Extension of Time To File Certain Information Returns; Extension of Comment Period, 68794 [2015-28279]

Download as PDF mstockstill on DSK4VPTVN1PROD with PROPOSALS 68794 Federal Register / Vol. 80, No. 215 / Friday, November 6, 2015 / Proposed Rules determined under § 327.9, until the credits are exhausted. (iv) The amount of credits applied each quarter will not be recalculated as a result of amendments to the quarterly Reports of Condition and Income or the quarterly Reports of Assets and Liabilities of U.S. Branches and Agencies of Foreign Banks pertaining to any quarter in which credits have been applied. (d) Request for Review and Appeals of Assessment CreditsÐ (1) An institution that disagrees with the basis for its assessment credits, or the Corporation’s computation of its assessments credits, under paragraph (c) of this section and seeks to change it must submit a written request for review and any supporting documentation to the FDIC’s Director of the Division of Finance. (2) Timing. Any request for review under this paragraph must: (i) Be submitted within 30 days from (A) The initial notice provided by the FDIC to the insured depository institution under paragraph (c)(6) of this section stating the FDIC’s preliminary estimate of an eligible institution’s assessment credit and the manner in which the assessment credit was calculated; or (B) Any updated notice provided by the FDIC to the insured depository institution under paragraph (c)(6) of this section. (ii) Any requests submitted after the deadline in paragraph (d)(2)(i) of this section will be considered untimely filed and the institution will be subsequently barred from submitting a request for review of its assessment credit. (3) Process of Review. (i) Upon receipt of a request for review, the FDIC would temporarily freeze the amount of the assessment credit being reviewed until a final determination is made by the Corporation. (ii) The FDIC may request, as part of its review, additional information from the insured depository institution involved in the request and any such information must be submitted to the FDIC within 21 days of the FDIC’s request. (iii) The FDIC’s Director of the Division of Finance, or his or her designee, will notify the requesting institution of his or her determination of whether a change is warranted within the latter of the following timeframes: (A) 60 days of receipt by the FDIC of the request for review; or (B) If additional information had been requested from the FDIC, within 60 days VerDate Sep<11>2014 16:42 Nov 05, 2015 Jkt 238001 of receipt of any such additional information. (4) Appeal. If the requesting institution disagrees with the final determination from the Director of the Division of Finance, that institution may appeal its assessment credit determination to the FDIC’s Assessment Appeals Committee within 30 days from the date of the Director’s written determination. Notice of the procedures applicable to an appeal before the Assessment Appeals Committee will be included in the Director’s written determination. (5) Adjustments to Assessment Credits. Once the Director of the Division of Finance, or the Assessment Appeals Committee, as appropriate, has notified the requesting bank of its final determination, then the FDIC will make appropriate adjustments to assessment credit amounts consistent with that determination. Adjustments to an insured depository institution’s assessment credit amounts will not be applied retroactively to reduce or increase the quarterly deposit insurance assessment for a prior assessment period. ■ 4. In § 327.35 revise paragraph (a) to read as follows: § 327.35 Application of credits. (a) Subject to the limitations in paragraph (b) of this section, the amount of an eligible insured depository institution’s one-time credit shall be applied to the maximum extent allowable by law against that institution’s quarterly assessment payment under subpart A of this part, after applying assessment credits awarded under § 327.11(c), until the institution’s credit is exhausted. * * * * * By order of the Board of Directors. Dated at Washington, DC, this 22nd day of October, 2015. Federal Deposit Insurance Corporation. Robert Feldman, Executive Secretary. [FR Doc. 2015–27287 Filed 11–5–15; 8:45 am] BILLING CODE 6714–01–P PO 00000 DEPARTMENT OF THE TREASURY Internal Revenue Service 26 CFR Part 1 [REG–132075–14] RIN 1545–BM49 Extension of Time To File Certain Information Returns; Extension of Comment Period Internal Revenue Service (IRS), Treasury. ACTION: Notice of proposed rulemaking; extension of comment period. AGENCY: This document extends the comment period for a notice of proposed rulemaking (REG–132075–14) that was published in the Federal Register on Thursday, August 13, 2015. The proposed regulations relate to extensions of time to file information returns on forms in the W–2 series (except Form W–2G). DATES: Written or electronic comments and requests for a public hearing for the notice of proposed rulemaking published on August 13, 2015 (80 FR 48472), is extended to January 11, 2016. ADDRESSES: Send submissions to CC:PA:LPD:PR (REG–132075–14), Room 5203, Internal Revenue Service, P.O. Box 7604, Ben Franklin Station, Washington, DC 20044. Submissions may be hand-delivered Monday through Friday between the hours of 8 a.m. and 4 p.m. to CC:PA:LPD:PR (REG–132075– 14), Courier’s Desk, Internal Revenue Service, 1111 Constitution Avenue NW., Washington, DC, or sent electronically, via the Federal eRulemaking Portal at http://www.regulations.gov (indicate IRS and REG–132075–14). FOR FURTHER INFORMATION CONTACT: Jonathan R. Black at (202) 317–6845 (not a toll free number). SUPPLEMENTARY INFORMATION: A notice of proposed rulemaking that appeared in the Federal Register on Thursday, August 13, 2015 (80 FR 48472) announced that written and electronic comments and requests for a public hearing must be received by November 12, 2015. In order to provide the public with a sufficient opportunity to submit comments, the due date to receive electronic comments and requests for a public hearing has been extended to Monday, January 11, 2016. SUMMARY: Martin V. Franks, Chief, Publications and Regulations Branch, Legal Processing Division, Associate Chief Counsel (Procedure and Administration). [FR Doc. 2015–28279 Filed 11–5–15; 8:45 am] BILLING CODE 4830–01–P Frm 00015 Fmt 4702 Sfmt 9990 E:\FR\FM\06NOP1.SGM 06NOP1

