Proposed Collection; Comment Request for Revenue Procedure 2003-37, 66617-66618 [2015-27494]
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Federal Register / Vol. 80, No. 209 / Thursday, October 29, 2015 / Notices
Estimated Number of Respondents:
100.
Estimated Time Per Respondent: 9
hrs., 46 mins.
Estimated Total Annual Burden
Hours: 976.
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: October 19, 2015.
Michael A. Joplin,
IRS Reports Clearance Officer.
[FR Doc. 2015–27491 Filed 10–28–15; 8:45 am]
BILLING CODE 4830–01–P
DEPARTMENT OF THE TREASURY
Internal Revenue Service
Proposed Collection; Comment
Request for Revenue Procedure
Internal Revenue Service (IRS),
Treasury.
ACTION: Notice and request for
comments.
asabaliauskas on DSK5VPTVN1PROD with NOTICES
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
SUMMARY:
VerDate Sep<11>2014
23:37 Oct 28, 2015
Jkt 238001
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 model
amendments and prototype program for
simple IRAS.
DATES: Written comments should be
received on or before December 28, 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 LaNita Van Dyke, Room
6517, 1111 Constitution Avenue NW.,
Washington, DC 20224, or through the
internet at Lanita.VanDyke@irs.gov.
SUPPLEMENTARY INFORMATION:
Title: Model Amendments and
Prototype Program for SIMPLE IRAs.
OMB Number: 1545–1543. Revenue
Procedure Number: 97–29.
Abstract: This revenue procedure (1)
provides a model amendment that may
be used, prior to January 1, 1999, by a
sponsor of a prototype individual
retirement account or annuity (IRA) to
establish a SIMPLE IRA (an IRA
designed to accept contributions under
a SIMPLE IRA Plan described in
§ 408(p)) of the Internal Revenue Code;
(2) provides guidance on obtaining
opinion letters to drafters of prototype
SIMPLE IRAs; (3) provides permissive
amendments to sponsors of nonSIMPLE
IRAs; (4) announces the opening of a
program for prototype SIMPLE IRA
Plans; and (5) provides transitional
relief for users of SIMPLE IRAs and
SIMPLE IRA Plans that have not been
approved by the Internal Revenue
Service.
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 not-for-profit
institutions.
Estimated Number of Respondents:
3,205.
Estimated Total Annual Reporting
Burden hours: 25,870.
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 it displays a valid OMB control
PO 00000
Frm 00130
Fmt 4703
Sfmt 4703
66617
number. Books or records relating to a
collection 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: October 22, 2015.
Michael Joplin,
IRS Reports Clearance Officer.
[FR Doc. 2015–27495 Filed 10–28–15; 8:45 am]
BILLING CODE 4830–01–P
DEPARTMENT OF THE TREASURY
Internal Revenue Service
Proposed Collection; Comment
Request for Revenue Procedure
2003–37
Internal Revenue Service (IRS),
Treasury.
AGENCY:
Notice and request for
comments.
ACTION:
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 2003–37,
Documentation Provisions for Certain
Taxpayers Using the Fair Market Value
Method.
SUMMARY:
E:\FR\FM\29OCN1.SGM
29OCN1
66618
Federal Register / Vol. 80, No. 209 / Thursday, October 29, 2015 / Notices
Written comments should be
received on or before December 28, 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 revenue procedure 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.ov.
SUPPLEMENTARY INFORMATION:
Title: Documentation Provisions for
Certain Taxpayers Using the Fair Market
Value Method of Internet Expense
Apportionment.
OMB Number: 1545–1833.
Revenue Procedure Number: Revenue
Procedure 2003–37.
Abstract: Revenue Procedure 2003–37
describes documentation and
information a taxpayer that uses the fair
market value method of apportionment
of interest expense may prepare and
make available to the Service upon
request in order to establish the fair
market value of the taxpayer’s assets to
the satisfaction of the Commissioner as
required by § 1.861–9T(g)(1)(iii). It also
sets forth the procedures to be followed
in the case of elections to use the fair
market value method.
