Proposed Collection; Comment Request for Regulation Project, 81242-81243 [2016-27606]
Download as PDF
<![CDATA[
81242
Federal Register / Vol. 81, No. 222 / Thursday, November 17, 2016 / Notices
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 8, 2016.
Tuawana Pinkston,
IRS Reports Clearance Officer.
[FR Doc. 2016–27586 Filed 11–16–16; 8:45 am]
BILLING CODE 4830–01–P
DEPARTMENT OF THE TREASURY
Internal Revenue Service
Proposed Collection; Comment
Request for Form 8855
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
8855, Election To Treat a Qualified
Revocable Trust as Party of an Estate.
DATES: Written comments should be
received on or before January 17, 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 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: Election To Treat a Qualified
Revocable Trust as Party of an Estate.
OMB Number: 1545–1881.
Form Number: 8855.
Abstract: Form 8855 is used to make
a section 645 election that allows a
qualified revocable trust to be treated
asabaliauskas on DSK3SPTVN1PROD with NOTICES
SUMMARY:
VerDate Sep<11>2014
21:24 Nov 16, 2016
Jkt 241001
and taxed (for income tax purposes) as
part of its related estate during the
election period.
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.
Estimated Number of Respondents:
5,000.
Estimated Time per Respondent: 5
hours, 38 minutes.
Estimated Total Annual Burden
Hours: 28,200.
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 8, 2016.
Tuawana Pinkston,
IRS Reports Clearance Officer.
[FR Doc. 2016–27607 Filed 11–16–16; 8:45 am]
BILLING CODE 4830–01–P
PO 00000
Frm 00190
Fmt 4703
Sfmt 4703
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
Arbitrage Restrictions on Tax-Exempt
Bonds.
SUMMARY:
Written comments should be
received on or before January 17, 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 regulations should be directed
to Sara Covington at Internal Revenue
Service, Room 6526, 1111 Constitution
Avenue NW., Washington, DC 20224, or
through the Internet, at
Sara.L.Covington@irs.gov.
SUPPLEMENTARY INFORMATION:
Title: Arbitrage Restrictions and Issue
Price Definition for Tax-Exempt Bonds.
OMB Number: 1545–1347.
Regulation: TD 8476, TD 8718, TD
9777 and REG–138526–14 (NPRM).
Abstract: Section 148 of the Internal
Revenue Code requires issuers of taxexempt bonds to rebate certain arbitrage
profits earned on nonpurpose
investments acquired with the bond
proceeds.
Under section 148(f), interest on a
state or local bond is not tax exempt
unless the issuer of the bond rebates to
the United States arbitrage profits
earned from investing proceeds of the
bond in higher yielding nonpurpose
investments. Form 8038–T is used to
pay the arbitrage rebate to the United
States and to pay penalty in lieu of
rebates. Burden for the form is being
reported under 1545–1219.
Issuers are also required to keep
records of certain interest rate hedges so
that the hedges are taken into account
in determining arbitrage profits. Under
DATES:
E:\FR\FM\17NON1.SGM
17NON1
asabaliauskas on DSK3SPTVN1PROD with NOTICES
Federal Register / Vol. 81, No. 222 / Thursday, November 17, 2016 / Notices
TD 8718, the scope of interest rate
hedging transactions covered by the
arbitrage regulations was broadened by
requiring that hedges entered into prior
to the sale date of the bonds are covered
as well.
The collection of information in the
proposed regulation (REG–138526–14)
is in § 1.148–1(f)(2)(ii) which contains a
requirement that the issuer obtain
certifications and supporting
documentation regarding the
underwriter’s sales of the issuer’s bonds.
Current Actions: There is no change to
the final regulations (TD 8476, TD 8718,
TD 9777), and proposed Regulation
138526–14 to the information collection
request.
Type of Review: Extension of a
currently approved collection.
Affected Public: State, local or tribal
governments.
Estimated Number of Respondents:
15,646
Estimated Number of Responses:
24,010.
Estimated Time per Respondent: 4
hours.
Estimated Total Annual Burden
Hours: 94,326.
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
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.
VerDate Sep<11>2014
21:24 Nov 16, 2016
Jkt 241001
Approved: November 8, 2016.
Tuawana Pinkston,
IRS Supervisory Tax Analyst.
