Proposed Collection; Comment Request for Regulation Project, 63993-63994 [2011-26682]
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Federal Register / Vol. 76, No. 199 / Friday, October 14, 2011 / Notices
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: October 5, 2011.
Yvette B. Lawrence,
IRS Reports Clearance Officer.
[FR Doc. 2011–26679 Filed 10–13–11; 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 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 BelowMarket Loans.
DATES: Written comments should be
received on or before December 13, 2011
to be assured of consideration.
ADDRESSES: Direct all written comments
to Yvette B. 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 regulation should be
directed to Elaine Christophe, at (202)
622–3179, or at Internal Revenue
Service, room 6129, 1111 Constitution
Avenue NW., Washington, DC 20224, or
through the Internet at
Elaine.H.Christophe@irs.gov.
SUPPLEMENTARY INFORMATION:
tkelley on DSK3SPTVN1PROD with NOTICES
SUMMARY:
VerDate Mar<15>2010
15:20 Oct 13, 2011
Jkt 226001
Title: Below-Market Loans.
OMB Number: 1545–0913. Regulation
Project Number: FI–165–84 (Notice of
Proposed rulemaking).
Abstract: Internal Revenue Code
section 7872 recharacterizes a belowmarket loan as a market rate loan and
an additional transfer by the lender to
the borrower equal to the amount of
imputed interest. The regulation
requires both the lender and the
borrower to attach a statement to their
respective income tax returns for years
in which they have imputed income or
claim imputed deductions under Code
section 7872.
Current Actions: There is no change to
this existing regulation.
Type of Review: Extension of a
currently approved collection.
Affected Public: Individuals or
households, and business or other forprofit organizations.
Estimated Number of Respondents:
1,631,202.
Estimated Time per Respondent: 18
min.
Estimated Total Annual Burden
Hours: 481,722.
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.
PO 00000
Frm 00093
Fmt 4703
Sfmt 4703
63993
Approved: October 5, 2011.
Yvette B. Lawrence,
IRS Reports Clearance Officer.
[FR Doc. 2011–26680 Filed 10–13–11; 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 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 the
Implementation of Form 990.
DATES: Written comments should be
received on or before December 13, 2011
to be assured of consideration.
ADDRESSES: Direct all written comments
to Yvette B. 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 regulations should be
directed to Elaine Christophe at Internal
Revenue Service, Room 6129, 1111
Constitution Avenue NW., Washington,
DC 20224, or at (202) 622–3179, or
through the Internet at
Elaine.H.Christophe@irs.gov.
SUMMARY:
SUPPLEMENTARY INFORMATION:
Title: Implementation of Form 990.
OMB Number: 1545–2117.
Regulation Project Number: TD 9423
& TD 9549.
Abstract: This document contains
final regulations necessary to implement
the redesigned Form 990, ‘‘Return of
Organization Exempt From Income
Tax.’’ The final regulations contained in
TD 9549 make revisions to the
regulations to allow for new threshold
amounts for reporting compensation, to
require that compensation be reported
on a calendar year basis, and to modify
the scope of organizations subject to
information reporting requirements
upon a substantial contraction. The final
regulations also eliminate the advance
ruling process for new organizations,
E:\FR\FM\14OCN1.SGM
14OCN1
tkelley on DSK3SPTVN1PROD with NOTICES
63994
Federal Register / Vol. 76, No. 199 / Friday, October 14, 2011 / Notices
change the public support computation
period for publicly supported
organizations to five years, consistent
with the revised Form 990, and clarify
that support must be reported using the
organization’s overall method of
accounting. All tax-exempt
organizations required to file annual
information returns are affected by these
regulations.
Current Actions: TD 9423 is being
modified by TD 9549 published on
September 8, 2011. TD 9423 is also
being submitted for renewal purposes.
Affected Public: Not-for-profit
organizations.
Estimated Number of Respondents: 1.
Estimated Time per Respondent: 1
hour.
Estimated Total Annual Burden
Hours: 1.
Current Actions: Final TD 9549 is
being added to this set of information
collections.
Affected Public: Not-for-profit
organizations.
Estimated Number of Respondents: 1.
Estimated Time per Respondent: 1
hour.
Estimated Total Annual Burden
Hours: 1.
Type of Review: Revision of a
currently approved collection.
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
VerDate Mar<15>2010
15:20 Oct 13, 2011
Jkt 226001
or start-up costs and costs of operation,
maintenance, and purchase of services
to provide information.
Approved: October 5, 2011.
Yvette B. Lawrence,
IRS Reports Clearance Officer.
