The Internal Revenue Code (IRC) at 26
U.S.C. 4181 imposes a Federal excise tax on the sale of pistols,
revolvers, other firearms, and shells and cartridges (ammunition)
sold by manufacturers, producers, and importers of such articles.
The IRC, at 26 U.S.C. 6001, 6011, and 6302, also authorizes the
Secretary of the Treasury to issue regulations regarding IRC-based
taxes, returns and records, including the mode and time for
collecting taxes due. Under this authority, the TTB regulations in
27 CFR part 53 require respondents who have firearms and/or
ammunition excise tax liability to submit a quarterly tax return
using form TTB F 5300.26. The information collected on this return
is necessary to identify the taxpayer, the amount and type of taxes
due, and the amount of payments made. TTB uses the return
information to determine whether the taxpayer has paid the correct
amount of tax and to take additional action, such as assessment or
refund, as necessary.
There are no program changes
associated with this information collection. As for adjustments,
TTB is increasing the estimated number of respondents, responses,
and estimated total annual burden hours associated with this
collection due to an estimated increase of 25 in the number of
firearms and ammunition excise taxpayers. In addition, TTB is
revising the FAET return form, TTB F 5300.26, to clarify certain
data fields and instructions to improve the accuracy of the
information reported, which will allow TTB to more accurately
verify the respondent’s tax liability. The revisions to TTB F
5300.26 include reorganizing data fields in Part II, Calculation of
Taxes on Sale or Uses During this Tax Period, adding instructional
language to Schedules A and B to clarify that they are used to
claim adjustments for prior quarter activity, and adding a
“printed” name field to the signature area of the form. TTB also
has updated the form’s instructions to remove obsolete language and
improve clarity. TTB also has made other format, grammatical, and
typographic corrections to the form. In addition, to support future
automation efforts, TTB has added a bar code to each page of the
form that identifies the form number and the page number of the
form.
$76,165
No
Yes
Yes
No
No
No
Uncollected
Jesse Longbrake 202
453-2265
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.