Proposed Collection; Comment Request for Regulation Project, 35580-35581 [2017-16011]

Download as PDF 35580 Federal Register / Vol. 82, No. 145 / Monday, July 31, 2017 / Notices Written comments should be received on or before September 29, 2017 to be assured of consideration. ADDRESSES: Direct all written comments to L. 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 Sara Covington, 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: Acquisition or Abandonment of Secured Property. OMB Number: 1545– 0877. Form Number: 1099–A. Abstract: Form 1099–A is used by persons who lend money in connection with a trade or business, and who acquire an interest in the property that is security for the loan or who have reason to know that the property has been abandoned, to report the acquisition or abandonment. Current Actions: There are no changes being made to the form approved under this collection. However, changes to the estimated number of filers (616,300 to 563,000), will result in a total burden decrease of 8528 (98608 minus 90808). Type of Review: Revision of a current OMB approval. Affected Public: Businesses or other for-profit organizations. Estimated Number of Responses: 563,000. Estimated Time per Response: 9 min. Estimated Total Annual Burden Hours: 90,808. 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; sradovich on DSKBCFCHB2PROD with NOTICES DATES: VerDate Sep<11>2014 17:38 Jul 28, 2017 Jkt 241001 (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. These regulations apply to corporations filing consolidated returns, both during and after the period of affiliation, and also affect purchasers of the stock of members of a consolidated group. The information with respect to § 1.337(d)– 2(c)(1) and (3) is necessary to ensure that loss is not disallowed under § 1.337(d)–2(a) and basis is not reduced under § 1.337(d)–2(b) to the extent the taxpayer establishes that the loss or basis is not attributable to the recognition of built-in gain on the disposition of an asset. The information Approved: July 24, 2017. with respect to § 1.1502–32(b)(4)(vii)(C) L. Brimmer, is necessary to allow the taxpayer to Senior Tax Analyst. amend an election that would benefit [FR Doc. 2017–16009 Filed 7–28–17; 8:45 am] the taxpayer, i.e., to amend its waiver BILLING CODE P under § 1.1502–32(b)(4), so that it may use its acquired subsidiary’s losses. Current Actions: There is no change to DEPARTMENT OF THE TREASURY this existing regulation. Type of Review: Extension of a Internal Revenue Service currently approved collection. Affected Public: Business or other forProposed Collection; Comment profit. Request for Regulation Project Estimated Number of Respondents: 3,850. AGENCY: Internal Revenue Service (IRS), Estimated Time Per Respondent: 2 Treasury. hours. ACTION: Notice and request for Estimated Total Annual Burden comments. Hours: 7,700. The following paragraph applies to all SUMMARY: The Internal Revenue Service, of the collections of information covered as part of its continuing effort to reduce by this notice. paperwork and respondent burden, An agency may not conduct or invites the general public and other sponsor, and a person is not required to Federal agencies to take this respond to, a collection of information opportunity to comment on continuing unless the collection of information information collections, as required by displays a valid OMB control number. the Paperwork Reduction Act of 1995. Books or records relating to a collection The IRS is soliciting comments of information must be retained as long concerning extensions of time to elect as their contents may become material method for determining allowable loss. in the administration of any internal DATES: Written comments should be revenue law. Generally, tax returns and received on or before September 29, tax return information are confidential, 2017 to be assured of consideration. as required by 26 U.S.C. 6103. ADDRESSES: Direct all written comments REQUEST FOR COMMENTS: Comments to L. Brimmer, Internal Revenue submitted in response to this notice will Service, Room 6529, 1111 Constitution be summarized and/or included in the Avenue NW., Washington, DC 20224. request for OMB approval. All Requests for additional information or comments will become a matter of copies of the regulations should be public record. Comments are invited on: directed to Kerry Dennis, Internal (a) Whether the collection of Revenue Service, Room 6529, 1111 information is necessary for the proper Constitution Avenue NW., Washington performance of the functions of the DC 20224, or through the internet, at agency, including whether the Kerry.Dennis@irs.gov. information shall have practical utility; (b) the accuracy of the agency’s estimate SUPPLEMENTARY INFORMATION: of the burden of the collection of Title: Extensions of Time to Elect information; (c) ways to enhance the Method for Determining Allowable quality, utility, and clarity of the Loss. information to be collected; (d) ways to OMB Number: 1545–1774. Regulation Project Number: T.D. 9187. minimize the burden of the collection of information on respondents, including Abstract: Regulations under sections 337(d) and 1502 of the Internal Revenue through the use of automated collection techniques or other forms of information Code (Code) disallow certain losses technology; and (e) estimates of capital recognized on sales of subsidiary stock or start-up costs and costs of operation, by members of a consolidated group. PO 00000 Frm 00074 Fmt 4703 Sfmt 4703 E:\FR\FM\31JYN1.SGM 31JYN1 Federal Register / Vol. 82, No. 145 / Monday, July 31, 2017 / Notices maintenance, and purchase of services to provide information. DEPARTMENT OF VETERANS AFFAIRS Approved: July 20, 2017. L. Brimmer, Senior Tax Analyst. Advisory Committee Charter Renewals Department of Veterans Affairs. Notice of Advisory Committee Charter Renewals. AGENCY: ACTION: [FR Doc. 2017–16011 Filed 7–28–17; 8:45 am] BILLING CODE P In accordance with the provisions of the Federal Advisory Committee ACT (FACA) and after consultation with the General Services Administration, the Secretary of Veterans Affairs has determined that the following Federal advisory committee is vital to the mission of the Department of Veterans Affairs (VA) and renewing its charter would be in the public interest. Consequently, the charter for the following Federal advisory committee is renewed for a two-year period, beginning on the dates listed below: Charter renewed on Committee name Committee description National Research Advisory Council ........ Provides advice to the Secretary on research and development sponsored and/or conducted by the Veterans Health Administration, to include policies and programs of the Office, Research and Development. The Secretary has also renewed the charter for the following statutorily authorized Federal advisory committee Charter renewed on Committee description Special Medical Advisory Group .............. Provides advice to the Secretary and the Under Secretary for Health on matters relating to the care and treatment of Veterans and other matters pertinent to the operations of the Veterans Health Administration, such as research, education, training of health manpower, and VA/DOD contingency planning. Date: July 26, 2017. Jelessa M. Burney, Federal Advisory Committee Management Officer. [FR Doc. 2017–16066 Filed 7–28–17; 8:45 am] sradovich on DSKBCFCHB2PROD with NOTICES BILLING CODE 8320–01–P VerDate Sep<11>2014 17:38 Jul 28, 2017 Jkt 241001 May 24, 2017. for a two-year period, beginning on the date listed below: Committee name For further information contact Jeffrey Moragne, Committee Management Office, Department of Veterans Affairs, Advisory Committee Management Office (00AC), 810 Vermont Avenue NW., Washington, DC 20420; telephone (202) 266–4660; or email at Jeffrey.Moragne@va.gov. To view a copy of a VA Federal advisory committee charter, visit http://www.va.gov/ advisory. 35581 DEPARTMENT OF VETERANS AFFAIRS Notice of Establishment of the Creating Options for Veterans’ Expedited Recovery Commission (COVER Commission) The Department of Veterans Affairs (VA) hereby gives notice, under the Federal Advisory Committee Act of the establishment of the Creating Options for Veterans’ Expedited Recovery Commission (‘‘COVER Commission’’), authorized by section 931 of the Comprehensive Addiction and Recover Act of 2016 (CARA). The COVER Commission will examine the evidence-based therapy treatment model used by the Secretary of Veterans Affairs for treating mental health conditions of veterans and the potential benefits of incorporating complementary and integrative health treatments available in non-Department facilities. PO 00000 Frm 00075 Fmt 4703 Sfmt 9990 June 12, 2017. The COVER Commission members will be comprised of 10 voting members who are appointed by the President and Congressional leadership for the life of the COVER Commission in accordance with section 931(c) of CARA. Any member of the public seeking additional information should contact Alfred Ozanian, Assistant Deputy Director, Mental Health Operations (10NC5), Veterans Health Administration, Department of Veterans Affairs, 810 Vermont Avenue NW., Washington, DC or email at Alfred.Ozanian2@va.gov or phone at 202–461–5936. Dated: July 25, 2017. LaTonya L. Small, Federal Advisory Committee Management Officer. [FR Doc. 2017–15998 Filed 7–28–17; 8:45 am] BILLING CODE P E:\FR\FM\31JYN1.SGM 31JYN1

