[Federal Register Volume 78, Number 113 (Wednesday, June 12, 2013)]
[Notices]
[Page 35361]
From the Federal Register Online via the Government Publishing Office [www.gpo.gov]
[FR Doc No: 2013-13880]



[[Page 35361]]

-----------------------------------------------------------------------

DEPARTMENT OF THE TREASURY

Internal Revenue Service


Proposed Collection; Comment Request for Form 1099-DIV

AGENCY: Internal Revenue Service (IRS), Treasury.

ACTION: Notice and request for comments.

-----------------------------------------------------------------------

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 1099-DIV, Dividends and Distributions.

DATES: Written comments should be received on or before August 12, 2013 
to be assured of consideration.

ADDRESSES: Direct all written comments to R. Joseph Durbala. Internal 
Revenue Service, Room 6129, 1111 Constitution Avenue NW., Washington, 
DC 20224.

FOR FURTHER INFORMATION CONTACT: Requests for additional information or 
copies of the form and instructions should be directed to Katherine 
Dean at Internal Revenue Service, Room 6242, 1111 Constitution Avenue 
NW., Washington, DC 20224, or at (202) 622-3186, or through the 
Internet at [email protected].

SUPPLEMENTARY INFORMATION:
    Title: Dividends and Distributions.
    OMB Number: 1545-0110.
    Form Number: 1099-DIV.
    Abstract: Form 1099-DIV is used by the IRS to insure that dividends 
are properly reported as required by Internal Revenue Code section 
6042, that liquidation distributions are correctly reported as required 
by Code section 6043, and to determine whether payees are correctly 
reporting their income.
    Current Actions: Five line items are added to capture state income 
tax information for the convenience of the taxpayer. These boxes are 
optional, and not processed by the IRS. The addition of these lines, 
offset by a decrease in the estimated responses (to 79,134,5000) will 
result in an estimated annual burden increase of 6,330,760 hours.
    Type of Review: Revision of a currently approved collection.
    Affected Public: Business or other for-profit organizations.
    Estimated Number of Responses: 79,134,500.
    Estimated Time per Response: 23 minutes.
    Estimated Total Annual Burden Hours: 30,962,455
    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: June 5, 2013.
R. Joseph Durbala,
OMB Reports Clearance Officer.
[FR Doc. 2013-13880 Filed 6-11-13; 8:45 am]
BILLING CODE 4830-01-P