Proposed Collection; Comment Request for Regulation Project, 28704-28705 [2013-11513]

Download as PDF TKELLEY on DSK3SPTVN1PROD with NOTICES 28704 Federal Register / Vol. 78, No. 94 / Wednesday, May 15, 2013 / Notices under Internal Revenue Code section 2056A(b) with respect to taxable events involving qualified domestic trusts (QDOT’S). In order to ensure collection of the tax, the regulation provides various security options that may be selected by the trust and the requirements associated with each option. In addition, under certain circumstances the trust is required to file an annual statement with the IRS disclosing the assets held by the trust. Current Actions: There is no change to this existing regulation. Type of Review: Extension of a currently approved collection. Affected Public: Individuals or households. Estimated Number of Respondents: 4,390. Estimated Time per Respondent: 1 hour, 23 minutes. Estimated Total Annual Burden Hours: 6,070. 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 26, 2013. Yvette Lawrence, IRS Reports Clearance Officer. [FR Doc. 2013–11512 Filed 5–14–13; 8:45 am] BILLING CODE 4830–01–P VerDate Mar<15>2010 17:16 May 14, 2013 Jkt 229001 DEPARTMENT OF THE TREASURY Internal Revenue Service Proposed Collection; Comment Request for Form 8453–EO 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 8453–EO, Exempt Organization Declaration and Signature for Electronic Filing. DATES: Written comments should be received on or before July 15, 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 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: Exempt Organization Declaration and Signature for Electronic Filing. OMB Number: 1545–1879. Form Number: 8453–EO. Abstract: Form 8453–EO is used to enable the electronic filing of Forms 990, 990–EZ, or 1120–POL. Current Actions: There are no changes being made to the form at this time. Type of Review: Extension of a currently approved collection. Affected Public: Not-for-profit institutions. Estimated Number of Respondents: 200. Estimated Time per Respondent: 5 hours, 14 minutes. Estimated Total Annual Burden Hours: 1,046. 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 SUMMARY: PO 00000 Frm 00129 Fmt 4703 Sfmt 4703 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 26, 2013. Yvette Lawrence, IRS Reports Clearance Officer. [FR Doc. 2013–11511 Filed 5–14–13; 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, Earnings Stripping (Section 163(j)). DATES: Written comments should be received on or before July 15, 2013 to be assured of consideration. SUMMARY: E:\FR\FM\15MYN1.SGM 15MYN1 Federal Register / Vol. 78, No. 94 / Wednesday, May 15, 2013 / Notices 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 Martha R. Brinson, (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. ADDRESSES: SUPPLEMENTARY INFORMATION: TKELLEY on DSK3SPTVN1PROD with NOTICES Title: Earnings Stripping (Section 163(j)). OMB Number: 1545–1255. Regulation Project Number: INTL– 870–89. Abstract: Internal Revenue Code section 163(j) concerns the limitation on the deduction for certain interest paid by a corporation to a related person. This provision generally does not apply to an interest expense arising in a taxable year in which the payer corporation’s debt-equity ratio is 1.5 to 1 or less. Regulation section § 1.163(j)– 5(d) provides a special rule for adjusting the basis of assets acquired in a qualified stock purchase. This rule VerDate Mar<15>2010 17:16 May 14, 2013 Jkt 229001 allows the taxpayer, in computing its debt-equity ratio, to elect to write off the basis of the stock of the acquired corporation over a fixed stock write-off period, instead of using the adjusted basis of the assets of the acquired corporation. 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: 2,300. Estimated Time per Respondent: 31 minutes. Estimated Total Annual Burden Hours: 1,196. 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 PO 00000 Frm 00130 Fmt 4703 Sfmt 9990 28705 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 22, 2013. Yvette Lawrence, IRS Reports Clearance Officer. [FR Doc. 2013–11513 Filed 5–14–13; 8:45 am] BILLING CODE 4830–01–P E:\FR\FM\15MYN1.SGM 15MYN1

Agencies

[Federal Register Volume 78, Number 94 (Wednesday, May 15, 2013)]
[Notices]
[Pages 28704-28705]
From the Federal Register Online via the Government Printing Office [www.gpo.gov]
[FR Doc No: 2013-11513]


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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, 
Earnings Stripping (Section 163(j)).

DATES: Written comments should be received on or before July 15, 2013 
to be assured of consideration.

[[Page 28705]]


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 Martha R. Brinson, 
(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: Earnings Stripping (Section 163(j)).
    OMB Number: 1545-1255.
    Regulation Project Number: INTL-870-89.
    Abstract: Internal Revenue Code section 163(j) concerns the 
limitation on the deduction for certain interest paid by a corporation 
to a related person. This provision generally does not apply to an 
interest expense arising in a taxable year in which the payer 
corporation's debt-equity ratio is 1.5 to 1 or less. Regulation section 
Sec.  1.163(j)-5(d) provides a special rule for adjusting the basis of 
assets acquired in a qualified stock purchase. This rule allows the 
taxpayer, in computing its debt-equity ratio, to elect to write off the 
basis of the stock of the acquired corporation over a fixed stock 
write-off period, instead of using the adjusted basis of the assets of 
the acquired corporation.
    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: 2,300.
    Estimated Time per Respondent: 31 minutes.
    Estimated Total Annual Burden Hours: 1,196.
    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: April 22, 2013.
Yvette Lawrence,
IRS Reports Clearance Officer.
[FR Doc. 2013-11513 Filed 5-14-13; 8:45 am]
BILLING CODE 4830-01-P

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