Proposed Collection; Comment Request for Regulation Project, 71038-71039 [2012-28800]
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71038
Federal Register / Vol. 77, No. 229 / Wednesday, November 28, 2012 / Notices
Written comments should be
received on or before January 28, 2013
to be assured of consideration.
ADDRESSES: Direct all written comments
to R. Joseph Durbala, 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 Martha R. Brinson, at (202)
622–3869, or at Internal Revenue
Service, room 6129, 1111 Constitution
Avenue NW., Washington, DC 20224, or
through the internet, at
Martha.R.Brinson@irs.gov.
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.
SUPPLEMENTARY INFORMATION:
erowe on DSK2VPTVN1PROD with
DATES:
Approved: November 9, 2012.
R. Joseph Durbala,
IRS Reports Clearance Officer.
Title: Election to Amortize Start-Up
Expenditures for Active Trade or
Business.
OMB Number: 1545–1582.
Regulation Project Number: T.D. 8797.
Abstract: Section 1.195–1 of the
regulation provides that start-up
expenditures may, at the discretion of
the taxpayer, be amortized over a period
of not less than 60 months beginning
with the month the active trade or
business begins. Taxpayers may elect to
amortize start-up expenditures by filing
a statement with their tax return for the
taxable year in which the trade or
business begins.
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:
150,000.
Estimated Time per Respondent: 15
minutes.
Estimated Total Annual Burden
Hours: 37,500.
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
VerDate Mar<15>2010
13:52 Nov 27, 2012
Jkt 229001
[FR Doc. 2012–28793 Filed 11–27–12; 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
Definition of Private Activity Bonds.
DATES: Written comments should be
received on or before January 28, 2013
to be assured of consideration.
ADDRESSES: Direct all written comments
to R. Joseph Durbala, 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:
Title: Definition of Private Activity
Bonds.
OMB Number: 1545–1451.
PO 00000
Frm 00048
Fmt 4703
Sfmt 4703
Regulation Project Number: TD 8712.
Abstract: Internal Revenue Code
section 103 provides generally that
interest on certain State or local bonds
is excluded from gross income.
However, under Code sections 103(b)(1)
and 141, interest on private activity
bonds (other than qualified bonds) is
not excluded. This regulation provides
rules, for purposes of Code section 141,
to determine how bond proceeds are
measured and used and how debt
service for those bonds is paid or
secured.
Current Actions: There is no change to
this existing regulation.
Type of Review: Extension of
currently approved collection.
Affected Public: State, local or tribal
governments.
Estimated Number of Respondents:
10,100.
Estimated Time per Respondent: 2
hours, 50 minutes.
Estimated Total Annual Burden
Hours: 30,100.
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.
E:\FR\FM\28NON1.SGM
28NON1
Federal Register / Vol. 77, No. 229 / Wednesday, November 28, 2012 / Notices
Approved: November 9, 2012.
R. Joseph Durbala,
IRS Reports Clearance Officer.
[FR Doc. 2012–28800 Filed 11–27–12; 8:45 am]
BILLING CODE 4830–01–P
DEPARTMENT OF THE TREASURY
Internal Revenue Service
[LR–58–83]
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 Related
Group Election With Respect to
Qualified Investments in Foreign Base
Company Shipping Operations.
DATES: Written comments should be
received on or before January 28, 2013
to be assured of consideration.
ADDRESSES: Direct all written comments
to R. Joseph Durbala, 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:
erowe on DSK2VPTVN1PROD with
SUPPLEMENTARY INFORMATION:
Title: Related Group Election With
Respect to Qualified Investments in
Foreign Base Company Shipping
Operations.
OMB Number: 1545–0755.
Regulation Project Number: LR–58–83
(TD 7959-Final).
Abstract: The election described in
the attached justification converted an
annual election to an election effective
until revoked. The computational
information required is necessary to
assure that the U.S. shareholder
correctly reports any shipping income of
its controlled foreign corporations
which is taxable to that shareholder.
VerDate Mar<15>2010
13:52 Nov 27, 2012
Jkt 229001
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:
100.
Estimated Time per Respondent: 2
hours, 3 minutes.
Estimated Total Annual Burden
Hours: 205
The following paragraph applies to all
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 15, 2012.
R. Joseph Durbala,
IRS Reports Clearance Officer.
[FR Doc. 2012–28801 Filed 11–27–12; 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:
PO 00000
Frm 00049
Fmt 4703
Sfmt 4703
71039
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
Information Reporting Requirements for
Certain Payments Made on Behalf of
Another Person, Payments to Joint
Payees, and Payments of Gross Proceeds
From Sales Involving Investment
Advisers.
SUMMARY:
Written comments should be
received on or before January 28, 2013
to be assured of consideration.
ADDRESSES: Direct all written comments
to R. Joseph Durbala, 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.
DATES:
SUPPLEMENTARY INFORMATION:
Title: Information Reporting
Requirements for Certain Payments
Made on Behalf of Another Person,
Payments to Joint Payees, and Payments
of Gross Proceeds From Sales Involving
Investment Advisers
OMB Number: 1545–1705.
Regulation Project Number: TD 9010.
Abstract: This regulation under
section 6041 clarifies who is the payee
for information reporting purposes if a
check or other instrument is made
payable to joint payees, provides
information reporting requirements for
escrow agents and other persons making
payments on behalf of another person,
and clarifies that the amount to be
reported as paid is the gross amount of
the payment. The regulation also
removes investment advisers from the
list of exempt recipients for information
reporting purposes under section 6045.
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.
The estimate of the reporting burden
in § 1.6041–1 is reflected in the burden
of Form 1099–MISC. The estimate of the
reporting burden in § 1.6045–1 is
E:\FR\FM\28NON1.SGM
28NON1
]]>Agencies
[Federal Register Volume 77, Number 229 (Wednesday, November 28, 2012)]
[Notices]
[Pages 71038-71039]
From the Federal Register Online via the Government Printing Office [www.gpo.gov]
[FR Doc No: 2012-28800]
-----------------------------------------------------------------------
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
Definition of Private Activity Bonds.
DATES: Written comments should be received on or before January 28,
2013 to be assured of consideration.
ADDRESSES: Direct all written comments to R. Joseph Durbala, 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:
Title: Definition of Private Activity Bonds.
OMB Number: 1545-1451.
Regulation Project Number: TD 8712.
Abstract: Internal Revenue Code section 103 provides generally that
interest on certain State or local bonds is excluded from gross income.
However, under Code sections 103(b)(1) and 141, interest on private
activity bonds (other than qualified bonds) is not excluded. This
regulation provides rules, for purposes of Code section 141, to
determine how bond proceeds are measured and used and how debt service
for those bonds is paid or secured.
Current Actions: There is no change to this existing regulation.
Type of Review: Extension of currently approved collection.
Affected Public: State, local or tribal governments.
Estimated Number of Respondents: 10,100.
Estimated Time per Respondent: 2 hours, 50 minutes.
Estimated Total Annual Burden Hours: 30,100.
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.
[[Page 71039]]
Approved: November 9, 2012.
R. Joseph Durbala,
IRS Reports Clearance Officer.
[FR Doc. 2012-28800 Filed 11-27-12; 8:45 am]
BILLING CODE 4830-01-P
