Proposed Collection; Comment Request For Regulation Project, 41362-41363 [2014-16484]
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mstockstill on DSK4VPTVN1PROD with NOTICES
41362
Federal Register / Vol. 79, No. 135 / Tuesday, July 15, 2014 / Notices
soliciting comments concerning Form
843, Claim for Refund and Request for
Abatement.
DATES: Written comments should be
received on or before September 15,
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 LaNita Van Dyke,
Internal Revenue Service, Room 6517,
1111 Constitution Avenue NW.,
Washington, DC 20224, or through the
internet at Lanita.VanDyke@irs.gov.
SUPPLEMENTARY INFORMATION:
Title: Claim for Refund and Request
for Abatement.
OMB Number: 1545–0024.
Form Number: 843.
Abstract: Internal Revenue Code
section 6402, 6404, and sections
301.6402–2, 301.6404–1, and 301.6404–
3 of the regulations allow for refunds of
taxes (except income taxes) or refund,
abatement, or credit of interest,
penalties, and additions to tax in the
event of errors or certain actions by the
IRS. Form 843 is used by taxpayers to
claim these refunds, credits, or
abatements.
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, individuals or
households, not-for-profit institutions,
farms, and state, local or tribal
governments.
Estimated Number of Responses:
550,500.
Estimated Time per Respondent: 1 hr.,
35 min.
Estimated Total Annual Burden
Hours: 875,295.
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
VerDate Mar<15>2010
17:46 Jul 14, 2014
Jkt 232001
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 5, 2014.
R. Joseph Durbala,
IRS Reports Clearance Officer.
[FR Doc. 2014–16471 Filed 7–14–14; 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 effort to reduce
paperwork and respondent burden,
invites the general public and 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)). The IRS is
soliciting comments concerning
Treatment of Gain From the Disposition
of Interest in Certain Natural Resource
Recapture Property by S Corporations
and Their Shareholders.
DATES: Written comments should be
received on or before September 15,
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 information collection
should be directed to LaNita Van Dyke,
or at Internal Revenue Service, room
6517, 1111 Constitution Avenue NW.,
Washington, DC 20224, or through the
internet, at Lanita.VanDyke@irs.gov.
SUMMARY:
PO 00000
Frm 00117
Fmt 4703
Sfmt 4703
SUPPLEMENTARY INFORMATION:
Title: Treatment of Gain From the
Disposition of Interest in Certain
Natural Resource Recapture Property by
S Corporations and Their Shareholders.
OMB Number: 1545–1493.
Regulation Project Number: T.D. 8684.
Abstract: This regulation prescribes
rules under Code section 1254 relating
to the treatment by S corporations and
their shareholders of gain from the
disposition of natural resource recapture
property and from the sale or exchange
of S corporation stock. Section 1.1254–
4(c)(2) of the regulation provides that
gain recognized on the sale or exchange
of S corporation stock is not treated as
ordinary income if the shareholder
attaches a statement to his or her return
containing information establishing that
the gain is not attributable to section
1254 costs.
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.
Estimated Number of Respondents:
1,000.
Estimated Time per Respondent: 1
hour.
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
E:\FR\FM\15JYN1.SGM
15JYN1
Federal Register / Vol. 79, No. 135 / Tuesday, July 15, 2014 / Notices
technology; and (e) estimates of capital
or start-up costs and costs of operation,
maintenance, and purchase of services
to provide information.
Approved: June 6, 2014.
R. Joseph Durbala,
IRS Reports Clearance Officer.
[FR Doc. 2014–16484 Filed 7–14–14; 8:45 am]
BILLING CODE 4830–01–P
DEPARTMENT OF THE TREASURY
Internal Revenue Service
Proposed Collection; Comment
Request for Form 12114
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
12114, Continuation Sheet for Item #15
(Additional Information) OF–306,
Declaration for Federal Employment.
DATES: Written comments should be
received on or before September 15,
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 LaNita Van Dyke,
at Internal Revenue Service, room 6517,
1111 Constitution Avenue NW.,
Washington, DC 20224, or through the
internet at Lanita.VanDyke@irs.gov.
SUPPLEMENTARY INFORMATION:
Title: Continuation Sheet for Item #15
(Additional Information) OF–306,
Declaration for Federal Employment.
OMB Number: 1545–1921.
Form Number: 12114.
