Proposed Collection; Comment Request for Regulation Project, 27193-27194 [2016-10571]
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Federal Register / Vol. 81, No. 87 / Thursday, May 5, 2016 / Notices
Estimated Number of Respondents:
5,000.
Estimated Time per Respondent: 14
hours, 50 minutes.
Estimated Total Annual Burden
Hours: 74,200.
7. Title: Extended Carryback of Losses
to or From a Consolidated Group.
OMB Number: 1545–2171.
Regulations: TD 9490.
Abstract: This document contains
final and temporary regulations under
section 1502 that affect corporations
filing consolidated returns. The
regulations contain rules regarding the
implementation of section 172(b)(1)(H)
within a consolidated group. These
regulations also permit certain acquiring
consolidated groups to elect to waive all
or a portion of the pre-acquisition
carryback period pursuant to section
172(b)(1)(H) for specific losses
attributable to certain acquired
members.
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:
4,000
Estimated Time per Respondent: 0.25
hours
Estimated Total Annual Burden
Hours: 1,000
8. Title: Form 990–PF, Return of
Private Foundation or Section 4947(a)(1)
Nonexempt charitable Trust Treated as
a Private Foundation, and Form 4720,
return of Certain Excise Taxes on
Charities and Other Persons Under
Chapters 41 and 42 of the Internal
revenue Code.
OMB Number: 1545–0052.
Form Number: 990–PF and 4720.
Abstract: Internal Revenue Code
section 6033 requires all private
foundations, including section
4947(a)(1) trusts treated as private
foundations, to file an annual
information return. Section 53.4940–
1(a) of the Income Tax Regulations
requires that the tax on net investment
income be reported on the return filed
under section 6033. Form 990–PF is
used for this purpose. Section 6011
requires a report of taxes under Chapter
42 of the Code for prohibited acts by
private foundations and certain related
parties. Form 4720 is used by
foundations and/or related persons to
report prohibited activities in detail and
pay the tax on them.
Current Actions: There are no changes
being made to the revenue procedure at
this time.
Type of Review: Extension of a
currently approved collection.
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18:06 May 04, 2016
Jkt 238001
Affected Public: Not-for-profit
institutions.
Estimated Number of Respondents:
55,000.
Estimated Time per Respondent: 200
hrs., 58 min.
Estimated Total Annual Reporting
Burden Hours: 11,052,594.
9. Title: Treatment of Shareholders of
Certain Passive Foreign Investment
Companies.
OMB Number: 1545–1507.
Regulation Project Number: INTL–
656–87 (TD 8701).
Abstract: The reporting requirements
affect United States persons that are
direct and indirect shareholders of
passive foreign investment companies
(PFICSs). The requirements enable the
Internal Revenue Service to identify
PFICs, United States shareholders, and
transactions subject to PFIC taxation
and verify income inclusions, excess
distributions, and deferred tax amounts.
Current Actions: There is no change to
this existing regulation.
Type of Review: Extension of a
currently approved collection.
Affected Public: Individuals, business
or other for-profit organizations, and
not-for-profit institutions.
Estimated Number of Respondents:
131,250.
Estimated Time per Respondent: 46
minutes.
Estimated Total Annual Burden
Hours: 100,000.
10. Title: Credit for New Qualified
Alternative Motor Vehicles (Qualified
Fuel Cell Motor Vehicles).
OMB Number: 1545–2028.
Form Number: Notice 2008–33.
Abstract: This Notice will be used to
determine whether the vehicle for
which the credit is claimed under § 30B
by a taxpayer is property that qualifies
for the credit. The collection of
information is required to obtain a
benefit. The likely respondents are
corporations and partnerships.
Current Actions: There is no change
in the paperwork burden previously
approved by OMB.
Type of Review: Extension of a
currently approved collection.
Affected Public: Individuals and
Households, Businesses and other forprofit organizations.
Estimated Number of Respondents: 5.
