Proposed Collection; Comment Request for Regulation Project, 15102-15103 [2017-05832]
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15102
Federal Register / Vol. 82, No. 56 / Friday, March 24, 2017 / Notices
Type of Review: Revision of a
currently approved collection.
Affected Public: Individuals, business
or other for-profit organizations, not-forprofit institutions, and Federal, state,
local or tribal governments.
Estimated Number of Respondents:
1,125.
Estimated Time per Respondent: 1.25
hours.
Estimated Total Annual Burden
Hours: 1,406.25.
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: March 16, 2017.
Laurie Brimmer,
IRS Tax Analyst.
[FR Doc. 2017–05833 Filed 3–23–17; 8:45 am]
BILLING CODE 4830–01–P
DEPARTMENT OF THE TREASURY
jstallworth on DSK7TPTVN1PROD with NOTICES
Internal Revenue Service
Proposed Collection: Comment
Request for Regulation Project
Internal Revenue Service (IRS),
Treasury.
ACTION: Notice and request for
comments.
AGENCY:
VerDate Sep<11>2014
13:56 Mar 23, 2017
Jkt 241001
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 unified
rule for loss on subsidiary stock.
DATES: Written comments should be
received on or before May 23, 2017 to
be assured of consideration.
ADDRESSES: Direct all written comments
to Laurie Brimmer, Internal Revenue
Service, Room 6526, 1111 Constitution
Avenue NW., Washington, DC 20224.
FOR FURTHER INFORMATION CONTACT:
Requests for additional information or
copies of the regulation should be
directed to Kerry Dennis at Internal
Revenue Service, Room 6526, 1111
Constitution Avenue NW., Washington,
DC 20224, or through the internet, at
Kerry.Dennis@irs.gov .
SUPPLEMENTARY INFORMATION:
Title: Unified Rule for Loss on
Subsidiary Stock.
OMB Number: 1545–2096.
Regulation Project Number: REG–
157711–02 (TD 9424—final).
Abstract: This document contains
final regulations under sections 358,
362(e)(2), and 1502 of the Internal
Revenue Code (Code). The regulations
apply to corporations filing
consolidated returns, and corporations
that enter into certain tax-free
reorganizations. The regulations provide
rules for determining the tax
consequences of a member’s transfer
(including by deconsolidation and
worthlessness) of loss shares of
subsidiary stock. In addition, the
regulations provide that section
362(e)(2) generally does not apply to
transactions between members of a
consolidated group. Finally, the
regulations conform or clarify various
provisions of the consolidated return
regulations, including those relating to
adjustments to subsidiary stock basis.
Current Actions: There is no change to
this existing regulation.
Type of Review: Extension of a
currently approved collection.
Affected Public: Business or other forprofit organizations.
Estimated Number of Respondents:
100.
Estimated Time per Respondent: 15
minutes.
Estimated Total Annual Burden
Hours: 25.
SUMMARY:
PO 00000
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Fmt 4703
Sfmt 4703
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: March 16, 2017.
Laurie Brimmer,
IRS Tax Analyst.
[FR Doc. 2017–05831 Filed 3–23–17; 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.
Currently, the IRS is soliciting
SUMMARY:
E:\FR\FM\24MRN1.SGM
24MRN1
jstallworth on DSK7TPTVN1PROD with NOTICES
Federal Register / Vol. 82, No. 56 / Friday, March 24, 2017 / Notices
comments concerning treatment of dual
consolidated losses.
DATES: Written comments should be
received on or before May 23, 2017 to
be assured of consideration.
ADDRESSES: Direct all written comments
to Laurie Brimmer, Internal Revenue
Service, Room 6526, 1111 Constitution
Avenue NW., Washington, DC 20224.
FOR FURTHER INFORMATION CONTACT:
Requests for additional information or
copies of the regulations should be
directed to Kerry Dennis at Internal
Revenue Service, 1111 Constitution
Avenue NW., Room 6526, Washington,
DC 20224, or through the internet at
Kerry.Dennis@irs.gov.
SUPPLEMENTARY INFORMATION:
Title: Treatment of Dual Consolidated
Losses.
OMB Number: 1545–1083.
Regulation Project Number: TD 8434.
Abstract: Internal Revenue Code
section 1503(d) denies use of the losses
of one domestic corporation by another
affiliated domestic corporation where
the loss corporation is also subject to the
income tax of another country. This
regulation allows an affiliate to make
use of the loss if the loss has not been
used in the foreign country and if an
agreement is attached to the income tax
return of the dual resident corporation
or group, to take the loss into income
upon future use of the loss in the foreign
country. The regulation also requires
separate accounting for a dual
consolidated loss where the dual
resident corporation files a consolidated
return.
Current Actions: There is no change to
this existing regulation.