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.
Estimated Number of Respondents
and/or Recordkeepers: 125.
Estimated Average Time Per
Respondent/Recordkeeper: 5 hours.
Estimated Total Annual Reporting
and/or Recordkeeping Burden: 625
hours.
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
asabaliauskas on DSK5VPTVN1PROD with NOTICES
DATES:
VerDate Sep<11>2014
23:37 Oct 28, 2015
Jkt 238001
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.
Dated: October 22, 2015.
Michael Joplin,
IRS Reports Clearance Officer.
[FR Doc. 2015–27494 Filed 10–28–15; 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)). Currently, the IRS is
soliciting comments concerning an
existing temporary and final regulation,
INTL–21–91 (TD 8656), Section 6662—
Imposition of the Accuracy-Related
Penalty (§ 1.6662–6).
DATES: Written comments should be
received on or before December 28, 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 this regulation should be
directed to LaNita Van Dyke, or at
Internal Revenue Service, Room 6517,
SUMMARY:
PO 00000
Frm 00131
Fmt 4703
Sfmt 4703
1111 Constitution Avenue NW.,
Washington, DC 20224, or through the
internet, at LaNita.VanDyke@irs.gov.
SUPPLEMENTARY INFORMATION:
Title: Section 6662—Imposition of the
Accuracy-Related Penalty.
OMB Number: 1545–1426.
Regulation Project Number: INTL–21–
91 (TD 8656).
Abstract: These regulations provide
guidance on the accuracy-related
penalty imposed on underpayments of
tax caused by substantial and gross
valuation misstatements as defined in
Internal Revenue Code sections 6662(e)
and 6662(h). Under section 1.6662–6(d)
of the regulations, an amount is
excluded from the penalty if certain
requirements are met and a taxpayer
maintains documentation of how a
transfer price was determined for a
transaction subject to Code section 482.
Current Actions: There is no change to
this existing regulation.
Type of Review: Extension of a
currently approved collection.
Affected Public: Business or other forprofit organizations.
Estimated Number of Respondents:
2,500.
Estimated Time per Respondent: 8
hours, 3 minutes.
Estimated Total Annual Burden
Hours: 20,125.
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
E:\FR\FM\29OCN1.SGM
29OCN1
]]>Agencies
[Federal Register Volume 80, Number 209 (Thursday, October 29, 2015)]
[Notices]
[Pages 66617-66618]
From the Federal Register Online via the Government Publishing Office [www.gpo.gov]
[FR Doc No: 2015-27494]
-----------------------------------------------------------------------
DEPARTMENT OF THE TREASURY
Internal Revenue Service
Proposed Collection; Comment Request for Revenue Procedure 2003-
37
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 2003-37, Documentation Provisions for Certain
Taxpayers Using the Fair Market Value Method.
[[Page 66618]]
DATES: Written comments should be received on or before December 28,
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 revenue procedure 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.ov.
SUPPLEMENTARY INFORMATION:
Title: Documentation Provisions for Certain Taxpayers Using the
Fair Market Value Method of Internet Expense Apportionment.
OMB Number: 1545-1833.
Revenue Procedure Number: Revenue Procedure 2003-37.
Abstract: Revenue Procedure 2003-37 describes documentation and
information a taxpayer that uses the fair market value method of
apportionment of interest expense may prepare and make available to the
Service upon request in order to establish the fair market value of the
taxpayer's assets to the satisfaction of the Commissioner as required
by Sec. 1.861-9T(g)(1)(iii). It also sets forth the procedures to be
followed in the case of elections to use the fair market value method.
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.
Estimated Number of Respondents and/or Recordkeepers: 125.
Estimated Average Time Per Respondent/Recordkeeper: 5 hours.
Estimated Total Annual Reporting and/or Recordkeeping Burden: 625
hours.
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.
Dated: October 22, 2015.
Michael Joplin,
IRS Reports Clearance Officer.
[FR Doc. 2015-27494 Filed 10-28-15; 8:45 am]
BILLING CODE 4830-01-P