Estimated Time per Respondent: 40
hours.
Estimated Total Annual Burden
Hours: 200.
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
PO 00000
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27193
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.
Approved: April 28, 2016.
Tuawana Pinkston,
Supervisory Tax Analyst.
[FR Doc. 2016–10587 Filed 5–4–16; 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 general
rules for making and maintaining
qualified electing fund elections.
DATES: Written comments should be
received on or before July 5, 2016 to be
assured of consideration.
ADDRESSES: Direct all written comments
to Tuawana Pinkston, Internal Revenue
Service, Room 6526, 1111 Constitution
Avenue NW., Washington, DC 20224.
FOR FURTHER INFORMATION CONTACT:
Requests for additional information or
copies of the regulation should be
directed to Sara Covington, at Internal
Revenue Service, Room 6526, 1111
Constitution Avenue NW., Washington,
DC 20224, or through the internet at
Sara.L.Covington@irs.gov.
SUPPLEMENTARY INFORMATION:
Title: General Rules for Making and
Maintaining Qualified Electing Fund
Elections.
OMB Number: 1545–1555.
Regulation Project Number: REG–
115795–97.
Abstract: This regulation provides
guidance to a passive foreign investment
company (PFIC) shareholder that makes
the election under Code section 1295 to
SUMMARY:
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05MYN1
mstockstill on DSK3G9T082PROD with NOTICES
27194
Federal Register / Vol. 81, No. 87 / Thursday, May 5, 2016 / Notices
treat the PFIC as a qualified electing
fund (QEF), and for PFIC shareholders
that wish to make a section 1295
election that will apply on a retroactive
basis. Guidance is also provided on
revoking such elections.
Current Actions: There is no change to
this existing regulation.
Type of Review: Extension of a
currently approved collection.
Affected Public: Individuals or
households, business or other for-profit
organization, and not-for-profit
institutions.
Estimated Number of Respondents:
1,290.
Estimated Time per Respondent: 29
minutes.
Estimated Total Annual Burden
Hours: 623.
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: April 28, 2016.
Sara Covington,
IRS Tax Analyst.
BILLING CODE 4830–01–P
18:06 May 04, 2016
Internal Revenue Service
Open Meeting of the Taxpayer
Advocacy Panel Joint Committee
Internal Revenue Service (IRS),
Treasury.
ACTION: Notice of meeting.
AGENCY:
An open meeting of the
Taxpayer Advocacy Panel Joint
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, June 29, 2016.
FOR FURTHER INFORMATION CONTACT: Kim
Vinci at 1–888–912–1227 or 916–974–
5086.
SUMMARY:
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 Joint Committee will be
held Wednesday, June 29, 2016, at 1:00
p.m. Eastern Time via teleconference.
The public is invited to make oral
comments or submit written statements
for consideration. For more information
please contact: Kim Vinci at 1–888–
912–1227 or 916–974–5086, TAP Office,
4330 Watt Ave, Sacramento, CA 95821,
or contact us at the Web site: https://
www.improveirs.org.
The agenda will include various
committee issues for submission to the
IRS and other TAP related topics. Public
input is welcomed.
SUPPLEMENTARY INFORMATION:
Dated: May 2, 2016.
Otis Simpson,
Acting Director, Taxpayer Advocacy Panel.
Jkt 238001
suggestions on improving customer
service at the Internal Revenue Service.
DATES: The meeting will be held
Wednesday, June 8, 2016.
FOR FURTHER INFORMATION CONTACT: Otis
Simpson at 1–888–912–1227 or 202–
317–3332.
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 a meeting of the Taxpayer
Advocacy Panel Taxpayer Assistance
Center Improvements Project Committee
will be held Wednesday, June 8, 2016,
at 2:00 p.m. Eastern Time. 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 Otis
Simpson. For more information please
contact: Otis Simpson at 1–888–912–
1227 or 202–317–3332, TAP Office,
1111 Constitution Avenue NW., Room
1509—National Office, Washington, DC
20224, or contact us at the Web site:
https://www.improveirs.org.