[FR Doc. 2011–26682 Filed 10–13–11; 8:45 am]
BILLING CODE 4830–01–P
DEPARTMENT OF THE TREASURY
Internal Revenue Service
Proposed Collection; Comment
Request for Form 8927
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
8927, Determination Under Section
860(e)(4) by a Qualified Investment
Entity.
DATES: Written comments should be
received on or before December 13, 2011
to be assured of consideration.
ADDRESSES: Direct all written comments
to Yvette B. 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 Elaine Christophe,
(202) 622–3179, at Internal Revenue
Service, room 6129, 1111 Constitution
Avenue, NW., Washington, DC 20224,
or through the Internet at
Elaine.H.Christophe@irs.gov.
SUPPLEMENTARY INFORMATION:
Title: Determination Under Section
860(e)(4) by a Qualified Investment
Entity.
OMB Number: 1545–2130.
Form Number: Form 8927.
Abstract: The American Jobs Creation
Act of 2004 (AJCA) expanded the
meaning of the term ‘‘determination’’ to
include self-determinations made by a
regulated investment company (RIC) or
a real estate investment trust (REIT). IRC
section 860(g) provides that no
deficiency dividend deduction shall be
allowed under IRC section 860(a) unless
SUMMARY:
PO 00000
Frm 00094
Fmt 4703
Sfmt 9990
a claim is filed within 120 days after the
date of the determination. Form 8927 is
used by the RIC or REIT to establish the
date of determination under IRC section
860(e)(4).
Current Actions: There are no changes
being made to the Form 8927 at this
time.
Type of Review: Extension of a
currently approved collection.
Affected Public: Individuals or
households.
Estimated Number of Respondents:
50.
Estimated Time per Respondent: 2
hours 48 minutes.
Estimated Total Annual Burden
Hours: 140.
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: October 5, 2011.
Yvette B. Lawrence,
IRS Reports Clearance Officer.
[FR Doc. 2011–26683 Filed 10–13–11; 8:45 am]
BILLING CODE 4830–01–P
E:\FR\FM\14OCN1.SGM
14OCN1
]]>Agencies
[Federal Register Volume 76, Number 199 (Friday, October 14, 2011)]
[Notices]
[Pages 63993-63994]
From the Federal Register Online via the Government Printing Office [www.gpo.gov]
[FR Doc No: 2011-26682]
-----------------------------------------------------------------------
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 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
the Implementation of Form 990.
DATES: Written comments should be received on or before December 13,
2011 to be assured of consideration.
ADDRESSES: Direct all written comments to Yvette B. 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 regulations should be directed to Elaine Christophe at
Internal Revenue Service, Room 6129, 1111 Constitution Avenue NW.,
Washington, DC 20224, or at (202) 622-3179, or through the Internet at
Elaine.H.Christophe@irs.gov.
SUPPLEMENTARY INFORMATION:
Title: Implementation of Form 990.
OMB Number: 1545-2117.
Regulation Project Number: TD 9423 & TD 9549.
Abstract: This document contains final regulations necessary to
implement the redesigned Form 990, ``Return of Organization Exempt From
Income Tax.'' The final regulations contained in TD 9549 make revisions
to the regulations to allow for new threshold amounts for reporting
compensation, to require that compensation be reported on a calendar
year basis, and to modify the scope of organizations subject to
information reporting requirements upon a substantial contraction. The
final regulations also eliminate the advance ruling process for new
organizations,
[[Page 63994]]
change the public support computation period for publicly supported
organizations to five years, consistent with the revised Form 990, and
clarify that support must be reported using the organization's overall
method of accounting. All tax-exempt organizations required to file
annual information returns are affected by these regulations.
Current Actions: TD 9423 is being modified by TD 9549 published on
September 8, 2011. TD 9423 is also being submitted for renewal
purposes.
Affected Public: Not-for-profit organizations.
Estimated Number of Respondents: 1.
Estimated Time per Respondent: 1 hour.
Estimated Total Annual Burden Hours: 1.
Current Actions: Final TD 9549 is being added to this set of
information collections.
Affected Public: Not-for-profit organizations.
Estimated Number of Respondents: 1.
Estimated Time per Respondent: 1 hour.
Estimated Total Annual Burden Hours: 1.
Type of Review: Revision of a currently approved collection.
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: October 5, 2011.
Yvette B. Lawrence,
IRS Reports Clearance Officer.
[FR Doc. 2011-26682 Filed 10-13-11; 8:45 am]
BILLING CODE 4830-01-P
