Proposed Collection; Revised: Comment Request for Regulation Project, 47604 [2017-22079]
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47604
Federal Register / Vol. 82, No. 196 / Thursday, October 12, 2017 / Notices
Dated: May 16, 2017.
Andrea Gacki,
Acting Director, Office of Foreign Assets
Control.
DEPARTMENT OF THE TREASURY
Office of Foreign Assets Control
Sanctions Actions Pursuant to
Executive Order 13581
Office of Foreign Assets
Control, Treasury.
AGENCY:
ACTION:
Notice.
The U.S. Department of the
Treasury’s Office of Foreign Assets
Control (OFAC) is publishing the name
of a person whose property and interests
in property have been unblocked
pursuant to Executive Order 13581 of
July 24, 2011, ‘‘Blocking Property of
Transnational Criminal Organizations.’’
SUMMARY:
OFAC’s actions described in this
notice were effective on May 16, 2017.
DATES:
The
Department of the Treasury’s Office of
Foreign Assets Control: Assistant
Director for Licensing, tel.: 202–622–
2480, Assistant Director for Regulatory
Affairs, tel.: 202–622–4855, Assistant
Director for Sanctions Compliance &
Evaluation, tel.: 202–622–2490; or the
Department of the Treasury’s Office of
the Chief Counsel (Foreign Assets
Control), Office of the General Counsel,
tel.: 202–622–2410.
FOR FURTHER INFORMATION CONTACT:
SUPPLEMENTARY INFORMATION:
Electronic Availability
The list of Specially Designated
Nationals and Blocked Persons (SDN
List) and additional information
concerning OFAC sanctions programs
are available from OFAC’s Web site at
https://www.treasury.gov/ofac.
Notice of OFAC Actions
On May 16, 2017, OFAC removed
from the SDN List the person listed
below, whose property and interests in
property were blocked pursuant to
Executive Order 13581.
asabaliauskas on DSKBBXCHB2PROD with NOTICES
Individual
1. FERRARI, Raffaella, Parkshot
House, 5 Kew Road, Richmond, Surrey
TW9 2PR, United Kingdom; Kingston
upon Thames, United Kingdom; 69
Buchanan Street, Glasgow, Scotland G1
3HL, United Kingdom; DOB 01 Nov
1972 to 30 Nov 1972; nationality Italy
(individual) [TCO] (Linked To: PACNET
SERVICES LTD.; Linked To: CHEXX
ITALIA SRL; Linked To: THE
PAYMENTS FACTORY LTD.; Linked
To: COUNTING HOUSE SERVICES
LTD.; Linked To: PACNET GROUP).
VerDate Sep<11>2014
22:35 Oct 11, 2017
Jkt 244001
desires the election to apply. This
section also provides that the holder
should attach to the return a statement
that the holder is making the election
under this section. We estimate 5,000
Editorial note: This document was received
taxpayers will be affected by this
for publication by the Office of the Federal
requirement and that it will take
Register on October 6, 2017.
approximately 0.5 hours to prepare this
[FR Doc. 2017–22095 Filed 10–11–17; 8:45 am]
statement. The burden for the
BILLING CODE 4810–AL–P
requirement is approximately 2,500
hours.
DEPARTMENT OF THE TREASURY
Type of Review: Revision of a
currently approved collection.
Internal Revenue Service
Affected Public: Businesses or other
for-profit organizations and individuals.
Proposed Collection; Revised:
Comment Request for Regulation
Estimated Number of Respondents:
Project
5,000.
Estimated Time per Respondent: 0.5
AGENCY: Internal Revenue Service (IRS),
hours
Treasury.
ACTION: Notice and request for
Estimated Total Annual Burden
comments.
Hours: 2,500.
The following paragraph applies to all
SUMMARY: The Internal Revenue Service
of the collections of information covered
(IRS), as part of its continuing effort to
by this notice:
reduce paperwork and respondent
burden, invites the general public and
An agency may not conduct or
other Federal agencies to take this
sponsor, and a person is not required to
opportunity to comment on information respond to, a collection of information
collections, as required by the
unless the collection of information
Paperwork Reduction Act of 1995. The
displays a valid OMB control number.
