[Federal Register Volume 89, Number 40 (Wednesday, February 28, 2024)]
[Notices]
[Page 14737]
From the Federal Register Online via the Government Publishing Office [www.gpo.gov]
[FR Doc No: 2024-04104]


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DEPARTMENT OF THE TREASURY

Internal Revenue Service


Proposed Collection; Comment Request for Form 15434

AGENCY: Internal Revenue Service (IRS), Treasury.

ACTION: Notice and request for comments.

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SUMMARY: The Internal Revenue Service (IRS), 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, Application for 
Employee Retention Credit (ERC) Voluntary Disclosure Program.

DATES: Written comments should be received on or before April 29, 2024 
to be assured of consideration.

ADDRESSES: Direct all written comments to Andres Garcia, Internal 
Revenue Service, Room 6526, 1111 Constitution Avenue NW, Washington, DC 
20224, or by email to [email protected]. Include ``OMB Number 1545-
2316--Application for Employee Retention Credit (ERC) Voluntary 
Disclosure Program'' in the subject line of the message.

FOR FURTHER INFORMATION CONTACT: Requests for additional information or 
copies of this collection should be directed to Martha R. Brinson, at 
(202)317-5753, or at Internal Revenue Service, Room 6526, 1111 
Constitution Avenue NW, Washington, DC 20224, or through the internet 
at [email protected].

SUPPLEMENTARY INFORMATION: 
    Title: Application for Employee Retention Credit (ERC) Voluntary 
Disclosure Program.
    OMB Number: 1545-2316.
    Form Number: 15434.
    Abstract: The Employee Retention Credit Voluntary Disclosure 
Program (ERC-VDP) was created in order to provide a streamlined avenue 
for taxpayers to return funds for improperly claimed ERC credits and be 
afforded a 20% reduction in the amount to return.
    To participate in the initiative, taxpayers must submit information 
about the improper ERC claimed, refund received, their identifying 
information, and the identifying information of any preparer/advisor 
who assisted them with the ERC claim.
    Current Actions: There are no changes to the form at this time. 
This notice is administrative process to renew the OMB approval on the 
form.
    Type of Review: Extension of a currently approved collection.
    Affected Public: Individuals and Households.
    Estimated Number of Respondents: 5,000.
    Estimated Time per Respondent: 2 hrs., 22 mins.
    Estimated Total Annual Burden Hours: 11,800.
    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. 
Comments will be 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 has 
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 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: February 23, 2024.
Martha R. Brinson,
Tax Analyst.
[FR Doc. 2024-04104 Filed 2-27-24; 8:45 am]
BILLING CODE 4830-01-P