View Information Collection Request (ICR) Package
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Please note that the OMB number and expiration date may not have been determined when this Information Collection Request and associated Information Collection forms were submitted to OMB. The approved OMB number and expiration date may be found by clicking on the Notice of Action link below.
View ICR - OIRA Conclusion
OMB Control No:
1545-2219
ICR Reference No:
201202-1545-003
Status:
Historical Inactive
Previous ICR Reference No:
201110-1545-019
Agency/Subagency:
TREAS/IRS
Agency Tracking No:
Title:
Form 14242 - Reporting Abusive Tax Promotions or Preparers
Type of Information Collection:
Extension without change of a currently approved collection
Common Form ICR:
No
Type of Review Request:
Regular
OIRA Conclusion Action:
Improperly submitted and continue
Conclusion Date:
09/25/2012
Retrieve Notice of Action (NOA)
Date Received in OIRA:
04/30/2012
Terms of Clearance:
Agency will resubmit the collection to address the following two questions: 1. The burden calculation from the short statement looks incorrect. Did IRS means to say 10 minutes for the burden associated with the form and not 10 hours. If so, the burden reported is significantly off. Please address this. The burden for the collection of information is shown as an estimated 10 hours in the Taxpayer Paperwork Reduction statement on the form 14242. 2. Shouldnt the form also include a section (or where it asks for the SSN of the tax promoter) that requests the PTIN of the tax preparer as IRS is using this now to identify tax return preparers?
Inventory as of this Action
Requested
Previously Approved
Expiration Date
04/30/2012
36 Months From Approved
09/30/2012
Responses
360
0
360
Time Burden (Hours)
3,600
0
3,600
Cost Burden (Dollars)
0
0
0
Abstract:
The form is used to report an abusive tax avoidance scheme and tax return preparers who promote such schemes. The information is collected to combat abusive tax promoters. Respondents can be individuals, businesses and tax return preparers.
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
Associated Rulemaking Information
RIN:
Stage of Rulemaking:
Federal Register Citation:
Date:
Not associated with rulemaking
Federal Register Notices & Comments
60-day Notice:
Federal Register Citation:
Citation Date:
76 FR 77592
12/13/2011
30-day Notice:
Federal Register Citation:
Citation Date:
77 FR 25230
04/27/2012
Did the Agency receive public comments on this ICR?
No
Number of Information Collection (IC) in this ICR:
1
IC Title
Form No.
Form Name
Form 14242 - Reporting Abusive Tax Promotions or Preparers
14242
Reporting Abusive Tax Promotions or Preparers
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:
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
Agency Contact:
Portia Powell-Stringer 651 312-2251
Common Form ICR:
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:
(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:
04/30/2012
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