Proposed Collection; Comment Request for Form 8939, 4883-4884 [2012-1971]
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Federal Register / Vol. 77, No. 20 / Tuesday, January 31, 2012 / Notices
with the requirements of 49 U.S.C.
31315 and 31136(e). Comments received
after the comment closing date will be
filed in the public docket and will be
considered to the extent practicable.
Issued on: January 20, 2012.
Larry W. Minor,
Associate Administrator for Policy.
[FR Doc. 2012–1983 Filed 1–30–12; 8:45 am]
BILLING CODE 4910–EX–P
DEPARTMENT OF THE TREASURY
Agency Information Collection
Activities: Submission for OMB
Review; Comment Request
Office of the Comptroller of the
Currency (OCC), Treasury.
ACTION: Notice and request for comment.
AGENCY:
The OCC, 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 a continuing information
collection, as required by the Paperwork
Reduction Act of 1995. An agency may
not conduct or sponsor, and a
respondent is not required to respond
to, an information collection unless the
information collection displays a
currently valid OMB control number.
Currently, the OCC is soliciting
comment concerning its extension,
without change, of an information
collection titled, ‘‘Release of Non-Public
Information—12 CFR 4, Subpart C.’’ The
OCC is also giving notice that it has
submitted the collection to OMB for
review.
SUMMARY:
You should submit written
comments by March 1, 2012.
ADDRESSES: You should direct all
written comments to: Communications
Division, Office of the Comptroller of
the Currency, Public Information Room,
Mailstop 1–5, Attention: 1557–0200,
250 E Street SW., Washington, DC
20219. In addition, comments may be
sent by fax to (202) 874–4448, or by
electronic mail to
regs.comments@occ.treas.gov. You can
inspect and photocopy the comments at
the OCC’s Public Information Room, 250
E Street SW., Washington, DC 20219.
For security reasons, the OCC requires
that visitors make an appointment to
inspect comments. You may do so by
calling (202) 874–5043. Upon arrival,
visitors will be required to present valid
government-issued photo identification
and submit to security screening in
order to inspect and photocopy
comments.
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DATES:
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Additionally, you should send a copy
of your comments to: OCC Desk Officer,
1557–0200, by mail to U.S. Office of
Management and Budget, 725 17th
Street NW., #10235, Washington, DC
20503, or by fax to (202) 395–6974.
FOR FURTHER INFORMATION CONTACT: You
can request additional information or a
copy of the collection from Ira L. Mills
(202) 874–6055 or Mary H. Gottlieb
(202) 874–5090, OCC Clearance Officers,
Legislative and Regulatory Activities
Division, Office of the Comptroller of
the Currency, 250 E Street SW.,
Washington, DC 20219.
SUPPLEMENTARY INFORMATION: The OCC
is proposing to extend OMB approval of
the following information collection:
Title: Release of Non-Public
Information—12 CFR 4, Subpart C.
OMB Control No.: 1557–0200.
Form No.: None.
Description: This submission covers
an existing regulation and involves no
change to the regulation or to the
information collections embodied in the
regulation. The OCC requests only that
OMB renew its approval of the
information collections in the current
regulation.
The information requirements require
individuals who are requesting nonpublic OCC information to provide the
OCC with information regarding the
requester’s legal grounds for the request.
Release of non-public OCC information
when the requester did not have
sufficient legal grounds to obtain the
information would inhibit open
consultation between a bank and the
OCC, thereby impairing the OCC’s
supervisory and regulatory mission. The
OCC is entitled, under statute and case
law, to require requesters to
demonstrate that they have sufficient
legal grounds for the OCC to release
non-public OCC information. The OCC
needs to know the requester’s legal
grounds to determine if it should release
the requested non-public OCC
information.
The information requirements in 12
CFR part 4, subpart C, are located as
follows:
• 12 CFR 4.33: Request for non-public
OCC records or testimony.
• 12 CFR 4.35(b)(3): Third parties
requesting testimony.
• 12 CFR 4.37(a)(2): Current or former
OCC employee notifying OCC of
subpoena.
• 12 CFR 4.37(a) and (b): Limitation
on dissemination of released
information.
• 12 CFR 4.39(d): Request for
authenticated records or certificate of
nonexistence of records.
The OCC uses the information to
process requests for non-public OCC
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Fmt 4703
Sfmt 4703
4883
information and to determine if
sufficient grounds exist for the OCC to
release the requested information or
provide testimony. This information
collection makes the mechanism for
processing requests more efficient and
facilitates and expedites the OCC’s
release of non-public information and
testimony to the requester.
Type of Review: Regular.
Affected Public: Businesses or other
for-profit; individuals.
Estimated Number of Respondents:
195.
Estimated Frequency of Response: On
occasion.
Estimated Total Annual Burden: 592
hours.
On November 25, 2011, the OCC
published a notice in the Federal
Register soliciting comment for 60 days
on this information collection (76 FR
72764). No comments were received.
Comments continue to be invited on:
(a) Whether the collection of
information is necessary for the proper
performance of the functions of the
agency, including whether the
information has 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 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.
Dated: January 25, 2012.
Michele Meyer,
Assistant Director, Legislative & Regulatory
Activities Division.
[FR Doc. 2012–2011 Filed 1–30–12; 8:45 am]
BILLING CODE 4810–33–P
DEPARTMENT OF THE TREASURY
Internal Revenue Service
Proposed Collection; Comment
Request for Form 8939
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:
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31JAN1
4884
Federal Register / Vol. 77, No. 20 / Tuesday, January 31, 2012 / Notices
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 April 2, 2012 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 Allan Hopkins,
(202) 622–6665, at Internal Revenue
Service, room 6129, 1111 Constitution
Avenue NW., Washington, DC 20224, or
through the internet at
Allan.M.Hopkins@irs.gov.
SUPPLEMENTARY INFORMATION:
wreier-aviles on DSK5TPTVN1PROD with NOTICES
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
VerDate Mar<15>2010
15:20 Jan 30, 2012
Jkt 226001
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:
48,000.
Estimated Time per Respondent: 51
hours 43 minutes.
Estimated Total Annual Burden
Hours: 2,482,080.
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.
PO 00000
Frm 00128
Fmt 4703
Sfmt 9990
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: January 25, 2012.
Allan Hopkins,
Tax Analyst.
[FR Doc. 2012–1971 Filed 1–30–12; 8:45 am]
BILLING CODE 4830–01–P
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]]>Agencies
[Federal Register Volume 77, Number 20 (Tuesday, January 31, 2012)]
[Notices]
[Pages 4883-4884]
From the Federal Register Online via the Government Printing Office [www.gpo.gov]
[FR Doc No: 2012-1971]
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DEPARTMENT OF THE TREASURY
Internal Revenue Service
Proposed Collection; Comment Request for Form 8939
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
[[Page 4884]]
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 April 2, 2012
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 Allan
Hopkins, (202) 622-6665, at Internal Revenue Service, room 6129, 1111
Constitution Avenue NW., Washington, DC 20224, or through the internet
at Allan.M.Hopkins@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: 48,000.
Estimated Time per Respondent: 51 hours 43 minutes.
Estimated Total Annual Burden Hours: 2,482,080.
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: January 25, 2012.
Allan Hopkins,
Tax Analyst.
[FR Doc. 2012-1971 Filed 1-30-12; 8:45 am]
BILLING CODE 4830-01-P
