Proposed Collection; Comment Request for Regulation Project, 22037-22038 [2013-08547]

Download as PDF Federal Register / Vol. 78, No. 71 / Friday, April 12, 2013 / Notices mstockstill on DSK6TPTVN1PROD with NOTICES 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. directed to Katherine Dean, at (202) 622–3186, or at Internal Revenue Service, Room 6242, 1111 Constitution Avenue NW., Washington, DC 20224, or through the internet at Katherine.b.dean@irs.gov. SUPPLEMENTARY INFORMATION: Title: TD 8223, Branch Tax; TD 8432, Branch Profits Tax; and TD 8657, Regulations on Effectively Connected Income and the Branch Profits Tax. OMB Number: 1545–1070. Regulation Project Number: TD 8223, TD 8432, and TD 8657. Abstract: These regulations provide guidance on how to comply with Internal Revenue Code section 884, which imposes a tax on the earnings of a foreign corporation’s branch that are removed from the branch and which subjects interest paid by the branch, and certain interest deducted by the foreign corporation, to tax. Approved: March 13, 2013. Current Actions: There is no change to Yvette Lawrence, these existing regulations. OMB Reports Clearance Officer. Type of Review: Extension of a [FR Doc. 2013–08544 Filed 4–11–13; 8:45 am] currently approved collection. BILLING CODE 4830–01–P Affected Public: Business or other forprofit organizations. Estimated Number of Respondents: DEPARTMENT OF THE TREASURY 59,100. Estimated Time per Respondent: Internal Revenue Service 12.887 minutes. Proposed Collection; Comment Estimated Total Annual Burden Request for Regulation Project Hours: 12,694. The following paragraph applies to all AGENCY: Internal Revenue Service (IRS), of the collections of information covered Treasury. by this notice: ACTION: Notice and request for An agency may not conduct or comments. sponsor, and a person is not required to respond to, a collection of information SUMMARY: The Department of the Treasury, as part of its continuing effort unless the collection of information displays a valid OMB control number. to reduce paperwork and respondent Books or records relating to a burden, invites the general public and collection of information must be other Federal agencies to take this retained as long as their contents may opportunity to comment on proposed become material in the administration and/or continuing information of any internal revenue law. Generally, collections, as required by the tax returns and tax return information Paperwork Reduction Act of 1995, are confidential, as required by 26 Public Law 104–13(44 U.S.C. U.S.C. 6103. 3506(c)(2)(A)). Currently, the IRS is Request for Comments: Comments soliciting comments concerning the submitted in response to this notice will branch tax; the branch profits Tax; and the regulations on effectively connected be summarized and/or included in the request for OMB approval. All income and the branch profits tax (§§ 1.884–1, 1.884–2, 1.884–2T, 1.884–4, comments will become a matter of public record. Comments are invited on: 1.884–5). (a) Whether the collection of DATES: Written comments should be information is necessary for the proper received on or before June 11, 2013 to performance of the functions of the be assured of consideration. agency, including whether the ADDRESSES: Direct all written comments information shall have practical utility; to Yvette Lawrence, Internal Revenue (b) the accuracy of the agency’s estimate Service, Room 6129, 1111 Constitution of the burden of the collection of Avenue NW., Washington, DC 20224. information; (c) ways to enhance the quality, utility, and clarity of the FOR FURTHER INFORMATION CONTACT: information to be collected; (d) ways to Requests for additional information or minimize the burden of the collection of copies of the regulations should be VerDate Mar<15>2010 16:47 Apr 11, 2013 Jkt 229001 PO 00000 Frm 00133 Fmt 4703 Sfmt 4703 22037 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. 2013–08552 Filed 4–11–13; 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 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 limitation on reduction in income tax liability incurred to the Virgin Islands (§ 1.934–1). DATES: Written comments should be received on or before June 11, 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 Katherine Dean, (202) 622– 3186, or at Internal Revenue Service, Room 6242, 1111 Constitution Avenue NW., Washington DC 20224, or through the Internet, at Katherine.b.dean@irs.gov. SUMMARY: SUPPLEMENTARY INFORMATION: Title: Limitation on Reduction in Income Tax Liability Incurred to the Virgin Islands. OMB Number: 1545–0782. Regulation Project Number: TD 6629. Abstract: Internal Revenue Code section 934(a)(1954 code) provides that the tax liability incurred to the Virgin Islands shall not be reduced except to the extent provided in Code section E:\FR\FM\12APN1.SGM 12APN1 mstockstill on DSK6TPTVN1PROD with NOTICES 22038 Federal Register / Vol. 78, No. 71 / Friday, April 12, 2013 / Notices 934(b) and (c). Taxpayers applying for tax rebates or subsidies under section 934 of the 1954 Code must provide certain information in order to obtain these benefits. Current Actions: There is no change to this existing regulation. Type of Review: Extension of currently approved collection. Affected Public: Individuals or households and business or other forprofit organizations. Estimated Number of Respondents: 500. Estimated Time Per Respondent/ Reporting: 12 minutes. Estimated Time Per Respondent/ Record-Keeping: 10 minutes. Estimated Total Annual Reporting Burden Hours: 100. Estimated Total Annual Recordkeeping Burden Hours: 85. 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 13, 2013. Yvette Lawrence, OMB Reports Clearance Officer. [FR Doc. 2013–08547 Filed 4–11–13; 8:45 am] BILLING CODE 4830–01–P VerDate Mar<15>2010 16:47 Apr 11, 2013 Jkt 229001 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 proceeds of bonds used for reimbursement (§ 1.150–2(e) (originally contained in § 1.104–18(c)). DATES: Written comments should be received on or before June 11, 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 Katherine Dean, at (202) 622–3186, or at Internal Revenue Service, room 6242, 1111 Constitution Avenue NW., Washington, DC 20224, or through the Internet, at Katherine.b.dean@irs.gov. SUMMARY: SUPPLEMENTARY INFORMATION: Title: Proceeds of Bonds Used for Reimbursement. OMB Number: 1545–1226. Regulation Project Number: FI–59–89. Abstract: This regulation clarifies when the allocation of bond proceeds to reimburse expenditures previously made by an issuer of the bond is treated as an expenditure of the bond proceeds. The issuer must express a reasonable official intent, on or prior to the date of payment, to reimburse the expenditure in order to assure that the reimbursement is not a device to evade requirements imposed by the Internal Revenue Code with respect to tax exempt bonds. Current Actions: There is no change to this existing regulation. Type of Review: Extension of a currently approved collection. Affected Public: State, local or tribal governments, and not-for-profit institutions. PO 00000 Frm 00134 Fmt 4703 Sfmt 4703 Estimated Number of Respondents: 2,500. Estimated Time per Respondent: 2 hours, 24 minutes. Estimated Total Annual Burden Hours: 6,000. The following paragraph applies to all of the collections of 1information 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, OMB Reports Clearance Officer. [FR Doc. 2013–08554 Filed 4–11–13; 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 SUMMARY: E:\FR\FM\12APN1.SGM 12APN1

