Proposed Collection; Comment Request for Form 8802, 2780-2781 [2015-00687]
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rljohnson on DSK3VPTVN1PROD with NOTICES
2780
Federal Register / Vol. 80, No. 12 / Tuesday, January 20, 2015 / Notices
Title: Treatment of Distributions to
Foreign Persons Under Sections
367(e)(1) and 367(e)(2).
OMB Number: 1545–1487.
Regulation Project Number: REG–
209827–96 and REG–111672–99.
Abstract: Section 367(e)(1) provides
that, to the extent provided in
regulations, a domestic corporation
must recognize gain on a section 355
distribution of stock or securities to a
foreign person. Section 367(e)(2)
provides that section 337(a) and (b)(1)
does not apply to a section 332
distribution by a domestic corporation
to a foreign parent corporation that
owns 80 percent of the domestic
liquidating corporation (as described in
section 337(c)). Section 6038B(a)
requires a U.S. person who transfers
property to a foreign corporation in an
exchange described in sections 332 or
355, among other sections, to furnish to
the Secretary of the Treasury certain
information with respect to the transfer,
as provided in regulations.
The final regulations under section
367(e)(1) require gain recognition only
for distributions of the stock or
securities of foreign corporations to
foreign persons. The final regulations
under section 367(e)(2) generally require
gain recognition when a domestic
corporation liquidates into its foreign
parent corporation; the regulations
generally do not require gain
recognition when a foreign corporation
liquidates into its foreign parent
corporation.
This document (TD 9704) contains
final and temporary regulations relating
to the consequences to U.S. and foreign
persons for failing to satisfy reporting
obligations associated with certain
transfers of property to foreign
corporations in nonrecognition
exchanges. This document permits
transferors to remedy ‘‘not willful’’
failures to file, and ‘‘not willful’’ failures
to comply with the terms of, liquidation
documents required under section
367(e)(2). In addition, this document
modifies the reporting obligations under
section 6038B associated with transfers
that are subject to section 367(e)(2).
Further, this document provides similar
rules for certain transfers that are
subject to section 367(a). The
regulations are necessary to update the
rules that apply when a U.S. or foreign
person fails to file required documents
or statements or satisfy reporting
obligations. The regulations affect U.S.
and foreign persons that transfer
property to foreign corporations in
certain non-recognition exchanges.
Current Actions: There is no change to
this existing regulation.
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14:47 Jan 16, 2015
Jkt 235001
Type of Review: Extension of a
currently approved collection.
Affected Public: Business or other forprofit organizations.
Estimated Number of Respondents:
217.
Estimated Time per Respondent: 11
hours, 23 minutes.
Estimated Total Annual Burden
Hours: 2,471.
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: January 7, 2015.
Christie Preston,
IRS, Reports Clearance Officer.
[FR Doc. 2015–00686 Filed 1–16–15; 8:45 am]
BILLING CODE 4830–01–P
DEPARTMENT OF THE TREASURY
Internal Revenue Service
Proposed Collection; Comment
Request for Form 8802
Internal Revenue Service (IRS),
Treasury.
ACTION: Notice and request for
comments.
AGENCY:
PO 00000
Frm 00107
Fmt 4703
Sfmt 4703
The Department of the
Treasury, 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 proposed
and/or continuing information
collections, as required by the
Paperwork Reduction Act of 1995,
Public Law 104–13(44 U.S.C.
3506(c)(2)(A)). Currently, the IRS is
soliciting comments concerning Form
8802, Application for United States
Residency Certification.
DATES: Written comments should be
received on or before March 23, 2015 to
be assured of consideration.
ADDRESSES: Direct all written comments
to Christie Preston at Internal Revenue
Service, Room 6129, 1111 Constitution
Avenue NW., Washington, DC 20224.
FOR FURTHER INFORMATION CONTACT:
Requests for additional information or
copies of the form and instructions
should be directed to R. Joseph Durbala
at Internal Revenue Service, Room 6129,
1111 Constitution Avenue NW.,
Washington, DC 20224, or at (202) 317–
5746, or through the internet at
RJoseph.Durbala@irs.gov.
