[Federal Register Volume 77, Number 179 (Friday, September 14, 2012)]
[Notices]
[Pages 56912-56913]
From the Federal Register Online via the Government Publishing Office [www.gpo.gov]
[FR Doc No: 2012-22625]


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DEPARTMENT OF THE TREASURY

Internal Revenue Service


Proposed Collection; Comment Request for Form 2438

AGENCY: Internal Revenue Service (IRS), Treasury.

ACTION: Notice and request for comments.

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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 2438, Undistributed Capital Gains Tax Return; Revenue Procedure 
97-29, Model Amendments and Prototype Program for SIMPLE IRAs; Revenue 
Procedure 2006-30, Restaurant Tips--Attributed Tip Income Program 
(ATIP); and Form 13768, Electronic Tax Administration Advisory 
Committee Membership Application.

DATES: Written comments should be received on or before November 13, 
2012 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. Please send separate comments for each specific information 
collection listed below. You must reference the information 
collection's title, form number, reporting or record-keeping 
requirement number, and OMB number (if any) in your comment.

FOR FURTHER INFORMATION CONTACT: Requests for additional information or 
copies of the collection tools should be directed to R. Joseph Durbala, 
Internal Revenue Service, room 6129, 1111 Constitution Avenue NW., 
Washington, DC 20224, or at (202) 622-3634, or through the Internet at 
[email protected].

SUPPLEMENTARY INFORMATION:  Currently, the IRS is seeking comments 
concerning the following information collection tools, reporting, and 
record-keeping requirements:
    (1) Title: Undistributed Capital Gains Tax Return.
    OMB Number: 1545-0144.
    Form Number: 2438.
    Abstract: Form 2438 is used by regulated investment companies to 
compute capital gains tax on undistributed capital gains designated 
under Internal Revenue Code section 852(b)(3)(D). The IRS uses this 
information to determine the correct tax.
    Current Actions: There are no changes to the previously approved 
burden of this existing collection.
    Type of Review: Extension of a currently approved collection.
    Affected Public: Business or other for-profit organizations.
    Estimated Number of Respondents: 100.
    Estimated Time per Respondent: 9 hrs., 46 mins.
    Estimated Total Annual Burden Hours: 976.
    (2) Title: Model Amendments and Prototype Program for SIMPLE IRAs.
    OMB Number: 1545-1543.
    Form Number: Revenue Procedure 97-29.
    Abstract: This revenue procedure (1) provides a model amendment 
that may be used, prior to January 1, 1999, by a sponsor of a prototype 
individual retirement account or annuity (IRA) to establish a SIMPLE 
IRA (an IRA designed to accept contributions under a SIMPLE IRA Plan 
described in Sec.  408(p)) of the Internal Revenue Code; (2) provides 
guidance on obtaining opinion letters to drafters of prototype SIMPLE 
IRAs; (3) provides permissive amendments to sponsors of nonSIMPLE 
IRAs;(4) announces the opening of a program for prototype SIMPLE IRA 
Plans; and (5) provides transitional relief for users of SIMPLE IRAs 
and SIMPLE IRA Plans that have not been approved by the Internal 
Revenue Service.
    Current Actions: There are no changes being made to the revenue 
procedure at this time.
    Type of Review: Extension of a currently approved collection.
    Affected Public: Business or other for-profit organizations, and 
not-for-profit institutions.
    Estimated Number of Respondents: 3,205.
    Estimated Total Annual Reporting Burden Hours: 25,870.
    (3) Title: Restaurant Tips--Attributed Tip Income Program (ATIP).
    OMB Number: 1545-2005.
    Form Number: Revenue Procedure 2006-30.
    Abstract: This revenue procedure sets forth the requirements for 
participating in the Attributed Tip Income Program (ATIP). ATIP 
provides benefits to employers and employees similar to those offered 
under previous tip reporting agreements without requiring one-on-one 
meetings with the Service to determine tip rates or eligibility.
    Current Actions: There is no change in the paperwork burden 
previously approved by OMB.
    Type of Review: Extension of a currently approved collection.
    Affected Public: Businesses and other for-profit organizations, 
farms.
    Estimated Number of Respondents: 610.
    Estimated Time per Respondent: 10 hours.
    Estimated Total Annual Burden Hours: 6,100.

[[Page 56913]]

    (4) Title: Electronic Tax Administration Advisory Committee 
Membership Application.
    OMB Number: 1545-2231.
    Form Number: Form 13768.
    Abstract: The Internal Revenue Service Restructuring and Reform Act 
of 1998 (RRA 98) authorized the creation of the Electronic Tax 
Administration Advisory Committee (ETAAC). ETAAC has a primary duty of 
providing input to the Internal Revenue Service (IRS) on its strategic 
plan for electronic tax administration. Accordingly, ETAAC's 
responsibilities involve researching, analyzing and making 
recommendations on a wide range of electronic tax administration 
issues.
    ETAAC members convey the public's perception of the IRS electronic 
tax administration activities, offer constructive observations about 
current or proposed policies, programs, and procedures, and suggest 
improvements.
    Current Actions: There is no change in the paperwork burden 
previously approved by OMB.
    Type of Review: Extension of a currently approved collection.
    Affected Public: Businesses and other for-profit organizations.
    Estimated Number of Respondents: 500.
    Estimated Time per Respondent: 1 hour.
    Estimated Total Annual Burden Hours: 500.
    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: September 7, 2012.
Yvette Lawrence,
IRS Reports Clearance Officer.
[FR Doc. 2012-22625 Filed 9-13-12; 8:45 am]
BILLING CODE 4830-01-P