Proposed Collection; Comment Request for Regulation Project, 40549 [2013-16110]

Download as PDF Federal Register / Vol. 78, No. 129 / Friday, July 5, 2013 / Notices and claims on, unaffiliated foreign residents held by non-financial enterprises in the U.S. This information is necessary in the computation of the U.S. balance of payments accounts and the U.S. international investment position, and in the formulation of U.S. international financial and monetary policies. Affected Public: Private Sector: Businesses or other for-profits. Estimated Annual Burden Hours: 4,904. Dawn D. Wolfgang, Treasury PRA Clearance Officer. [FR Doc. 2013–16150 Filed 7–3–13; 8:45 am] BILLING CODE 4810–25–P DEPARTMENT OF THE TREASURY Fiscal Service [Dept. Circular 570; 2013 Revision] Companies Holding Certificates of Authority as Acceptable Sureties on Federal Bonds and as Acceptable Reinsuring Companies tkelley on DSK3SPTVN1PROD with NOTICES Correction In notice document 2013–15435, appearing in the Issue of Monday, July 1, 2013, on pages 39440–39459, make the following corrections: 1. On page 39440, in the first column, in the first paragraph, ‘‘Financial Management Service’’ should read ‘‘Bureau of the Fiscal Service’’. 2. On page 39452, in the third column, ‘‘Pennsylvania General Insurance Company (NAIC #21962)6’’ should be set in bold-face print as follows: ‘‘PENNSYLVANIA GENERAL INSURANCE COMPANY (NAIC #21962)6’’ and should be set as a separate entry without indentation. 3. On page 39456, in the second column ‘‘UNIVERSAL UNDERWRITERS INSURANCE COMPANY (NAIC #41181)’’ should appear in bold-face print and should read as follows: ‘‘UNIVERSAL UNDERWRITERS INSURANCE COMPANY (NAIC #41181)7.’’ 4. On 39458, in the table, in the first column, the entry reading ‘‘Colorado, Denver 80202 (303)’’ should read ‘‘Colorado, Denver 80202’’ and in the second column, the entry ‘‘894–7499’’ should read ‘‘(303) 894–7499’’. [FR Doc. C1–2013–15435 Filed 7–3–13; 8:45 am] BILLING CODE 1505–01–D VerDate Mar<15>2010 17:06 Jul 03, 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 TD 8584, capitalization of interest. DATES: Written comments should be received on or before September 3, 2013 to be assured of consideration. ADDRESSES: Direct all written comments to R. Joseph Durbala, Internal Revenue Service, Room 6129, 1111 Constitution Avenue NW., Washington, DC 20224. FOR FURTHER INFORMATION CONTACT: Requests for additional information or copies of the information collection 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. Title: Capitalization of Interest. OMB Number: 1545–1265. Regulation Project Number: IA–12– 120–86 (TD 8584). Abstract: Internal Revenue Code section 263A(f) requires taxpayers to estimate the length of the production period and total cost of tangible personal property to determine if Interest capitalization is required. This regulation requires taxpayers to maintain contemporaneous written records of production period estimates, to file a ruling request to segregate activities in applying the interest capitalization rules, and to request the consent of the Commissioner to change their methods of accounting for the capitalization of interest. Current Actions: There is no change to this existing regulation. Type of Review: Extension of a currently approved approval. Affected Public: Individuals or households, and business or other forprofit organizations. Estimated Number of Respondents: 500,050. SUMMARY: PO 00000 Frm 00125 Fmt 4703 Sfmt 4703 40549 Estimated Time per Respondent: 14 Minutes. Estimated Total Annual Burden Hours: 116,767 Hours. 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: June 13, 2013. R. Joseph Durbala, IRS Reports Clearance Officer. [FR Doc. 2013–16110 Filed 7–3–13; 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 SUMMARY: E:\FR\FM\05JYN1.SGM 05JYN1

Agencies

[Federal Register Volume 78, Number 129 (Friday, July 5, 2013)]
[Notices]
[Page 40549]
From the Federal Register Online via the Government Printing Office [www.gpo.gov]
[FR Doc No: 2013-16110]


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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 TD 
8584, capitalization of interest.

DATES: Written comments should be received on or before September 3, 
2013 to be assured of consideration.

ADDRESSES: Direct all written comments to R. Joseph Durbala, Internal 
Revenue Service, Room 6129, 1111 Constitution Avenue NW., Washington, 
DC 20224.

FOR FURTHER INFORMATION CONTACT: Requests for additional information or 
copies of the information collection 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.
    Title: Capitalization of Interest.
    OMB Number: 1545-1265.
    Regulation Project Number: IA-12-120-86 (TD 8584).
    Abstract: Internal Revenue Code section 263A(f) requires taxpayers 
to estimate the length of the production period and total cost of 
tangible personal property to determine if Interest capitalization is 
required. This regulation requires taxpayers to maintain 
contemporaneous written records of production period estimates, to file 
a ruling request to segregate activities in applying the interest 
capitalization rules, and to request the consent of the Commissioner to 
change their methods of accounting for the capitalization of interest.
    Current Actions: There is no change to this existing regulation.
    Type of Review: Extension of a currently approved approval.
    Affected Public: Individuals or households, and business or other 
for-profit organizations.
    Estimated Number of Respondents: 500,050.
    Estimated Time per Respondent: 14 Minutes.
    Estimated Total Annual Burden Hours: 116,767 Hours.
    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: June 13, 2013.
R. Joseph Durbala,
IRS Reports Clearance Officer.
[FR Doc. 2013-16110 Filed 7-3-13; 8:45 am]
BILLING CODE 4830-01-P
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