Proposed Collection; Comment Request for Form 8939, 12416-12417 [2011-4998]
Download as PDF
<![CDATA[
srobinson on DSKHWCL6B1PROD with NOTICES
12416
Federal Register / Vol. 76, No. 44 / Monday, March 7, 2011 / Notices
had sold the property at fair market
value unless the RIC or REIT elects
section 1374 treatment or (2) the RIC or
REIT will be subject to section 1374
treatment with respect to the net
recognized built-in-gain, unless the C
corporation elects deemed sale
treatment. The regulation provides that
a section 1374 election is made by filing
a statement, signed by an official
authorized to sign the income tax return
of the RIC or REIT and attached to the
RIC’s or REIT’s Federal income tax
return for the taxable year in which the
property of the C corporation becomes
the property of the RIC or REIT. The
regulation provides that a deemed sale
election is made by filing a statement,
signed by an official authorized to sign
the income tax return of the C
corporation and attached to the C
corporation’s Federal income tax return
for the taxable year in which the
deemed sale occurs.
Current Actions: There are no changes
being made to this existing regulation.
Type of Review: Extension of
currently approved collection.
Affected Public: Business or other forprofit organizations.
Estimated Number of Respondents:
140.
Estimated Time per Respondent: 30
minutes.
Estimated Total Annual Burden
Hours: 70.
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
VerDate Mar<15>2010
17:54 Mar 04, 2011
Jkt 223001
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 1, 2011.
Allan Hopkins,
Tax Analyst.
[FR Doc. 2011–5003 Filed 3–4–11; 8:45 am]
BILLING CODE 4830–01–P
DEPARTMENT OF THE TREASURY
Internal Revenue Service
Proposed Collection; Comment
Request for Form 8834
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
8834, Qualified Electric Vehicle Credit.
DATES: Written comments should be
received on or before May 6, 2011 to be
assured of consideration.
ADDRESSES: Direct all written comments
to Allan Hopkins, 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 Ralph Terry at
Internal Revenue Service, room 6129,
1111 Constitution Avenue, NW.,
Washington, DC 20224, or at (202) 622–
8144, or through the Internet at
Ralph.M.Terry@irs.gov.
SUPPLEMENTARY INFORMATION:
Title: Qualified Electric Vehicle
Credit.
OMB Number: 1545–1374.
Form Number: Form 8834.
Abstract: Internal Revenue Code
section 30 allows a 10% tax credit, not
to exceed $4,000, for qualified electric
vehicles placed in service after June 30,
1993. Form 8834 is used to compute the
allowable credit. The IRS uses the
information on the form to determine
that the credit is allowable and has been
properly computed.
SUMMARY:
PO 00000
Frm 00102
Fmt 4703
Sfmt 4703
Current Actions: There are no changes
being made to the form at this time.
Type of Review: Extension of a
currently approved collection.
Affected Pubic: Individuals or
households and businesses or other forprofit organizations.
Estimated Number of Respondents:
500.
Estimated Time per Respondent: 8
hours, 47 minutes.
Estimated Total Annual Burden
Hours: 4,395.
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 1, 2011.
Allan Hopkins,
Tax Analyst.
[FR Doc. 2011–5001 Filed 3–4–11; 8:45 am]
BILLING CODE 4830–01–P
DEPARTMENT OF THE TREASURY
Internal Revenue Service
Proposed Collection; Comment
Request for Form 8939
Internal Revenue Service (IRS),
Treasury.
AGENCY:
E:\FR\FM\07MRN1.SGM
07MRN1
Federal Register / Vol. 76, No. 44 / Monday, March 7, 2011 / Notices
Notice and request for
comments.
ACTION:
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
8939, Allocation of Increase in Basis for
Property Acquired From a Decedent.
DATES: Written comments should be
received on or before May 6, 2011 to be
assured of consideration.
ADDRESSES: Direct all written comments
to Allan Hopkins, 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 Ralph Terry, (202)
622–8144, at Internal Revenue Service,
Room 6129, 1111 Constitution Avenue,
NW., Washington, DC 20224, or through
the Internet at Ralph.M.Terry@irs.gov.
SUPPLEMENTARY INFORMATION:
Title: Allocation of Increase in Basis
for Property Acquired From a Decedent.
OMB Number: 1545–2203.
Form Number: Form 8939.
Abstract: Section 6018 of the Internal
Revenue Code requires this return to be
filed by an executor the fair market
value of all property (other than cash)
acquired from the decedent is more than
$1.3 million; in the case of a decedent
who was a nonresident not a citizen of
the United States, the fair market value
of tangible property situated in the
United States and other property
acquired from the decedent by a United
States person is greater than $60,000; or
appreciated property is acquired from
the decedent that the decedent acquired
by gift within three years of death and
a gift tax return was required to be filed
on the transfer to the decedent. Section
6018(e) also requires executors who
must file Form 8939 to provide the same
information to recipients of the property
as the executor must provide to the IRS.
