Claims for credit or refund by tax return preparers or appraisers
Extension without change of a currently approved collection
No
Regular
02/28/2022
Requested
Previously Approved
36 Months From Approved
02/28/2022
5,000
10,000
5,700
11,400
0
0
Internal Revenue Code section 6696(c) sets forth the procedure for claiming a refund by a tax return preparer who has overpaid any of the tax return preparerâs penalties. TD 9436 contained final regulations implementing amendments to the tax return preparer penalties under sections 6694 and 6695 of the Internal Revenue Code (Code) and related provisions under sections 6060, 6107, 6109, 6696, and 7701(a)(36) reflecting amendments to the Code made by section 8246 of the Small Business and Work Opportunity Tax Act of 2007 and section 506 of the Tax Extenders and Alternative Minimum Tax Relief Act of 2008.
26 CFR 1.6696â1 outlines the procedures for claims for credit or refund by tax return preparers or appraisers. Notwithstanding section 301.6402â2(c), Form 6118, âClaim for Refund of Income Tax Return Preparer and Promoter Penalties,â is the form prescribed for making a claim as provided in this section with respect to penalties under sections 6694 and 6695.
US Code:
26 USC 6696(c)
Name of Law: Procedure for claiming refund.
The change in burden previously approved by OMB, resulted from an adjustment to estimates made by the Department in the decreased number of responses based on its most recent data on Form 6118 filings, from 10,000, to 5,000. The total annual burden hours decreased from 11,400 to 5,700.
$17,560
No
No
No
No
No
No
No
Lucille Jessey 203 492-8684
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.
Form 6118 Claim for Refund of Income Tax Return Preparer Penalties
SS-0240 form 6118 Nov-02-21.docx
Claim for Refund of Income Tax Return Preparer Penalties