Proposed Collection; Comment Request for Definitions Under Subchapter S of the Internal Revenue Code, 17088-17089 [2017-06923]
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17088
Federal Register / Vol. 82, No. 66 / Friday, April 7, 2017 / Notices
1023–EZ is a simplified version of Form
1023, to be filled by organization who
meets certain criteria.
Current Actions: The PATH Act
presents legislative changes that
amended Form 1023 and caused a
reduction of burden by consolidating
portions of the Form 1023. The changes
on the Form 1023 will decrease burden
hours by 44,954. There are no changes
to Form 1023–EZ.
Type of Review: Revision of a
currently approved collection.
Affected Public: Not-for-profit
institutions.
Estimated Number of Respondents:
80,000.
Estimated Time per Respondents:
58.93 hours.
Estimated Total Annual Burden
Hours: 4,714,236.
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,
Senior Tax Analyst.
[FR Doc. 2017–06926 Filed 4–6–17; 8:45 am]
BILLING CODE 4830–01–P
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DEPARTMENT OF THE TREASURY
Internal Revenue Service
Proposed Collection; Comment
Request for IRS e-file Signature
Authorization for Forms 720, 2290 and
8879.
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 8879–EX,
IRS e-file Signature Authorization for
Forms 720, 2290, and 8849.
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 copies of the form and
instructions should be directed to
LaNita Van Dyke, Internal Revenue
Service, Room 6526, 1111 Constitution
Avenue NW., Washington, DC 20224, or
through the Internet, at
Lanita.VanDyk@irs.gov.
SUMMARY:
SUPPLEMENTARY INFORMATION:
Title: IRS e-file Signature
Authorization for Forms 720, 2290, and
8849.
OMB Number: 1545–2081.
Form Number: 8879–EX.
Abstract: The Form 8879–EX, IRS efile Signature Authorization for Forms
720, 2990, and 8849, will be used in the
Modernized e-File program. Form 8879–
EX authorizes an a taxpayer and an
electronic return originator (ERO) to use
a personal identification number (PIN)
to electronically sign an electronic
excise tax return and, if applicable,
authorize an electronic funds
withdrawal.
Current Actions: There are no changes
being made to the form at this time.
Type of Review: Extension of a
previously approved collection.
Affected Public: Business or other forprofit organizations.
Estimated Number of Respondents:
15,000.
Estimated Time per Respondent: 3
hours, 7 minutes.
PO 00000
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Fmt 4703
Sfmt 4703
Estimated Total Annual Burden
Hours: 46,800.
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,
Senior Tax Analyst.
[FR Doc. 2017–06920 Filed 4–6–17; 8:45 am]
BILLING CODE 4830–01–P
DEPARTMENT OF THE TREASURY
Internal Revenue Service
Proposed Collection; Comment
Request for Definitions Under
Subchapter S of the Internal Revenue
Code
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
SUMMARY:
E:\FR\FM\07APN1.SGM
07APN1
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
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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
]]>Agencies
[Federal Register Volume 82, Number 66 (Friday, April 7, 2017)]
[Notices]
[Pages 17088-17089]
From the Federal Register Online via the Government Publishing Office [www.gpo.gov]
[FR Doc No: 2017-06923]
-----------------------------------------------------------------------
DEPARTMENT OF THE TREASURY
Internal Revenue Service
Proposed Collection; Comment Request for Definitions Under
Subchapter S of the Internal Revenue Code
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
[[Page 17089]]
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.
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
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 for-profit 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 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