SUPPLEMENTARY INFORMATION:
Title: Application for United States
Residency Certification.
OMB Number: 1545–1817.
Form Number: Form 8802.
Abstract: An entity must use Form
8802 to apply for United States
Residency Certification. All requests for
U.S. residency certification must be
received on Form 8802, Application for
United States Residency Certification.
This application must be sent to the
Philadelphia Service Center. As proof of
residency in the United States and of
entitlement to the benefits of a tax
treaty, U.S. Government certification
that you are a U.S. citizen, U.S.
corporation, U.S. partnership, or
resident of the United States for
purposes of taxation.
Current Actions: There are no changes
being made to the form at this time.
Type of Review: Extension of a
currently approved collection.
Affected Public: Individuals or
households, business or other for-profit
organization, and not-for-profit
institution.
Estimated Number of Respondents:
100,000.
Estimated Time per Respondent: 3
hours, 38 minutes.
Estimated Total Annual Burden
Hours: 363,000.
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
SUMMARY:
E:\FR\FM\20JAN1.SGM
20JAN1
Federal Register / Vol. 80, No. 12 / Tuesday, January 20, 2015 / Notices
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: January 8, 2015.
Christie Preston,
IRS Reports Clearance Officer.
[FR Doc. 2015–00687 Filed 1–16–15; 8:45 am]
BILLING CODE 4830–01–P
DEPARTMENT OF THE TREASURY
Internal Revenue Service
Proposed Collection; Comment
Request for Regulation Project
Internal Revenue Service (IRS),
Treasury.
ACTION: Notice and request for
comments.
AGENCY:
The Department of the
Treasury, 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 proposed
and/or continuing information
collections, as required by the
Paperwork Reduction Act of 1995,
Public Law 104–13(44 U.S.C.
3506(c)(2)(A)). Currently, the IRS is
soliciting comments concerning existing
Final Regulation, TD 9467—
Measurement of Assets and Liabilities
for Pension Funding Purposes, and
Notice 2014–53—Pension Funding
rljohnson on DSK3VPTVN1PROD with NOTICES
SUMMARY:
VerDate Sep<11>2014
14:47 Jan 16, 2015
Jkt 235001
Stabilization under the Highway and
Transportation Funding Act of 2014
(HAFTA).
DATES: Written comments should be
received on or before March 23, 2015 to
be assured of consideration.
ADDRESSES: Direct all written comments
to Christie Preston, Internal Revenue
Service, Room 6129, 1111 Constitution
Avenue NW., Washington, DC 20224.
FOR FURTHER INFORMATION CONTACT:
Requests for additional information or
copies of the regulations should be
directed to Elaine Christophe at Internal
Revenue Service, Room 6129, 1111
Constitution Avenue NW., Washington,
DC 20224, or through the internet at
Elaine.H.Christophe@irs.gov.
SUPPLEMENTARY INFORMATION:
Title: Measurement of Assets and
Liabilities for Pension Funding
Purposes.
OMB Number: 1545–2095.
Regulation Project Number: REG–
139236–07 (TD 9467).
Abstract: In order to implement the
statutory provisions under sections 430
and 436, this final regulation contains
collections of information in
§§ 1.430(f)–1(f), 1.430(h)(2)–1(e), 1.436–
1(f), and 1.436–1(h). The information
required under § 1.430(f)–1(f) is
required in order for plan sponsors to
make elections regarding a plan’s credit
balances upon occasion. The
information under § 1.430(g)–1(d)(3) is
required in order for a plan sponsor to
include as a plan asset a contribution
made to avoid a restriction under
section 436. The information required
under § 1.430(h)(2)–1(e) is required in
order for a plan sponsor to make an
election to use an alternative interest
rate for purposes of determining a plan’s
funding obligations under § 1.430(h)(2)–
1. The information required under
§§ 1.436–1(f) and 1.436–1(h) is required
in order for a qualified defined benefit
plan’s enrolled actuary to provide a
timely certification of the plan’s
adjusted funding target attainment
percentage (AFTAP) for each plan year
to avoid certain benefit restrictions.
