Proposed Collection; Comment Request for Quarterly Federal Excise Tax Return, 17089-17090 [2017-06916]

Download as PDF Federal Register / Vol. 82, No. 66 / Friday, April 7, 2017 / Notices collections, as required by the Paperwork Reduction Act of 1995. Currently, the IRS is soliciting comments concerning Definitions Under Subchapter S of the Internal Revenue Code. Written comments should be received on or before June 6, 2017 to be assured of consideration. ADDRESSES: Direct all written comments to Laurie Brimmer, Internal Revenue Service, Room 6526, 1111 Constitution Avenue NW., Washington, DC 20224. Requests for additional information or copies of the regulation should be directed to LaNita Van Dyke, Internal Revenue Service, Room 6526, 1111 Constitution Avenue NW., Washington, DC 20224 or at Lanita.VanDyke@irs.gov. SUPPLEMENTARY INFORMATION: Title: Definitions Under Subchapter S of the Internal Revenue Code. OMB Number: 1545–1462. Notice Number: TD 8696 Definitions Under Subchapter S of the Internal Revenue Code. Abstract: Section 1.1377–1(b)(4) of the regulation provides that an S corporation making a terminating election under Internal Revenue Code section 1377(a)(2) must attach a statement to its timely filed original or amended return required to be filed under Code section 6037(a). The statement must provide information concerning the events that gave rise to the election and declarations of consent from the S corporation shareholders. Current Actions: There is no change to this existing regulation. Type of Review: Extension of OMB approval. Affected Public: Business or other forprofit organizations, and individuals. Estimated Number of Respondents: 4,000. Estimated Time per Respondent: .25 hours. Estimated Total Annual Burden Hours: 1,000. 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 nlaroche on DSK30NT082PROD with NOTICES DATES: VerDate Sep<11>2014 14:52 Apr 06, 2017 Jkt 241001 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: March 26, 2017. Laurie Brimmer, Senior Tax Analyst. [FR Doc. 2017–06923 Filed 4–6–17; 8:45 am] BILLING CODE 4830–01–P DEPARTMENT OF THE TREASURY Internal Revenue Service Proposed Collection; Comment Request for Quarterly Federal Excise Tax Return 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. Currently, the IRS is soliciting comments concerning Form 720, Quarterly Federal Excise Tax Return. DATES: Written comments should be received on or before June 6, 2017 to be assured of consideration. ADDRESSES: Direct all written comments to Laurie Brimmer Internal Revenue Service, Room 6526, 1111 Constitution Avenue NW., Washington, DC 20224. Requests for additional information or copies of the form and instructions 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: SUMMARY: PO 00000 Frm 00101 Fmt 4703 Sfmt 4703 17089 Title: Quarterly Federal Excise Tax Return. OMB Number: 1545–0023. Form Number: 720. Abstract: Form 720 is used to report (1) excise taxes due from retailers and manufacturers on the sale or manufacture of various articles, (2) the tax on facilities and services, (3) environmental taxes, (4) luxury tax, and (5) floor stocks taxes. The information supplied on Form 720 is used by the IRS to determine the correct tax liability. Additionally the data is reported by the IRS to Treasury so that funds may be transferred from the general revenue fund to the appropriate trusts funds. Current Actions: There were changes made to the burden estimates, due to the discontinuation of the Over-the-counter (OTC) voucher. Type of Review: Revision of a currently approved collection. Affected Public: Business or other forprofit organizations, individuals, notfor-profit institutions, farms, and Federal, state, local or tribal governments. Estimated Number of Responses: 401,444. Estimated Time per Respondent: 11 hrs, 9 minutes. Estimated Total Annual Burden Hours: 4,474,785. 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 E:\FR\FM\07APN1.SGM 07APN1 17090 Federal Register / Vol. 82, No. 66 / Friday, April 7, 2017 / Notices technology; and (e) estimates of capital or start-up costs and costs of operation, maintenance, and purchase of services to provide information. Approved: March 29, 2017. Laurie Brimmer, IRS Senior Tax Analyst. [FR Doc. 2017–06916 Filed 4–6–17; 8:45 am] Open Meeting of the Taxpayer Advocacy Panel Joint Committee Internal Revenue Service (IRS), Treasury. AGENCY: Notice of meeting. An open meeting of the Taxpayer Advocacy Panel Joint Committee will be conducted. The Taxpayer Advocacy Panel is soliciting public comments, ideas, and suggestions on improving customer service at the Internal Revenue Service. SUMMARY: The meeting will be held Wednesday, April 26, 2017. DATES: FOR FURTHER INFORMATION CONTACT: Gretchen Swayzer at 1–888–912–1227 or 469–801–0769. Notice is hereby given pursuant to Section 10(a)(2) of the Federal Advisory Committee Act, 5 U.S.C. App. (1988) that an open meeting of the Taxpayer Advocacy Panel Joint Committee will be held Wednesday, April 26, 2017, at 1:00 p.m. Eastern Time via teleconference. The public is invited to make oral comments or submit written statements for consideration. For more information please contact: Gretchen Swayzer at 1– 888–912–1227 or 469–801–0769, TAP Office, 4050 Alpha Rd., Farmers Branch, TX 75244, or contact us at the Web site: http://www.improveirs.org. The agenda will include various committee issues for submission to the IRS and other TAP related topics. Public input is welcomed. SUPPLEMENTARY INFORMATION: nlaroche on DSK30NT082PROD with NOTICES 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. Currently, the IRS is soliciting comments concerning Form 5300, Application for Determination for Employee Benefit Plans. DATES: Written comments should be received on or before June 6, 2017 to be assured of consideration. ADDRESSES: Direct all written comments to Laurie Brimmer, Internal Revenue Service, Room 6526, 1111 Constitution Avenue NW., Washington, DC 20224. Requests for additional information or copies of the forms and instructions 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 LanitaVanDyke@irs.gov. SUPPLEMENTARY INFORMATION: Title: Application for Determination for Employee Benefit Plan (Form 5300). OMB Number: 1545–0197. Form Number: Form 5300. Abstract: Internal Revenue Code sections 401(a) and 501(a) set out requirements for qualification of employee benefit trusts and the tax exempt status of these trusts. Form 5300 is used to request a determination letter from the IRS for the qualification of a defined benefit or a defined contribution plan and the exempt status of any related trust. Current Actions: There are revisions being made to the form at this time. Type of Review: Revision of a currently approved collection. Affected Public: Business or other forprofit organizations and individuals. Estimated Number of Respondents: 85,000. Estimated Time per Respondent: 84.72 hours. Estimated Total Annual Burden Hours: 7,201,200. SUMMARY: Internal Revenue Service Dated: April 3, 2017. Kevin Brown, Acting Director, Taxpayer Advocacy Panel. [FR Doc. 2017–06918 Filed 4–6–17; 8:45 am] BILLING CODE 4830–01–P 14:52 Apr 06, 2017 Proposed Collection; Comment Request for Application for Determination for Employee Benefit Plans Internal Revenue Service (IRS), Treasury. ACTION: Notice and request for comments. DEPARTMENT OF THE TREASURY VerDate Sep<11>2014 Internal Revenue Service AGENCY: BILLING CODE 4830–01–P ACTION: DEPARTMENT OF THE TREASURY Jkt 241001 PO 00000 Frm 00102 Fmt 4703 Sfmt 4703 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: March 27, 2017. Laurie Brimmer, IRS Senior Tax Analyst. [FR Doc. 2017–06919 Filed 4–6–17; 8:45 am] BILLING CODE 4830–01–P DEPARTMENT OF THE TREASURY Internal Revenue Service Proposed Collection; Comment Request for Modified Endowment Contract Correction Program Extension. 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. SUMMARY: E:\FR\FM\07APN1.SGM 07APN1

