Proposed Collection; Comment Request for Form 8594, 27216 [2016-10604]
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Federal Register / Vol. 81, No. 87 / Thursday, May 5, 2016 / Notices
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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
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Dated: May 2, 2016.
Otis Simpson,
Acting Director, Taxpayer Advocacy Panel.
[FR Doc. 2016–10617 Filed 5–4–16; 8:45 am]
BILLING CODE 4830–01–P
DEPARTMENT OF THE TREASURY
Internal Revenue Service
Proposed Collection; Comment
Request for Form 8594
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
8594, Asset Acquisition Statement.
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 form and instructions
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: Asset Acquisition Statement.
OMB Number: 1545–1021.
Form Number: 8594.
Abstract: Internal Revenue Code
section 1060 requires reporting to the
IRS by the buyer and seller of the total
consideration paid for assets in an
applicable asset acquisition. The
information required to be reported
includes the amount allocated to
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SUMMARY:
VerDate Sep<11>2014
18:06 May 04, 2016
Jkt 238001
goodwill or going concern value. Form
8594 is used to report this information.
Current Actions: There have been no
changes to the form. However, the
agency has updated its estimated
number of responses. Business burden
is now being reported under 1545–0123,
and individual burden is being reported
under 1545–0074. Burden estimates for
this collection (1545–1021) is for all
other filers (estates, trusts, etc.). This
change results in a decrease in overall
burden hours.
Type of Review: Revision of a
currently approved collection.
Affected Public: Business or other forprofit organizations and individuals.
Estimated Number of Respondents:
1,310.
Estimated Time per Respondent: 16
hrs., 28 minutes.
Estimated Total Annual Burden
Hours: 21,563.
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 26, 2016.
Tuawana Pinkston,
IRS Reports Clearance Officer.
[FR Doc. 2016–10604 Filed 5–4–16; 8:45 am]
BILLING CODE 4830–01–P
PO 00000
Frm 00134
Fmt 4703
Sfmt 4703
DEPARTMENT OF THE TREASURY
Internal Revenue Service
Proposed Collection; Comment
Request for Form 11–C
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
11–C, Occupational Tax and
Registration Return for Wagering.
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 form and instructions
should be directed to Martha R. Brinson,
Internal Revenue Service, Room 6526,
1111 Constitution Avenue NW.,
Washington, DC 20224, or through the
Internet at Martha.R.Brinson@irs.gov.
SUPPLEMENTARY INFORMATION:
Title: Occupational Tax and
Registration Return for Wagering.
OMB Number: 1545–0236.
Form Number: 11–C.
Abstract: Form 11–C is used to
register persons accepting wagers, as
required by Internal Revenue Code
section 4412. The IRS uses this form to
register the respondent, collect the
annual stamp tax imposed by Code
section 4411 and to verify that the tax
on wagers is reported on Form 730,
Monthly Tax Return for Wagers.
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 and individuals.
Estimated Number of Respondents:
11,500.
Estimated Time per Respondent: 7
hours, 4 minutes.
Estimated Total Annual Burden
Hours: 81,190.
The following paragraph applies to all
of the collections of information covered
by this notice:
SUMMARY:
E:\FR\FM\05MYN1.SGM
05MYN1
Agencies
[Federal Register Volume 81, Number 87 (Thursday, May 5, 2016)]
[Notices]
[Page 27216]
From the Federal Register Online via the Government Publishing Office [www.gpo.gov]
[FR Doc No: 2016-10604]
-----------------------------------------------------------------------
DEPARTMENT OF THE TREASURY
Internal Revenue Service
Proposed Collection; Comment Request for Form 8594
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 8594, Asset Acquisition Statement.
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 form and instructions 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: Asset Acquisition Statement.
OMB Number: 1545-1021.
Form Number: 8594.
Abstract: Internal Revenue Code section 1060 requires reporting to
the IRS by the buyer and seller of the total consideration paid for
assets in an applicable asset acquisition. The information required to
be reported includes the amount allocated to goodwill or going concern
value. Form 8594 is used to report this information.
Current Actions: There have been no changes to the form. However,
the agency has updated its estimated number of responses. Business
burden is now being reported under 1545-0123, and individual burden is
being reported under 1545-0074. Burden estimates for this collection
(1545-1021) is for all other filers (estates, trusts, etc.). This
change results in a decrease in overall burden hours.
Type of Review: Revision of a currently approved collection.
Affected Public: Business or other for-profit organizations and
individuals.
Estimated Number of Respondents: 1,310.
Estimated Time per Respondent: 16 hrs., 28 minutes.
Estimated Total Annual Burden Hours: 21,563.
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 26, 2016.
Tuawana Pinkston,
IRS Reports Clearance Officer.
[FR Doc. 2016-10604 Filed 5-4-16; 8:45 am]
BILLING CODE 4830-01-P