Proposed Collection; Comment Request for Revenue Procedure 2003-33, 44431 [2015-18371]
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Federal Register / Vol. 80, No. 143 / Monday, July 27, 2015 / Notices
Title: Section 6038—Returns Required
with Respect to Controlled Foreign
Partnerships, and Information Reporting
with Respect to Certain Foreign
Partnerships and Certain Foreign
Corporations.
OMB Number: 1545–1617.
Regulation Project Number: REG–
124069–02, REG–118966–97.
Abstract: REG–124069–02: Treasury
Regulation § 1.6038–3 requires certain
United States person who own interests
in controlled foreign partnerships to
annually report information to the IRS
on Form 8865. This regulation amends
the reporting rules under Treasury
Regulation section § 1.6038–e to provide
that a U.S. person must follow the filing
requirements that are specified in the
instructions for Form 8865 when the
U.S. person must file Form 8865 and the
foreign partnership completes and files
Form 1065 or Form 1065–B. REG–
118966–97: Section 6038 requires
certain U.S. persons who own interest
in controlled foreign partnerships or
certain foreign corporations to annually
report information to the IRS. This
regulation provides reporting rules to
identify foreign partnerships and foreign
corporations which are controlled by
U.S. persons.
Current Actions: There are no changes
to these existing regulations.
Type of Review: Extension of a
currently approved collection.
Affected Public: Businesses or other
for-profit institutions and individuals or
households.
Estimated Number of Respondents:
600.
Estimated Total Burden Hours: 500.
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
VerDate Sep<11>2014
18:58 Jul 24, 2015
Jkt 235001
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, 2015.
Christie Preston,
IRS Supervisory Tax Analyst.
[FR Doc. 2015–18363 Filed 7–24–15; 8:45 am]
BILLING CODE 4830–01–P
DEPARTMENT OF THE TREASURY
Internal Revenue Service
Proposed Collection; Comment
Request for Revenue Procedure 2003–
33
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
Revenue Procedure 2003–33, Section
9100 Relief for 338 Elections.
DATES: Written comments should be
received on or before September 25,
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 Allan Hopkins, Room 6129,
1111 Constitution Avenue NW.,
Washington, DC 20224, or through the
Internet at Allan.M.Hopkins@irs.gov.
SUPPLEMENTARY INFORMATION:
Title: Section 9100 Relief for 338
Elections.
OMB Number: 1545–1820.
Revenue Procedure Number: Revenue
Procedure 2003–33.
Abstract: Revenue Procedure 2003–33
provides qualifying taxpayers with an
SUMMARY:
PO 00000
Frm 00109
Fmt 4703
Sfmt 9990
44431
extension of time pursuant to
§ 301.9100–3 of the Procedure and
Administration Regulations to file an
election described in § 338(a) or
§ 338(h)(10) of the Internal Revenue
Code to treat the purchase of the stock
of a corporation as an asset acquisition.
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, and individuals or
households.
Estimated Number of Respondents:
60.
Estimated Average Time per
Respondent: 5 hours.
Estimated Total Annual Reporting
Burden: 300.
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, 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 15, 2015.
Christie Preston,
IRS Reports Clearance Officer.
[FR Doc. 2015–18371 Filed 7–24–15; 8:45 am]
BILLING CODE 4830–01–P
E:\FR\FM\27JYN1.SGM
27JYN1
]]>Agencies
[Federal Register Volume 80, Number 143 (Monday, July 27, 2015)]
[Notices]
[Page 44431]
From the Federal Register Online via the Government Publishing Office [www.gpo.gov]
[FR Doc No: 2015-18371]
-----------------------------------------------------------------------
DEPARTMENT OF THE TREASURY
Internal Revenue Service
Proposed Collection; Comment Request for Revenue Procedure 2003-
33
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
Revenue Procedure 2003-33, Section 9100 Relief for 338 Elections.
DATES: Written comments should be received on or before September 25,
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 Allan Hopkins, Room
6129, 1111 Constitution Avenue NW., Washington, DC 20224, or through
the Internet at Allan.M.Hopkins@irs.gov.
SUPPLEMENTARY INFORMATION:
Title: Section 9100 Relief for 338 Elections.
OMB Number: 1545-1820.
Revenue Procedure Number: Revenue Procedure 2003-33.
Abstract: Revenue Procedure 2003-33 provides qualifying taxpayers
with an extension of time pursuant to Sec. 301.9100-3 of the Procedure
and Administration Regulations to file an election described in Sec.
338(a) or Sec. 338(h)(10) of the Internal Revenue Code to treat the
purchase of the stock of a corporation as an asset acquisition.
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, and
individuals or households.
Estimated Number of Respondents: 60.
Estimated Average Time per Respondent: 5 hours.
Estimated Total Annual Reporting Burden: 300.
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, 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 15, 2015.
Christie Preston,
IRS Reports Clearance Officer.
[FR Doc. 2015-18371 Filed 7-24-15; 8:45 am]
BILLING CODE 4830-01-P
