Proposed Collection; Comment Request for Regulation Project, 31305-31306 [2016-11649]
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sradovich on DSK3TPTVN1PROD with NOTICES
Federal Register / Vol. 81, No. 96 / Wednesday, May 18, 2016 / Notices
Determination for Debt Instruments and
Options;
T.D. 9713—Basis Reporting by
Securities Brokers and Basis
Determination for Debt Instruments and
Options;
T.D. 9750—Basis and Transfer
Reporting by Securities Brokers for Debt
Instruments and Options.
OMB Number: 1545–2186.
Regulation Project Number: REG–
101896–09, REG–102988–11, REG–
154563–12, and REG–143040–14.
Abstract: The final regulations under
section 6045 provide rules on basis
reporting by brokers for transactions
involving covered securities, including
debt instruments and options. The final
regulations under section 6045A
provide reporting rules that apply upon
a transfer of a covered security from one
broker to another broker. These final
regulations under sections 6045 and
6045A reflect changes in the law made
by the Energy Improvement and
Extension Act of 2008, Division B of
Public Law 110–343 (122 Stat. 3765,
3854 (2008)), that require brokers when
reporting the sale of a covered security
to the IRS to include the customer’s
adjusted basis in the sold securities and
to classify any gain or loss as long-term
or short-term. The information collected
for covered securities under § 1.6045–1,
including § 1.6045–1(c)(3)(xi)(C)
(relating to short sales), and § 1.6045A–
1 allows a broker who effects a sale of
a transferred covered security, including
a debt instrument or option, to
determine and report the adjusted basis
of the security and whether any gain or
loss with respect to the sale is ordinary
(for certain debt instruments), longterm, or short-term in compliance with
section 6045(g) of the Internal Revenue
Code. The information collected under
§ 1.6045–1(n)(5) relates to information
required to be reported by the holder of
a debt instrument to a broker for certain
holder elections that affect how the debt
instrument’s basis is computed, which
will enable the broker to comply with
its reporting obligations under section
6045(g).
Current Actions: There are changes to
these existing regulations.
Type of Review: Revision of a
currently approved collection.
Affected Public: Businesses or other
for-profit institutions and individuals or
households.
Estimated Number of Respondents:
79,000.
Estimated Total Annual Responses:
11,211,500.
Estimated Total Burden Hours:
694,750.
VerDate Sep<11>2014
17:10 May 17, 2016
Jkt 238001
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: May 3, 2016.
Tuawana Pinkston,
IRS Supervisory Tax Analyst.
[FR Doc. 2016–11656 Filed 5–17–16; 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
SUMMARY:
PO 00000
Frm 00082
Fmt 4703
Sfmt 4703
31305
soliciting comments concerning source
of income from certain space and ocean
activities; source of communications
income.
DATES: Written comments should be
received on or before July 18, 2016 to be
assured of consideration.
ADDRESSES: Direct all written comments
to Tuawana Pinkston, Internal Revenue
Service, room 6528, 1111 Constitution
Avenue NW., Washington, DC 20224.
FOR FURTHER INFORMATION CONTACT:
Requests for additional information or
copies of the regulation should be
directed to R. Joseph Durbala at Internal
Revenue Service, room 6129, 1111
Constitution Avenue NW., Washington,
DC 20224, or at (202) 317–5746, or
through the internet at
RJoseph.Durbala@irs.gov.
SUPPLEMENTARY INFORMATION:
Title: Source of Income from Certain
Space and Ocean Activities; Source of
Communications Income.
OMB Number: 1545–1718.
Regulation Project Number: TD 9305.
Abstract: TD 9305 contains final
regulations under section 863(d)
governing the source of income from
certain space and ocean activities. The
final regulations primarily affect
persons who derive income from
activities conducted in space, or on or
under water not within the jurisdiction
of a foreign country, possession of the
United States, or the United States (in
international water). The final
regulations also affect persons who
derive income from transmission of
communications.
Current Actions: There is no change to
these existing regulations.
Type of Review: Extension of a
currently approved collection.
Affected Public: Business or other forprofit organizations.
Estimated Number of Respondents/
Recordkeepers: 250.
Estimated Average Time Per
Respondent/Recordkeeper: 5 hours.
Estimated Total Annual Reporting/
Recordkeeping Hours: 1,250.
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
E:\FR\FM\18MYN1.SGM
18MYN1
31306
Federal Register / Vol. 81, No. 96 / Wednesday, May 18, 2016 / Notices
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: May 11, 2016.
R. Joseph Durbala,
IRS Tax Analyst.
[FR Doc. 2016–11649 Filed 5–17–16; 8:45 am]
BILLING CODE 4830–01–P
DEPARTMENT OF THE TREASURY
Internal Revenue Service
Proposed Collection; Comment
Request for Form 8404
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
8404, Interest Charge on DISC-Related
Deferred Tax Liability.