The committee will be discussing
various issues related to the Taxpayer
Assistance Centers and public input is
welcomed.
Dated: May 2, 2016.
Otis Simpson,
Acting Director, Taxpayer Advocacy Panel.
[FR Doc. 2016–10616 Filed 5–4–16; 8:45 am]
BILLING CODE 4830–01–P
DEPARTMENT OF THE TREASURY
Internal Revenue Service
Open Meeting of the Taxpayer
Advocacy Panel Special Projects
Committee
BILLING CODE 4830–01–P
Internal Revenue Service (IRS),
Treasury.
ACTION: Notice of meeting.
DEPARTMENT OF THE TREASURY
SUMMARY:
[FR Doc. 2016–10615 Filed 5–4–16; 8:45 am]
Internal Revenue Service
Open Meeting of the Taxpayer
Advocacy Panel Taxpayer Assistance
Center Improvements Project
Committee
Internal Revenue Service (IRS),
Treasury.
ACTION: Notice of meeting.
AGENCY:
The Taxpayer Advocacy
Panel Taxpayer Assistance Center
Improvements Project Committee will
conduct an open meeting and will
solicit public comments, ideas, and
SUMMARY:
[FR Doc. 2016–10571 Filed 5–4–16; 8:45 am]
VerDate Sep<11>2014
DEPARTMENT OF THE TREASURY
PO 00000
Frm 00112
Fmt 4703
Sfmt 4703
AGENCY:
An open meeting of the
Taxpayer Advocacy Panel Special
Projects 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
Tuesday, June 7, 2016.
FOR FURTHER INFORMATION CONTACT: Kim
Vinci at 1–888–912–1227 or 916–974–
5086.
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 a meeting of the Taxpayer
E:\FR\FM\05MYN1.SGM
05MYN1
Agencies
[Federal Register Volume 81, Number 87 (Thursday, May 5, 2016)]
[Notices]
[Pages 27193-27194]
From the Federal Register Online via the Government Publishing Office [www.gpo.gov]
[FR Doc No: 2016-10571]
-----------------------------------------------------------------------
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
general rules for making and maintaining qualified electing fund
elections.
DATES: Written comments should be received on or before July 5, 2016 to
be assured of consideration.
ADDRESSES: Direct all written comments to Tuawana Pinkston, Internal
Revenue Service, Room 6526, 1111 Constitution Avenue NW., Washington,
DC 20224.
FOR FURTHER INFORMATION CONTACT: Requests for additional information or
copies of the regulation should be directed to Sara Covington, at
Internal Revenue Service, Room 6526, 1111 Constitution Avenue NW.,
Washington, DC 20224, or through the internet at
Sara.L.Covington@irs.gov.
SUPPLEMENTARY INFORMATION:
Title: General Rules for Making and Maintaining Qualified Electing
Fund Elections.
OMB Number: 1545-1555.
Regulation Project Number: REG-115795-97.
Abstract: This regulation provides guidance to a passive foreign
investment company (PFIC) shareholder that makes the election under
Code section 1295 to
[[Page 27194]]
treat the PFIC as a qualified electing fund (QEF), and for PFIC
shareholders that wish to make a section 1295 election that will apply
on a retroactive basis. Guidance is also provided on revoking such
elections.
Current Actions: There is no change to this existing regulation.
Type of Review: Extension of a currently approved collection.
Affected Public: Individuals or households, business or other for-
profit organization, and not-for-profit institutions.
Estimated Number of Respondents: 1,290.
Estimated Time per Respondent: 29 minutes.
Estimated Total Annual Burden Hours: 623.
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: April 28, 2016.
Sara Covington,
IRS Tax Analyst.
[FR Doc. 2016-10571 Filed 5-4-16; 8:45 am]
BILLING CODE 4830-01-P