Proposed Collection; Comment Request for Regulation Project, 27436 [2015-11572]
Download as PDF
<![CDATA[
27436
Federal Register / Vol. 80, No. 92 / Wednesday, May 13, 2015 / 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
information with respect to certain
foreign-owned corporations.
DATES: Written comments should be
received on or before July 13, 2015 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 Sara Covington at Internal
Revenue Service, Room 6129, 1111
Constitution Avenue NW., Washington,
DC 20224, or through the Internet at
Sara.L.Covington@irs.gov.
SUPPLEMENTARY INFORMATION:
Title: Information With Respect to
Certain Foreign-Owned Corporations.
OMB Number: 1545–1191.
Regulation Project Number: T.D. 8353.
Abstract: This document contains
final Income Tax Regulations relating to
information that must be reported and
records that must be maintained under
section 6038A of the Internal Revenue
Code. These regulations are necessary to
provide appropriate guidance for
affected reporting corporations and
related parties. The regulations affect
any reporting corporation (that is,
certain domestic corporations and
foreign corporations) as well as certain
related parties of the reporting
corporation.
Current Actions: There is no change to
these existing regulations.
Type of Review: Extension of
currently approved collection.
Affected Public: Individuals and
business or other for-profit
organizations.
asabaliauskas on DSK5VPTVN1PROD with NOTICES
SUMMARY:
VerDate Sep<11>2014
17:27 May 12, 2015
Jkt 235001
Estimated Number of Respondents:
63,000.
Estimated Time per Respondent: 10
hours.
Estimated Total Annual Burden
Hours: 630,000.
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: May 6, 2015.
Christie Preston,
IRS Reports Clearance Officer.
[FR Doc. 2015–11572 Filed 5–12–15; 8:45 am]
BILLING CODE 4830–01–P
DEPARTMENT OF THE TREASURY
Internal Revenue Service
Low Income Taxpayer Clinic Grant
Program; Availability of 2014 Grant
Application Package
Internal Revenue Service (IRS),
Treasury.
ACTION: Notice.
AGENCY:
This document contains a
notice that the IRS has made available
the 2016 Grant Application Package
and Guidelines (Publication 3319) for
organizations interested in applying for
SUMMARY:
PO 00000
Frm 00153
Fmt 4703
Sfmt 4703
a Low Income Taxpayer Clinic (LITC)
matching grant for the 2016 grant year,
which runs from January 1, 2016,
through December 31, 2016. The
application period runs through June
15, 2015.
The IRS will award a total of up to
$6,000,000 (unless otherwise provided
by specific Congressional appropriation)
to qualifying organizations, subject to
the limitations of Internal Revenue Code
section 7526. For fiscal year 2015,
Congress appropriated a total of
$10,000,000 in federal funds for LITC
grants. A qualifying organization may
receive a matching grant of up to
$100,000 per year for up to a three-year
project period. Qualifying organizations
that provide representation to low
income taxpayers involved in a tax
controversy with the IRS or educate
individuals for whom English is a
second language (ESL) of their taxpayer
rights and responsibilities under the
Internal Revenue Code are eligible for a
grant. Beginning in grant year 2016, the
LITC Program will award grants only to
qualifying organizations that provide
both services. An LITC must provide
services for free or for no more than a
nominal fee.
Examples of qualifying organizations
include: (1) A clinical program at an
accredited law, business or accounting
school whose students represent low
income taxpayers in tax controversies
with the IRS, and (2) an organization
exempt from tax under I.R.C. § 501(a)
whose employees and volunteers
represent low income taxpayers in tax
controversies with the IRS.
In determining whether to award a
grant, the IRS will consider a variety of
factors, including: (1) The number of
taxpayers who will be assisted by the
organization, including the number of
ESL taxpayers in that geographic area;
(2) the existence of other LITCs assisting
the same population of low income and
ESL taxpayers; (3) the quality of the
program offered by the organization,
including the qualifications of its
administrators and qualified
representatives, and its record, if any, in
providing assistance to low income
taxpayers; and (4) alternative funding
sources available to the organization,
including amounts received from other
grants and contributions, and the
endowment and resources of the
institution sponsoring the organization.
DATES: The IRS is authorized to award
a multi-year grant not to exceed three
years. For an organization not currently
receiving a grant for 2015, or an
organization whose multi-year grant
ends in 2015, the organization must
submit the application electronically at
E:\FR\FM\13MYN1.SGM
13MYN1
]]>Agencies
[Federal Register Volume 80, Number 92 (Wednesday, May 13, 2015)]
[Notices]
[Page 27436]
From the Federal Register Online via the Government Publishing Office [www.gpo.gov]
[FR Doc No: 2015-11572]
[[Page 27436]]
-----------------------------------------------------------------------
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 information with respect to certain
foreign-owned corporations.
DATES: Written comments should be received on or before July 13, 2015
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 Sara Covington at
Internal Revenue Service, Room 6129, 1111 Constitution Avenue NW.,
Washington, DC 20224, or through the Internet at
Sara.L.Covington@irs.gov.
SUPPLEMENTARY INFORMATION:
Title: Information With Respect to Certain Foreign-Owned
Corporations.
OMB Number: 1545-1191.
Regulation Project Number: T.D. 8353.
Abstract: This document contains final Income Tax Regulations
relating to information that must be reported and records that must be
maintained under section 6038A of the Internal Revenue Code. These
regulations are necessary to provide appropriate guidance for affected
reporting corporations and related parties. The regulations affect any
reporting corporation (that is, certain domestic corporations and
foreign corporations) as well as certain related parties of the
reporting corporation.
Current Actions: There is no change to these existing regulations.
Type of Review: Extension of currently approved collection.
Affected Public: Individuals and business or other for-profit
organizations.
Estimated Number of Respondents: 63,000.
Estimated Time per Respondent: 10 hours.
Estimated Total Annual Burden Hours: 630,000.
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: May 6, 2015.
Christie Preston,
IRS Reports Clearance Officer.
[FR Doc. 2015-11572 Filed 5-12-15; 8:45 am]
BILLING CODE 4830-01-P