[FR Doc. 2016–27606 Filed 11–16–16; 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, Special
Lien for Estate Taxes Deferred Under
Section 6166 or 6166A.
DATES: Written comments should be
received on or before January 17, 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 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: Special Lien for Estate Taxes
Deferred Under Section 6166 or 6166A.
OMB Number: 1545–0757.
Regulation Project Number: TD 7941.
Abstract: Internal Revenue Code
section 6324A permits the executor of a
decedent’s estate to elect a lien on
section 6166 property in favor of the
United States in lieu of a bond or
personal liability if an election under
section 6166 was made and the executor
files an agreement under section
6324A(c). This regulation clarifies the
procedures for complying with the
statutory requirements.
Current Actions: There is no change to
this existing regulation.
Type of Review: Extension of a
currently approved collection.
SUMMARY:
PO 00000
Frm 00191
Fmt 4703
Sfmt 4703
81243
Affected Public: Individuals or
households, and business or other forprofit organizations.
Estimated Number of Respondents:
34,600.
Estimated Time per Respondent: 15
minutes.
Estimated Total Annual Burden
Hours: 8,650.
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 8, 2016.
Tuawana Pinkston,
IRS Reports Clearance Officer.
[FR Doc. 2016–27608 Filed 11–16–16; 8:45 am]
BILLING CODE 4830–01–P
DEPARTMENT OF THE TREASURY
Internal Revenue Service
Proposed Collection; Comment
Request for Form 8879–EO
Internal Revenue Service (IRS),
Treasury.
ACTION: Notice and request for
comments.
AGENCY:
The Department of the
Treasury, as part of its continuing effort
SUMMARY:
E:\FR\FM\17NON1.SGM
17NON1
]]>Agencies
[Federal Register Volume 81, Number 222 (Thursday, November 17, 2016)]
[Notices]
[Pages 81242-81243]
From the Federal Register Online via the Government Publishing Office [www.gpo.gov]
[FR Doc No: 2016-27606]
-----------------------------------------------------------------------
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
Arbitrage Restrictions on Tax-Exempt Bonds.
DATES: Written comments should be received on or before January 17,
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 regulations should be directed to Sara Covington at Internal
Revenue Service, Room 6526, 1111 Constitution Avenue NW., Washington,
DC 20224, or through the Internet, at Sara.L.Covington@irs.gov.
SUPPLEMENTARY INFORMATION:
Title: Arbitrage Restrictions and Issue Price Definition for Tax-
Exempt Bonds.
OMB Number: 1545-1347.
Regulation: TD 8476, TD 8718, TD 9777 and REG-138526-14 (NPRM).
Abstract: Section 148 of the Internal Revenue Code requires issuers
of tax-exempt bonds to rebate certain arbitrage profits earned on
nonpurpose investments acquired with the bond proceeds.
Under section 148(f), interest on a state or local bond is not tax
exempt unless the issuer of the bond rebates to the United States
arbitrage profits earned from investing proceeds of the bond in higher
yielding nonpurpose investments. Form 8038-T is used to pay the
arbitrage rebate to the United States and to pay penalty in lieu of
rebates. Burden for the form is being reported under 1545-1219.
Issuers are also required to keep records of certain interest rate
hedges so that the hedges are taken into account in determining
arbitrage profits. Under
[[Page 81243]]
TD 8718, the scope of interest rate hedging transactions covered by the
arbitrage regulations was broadened by requiring that hedges entered
into prior to the sale date of the bonds are covered as well.
The collection of information in the proposed regulation (REG-
138526-14) is in Sec. 1.148-1(f)(2)(ii) which contains a requirement
that the issuer obtain certifications and supporting documentation
regarding the underwriter's sales of the issuer's bonds.
Current Actions: There is no change to the final regulations (TD
8476, TD 8718, TD 9777), and proposed Regulation 138526-14 to the
information collection request.
Type of Review: Extension of a currently approved collection.
Affected Public: State, local or tribal governments.
Estimated Number of Respondents: 15,646
Estimated Number of Responses: 24,010.
Estimated Time per Respondent: 4 hours.
Estimated Total Annual Burden Hours: 94,326.
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
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 8, 2016.
Tuawana Pinkston,
IRS Supervisory Tax Analyst.
[FR Doc. 2016-27606 Filed 11-16-16; 8:45 am]
BILLING CODE 4830-01-P
