List of Countries Requiring Cooperation With an International Boycott, 49836 [2011-20318]
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49836
Federal Register / Vol. 76, No. 155 / Thursday, August 11, 2011 / Notices
Office of the Secretary
List of Countries Requiring
Cooperation With an International
Boycott
In accordance with section 999(a)(3)
of the Internal Revenue Code of 1986,
the Department of the Treasury is
publishing a current list of countries
which require or may require
participation in, or cooperation with, an
international boycott (within the
meaning of section 999(b)(3) of the
Internal Revenue Code of 1986).
On the basis of the best information
currently available to the Department of
the Treasury, the following countries
require or may require participation in,
or cooperation with, an international
boycott (within the meaning of section
999(b)(3) of the Internal Revenue Code
of 1986).
Kuwait, Lebanon, Libya, Qatar, Saudi
Arabia, Syria, United Arab Emirates,
Yemen, Republic of
Iraq is not included in this list, but its
status with respect to future lists
remains under review by the
Department of the Treasury.
Dated: August 1, 2011.
Michael J. Caballero,
International Tax Counsel, (Tax Policy).
[FR Doc. 2011–20318 Filed 8–10–11; 8:45 am]
BILLING CODE 4810–25–M
DEPARTMENT OF THE TREASURY
Internal Revenue Service
Proposed Collection; Comment
Request for Form 8621–A
Internal Revenue Service (IRS),
Treasury.
AGENCY:
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
8621–A, Return by a Shareholder
Making Certain Late Elections To End
Treatment as a Passive Foreign
Investment Company.
srobinson on DSK4SPTVN1PROD with NOTICES
SUMMARY:
VerDate Mar<15>2010
15:59 Aug 10, 2011
Jkt 223001
Written comments should be
received on or before October 11, 2011
to be assured of consideration.
ADDRESSES: Direct all written comments
to Yvette Lawrence, 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) 622–3634, at Internal Revenue
Service, Room 6129, 1111 Constitution
Avenue, NW., Washington, DC 20224,
or through the Internet at
RJoseph.Durbala@irs.gov.
DATES:
DEPARTMENT OF THE TREASURY
SUPPLEMENTARY INFORMATION:
Title: Return by a Shareholder Making
Certain Late Elections To End Treatment
as a Passive Foreign Investment
Company.
OMB Number: 1545–1950.
Form Number: 8621–A.
Abstract: Form 8621–A is necessary
for certain taxpayers/shareholders who
are investors in passive foreign
investment companies (PFIC’s) to
request late deemed sale or late deemed
dividend elections (late purging
elections) under Reg. 1.1298–3(e). The
form provides a taxpayer/shareholder
the opportunity to fulfill the
requirements of the regulation in
making the election by asserting the
following: (i) The election is being made
before an IRS agent has raised on audit
the PFIC status of the foreign
corporation for any taxable year of the
taxpayer/shareholder; (ii) the taxpayer/
shareholder is agreeing (by submitting
Form 8621–A) to eliminate any
prejudice to the interests of the U.S.
government on account of the taxpayer/
shareholder’s inability to make timely
purging elections; and (iii) the taxpayer/
shareholder shows as a balance due on
Form 8621–A an amount reflecting tax
plus interest as determined under Reg.
1.1298(e)(3).
Current Actions: There is no change to
the form previously approved by OMB.
However, filing estimates indicate that a
decrease in the estimated number of
responses is necessary. We have
decreased the estimated number of
responses to 12 per year. This results in
a total estimated burden decrease of
42,837 hours per year. This form is
being submitted for renewal purposes.
Type of Review: Revision of a
currently approved collection.
Affected Public: Individuals and
Households, Businesses and other forprofit organizations.
Estimated Number of Respondents:
12.
Estimated Time per Respondent: 65
hours, 24 minutes.
PO 00000
Frm 00112
Fmt 4703
Sfmt 4703
Estimated Total Annual Burden
Hours: 785.
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 2, 2011.
Yvette Lawrence,
IRS Reports Clearance Officer.
[FR Doc. 2011–20379 Filed 8–10–11; 8:45 am]
BILLING CODE 4830–01–P
DEPARTMENT OF THE TREASURY
Internal Revenue Service
Proposed Collection; Comment
Request for Form 8846
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
SUMMARY:
E:\FR\FM\11AUN1.SGM
11AUN1
]]>Agencies
[Federal Register Volume 76, Number 155 (Thursday, August 11, 2011)]
[Notices]
[Page 49836]
From the Federal Register Online via the Government Printing Office [www.gpo.gov]
[FR Doc No: 2011-20318]
[[Page 49836]]
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DEPARTMENT OF THE TREASURY
Office of the Secretary
List of Countries Requiring Cooperation With an International
Boycott
In accordance with section 999(a)(3) of the Internal Revenue Code
of 1986, the Department of the Treasury is publishing a current list of
countries which require or may require participation in, or cooperation
with, an international boycott (within the meaning of section 999(b)(3)
of the Internal Revenue Code of 1986).
On the basis of the best information currently available to the
Department of the Treasury, the following countries require or may
require participation in, or cooperation with, an international boycott
(within the meaning of section 999(b)(3) of the Internal Revenue Code
of 1986).
Kuwait, Lebanon, Libya, Qatar, Saudi Arabia, Syria, United Arab
Emirates, Yemen, Republic of
Iraq is not included in this list, but its status with respect to
future lists remains under review by the Department of the Treasury.
Dated: August 1, 2011.
Michael J. Caballero,
International Tax Counsel, (Tax Policy).
[FR Doc. 2011-20318 Filed 8-10-11; 8:45 am]
BILLING CODE 4810-25-M
