Proposed Collection; Comment Request for Form 8874-B, 48772 [2013-19229]
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48772
Federal Register / Vol. 78, No. 154 / Friday, August 9, 2013 / Notices
Written comments should be
received on or before October 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 regulation should be directed
to Sara Covington, or at Internal
Revenue Service, Room 6129, 1111
Constitution Avenue NW., Washington
DC 20224, or through the Internet, at
Sara.L.Covington@irs.gov.
DATES:
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SUPPLEMENTARY INFORMATION:
Title: Pass-through of Items of an S
Corporation to its Shareholders.
OMB Number: 1545–1613.
Regulation Project Number: REG–
209446–82 (TD 8852)
Abstract: Section 1366 requires
shareholders of an S corporation to take
into account their pro rata share of
separately stated items of the S
corporation and non-separately
computed income or loss. Section
1.1366–1 of the regulation provides that
an S corporation must report, and a
shareholder is required to take into
account in the shareholder’s return, the
shareholder’s pro rata share, whether or
not distributed, of the S corporation’s
items of income, loss, deduction, or
credit.
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, and Individuals or
households.
This reporting requirement is
reflected in the burden of Form 1040,
U.S. Individual Income Tax Return, and
Form 1120S, U.S. Income Tax Return for
an S Corporation. 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:
VerDate Mar<15>2010
14:54 Aug 08, 2013
Jkt 229001
(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 2, 2013.
Allan Hopkins,
IRS Tax Analyst.
[FR Doc. 2013–19371 Filed 8–8–13; 8:45 am]
BILLING CODE 4830–01–P
DEPARTMENT OF THE TREASURY
Internal Revenue Service
Proposed Collection; Comment
Request for Form 8874–B
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
8874–B, Notice of Recapture Event for
New Markets Credit.
DATES: Written comments should be
received on or before October 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 Kerry Dennis at
Internal Revenue Service, Room 6129,
1111 Constitution Avenue NW.,
Washington, DC 20224, or through the
internet at Kerry.Dennis@irs.gov.
SUPPLEMENTARY INFORMATION:
Title: Notice of Recapture Event for
New Markets Credit.
SUMMARY:
PO 00000
Frm 00131
Fmt 4703
Sfmt 9990
OMB Number: 1545–2066.
Form Number: 8874–B
Abstract: CDEs must provide
notification to any taxpayer holder of a
qualified equity investment (including
prior holders) that a recapture event has
occurred. This form is used to make the
notification as required under
Regulations section 1.45D–1(g)(2)(i)(B).
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: Individual or
households, Business or other for-profit.
Estimated Number of Respondents:
500.
Estimated Time per Respondent: 5
hours; 30 minutes.
Estimated Total Annual Burden
Hours: 2,755.
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 31, 2013.
R. Joseph Durbala,
IRS Reports Clearance Officer.
[FR Doc. 2013–19229 Filed 8–8–13; 8:45 am]
BILLING CODE 4830–01–P
E:\FR\FM\09AUN1.SGM
09AUN1
]]>Agencies
[Federal Register Volume 78, Number 154 (Friday, August 9, 2013)]
[Notices]
[Page 48772]
From the Federal Register Online via the Government Printing Office [www.gpo.gov]
[FR Doc No: 2013-19229]
-----------------------------------------------------------------------
DEPARTMENT OF THE TREASURY
Internal Revenue Service
Proposed Collection; Comment Request for Form 8874-B
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
Form 8874-B, Notice of Recapture Event for New Markets Credit.
DATES: Written comments should be received on or before October 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 Kerry Dennis
at Internal Revenue Service, Room 6129, 1111 Constitution Avenue NW.,
Washington, DC 20224, or through the internet at Kerry.Dennis@irs.gov.
SUPPLEMENTARY INFORMATION:
Title: Notice of Recapture Event for New Markets Credit.
OMB Number: 1545-2066.
Form Number: 8874-B
Abstract: CDEs must provide notification to any taxpayer holder of
a qualified equity investment (including prior holders) that a
recapture event has occurred. This form is used to make the
notification as required under Regulations section 1.45D-1(g)(2)(i)(B).
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: Individual or households, Business or other for-
profit.
Estimated Number of Respondents: 500.
Estimated Time per Respondent: 5 hours; 30 minutes.
Estimated Total Annual Burden Hours: 2,755.
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 31, 2013.
R. Joseph Durbala,
IRS Reports Clearance Officer.
[FR Doc. 2013-19229 Filed 8-8-13; 8:45 am]
BILLING CODE 4830-01-P
