Proposed Collection; Comment Request for Regulation Project, 37393-37394 [2014-15439]
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emcdonald on DSK67QTVN1PROD with NOTICES
Federal Register / Vol. 79, No. 126 / Tuesday, July 1, 2014 / Notices
annually information concerning food
or beverage operations receipts, tips
reported by employees, and in certain
cases, the employer must allocate tips to
certain employees. Forms 8027 and
8027–T are used for this purpose.
Current Actions: There are no changes
being made to these forms at this time.
Type of Review: Extension of a
currently approved collection.
Affected Public: Business or other forprofit organizations, individuals or
households, not-for-profit institutions
and state, local or tribal governments.
Estimated Number of Respondents:
52,050.
Estimated Time Per Respondent: 9
hours, 23 minutes.
Estimated Total Annual Burden
Hours: 488,161.
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: May 20, 2014.
R. Joseph Durbala,
IRS Reports Clearance Officer.
[FR Doc. 2014–15449 Filed 6–30–14; 8:45 am]
BILLING CODE 4830–01–P
VerDate Mar<15>2010
19:00 Jun 30, 2014
Jkt 232001
DEPARTMENT OF THE TREASURY
Internal Revenue Service
Proposed Collection; Comment
Request for Form 5305A–SEP
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 salary
reduction simplified employee pensionindividual retirement accounts
contribution agreement.
DATES: Written comments should be
received on or before September 2, 2014
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 form and instructions
should be directed to Gerald J. Shields,
LL.M., Internal Revenue Service, room
6129, 1111 Constitution Avenue NW.,
Washington, DC 20224, or or through
the internet at Gerald.J.Shields@irs.gov.
SUPPLEMENTARY INFORMATION:
Title: Salary Reduction Simplified
Employee Pension-Individual
Retirement Accounts Contribution
Agreement.
OMB Number: 1545–1012.
Form Number: 5305A–SEP.
Abstract: Form 5305A–SEP is used by
an employer to make an agreement to
provide benefits to all employees under
a Simplified Employee Pension (SEP)
described in Internal Revenue Code
section 408(k). This form is not to be
filed with the IRS, but is to be retained
in the employer’s records as proof of
establishing a SEP and justifying a
deduction for contributions made to the
SEP.
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: Business or other forprofit organizations and individuals.
Estimated Number of Respondents:
100,000.
SUMMARY:
PO 00000
Frm 00123
Fmt 4703
Sfmt 4703
37393
Estimated Time per Respondent: 9
hours, 43 minutes.
Estimated Total Annual Burden
Hours: 972,000.
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 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, 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 7, 2011.
R. Joseph Durbala,
IRS Reports Clearance Officer.
[FR Doc. 2014–15450 Filed 6–30–14; 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\01JYN1.SGM
01JYN1
emcdonald on DSK67QTVN1PROD with NOTICES
37394
Federal Register / Vol. 79, No. 126 / Tuesday, July 1, 2014 / Notices
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 certain
transfers of property to Regulated
Investment Companies (RICs) and Real
Estate Investment Trusts (REITs).
DATES: Written comments should be
received on or before September 2, 2014
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 regulations 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: Certain Transfers of Property to
Regulated Investment Companies (RICs)
and Real Estate Investment Trusts
(REITs).
OMB Number: 1545–1672. Regulation
Project Number: TD 9047.
Abstract: The regulation applies with
respect to the net built-in gain of C
corporation property that becomes
property of a Regulated Investment
Company (RIC) or Real Estate
Investment Trust (REIT) by the
qualification of a C corporation as a RIC
or REIT or by the transfer of property of
a C corporation to a RIC or REIT in
certain tax-free transactions. Depending
on the date of the transfer of property
or qualification as a RIC or REIT, the
regulation provides that either (1) the C
corporation will recognize gain as if it
had sold the property at fair market
value unless the RIC or REIT elects
section 1374 treatment or (2) the RIC or
REIT will be subject to section 1374
treatment with respect to the net
recognized built-in-gain, unless the C
corporation elects deemed sale
treatment. The regulation provides that
a section 1374 election is made by filing
a statement, signed by an official
authorized to sign the income tax return
of the RIC or REIT and attached to the
RIC’s or REIT’s Federal income tax
return for the taxable year in which the
property of the C corporation becomes
the property of the RIC or REIT. The
regulation provides that a deemed sale
election is made by filing a statement,
signed by an official authorized to sign
the income tax return of the C
corporation and attached to the C
corporation’s Federal income tax return
for the taxable year in which the
deemed sale occurs.
VerDate Mar<15>2010
19:00 Jun 30, 2014
Jkt 232001
Current Actions: There are no changes
being made to this existing regulation.
Type of Review: Extension of
currently approved collection.
Affected Public: Business or other forprofit organizations.
Estimated Number of Respondents:
140.
Estimated Time per Respondent: 30
minutes.
