1006 Federal Register / Vol. 87, No. 5 / Friday, January 7, 2022 / Notices 

Current Actions: There are no changes 

being made to Form 2290 and Form 

2290/SP at this time. 

Type of Review: Extension of a current 

OMB approval. 

Affected Public: Individuals or 

households. 

Form 2290: 

Estimated Number of Respondents: 

514,098. 

Estimated Time per Respondent: 42 

hours, 52 minutes. 

Estimated Total Annual Burden 

Hours: 22,034,241. 

Form 2290/SP: 

Estimated Number of Respondents: 

40,000. 

Estimated Time per Respondent: 42 

hours, 52 minutes. 

Estimated Total Annual Burden 

Hours: 1,714,400. 

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: January 4, 2022. 

Sara L. Covington, 

IRS Tax Analyst. 

[FR Doc. 2022–00122 Filed 1–6–22; 8:45 am] 

BILLING CODE 4830–01–P 

DEPARTMENT OF THE TREASURY 

Internal Revenue Service 

Proposed Collection; Requesting 

Comments on Section 6708, Failure To 

Maintain List of Advisees With Respect 

to Reportable Transactions 

AGENCY: Internal Revenue Service (IRS), 

Treasury. 

ACTION: Notice and request for 

comments. 

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 the collection of 

information in Treasury Decision (TD) 

9764, Section 6708 Failure to Maintain 

List of Advisees with Respect to 

Reportable Transactions. 

DATES: Written comments should be 

received on or before March 8, 2022 to 

be assured of consideration. 

ADDRESSES: Direct all written comments 

to Andres Garcia, Internal Revenue 

Service, Room 6526, 1111 Constitution 

Avenue NW, Washington, DC 20224. 

You must reference the information 

collection’s title, form number, 

reporting or record-keeping requirement 

number, and OMB number in your 

comment. 

FOR FURTHER INFORMATION CONTACT: 

Requests for additional information 

should be directed to Jon Callahan, 

(737) 800–7639, at Internal Revenue 

Service, Room 6526, 1111 Constitution 

Avenue NW, Washington, DC 20224, or 

through the internet at jon.r.callahan@

irs.gov. 

SUPPLEMENTARY INFORMATION: The IRS is 

currently seeking comments concerning 

the following information collection 

tools, reporting, and record-keeping 

requirements: 

Title: Section 6708, Failure to 

Maintain List of Advisees with Respect 

to Reportable Transactions. 

OMB Number: 1545–2245. 

Regulation Project Number: TD 9764. 

Abstract: This document contains 

final regulations relating to the penalty 

under Internal Revenue Code (IRC) 

section 6708 for failing to make 

available lists of advisees with respect 

to reportable transactions. IRC section 

6708 imposes a penalty upon material 

advisors for failing to make available to 

the Secretary, upon written request, the 

list required to be maintained by IRC 

section 6112 within 20 business days 

after the date of such request. Treasury 

Regulations section 301.6708–1(c)(3)(ii) 

requires a material advisor requesting an 

extension of the 20-business-day period 

to provide certain information to the IRS 

to grant the extension. The final 

regulations primarily affect individuals 

and entities who are material advisors, 

as defined in IRC section 6111. 

Current Actions: There is a change to 

the existing collection: The estimated 

number of responses was updated to 

eliminate duplication of the burden 

associated with business respondents 

captured under OMB control number 

1545–0123. 

Type of Review: Extension of a 

currently approved collection. 

Affected Public: Individuals, Estates, 

and Trusts. 

Estimated Number of Responses: 5. 

Estimated Time per Respondent: 8 

hours. 

Estimated Total Annual Burden 

Hours: 40 hours. 

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. 


tkelley on DSK125TN23PROD with NOTICE 
Federal Register / Vol. 87, No. 5 / Friday, January 7, 2022 / Notices 1007 

Approved: January 4, 2022. 

Jon R. Callahan, 

Tax Analyst. 

[FR Doc. 2022–00106 Filed 1–6–22; 8:45 am] 

BILLING CODE 4830–01–P 

DEPARTMENT OF VETERANS 

AFFAIRS 

Privacy Act of 1974; System of 

Records 

AGENCY: Office of Small & 

Disadvantaged Business Utilization 

(OSDBU), Department of Veterans 

Affairs (VA). 

ACTION: Notice of a modified system of 

records. 

SUMMARY: The purpose of this modified 

system of record is to combine SORN 

132VAOSDBU with this SORN, 

181VAOSDBU, to reflect the merging of 

the system interfaces. The combined 

system’s purpose is fourfold: To gather 

and maintain information on small 

businesses owned and controlled by 

Veterans, including service-disabled 

Veterans; provide VA personnel with 

access to resources that allow them to 

perform market research upon Veteran 

Owned Small Businesses (VOSBs) and 

Service-Disabled Veteran Owned Small 

Businesses (SDVOSBs); provide a 

platform for registration and 

announcement of Direct Access Program 

(DAP) events; and allow Federal, State, 

and local government personnel and the 

general public, including private sector 

companies and corporate entities, the 

ability to locate potential Veteran 

entrepreneur resources through searches 

of the Vendor Information Pages (VIP). 

