[Federal Register Volume 91, Number 142 (Monday, July 27, 2026)]
[Notices]
[Pages 47036-47038]
From the Federal Register Online via the Government Publishing Office [www.gpo.gov]
[FR Doc No: 2026-15094]
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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 of Information Collection; request for comment.
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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 August 26, 2026 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 Spencer W. Clark by emailing [email protected], calling
(202) 927-5331, or viewing the entire information collection request at
www.reginfo.gov.
SUPPLEMENTARY INFORMATION:
Internal Revenue Service (IRS)
1. Title: Average Area Purchase Price Safe Harbors and Nationwide
Purchase Prices under section 143.
OMB Control Number: 1545-1877.
Type of Request: Extension of a currently approved collection.
Description: Revenue Procedure 2025-18 provides issuers of
qualified mortgage bonds, as defined in section 143(a) of the Internal
Revenue Code (Code), and issuers of mortgage credit certificates, as
defined in section 25(c), with (1) the nationwide average purchase
price for residences located in the United States, and (2) average area
purchase price safe harbors for residences located in statistical areas
in each state, the District of Columbia, Puerto Rico, the Northern
Mariana Islands, American Samoa, the Virgin Islands, and Guam.
Regulation Project Number: Revenue Procedure 2025-18.
Affected Public: State, Local, and Tribal Governments.
Frequency of Response: On occasion.
Estimated Number of Responses: 60.
Estimated Time per Response: 15 minutes.
Estimated Total Annual Burden Hours: 15.
2. Title: Reporting Abusive Tax Promotions or Preparers.
OMB Control Number: 1545-2219.
Type of Request: Extension of a currently approved collection.
Description: Form 14242 is used to document the information
necessary to report an abusive tax avoidance scheme. Respondents can be
individuals, businesses and tax return preparers.
Form Number: Form 14242.
Affected Public: Business or other for-profit organizations,
individuals, not-for-profit institutions, farms, and Federal, state,
local or tribal governments.
Frequency of Response: On occasion.
Estimated Number of Respondents: 460.
Estimated Time per Response: 10 minutes.
Estimated Total Annual Burden Hours: 77.
3. Title: Application for Extension of Time to File a Return and/or
Pay U.S. Estate (and Generation-Skipping Transfer) Taxes.
OMB Control Number: 1545-0181.
Type of Request: Extension of a currently approved collection.
Description: Form 4768 permits an executor to request an extension
of time to file an U.S. estate (and generation-skipping) tax return
and/or to pay the estate (and generation-skipping) taxes in certain
cases.
Form Number: Form 4768.
Affected Public: Individuals and business or other for-profit
organizations.
Frequency of Response: On occasion.
Estimated Number of Respondents: 18,500.
Estimated Time per Response: 1 hour, 29 minutes.
Estimated Total Annual Burden Hours: 27,565.
4. Title: Exemption From Withholding on Compensation for
Independent (and Certain Dependent) Personal Services of a Nonresident
Alien Individual.
OMB Control Number: 1545-0795.
Type of Request: Extension of a currently approved collection.
Description: Compensation paid to a nonresident alien individual in
the United States for independent personal services (self-employment)
or certain dependent personal services (employee) is generally subject
to 30% withholding or graduated rates. However, compensation may be
exempt from withholding because of a tax treaty. Form 8233 is used to
request exemption from withholding.
Form Number: Form 8233.
Affected Public: Individuals and households.
Frequency of Response: Annually.
Estimated Number of Respondents: 28,650.
Estimated Time per Response: 8 hours, 57 minutes.
Estimated Total Annual Burden Hours: 256,418.
5. Title: Electronic Payee Statements.
OMB Control Number: 1545-1729.
Type of Request: Extension of a currently approved collection.
Description: This collection contains final regulations, TD 9114
(published February 18, 2004 (69 FR 7567), relating to the voluntary
electronic furnishing of statements on Form W-2, Wage and Tax
Statement, under sections 6041 and 6051, and statements on Form 1098-T,
Tuition Statement, and Form 1098-E, Student Loan Interest Statement,
under section 6050S. These final regulations affect businesses, other
for-profit institutions, and eligible educational institutions that
wish to furnish these required statements electronically. The
regulations will also affect individuals (recipients), principally
employees, students, and borrowers, who consent to receive these
statements electronically.
Regulatory Project Number: T. D. 9114.
Affected Public: Business or other for-profit organizations.
Frequency of Response: Annually.