Agencies

[Federal Register Volume 82, Number 145 (Monday, July 31, 2017)]
[Notices]
[Pages 35580-35581]
From the Federal Register Online via the Government Publishing Office [www.gpo.gov]
[FR Doc No: 2017-16011]


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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.

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SUMMARY: The Internal Revenue Service, 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 
continuing information collections, as required by the Paperwork 
Reduction Act of 1995. The IRS is soliciting comments concerning 
extensions of time to elect method for determining allowable loss.

DATES: Written comments should be received on or before September 29, 
2017 to be assured of consideration.

ADDRESSES: Direct all written comments to L. Brimmer, Internal Revenue 
Service, Room 6529, 1111 Constitution Avenue NW., Washington, DC 20224. 
Requests for additional information or copies of the regulations should 
be directed to Kerry Dennis, Internal Revenue Service, Room 6529, 1111 
Constitution Avenue NW., Washington DC 20224, or through the internet, 
at Kerry.Dennis@irs.gov.

SUPPLEMENTARY INFORMATION: 
    Title: Extensions of Time to Elect Method for Determining Allowable 
Loss.
    OMB Number: 1545-1774.
    Regulation Project Number: T.D. 9187.
    Abstract: Regulations under sections 337(d) and 1502 of the 
Internal Revenue Code (Code) disallow certain losses recognized on 
sales of subsidiary stock by members of a consolidated group. These 
regulations apply to corporations filing consolidated returns, both 
during and after the period of affiliation, and also affect purchasers 
of the stock of members of a consolidated group. The information with 
respect to Sec.  1.337(d)-2(c)(1) and (3) is necessary to ensure that 
loss is not disallowed under Sec.  1.337(d)-2(a) and basis is not 
reduced under Sec.  1.337(d)-2(b) to the extent the taxpayer 
establishes that the loss or basis is not attributable to the 
recognition of built-in gain on the disposition of an asset. The 
information with respect to Sec.  1.1502-32(b)(4)(vii)(C) is necessary 
to allow the taxpayer to amend an election that would benefit the 
taxpayer, i.e., to amend its waiver under Sec.  1.1502-32(b)(4), so 
that it may use its acquired subsidiary's losses.
    Current Actions: There is no change to this existing regulation.
    Type of Review: Extension of a currently approved collection.
    Affected Public: Business or other for-profit.
    Estimated Number of Respondents: 3,850.
    Estimated Time Per Respondent: 2 hours.
    Estimated Total Annual Burden Hours: 7,700.
    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,

[[Page 35581]]

maintenance, and purchase of services to provide information.

    Approved: July 20, 2017.
L. Brimmer,
Senior Tax Analyst.
[FR Doc. 2017-16011 Filed 7-28-17; 8:45 am]
BILLING CODE P