Proposed Collection; Comment Request for Regulation Project, 79098 [2016-27113]
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79098
Federal Register / Vol. 81, No. 218 / Thursday, November 10, 2016 / Notices
sheet is an effective tool ensuring that
critical taxpayer information is obtained
and applied during the interview
process.
Current Actions: There are no changes
being made to these forms at this time,
however, the agency has updated its
most recent number of respondent
estimates and updated the collection to
include all 11 language translations.
Type of Review: Revision of a
currently approved collection.
Affected Public: Individuals or
households, Business or other for-profit
organizations, and not-for-profit
institutions, and Federal Government.
Estimated Number of Responses:
3,700,000.
Estimated Time per Response: 17 min.
Estimated Total Annual Burden
Hours: 616,803.
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: November 1, 2016.
Tuawana Pinkston,
IRS Reports Clearance Officer.
[FR Doc. 2016–27099 Filed 11–9–16; 8:45 am]
BILLING CODE 4830–01–P
VerDate Sep<11>2014
19:43 Nov 09, 2016
Jkt 241001
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 capitalization of
certain policy acquisition expenses.
DATES: Written comments should be
received on or before January 9, 2017 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 LaNita Van Dyke at Internal
Revenue Service, Room 6526, 1111
Constitution Avenue NW., Washington,
DC 20224, or through the internet at
Lanita.VanDyke@irs.gov.
SUPPLEMENTARY INFORMATION:
Title: Capitalization of Certain Policy
Acquisition Expenses.
OMB Number: 1545–1287.
Regulation Project Number: FI–3–91
(TD 8456).
Abstract: Internal Revenue Code
section 848 provides that insurance
companies’ must capitalize ‘‘specified
policy acquisition expenses. In lieu of
identifying the categories of expenses
that must be capitalized, section 848
requires that a company capitalize an
amount of otherwise deductible
expenses equal to specified percentages
of net premiums with respect to certain
types of insurance contracts. Insurance
companies that enter into reinsurance
agreements must determine the amounts
to be capitalized under those
agreements consistently. This regulation
provides elections to permit the parties
to a reinsurance agreement to shift the
burden of capitalization for their mutual
benefit.
Current Actions: There is no change to
these existing regulation.
Type of Review: Extension of a
currently approved collection.
SUMMARY:
PO 00000
Frm 00132
Fmt 4703
Sfmt 4703
Affected Public: Business or other forprofit organizations.
Estimated Number of Respondents:
2,070.
Estimated Time per Respondent: 1 hr.
Estimated Total Annual Burden
Hours: 2,070.
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
toprovide information.
Approved: November 1, 2016.
Tuawana Pinkston,
Supervisory Tax Analyst.
[FR Doc. 2016–27113 Filed 11–9–16; 8:45 am]
BILLING CODE 4830–01–P
DEPARTMENT OF THE TREASURY
Internal Revenue Service
Quarterly Publication of Individuals,
Who Have Chosen To Expatriate, as
Required by Section 6039G
Internal Revenue Service (IRS),
Treasury.
ACTION: Notice.
AGENCY:
This notice is provided in
accordance with IRC section 6039G of
the Health Insurance Portability and
Accountability Act (HIPPA) of 1996, as
SUMMARY:
E:\FR\FM\10NON1.SGM
10NON1
]]>Agencies
[Federal Register Volume 81, Number 218 (Thursday, November 10, 2016)]
[Notices]
[Page 79098]
From the Federal Register Online via the Government Publishing Office [www.gpo.gov]
[FR Doc No: 2016-27113]
-----------------------------------------------------------------------
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
capitalization of certain policy acquisition expenses.
DATES: Written comments should be received on or before January 9, 2017
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 LaNita Van Dyke at
Internal Revenue Service, Room 6526, 1111 Constitution Avenue NW.,
Washington, DC 20224, or through the internet at
Lanita.VanDyke@irs.gov.
SUPPLEMENTARY INFORMATION:
Title: Capitalization of Certain Policy Acquisition Expenses.
OMB Number: 1545-1287.
Regulation Project Number: FI-3-91 (TD 8456).
Abstract: Internal Revenue Code section 848 provides that insurance
companies' must capitalize ``specified policy acquisition expenses. In
lieu of identifying the categories of expenses that must be
capitalized, section 848 requires that a company capitalize an amount
of otherwise deductible expenses equal to specified percentages of net
premiums with respect to certain types of insurance contracts.
Insurance companies that enter into reinsurance agreements must
determine the amounts to be capitalized under those agreements
consistently. This regulation provides elections to permit the parties
to a reinsurance agreement to shift the burden of capitalization for
their mutual benefit.
Current Actions: There is no change to these existing regulation.
Type of Review: Extension of a currently approved collection.
Affected Public: Business or other for-profit organizations.
Estimated Number of Respondents: 2,070.
Estimated Time per Respondent: 1 hr.
Estimated Total Annual Burden Hours: 2,070.
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 toprovide information.
Approved: November 1, 2016.
Tuawana Pinkston,
Supervisory Tax Analyst.
[FR Doc. 2016-27113 Filed 11-9-16; 8:45 am]
BILLING CODE 4830-01-P