This combined system provides the 

mechanism that enables Veteran owned 

businesses to compete effectively for 

Federal contracts. It also provides the 

Office of Small & Disadvantaged 

Business Utilization (OSDBU) with the 

data and reports needed to manage their 

responsibilities under the Veterans 

Entrepreneurship and Small Business 

Development Act of 1999, as amended. 

VA personnel may utilize the VIP 

database to counsel and assist Veteran 

entrepreneurs in starting a small 

business or expanding an existing small 

business. 

DATES: Comments on this modified 

system of records must be received no 

later than 30 days after date of 

publication in the Federal Register. If 

no public comment is received during 

the period allowed for comment or 

unless otherwise published in the 

Federal Register by VA, the modified 

system of records will become effective 

a minimum of 30 days after date of 

publication in the Federal Register. If 

VA receives public comments, VA shall 

review the comments to determine 

whether any changes to the notice are 

necessary. 

ADDRESSES: Comments may be 

submitted through www.regulations.gov 

or mailed to VA Privacy Service, 810 

Vermont Ave. NW, (005R1A), 

Washington, DC 20420. Comments 

should indicate that they are submitted 

in response to Center for Verification 

and Evaluation (CVE) VA VetBiz Vendor 

Information Pages (VIP) 

(181VAOSDBU). Comments received 

will be available at regulations.gov for 

public viewing, inspection or copies. 

FOR FURTHER INFORMATION CONTACT: For 

general questions about the system 

contact Renetta Bradford at Office of 

Small & Disadvantaged Business 

Utilization at 810 I Street NW, 

Washington, DC 20420, osdbuexeccorr@

va.gov and (202) 461–4600. 

SUPPLEMENTARY INFORMATION: OSDBU 

provides numerous services for Veterans 

and service-disabled Veterans who seek 

to open or expand a business. The 

OSDBU staff coordinates the tasks 

required of the U.S. Department of 

Veterans Affairs by several Federal laws, 

including: 

• Public Law 108–183 (December 

2003), the Veterans Benefits Act of 2003, 

Sections 301, 305, 308. 

• Public Law 106–554 (December 

2000), Sections 803 and 808. 

• Public Law 106–50 (August 1999), 

the Veterans Entrepreneurship and 

Small Business Development Act of 

1999. 

• Public Law 105–135 (December 

1997), Title VII, Service-Disabled 

Veterans Program. 

• Public Law 93–237 (January 1974), 

‘‘Special Consideration for Veterans’’. 

Public Law 106–50, Section 302, 

Entrepreneurial Assistance, subsection 

(5) requires VA to support the 

‘‘establishment of an information 

clearinghouse to collect and distribute 

information, including electronic 

means, on the assistance programs of 

Federal, state, and local governments, 

and of the private sector, including 

information on office locations, key 

personnel, telephone numbers, mailing 

and email addresses, and contracting 

and sub-contracting opportunities.’’ 

The parts of the Veterans Benefits Act 

of 2003 (Pub. L. 108–183) that pertain to 

Veteran entrepreneurship are contained 

in Title III—Education Benefits, 

Employment Provisions, and Related 

Matters. They are as follows: 

• Section 301—Expands the 

Montgomery GI Bill program by 

authorizing educational assistance for 

on-job training in certain selfemployment training programs. 

• Section 305—Authorizes the use of 

VA education benefits to pay for 

nondegree/non-credit entrepreneurship 

courses at approved institutions: 

Æ Small Business Development 

Centers, and 

Æ National Veterans Business 

Development Corporation (also known 

as Veterans Corporation). 

• Section 308—Furnishes Federal 

agencies discretionary authority to: 

Æ Restrict certain contracts to 

disabled Veteran-owned small 

businesses if at least two such concerns 

are qualified to bid on the contract, and 

Æ Create ‘‘sole-source’’ contracts for 

disabled Veteran-owned small 

businesses—up to $5 million for 

manufacturing contract awards and up 

to $3 million for nonmanufacturing 

contract awards. 

A Web-based application allows 

Governmental and support sector 

organizations to ‘‘register’’ their 

services. This clearinghouse enables any 

user to search for business support 

services at the Federal, State, and local 

government levels and private providers 

in their respective category of business 

development, management, financial, 

technical or procurement assistance. 

The site allows support organizations 

to update their business information 

and give the Department the ability to 

upload data from other sources to 

populate the proposed database. Contact 

information is kept as well as a means 

to extract this information to satisfy the 

Department’s need to send out 

information. 

The Center for Verification and 

Evaluation (CVE) operates and 

maintains the Department of Veterans 

Affairs (VA), CVE VetBiz Vendor 

Information Pages (VIP)—VA. This 

system enables VA to maintain and 

access an automated database 

containing the information on Veteran 

owned businesses resources set forth in 

the law (section 302, paragraph (5) and 

section 604, paragraph (b)). Because 

some information may be retrieved by 

the name or other personal identifiers of 

individuals acting in an entrepreneurial 

capacity, such as a sole proprietor of a 

small business, VA is using this system 

of records. 

The information in this system is 

maintained in electronic form. The 

information in these records are 

available to government agencies, 

companies, and the general public via 

the internet. 

The solution uses a combination of 

commercial off-the-shelf software 

(COTS) and cloud-based applications. 

These COTS and Cloud products 


tkelley on DSK125TN23PROD with NOTICE