Proposed Collection; Comment Request for Form 8846, 49836-49837 [2011-20381]
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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
Federal Register / Vol. 76, No. 155 / Thursday, August 11, 2011 / Notices
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
8846, Credit for Employer Social
Security and Medicare Taxes Paid on
Certain Employee Tips.
DATES: 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,
at (202) 622–3634, or at Internal
Revenue Service, Room 6129, 1111
Constitution Avenue, NW., Washington,
DC 20224, or through the Internet at
RJoseph.Durbala@irs.gov.
srobinson on DSK4SPTVN1PROD with NOTICES
SUPPLEMENTARY INFORMATION:
Title: Credit for Employer Social
Security and Medicare Taxes Paid on
Certain Employee Tips.
OMB Number: 1545–1414.
Form Number: 8846.
Abstract: Employers in food or
beverage establishments where tipping
is customary can claim an income tax
credit for the amount of social security
and Medicare taxes paid (employer’s
share) on tips employees reported, other
than on tips used to meet the minimum
wage requirement. Form 8846 is used by
employers to claim the credit and by the
IRS to verify that the credit is computed
correctly.
Current Actions: Lines 7 through 11
will be removed, since the passive
activity limit and the carryover amounts
will be calculated on Form 3800. This
and other editorial changes will result
in a total burden increase of 18,228
hours.
Type of Review: Revision of a
currently approved collection.
Affected Public: Businesses or other
for-profit organizations.
Estimated Number of Respondents:
37,200.
Estimated Time per Respondent: 4 hr.,
20 min.
Estimated Total Annual Burden
Hours: 161,448.
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
VerDate Mar<15>2010
15:59 Aug 10, 2011
Jkt 223001
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.
R. Joseph Durbala,
IRS Reports Clearance Officer.
[FR Doc. 2011–20381 Filed 8–10–11; 8:45 am]
BILLING CODE 4830–01–P
DEPARTMENT OF THE TREASURY
Internal Revenue Service
Agency Information Collection
Activity; Proposed Collection
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)).
SUMMARY:
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
DATES:
PO 00000
Frm 00113
Fmt 4703
Sfmt 4703
49837
copies of the regulations should be
directed to R. Joseph Durbala at Internal
Revenue Service, Room 6129, 1111
Constitution Avenue, NW., Washington,
DC 20224, or at (202) 622–3634, or
through the Internet at
RJoseph.Durbala@irs.gov.
SUPPLEMENTARY INFORMATION:
Title: Automatic Contribution
Arrangements.
OMB Number: 1545–2135.
Regulation Project Number: REG–
133300–07 (TD 9447—final).
Abstract: The proposed regulations
provide guidance on how a qualified
cash or deferred arrangement can
become a qualified automatic
contribution arrangement and avoid the
ADP test of section 401(k)(3)(A)(ii). The
proposed regulations also provide
guidance on how an automatic
contribution arrangement can permit an
employee to make withdrawals from an
eligible automatic contribution
arrangement that he did not wish to
have the employer make.
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:
30,000.
Estimated Time per Respondent: 60
minutes.
Estimated Total Annual Burden
Hours: 30,000.
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
E:\FR\FM\11AUN1.SGM
11AUN1
]]>Agencies
[Federal Register Volume 76, Number 155 (Thursday, August 11, 2011)]
[Notices]
[Pages 49836-49837]
From the Federal Register Online via the Government Printing Office [www.gpo.gov]
[FR Doc No: 2011-20381]
-----------------------------------------------------------------------
DEPARTMENT OF THE TREASURY
Internal Revenue Service
Proposed Collection; Comment Request for Form 8846
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
[[Page 49837]]
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 8846, Credit for Employer Social Security and Medicare Taxes Paid
on Certain Employee Tips.
DATES: 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, at (202) 622-3634, or at Internal Revenue Service, Room 6129,
1111 Constitution Avenue, NW., Washington, DC 20224, or through the
Internet at RJoseph.Durbala@irs.gov.
SUPPLEMENTARY INFORMATION:
Title: Credit for Employer Social Security and Medicare Taxes Paid
on Certain Employee Tips.
OMB Number: 1545-1414.
Form Number: 8846.
Abstract: Employers in food or beverage establishments where
tipping is customary can claim an income tax credit for the amount of
social security and Medicare taxes paid (employer's share) on tips
employees reported, other than on tips used to meet the minimum wage
requirement. Form 8846 is used by employers to claim the credit and by
the IRS to verify that the credit is computed correctly.
Current Actions: Lines 7 through 11 will be removed, since the
passive activity limit and the carryover amounts will be calculated on
Form 3800. This and other editorial changes will result in a total
burden increase of 18,228 hours.
Type of Review: Revision of a currently approved collection.
Affected Public: Businesses or other for-profit organizations.
Estimated Number of Respondents: 37,200.
Estimated Time per Respondent: 4 hr., 20 min.
Estimated Total Annual Burden Hours: 161,448.
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.
R. Joseph Durbala,
IRS Reports Clearance Officer.
[FR Doc. 2011-20381 Filed 8-10-11; 8:45 am]
BILLING CODE 4830-01-P
