Proposed Collection; Comment Request for Revenue Procedure(s), 44970 [2014-18193]
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44970
Federal Register / Vol. 79, No. 148 / Friday, August 1, 2014 / Notices
Dated: July 23, 2014.
Adam J. Szubin,
Director, Office of Foreign Assets Control.
[FR Doc. 2014–18215 Filed 7–31–14; 8:45 am]
BILLING CODE 4810–AL–P
DEPARTMENT OF THE TREASURY
Internal Revenue Service
Proposed Collection; Comment
Request for Revenue Procedure(s)
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)). The IRS is soliciting
comments concerning information
collection requirements related to
waiver of 60-month bar on
reconsolidation after disaffiliation and
procedure to eliminate impediments to
e-filing consolidated returns and reduce
reporting requirements.
DATES: Written comments should be
received on or before September 30,
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 revenue procedure 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: Revenue Procedure 2002–32,
Waiver of 60-Month Bar on
Reconsolidation after Disaffiliation;
Revenue Procedure 2006–21, to
Eliminate Impediments to E-Filing
Consolidated Returns and Reduce
Reporting Requirements.
OMB Number: 1545–1784.
Revenue Procedure Numbers: 2002–
32 and 2006–21.
Abstract: Revenue Procedure 2002–32
provides qualifying taxpayers with a
waiver of the general rule of
§ 1504(a)(3)(A) of the Internal Revenue
Code barring corporations from filing
consolidated returns as a member of a
tkelley on DSK3SPTVN1PROD with NOTICES
SUMMARY:
VerDate Mar<15>2010
22:09 Jul 31, 2014
Jkt 232001
group of which it had been a member
for 60 months following the year of
disaffiliation; Revenue Procedure 2006–
21 modifies Rev. Proc. 89–56, 1989–2
C.B. 643, Rev. Proc. 90–39, 1990–2 C.B.
365, and Rev. Proc. 2002–32, 2002–20
IRB p. 959, to eliminate impediments to
the electronic filing of Federal income
tax returns (e-filing) and to reduce the
reporting requirements in each of these
revenue procedures.
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: 20.
The estimated annual burden per
respondent varies from 2 hours to 8
hours, depending on individual
circumstances, with an estimated
average of 5 hours.
Estimated total annual reporting
burden: 100.
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.
PO 00000
Frm 00233
Fmt 4703
Sfmt 4703
Approved: July 14, 2014.
R. Joseph Durbala,
IRS Reports Clearance Officer.
[FR Doc. 2014–18193 Filed 7–31–14; 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
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 information
collection requirements related to
purchase price allocations in deemed
and actual asset acquisitions.
DATES: Written comments should be
received on or before September 30,
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: Purchase Price Allocation in
Deemed and Actual Asset Acquisition.
OMB Number: 1545–1658.
Regulation Project Number: T.D. 8940.
Abstract: Section 338 of the Internal
Revenue Code provides rules under
which a qualifying stock acquisition is
treated as an asset acquisition (a
‘‘deemed asset acquisition’’) when an
appropriate election is made. Section
1060 provides rules for the allocation of
consideration when a trade or business
is transferred. The collection of
information is necessary to make the
election, to calculate and collect the
appropriate amount of tax liability when
a qualifying stock acquisition is made,
to determine the persons liable for such
tax, and to determine the bases of assets
SUMMARY:
E:\FR\FM\01AUN1.SGM
01AUN1
]]>Agencies
[Federal Register Volume 79, Number 148 (Friday, August 1, 2014)]
[Notices]
[Page 44970]
From the Federal Register Online via the Government Printing Office [www.gpo.gov]
[FR Doc No: 2014-18193]
-----------------------------------------------------------------------
DEPARTMENT OF THE TREASURY
Internal Revenue Service
Proposed Collection; Comment Request for Revenue Procedure(s)
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)). The IRS is soliciting comments concerning information
collection requirements related to waiver of 60-month bar on
reconsolidation after disaffiliation and procedure to eliminate
impediments to e-filing consolidated returns and reduce reporting
requirements.
DATES: Written comments should be received on or before September 30,
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 revenue procedure 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: Revenue Procedure 2002-32, Waiver of 60-Month Bar on
Reconsolidation after Disaffiliation; Revenue Procedure 2006-21, to
Eliminate Impediments to E-Filing Consolidated Returns and Reduce
Reporting Requirements.
OMB Number: 1545-1784.
Revenue Procedure Numbers: 2002-32 and 2006-21.
Abstract: Revenue Procedure 2002-32 provides qualifying taxpayers
with a waiver of the general rule of Sec. 1504(a)(3)(A) of the
Internal Revenue Code barring corporations from filing consolidated
returns as a member of a group of which it had been a member for 60
months following the year of disaffiliation; Revenue Procedure 2006-21
modifies Rev. Proc. 89-56, 1989-2 C.B. 643, Rev. Proc. 90-39, 1990-2
C.B. 365, and Rev. Proc. 2002-32, 2002-20 IRB p. 959, to eliminate
impediments to the electronic filing of Federal income tax returns (e-
filing) and to reduce the reporting requirements in each of these
revenue procedures.
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 for-profit organizations.
Estimated number of respondents: 20.
The estimated annual burden per respondent varies from 2 hours to 8
hours, depending on individual circumstances, with an estimated average
of 5 hours.
Estimated total annual reporting burden: 100.
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 14, 2014.
R. Joseph Durbala,
IRS Reports Clearance Officer.
[FR Doc. 2014-18193 Filed 7-31-14; 8:45 am]
BILLING CODE 4830-01-P
