Proposed Collection; Comment Request for Form 8865, 21707 [2013-08412]
Download as PDF
<![CDATA[
Federal Register / Vol. 78, No. 70 / Thursday, April 11, 2013 / Notices
Dated: April 8, 2013.
Bruce A. Sharp,
Bureau Clearance Officer.
[FR Doc. 2013–08505 Filed 4–10–13; 8:45 am]
BILLING CODE 4810–39–P
DEPARTMENT OF THE TREASURY
Internal Revenue Service
Proposed Collection; Comment
Request for Form 8865
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 Form
8865, Return of U.S. Persons With
Respect to Certain Foreign Partnerships.
DATES: Written comments should be
received on or before June 10, 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 form and instructions
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.
SUMMARY:
TKELLEY on DSK3SPTVN1PROD with NOTICES
SUPPLEMENTARY INFORMATION:
Title: Return of U.S. Persons With
Respect to Certain Foreign Partnerships.
OMB Number: 1545–1668.
Form Number: 8865.
Abstract: The Taxpayer Relief Act of
1997 significantly modified the
information reporting requirements with
respect to foreign partnerships. The Act
made the following three changes: (1)
Expanded Code section 6038B to require
U.S. persons transferring property to
foreign partnerships in certain
transactions to report those transfers; (2)
expanded Code section 6038 to require
certain U.S. partners of controlled
foreign partnerships to report
information about the partnerships, and
(3) modified the reporting required
VerDate Mar<15>2010
17:37 Apr 10, 2013
Jkt 229001
under Code section 6046A with respect
to acquisitions and dispositions of
foreign partnership interests. Form 8865
is used by U.S. persons to fulfill their
reporting obligations under Code
sections 6038B, 6038, and 6046A.
Current Actions: There are no changes
being made to this form at this time.
Type of Review: Extension of a
currently approved collection.
Affected Public: Business or other forprofit organizations, individuals, and
not-for-profit institutions.
Estimated Number of Respondents:
3,300.
Estimated Time per Respondent: 74
hours, 45 minutes.
Estimated Total Annual Burden
Hours: 245,074.
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: March 14, 2013.
Yvette Lawrence,
IRS Reports Clearance Officer.
[FR Doc. 2013–08412 Filed 4–10–13; 8:45 am]
BILLING CODE 4830–01–P
PO 00000
Frm 00118
Fmt 4703
Sfmt 4703
21707
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,
Adjustments Following Sales of
Partnership Interests.
DATES: Written comments should be
received on or before June 10, 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 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: Adjustments Following Sales of
Partnership Interests.
OMB Number: 1545–1588.
Regulation Project Number: TD 8847.
Abstract: Partnerships, with a section
754 election in effect, are required to
adjust the basis of partnership property
following certain transfers of
partnership interests. This regulation
relates to the optional adjustments to
the basis of partnership property
following certain transfers of
partnership interests under section 743,
the calculation of gain or loss under
section 751(a) following the sale or
exchange of a partnership interest, the
allocation of basis adjustments among
partnership assets under section 755,
the allocation of a partner’s basis in its
partnership interest to properties
distributed to the partner by the
partnership under section 732(c), and
the computation of a partner’s
proportionate share of the adjusted basis
of depreciable property (or depreciable
real property) under section 1017.
SUMMARY:
E:\FR\FM\11APN1.SGM
11APN1
]]>Agencies
[Federal Register Volume 78, Number 70 (Thursday, April 11, 2013)]
[Notices]
[Page 21707]
From the Federal Register Online via the Government Printing Office [www.gpo.gov]
[FR Doc No: 2013-08412]
-----------------------------------------------------------------------
DEPARTMENT OF THE TREASURY
Internal Revenue Service
Proposed Collection; Comment Request for Form 8865
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
Form 8865, Return of U.S. Persons With Respect to Certain Foreign
Partnerships.
DATES: Written comments should be received on or before June 10, 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 form and instructions 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.
SUPPLEMENTARY INFORMATION:
Title: Return of U.S. Persons With Respect to Certain Foreign
Partnerships.
OMB Number: 1545-1668.
Form Number: 8865.
Abstract: The Taxpayer Relief Act of 1997 significantly modified
the information reporting requirements with respect to foreign
partnerships. The Act made the following three changes: (1) Expanded
Code section 6038B to require U.S. persons transferring property to
foreign partnerships in certain transactions to report those transfers;
(2) expanded Code section 6038 to require certain U.S. partners of
controlled foreign partnerships to report information about the
partnerships, and (3) modified the reporting required under Code
section 6046A with respect to acquisitions and dispositions of foreign
partnership interests. Form 8865 is used by U.S. persons to fulfill
their reporting obligations under Code sections 6038B, 6038, and 6046A.
Current Actions: There are no changes being made to this form at
this time.
Type of Review: Extension of a currently approved collection.
Affected Public: Business or other for-profit organizations,
individuals, and not-for-profit institutions.
Estimated Number of Respondents: 3,300.
Estimated Time per Respondent: 74 hours, 45 minutes.
Estimated Total Annual Burden Hours: 245,074.
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: March 14, 2013.
Yvette Lawrence,
IRS Reports Clearance Officer.
[FR Doc. 2013-08412 Filed 4-10-13; 8:45 am]
BILLING CODE 4830-01-P
