Proposed Collection; Comment Request for Regulation Project, 16916 [2013-06228]
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16916
Federal Register / Vol. 78, No. 53 / Tuesday, March 19, 2013 / Notices
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
allocation and apportionment of
deduction for state income.
DATES: Written comments should be
received on or before May 20, 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 Allan Hopkins at Internal
Revenue Service, room 6129, 1111
Constitution Avenue NW., Washington,
DC 20224, or at (202) 622–6665, or
through the Internet at
Allan.M.Hopkins@irs.gov.
SUMMARY:
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SUPPLEMENTARY INFORMATION:
Title: Allocation and Apportionment
of Deduction for State Income Taxes.
OMB Number: 1545–1224.
Regulation Project Number: INTL–
112–88.
Abstract: This regulation provides
guidance on when and how the
deduction for state income taxes is to be
allocated and apportioned between
gross income from sources within and
without the United States in order to
determine the amount of taxable income
from those sources. The reporting
requirements in the regulation affect
those taxpayers claiming foreign tax
credits who elect to use an alternative
method from that described in the
regulation to allocate and apportion
deductions for state income taxes.
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
17:00 Mar 18, 2013
Jkt 229001
Estimated Number of Respondents:
1,000.
Estimated Time per Respondent: 1
hour.
Estimated Total Annual Burden
Hours: 1,000.
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: March 8, 2013.
Yvette Lawrence,
IRS Reports Clearance Officer.
[FR Doc. 2013–06228 Filed 3–18–13; 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
SUMMARY:
PO 00000
Frm 00087
Fmt 4703
Sfmt 4703
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 general
rules for making and maintaining
qualified electing fund elections.
DATES: Written comments should be
received on or before May 20, 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 regulation should be
directed to Allan Hopkins, (202) 622–
6665, or 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: General Rules for Making and
Maintaining Qualified Electing Fund
Elections.
OMB Number: 1545–1555.
Regulation Project Number: REG–
115795–97.
Abstract: This regulation provides
guidance to a passive foreign investment
company (PFIC) shareholder that makes
the election under Code section 1295 to
treat the PFIC as a qualified electing
fund (QEF), and for PFIC shareholders
that wish to make a section 1295
election that will apply on a retroactive
basis. Guidance is also provided on
revoking such elections.
Current Actions: There is no change to
this existing regulation.
Type of Review: Extension of a
currently approved collection.
Affected Public: Individuals or
households, business or other for-profit
organization, and not-for-profit
institutions.
Estimated Number of Respondents:
1,290.
Estimated Time per Respondent: 29
minutes.
Estimated Total Annual Burden
Hours: 623.
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,
E:\FR\FM\19MRN1.SGM
19MRN1
]]>Agencies
[Federal Register Volume 78, Number 53 (Tuesday, March 19, 2013)]
[Notices]
[Page 16916]
From the Federal Register Online via the Government Printing Office [www.gpo.gov]
[FR Doc No: 2013-06228]
[[Page 16916]]
-----------------------------------------------------------------------
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
allocation and apportionment of deduction for state income.
DATES: Written comments should be received on or before May 20, 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 Allan Hopkins at
Internal Revenue Service, room 6129, 1111 Constitution Avenue NW.,
Washington, DC 20224, or at (202) 622-6665, or through the Internet at
Allan.M.Hopkins@irs.gov.
SUPPLEMENTARY INFORMATION:
Title: Allocation and Apportionment of Deduction for State Income
Taxes.
OMB Number: 1545-1224.
Regulation Project Number: INTL-112-88.
Abstract: This regulation provides guidance on when and how the
deduction for state income taxes is to be allocated and apportioned
between gross income from sources within and without the United States
in order to determine the amount of taxable income from those sources.
The reporting requirements in the regulation affect those taxpayers
claiming foreign tax credits who elect to use an alternative method
from that described in the regulation to allocate and apportion
deductions for state income taxes.
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: 1,000.
Estimated Time per Respondent: 1 hour.
Estimated Total Annual Burden Hours: 1,000.
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: March 8, 2013.
Yvette Lawrence,
IRS Reports Clearance Officer.
[FR Doc. 2013-06228 Filed 3-18-13; 8:45 am]
BILLING CODE 4830-01-P
