Proposed Collection; Comment Request for Form 712, 34961-34962 [2015-15049]
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tkelley on DSK3SPTVN1PROD with NOTICES
Federal Register / Vol. 80, No. 117 / Thursday, June 18, 2015 / Notices
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 excise
tax on greenmail.
DATES: Written comments should be
received on or before August 17, 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 R. Joseph Durbala at Internal
Revenue Service, Room 6129, 1111
Constitution Avenue NW., Washington,
DC 20224, or at (202) 317–5746, or
through the internet at
RJoseph.Durbala@irs.gov.
SUPPLEMENTARY INFORMATION:
Title: Excise Tax Relating to Gain or
Other Income Realized By Any Person
on Receipt of Greenmail.
OMB Number: 1545–1049.
Regulation Project Number: TD 8379
(final); TD 9407 (final).
Form Number: 8725.
Abstract: The regulations provide
rules relating to the manner and method
of reporting and paying the
nondeductible 50 percent excise tax
imposed by section 5881 of the Internal
Revenue Code with respect to the
receipt of greenmail. The reporting
requirements will be used to verify that
the excise tax imposed under section
5881 is properly reported and timely
paid. Form 8725 is used by persons who
receive ‘‘greenmail’’ to compute and pay
the excise tax on greenmail imposed
under Internal Revenue Code section
5881. IRS uses the information to verify
that the correct amount of tax has been
reported.
Current Actions: There is no change to
this existing regulation. However, IRS is
consolidating data reported under 2
different approval numbers (1545–1086
and 1545–1049), to eliminate the
perception of double counting the same
tax requirements.
Type of Review: Revision of a
currently approved collection.
Affected Public: Individuals and
business or other for-profit
organizations.
Estimated Number of Respondents:
12.
Estimated Time per Respondent: 7
hours, 37 minutes.
Estimated Total Annual Burden
Hours: 92.
The following paragraph applies to all
of the collections of information covered
by this notice:
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16:53 Jun 17, 2015
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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 8, 2015.
Christie Preston,
IRS, Reports Clearance Officer.
[FR Doc. 2015–15042 Filed 6–17–15; 8:45 am]
BILLING CODE 4830–01–P
DEPARTMENT OF THE TREASURY
Internal Revenue Service
Proposed Collection; Comment
Request for Form 712
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
712, Life Insurance Statement.
SUMMARY:
PO 00000
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Fmt 4703
Sfmt 4703
34961
Written comments should be
received on or before August 17, 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 form and instructions
should be directed to R. Joseph Durbala
at (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: Life Insurance Statement.
OMB Number: 1545–0022.
Form Number: 712.
Abstract: Form 712 provides
taxpayers and the IRS with information
to determine if insurance on the
decedent’s life is includible in the gross
estate and to determine the value of the
policy for estate and gift tax purposes.
The tax is based on the value of the life
insurance policy.
Current Actions: There are no changes
being made to Form 712 at this time.
Type of Review: Extension of a
currently approved collection.
Affected Public: Businesses or other
for-profit organizations.
Estimated Number of Responses:
60,000.
Estimated Time Per Response: 18 hrs.
40 minutes.
Estimated Total Annual Burden
Hours: 1,120,200.
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
DATES:
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18JNN1
34962
Federal Register / Vol. 80, No. 117 / Thursday, June 18, 2015 / Notices
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 8, 2015.
Christie Preston,
IRS, Reports Clearance Officer.
[FR Doc. 2015–15049 Filed 6–17–15; 8:45 am]
BILLING CODE 4830–01–P
DEPARTMENT OF THE TREASURY
Internal Revenue Service
Agency Information Collection
Activity; Proposed Collection
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
Automatic Consent for Eligible
Educational Institution to Change
Reporting Methods.
DATES: Written comments should be
received on or before August 17, 2015
to be assured of consideration.
ADDRESSES: Direct all written comments
to Christie A. 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 form and instructions
should be directed to Martha R. Brinson,
Internal Revenue Service, Room 6129,
1111 Constitution Avenue NW.,
Washington, DC 20224, or through the
Internet at Martha.R.Brinson@irs.gov.
