Proposed Collection; Comment Request for Form 1099-A, 35579-35580 [2017-16009]
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35579
Federal Register / Vol. 82, No. 145 / Monday, July 31, 2017 / Notices
United States Tax Withholding and
Reporting, and the EW–8 MOU Program.
DATES: Written comments should be
received on or before September 29,
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 form and instructions
should be directed to Martha R. Brinson,
Internal Revenue Service, Room 6526,
1111 Constitution Avenue NW.,
Washington, DC 20224 or through the
Internet at Martha.R.Brinson@irs.gov.
SUPPLEMENTARY INFORMATION:
Title: Form W–8BEN, Certificate of
Foreign Status of Beneficial Owner for
United States Tax Withholding and
Reporting (Individual), W–8BEN–E,
Certificate of Status of Beneficial Owner
for United States Tax Withholding and
Reporting (Entities), Form W–8ECI,
Certificate of Foreign Person’s Claim
That Income Is Effectively Connected
With the Conduct of a Trade or Business
in the United States, Form W–8EXP,
Certificate of Foreign Government or
Other Foreign Organization for United
States Tax Withholding and Reporting,
Form W–8IMY, Certificate of Foreign
Intermediary, Foreign Flow-Through
Entity, or Certain U.S. Branches for
United States Tax Withholding and
Reporting.
OMB Number: 1545–1621.
Form Number: W–8BEN, W–8BEN–E,
W–8ECI, W–8EXP, and W–8IMY.
Abstract: Form W–8BEN is used for
certain types of income to establish that
the person is a foreign person, is the
beneficial owner of the income for
which Form W–8BEN is being provided
and, if applicable, to claim a reduced
rate of, or exemption from, withholding
as a resident of a foreign country with
which the United States has an income
tax treaty.
Form W–8ECI is used to establish that
the person is a foreign person and the
beneficial owner of the income for
which Form W–8ECI is being provided,
and to claim that the income is
effectively connected with the conduct
of a trade or business within the United
States. Form W–8EXP is used by a
foreign government, international
organization, foreign central bank of
issue, foreign tax-exempt organization,
or foreign private foundation. The form
is used by such persons to establish
foreign status, to claim that the person
is the beneficial owner of the income for
which Form W–8EXP is given and, if
applicable, to claim a reduced rate of, or
exemption from, withholding. Form W–
8IMY is provided to a withholding agent
or payer by a foreign intermediary,
foreign partnership, and certain U.S.
branches to make representations
regarding the status of beneficial owners
or to transmit appropriate
documentation to the withholding
agent. Reg. § 1.1441–1(e)(4)(iv) provides
that a withholding agent may establish
a system for a beneficial owner to
electronically furnish a Form W–8 or an
acceptable substitute Form W–8.
Withholding agents with systems that
electronically collect Forms W–8 may
voluntarily choose to participate in the
IRS EW–8 MOU Program. The EW–8
MOU Program is a collaborative process
between the withholding agents and
IRS.
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, business
or other for-profit organizations, and
not-for-profit institutions.
Number
respondents
Total annual
burden hours
W–8BEN .............................................................................................................................
W–8BEN–E ........................................................................................................................
W–8ECI ..............................................................................................................................
W–8EXP .............................................................................................................................
W–8IMY ..............................................................................................................................
2,900,000
100,000
180,000
240
400
7.18
25.23
9.13
20.05
25.23
20,822,000
2,523,000
1,643,400
4,812
10,092
Total ......................................................................................................................................
sradovich on DSKBCFCHB2PROD with NOTICES
Form
Form
Form
Form
Form
Time per
respondent
(hrs.)
3,180,641
........................
25,003,304
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
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17:38 Jul 28, 2017
Jkt 241001
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: July 19, 2017.
L. Brimmer,
Senior Tax Analyst.
[FR Doc. 2017–16010 Filed 7–28–17; 8:45 am]
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DEPARTMENT OF THE TREASURY
Internal Revenue Service
Proposed Collection; Comment
Request for Form 1099–A
Internal Revenue Service (IRS),
Treasury.
AGENCY:
Notice and request for
comments.
ACTION:
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 proposed
and/or continuing information
collections, as required by the
Paperwork Reduction Act of 1995. The
IRS is soliciting comments concerning
Form 1099–A, Acquisition or
Abandonment of Secured Property.
SUMMARY:
E:\FR\FM\31JYN1.SGM
31JYN1
35580
Federal Register / Vol. 82, No. 145 / Monday, July 31, 2017 / Notices
Written comments should be
received on or before September 29,
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 forms and instructions
should be directed to Sara Covington,
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: Acquisition or Abandonment of
Secured Property. OMB Number: 1545–
0877.
Form Number: 1099–A.
Abstract: Form 1099–A is used by
persons who lend money in connection
with a trade or business, and who
acquire an interest in the property that
is security for the loan or who have
reason to know that the property has
been abandoned, to report the
acquisition or abandonment.
Current Actions: There are no changes
being made to the form approved under
this collection. However, changes to the
estimated number of filers (616,300 to
563,000), will result in a total burden
decrease of 8528 (98608 minus 90808).
Type of Review: Revision of a current
OMB approval.
Affected Public: Businesses or other
for-profit organizations.
Estimated Number of Responses:
563,000.
Estimated Time per Response: 9 min.
Estimated Total Annual Burden
Hours: 90,808.
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;
sradovich on DSKBCFCHB2PROD with NOTICES
DATES:
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17:38 Jul 28, 2017
Jkt 241001
(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.