Agencies

[Federal Register Volume 82, Number 66 (Friday, April 7, 2017)]
[Notices]
[Pages 17089-17090]
From the Federal Register Online via the Government Publishing Office [www.gpo.gov]
[FR Doc No: 2017-06916]


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DEPARTMENT OF THE TREASURY

Internal Revenue Service


Proposed Collection; Comment Request for Quarterly Federal Excise 
Tax Return

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. Currently, the IRS is soliciting 
comments concerning Form 720, Quarterly Federal Excise Tax Return.

DATES: Written comments should be received on or before June 6, 2017 to 
be assured of consideration.

ADDRESSES: Direct all written comments to Laurie Brimmer Internal 
Revenue Service, Room 6526, 1111 Constitution Avenue NW., Washington, 
DC 20224.
    Requests for additional information or copies of the form and 
instructions 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: Quarterly Federal Excise Tax Return.
    OMB Number: 1545-0023.
    Form Number: 720.
    Abstract: Form 720 is used to report (1) excise taxes due from 
retailers and manufacturers on the sale or manufacture of various 
articles, (2) the tax on facilities and services, (3) environmental 
taxes, (4) luxury tax, and (5) floor stocks taxes. The information 
supplied on Form 720 is used by the IRS to determine the correct tax 
liability. Additionally the data is reported by the IRS to Treasury so 
that funds may be transferred from the general revenue fund to the 
appropriate trusts funds.
    Current Actions: There were changes made to the burden estimates, 
due to the discontinuation of the Over-the-counter (OTC) voucher.
    Type of Review: Revision of a currently approved collection.
    Affected Public: Business or other for-profit organizations, 
individuals, not-for-profit institutions, farms, and Federal, state, 
local or tribal governments.
    Estimated Number of Responses: 401,444.
    Estimated Time per Respondent: 11 hrs, 9 minutes.
    Estimated Total Annual Burden Hours: 4,474,785.
    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

[[Page 17090]]

technology; and (e) estimates of capital or start-up costs and costs of 
operation, maintenance, and purchase of services to provide 
information.

    Approved: March 29, 2017.
Laurie Brimmer,
IRS Senior Tax Analyst.
[FR Doc. 2017-06916 Filed 4-6-17; 8:45 am]
 BILLING CODE 4830-01-P