SUPPLEMENTARY INFORMATION:
Title: Automatic Consent for Eligible
Educational Institution to Change
Reporting Methods.
OMB Number: 1545–1952.
Form Number: Rev. Proc 2005–50.
Abstract: This revenue procedure
prescribes how an eligible educational
tkelley on DSK3SPTVN1PROD with NOTICES
SUMMARY:
VerDate Sep<11>2014
16:53 Jun 17, 2015
Jkt 235001
institution may obtain automatic
consent from the Service to change its
method of reporting under section
6050S of the Code and the Income Tax
Regulations.
Current Actions: There is no change
in the paperwork burden previously
approved by OMB. This form is being
submitted for renewal purposes only.
Type of Review: Extension of a
currently approved collection.
Affected Public: Individuals and
Households, Businesses and other forprofit organizations.
Estimated Number of Respondents:
30.
Estimated Time per Respondent: 10
hours.
Estimated Total Annual Burden
Hours: 300.
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.
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.
REQUEST FOR COMMENTS:
Approved: June 3, 2015.
Christie A. Preston,
IRS Reports Clearance Officer.
[FR Doc. 2015–15062 Filed 6–17–15; 8:45 am]
BILLING CODE 4830–01–P
PO 00000
Frm 00084
Fmt 4703
Sfmt 4703
DEPARTMENT OF THE TREASURY
Internal Revenue Service
Proposed Collection; Comment
Request for Form 5884–C
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
5884–C, Work Opportunity Credit for
Qualified Tax-Exempt Organizations
Hiring Qualified Veterans.
DATES: Written comments should be
received on or before August 17, 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 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: Work Opportunity Credit for
Qualified Tax-Exempt Organizations
Hiring Qualified Veterans.
OMB Number: 1545–2226.
Form Number: Form 5884–C.
Abstract: Form 5884–C, Work
Opportunity Credit for Qualified TaxExempt Organizations Hiring Qualified
Veterans, was developed as a result of
VOW to Hire Heroes Act of 2011, Public
Law 112–56. Section 261 of Public Law
112–56 expanded the Work Opportunity
Credit to tax-exempt organizations that
hire unemployed veterans. The tax
credit is a reduction in payroll taxes
paid by the tax-exempt organization.
Form 5884–C allows a tax-exempt
organization a way to claim the credit
and provides the IRS the information to
process the tax credit.
Current Actions: There is no change
in the paperwork burden previously
approved by OMB. This form is being
submitted for renewal purposes only.
Type of Review: Extension of
currently approved collection.
SUMMARY:
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]]>Agencies
[Federal Register Volume 80, Number 117 (Thursday, June 18, 2015)]
[Notices]
[Pages 34961-34962]
From the Federal Register Online via the Government Publishing Office [www.gpo.gov]
[FR Doc No: 2015-15049]
-----------------------------------------------------------------------
DEPARTMENT OF THE TREASURY
Internal Revenue Service
Proposed Collection; Comment Request for Form 712
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)). Currently, the IRS is soliciting comments concerning
Form 712, Life Insurance Statement.
DATES: Written comments should be received on or before August 17, 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 form and instructions should be directed to R. Joseph
Durbala at (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: Life Insurance Statement.
OMB Number: 1545-0022.
Form Number: 712.
Abstract: Form 712 provides taxpayers and the IRS with information
to determine if insurance on the decedent's life is includible in the
gross estate and to determine the value of the policy for estate and
gift tax purposes. The tax is based on the value of the life insurance
policy.
Current Actions: There are no changes being made to Form 712 at
this time.
Type of Review: Extension of a currently approved collection.
Affected Public: Businesses or other for-profit organizations.
Estimated Number of Responses: 60,000.
Estimated Time Per Response: 18 hrs. 40 minutes.
Estimated Total Annual Burden Hours: 1,120,200.
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
[[Page 34962]]
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 8, 2015.
Christie Preston,
IRS, Reports Clearance Officer.
[FR Doc. 2015-15049 Filed 6-17-15; 8:45 am]
BILLING CODE 4830-01-P
