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:
1545-0110
ICR Reference No:
201808-1545-007
Status:
Historical Active
Previous ICR Reference No:
201411-1545-005
Agency/Subagency:
TREAS/IRS
Agency Tracking No:
Title:
Form 1099-DIV--Dividends and Distributions
Type of Information Collection:
Revision of a currently approved collection
Common Form ICR:
No
Type of Review Request:
Regular
OIRA Conclusion Action:
Approved without change
Conclusion Date:
12/20/2018
Retrieve Notice of Action (NOA)
Date Received in OIRA:
10/30/2018
Terms of Clearance:
Inventory as of this Action
Requested
Previously Approved
Expiration Date
12/31/2019
36 Months From Approved
12/31/2018
Responses
78,339,500
0
87,476,600
Time Burden (Hours)
32,119,195
0
34,115,874
Cost Burden (Dollars)
0
0
0
Abstract:
The Form 1099-DIV is used by the Service to insure that dividends are properly reported as required by Code section 6042 and that liquidation distributions are correctly reported as required by Code section 6043, and to determine whether payees are correctly reporting their income.
Authorizing Statute(s):
US Code:
26 USC 6042
Name of Law: Returns regarding payments of dividends and corporate earnings and profits.
US Code:
26 USC 6043
Name of Law: Liquidating, etc., transactions.
Citations for New Statutory Requirements:
PL: Pub.L. 115 - 97 11045 Name of Law: SUSPENSION OF MISCELLANEOUS ITEMIZED DEDUCTIONS
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:
83 FR 23998
05/23/2018
30-day Notice:
Federal Register Citation:
Citation Date:
83 FR 52614
10/17/2018
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 1099-DIV--Dividends and Distributions
1099-DIV
Dividends and Distributions
ICR Summary 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
78,339,500
87,476,600
0
0
-9,137,100
0
Annual Time Burden (Hours)
32,119,195
34,115,874
1,566,790
0
-3,563,469
0
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:
On pages 1, 2, 3, 5, and 6 we added a new Box 5 “Section 199A REIT dividends” and a $ sign. This new box is needed to help the recipients calculate the deduction they may be allowed under Sec 199A as qualified business income. As a result boxes 5 through 14 were renumbered to 6 through 15. This has increased the burden by a total of 1,566,790 total annual hours. There is also a change in the updated filing estimates in response to this Form. Filings decreased from 87,476,600 to 78,339,500 a decrease of 9,137,100 filings and resulting in a decrease of total burden hours of 3,563,469. The decrease in estimated filing figures offsets the increase in burden, resulting in a total burden decrease of (1,996,679) hours.
Annual Cost to Federal Government:
$116,648
Does this IC contain surveys, censuses, or employ statistical methods?
No
Does this ICR request any personally identifiable information (see
OMB Circular No. A-130
for an explanation of this term)? Please consult with your agency's privacy program when making this determination.
Yes
Does this ICR include a form that requires a Privacy Act Statement (see
5 U.S.C. §552a(e)(3)
)? Please consult with your agency's privacy program when making this determination.
Yes
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:
Oksana Stowbunenko 240 613-5808
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:
10/30/2018
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