[Federal Register Volume 84, Number 204 (Tuesday, October 22, 2019)]
[Notices]
[Pages 56533-56534]
From the Federal Register Online via the Government Publishing Office [www.gpo.gov]
[FR Doc No: 2019-23009]
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DEPARTMENT OF THE TREASURY
Internal Revenue Service
Proposed Collection; Comment Request for Rev. Proc. 2018-31
AGENCY: Internal Revenue Service (IRS), Treasury.
ACTION: Notice and request for comments.
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SUMMARY: The Internal Revenue Service (IRS), 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
Revenue Procedure 2018-31, Changes in Accounting periods and in Methods
of Accounting.
DATES: Written comments should be received on or before December 23,
2019 to be assured of consideration.
ADDRESSES: Direct all written comments to Dr. Philippe Thomas, Internal
Revenue Service, Room 6526, 1111 Constitution Avenue NW, Washington, DC
20224.
FOR FURTHER INFORMATION CONTACT: Requests for additional information or
copies of this revenue procedure should be directed to Martha R.
Brinson, at (202)317-5753, or at Internal Revenue Service, Room 6526,
1111 Constitution Avenue NW, Washington, DC 20224, or through the
internet at [email protected].
SUPPLEMENTARY INFORMATION:
[[Page 56534]]
Title: Changes in accounting periods and in methods of accounting.
OMB Number: 1545-1551.
Revenue Procedure Number: 2018-31.
Abstract: The information collected in this revenue procedure is
required in order for the Commissioner to determine whether the
taxpayer properly is requesting to changes its method of accounting and
the terms and conditions of the change.
Current Actions: Revenue Procedure 2018-31, which has been modified
by Rev. Proc. 2018-29, 2018-22 I.R.B. 634, Rev. Proc. 2018-35, 2018-28
I.R.B. 204, Rev. Proc. 2018-40, 2018-34 I.R.B. 320, Rev. Proc. 2018-44,
2018-37 I.R.B. 426, Rev. Proc. 2018-49, 2018-41 I.R.B. 548, Rev. Proc.
2018-56, 2018-50 I.R.B. 985, Rev. Proc. 2018-60, 2018-51 I.R.B. 1045,
Rev. Proc. 2019-08, 2019-03 I.R.B. 347, Rev. Proc. 2019-30, 2019-33
I.R.B. 638, Rev. Proc. 2019-33, 2019-34 I.R.B. 6, Rev. Proc. 2019-34,
2019-35 I.R.B. 669, and Rev. Proc. 2019-37, 2019-39 I.R.B. 731,
provides the List of Automatic Changes to which the automatic change
procedures in Revenue Procedure 2015-13, 2015-5 I.R.B. 419, as
clarified and modified by Rev. Proc. 2015-33, 2015-24 I.R.B. 1067, and
as modified by Rev. Proc. 2017-59, 2017-48 I.R.B. 543, and by section
17.02 of Rev. Proc. 2016-1, 2016-1 I.R.B. 1, apply.
Type of Review: Revision of a currently approved collection.
Affected Public: Individuals or households, business or other for-
profit organizations, and not-for-profit institutions.
Estimated Number of Respondents: 28,046.
Estimated Time per Respondent: 1 hour, 15 minutes.
Estimated Total Annual Burden Hours: 34,279.
The following paragraph applies to all of 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 as long as 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.
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 quality, utility, and clarity of the information to
be collected; (d) ways to minimize the burden of the collection of
information on respondents, including through the use of automated
collection techniques or other forms of information technology; and (e)
estimates of capital or start-up costs and costs of operation,
maintenance, and purchase of services to provide information.
Approved: October 17, 2019.
Philippe Thomas,
Supervisory Tax Analyst.
[FR Doc. 2019-23009 Filed 10-21-19; 8:45 am]
BILLING CODE 4830-01-P