Estimated Number of Respondents: 28,449,495.
Estimated Time per Response: 6 minutes.
[[Page 47037]]
Estimated Total Annual Burden Hours: 2,844,950.
6. Title: IRS Taxpayer Burden Surveys.
OMB Control Number: 1545-2212.
Type of Request: Revision of a currently approved collection.
Description: The IRS Taxpayer Burden Surveys are designed to gather
statistically representative data that allows the IRS to provide
accurate estimates of taxpayer compliance burden. These surveys also
help the IRS understand how and why taxpayer burden changes over time.
This is an ongoing survey effort necessary to inform the IRS of the
impact of tax law changes and changes in taxpayer behavior, such as use
of tax preparation software and services. The survey data is used by
the IRS Research, Applied Analytics, and Statistics (RAAS) division to
update and validate the IRS Taxpayer Burden Model, which is used to
provide estimates for consolidated taxpayer segments.
Affected Public: Individuals and households, Businesses or other
for-profit organizations, Not-for-profit organizations.
Frequency of Response: On occasion.
Estimated Number of Respondents: 201,825.
Estimated Time per Response: 19 minutes.
Estimated Total Annual Burden Hours: 65,226.
7. Title: Proceeds of Bonds Used for Reimbursement.
OMB Control Number: 1545-1226.
Type of Request: Extension of a currently approved collection.
Description: This regulation clarifies when the allocation of bond
proceeds to reimburse expenditures previously made by an issuer of the
bond is treated as an expenditure of the bond proceeds. The issuer must
express a reasonable official intent, on or prior to the date of
payment, to reimburse the expenditure in order to assure that the
reimbursement is not a device to evade requirements imposed by the
Internal Revenue Code with respect to tax exempt bonds.
Regulatory Project Number: 26 CFR 1.150-2.
Affected Public: Business or other for-profit organizations.
Frequency of Response: On occasion.
Estimated Number of Respondents: 2,500.
Estimated Time per Response: 2 hours, 24 minutes.
Estimated Total Annual Burden Hours: 6,000.
8. Title: Gas Guzzler Tax.
OMB Control Number: 1545-0242.
Type of Request: Extension of a currently approved collection.
Description: The gas guzzler tax is imposed on the sale, use, or
lease by the manufacturer or importer of an automobile of a model type
that does not meet certain standards for fuel economy. Automobiles
imported for business or personal use are subject to tax. Taxpayers use
Form 6197 to compute the gas guzzler tax and report the tax on their
quarterly Form 720 tax return. Taxpayers who are not required to file
Form 720 quarterly and do not import gas guzzling automobiles in the
normal course of their trade or business may be eligible to make a one-
time filing of Form 6197 and Form 720. The IRS uses this information to
verify computation of the tax and compliance with the law.
Form Number: Form 6197.
Affected Public: Individuals or households, and business or other
for-profit organizations.
Estimated Number of Respondents: 385.
Frequency of Response: Quarterly.
Estimated Time per Response: 7 hours, 41 minutes.
Estimated Total Annual Burden Hours: 2,958.
9. Title: Information Return of Nontaxable Energy Grants or
Subsidized Energy Financing.
OMB Control Number: 1545-0232.
Type of Request: Extension of a currently approved collection.
Description: Internal Revenue Code (IRC) section 6050D requires an
information return to be made by any person who administers a Federal,
state, or local program providing nontaxable grants or subsidized
energy financing. Form 6497 is used for making the information return.
The IRS uses the information from the form to ensure that recipients
have not claimed tax credits or other benefits with respect to the
grants or subsidized financing.
Form Number: Form 6197.
Affected Public: Business or other for-profit organizations, and
not-for-profit institutions.
Frequency of Response: Annually.
Estimated Number of Respondents: 250.
Estimated Time per Response: 3 hours, 14 minutes.
Estimated Total Annual Burden Hours: 810.
10. Title: Annual Certification of a Residential Rental Project.
OMB Control Number: 1545-1038.
Type of Request: Extension of a currently approved collection.
Description: Form 8703 is used by the operator of a residential
rental project to provide annual information that the IRS will use to
determine whether a project continues to be a qualified residential
rental project under Internal Revenue Code section 142(d). If so, and
certain other requirements are met, bonds issued in connection with the
project are considered ``exempt facility bonds'' and the interest paid
on them is not taxable to the recipient.
Form Number: Form 8703.
Affected Public: Business or other for-profit organizations.
Frequency of Response: Annually.
Estimated Number of Respondents: 6,000.
