Form 14242 - Reporting Abusive Tax Promotions or Preparers

Forms and Documents

Forms and supporting documents for this ICR

Document	Type	Status	Availability
Form 14242 Form 14242 - Reporting Abusive Tax Promotions or Preparers	Form	New	Available
ombat2.doc	Supplementary Document	Uploaded 2011-10-06	Available
Supporting Statement.pdf	Supporting Statement A	Uploaded 2011-10-06	Available

IC Document Collections

Information collection document groups

IC ID	Collection	Type	Status	Form
199681	Form 14242 - Reporting Abusive Tax Promotions or Preparers	Form	New

ICR Details

OMB Control No: 1545-2219	ICR Reference No: 201110-1545-019
Status: Historical Active	Previous ICR Reference No:
Agency/Subagency: TREAS/IRS	Agency Tracking No: Requesting Approval by 10/7/11
Title: Form 14242 - Reporting Abusive Tax Promotions or Preparers
Type of Information Collection: Existing collection in use without an OMB Control Number	Common Form ICR:  No
Type of Review Request: Emergency	Approval Requested By: 10/07/2011
OIRA Conclusion Action: Approved without change	Conclusion Date: 10/06/2011
	Date Received in OIRA: 10/06/2011
Terms of Clearance: In it's next submission, IRS should revise its response to question 1 in the supporting statement to explain the circumstances necessitating the collection of information with more clarity.

table that charts list comparision

	Inventory as of this Action	Requested	Previously Approved
Expiration Date	04/30/2012	6 Months From Approved
Responses	360	0	0
Time Burden (Hours)	3,600	0	0
Cost Burden (Dollars)	0	0	0

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Abstract: The IC form is used to report an abusive tax avoidance scheme and tax return preparers who promote such schemes. IC is collected to combat abusive tax promoters. Respondents can be individuals, businesses and tax return preparers.

Emergency Justfication: This form is a critical part of the agencies effort to combat abusive tax promoters. It has been an active tool used to receive important tips and information from the general public. We are seeking emergency clearance to ensure the availability to the public as we bring this form in compliance with the OMB approval requirements of the PRA. An solicitation of comments was published on September 16, 2011 (76 FR 57803).

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Authorizing Statute(s): US Code: 26 USC 6700 Name of Law: Promoting abusive tax shelters, etc.
   US Code: 26 USC 6701 Name of Law: Penalties for aiding and abetting understatement of tax liability
   US Code: 26 USC 7408 Name of Law: Actions to enjoin specified conduct related to tax shelters and reportable transactions
  

Citations for New Statutory Requirements: None

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Associated Rulemaking Information
RIN:	Stage of Rulemaking:	Federal Register Citation:	Date:
	Not associated with rulemaking

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Federal Register Notices & Comments
60-day Notice:	Federal Register Citation:	Citation Date:
	76 FR 57803	09/16/2011
Did the Agency receive public comments on this ICR? No

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Number of Information Collection (IC) in this ICR: 1

table that charts list of burden

IC Title	Form No.	Form Name
Form 14242 - Reporting Abusive Tax Promotions or Preparers	14242	Reporting Abusive Tax Promotions or Preparers

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ICR Summary of Burden

table that charts list of burden

	Total Approved	Previously Approved	Change Due to New Statute	Change Due to Agency Discretion	Change Due to Adjustment in Estimate	Change Due to Potential Violation of the PRA
Annual Number of Responses	360	0	0	0	0	360
Annual Time Burden (Hours)	3,600	0	0	0	0	3,600
Annual Cost Burden (Dollars)	0	0	0	0	0	0

Burden increases because of Program Change due to Agency Discretion: No

Burden Increase Due to:

Burden decreases because of Program Change due to Agency Discretion: No

Burden Reduction Due to:

Short Statement:

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Annual Cost to Federal Government: $0

Does this IC contain surveys, censuses, or employ statistical methods? No

Is the Supporting Statement intended to be a Privacy Impact Assessment required by the E-Government Act of 2002? No

Is this ICR related to the Affordable Care Act [Pub. L. 111-148 & 111-152]? No

Is this ICR related to the Dodd-Frank Wall Street Reform and Consumer Protection Act, [Pub. L. 111-203]? No

Is this ICR related to the American Recovery and Reinvestment Act of 2009 (ARRA)? No

Is this ICR related to the Pandemic Response? Uncollected

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Common Form ICR:  No

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On behalf of this Federal agency, I certify that the collection of information encompassed by this request complies with 5 CFR 1320.9 and the related provisions of 5 CFR 1320.8(b)(3).

The following is a summary of the topics, regarding the proposed collection of information, that the certification covers:

(a) It is necessary for the proper performance of agency functions;

(b) It avoids unnecessary duplication;

(c) It reduces burden on small entities;

(d) It uses plain, coherent, and unambiguous language that is understandable to respondents;

(e) Its implementation will be consistent and compatible with current reporting and recordkeeping practices;

(f) It indicates the retention periods for recordkeeping requirements;

(g) It informs respondents of the information called for under 5 CFR 1320.8 (b)(3) about:

(i) Why the information is being collected;

(ii) Use of information;

(iii) Burden estimate;

(iv) Nature of response (voluntary, required for a benefit, or mandatory);

(v) Nature and extent of confidentiality; and

(vi) Need to display currently valid OMB control number;

(h) It was developed by an office that has planned and allocated resources for the efficient and effective management and use of the information to be collected.

(i) It uses effective and efficient statistical survey methodology (if applicable); and

(j) It makes appropriate use of information technology.

If you are unable to certify compliance with any of these provisions, identify the item by leaving the box unchecked and explain the reason in the Supporting Statement.

Certification Date: 10/06/2011

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