(IA-38-90/ TD 9436)Tax Return Preparer Penalties Under Sections 6694 and 6695

ICR 201905-1545-013

OMB: 1545-1231

Federal Form Document

Forms and Documents
Document
Name
Status
Supporting Statement A
2020-08-11
IC Document Collections
ICR Details
1545-1231 201905-1545-013
Active 201506-1545-012
TREAS/IRS
(IA-38-90/ TD 9436)Tax Return Preparer Penalties Under Sections 6694 and 6695
Extension without change of a currently approved collection   No
Regular
Approved with change 08/11/2020
Retrieve Notice of Action (NOA) 08/28/2019
supporting statement burden hours clarified during review
  Inventory as of this Action Requested Previously Approved
08/31/2023 36 Months From Approved 08/31/2020
127,800,734 0 127,801,426
10,224,059 0 10,679,320
0 0 0

This information is necessary to make the record of the name, taxpayer identification number, and principal place of work of each tax return preparer, make each return or claim for refund prepared available for inspection by the Commissioner of Internal Revenue, and to document that the tax return preparer advised the taxpayer of the penalty standards applicable to the taxpayer in order for the tax return preparer to avoid penalties under section 6694. The likely respondents are tax return preparers and their employers. These regulations implements amendments to the tax return preparer penalties under sections 6694 and 6695 of the Internal Revenue Code and related provisions under sections 6060, 6107, 6109, 6696, and 7701 (a) (36) reflecting amendments to the Code made by section 8246 of the Small Business and Work Opportunity Tax Act of 2007 and section 506 of the Tax Extenders and Alternative Minimum Tax Relief Act of 2008. The final regulation affects tax return preparers and provides guidance regarding the amended provisions.

US Code: 26 USC 6694 Name of Law: Understatement of taxpayer's liability by income tax return preparer
   US Code: 26 USC 6695 Name of Law: Other assessable penalties with respect to the preparation of income tax returns for other persons
   US Code: 26 USC 6103 Name of Law: Confidentiality and disclosure of returns and return information
   PL: Pub.L. 110 - 28 8246 Name of Law: Small Business and Work Opportunity Tax Act of 2007
   PL: Pub.L. 110 - 343 506 Name of Law: Tax Extenders and Alternative Minimum Tax Relief Act of 2008
  
None

Not associated with rulemaking

  84 FR 16760 04/22/2019
84 FR 45212 08/28/2019
No

1
IC Title Form No. Form Name
(IA-38-90/ TD 9436)Tax Return Preparer Penalties Under Sections 6694 and 6695

  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 127,800,734 127,801,426 0 0 -692 0
Annual Time Burden (Hours) 10,224,059 10,679,320 0 0 -455,261 0
Annual Cost Burden (Dollars) 0 0 0 0 0 0
No
No

$0
No
    Yes
    No
No
No
No
No
Matthew Cooper 202 622-4940 [email protected]

  No

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:
 
 
 
 
 
 
 
    (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;
 
 
 
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.
08/28/2019


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