Proposed Collection; Comment Request for Form 5735, 51873-51874 [2015-21086]
Download as PDF
<![CDATA[
Federal Register / Vol. 80, No. 165 / Wednesday, August 26, 2015 / Notices
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: August 18, 2015.
R. Joseph Durbala,
IRS, Tax Analyst.
[FR Doc. 2015–21085 Filed 8–25–15; 8:45 am]
BILLING CODE 4830–01–P
DEPARTMENT OF THE TREASURY
Internal Revenue Service
Proposed Collection; Comment
Request for Form 8822 and 8822–B
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 Form
8822, Change of Address and Form
8822–B, Change of Address or
Responsible Party—Business.
DATES: Written comments should be
received on or before October 26, 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 form and instructions
should be directed to R. Joseph Durbala,
(202) 317–5746, Internal Revenue
Service, Room 6129, 1111 Constitution
Avenue NW., Washington, DC 20224, or
through the Internet at
RJoseph.Durbala@irs.gov.
SUPPLEMENTARY INFORMATION:
Title: Change of Address, Change of
Address or Responsible Party—
Business.
OMB Number: 1545–1163.
Form Number: Form 8822, 8822–B.
Abstract: Form 8822 is used by
taxpayers to notify the Internal Revenue
Service that they have changed their
home or business address or business
location. Use Form 8822–B to notify the
Internal Revenue Service if you changed
your business mailing address, your
rmajette on DSK7SPTVN1PROD with NOTICES
SUMMARY:
VerDate Sep<11>2014
14:29 Aug 25, 2015
Jkt 235001
business location, or the identity of your
responsible party.
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
organizations, not-for-profit institutions,
farms, and Federal, state, local or tribal
governments.
Estimated Number of Respondents:
1,000,000.
Estimated Time per Respondent: 16
min.
Estimated Total Annual Burden
Hours: 264,792.
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: August 18, 2015.
R. Joseph Durbala,
IRS, Tax Analyst.
[FR Doc. 2015–21058 Filed 8–25–15; 8:45 am]
BILLING CODE 4830–01–P
PO 00000
Frm 00109
Fmt 4703
Sfmt 4703
51873
DEPARTMENT OF THE TREASURY
Internal Revenue Service
Proposed Collection; Comment
Request for Form 5735
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 Form
5735, American Samoa Economic
Development Credit.
DATES: Written comments should be
received on or before October 26, 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 form and instructions
should be directed to R. Joseph Durbala,
at (202) 317–5746, or at Internal
Revenue Service, Room 6129, 1111
Constitution Avenue NW., Washington,
DC 20224, or through the Internet at
RJoseph.Durbala@irs.gov.
SUPPLEMENTARY INFORMATION:
Title: American Samoa Economic
Development Credit.
OMB Number: 1545–0217.
Form Number: Form 5735.
Abstract: Form 5735 is used to figure
the American Samoa economic
development credit under section 30A.
The credit is generally allowed against
income tax imposed by Chapter 1. The
credit is not allowed against the
following taxes:
1. Tax on accumulated earnings
(section 531).
2. Personal holding company tax
(section 541).
3. Additional tax for recovery of
foreign expropriation losses (section
1351).
4. Recapture of investment credit
(section 50).
5. Recapture of low-income housing
credit (section 42(j)(4)(D)).
6. Recapture of Indian employment
credit (section 45A).
Current Actions: There are no changes
being made to the forms at this time.
SUMMARY:
E:\FR\FM\26AUN1.SGM
26AUN1
51874
Federal Register / Vol. 80, No. 165 / Wednesday, August 26, 2015 / Notices
Type of Review: Extension of a
currently approved collection.
Affected Public: Business or other forprofit organizations.
Estimated Number of Respondents:
10.
Estimated Time per Respondent: 12
hours, 42 minutes.
Estimated Total Annual Burden
Hours: 127.
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: August 18, 2015.
R. Joseph Durbala,
IRS, Tax Analyst.
[FR Doc. 2015–21086 Filed 8–25–15; 8:45 am]
BILLING CODE 4830–01–P
DEPARTMENT OF THE TREASURY
rmajette on DSK7SPTVN1PROD with NOTICES
Internal Revenue Service
Proposed Collection; Comment
Request on Information Collection
Tools Relating to the Offshore
Voluntary Disclosure Program (OVDP);
Correction
Internal Revenue Service,
Treasury.
AGENCY:
VerDate Sep<11>2014
14:29 Aug 25, 2015
Jkt 235001
Correction to the notice and
request for comments.
ACTION:
This document contains a
correction to the notice and request for
comments which was published in the
Federal Register on Monday, August 10,
2015 (80 FR 47998). As part of the
continuing effort to reduce paperwork
and respondent burden, the notice
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)).
SUMMARY:
DATES:
Effective Date: August 26, 2015.
FOR FURTHER INFORMATION CONTACT:
Christie Preston, (202) 317–4207 (not a
toll-free number).
SUPPLEMENTARY INFORMATION:
Background
Currently, the IRS is soliciting
comments concerning the Offshore
Voluntary Disclosure Program (OVDP)
and the Streamlined Filing Compliance
Procedures.
Need for Correction
As published, the notice and request
for comments contain errors which may
prove to be misleading and is in need
of clarification.
