Proposed Collection; Comment Request for Regulation Project, 27195 [2016-10574]
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Federal Register / Vol. 81, No. 87 / Thursday, May 5, 2016 / Notices
Advocacy Panel Special Projects
Committee will be held Tuesday, June 7,
2016, 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
Kim Vinci. 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 a discussion
on various special topics with IRS
processes.
Dated: May 2, 2016.
Otis Simpson,
Acting Director, Taxpayer Advocacy Panel.
[FR Doc. 2016–10618 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 Stock
Transfer Rules: Carryover of Earnings
and Taxes.
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 Kerry Dennis, at Internal
Revenue Service, Room 6526, 1111
Constitution Avenue NW., Washington,
DC 20224, or through the internet, at
Kerry.Dennis@irs.gov.
SUPPLEMENTARY INFORMATION:
Title: Stock Transfer Rules: Carryover
of Earnings and Taxes.
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SUMMARY:
VerDate Sep<11>2014
18:06 May 04, 2016
Jkt 238001
OMB Number: 1545–1711. Regulation
Project Number: REG–116050–99.
Abstract: The final regulations relate
to the carryover of certain tax attributes,
such as earnings and profits and foreign
income tax accounts, when two
corporations combine in a section
367(b) transaction.
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:
600.
Estimated Time per Respondent: 3
hours.
Estimated Total Annual Burden
Hours: 1,800.
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.
Tuawana Pinkston,
IRS Reports Clearance Officer.
[FR Doc. 2016–10574 Filed 5–4–16; 8:45 am]
BILLING CODE 4830–01–P
PO 00000
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27195
DEPARTMENT OF THE TREASURY
Internal Revenue Service
Low Income Taxpayer Clinic Grant
Program; Availability of 2017 Grant
Application Package
Internal Revenue Service (IRS),
Treasury.
ACTION: Notice.
AGENCY:
This document contains a
notice that the IRS has made available
the 2017 Grant Application Package
and Guidelines (Publication 3319) for
organizations interested in applying for
a Low Income Taxpayer Clinic (LITC)
matching grant for the 2017 grant year,
which runs from January 1, 2017,
through December 31, 2017. The
application period runs May 2, 2016,
through June 20, 2016.
The IRS will award a total of up to
$6,000,000 (unless otherwise provided
by specific Congressional appropriation)
to qualifying organizations, subject to
the limitations of Internal Revenue Code
section 7526. For fiscal year 2016,
Congress appropriated a total of
$12,000,000 in federal funds for LITC
grants. See Public Law 114–113. A
qualifying organization may receive a
matching grant of up to $100,000 per
year for up to a three-year project
period. Qualifying organizations that
provide representation to low income
taxpayers involved in a tax controversy
with the IRS and educate individuals for
whom English is a second language
(ESL) about their rights and
responsibilities under the Internal
Revenue Code are eligible for a grant.
An LITC must provide services for free
or for no more than a nominal fee.
Examples of qualifying organizations
include: (1) A clinical program at an
accredited law, business or accounting
school whose students represent low
income taxpayers in tax controversies
with the IRS, and (2) an organization
exempt from tax under IRC § 501(a)
whose employees and volunteers
represent low income taxpayers in tax
controversies with the IRS.
In determining whether to award a
grant, the IRS will consider a variety of
factors, including: (1) The number of
taxpayers who will be assisted by the
organization, including the number of
ESL taxpayers in that geographic area;
(2) the existence of other LITCs assisting
the same population of low income and
ESL taxpayers; (3) the quality of the
program offered by the organization,
including the qualifications of its
administrators and qualified
representatives, and its record, if any, in
providing representation services to low
SUMMARY:
E:\FR\FM\05MYN1.SGM
05MYN1
Agencies
[Federal Register Volume 81, Number 87 (Thursday, May 5, 2016)]
[Notices]
[Page 27195]
From the Federal Register Online via the Government Publishing Office [www.gpo.gov]
[FR Doc No: 2016-10574]
-----------------------------------------------------------------------
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
Stock Transfer Rules: Carryover of Earnings and Taxes.
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 Kerry Dennis, at
Internal Revenue Service, Room 6526, 1111 Constitution Avenue NW.,
Washington, DC 20224, or through the internet, at Kerry.Dennis@irs.gov.
SUPPLEMENTARY INFORMATION:
Title: Stock Transfer Rules: Carryover of Earnings and Taxes.
OMB Number: 1545-1711. Regulation Project Number: REG-116050-99.
Abstract: The final regulations relate to the carryover of certain
tax attributes, such as earnings and profits and foreign income tax
accounts, when two corporations combine in a section 367(b)
transaction.
Current Actions: There is no change to this existing regulation.
Type of Review: Extension of a currently approved collection.
Affected Public: Business or other for-profit organizations.
Estimated Number of Respondents: 600.
Estimated Time per Respondent: 3 hours.
Estimated Total Annual Burden Hours: 1,800.
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.
Tuawana Pinkston,
IRS Reports Clearance Officer.
[FR Doc. 2016-10574 Filed 5-4-16; 8:45 am]
BILLING CODE 4830-01-P