Proposed Collection; Comment Request for Regulation Project, 37362 [2015-16060]
Download as PDF
<![CDATA[
37362
Federal Register / Vol. 80, No. 125 / Tuesday, June 30, 2015 / Notices
Issued in Washington, DC, on June 25,
2015 under authority delegated in 49 CFR
part 1.95
Paul A. Hemmersbaugh,
Acting Chief Counsel.
[FR Doc. 2015–16099 Filed 6–29–15; 8:45 am]
BILLING CODE 4910–59–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)).
Currently, the IRS is soliciting
comments concerning information
reporting for qualified tuition and
related expenses, magnetic media filing
requirements for information returns,
information reporting for payments of
interest on qualified education loans,
and magnetic media filing requirements
for information.
DATES: Written comments should be
received on or before August 31, 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 regulations 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: REG–161424–01 (Final),
Information Reporting for Qualified
Tuition and Related Expenses; Magnetic
Media Filing Requirements for
Information Returns, and REG–105316–
98 (Final), Information Reporting for
Payments of Interest on Qualified
Education Loans; Magnetic Media Filing
Requirements for Information.
OMB Number: 1545–1678.
Regulation Project Numbers: REG–
105316–98 and REG–161424–01.
asabaliauskas on DSK5VPTVN1PROD with NOTICES
SUMMARY:
VerDate Sep<11>2014
17:34 Jun 29, 2015
Jkt 235001
Abstract: These regulations relate to
the information reporting requirements
in section 6050S of the Internal Revenue
Code for payments of qualified tuition
and related expenses and interest on
qualified education loans. These
regulations provide guidance to eligible
education institutions, insurers, and
payees required to file information
returns and to furnish information
statements under section 6050S.
Current Actions: There is no change to
this existing regulation.
Type of review: Extension of OMB
approval.
Affected Public: Business or other forprofit organizations, and not-for-profit
institutions.
The burden is reflected in the burdens
for Form 1098–T and Form 1098–E.
Estimated total annual reporting
burden for Form 1098–T: 4,848,090
hours.
Estimated average annual burden
hours per response for Form 1098–T: 13
minutes.
Estimated number of responses for
Form 1098–T: 21,078,651.
Estimated total annual reporting
burden for Form 1098–E: 1,051,357
hours.
Estimated average annual burden
hours per response for Form 1098–E: 7
minutes. Estimated number of responses
for Form 1098–E: 8,761,303.
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
PO 00000
Frm 00144
Fmt 4703
Sfmt 4703
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 22, 2015.
Christie Preston,
IRS Reports Clearance Officer.
[FR Doc. 2015–16060 Filed 6–29–15; 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)).
DATES: Written comments should be
received on or before August 31, 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 regulation 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: Assumptions of Partner
Liabilities.
OMB Number: 1545–1843.
Regulation Project Number: TD 9207
(Final & Temp), REG–106736–00
(NPRM).
Abstract: In order to be entitled to a
deduction with respect to the economic
performance of a contingent liability
that was contributed by a partner and
assumed by a partnership, the partner,
or former partner of the partnership,
must receive notification of economic
performance of the contingent liability
from the partnership or other partner
assuming the liability.
Current Actions: There is no change to
this existing regulation.
SUMMARY:
E:\FR\FM\30JNN1.SGM
30JNN1
]]>Agencies
[Federal Register Volume 80, Number 125 (Tuesday, June 30, 2015)]
[Notices]
[Page 37362]
From the Federal Register Online via the Government Publishing Office [www.gpo.gov]
[FR Doc No: 2015-16060]
=======================================================================
-----------------------------------------------------------------------
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)).
Currently, the IRS is soliciting comments concerning information
reporting for qualified tuition and related expenses, magnetic media
filing requirements for information returns, information reporting for
payments of interest on qualified education loans, and magnetic media
filing requirements for information.
DATES: Written comments should be received on or before August 31, 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 regulations 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: REG-161424-01 (Final), Information Reporting for Qualified
Tuition and Related Expenses; Magnetic Media Filing Requirements for
Information Returns, and REG-105316-98 (Final), Information Reporting
for Payments of Interest on Qualified Education Loans; Magnetic Media
Filing Requirements for Information.
OMB Number: 1545-1678.
Regulation Project Numbers: REG-105316-98 and REG-161424-01.
Abstract: These regulations relate to the information reporting
requirements in section 6050S of the Internal Revenue Code for payments
of qualified tuition and related expenses and interest on qualified
education loans. These regulations provide guidance to eligible
education institutions, insurers, and payees required to file
information returns and to furnish information statements under section
6050S.
Current Actions: There is no change to this existing regulation.
Type of review: Extension of OMB approval.
Affected Public: Business or other for-profit organizations, and
not-for-profit institutions.
The burden is reflected in the burdens for Form 1098-T and Form
1098-E.
Estimated total annual reporting burden for Form 1098-T: 4,848,090
hours.
Estimated average annual burden hours per response for Form 1098-T:
13 minutes.
Estimated number of responses for Form 1098-T: 21,078,651.
Estimated total annual reporting burden for Form 1098-E: 1,051,357
hours.
Estimated average annual burden hours per response for Form 1098-E:
7 minutes. Estimated number of responses for Form 1098-E: 8,761,303.
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 22, 2015.
Christie Preston,
IRS Reports Clearance Officer.
[FR Doc. 2015-16060 Filed 6-29-15; 8:45 am]
BILLING CODE 4830-01-P