Estimated Total Annual Burden
Hours: 70.
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: May 23, 2014.
R. Joseph Durbala,
IRS Reports Clearance Officer.
[FR Doc. 2014–15439 Filed 6–30–14; 8:45 am]
BILLING CODE 4830–01–P
DEPARTMENT OF THE TREASURY
Internal Revenue Service
Proposed Collection; Comment
Request for Forms 1040–PR and 1040–
SS
Internal Revenue Service (IRS),
Treasury.
AGENCY:
PO 00000
Frm 00124
Fmt 4703
Sfmt 4703
Notice and request for
comments.
ACTION:
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
´
1040–PR, Planilla para la Declaracion de
´
la Contribucion Federal sobre el Trabajo
por Cuenta Propia (Incluyendo el
´
Credito Tributario Adicional por Hijos
para Residentes Bona Fide de Puerto
Rico) and Form 1040–SS, U.S. SelfEmployment Tax Return (Including the
Additional Child Tax Credit for Bona
Fide Residents of Puerto Rico)
DATES: Written comments should be
received on or before September 2, 2014
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 form and instructions
should be directed to Gerald J. Shields,
LL.M. at Internal Revenue Service,
Room 6129, 1111 Constitution Avenue
NW., Washington, DC 20224, or through
the Internet at Gerald.J.Shields@irs.gov.
SUPPLEMENTARY INFORMATION:
´
Title: Planilla para la Declaracion de
´
la Contribucion Federal sobre el Trabajo
por Cuenta Propia (Incluyendo el
´
Credito Tributario Adicional por Hijos
para Residentes Bona Fide de Puerto
Rico).
OMB Number: 1545–0090.
Form Number: Form 1040–PR.
Abstract: Form 1040–PR, is used by
self-employed individuals to figure and
report self-employment tax under IRC
chapter 2 of Subtitle A, and provide
credit to the taxpayer’s social security
account. Anejo H–PR is used to
compute household employment taxes
and the Form 104–PR burden
calculation includes this burden of
2,400 responses with 5,376 hours.
Current Actions: There are changes,
due to Public Law 112–96, section 1001;
Public Law 111–148, section 9014,
which changed IRC section 1401 (b)(2);
Chief Counsel request; SSA Fact Sheet:
2013 Social Security Changes, being
made to the form at this time which
increased taxpayer burden. This form is
being submitted for renewal purposes.
Type of Review: Revision of a
currently approved collection.
SUMMARY:
E:\FR\FM\01JYN1.SGM
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]]>Agencies
[Federal Register Volume 79, Number 126 (Tuesday, July 1, 2014)]
[Notices]
[Pages 37393-37394]
From the Federal Register Online via the Government Printing Office [www.gpo.gov]
[FR Doc No: 2014-15439]
-----------------------------------------------------------------------
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
[[Page 37394]]
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 certain transfers of property to Regulated
Investment Companies (RICs) and Real Estate Investment Trusts (REITs).
DATES: Written comments should be received on or before September 2,
2014 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 regulations 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: Certain Transfers of Property to Regulated Investment
Companies (RICs) and Real Estate Investment Trusts (REITs).
OMB Number: 1545-1672. Regulation Project Number: TD 9047.
Abstract: The regulation applies with respect to the net built-in
gain of C corporation property that becomes property of a Regulated
Investment Company (RIC) or Real Estate Investment Trust (REIT) by the
qualification of a C corporation as a RIC or REIT or by the transfer of
property of a C corporation to a RIC or REIT in certain tax-free
transactions. Depending on the date of the transfer of property or
qualification as a RIC or REIT, the regulation provides that either (1)
the C corporation will recognize gain as if it had sold the property at
fair market value unless the RIC or REIT elects section 1374 treatment
or (2) the RIC or REIT will be subject to section 1374 treatment with
respect to the net recognized built-in-gain, unless the C corporation
elects deemed sale treatment. The regulation provides that a section
1374 election is made by filing a statement, signed by an official
authorized to sign the income tax return of the RIC or REIT and
attached to the RIC's or REIT's Federal income tax return for the
taxable year in which the property of the C corporation becomes the
property of the RIC or REIT. The regulation provides that a deemed sale
election is made by filing a statement, signed by an official
authorized to sign the income tax return of the C corporation and
attached to the C corporation's Federal income tax return for the
taxable year in which the deemed sale occurs.
Current Actions: There are no changes being made to this existing
regulation.
Type of Review: Extension of currently approved collection.
Affected Public: Business or other for-profit organizations.
Estimated Number of Respondents: 140.
Estimated Time per Respondent: 30 minutes.
Estimated Total Annual Burden Hours: 70.
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: May 23, 2014.
R. Joseph Durbala,
IRS Reports Clearance Officer.
[FR Doc. 2014-15439 Filed 6-30-14; 8:45 am]
BILLING CODE 4830-01-P