Abstract: This form is used by
recruitment personnel of the Covington
Host Site. This form is provided to
applicants when completing OF 306,
Declaration for Federal Employment. It
is used as a continuation sheet to clearly
define additional information that is
requested in item 15 of the OF 306. Due
to lack of space on the OF 306 this form
mstockstill on DSK4VPTVN1PROD with NOTICES
SUMMARY:
VerDate Mar<15>2010
17:46 Jul 14, 2014
Jkt 232001
can be used in lieu of an additional
sheet of paper.
Type of Review: Extension of a
currently approved collection.
Affected Public: Individuals or
households.
Estimated Number of Respondents:
24,813.
Estimated Time per Respondent: 15
minutes.
Estimated Total Annual Burden
Hours: 6,203.
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 19, 2014.
R. Joseph Durbala,
IRS Reports Clearance Officer.
[FR Doc. 2014–16472 Filed 7–14–14; 8:45 am]
BILLING CODE 4830–01–P
DEPARTMENT OF THE TREASURY
Internal Revenue Service
Proposed Collection; Comment
Request for Form 4797
Internal Revenue Service (IRS),
Treasury.
ACTION: Notice and request for
comments.
AGENCY:
PO 00000
Frm 00118
Fmt 4703
Sfmt 4703
41363
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
4797, Sales of Business Property.
DATES: Written comments should be
received on or before September 15,
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
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: Sales of Business Property.
OMB Number: 1545–0184.
Form Number: 4797.
Abstract: Form 4797 is used by
taxpayers to report sales, exchanges, or
involuntary conversions of assets used
in a trade or business. It is also used to
compute ordinary income from
recapture and the recapture of prior year
losses under section 1231 of the Internal
Revenue Code. In the instructions, the
Worksheet for Partners and S
Corporation Shareholders To Figure
Gain or Loss on Dispositions of Property
for Which a Section 179 Deduction Was
Claimed is located.
Current Actions: There are no changes
being made to the form at this time. The
change in burden is due to changes in
the instructions and agency discretion.
Type of Review: Revision of a
currently approved collection.
Affected Public: Business or other forprofit organizations, individuals or
households, and farms.
Estimated Number of Respondents:
1,993,957.
Estimated Time per Respondent: 42
hours, 2 minutes.
Estimated Total Annual Burden
Hours: 78,852,363.
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.
SUMMARY:
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15JYN1
]]>Agencies
[Federal Register Volume 79, Number 135 (Tuesday, July 15, 2014)]
[Notices]
[Pages 41362-41363]
From the Federal Register Online via the Government Printing Office [www.gpo.gov]
[FR Doc No: 2014-16484]
-----------------------------------------------------------------------
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 effort to
reduce paperwork and respondent burden, invites the general public and
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)). The
IRS is soliciting comments concerning Treatment of Gain From the
Disposition of Interest in Certain Natural Resource Recapture Property
by S Corporations and Their Shareholders.
DATES: Written comments should be received on or before September 15,
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 information collection should be directed to LaNita Van
Dyke, or at Internal Revenue Service, room 6517, 1111 Constitution
Avenue NW., Washington, DC 20224, or through the internet, at
Lanita.VanDyke@irs.gov.
SUPPLEMENTARY INFORMATION:
Title: Treatment of Gain From the Disposition of Interest in
Certain Natural Resource Recapture Property by S Corporations and Their
Shareholders.
OMB Number: 1545-1493.
Regulation Project Number: T.D. 8684.
Abstract: This regulation prescribes rules under Code section 1254
relating to the treatment by S corporations and their shareholders of
gain from the disposition of natural resource recapture property and
from the sale or exchange of S corporation stock. Section 1.1254-
4(c)(2) of the regulation provides that gain recognized on the sale or
exchange of S corporation stock is not treated as ordinary income if
the shareholder attaches a statement to his or her return containing
information establishing that the gain is not attributable to section
1254 costs.
Current Actions: There is no change to this existing regulation.
Type of Review: Extension of a currently approved collection.
Affected Public: Business or other for-profit organizations, and
individuals.
Estimated Number of Respondents: 1,000.
Estimated Time per Respondent: 1 hour.
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
[[Page 41363]]
technology; and (e) estimates of capital or start-up costs and costs of
operation, maintenance, and purchase of services to provide
information.
Approved: June 6, 2014.
R. Joseph Durbala,
IRS Reports Clearance Officer.
[FR Doc. 2014-16484 Filed 7-14-14; 8:45 am]
BILLING CODE 4830-01-P
