[Federal Register Volume 85, Number 187 (Friday, September 25, 2020)]
[Notices]
[Page 60521]
From the Federal Register Online via the Government Publishing Office [www.gpo.gov]
[FR Doc No: 2020-21169]



[[Page 60521]]

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DEPARTMENT OF THE TREASURY

Internal Revenue Service


Proposed Collection; Comment Request for Form 8851

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 information collections, as required by the Paperwork Reduction Act 
of 1995. The IRS is soliciting comments concerning Form 8851, Summary 
of Archer MSAs.

DATES: Written comments should be received on or before November 24, 
2020 to be assured of consideration.

ADDRESSES: Direct all written comments to Paul Adams, Internal Revenue 
Service, room 6526, 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, (737)800-6149 or at Internal Revenue Service, Room 66526, 
1111 Constitution Avenue NW, Washington, DC 20224, or through the 
internet, at [email protected].

SUPPLEMENTARY INFORMATION:
    Title: Summary of Archer MSAs.
    OMB Number: 1545-1743.
    Form Number: 8851.
    Abstract: Internal Revenue Code section 220(j)(4) requires 
trustees, who establish medical savings accounts, to report the 
following: (a) Number of medical savings accounts established before 
July 1 of the taxable year (beginning January 1, 2001), (b) name and 
taxpayer identification number of each account holder and, (c) number 
of accounts which are accounts of previously uninsured individuals. 
Form 8851 is used for this purpose.
    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: Business or other for-profit organizations.
    Estimated Number of Respondents: 400,000.
    Estimated Time per Respondent: 3 hours, 51 minutes.
    Estimated Total Annual Burden Hours: 1,540,000.
    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 17, 2020.
Sara L Covington,
IRS Tax Analyst.
[FR Doc. 2020-21169 Filed 9-24-20; 8:45 am]
BILLING CODE 4830-01-P