Agencies

[Federal Register Volume 80, Number 215 (Friday, November 6, 2015)]
[Proposed Rules]
[Page 68794]
From the Federal Register Online via the Government Publishing Office [www.gpo.gov]
[FR Doc No: 2015-28279]


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DEPARTMENT OF THE TREASURY

Internal Revenue Service

26 CFR Part 1

[REG-132075-14]
RIN 1545-BM49


Extension of Time To File Certain Information Returns; Extension 
of Comment Period

AGENCY: Internal Revenue Service (IRS), Treasury.

ACTION: Notice of proposed rulemaking; extension of comment period.

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SUMMARY: This document extends the comment period for a notice of 
proposed rulemaking (REG-132075-14) that was published in the Federal 
Register on Thursday, August 13, 2015. The proposed regulations relate 
to extensions of time to file information returns on forms in the W-2 
series (except Form W-2G).

DATES: Written or electronic comments and requests for a public hearing 
for the notice of proposed rulemaking published on August 13, 2015 (80 
FR 48472), is extended to January 11, 2016.

ADDRESSES:  Send submissions to CC:PA:LPD:PR (REG-132075-14), Room 
5203, Internal Revenue Service, P.O. Box 7604, Ben Franklin Station, 
Washington, DC 20044. Submissions may be hand-delivered Monday through 
Friday between the hours of 8 a.m. and 4 p.m. to CC:PA:LPD:PR (REG-
132075-14), Courier's Desk, Internal Revenue Service, 1111 Constitution 
Avenue NW., Washington, DC, or sent electronically, via the Federal 
eRulemaking Portal at http://www.regulations.gov (indicate IRS and REG-
132075-14).

FOR FURTHER INFORMATION CONTACT: Jonathan R. Black at (202) 317-6845 
(not a toll free number).

SUPPLEMENTARY INFORMATION: A notice of proposed rulemaking that 
appeared in the Federal Register on Thursday, August 13, 2015 (80 FR 
48472) announced that written and electronic comments and requests for 
a public hearing must be received by November 12, 2015. In order to 
provide the public with a sufficient opportunity to submit comments, 
the due date to receive electronic comments and requests for a public 
hearing has been extended to Monday, January 11, 2016.

Martin V. Franks,
Chief, Publications and Regulations Branch, Legal Processing Division, 
Associate Chief Counsel (Procedure and Administration).
[FR Doc. 2015-28279 Filed 11-5-15; 8:45 am]
 BILLING CODE 4830-01-P