SUPPLEMENTARY INFORMATION: Notice is 

hereby given pursuant to section 

10(a)(2) of the Federal Advisory 

Committee Act, 5 U.S.C. app. (1988) that 

an open meeting of the Taxpayer 

Advocacy Panel’s Notices and 

Correspondence Project Committee will 

be held Tuesday, November 12, 2024, at 

11:00 a.m. Eastern Time. The public is 

invited to make oral comments or 

submit written statements for 

consideration. Due to limited time and 

structure of meeting, notification of 

intent to participate must be made with 

Robert Rosalia. For more information, 

please contact Robert Rosalia at 1–888– 

912–1227 or (718) 834–2203, or write 

TAP Office, 2 Metrotech Center, 100 

Myrtle Avenue, Brooklyn, NY 11201 or 

contact us at the website: http://

www.improveirs.org. The agenda will 

include TAP 2024 committee project 

focus areas. 

Dated: October 1, 2024. 

Shawn Collins, 

Director, Taxpayer Advocacy Panel. 

[FR Doc. 2024–23307 Filed 10–8–24; 8:45 am] 

BILLING CODE 4830–01–P 

DEPARTMENT OF THE TREASURY 

Internal Revenue Service 

Open meeting of the Taxpayer 

Advocacy Panel’s Toll-Free Phone 

Lines Project Committee 

AGENCY: Internal Revenue Service (IRS), 

Treasury. 

ACTION: Notice of meeting. 

SUMMARY: An open meeting of the 

Taxpayer Advocacy Panel’s Toll-Free 

Phone Lines Project Committee will be 

conducted. The Taxpayer Advocacy 

Panel is soliciting public comments, 

ideas, and suggestions on improving 

customer service at the Internal Revenue 

Service. This meeting will be held via 

teleconference. 

DATES: The meeting will be held 

Thursday, November 14, 2024. 

FOR FURTHER INFORMATION CONTACT: 

Kelvin Johnson at 1–888–912–1227 or 

504–202–9679. 

SUPPLEMENTARY INFORMATION: Notice is 

hereby given pursuant to Section 

10(a)(2) of the Federal Advisory 

Committee Act, 5 U.S.C. App. (1988) 

that an open meeting of the Taxpayer 

Advocacy Panel Toll-Free Phone Lines 

Project Committee will be held 

Thursday, November 14, 2024, at 4:00 

p.m. Eastern Time. The public is invited 

to make oral comments or submit 

written statements for consideration. 

Due to limited time and structure of 

meeting, notification of intent to 

participate must be made with Kelvin 

Johnson. For more information, please 

contact Kelvin Johnson at 1–888–912– 

1227 or 504–202–9679, or write TAP 

Office, 1555 Poydras Street, Suite 12 

New Orleans, LA 70112 or contact us at 

the website: http://www.improveirs.org. 

The agenda will include TAP 2024 

committee project focus areas. 


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