Proposed Collection; Comment Request for Regulation Project, 53505 [2013-21135]
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Federal Register / Vol. 78, No. 168 / Thursday, August 29, 2013 / Notices
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.
Currently, the IRS is soliciting
comments concerning Definitions Under
Subchapter S of the Internal Revenue
Code.
SUMMARY:
Written comments should be
received on or before October 28, 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 regulation should be
directed to Gerald J. Shields, Internal
Revenue Service, room 6129, 1111
Constitution Avenue NW., Washington,
DC 20224 or at Gerald.J.Shields@irs.gov.
SUPPLEMENTARY INFORMATION:
Title: Definitions Under Subchapter S
of the Internal Revenue Code.
OMB Number: 1545–1462.
Regulation Project Number: TD 8696.
Abstract: Section 1.1377–1(b)(4) of the
regulation provides that an S
corporation making a terminating
election under Internal Revenue Code
section 1377(a)(2) must attach a
statement to its timely filed original or
amended return required to be filed
under Code section 6037(a). The
statement must provide information
concerning the events that gave rise to
the election and declarations of consent
from the S corporation shareholders.
Current Actions: There is no change to
this existing regulation.
Type of Review: Extension of OMB
approval.
Affected Public: Business or other forprofit organizations, and individuals.
Estimated Number of Respondents:
4,000.
Estimated Time per Respondent: 15
hours.
Estimated Total Annual Burden
Hours: 1,000.
sroberts on DSK5SPTVN1PROD with NOTICES
DATES:
VerDate Mar<15>2010
18:34 Aug 28, 2013
Jkt 229001
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: August 23, 2013.
Allan M. Hopkins,
Tax Analyst.
[FR Doc. 2013–21135 Filed 8–28–13; 8:45 am]
BILLING CODE 4830–01–P
DEPARTMENT OF THE TREASURY
Internal Revenue Service
Proposed Collection; Comment
Request for Various Revenue
Procedures
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.
Currently, the IRS is soliciting
SUMMARY:
PO 00000
Frm 00084
Fmt 4703
Sfmt 4703
53505
comments concerning Modified
Endowment Contract Correction
Program Extension.
DATES: Written comments should be
received on or before October 28, 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 revenue procedure should
be directed to Gerald J. Shields, Internal
Revenue Service, room 6129, 1111
Constitution Avenue NW., Washington,
DC 20224 or through the internet at
Gerald.J.Shields.
SUPPLEMENTARY INFORMATION:
Title: Modified Endowment Contract
Correction Program Extension.
OMB Number: 1545–1752.
Revenue Procedure Number: Various
Revenue Procedures.
Abstract: Revenue Procedure 2001–42
allows issuers of life insurance contracts
whose contracts have failed to meet the
tests provided in section 7702A of the
Internal Revenue Code to cure these
contracts that have inadvertently
become modified endowment contracts.
The revenue procedure has been
updated by various other revenue
procedures, such as RP 2008–40, RP
2008–38, RP 2008–39, RP 2008–41, and
RP 2088–42, which has been published
since then.
Current Actions: There are no changes
being made to the revenue procedure at
this time.
Type of Review: Extension of a
currently approved collection.
Affected Public: Business or other forprofit organizations.
Estimated Number of Respondents:
70.
Estimated Average Time per
Respondent: 85 hours.
Estimated Total Annual Reporting
Hours: 5,950.
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
E:\FR\FM\29AUN1.SGM
29AUN1
]]>Agencies
[Federal Register Volume 78, Number 168 (Thursday, August 29, 2013)]
[Notices]
[Page 53505]
From the Federal Register Online via the Government Printing Office [www.gpo.gov]
[FR Doc No: 2013-21135]
[[Page 53505]]
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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. Currently, the IRS is soliciting
comments concerning Definitions Under Subchapter S of the Internal
Revenue Code.
DATES: Written comments should be received on or before October 28,
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 regulation should be directed to Gerald J. Shields,
Internal Revenue Service, room 6129, 1111 Constitution Avenue NW.,
Washington, DC 20224 or at Gerald.J.Shields@irs.gov.
SUPPLEMENTARY INFORMATION:
Title: Definitions Under Subchapter S of the Internal Revenue Code.
OMB Number: 1545-1462.
Regulation Project Number: TD 8696.
Abstract: Section 1.1377-1(b)(4) of the regulation provides that an
S corporation making a terminating election under Internal Revenue Code
section 1377(a)(2) must attach a statement to its timely filed original
or amended return required to be filed under Code section 6037(a). The
statement must provide information concerning the events that gave rise
to the election and declarations of consent from the S corporation
shareholders.
Current Actions: There is no change to this existing regulation.
Type of Review: Extension of OMB approval.
Affected Public: Business or other for-profit organizations, and
individuals.
Estimated Number of Respondents: 4,000.
Estimated Time per Respondent: 15 hours.
Estimated Total Annual Burden Hours: 1,000.
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: August 23, 2013.
Allan M. Hopkins,
Tax Analyst.
[FR Doc. 2013-21135 Filed 8-28-13; 8:45 am]
BILLING CODE 4830-01-P
