21700 Federal Register / Vol. 87, No. 70 / Tuesday, April 12, 2022 / Notices 

unless the collection of information 

displays a valid OMB control number. 

Books or records relating to a collection 

of information must be retained if 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: April 6, 2022. 

Kerry L. Dennis, 

Tax Analyst. 

[FR Doc. 2022–07773 Filed 4–11–22; 8:45 am] 

BILLING CODE 4830–01–P 

DEPARTMENT OF THE TREASURY 

Internal Revenue Service 

Proposed Collection; Comment 

Request for Regulation Project 

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 continuing 

information collections, as required by 

the Paperwork Reduction Act of 1995. 

The IRS is soliciting comments 

concerning changes in corporate control 

and capital structure. 

DATES: Written comments should be 

received on or before June 13, 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 or 

by email to omb.unit@irs.gov. Please 

include the ‘‘OMB Number 1545–1814’’ 

in the Subject Line. 

FOR FURTHER INFORMATION CONTACT: 

Requests for additional information or 

copies of the form should be directed to 

Sara Covington, at (202) 317–4542, or 

Internal Revenue Service, Room 6526, 

1111 Constitution Avenue NW, 

Washington DC 20224, or through the 

internet, at Sara.L.Covington@irs.gov. 

SUPPLEMENTARY INFORMATION: 

Title: Changes in Corporate Control 

and Capital Structure. 

OMB Number: 1545–1814. 

Form Number: 1099–CAP. 

Abstract: A corporation whose control 

was acquired or who underwent a 

substantial change in capital structure 

uses Form 1099–CAP if it determines 

the shareholders may have to recognize 

gain from the cash, stock, or other 

property they received in exchange for 

the corporation’s stock. 

Current Actions: There are no changes 

being made to the form at this time. 

However, the agency is updating the 

estimated number of responses based on 

the most recent filing data. 

Type of Review: Revision of a 

currently approved collection. 

Affected Public: Business or other forprofit organizations, and individuals. 

Estimated Number of Respondents: 

114. 

Estimated Time per Respondent: 11 

minutes. 

Estimated Total Annual Burden 

Hours: 21 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. 

Approved: April 5, 2022. 

Sara Covington, 

IRS Tax Analyst. 

[FR Doc. 2022–07740 Filed 4–11–22; 8:45 am] 

BILLING CODE 4830–01–P 

DEPARTMENT OF THE TREASURY 

Internal Revenue Service 

Proposed Collection; Comment 

Request on Information Collection for 

Form 8886, Reportable Transaction 

Disclosure Statement; Form 14234, 

Compliance Assurance Process (CAP) 

Application and (Attachments: A, B, C, 

D) 

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 information 

collections, as required by the 

Paperwork Reduction Act of 1995. The 

IRS is soliciting comments concerning 

Form 8886, Reportable Transaction 

Disclosure Statement and Form 14234, 

Compliance Assurance Process (CAP) 

Application and Attachments (A, B, C, 

D). 

DATES: Written comments should be 

received on or before June 13, 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 or 

by email to omb.unit@irs.gov. Please 

reference the information collection’s 

‘‘OMB number 1545–1800’’ in the 

Subject line. 

FOR FURTHER INFORMATION CONTACT: 

Requests for additional information or 

copies of the collection tools should be 

directed to Sara Covington, (202) 317– 

4542, at Internal Revenue Service, Room 

6526, 1111 Constitution Avenue NW, 

Washington, DC 20224, or through the 

internet at Sara.L.Covington@irs.gov. 


khammond on DSKJM1Z7X2PROD with NOTICES
Federal Register / Vol. 87, No. 70 / Tuesday, April 12, 2022 / Notices 21701 

SUPPLEMENTARY INFORMATION: The IRS is 

seeking comments concerning the 

following information collection tools, 

reporting, and record-keeping 

requirements: 

Titles: Reportable Transaction 

Disclosure Statement; and Compliance 

Assurance Process (CAP) Application 

and (Attachments A, B, C, D). 

OMB Number: 1545–1800 

Form Numbers: 8886 and 14234. 

Current Actions: There are no changes 

to the forms at this time. However, the 

agency updated the estimated number of 

responses, based on the most recent 

filing data. 

Type of Review: Extension of a 

currently approved collection. 

Affected Public: Business or other forprofit organizations. 

Taxpayer Burden: 

Form 8886: 

Estimated Number of Respondents: 

21,353. 

Estimated Time per Respondent: 21 

hours 33 minutes. 

Estimated Total Annual Burden 

Hours: 459,944. 

Form 14234: 

Estimated Number of Respondents: 

125. 

Estimated Time per Response: 12 

hours 40 minutes. 

Estimated Total Annual Burden 

Hours: 1,584. 

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: April 6, 2022. 

Sara L. Covington, 

IRS Tax Analyst. 

[FR Doc. 2022–07738 Filed 4–11–22; 8:45 am] 

BILLING CODE 4830–01–P 

DEPARTMENT OF THE TREASURY 

Internal Revenue Service 

Proposed Collection; Comment 

Request for Form 4972 

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 information 

collections, as required by the 

Paperwork Reduction Act of 1995. The 

IRS is soliciting comments concerning 

Form 4972, Tax on Lump-Sum 

Distributions (From Qualified Plans of 

Participants Born Before January 2, 

1936). 

DATES: Written comments should be 

received on or before June 13, 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 or 

by email to omb.unit@irs.gov. 

Please include the ‘‘OMB Number 

1545–0193’’ in the Subject Line. 

FOR FURTHER INFORMATION CONTACT: 

Requests for additional information or 

copies of the form and instructions 

should be directed to Sara Covington, at 

Internal Revenue Service, room 6526, 

1111 Constitution Avenue NW, 

Washington, DC 20224, or at (202) 317– 

4542, or through the internet at 

Sara.L.Covington@irs.gov. 

SUPPLEMENTARY INFORMATION: 

Title: Tax on Lump-Sum Distributions 

(From Qualified Plans of Participants 

Born Before January 2, 1936). 

OMB Number: 1545–0193. 

Form Number: Form 4972. 

Abstract: Form 4972 is used to figure 

the tax on a qualified lump-sum 

distribution you received in the tax year 

using the 20 percent capital gain 

election, the 10-year tax option, or both. 

These are special formulas used to 

figure a separate tax on the distribution 

that may result in a smaller tax than if 

you reported the taxable amount of the 

distribution as ordinary income. 

Current Actions: There are no changes 

being made to the form at this time. 

Type of Review: Extension of a 

currently approved collection. 

Affected Public: Individuals or 

households. 

Estimated Number of Responses: 

5,601. 

Estimated Time per Respondent: 4 

hrs. 24 min. 

Estimated Total Annual Burden 

Hours: 24,644. 

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: April 05, 2022. 

Sara L. Covington, 

IRS Tax Analyst. 

[FR Doc. 2022–07739 Filed 4–11–22; 8:45 am] 

BILLING CODE 4830–01–P 


khammond on DSKJM1Z7X2PROD with NOTICES