Proposed Collection; Comment Request, 27296 [2013-10997]
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27296
Federal Register / Vol. 78, No. 90 / Thursday, May 9, 2013 / Notices
reporting burdens on respondents,
including the use of automated
collection techniques or other forms of
information technology.
Direct Comments To: Desk Officer for
Treasury, New Executive Office
Building, Room 10235, Washington, DC
20503, or email at
OIRA_Submission@OMB.EOP.GOV and
(2) Treasury PRA Clearance Officer,
1750 Pennsylvania Ave. NW., Suite
8140, Washington, DC 20220, or email
at PRA@treasury.gov.
Robert Dahl,
Treasury Department PRA Clearance Officer.
[FR Doc. 2013–11013 Filed 5–8–13; 8:45 am]
BILLING CODE 4810–25–P
DEPARTMENT OF THE TREASURY
Internal Revenue Service
Proposed Collection; Comment
Request
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)). The IRS is soliciting
comments concerning an existing
revenue procedure, RP 2009–37,
Internal Revenue Code Section 108(i)
Election, and Treasury Decision 9498.
DATES: Written comments should be
received on or before July 8, 2013 to be
assured of consideration.
ADDRESSES: Direct all written comments
to Yvette B. 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 Gerald J. Shields at Internal
Revenue Service, Room 6129, 1111
Constitution Avenue NW., Washington,
DC 20224, or at (202)927–4374, or
through the Internet at
Gerald.J.Shields@irs.gov.
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SUMMARY:
SUPPLEMENTARY INFORMATION:
Title: Internal Revenue Code Section
108(i) Election.
OMB Number: 1545–2147.
Regulation Project Number: TD 9498;
Revenue Procedure 2009–37.
VerDate Mar<15>2010
17:18 May 08, 2013
Jkt 229001
Abstract: The law allows taxpayers to
defer for 5 years taxation of certain
income arising in 2009 or 2010.
Taxpayers then must include the
deferred amount in income ratably over
5 years. The election statement advises
that a taxpayer makes the election and
the election and information statements
provide information necessary to track
the income. Respondents are C
corporations and other persons in a
business that reacquire debt
instruments.
Current Actions: There is no change to
this Treasury Decision or revenue
procedure.
Type of Review: Extension of a
currently approved collection.
Affected Public: Business or other forprofit organizations.
Estimated Number of Respondents:
50,000.
Estimated Time per Respondent: 6
hours.
Estimated Total Annual Burden
Hours: 300,000.
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.
PO 00000
Frm 00119
Fmt 4703
Sfmt 4703
Approved: April 12, 2013.
Yvette B. Lawrence,
IRS Reports Clearance Officer.
[FR Doc. 2013–10997 Filed 5–8–13; 8:45 am]
BILLING CODE 4830–01–P
DEPARTMENT OF THE TREASURY
Internal Revenue Service
Proposed Collection; Comment
Request for Form 3520
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
3520, Annual Return To Report
Transactions With Foreign Trusts and
Receipts of Certain Foreign Gifts.
DATES: Written comments should be
received on or before July 8, 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 Katherine Dean,
(202) 622–3186, 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: Annual Return To Report
Transactions With Foreign Trusts and
Receipts of Certain Foreign Gifts.
OMB Number: 1545–0159.
Form Number: Form 3520.
Abstract: U.S. persons who create a
foreign trust or transfer property to a
foreign trust must file Form 3520 to
report the establishment of the trust or
the transfer of property to the trust.
Form 3520 must also be filed by U.S.
persons who are treated as owners of
any part of the assets of a trust under
subpart E of Part I or subchapter J of
Chapter 1; who received a distribution
from a foreign trust; or who received
large gifts during the tax year from a
foreign person.
SUMMARY:
E:\FR\FM\09MYN1.SGM
09MYN1
]]>Agencies
[Federal Register Volume 78, Number 90 (Thursday, May 9, 2013)]
[Notices]
[Page 27296]
From the Federal Register Online via the Government Printing Office [www.gpo.gov]
[FR Doc No: 2013-10997]
-----------------------------------------------------------------------
DEPARTMENT OF THE TREASURY
Internal Revenue Service
Proposed Collection; Comment Request
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)). The IRS is soliciting comments concerning an existing
revenue procedure, RP 2009-37, Internal Revenue Code Section 108(i)
Election, and Treasury Decision 9498.
DATES: Written comments should be received on or before July 8, 2013 to
be assured of consideration.
ADDRESSES: Direct all written comments to Yvette B. 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 Gerald J. Shields at
Internal Revenue Service, Room 6129, 1111 Constitution Avenue NW.,
Washington, DC 20224, or at (202)927-4374, or through the Internet at
Gerald.J.Shields@irs.gov.
SUPPLEMENTARY INFORMATION:
Title: Internal Revenue Code Section 108(i) Election.
OMB Number: 1545-2147.
Regulation Project Number: TD 9498; Revenue Procedure 2009-37.
Abstract: The law allows taxpayers to defer for 5 years taxation of
certain income arising in 2009 or 2010. Taxpayers then must include the
deferred amount in income ratably over 5 years. The election statement
advises that a taxpayer makes the election and the election and
information statements provide information necessary to track the
income. Respondents are C corporations and other persons in a business
that reacquire debt instruments.
Current Actions: There is no change to this Treasury Decision or
revenue procedure.
Type of Review: Extension of a currently approved collection.
Affected Public: Business or other for-profit organizations.
Estimated Number of Respondents: 50,000.
Estimated Time per Respondent: 6 hours.
Estimated Total Annual Burden Hours: 300,000.
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: April 12, 2013.
Yvette B. Lawrence,
IRS Reports Clearance Officer.
[FR Doc. 2013-10997 Filed 5-8-13; 8:45 am]
BILLING CODE 4830-01-P