IRS is soliciting comments concerning
Books or records relating to a collection
amortizable bond premium.
of information must be retained as long
as their contents may become material
DATES: Written comments should be
received on or before December 11, 2017 in the administration of any internal
revenue law. Generally, tax returns and
to be assured of consideration.
tax return information are confidential,
ADDRESSES: Direct all written comments
as required by 26 U.S.C. 6103.
to L. Brimmer, Internal Revenue
Service, Room 6526, 1111 Constitution
Request for Comments: Comments
Avenue NW., Washington, DC 20224.
submitted in response to this notice will
Requests for additional information or
be summarized and/or included in the
copies of the regulations should be
request for OMB approval. All
directed to Martha R. Brinson, Internal
comments will become a matter of
Revenue Service, Room 6526, 1111
public record. Comments are invited on:
Constitution Avenue NW., Washington, (a) Whether the collection of
DC 20224, or through the Internet at
information is necessary for the proper
Martha.R.Brinson@irs.gov.
performance of the functions of the
agency, including whether the
SUPPLEMENTARY INFORMATION:
Title: Amortizable Bond Premium.
information shall have practical utility;
OMB Number: 1545–1491.
(b) the accuracy of the agency’s estimate
Regulation Project Number: T.D. 8746. of the burden of the collection of
Abstract: This regulation addresses
information; (c) ways to enhance the
the tax treatment of bond premium. The quality, utility, and clarity of the
regulation provides that a holder may
information to be collected; (d) ways to
make an election to amortize bond
minimize the burden of the collection of
premium on a taxable bond by offsetting information on respondents, including
interest income with bond premium,
through the use of automated collection
and the holder must attach a statement
techniques or other forms of information
to their tax return providing certain
technology; and (e) estimates of capital
information. The information requested or start-up costs and costs of operation,
is necessary for the IRS to determine
maintenance, and purchase of services
whether a holder has elected to amortize to provide information.
bond premium.
Approved: October 3, 2017.
Current Actions: Under § 1.171–
L. Brimmer,
4(a)(1), a holder makes the election to
Senior Tax Analyst.
amortize bond premium in the holder’s
[FR Doc. 2017–22079 Filed 10–11–17; 8:45 am]
timely filed income tax return for the
first taxable year to which the holder
BILLING CODE 4830–01–P
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]]>Agencies
[Federal Register Volume 82, Number 196 (Thursday, October 12, 2017)]
[Notices]
[Page 47604]
From the Federal Register Online via the Government Publishing Office [www.gpo.gov]
[FR Doc No: 2017-22079]
-----------------------------------------------------------------------
DEPARTMENT OF THE TREASURY
Internal Revenue Service
Proposed Collection; Revised: Comment Request for Regulation
Project
AGENCY: Internal Revenue Service (IRS), Treasury.
ACTION: Notice and request for comments.
-----------------------------------------------------------------------
SUMMARY: The Internal Revenue Service (IRS), 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 information collections, as required by the Paperwork Reduction Act
of 1995. The IRS is soliciting comments concerning amortizable bond
premium.
DATES: Written comments should be received on or before December 11,
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 regulations should
be directed to Martha R. Brinson, Internal Revenue Service, Room 6526,
1111 Constitution Avenue NW., Washington, DC 20224, or through the
Internet at Martha.R.Brinson@irs.gov.
SUPPLEMENTARY INFORMATION:
Title: Amortizable Bond Premium.
OMB Number: 1545-1491.
Regulation Project Number: T.D. 8746.
Abstract: This regulation addresses the tax treatment of bond
premium. The regulation provides that a holder may make an election to
amortize bond premium on a taxable bond by offsetting interest income
with bond premium, and the holder must attach a statement to their tax
return providing certain information. The information requested is
necessary for the IRS to determine whether a holder has elected to
amortize bond premium.
Current Actions: Under Sec. 1.171-4(a)(1), a holder makes the
election to amortize bond premium in the holder's timely filed income
tax return for the first taxable year to which the holder desires the
election to apply. This section also provides that the holder should
attach to the return a statement that the holder is making the election
under this section. We estimate 5,000 taxpayers will be affected by
this requirement and that it will take approximately 0.5 hours to
prepare this statement. The burden for the requirement is approximately
2,500 hours.
Type of Review: Revision of a currently approved collection.
Affected Public: Businesses or other for-profit organizations and
individuals.
Estimated Number of Respondents: 5,000.
Estimated Time per Respondent: 0.5 hours
Estimated Total Annual Burden Hours: 2,500.
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: October 3, 2017.
L. Brimmer,
Senior Tax Analyst.
[FR Doc. 2017-22079 Filed 10-11-17; 8:45 am]
BILLING CODE 4830-01-P
