Administrative Remedies --
Requests for Closing Agreements
Extension without change of a currently approved collection
No
Regular
02/22/2021
Requested
Previously Approved
36 Months From Approved
02/28/2021
10
5
10
5
100
0
The Internal Revenue Code (IRC) at 26
U.S.C. 7121 authorizes the Secretary of the Treasury to enter into
a written agreement with any person, or their agent, relating to
the liability of that person for any internal revenue tax for any
taxable period. Under that authority, TTB has issued regulations at
27 CFR 70.485 pertaining to such “closing agreements.” Specific to
this information collection, that regulation requires a taxpayer or
their agent to submit a written request to TTB to enter into a
closing agreement to resolve excise tax matters. TTB uses the
information collected in the request and any attached supporting
documentation to determine whether the Bureau should pursue a
closing agreement with the taxpayer. Closing agreements allow TTB
and a taxpayer to resolve tax liability matters prior to any
adversarial legal or administrative proceedings.
US Code:
26
USC 7121 Name of Law: Internal Revenue Code
There are no program changes
associated with this collection. As for adjustments, due to a
change in agency estimates, TTB is increasing the annual number of
respondents and responses to this information collection from 5 to
10, which increases the estimated total annual burden associated
with this collection from 5 hour to 10 hours. These changes result
from an increase in the number of taxpayers requesting closing
agreements.
$4,338
No
No
No
No
No
No
No
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.