Estimated Time per Response: 12 hours, 47 minutes.
Estimated Total Annual Burden Hours: 76,620.
11. Title: Rules for Certain Rental Real Estate Activities.
OMB Control Number: 1545-2194.
Type of Request: Extension of a currently approved collection.
Description: This revenue procedure grants relief under Section
1.469-9(g) for certain taxpayers to make late elections to treat all
interests in rental real estate as a single rental real estate
activity.
Regulation Project Number: Revenue Procedure 2011-34.
Affected Public: Individual or Households.
Frequency of Response: Once, Annually.
Estimated Number of Respondents: 2,000.
Estimated Time per Response: 30 minutes.
Estimated Total Annual Burden Hours: 1,000.
12. Title: Information reporting requirements in section 6045(e).
OMB Control Number: 1545-1592.
Type of Request: Extension of a currently approved collection.
Description: This revenue procedure sets forth the acceptable form
of the written assurances (certification) that a real estate reporting
person must obtain from the seller of a principal residence to except
such sale or exchange from the information reporting requirements for
real estate transactions under section 6045(e)(5) of the Internal
Revenue Code.
Regulation Project Number: Revenue Procedure 2007-12.
Affected Public: Business or other for-profit organizations,
individuals.
Frequency of Response: On occasion.
Estimated Number of Respondents: 2,300,000.
Estimated Time per Response: 11 minutes.
Estimated Total Annual Burden Hours: 420,500.
13. Title: Tuition Statement.
OMB Control Number: 1545-1574.
Type of Request: Extension of a currently approved collection.
[[Page 47038]]
Description: Section 6050S of the Internal Revenue Code requires
eligible education institutions to report certain information regarding
tuition payments to the IRS and to students. Form 1098-T has been
developed to meet this requirement.
Form Number: Form 1098-T.
Affected Public: Business or other for-profit organizations, and
not-for profit institutions.
Frequency of Response: Annually.
Estimated Number of Respondents: 24,762,900.
Estimated Time per Response: 13 minutes.
Estimated Total Annual Burden Hours: 5,368,295.
14. Title: IRA and Trump Account Contribution Information.
OMB Control Number: 1545-0747.
Type of Request: Revision of a currently approved collection.
Description: Form 5498 is used by trustees and issuers to report
contributions to, and the fair market value of, an individual
retirement arrangement (IRA). The information on the form will be used
by IRS to verify compliance with the reporting rules under regulation
section 1.408-5 and to verify that the participant in the IRA has made
the contribution that supports the deduction taken. The origination of
the new Form 5498-TA is to comply with the requirements set forth in
Public Law 119-21, Sec.70204 and IRC Section 530A(i) which established
Trump Accounts and contribution pilot programs. Form 5498-TA reports
contributions, rollovers, basis or investment in the contract, and the
fair market value (FMV) of the account for the calendar year shown on
the form and is furnished by the trustee of the Trump account.
Affected Public: Business or other for-profit organizations.
Frequency of Response: Annually.
Form Number: Form 5498 and 5498-TA.
Form 5498
Estimated Number of Respondents: 153,258,967.
Estimated Time per Response: 25 minutes.
Estimated Total Annual Burden Hours: 62,836,176.
Form 5498-TA
Estimated Number of Respondents: 45,000,000.
Estimated Time per Response: 10 minutes.
Estimated Total Annual Burden Hours: 7,650,000.
Total Estimates
Estimated Total Number of Responses: 198,258,967.
Estimated Total Annual Burden Hours: 70,486,176.
15. Title: Application to Adopt, Change, or Retain a Tax Year.
OMB Control Number: 1545-0134.
Type of Request: Extension of a currently approved collection.
Description: Form 1128 is needed in order to process taxpayers'
request to change their tax year. All information requested is used to
determine whether the application should be approved. Respondents are
taxable and nontaxable entities including individuals, partnerships,
corporations, estates, tax-exempt organizations and cooperatives.
Form Number: Form 1128.
Affected Public: Business or other for-profit organizations.
Frequency of Response: On occasion.
Estimated Number of Respondents: 6,278.
Estimated Time per Response: 23 hours, 43 minutes.
Estimated Total Annual Burden Hours: 148,847.
Authority: 44 U.S.C. 3501 et seq.
Spencer W. Clark,
Treasury PRA Clearance Officer.
[FR Doc. 2026-15094 Filed 7-24-26; 8:45 am]
BILLING CODE 4831-GV-P