86 FR 235 pgs. 70608-70609 - Proposed Collection; Comment Request for Guidance on Reporting Interest Paid to Nonresident Aliens
Type: NOTICEVolume: 86Number: 235Pages: 70608 - 70609
Pages: 70608, 70609FR document: [FR Doc. 2021-26703 Filed 12-9-21; 8:45 am]
Agency: Treasury Department
Sub Agency: Internal Revenue Service
Official PDF Version: PDF Version
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DEPARTMENT OF THE TREASURY
Internal Revenue Service
Proposed Collection; Comment Request for Guidance on Reporting Interest Paid to Nonresident Aliens
AGENCY:
Internal Revenue Service (IRS), Treasury.
ACTION:
Notice and request for comments for guidance on reporting interest paid to nonresident aliens.
SUMMARY:
The Internal Revenue Service, 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 continuing information collections, as required by the Paperwork Reduction Act of 1995. The IRS is soliciting comments concerning guidance on reporting interest paid to nonresident aliens.
DATES:
Written comments should be received on or before February 8, 2022 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.
FOR FURTHER INFORMATION CONTACT:
Requests for additional information or copies of the form should be directed to Kerry Dennis at (202) 317-5751, or at Internal Revenue Service, Room 6526, 1111 Constitution Avenue NW, Washington DC 20224, or through the internet, at Kerry.Dennis@irs.gov.
SUPPLEMENTARY INFORMATION:
Title: Guidance on Reporting Interest Paid to Nonresident Aliens.
OMB Number: 1545-1725.
Regulation Project Number: TD 9584.
Abstract: This document contains final regulations that provide guidance on the reporting requirements for interest on deposits maintained at the U. S. office of certain financial institutions and paid to nonresident alien individuals. These proposed regulations affect persons making payments of interest with respect to such a deposit.
Current Actions: There is no change to the existing regulation or burden at this time.
Type of Review: Extension of a currently approved collection.
Affected Public: Businesses or other for-profit organizations.
Estimated Number of Respondents: 2,000.
Estimated Time per Respondent: 15 minutes.
Estimated Total Annual Burden Hours: 5,000 hours.
The following paragraph applies to all 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 if 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.
[top] 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
Approved: December 6, 2021.
Kerry L. Dennis,
Tax Analyst.
[FR Doc. 2021-26703 Filed 12-9-21; 8:45 am]
BILLING CODE 4830-01-P