SECTION 13. PAPERWORK

REDUCTION ACT

The collection of information contained in this revenue procedure has been submitted to the Office of Management and Budget in accordance with the Paperwork Reduction Act (44 U.S.C. 3507) under control number 1545-2311.

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.

The collections of information in this revenue procedure are in sections 4.02, 5.01, 5.02, 7.01, 7.02, 7.03(1), 8.01, 9.01, and 9.02. This information is collected and retained to ensure that dealers and sellers properly register with the IRS, properly submit records to claim the transfer election, and properly retain records. This information will be used to determine whether the dealer is eligible for the claimed advance payment election. The collection of information is voluntary to obtain a benefit. The likely respondents are corporations and partnerships.

The estimated total annual reporting burden is 296,688 hours.

The estimated annual burden per respondent is one hour to complete the dealer registration, as required under this revenue procedure, and the estimated number of respondents is 52,000. The estimated annual burden per respondent is .25 hours to complete the advanced

Bulletin No. 2023–43 1141 October 23, 2023

payment uploading of information, as required under this revenue procedure and the estimated number of respondents is 978,750. The estimated annual frequency of responses is 1,030,750.

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 § 6103.