Proposed Collection; Comment Request for Regulation Project, 45371 [2016-16556]
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Federal Register / Vol. 81, No. 134 / Wednesday, July 13, 2016 / Notices
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: July 8, 2016.
Allan Hopkins,
Tax Analyst.
[FR Doc. 2016–16554 Filed 7–12–16; 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
financial asset securitization investment
trust; real estate mortgage investment
conduits; real estate mortgage
investment conduits.
DATES: Written comments should be
received on or before September 12,
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 regulations should be
directed to Allan Hopkins at Internal
Revenue Service, Room 6129, 1111
Constitution Avenue NW., Washington,
jstallworth on DSK7TPTVN1PROD with NOTICES
SUMMARY:
VerDate Sep<11>2014
15:08 Jul 12, 2016
Jkt 238001
DC 20224, or through the Internet at
Allan.M.Hopkins@irs.gov.
SUPPLEMENTARY INFORMATION:
Title: Financial Asset Securitization
Investment Trusts; Real Estate Mortgage
Investment Conduits.
OMB Number: 1545–1675. Regulation
Project Number: [REG–100276–97;
REG–122450–98]; TD 9004 (final).
Abstract: REG–122450–98 Sections
1.860E–1(c)(4)–(10) of the Treasury
Regulations provide circumstances
under which a transferor of a
noneconomic residual interest in a Real
Estate Mortgage Investment Conduit
(REMIC) meeting the investigation, and
two representation requirements may
avail itself of the safe harbor by
satisfying either the formula test or asset
test. This regulation provides start-up
and transitional rules applicable to
financial asset securitization investment
trust. TD 9004 contains final regulations
relating to safe harbor transfers of
noneconomic residual interests in real
estate mortgage investment conduits
(REMICs). The final regulations provide
additional limitations on the
circumstances under which transferors
may claim safe harbor treatment.
Current Actions: The original NPRM
(REG–100276–97; REG–122450–97)
combined proposed rulemaking
activities for (1) Financial Asset
Securitization Investment Trusts
(FASIT) and (2) Real Estate Mortgage
Investment (REMIC). Only the rules
applicable to REMIC were finalized
under § 1.860E–1 by TD 9004. Public
Law 108–357 later repealed the FASIT
requirements under 26 U.S.C. 860H
through 860L.
Type of Review: Reinstatement of a
previously approved collection.
Affected Public: Business or other forprofit.
Estimated Number of Respondents
and/or Record-Keeping: 470.
Estimated Average Annual Burden
Hours per Respondent and/or Recordkeeping: 1 hour.
Estimated Total Annual Reporting
and/or Record Keeping Burden: 470.
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.
PO 00000
Frm 00098
Fmt 4703
Sfmt 4703
45371
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: July 8, 2016.
Allan Hopkins,
Tax Analyst.
[FR Doc. 2016–16556 Filed 7–12–16; 8:45 am]
BILLING CODE 4830–01–P
DEPARTMENT OF THE TREASURY
Internal Revenue Service
Proposed Collection; Comment
Request for Notice 99–43
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 Notice
99–43, Nonrecognition Exchanges under
Section 897.
DATES: Written comments should be
received on or before September 12,
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 this regulation should be
directed to Allan Hopkins, Internal
SUMMARY:
E:\FR\FM\13JYN1.SGM
13JYN1
]]>Agencies
[Federal Register Volume 81, Number 134 (Wednesday, July 13, 2016)]
[Notices]
[Page 45371]
From the Federal Register Online via the Government Publishing Office [www.gpo.gov]
[FR Doc No: 2016-16556]
-----------------------------------------------------------------------
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
financial asset securitization investment trust; real estate mortgage
investment conduits; real estate mortgage investment conduits.
DATES: Written comments should be received on or before September 12,
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 regulations should be directed to Allan Hopkins at
Internal Revenue Service, Room 6129, 1111 Constitution Avenue NW.,
Washington, DC 20224, or through the Internet at
Allan.M.Hopkins@irs.gov.
SUPPLEMENTARY INFORMATION:
Title: Financial Asset Securitization Investment Trusts; Real
Estate Mortgage Investment Conduits.
OMB Number: 1545-1675. Regulation Project Number: [REG-100276-97;
REG-122450-98]; TD 9004 (final).
Abstract: REG-122450-98 Sections 1.860E-1(c)(4)-(10) of the
Treasury Regulations provide circumstances under which a transferor of
a noneconomic residual interest in a Real Estate Mortgage Investment
Conduit (REMIC) meeting the investigation, and two representation
requirements may avail itself of the safe harbor by satisfying either
the formula test or asset test. This regulation provides start-up and
transitional rules applicable to financial asset securitization
investment trust. TD 9004 contains final regulations relating to safe
harbor transfers of noneconomic residual interests in real estate
mortgage investment conduits (REMICs). The final regulations provide
additional limitations on the circumstances under which transferors may
claim safe harbor treatment.
Current Actions: The original NPRM (REG-100276-97; REG-122450-97)
combined proposed rulemaking activities for (1) Financial Asset
Securitization Investment Trusts (FASIT) and (2) Real Estate Mortgage
Investment (REMIC). Only the rules applicable to REMIC were finalized
under Sec. 1.860E-1 by TD 9004. Public Law 108-357 later repealed the
FASIT requirements under 26 U.S.C. 860H through 860L.
Type of Review: Reinstatement of a previously approved collection.
Affected Public: Business or other for-profit.
Estimated Number of Respondents and/or Record-Keeping: 470.
Estimated Average Annual Burden Hours per Respondent and/or Record-
keeping: 1 hour.
Estimated Total Annual Reporting and/or Record Keeping Burden: 470.
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: July 8, 2016.
Allan Hopkins,
Tax Analyst.
[FR Doc. 2016-16556 Filed 7-12-16; 8:45 am]
BILLING CODE 4830-01-P
