Proposed Collection; Comment Request for Regulation Project, 46692 [2013-18497]
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46692
Federal Register / Vol. 78, No. 148 / Thursday, August 1, 2013 / Notices
Approved: July 24, 2013.
Allan Hopkins,
Tax Analyst.
[FR Doc. 2013–18506 Filed 7–31–13; 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
capitalization of certain policy
acquisition expenses.
DATES: Written comments should be
received on or before September 30,
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 Allan Hopkins at Internal
Revenue Service, Room 6129, 1111
Constitution Avenue NW., Washington,
DC 20224, or through the internet at
Allan.M.Hopkins@irs.gov.
SUMMARY:
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SUPPLEMENTARY INFORMATION:
Title: Capitalization of Certain Policy
Acquisition Expenses.
OMB Number: 1545–1287.
Regulation Project Number: FI–3–91
(TD 8456).
Abstract: Internal Revenue Code
section 848 provides that insurance
companies’ must capitalize ‘‘specified
policy acquisition expenses. In lieu of
identifying the categories of expenses
that must be capitalized, section 848
requires that a company capitalize an
amount of otherwise deductible
expenses equal to specified percentages
of net premiums with respect to certain
types of insurance contracts. Insurance
companies that enter into reinsurance
agreements must determine the amounts
to be capitalized under those
VerDate Mar<15>2010
17:02 Jul 31, 2013
Jkt 229001
agreements consistently. This regulation
provides elections to permit the parties
to a reinsurance agreement to shift the
burden of capitalization for their mutual
benefit.
Current Actions: There is no change to
these existing regulations.
Type of Review: Extension of a
currently approved collection.
Affected Public: Business or other forprofit organizations.
Estimated Number of Respondents:
2,070.
Estimated Time per Respondent: 1 hr.
Estimated Total Annual Burden
Hours: 2,070.
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: July 26, 2013.
Allan Hopkins,
Tax Analyst.
[FR Doc. 2013–18497 Filed 7–31–13; 8:45 am]
BILLING CODE 4830–01–P
PO 00000
Frm 00128
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DEPARTMENT OF THE TREASURY
Internal Revenue Service
Proposed Collection; Comment
Request for Form 990–N
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
990–N, Electronic Notice (e-Postcard)
for Tax-Exempt Organizations not
Required To file Form 990 or 990–EZ.
DATES: Written comments should be
received on or before September 30,
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 forms and instructions
should be directed to Allan Hopkins, at
Internal Revenue Service, Room 6129,
1111 Constitution Avenue NW.,
Washington DC 20224, or through the
Internet, at Allan.M.Hopkins@irs.gov.
SUPPLEMENTARY INFORMATION:
Title: Electronic Notice (e-Postcard)
for Tax-Exempt Organizations not
Required To file Form 990 or 990–EZ.
OMB Number: 1545–2085.
Form Number: 990–N.
Abstract: Section 1223 of the Pension
Protection Act of 2006 (PPA ’06),
enacted on August 17, 2006, amended
Internal Revenue Code (Code) section
6033 by adding Code section 6033(i),
which requires certain tax-exempt
organizations to file an annual
electronic notice (Form 990–N) for tax
years beginning after December 31,
2006. These organizations are not
required to file Form 990 (or Form 990–
EZ) because their gross receipts are
normally $25,000 or less.
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:
300,000.
SUMMARY:
E:\FR\FM\01AUN1.SGM
01AUN1
]]>Agencies
[Federal Register Volume 78, Number 148 (Thursday, August 1, 2013)]
[Notices]
[Page 46692]
From the Federal Register Online via the Government Printing Office [www.gpo.gov]
[FR Doc No: 2013-18497]
-----------------------------------------------------------------------
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
capitalization of certain policy acquisition expenses.
DATES: Written comments should be received on or before September 30,
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 Allan Hopkins at
Internal Revenue Service, Room 6129, 1111 Constitution Avenue NW.,
Washington, DC 20224, or through the internet at
Allan.M.Hopkins@irs.gov.
SUPPLEMENTARY INFORMATION:
Title: Capitalization of Certain Policy Acquisition Expenses.
OMB Number: 1545-1287.
Regulation Project Number: FI-3-91 (TD 8456).
Abstract: Internal Revenue Code section 848 provides that insurance
companies' must capitalize ``specified policy acquisition expenses. In
lieu of identifying the categories of expenses that must be
capitalized, section 848 requires that a company capitalize an amount
of otherwise deductible expenses equal to specified percentages of net
premiums with respect to certain types of insurance contracts.
Insurance companies that enter into reinsurance agreements must
determine the amounts to be capitalized under those agreements
consistently. This regulation provides elections to permit the parties
to a reinsurance agreement to shift the burden of capitalization for
their mutual benefit.
Current Actions: There is no change to these existing regulations.
Type of Review: Extension of a currently approved collection.
Affected Public: Business or other for-profit organizations.
Estimated Number of Respondents: 2,070.
Estimated Time per Respondent: 1 hr.
Estimated Total Annual Burden Hours: 2,070.
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: July 26, 2013.
Allan Hopkins,
Tax Analyst.
[FR Doc. 2013-18497 Filed 7-31-13; 8:45 am]
BILLING CODE 4830-01-P