Type of Review: Extension of a
currently approved collection.
Affected Public: Business or other forprofit organizations.
Estimated Number of Respondents:
500.
Estimated Number of Responses: 896.
Estimated Time per Response: 1 hr.,
49 minutes.
Estimated Total Annual Burden
Hours: 1,620.
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.
VerDate Sep<11>2014
13:56 Mar 23, 2017
Jkt 241001
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: March 16, 2017.
Laurie Brimmer,
IRS Tax Analyst.
[FR Doc. 2017–05832 Filed 3–23–17; 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.
Currently, the IRS is soliciting
comments concerning certain transfers
of domestic stock or securities by U.S.
persons to foreign corporations.
DATES: Written comments should be
received on or before May 23, 2017 to
be assured of consideration.
ADDRESSES: Direct all written comments
to Laurie Brimmer, Internal Revenue
Service, Room 6526, 1111 Constitution
Avenue NW., Washington, DC 20224.
FOR FURTHER INFORMATION CONTACT:
Requests for additional information or
copies of the regulations should be
directed to Kerry Dennis at Internal
Revenue Service, Room 6526, 1111
SUMMARY:
PO 00000
Frm 00084
Fmt 4703
Sfmt 4703
15103
Constitution Avenue NW., Washington,
DC 20224, or through the Internet at
Kerry.Dennis@irs.gov.
SUPPLEMENTARY INFORMATION:
Title: Certain Transfers of Domestic
Stock or Securities by U.S. Persons to
Foreign Corporations.
OMB Number: 1545–1478.
Regulation Project Number: INTL–9–
95 (TD 8702).
Abstract: This regulation relates to
certain transfers of stock or securities of
domestic corporations pursuant to the
corporate organization, reorganization,
or liquidation provisions of the internal
Revenue Code. Transfers of stock or
securities by U.S. persons in tax-free
transactions are treated as taxable
transactions when the acquirer is a
foreign corporation, unless an exception
applies under Code section 367(a). This
regulation provides that no U.S. person
will qualify for an exception unless the
U.S. target company complies with
certain reporting requirements.
Current Actions: There is no change to
this existing regulation.
Type of Review: Extension of a
currently approved collection.
Affected Public: Business or other forprofit organizations.
Estimated Number of Responses: 100.
Estimated Time Per Response: 10
hours.
Estimated Total Annual Burden
Hours: 1,000.
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
E:\FR\FM\24MRN1.SGM
24MRN1
]]>Agencies
[Federal Register Volume 82, Number 56 (Friday, March 24, 2017)]
[Notices]
[Pages 15102-15103]
From the Federal Register Online via the Government Publishing Office [www.gpo.gov]
[FR Doc No: 2017-05832]
-----------------------------------------------------------------------
DEPARTMENT OF THE TREASURY
Internal Revenue Service
Proposed Collection; Comment Request for Regulation Project
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. Currently, the IRS is soliciting
[[Page 15103]]
comments concerning treatment of dual consolidated losses.
DATES: Written comments should be received on or before May 23, 2017 to
be assured of consideration.
ADDRESSES: Direct all written comments to Laurie Brimmer, Internal
Revenue Service, Room 6526, 1111 Constitution Avenue NW., Washington,
DC 20224.
FOR FURTHER INFORMATION CONTACT: Requests for additional information or
copies of the regulations should be directed to Kerry Dennis at
Internal Revenue Service, 1111 Constitution Avenue NW., Room 6526,
Washington, DC 20224, or through the internet at Kerry.Dennis@irs.gov.
SUPPLEMENTARY INFORMATION:
Title: Treatment of Dual Consolidated Losses.
OMB Number: 1545-1083.
Regulation Project Number: TD 8434.
Abstract: Internal Revenue Code section 1503(d) denies use of the
losses of one domestic corporation by another affiliated domestic
corporation where the loss corporation is also subject to the income
tax of another country. This regulation allows an affiliate to make use
of the loss if the loss has not been used in the foreign country and if
an agreement is attached to the income tax return of the dual resident
corporation or group, to take the loss into income upon future use of
the loss in the foreign country. The regulation also requires separate
accounting for a dual consolidated loss where the dual resident
corporation files a consolidated return.
Current Actions: There is no change to this existing regulation.
Type of Review: Extension of a currently approved collection.
Affected Public: Business or other for-profit organizations.
Estimated Number of Respondents: 500.
Estimated Number of Responses: 896.
Estimated Time per Response: 1 hr., 49 minutes.
Estimated Total Annual Burden Hours: 1,620.
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: March 16, 2017.
Laurie Brimmer,
IRS Tax Analyst.
[FR Doc. 2017-05832 Filed 3-23-17; 8:45 am]
BILLING CODE 4830-01-P
