Agency Information Collection Activity; Proposed Collection, 34461 [2012-14008]
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Federal Register / Vol. 77, No. 112 / Monday, June 11, 2012 / Notices
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.
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SUPPLEMENTARY INFORMATION:
Title: Systemic Advocacy Issue
Submission.
OMB Number: 1545–1832.
Form Number: 14411.
Abstract: Systemic Advocacy Issue
Submission Form, is an optional use
form for taxpayers (individual and
business), tax professionals, trade and
business associations, etc. to submit
systemic problems. These problems may
pertain to experiences with the Internal
Revenue Service’s processes procedures
or make legislative recommendations.
Current Actions: There are no changes
being made to the form at this time.
Type of Review: Extension of a
currently approved collection.
Affected Public: Business or other forprofit organizations, individuals, notfor-profit institutions, farms, Federal,
State, Local or Tribal governments.
Estimated Number of Respondents:
420.
Estimated Number of Response: 48
minutes.
Estimated Total Annual Burden
Hours: 336.
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
VerDate Mar<15>2010
20:21 Jun 08, 2012
Jkt 226001
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: May 30, 2012.
Yvette Lawrence,
IRS Reports Clearance Office.
[FR Doc. 2012–14011 Filed 6–8–12; 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 August 10, 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
regulations 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 RJosephDurbala@irs.gov.
SUPPLEMENTARY INFORMATION:
Title: Basis Reduction Due to
Discharge of Indebtedness.
OMB Number: 1545–1539.
Regulation Project Number: REG–
208172–91 (TD 8787—final).
Abstract: This regulation provides
ordering rules for the reduction of bases
of property under Internal Revenue
Code sections 108 and 1017. The
regulation affects taxpayers that exclude
discharge of indebtedness from gross
income under Code section 108. The
collection of information is required for
a taxpayer to elect to reduce the
adjusted bases of depreciable property
under section 108(b)(5), to elect to treat
section 1221(l) real property as either
DATES:
PO 00000
Frm 00125
Fmt 4703
Sfmt 9990
34461
depreciable property or depreciable real
property, and to account for a
partnership interest as either
depreciable property or depreciable real
property.
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 Responses:
10,000.
Estimated Time per Response: 1 hour.
Estimated Total Annual Burden
Hours: 10,000.
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
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: May 29, 2012.
Yvette Lawrence,
IRS Reports Clearance Officer.
[FR Doc. 2012–14008 Filed 6–8–12; 8:45 am]
BILLING CODE 4830–01–P
E:\FR\FM\11JNN1.SGM
11JNN1
]]>Agencies
[Federal Register Volume 77, Number 112 (Monday, June 11, 2012)]
[Notices]
[Page 34461]
From the Federal Register Online via the Government Printing Office [www.gpo.gov]
[FR Doc No: 2012-14008]
-----------------------------------------------------------------------
DEPARTMENT OF THE TREASURY
Internal Revenue Service
Agency Information Collection Activity; Proposed Collection
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)).
DATES: Written comments should be received on or before August 10, 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
regulations 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
RJosephDurbala@irs.gov.
SUPPLEMENTARY INFORMATION:
Title: Basis Reduction Due to Discharge of Indebtedness.
OMB Number: 1545-1539.
Regulation Project Number: REG-208172-91 (TD 8787--final).
Abstract: This regulation provides ordering rules for the reduction
of bases of property under Internal Revenue Code sections 108 and 1017.
The regulation affects taxpayers that exclude discharge of indebtedness
from gross income under Code section 108. The collection of information
is required for a taxpayer to elect to reduce the adjusted bases of
depreciable property under section 108(b)(5), to elect to treat section
1221(l) real property as either depreciable property or depreciable
real property, and to account for a partnership interest as either
depreciable property or depreciable real property.
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
for-profit organizations.
Estimated Number of Responses: 10,000.
Estimated Time per Response: 1 hour.
Estimated Total Annual Burden Hours: 10,000.
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 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: May 29, 2012.
Yvette Lawrence,
IRS Reports Clearance Officer.
[FR Doc. 2012-14008 Filed 6-8-12; 8:45 am]
BILLING CODE 4830-01-P