These regulations apply to corporations
filing consolidated returns, both during
and after the period of affiliation, and
also affect purchasers of the stock of
members of a consolidated group. The
information with respect to § 1.337(d)–
2(c)(1) and (3) is necessary to ensure
that loss is not disallowed under
§ 1.337(d)–2(a) and basis is not reduced
under § 1.337(d)–2(b) to the extent the
taxpayer establishes that the loss or
basis is not attributable to the
recognition of built-in gain on the
disposition of an asset. The information
Approved: July 24, 2017.
with respect to § 1.1502–32(b)(4)(vii)(C)
L. Brimmer,
is necessary to allow the taxpayer to
Senior Tax Analyst.
amend an election that would benefit
[FR Doc. 2017–16009 Filed 7–28–17; 8:45 am]
the taxpayer, i.e., to amend its waiver
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under § 1.1502–32(b)(4), so that it may
use its acquired subsidiary’s losses.
Current Actions: There is no change to
DEPARTMENT OF THE TREASURY
this existing regulation.
Type of Review: Extension of a
Internal Revenue Service
currently approved collection.
Affected Public: Business or other forProposed Collection; Comment
profit.
Request for Regulation Project
Estimated Number of Respondents:
3,850.
AGENCY: Internal Revenue Service (IRS),
Estimated Time Per Respondent: 2
Treasury.
hours.
ACTION: Notice and request for
Estimated Total Annual Burden
comments.
Hours: 7,700.
The following paragraph applies to all
SUMMARY: The Internal Revenue Service,
of the collections of information covered
as part of its continuing effort to reduce
by this notice.
paperwork and respondent burden,
An agency may not conduct or
invites the general public and other
sponsor, and a person is not required to
Federal agencies to take this
respond to, a collection of information
opportunity to comment on continuing
unless the collection of information
information collections, as required by
displays a valid OMB control number.
the Paperwork Reduction Act of 1995.
Books or records relating to a collection
The IRS is soliciting comments
of information must be retained as long
concerning extensions of time to elect
as their contents may become material
method for determining allowable loss.
in the administration of any internal
DATES: Written comments should be
revenue law. Generally, tax returns and
received on or before September 29,
tax return information are confidential,
2017 to be assured of consideration.
as required by 26 U.S.C. 6103.
ADDRESSES: Direct all written comments
REQUEST FOR COMMENTS: Comments
to L. Brimmer, Internal Revenue
submitted in response to this notice will
Service, Room 6529, 1111 Constitution
be summarized and/or included in the
Avenue NW., Washington, DC 20224.
request for OMB approval. All
Requests for additional information or
comments will become a matter of
copies of the regulations should be
public record. Comments are invited on:
directed to Kerry Dennis, Internal
(a) Whether the collection of
Revenue Service, Room 6529, 1111
information is necessary for the proper
Constitution Avenue NW., Washington
performance of the functions of the
DC 20224, or through the internet, at
agency, including whether the
Kerry.Dennis@irs.gov.
information shall have practical utility;
(b) the accuracy of the agency’s estimate
SUPPLEMENTARY INFORMATION:
of the burden of the collection of
Title: Extensions of Time to Elect
information; (c) ways to enhance the
Method for Determining Allowable
quality, utility, and clarity of the
Loss.
information to be collected; (d) ways to
OMB Number: 1545–1774.
Regulation Project Number: T.D. 9187. minimize the burden of the collection of
information on respondents, including
Abstract: Regulations under sections
337(d) and 1502 of the Internal Revenue through the use of automated collection
techniques or other forms of information
Code (Code) disallow certain losses
technology; and (e) estimates of capital
recognized on sales of subsidiary stock
or start-up costs and costs of operation,
by members of a consolidated group.
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]]>Agencies
[Federal Register Volume 82, Number 145 (Monday, July 31, 2017)]
[Notices]
[Pages 35579-35580]
From the Federal Register Online via the Government Publishing Office [www.gpo.gov]
[FR Doc No: 2017-16009]
-----------------------------------------------------------------------
DEPARTMENT OF THE TREASURY
Internal Revenue Service
Proposed Collection; Comment Request for Form 1099-A
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
proposed and/or continuing information collections, as required by the
Paperwork Reduction Act of 1995. The IRS is soliciting comments
concerning Form 1099-A, Acquisition or Abandonment of Secured Property.
[[Page 35580]]
DATES: Written comments should be received on or before September 29,
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 forms and
instructions should be directed to Sara Covington, 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: Acquisition or Abandonment of Secured Property. OMB Number:
1545-0877.
Form Number: 1099-A.
Abstract: Form 1099-A is used by persons who lend money in
connection with a trade or business, and who acquire an interest in the
property that is security for the loan or who have reason to know that
the property has been abandoned, to report the acquisition or
abandonment.
Current Actions: There are no changes being made to the form
approved under this collection. However, changes to the estimated
number of filers (616,300 to 563,000), will result in a total burden
decrease of 8528 (98608 minus 90808).
Type of Review: Revision of a current OMB approval.
Affected Public: Businesses or other for-profit organizations.
Estimated Number of Responses: 563,000.
Estimated Time per Response: 9 min.
Estimated Total Annual Burden Hours: 90,808.
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: July 24, 2017.
L. Brimmer,
Senior Tax Analyst.
[FR Doc. 2017-16009 Filed 7-28-17; 8:45 am]
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