Proposed Collection; Comment Request for Regulation Project, 68888-68889 [2012-27828]
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68888
Federal Register / Vol. 77, No. 222 / Friday, November 16, 2012 / Notices
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: November 7, 2012.
Yvette Lawrence,
IRS Reports Clearance Officer.
[FR Doc. 2012–27826 Filed 11–15–12; 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
Extended Carryback of Losses to or
From a Consolidated Group.
DATES: Written comments should be
received on or before January 15, 2013
to be assured of consideration.
mstockstill on DSK4VPTVN1PROD with NOTICES
SUMMARY:
VerDate Mar<15>2010
15:43 Nov 15, 2012
Jkt 229001
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 regulations should be
directed to Martha R. Brinson at Internal
Revenue Service, Room 6129, 1111
Constitution Avenue NW., Washington,
DC 20224, or at (202) 622–3869, or
through the Internet at
Martha.R.Brinson@irs.gov.
ADDRESSES:
SUPPLEMENTARY INFORMATION:
Title: Extended Carryback of Losses to
or From a Consolidated Group.
OMB Number: 1545–2171.
Regulation Project Number: TD 9490.
Abstract: This document contains
final and temporary regulations under
section 1502 that affect corporations
filing consolidated returns. The
regulations contain rules regarding the
implementation of section 172(b)(1)(H)
within a consolidated group. These
regulations also permit certain acquiring
consolidated groups to elect to waive all
or a portion of the pre-acquisition
carryback period pursuant to section
172(b)(1)(H) for specific losses
attributable to certain acquired
members.
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:
4,000.
Estimated Time per Respondent: 0.25
hours.
Estimated Total Annual Burden
Hours: 1,000.
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
PO 00000
Frm 00158
Fmt 4703
Sfmt 4703
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: November 7, 2012.
Yvette Lawrence,
IRS Reports Clearance Officer.
[FR Doc. 2012–27827 Filed 11–15–12; 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
Corporations; Consolidated ReturnsSpecial Rules Relating To Dispositions
and Deconsolidations of Subsidiary
Stock (§§ 1.337(d)–2 and 1.1502–20).
DATES: Written comments should be
received on or before January 15, 2013
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 regulations should be
directed to Martha R. Brinson at Internal
Revenue Service, Room 6129, 1111
Constitution Avenue NW., Washington,
DC 20224, or at (202) 622–3869, or
through the Internet at
Martha.R.Brinson@irs.gov.
SUMMARY:
SUPPLEMENTARY INFORMATION:
E:\FR\FM\16NON1.SGM
16NON1
Federal Register / Vol. 77, No. 222 / Friday, November 16, 2012 / Notices
mstockstill on DSK4VPTVN1PROD with NOTICES
Title: Corporations; Consolidated
Returns—Special Rules Relating To
Dispositions and Deconsolidations of
Subsidiary Stock.
OMB Number: 1545–1160.
Regulation Project Number: CO–93–
90.
Abstract: This regulation prevents
elimination of corporate-level tax
because of the operation of the
consolidated returns investment
adjustment rules. Statements are
required for dispositions of a
subsidiary’s stock for which losses are
claimed, for basis reductions within 2
years of the stock’s deconsolidation, and
for elections by the common parent to
retain the net operating losses of a
disposed subsidiary.
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.
VerDate Mar<15>2010
15:43 Nov 15, 2012
Jkt 229001
Estimated Number of Respondents:
3,000.
Estimated Time per Respondent: 2
hours.
Estimated Total Annual Burden
Hours: 6,000.
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
PO 00000
Frm 00159
Fmt 4703
Sfmt 9990
68889
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: November 6, 2012.
Yvette Lawrence,
IRS Reports Clearance Officer.
[FR Doc. 2012–27828 Filed 11–15–12; 8:45 am]
BILLING CODE 4830–01–P
E:\FR\FM\16NON1.SGM
16NON1
]]>Agencies
[Federal Register Volume 77, Number 222 (Friday, November 16, 2012)]
[Notices]
[Pages 68888-68889]
From the Federal Register Online via the Government Printing Office [www.gpo.gov]
[FR Doc No: 2012-27828]
-----------------------------------------------------------------------
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
Corporations; Consolidated Returns-Special Rules Relating To
Dispositions and Deconsolidations of Subsidiary Stock (Sec. Sec.
1.337(d)-2 and 1.1502-20).
DATES: Written comments should be received on or before January 15,
2013 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 regulations should be directed to Martha R. Brinson at
Internal Revenue Service, Room 6129, 1111 Constitution Avenue NW.,
Washington, DC 20224, or at (202) 622-3869, or through the Internet at
Martha.R.Brinson@irs.gov.
SUPPLEMENTARY INFORMATION:
[[Page 68889]]
Title: Corporations; Consolidated Returns--Special Rules Relating
To Dispositions and Deconsolidations of Subsidiary Stock.
OMB Number: 1545-1160.
Regulation Project Number: CO-93-90.
Abstract: This regulation prevents elimination of corporate-level
tax because of the operation of the consolidated returns investment
adjustment rules. Statements are required for dispositions of a
subsidiary's stock for which losses are claimed, for basis reductions
within 2 years of the stock's deconsolidation, and for elections by the
common parent to retain the net operating losses of a disposed
subsidiary.
Current Actions: There is no change to this existing regulation.
Type of Review: Extension of a currently approved collection.
Affected Public: Business or other for-profit organizations.
Estimated Number of Respondents: 3,000.
Estimated Time per Respondent: 2 hours.
Estimated Total Annual Burden Hours: 6,000.
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: November 6, 2012.
Yvette Lawrence,
IRS Reports Clearance Officer.
[FR Doc. 2012-27828 Filed 11-15-12; 8:45 am]
BILLING CODE 4830-01-P
