Proposed Collection; Comment Request for Form 5472., 53919 [2015-22584]
Download as PDF
<![CDATA[
Federal Register / Vol. 80, No. 173 / Tuesday, September 8, 2015 / Notices
DEPARTMENT OF THE TREASURY
Internal Revenue Service
Proposed Collection; Comment
Request for Form 5472.
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
5472, Information Return of a 25%
Foreign-Owned U.S. Corporation or a
Foreign Corporation Engaged in a U.S.
Trade or Business.
DATES: Written comments should be
received on or before October 8, 2015 to
be assured of consideration.
ADDRESSES: Direct all written comments
to Martha Brinson, 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 Kerry Dennis,
Internal Revenue Service, Room 6129,
1111 Constitution Avenue NW.,
Washington, DC 20224 or through the
internet at Kerry.Dennis@irs.gov.
SUPPLEMENTARY INFORMATION:
Title: Information Return of a 25%
Foreign-Owned U.S. Corporation or a
Foreign Corporation Engaged in a U.S.
Trade or Business.
OMB Number: 1545–0805.
Form Number: 5472.
Abstract: Form 5472 is used to report
information about transactions between
a U.S. corporation that is 25% foreign
owned or a foreign corporation that is
engaged in a U.S. trade or business and
related foreign parties. The IRS uses
Form 5472 to determine if inventory or
other costs deducted by the U.S. or
foreign corporation are correct.
Current Actions: There are no changes
being made to the form at this time.
Type of Review: Extension of a
currently approved collection.
Affected Public: Business or other forprofit organizations.
Estimated Number of Responses:
103,784.
Estimated Time per Response: 24 hrs.
31 min.
asabaliauskas on DSK5VPTVN1PROD with NOTICES
SUMMARY:
VerDate Sep<11>2014
17:18 Sep 04, 2015
Jkt 235001
Estimated Total Annual Burden
Hours: 2,544,784.
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: August 19, 2015.
Martha Brinson,
IRS Tax Analyst.
The meeting will be held
October 6, 2015.
DATES:
FOR FURTHER INFORMATION CONTACT:
Donna Powers at 1–888–912–1227 or
(954) 423–7977.
SUPPLEMENTARY INFORMATION: Notice is
hereby given pursuant to section
10(a)(2) of the Federal Advisory
Committee Act, 5 U.S.C. App. (1988)
that an open meeting of the Taxpayer
Advocacy Panel Tax Forms and
Publications Project Committee will be
held Tuesday October 6, 2015 at 1:00
p.m.. Eastern Time via teleconference.
The public is invited to make oral
comments or submit written statements
for consideration. Due to limited
conference lines, notification of intent
to participate must be made with Donna
Powers. For more information please
contact: Donna Powers at 1–888–912–
1227 or (954) 423–7977 or write: TAP
Office, 1000 S. Pine Island Road,
Plantation, FL 33324 or contact us at the
Web site: https://www.improveirs.org.
The committee will be discussing
various issues related to Tax Forms and
Publications and public input is
welcomed.
Dated: September 1, 2015.
Sheila Andrews,
Director, Taxpayer Advocacy Panel.
[FR Doc. 2015–22585 Filed 9–4–15; 8:45 am]
BILLING CODE 4830–01–P
DEPARTMENT OF THE TREASURY
Internal Revenue Service
Open meeting of the Taxpayer
Advocacy Panel Toll-Free Phone Line
Project Committee
Internal Revenue Service (IRS),
Treasury.
ACTION: Notice of meeting.
AGENCY:
[FR Doc. 2015–22584 Filed 9–4–15; 8:45 am]
BILLING CODE 4830–01–P
An open meeting of the
Taxpayer Advocacy Panel Toll-Free
Phone Line Project Committee will be
conducted. The Taxpayer Advocacy
Panel is soliciting public comments,
ideas, and suggestions on improving
customer service at the Internal Revenue
Service.
DATES: The meeting will be held
Wednesday, October 21, 2015.
FOR FURTHER INFORMATION CONTACT:
Linda Rivera at 1–888–912–1227 or
(202) 317–3337.
SUPPLEMENTARY INFORMATION: Notice is
hereby given pursuant to section
10(a)(2) of the Federal Advisory
Committee Act, 5 U.S.C. App. (1988)
that an open meeting of the Taxpayer
Advocacy Panel Toll-Free Phone Line
Project Committee will be held
SUMMARY:
DEPARTMENT OF THE TREASURY
Internal Revenue Service
Open Meeting of the Taxpayer
Advocacy Panel Tax Forms and
Publications Project Committee
Internal Revenue Service (IRS),
Treasury.
ACTION: Notice of meeting.
AGENCY:
An open meeting of the
Taxpayer Advocacy Panel Tax Forms
and Publications Project Committee will
be conducted. The Taxpayer Advocacy
Panel is soliciting public comments,
ideas and suggestions on improving
customer service at the Internal Revenue
Service.
SUMMARY:
PO 00000
Frm 00161
Fmt 4703
Sfmt 4703
53919
E:\FR\FM\08SEN1.SGM
08SEN1
]]>Agencies
[Federal Register Volume 80, Number 173 (Tuesday, September 8, 2015)]
[Notices]
[Page 53919]
From the Federal Register Online via the Government Publishing Office [www.gpo.gov]
[FR Doc No: 2015-22584]
[[Page 53919]]
-----------------------------------------------------------------------
DEPARTMENT OF THE TREASURY
Internal Revenue Service
Proposed Collection; Comment Request for Form 5472.
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 5472, Information Return of a 25% Foreign-Owned U.S. Corporation
or a Foreign Corporation Engaged in a U.S. Trade or Business.
DATES: Written comments should be received on or before October 8, 2015
to be assured of consideration.
ADDRESSES: Direct all written comments to Martha Brinson, 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 Kerry Dennis,
Internal Revenue Service, Room 6129, 1111 Constitution Avenue NW.,
Washington, DC 20224 or through the internet at Kerry.Dennis@irs.gov.
SUPPLEMENTARY INFORMATION:
Title: Information Return of a 25% Foreign-Owned U.S. Corporation
or a Foreign Corporation Engaged in a U.S. Trade or Business.
OMB Number: 1545-0805.
Form Number: 5472.
Abstract: Form 5472 is used to report information about
transactions between a U.S. corporation that is 25% foreign owned or a
foreign corporation that is engaged in a U.S. trade or business and
related foreign parties. The IRS uses Form 5472 to determine if
inventory or other costs deducted by the U.S. or foreign corporation
are correct.
Current Actions: There are no changes being made to the form at
this time.
Type of Review: Extension of a currently approved collection.
Affected Public: Business or other for-profit organizations.
Estimated Number of Responses: 103,784.
Estimated Time per Response: 24 hrs. 31 min.
Estimated Total Annual Burden Hours: 2,544,784.
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: August 19, 2015.
Martha Brinson,
IRS Tax Analyst.
[FR Doc. 2015-22584 Filed 9-4-15; 8:45 am]
BILLING CODE 4830-01-P
