[Federal Register Volume 79, Number 125 (Monday, June 30, 2014)]
[Notices]
[Page 36876]
From the Federal Register Online via the Government Publishing Office [www.gpo.gov]
[FR Doc No: 2014-15282]


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DEPARTMENT OF THE TREASURY

Internal Revenue Service


Proposed Collection; Comment Request for Form 1099-R.

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. Currently, the IRS is soliciting comments 
concerning Form 1099-R, Distributions From Pensions, Annuities, 
Retirement or Profit-Sharing Plans, IRAs, Insurance Contracts, etc.

DATES: Written comments should be received on or before August 29, 2014 
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, Sara 
Covington, at Internal Revenue Service, Room 6129, 1111 Constitution 
Avenue NW., Washington, DC 20224, or through the Internet, at 
[email protected].

SUPPLEMENTARY INFORMATION:
    Title: Distributions From Pensions, Annuities, Retirement or 
Profit-Sharing Plans, IRAs, Insurance Contracts, etc.
    OMB Number: 1545-0119. Form Number: 1099-R.
    Abstract: Form 1099-R is used to report distributions from 
pensions, annuities, profit-sharing or retirement plans, IRAs, and the 
surrender of insurance contracts. This information is used by the IRS 
to verify that income has been properly reported by the recipient.
    Current Actions: There is no change in the current Form 1099-R 
previously approved by the OMB, but in the annual number of responses, 
resulting a decrease in annual burden hours of 1,862,994.
    Type of Review: This is a revision of a currently approved 
collection.
    Affected Public: Businesses or other for-profit organizations, not 
for-profit institutions, and Federal, state, local or tribal 
governments.
    Estimated Number of Responses: 89,011,000.
    Estimated Time Per Response: .25 min.
    Estimated Total Annual Burden Hours: 37,384,620.
    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 4, 2014.
R. Joseph Durbala,
IRS Tax Analyst.
[FR Doc. 2014-15282 Filed 6-27-14; 8:45 am]
BILLING CODE 4830-01-P