Proposed Collection; Comment Request for Regulation Project, 29178 [2017-13341]
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29178
Federal Register / Vol. 82, No. 122 / Tuesday, June 27, 2017 / Notices
Requests for additional information or
copies of the regulation should be
directed to Taquesha Cain, Room 6526,
1111 Constitution Avenue NW.,
Washington, DC 20224, or through the
internet at Taquesha.R.Cain@irs.gov.
SUPPLEMENTARY INFORMATION:
Title: Certain Elections Under the
Technical and Miscellaneous Revenue
Act of 1988 and the Redesignation of
Certain Other Temporary Elections
Regulations.
OMB Number: 1545–1112.
Regulation Project Number: TD 8435
(Reg–301.9100–8).
Abstract: Regulation section
301.9100–8 provides final income,
estate and gift, and employment tax
regulations relating to elections made
under the Technical and Miscellaneous
Revenue Act of 1988. This regulation
enables taxpayers to take advantage of
various benefits provided by the
Internal Revenue Code.
Current Actions: There is no change to
this existing regulation.
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 state, local, or tribal
governments.
Estimated Number of Respondents:
24,105.
Estimated Time per Respondent: 17
minutes.
Estimated Total Annual Burden
Hours: 6,661.
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
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18:33 Jun 26, 2017
Jkt 241001
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: June 19, 2017.
L. Brimmer,
Senior Tax Analyst.
[FR Doc. 2017–13346 Filed 6–26–17; 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 Internal Revenue Service,
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 information
collections, as required by the
Paperwork Reduction Act of 1995. The
IRS is soliciting comments concerning
exclusions from gross income of foreign
corporations.
DATES: Written comments should be
received on or before August 28, 2017
to be assured of consideration.
ADDRESSES: Direct all written comments
to L. Brimmer, Internal Revenue
Service, Room 6526, 1111 Constitution
Avenue NW., Washington, DC 20224.
Requests for additional information or
copies of the regulations should be
directed to Sara Covington, at Internal
Revenue Service, Room 6526, 1111
Constitution Avenue NW., Washington,
DC 20224, or through the Internet, at
Sara.L.Covington@irs.gov.
SUPPLEMENTARY INFORMATION:
Title: Exclusions From Gross Income
of Foreign Corporations.
OMB Number: 1545–1677.
Regulation Project Number: TD 9502.
Abstract: This regulation contains
rules implementing the portions of
section 883(a) and (c) of the Internal
Revenue Code that relate to income
derived by foreign corporations from the
international operation of a ship or
ships or aircraft. The rules provide, in
general, that a foreign corporation
organized in a qualified foreign country
SUMMARY:
PO 00000
Frm 00157
Fmt 4703
Sfmt 9990
and engaged in the international
operation of ships or aircraft shall
exclude qualified income from gross
income for purposes of United States
Federal income taxation, provided that
the corporation can satisfy certain
ownership and related documentation
requirements.
Current Actions: There are no changes
being made to this existing regulation.
Type of Review: Extension of a
currently approved collection.
Affected Public: Businesses or other
for-profit and not-for-profit institutions
and individuals or households.
Estimated Number of Respondents:
16,400.
Estimated Time per Respondent: 1 hr.,
27 min.
Estimated Total Annual Burden
Hours: 23,900.
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: June 19, 2017.
L. Brimmer,
Senior Tax Analyst.
[FR Doc. 2017–13341 Filed 6–26–17; 8:45 am]
BILLING CODE P
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27JNN1
]]>Agencies
[Federal Register Volume 82, Number 122 (Tuesday, June 27, 2017)]
[Notices]
[Page 29178]
From the Federal Register Online via the Government Publishing Office [www.gpo.gov]
[FR Doc No: 2017-13341]
-----------------------------------------------------------------------
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 Internal Revenue Service, 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
information collections, as required by the Paperwork Reduction Act of
1995. The IRS is soliciting comments concerning exclusions from gross
income of foreign corporations.
DATES: Written comments should be received on or before August 28, 2017
to be assured of consideration.
ADDRESSES: Direct all written comments to L. Brimmer, Internal Revenue
Service, Room 6526, 1111 Constitution Avenue NW., Washington, DC 20224.
Requests for additional information or copies of the regulations should
be directed to Sara Covington, at Internal Revenue Service, Room 6526,
1111 Constitution Avenue NW., Washington, DC 20224, or through the
Internet, at Sara.L.Covington@irs.gov.
SUPPLEMENTARY INFORMATION:
Title: Exclusions From Gross Income of Foreign Corporations.
OMB Number: 1545-1677.
Regulation Project Number: TD 9502.
Abstract: This regulation contains rules implementing the portions
of section 883(a) and (c) of the Internal Revenue Code that relate to
income derived by foreign corporations from the international operation
of a ship or ships or aircraft. The rules provide, in general, that a
foreign corporation organized in a qualified foreign country and
engaged in the international operation of ships or aircraft shall
exclude qualified income from gross income for purposes of United
States Federal income taxation, provided that the corporation can
satisfy certain ownership and related documentation requirements.
Current Actions: There are no changes being made to this existing
regulation.
Type of Review: Extension of a currently approved collection.
Affected Public: Businesses or other for-profit and not-for-profit
institutions and individuals or households.
Estimated Number of Respondents: 16,400.
Estimated Time per Respondent: 1 hr., 27 min.
Estimated Total Annual Burden Hours: 23,900.
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: June 19, 2017.
L. Brimmer,
Senior Tax Analyst.
[FR Doc. 2017-13341 Filed 6-26-17; 8:45 am]
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