Proposed Collection; Comment Request for Regulation Project., 54348 [2014-21604]
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54348
Federal Register / Vol. 79, No. 176 / Thursday, September 11, 2014 / 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,
Public Law 104–13 (44 U.S.C.
3506(c)(2)(A)). The IRS is soliciting
comments concerning information
collection requirements related to
Return Requirement for United States
Persons Acquiring or Disposing of an
Interest in a Foreign Partnership, or
Whose Proportional Interest in a Foreign
Partnership Changes.
DATES: Written comments should be
received on or before November 10,
2014 to be assured of consideration.
ADDRESSES: Direct all written comments
to Christie Preston, Internal Revenue
Service, room 6129, 1111 Constitution
Avenue NW., Washington, DC 20224.
FOR FURTHER INFORMATION CONTACT:
Requests for additional information or
copies of this regulation should be
directed to R. Joseph Durbala, (202)
317–5746, Internal Revenue Service,
room 6129, 1111 Constitution Avenue
NW., Washington, DC 20224, or through
the internet at RJoseph.Durbala@irs.gov.
SUPPLEMENTARY INFORMATION:
Title: Return Requirement for United
States Persons Acquiring or Disposing of
an Interest in a Foreign Partnership, or
Whose Proportional Interest in a Foreign
Partnership Changes.
OMB Number: 1545–1646.
Regulation Project Number: T.D. 8851
Abstract: Section 6046A requires U.S.
persons to provide certain information
with respect to the acquisition or
disposition of a 10-percent interest in,
or a 10-percent change in ownership of,
a foreign partnership. This regulation
provides reporting rules to identify U.S.
persons with significant interests in
foreign partnerships to ensure the
correct reporting of items with respect
to these interests.
Current Actions: There is no change to
this existing regulation.
Type of Review: Extension of a
currently approved collection.
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SUMMARY:
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18:29 Sep 10, 2014
Jkt 232001
Affected Public: Business or other forprofit organizations, Individuals or
households and not-for-profit
institutions.
The burden is reflected in the burden
of Form 8865.
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: September 3, 2014.
R. Joseph Durbala,
IRS, Reports Clearance Officer.
[FR Doc. 2014–21604 Filed 9–10–14; 8:45 am]
BILLING CODE 4830–01–P
DEPARTMENT OF THE TREASURY
Internal Revenue Service
Proposed Collection; Comment
Request for Revenue Procedure
2001–21
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
SUMMARY:
PO 00000
Frm 00087
Fmt 4703
Sfmt 4703
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
Revenue Procedure 2001–21, Debt RollUps.
DATES: Written comments should be
received on or before November 10,
2014 to be assured of consideration.
ADDRESSES: Direct all written comments
to Christie Preston, 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 Allan Hopkins at Internal
Revenue Service, Room 6129, 1111
Constitution Avenue NW., Washington,
DC 20224, or through the internet at
Allan.M.Hopkins@irs.gov.
SUPPLEMENTARY INFORMATION:
Title: Debt Roll-Ups.
OMB Number: 1545–1647.
Revenue Procedure Number: Revenue
Procedure 2001–21.
Abstract: Revenue Procedure 2001–21
provides for an election that will
facilitate the consolidation of two or
more outstanding debt instruments into
a single debt instrument. Under the
election, taxpayers can treat certain
exchanges of debt instruments as
realization events for federal income tax
purposes even though the exchanges do
not result in significant medications
under section 1.1001–3 of the Income
Tax Regulations.
Current Actions: There are no changes
to the paperwork burden relating to this
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:
100.
Estimated Time per Respondent: 45
minutes.
Estimated Total Annual Burden
Hours: 75.
The following paragraph applies to all
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,
E:\FR\FM\11SEN1.SGM
11SEN1
]]>Agencies
[Federal Register Volume 79, Number 176 (Thursday, September 11, 2014)]
[Notices]
[Page 54348]
From the Federal Register Online via the Government Printing Office [www.gpo.gov]
[FR Doc No: 2014-21604]
[[Page 54348]]
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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, Public Law 104-13 (44 U.S.C.
3506(c)(2)(A)). The IRS is soliciting comments concerning information
collection requirements related to Return Requirement for United States
Persons Acquiring or Disposing of an Interest in a Foreign Partnership,
or Whose Proportional Interest in a Foreign Partnership Changes.
DATES: Written comments should be received on or before November 10,
2014 to be assured of consideration.
ADDRESSES: Direct all written comments to Christie Preston, Internal
Revenue Service, room 6129, 1111 Constitution Avenue NW., Washington,
DC 20224.
FOR FURTHER INFORMATION CONTACT: Requests for additional information or
copies of this regulation should be directed to R. Joseph Durbala,
(202) 317-5746, Internal Revenue Service, room 6129, 1111 Constitution
Avenue NW., Washington, DC 20224, or through the internet at
RJoseph.Durbala@irs.gov.
SUPPLEMENTARY INFORMATION:
Title: Return Requirement for United States Persons Acquiring or
Disposing of an Interest in a Foreign Partnership, or Whose
Proportional Interest in a Foreign Partnership Changes.
OMB Number: 1545-1646.
Regulation Project Number: T.D. 8851
Abstract: Section 6046A requires U.S. persons to provide certain
information with respect to the acquisition or disposition of a 10-
percent interest in, or a 10-percent change in ownership of, a foreign
partnership. This regulation provides reporting rules to identify U.S.
persons with significant interests in foreign partnerships to ensure
the correct reporting of items with respect to these interests.
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,
Individuals or households and not-for-profit institutions.
The burden is reflected in the burden of Form 8865.
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: September 3, 2014.
R. Joseph Durbala,
IRS, Reports Clearance Officer.
[FR Doc. 2014-21604 Filed 9-10-14; 8:45 am]
BILLING CODE 4830-01-P