Current Actions: There is no change
in the paperwork burden previously
approved by OMB.
Type of Review: Extension of a
currently approved collection.
Affected Public: Individuals or
households, business or other for-profit
groups, not-for-profit institutions, farms,
Federal Government, State, Local, or
Tribal Governments.
srobinson on DSKHWCL6B1PROD with NOTICES
SUMMARY:
VerDate Mar<15>2010
17:54 Mar 04, 2011
Jkt 223001
Estimated Number of Respondents:
188,000.
Estimated Time per Respondent: 9
hours 11 minutes.
Estimated Total Annual Burden
Hours: 1,725,090.
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 1, 2011.
Allan Hopkins,
Tax Analyst.
[FR Doc. 2011–4998 Filed 3–4–11; 8:45 am]
BILLING CODE 4830–01–P
DEPARTMENT OF THE TREASURY
Internal Revenue Service
Proposed Collection; Comment
Request for Form 8925
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
SUMMARY:
PO 00000
Frm 00103
Fmt 4703
Sfmt 4703
12417
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
8925, Report of Employer-Owned Life
Insurance Contracts.
DATES: Written comments should be
received on or before May 6, 2011 to be
assured of consideration.
ADDRESSES: Direct all written comments
to Allan Hopkins, 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 Ralph Terry, (202)
622–8144, at Internal Revenue Service,
room 6129, 1111 Constitution Avenue,
NW., Washington, DC 20224, or through
the Internet at Ralph.M.Terry@irs.gov.
SUPPLEMENTARY INFORMATION:
Title: Report of Employer-Owned Life
Insurance Contracts.
OMB Number: 1545–2089.
Form Number: Form 8925.
Abstract: Form 8925, Report of
Employer-Owned Life Insurance
Contracts, is used by a policyholder
(who is engaged in a trade or business
which employs the person insured and
who is a direct or indirect beneficiary)
to report certain information concerning
the number of employees covered by
employer-owned life insurance in force
on those employees at the end of the tax
year.
Current Actions: There is no change
in the paperwork burden previously
approved by OMB. This form is being
submitted for renewal purposes only.
Type of Review: Extension of a
currently approved collection.
Affected Public: Businesses and other
for-profit organizations, Farms.
Estimated Number of Respondents:
16,000.
Estimated Time per Respondent: 4
hours 28 minutes.
Estimated Total Annual Burden
Hours: 71,360.
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.
E:\FR\FM\07MRN1.SGM
07MRN1
]]>Agencies
[Federal Register Volume 76, Number 44 (Monday, March 7, 2011)]
[Notices]
[Pages 12416-12417]
From the Federal Register Online via the Government Printing Office [www.gpo.gov]
[FR Doc No: 2011-4998]
-----------------------------------------------------------------------
DEPARTMENT OF THE TREASURY
Internal Revenue Service
Proposed Collection; Comment Request for Form 8939
AGENCY: Internal Revenue Service (IRS), Treasury.
[[Page 12417]]
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 8939, Allocation of Increase in Basis for Property Acquired From a
Decedent.
DATES: Written comments should be received on or before May 6, 2011 to
be assured of consideration.
ADDRESSES: Direct all written comments to Allan Hopkins, 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 Ralph Terry,
(202) 622-8144, at Internal Revenue Service, Room 6129, 1111
Constitution Avenue, NW., Washington, DC 20224, or through the Internet
at Ralph.M.Terry@irs.gov.
SUPPLEMENTARY INFORMATION:
Title: Allocation of Increase in Basis for Property Acquired From a
Decedent.
OMB Number: 1545-2203.
Form Number: Form 8939.
Abstract: Section 6018 of the Internal Revenue Code requires this
return to be filed by an executor the fair market value of all property
(other than cash) acquired from the decedent is more than $1.3 million;
in the case of a decedent who was a nonresident not a citizen of the
United States, the fair market value of tangible property situated in
the United States and other property acquired from the decedent by a
United States person is greater than $60,000; or appreciated property
is acquired from the decedent that the decedent acquired by gift within
three years of death and a gift tax return was required to be filed on
the transfer to the decedent. Section 6018(e) also requires executors
who must file Form 8939 to provide the same information to recipients
of the property as the executor must provide to the IRS.
Current Actions: There is no change in the paperwork burden
previously approved by OMB.
Type of Review: Extension of a currently approved collection.
Affected Public: Individuals or households, business or other for-
profit groups, not-for-profit institutions, farms, Federal Government,
State, Local, or Tribal Governments.
Estimated Number of Respondents: 188,000.
Estimated Time per Respondent: 9 hours 11 minutes.
Estimated Total Annual Burden Hours: 1,725,090.
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 1, 2011.
Allan Hopkins,
Tax Analyst.
[FR Doc. 2011-4998 Filed 3-4-11; 8:45 am]
BILLING CODE 4830-01-P