DATES: Written comments should be
received on or before July 18, 2016 to be
assured of consideration.
ADDRESSES: Direct all written comments
to Tuawana Pinkston, Internal Revenue
Service, Room 6528, 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 R. Joseph Durbala,
Internal Revenue Service, Room 6129,
1111 Constitution Avenue NW.,
sradovich on DSK3TPTVN1PROD with NOTICES
SUMMARY:
VerDate Sep<11>2014
17:10 May 17, 2016
Jkt 238001
Washington, DC 20224, or through the
Internet at RJoseph.Durbala@irs.gov.
SUPPLEMENTARY INFORMATION:
Title: Interest Charge on DISC-Related
Deferred Tax Liability.
OMB Number: 1545–0939.
Form Number: 8404.
Abstract: Shareholders of Interest
Charge Domestic International Sales
Corporations (IC–DISCs) use Form 8404
to figure and report an interest charge
on their DISC-related deferred tax
liability. The interest charge is required
by Internal Revenue Code section 995(f).
IRS uses Form 8404 to determine
whether the shareholder has correctly
figured and paid the interest charge on
a timely basis.
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: Businesses or other
for-profit organizations and individuals.
Estimated Number of Responses:
2,000.
Estimated Time per Response: 7 hrs.,
47 min.
Estimated Total Annual Burden
Hours: 15,580.
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.
PO 00000
Frm 00083
Fmt 4703
Sfmt 4703
Approved: May 10, 2016.
R. Joseph Durbala,
Tax Analyst, IRS.
[FR Doc. 2016–11665 Filed 5–17–16; 8:45 am]
BILLING CODE 4830–01–P
DEPARTMENT OF THE TREASURY
Internal Revenue Service
Proposed Collection; Comment
Request for Form 2439
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
2439, Notice to Shareholder of
Undistributed Long-Term Capital Gains.
DATES: Written comments should be
received on or before July 18, 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 R. Joseph Durbala,
at (202) 317–5746, or at Internal
Revenue Service, Room 6129, 1111
Constitution Avenue NW., Washington,
DC 20224, or through the internet, at
RJoseph.Durbala@irs.gov.
SUPPLEMENTARY INFORMATION:
Title: Notice to Shareholder of
Undistributed Long-Term Capital Gains.
OMB Number: 1545–0145.
Form Number: 2439.
Abstract: Form 2439 is used by
regulated investment companies or real
estate investment trusts to show
shareholders the amount of tax paid on
undistributed capital gains under
section 852(b)(3)(D) or 857(b)(3)(D).
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 institutions.
Estimated Number of Respondents:
6,275.
SUMMARY:
E:\FR\FM\18MYN1.SGM
18MYN1
]]>Agencies
[Federal Register Volume 81, Number 96 (Wednesday, May 18, 2016)]
[Notices]
[Pages 31305-31306]
From the Federal Register Online via the Government Publishing Office [www.gpo.gov]
[FR Doc No: 2016-11649]
-----------------------------------------------------------------------
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
source of income from certain space and ocean activities; source of
communications income.
DATES: Written comments should be received on or before July 18, 2016
to be assured of consideration.
ADDRESSES: Direct all written comments to Tuawana Pinkston, Internal
Revenue Service, room 6528, 1111 Constitution Avenue NW., Washington,
DC 20224.
FOR FURTHER INFORMATION CONTACT: Requests for additional information or
copies of the regulation should be directed to R. Joseph Durbala at
Internal Revenue Service, room 6129, 1111 Constitution Avenue NW.,
Washington, DC 20224, or at (202) 317-5746, or through the internet at
RJoseph.Durbala@irs.gov.
SUPPLEMENTARY INFORMATION:
Title: Source of Income from Certain Space and Ocean Activities;
Source of Communications Income.
OMB Number: 1545-1718.
Regulation Project Number: TD 9305.
Abstract: TD 9305 contains final regulations under section 863(d)
governing the source of income from certain space and ocean activities.
The final regulations primarily affect persons who derive income from
activities conducted in space, or on or under water not within the
jurisdiction of a foreign country, possession of the United States, or
the United States (in international water). The final regulations also
affect persons who derive income from transmission of communications.
Current Actions: There is no change to these existing regulations.
Type of Review: Extension of a currently approved collection.
Affected Public: Business or other for-profit organizations.
Estimated Number of Respondents/Recordkeepers: 250.
Estimated Average Time Per Respondent/Recordkeeper: 5 hours.
Estimated Total Annual Reporting/Recordkeeping Hours: 1,250.
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
[[Page 31306]]
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: May 11, 2016.
R. Joseph Durbala,
IRS Tax Analyst.
[FR Doc. 2016-11649 Filed 5-17-16; 8:45 am]
BILLING CODE 4830-01-P