Agencies

[Federal Register Volume 78, Number 71 (Friday, April 12, 2013)]
[Notices]
[Pages 22037-22038]
From the Federal Register Online via the Government Printing Office [www.gpo.gov]
[FR Doc No: 2013-08547]


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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 
the limitation on reduction in income tax liability incurred to the 
Virgin Islands (Sec.  1.934-1).

DATES: Written comments should be received on or before June 11, 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 Katherine Dean, (202) 
622-3186, or at Internal Revenue Service, Room 6242, 1111 Constitution 
Avenue NW., Washington DC 20224, or through the Internet, at 
Katherine.b.dean@irs.gov.

SUPPLEMENTARY INFORMATION:
    Title: Limitation on Reduction in Income Tax Liability Incurred to 
the Virgin Islands.
    OMB Number: 1545-0782.
    Regulation Project Number: TD 6629.
    Abstract: Internal Revenue Code section 934(a)(1954 code) provides 
that the tax liability incurred to the Virgin Islands shall not be 
reduced except to the extent provided in Code section

[[Page 22038]]

934(b) and (c). Taxpayers applying for tax rebates or subsidies under 
section 934 of the 1954 Code must provide certain information in order 
to obtain these benefits.
    Current Actions: There is no change to this existing regulation.
    Type of Review: Extension of currently approved collection.
    Affected Public: Individuals or households and business or other 
for-profit organizations.
    Estimated Number of Respondents: 500.
    Estimated Time Per Respondent/Reporting: 12 minutes.
    Estimated Time Per Respondent/Record-Keeping: 10 minutes.
    Estimated Total Annual Reporting Burden Hours: 100.
    Estimated Total Annual Record-keeping Burden Hours: 85.
    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 13, 2013.
Yvette Lawrence,
OMB Reports Clearance Officer.
[FR Doc. 2013-08547 Filed 4-11-13; 8:45 am]
BILLING CODE 4830-01-P