The Highway and Transportation
Funding Act of 2014 (HATFA), Public
Law 113–159, was enacted on August 8,
2014, and was effective retroactively for
single employer defined benefit pension
plans, optional for plan years beginning
in 2013 and mandatory for plan years
beginning in 2014. Notice 2014–53
provides guidance on these changes to
the funding stabilization rules for
single-employer pension plans.
Current Actions: There is no change to
TD 9465 or Notice 2014–53.
Type of Review: Revision of a
currently approved collection.
PO 00000
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Fmt 4703
Sfmt 9990
2781
Affected Public: Individuals, business
or other for-profit organizations, not-forprofit institutions and Federal, State,
local or tribal governments.
TD 9467
Estimated Number of Respondents:
80,000.
Estimated Time per Respondent: 1.5
hrs.
Estimated Total Annual Burden
Hours: 120,000.
Notice 2014–53
Estimated Number of Respondents:
76,600.
Estimated Time per Respondent: 1 hr.
Estimated Total Annual Burden
Hours: 38,000.
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: January 12, 2015.
Christie Preston,
OMB Reports Clearance Officer.
[FR Doc. 2015–00689 Filed 1–16–15; 8:45 am]
BILLING CODE 4830–01–P
E:\FR\FM\20JAN1.SGM
20JAN1
]]>Agencies
[Federal Register Volume 80, Number 12 (Tuesday, January 20, 2015)]
[Notices]
[Pages 2780-2781]
From the Federal Register Online via the Government Printing Office [www.gpo.gov]
[FR Doc No: 2015-00687]
-----------------------------------------------------------------------
DEPARTMENT OF THE TREASURY
Internal Revenue Service
Proposed Collection; Comment Request for Form 8802
AGENCY: Internal Revenue Service (IRS), Treasury.
ACTION: Notice and request for comments.
-----------------------------------------------------------------------
SUMMARY: The Department of the Treasury, 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 proposed and/or continuing information collections, as required by
the Paperwork Reduction Act of 1995, Public Law 104-13(44 U.S.C.
3506(c)(2)(A)). Currently, the IRS is soliciting comments concerning
Form 8802, Application for United States Residency Certification.
DATES: Written comments should be received on or before March 23, 2015
to be assured of consideration.
ADDRESSES: Direct all written comments to Christie Preston at Internal
Revenue Service, Room 6129, 1111 Constitution Avenue NW., Washington,
DC 20224.
FOR FURTHER INFORMATION CONTACT: Requests for additional information or
copies of the form and instructions should be directed to R. Joseph
Durbala at Internal Revenue Service, Room 6129, 1111 Constitution
Avenue NW., Washington, DC 20224, or at (202) 317-5746, or through the
internet at RJoseph.Durbala@irs.gov.
SUPPLEMENTARY INFORMATION:
Title: Application for United States Residency Certification.
OMB Number: 1545-1817.
Form Number: Form 8802.
Abstract: An entity must use Form 8802 to apply for United States
Residency Certification. All requests for U.S. residency certification
must be received on Form 8802, Application for United States Residency
Certification. This application must be sent to the Philadelphia
Service Center. As proof of residency in the United States and of
entitlement to the benefits of a tax treaty, U.S. Government
certification that you are a U.S. citizen, U.S. corporation, U.S.
partnership, or resident of the United States for purposes of taxation.
Current Actions: There are no changes being made to the form at
this time.
Type of Review: Extension of a currently approved collection.
Affected Public: Individuals or households, business or other for-
profit organization, and not-for-profit institution.
Estimated Number of Respondents: 100,000.
Estimated Time per Respondent: 3 hours, 38 minutes.
Estimated Total Annual Burden Hours: 363,000.
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
[[Page 2781]]
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: January 8, 2015.
Christie Preston,
IRS Reports Clearance Officer.
[FR Doc. 2015-00687 Filed 1-16-15; 8:45 am]
BILLING CODE 4830-01-P