Correction of Publication
Accordingly, the publication of the
notice and request for comments which
is the subject of FR Doc. 2015–19521 is
corrected as follows:
On page 47998, column 2, under
SUMMARY, the sentence ‘‘Currently, the
IRS is soliciting comments concerning
the Offshore Voluntary Disclosure
Program (OVDP). ’’ is corrected to read
‘‘Currently, the IRS is soliciting
comments concerning the Offshore
Voluntary Disclosure Program (OVDP)
and the Streamlined Filing Compliance
Procedures.’’.
On page 47998, column 2, under
SUPPLEMENTARY INFORMATION, the Title
‘‘Offshore Voluntary Disclosure Program
(OVDP)’’ is corrected to read ‘‘Offshore
Voluntary Disclosure Program (OVDP)
and Streamlined Filing Compliance
Procedures’’.
On page 47998, column 2, under
SUPPLEMENTARY INFORMATION, the
Abstract: ‘‘The IRS is offering people
with undisclosed income from offshore
accounts an opportunity to get current
with their tax returns. Taxpayers with
undisclosed foreign accounts or entities
should make a voluntary disclosure
because it enables them to become
PO 00000
Frm 00110
Fmt 4703
Sfmt 4703
compliant, avoid substantial civil
penalties and generally eliminate the
risk of criminal prosecution. The
objective is to bring taxpayers that have
used undisclosed foreign accounts and
undisclosed foreign entities to avoid or
evade tax into compliance with United
States tax laws.’’ is corrected to read
‘‘The IRS offers taxpayers with
undisclosed offshore income,
undisclosed foreign financial accounts/
assets, and other offshore arrangements
opportunities to participate in programs
and procedures to come into
compliance with their tax and FBAR
compliance requirements. Broadly,
OVDP provides taxpayers with potential
criminal liability or substantial civil
liabilities resulting from offshore
noncompliance an avenue to avoid
criminal prosecution and come into
compliance. Whereas the Streamlined
Filing Compliance Procedures provide
filing procedures for taxpayers whose
offshore noncompliance resulted from
non-willful conduct.’’
On page 47998, column 2, under
SUPPLEMENTARY INFORMATION, the
Current Actions: ‘‘In September 2012,
the IRS announced a new offshore
initiative entitled the Streamlined Nonfiler program. This program was
developed specifically for US citizens
with income solely from non-us sources.
Although this program was successful at
closing the non-filer loop, this program
did not allow for amended returns to be
filed reporting previously unreported
foreign sourced income. As a result, an
enhanced process was developed in
which taxpayers will be allowed to file
amended returns in order to report
previously unreported foreign source
income while allowing a relief from
penalties. Forms 14653, 14654, and the
new Form 14708 have replaced the need
for Form 14438. The net result is a
burden increase of 15,500 estimated
responses and 30,500 estimated annual
hours per year.’’ is corrected to read ‘‘In
September 2012, the IRS announced the
Streamlined Filing Compliance
Procedures (2012 Streamlined
Procedures). The 2012 Streamlined
Procedures were available only to nonresident non-filers and had very specific
criteria. In June 2014, the IRS
announced new Streamlined Filing
Compliance Procedures (2014
Streamlined Procedures). The 2014
Streamlined Procedures are available to
a wider population of U.S. taxpayers
living outside the country and, for the
first time, to certain U.S. taxpayers
residing in the United States. See,
announcement IR–2014–73 (June 18,
2014). Forms 14653, 14654 replaced the
now obsolete Form 14438. Additionally,
E:\FR\FM\26AUN1.SGM
26AUN1
]]>Agencies
[Federal Register Volume 80, Number 165 (Wednesday, August 26, 2015)]
[Notices]
[Pages 51873-51874]
From the Federal Register Online via the Government Publishing Office [www.gpo.gov]
[FR Doc No: 2015-21086]
-----------------------------------------------------------------------
DEPARTMENT OF THE TREASURY
Internal Revenue Service
Proposed Collection; Comment Request for Form 5735
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 5735, American Samoa Economic Development Credit.
DATES: Written comments should be received on or before October 26,
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 form and instructions should be directed to R. Joseph
Durbala, at (202) 317-5746, or at Internal Revenue Service, Room 6129,
1111 Constitution Avenue NW., Washington, DC 20224, or through the
Internet at RJoseph.Durbala@irs.gov.
SUPPLEMENTARY INFORMATION:
Title: American Samoa Economic Development Credit.
OMB Number: 1545-0217.
Form Number: Form 5735.
Abstract: Form 5735 is used to figure the American Samoa economic
development credit under section 30A. The credit is generally allowed
against income tax imposed by Chapter 1. The credit is not allowed
against the following taxes:
1. Tax on accumulated earnings (section 531).
2. Personal holding company tax (section 541).
3. Additional tax for recovery of foreign expropriation losses
(section 1351).
4. Recapture of investment credit (section 50).
5. Recapture of low-income housing credit (section 42(j)(4)(D)).
6. Recapture of Indian employment credit (section 45A).
Current Actions: There are no changes being made to the forms at
this time.
[[Page 51874]]
Type of Review: Extension of a currently approved collection.
Affected Public: Business or other for-profit organizations.
Estimated Number of Respondents: 10.
Estimated Time per Respondent: 12 hours, 42 minutes.
Estimated Total Annual Burden Hours: 127.
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: August 18, 2015.
R. Joseph Durbala,
IRS, Tax Analyst.
[FR Doc. 2015-21086 Filed 8-25-15; 8:45 am]
BILLING CODE 4830-01-P
