[Federal Register Volume 85, Number 102 (Wednesday, May 27, 2020)]
[Notices]
[Page 31852]
From the Federal Register Online via the Government Publishing Office [www.gpo.gov]
[FR Doc No: 2020-11349]



[[Page 31852]]

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DEPARTMENT OF THE TREASURY


Agency Information Collection Activities; Submission for OMB 
Review; Comment Request; Multiple Internal Revenue Service Information 
Collection Requests

AGENCY: Departmental Offices, U.S. Department of the Treasury.

ACTION: Notice.

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SUMMARY: The Department of the Treasury will submit the following 
information collection requests to the Office of Management and Budget 
(OMB) for review and clearance in accordance with the Paperwork 
Reduction Act of 1995, on or after the date of publication of this 
notice. The public is invited to submit comments on these requests.

DATES: Comments should be received on or before June 26, 2020 to be 
assured of consideration.

ADDRESSES: Written comments and recommendations for the proposed 
information collection should be sent within 30 days of publication of 
this notice to www.reginfo.gov/public/do/PRAMain. Find this particular 
information collection by selecting ``Currently under 30-day Review--
Open for Public Comments'' or by using the search function.

FOR FURTHER INFORMATION CONTACT: Copies of the submissions may be 
obtained from Molly Stasko by emailing [email protected], calling (202) 
622-8922, or viewing the entire information collection request at 
www.reginfo.gov.

SUPPLEMENTARY INFORMATION:

Internal Revenue Service (IRS)

    1. Title: Application To Use Last In, First Out (LIFO) Inventory 
Method.
    OMB Control Number: 1545-0042.
    Type of Review: Extension without change of a currently approved 
collection.
    Description: Form 970 is filed by individuals, partnerships, 
trusts, estates, or corporations to elect to use the LIFO inventory 
method or to extend the LIFO method to additional goods. The Internal 
Revenue Service uses Form 970 to determine if the election was properly 
made.
    Form: Form 970.
    Affected Public: Business or other for-profit organizations, and 
individuals or households.
    Estimated Number of Respondents: 2,000.
    Frequency of Response: On occasion.
    Estimated Total Number of Annual Responses: 2,000.
    Estimated Time per Response: 21 hours, 6 minutes.
    Estimated Total Annual Burden Hours: 42,220.
    2. Title: Requirements for qualified domestic trust.
    OMB Control Number: 1545-1443.
    Type of Review: Extension without change of a currently approved 
collection.
    Description: The regulation provides guidance relating to the 
additional requirements necessary to ensure the collection of the 
estate tax imposed under Section 2056A(b) with respect to taxable 
events involving qualified domestic trusts (QDOT'S). In order to ensure 
collection of the tax, the regulation provides various security options 
that may be selected by the trust and the requirements associated with 
each option. In addition, under certain circumstances the trust is 
required to file an annual statement with the IRS disclosing the assets 
held by the trust.
    Form: None.
    Affected Public: Individuals or Households.
    Estimated Number of Respondents: 4,390.
    Frequency of Response: On occasion.
    Estimated Total Number of Annual Responses: 4,390.
    Estimated Time per Response: 1 hour, 23 minutes.
    Estimated Total Annual Burden Hours: 6,070 hours.
    3. Title: Wage and Investment Strategies and Solutions Behavioral 
Laboratory Customer Surveys and Support.
    OMB Control Number: 1545-2274.
    Type of Review: Extension without change of a currently approved 
collection.
    Description: As outlined in the IRS Strategic Plan, the Agency is 
working towards allocating IRS resources strategically to address the 
evolving scope and increasing complexity of tax administration. In 
order to do this, the IRS must realize their operational efficiencies 
and effectively manage costs by improving enterprise-wide resource 
allocation and streamlining processes using feedback from various 
behavioral research techniques.
    To assist the Agency in accomplishing the goal outlined in the 
Strategic Plan, the Wage and Investment Division continuously maintains 
a ``customer-first'' focus through routinely soliciting information 
concerning the needs and characteristics of its customers and 
implementing programs based on the information received. W&I Strategies 
and Solutions (WISS), is developing the implementation of a Behavioral 
Laboratory to identify, plan and deliver business improvement processes 
that support fulfillment of the IRS strategic goals.
    The collection of information through the Behavioral Laboratory is 
necessary to enable the Agency to garner customer and stakeholder 
feedback in an efficient, timely manner, in accordance with the 
commitment to improving taxpayer service delivery. Improving agency 
programs requires ongoing assessment of service delivery. WISS, through 
the Behavioral Laboratory, will collect, analyze, and interpret 
information gathered through this generic clearance to identify 
strengths and weaknesses of current services and make improvements in 
service delivery based on feedback provided by taxpayers and IRS 
employees.
    Form: None.
    Affected Public: Business or other for-profit organizations and 
individuals or households.
    Estimated Number of Respondents: 150,000.
    Frequency of Response: On occasion.
    Estimated Total Number of Annual Responses: 150,000.
    Estimated Time per Response: 1 hour.
    Estimated Total Annual Burden Hours: 150,000 hours.

(Authority: 44 U.S.C. 3501 et seq.)

    Dated: May 21, 2020.
Spencer W. Clark,
Treasury PRA Clearance Officer.
[FR Doc. 2020-11349 Filed 5-26-20; 8:45 am]
BILLING CODE 4830-01-P