Proposed Collection; Comment Request for Regulation Project, 55715 [2017-25221]
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Federal Register / Vol. 82, No. 224 / Wednesday, November 22, 2017 / Notices
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 13, 2017.
L. Brimmer,
Senior Tax Analyst.
[FR Doc. 2017–25300 Filed 11–21–17; 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.
asabaliauskas on DSKBBXCHB2PROD with NOTICES
AGENCY:
VerDate Sep<11>2014
18:57 Nov 21, 2017
Jkt 244001
Notice and request for
comments.
ACTION:
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 sales of business property.
DATES: Written comments should be
received on or before January 22, 2018
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.
FOR FURTHER INFORMATION CONTACT:
Requests for additional information or
copies of the revenue procedure should
be directed to Kerry Dennis, at (202)
317–5751 or Internal Revenue Service,
Room 6529, 1111 Constitution Avenue
NW., Washington DC 20224, or through
the internet, at Kerry.Dennis@irs.gov.
SUPPLEMENTARY INFORMATION:
Title: Sales of Business Property.
OMB Number: 1545–0184.
Form Number: Form 4797.
Abstract: Form 4797 is used by
taxpayers to report sales, exchanges, or
involuntary conversions of assets used
in a trade or business. It is also used to
compute ordinary income from
recapture and the recapture of prior year
losses under section 1231 of the Internal
Revenue Code.
Current Actions: There have been no
changes to the form that would affect
burden. However, the agency has
updated the estimated number of
responses, based on its most recent data
and creation of OMB Control Number’s
1545–0074 and 1545–0123. All business
filer estimates (including the worksheet
burden) are being reported under 1545–
0123, individual filing estimates under
1545–0074, and all other filers are being
reported under this control number,
1545–0184.
Type of Review: Revision of a
currently approved collection.
SUMMARY:
PO 00000
Frm 00163
Fmt 4703
Sfmt 9990
55715
Affected Public: Business or other forprofit organizations, individuals or
households, and farms.
Estimated Number of Respondents:
325,000.
Estimated Time per Respondent: 50
hours, 38 minutes.
Estimated Total Annual Burden
Hours: 16,454,750.
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 15, 2017.
L. Brimmer,
Senior Tax Analyst.
[FR Doc. 2017–25221 Filed 11–21–17; 8:45 am]
BILLING CODE P
E:\FR\FM\22NON1.SGM
22NON1
]]>Agencies
[Federal Register Volume 82, Number 224 (Wednesday, November 22, 2017)]
[Notices]
[Page 55715]
From the Federal Register Online via the Government Publishing Office [www.gpo.gov]
[FR Doc No: 2017-25221]
-----------------------------------------------------------------------
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 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 sales
of business property.
DATES: Written comments should be received on or before January 22,
2018 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.
FOR FURTHER INFORMATION CONTACT: Requests for additional information or
copies of the revenue procedure should be directed to Kerry Dennis, at
(202) 317-5751 or Internal Revenue Service, Room 6529, 1111
Constitution Avenue NW., Washington DC 20224, or through the internet,
at Kerry.Dennis@irs.gov.
SUPPLEMENTARY INFORMATION:
Title: Sales of Business Property.
OMB Number: 1545-0184.
Form Number: Form 4797.
Abstract: Form 4797 is used by taxpayers to report sales,
exchanges, or involuntary conversions of assets used in a trade or
business. It is also used to compute ordinary income from recapture and
the recapture of prior year losses under section 1231 of the Internal
Revenue Code.
Current Actions: There have been no changes to the form that would
affect burden. However, the agency has updated the estimated number of
responses, based on its most recent data and creation of OMB Control
Number's 1545-0074 and 1545-0123. All business filer estimates
(including the worksheet burden) are being reported under 1545-0123,
individual filing estimates under 1545-0074, and all other filers are
being reported under this control number, 1545-0184.
Type of Review: Revision of a currently approved collection.
Affected Public: Business or other for-profit organizations,
individuals or households, and farms.
Estimated Number of Respondents: 325,000.
Estimated Time per Respondent: 50 hours, 38 minutes.
Estimated Total Annual Burden Hours: 16,454,750.
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 15, 2017.
L. Brimmer,
Senior Tax Analyst.
[FR Doc. 2017-25221 Filed 11-21-17; 8:45 am]
BILLING CODE P
