Proposed Collection; Comment Request for Regulation Project, 55712-55713 [2017-25302]

Download as PDF 55712 Federal Register / Vol. 82, No. 224 / Wednesday, November 22, 2017 / Notices 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. 2017–25220 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. ACTION: Notice and request for comments. AGENCY: 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 product liability losses and accumulations for product liability losses. 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 asabaliauskas on DSKBBXCHB2PROD with NOTICES SUMMARY: VerDate Sep<11>2014 18:57 Nov 21, 2017 Jkt 244001 Service, Room 6529, 1111 Constitution Avenue NW., Washington, DC 20224. FOR FURTHER INFORMATION CONTACT: Requests for additional information or copies of the form 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: Product Liability Losses and Accumulations for Product Liability Losses. OMB Number: 1545–0863. Regulation Project Number: T.D. 8096. Abstract: T.D. 8096 provides final regulations relating to product liability losses and accumulations for the payment of reasonable anticipated product liability losses. Changes to the applicable tax law were made by the Revenue Act of 1978. Generally, a taxpayer who sustains a product liability loss must carry the loss back 10 years. However, a taxpayer may elect to have such loss treated as a regular net operating loss under section 172. If desired, such election is made by attaching a statement to the tax return. This statement will enable the IRS to monitor compliance with the statutory requirements. Current Actions: There is no change to this existing regulation or to the paperwork burden previously approved by OMB. Type of Review: Extension of a currently approved collection. Affected Public: Business or other forprofit organizations. Estimated Number of Respondents: 5,000. Estimated Time per Respondent: 30 minutes. 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: PO 00000 Frm 00160 Fmt 4703 Sfmt 4703 (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. 2017–25219 Filed 11–21–17; 8:45 am] BILLING CODE P DEPARTMENT OF THE TREASURY Internal Revenue Service Proposed Collection; Comment Request for Regulation Project Internal Revenue Service (IRS), Treasury. ACTION: Notice and request for comments. AGENCY: 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 Manufacturers Excise Taxes on Sporting Goods and Firearms and Other Administrative Provisions of Special Application to Manufacturers and Retailers Excise Taxes; Reporting and Recordkeeping Requirements. 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 6526, 1111 Constitution Avenue NW., Washington, DC 20224. FOR FURTHER INFORMATION CONTACT: Requests for additional information or copies of the regulations should be directed to Martha R. Brinson, at (202) 317–5753 or at Internal Revenue Service, Room 6526, 1111 Constitution Avenue NW., Washington, DC 20224, or through the Internet at Martha.R.Brinson@irs.gov. SUMMARY: E:\FR\FM\22NON1.SGM 22NON1 Federal Register / Vol. 82, No. 224 / Wednesday, November 22, 2017 / Notices asabaliauskas on DSKBBXCHB2PROD with NOTICES SUPPLEMENTARY INFORMATION: Title: Manufacturers Excise Taxes on Sporting Goods and Firearms and Other Administrative Provisions of Special Application to Manufacturers and Retailers Excise Taxes; Reporting and Recordkeeping Requirements. OMB Number: 1545–0723. Regulation Project Number: T.D. 8043. Abstract: Chapters 31 and 32 of the Internal Revenue Code impose excise taxes on the sale or use of certain articles. Code section 6416 allows a credit or refund of the tax to manufacturers in certain cases. Code sections 6420, 6421, and 6427 allow credits or refunds of the tax to certain users of the articles. This regulation contains reporting and recordkeeping requirements that enable the IRS and taxpayers to verify that the proper amount of tax is reported or excluded. Current Actions: There is no change to this existing regulation. Type of Review: Extension of a currently approved collection. Affected Public: Business or other forprofit or not-for-profit institutions. Estimated Number of Respondents: 1,500,000. Estimated Time per Response: 19 minutes. Estimated Total Burden Hours: 475,000. 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 VerDate Sep<11>2014 18:57 Nov 21, 2017 Jkt 244001 technology; and (e) estimates of capital or start-up costs and costs of operation, maintenance, and purchase of services to provide information. 55713 their proportional interest in a foreign partnership changes. The burden of complying with the collection of information required to be reported on Form 8865 is reflected in the burden for Approved: November 15, 2017. Form 8865, ‘‘Return of U.S. Persons L. Brimmer, With Respect to Certain Foreign Senior Tax Analyst. Partnerships.’’ [FR Doc. 2017–25302 Filed 11–21–17; 8:45 am] Current Actions: There is no change to BILLING CODE 4830–01–P this existing regulation. Type of Review: Extension of a DEPARTMENT OF THE TREASURY currently approved collection. Affected Public: Business or other forInternal Revenue Service profit organizations, Individuals or Proposed Collection; Comment households and not-for-profit Request for Regulation Project institutions. AGENCY: Internal Revenue Service (IRS), The burden is reflected in the burden Treasury. of Form 8865. ACTION: Notice and request for The following paragraph applies to all comments. of the collections of information covered by this notice: SUMMARY: The Internal Revenue Service An agency may not conduct or (IRS), as part of its continuing effort to sponsor, and a person is not required to reduce paperwork and respondent burden, invites the general public and respond to, a collection of information other Federal agencies to take this unless the collection of information opportunity to comment on information displays a valid OMB control number. collections, as required by the Books or records relating to a collection Paperwork Reduction Act of 1995. The of information must be retained as long IRS is soliciting comments concerning as their contents may become material Return Requirement for United States in the administration of any internal Persons Acquiring or Disposing of an revenue law. Generally, tax returns and Interest in a Foreign Partnership, or tax return information are confidential, Whose Proportional Interest in a Foreign as required by 26 U.S.C. 6103. Partnership Changes. Request for Comments: Comments DATES: Written comments should be submitted in response to this notice will received on or before January 22, 2018 be summarized and/or included in the to be assured of consideration. request for OMB approval. All ADDRESSES: Direct all written comments comments will become a matter of to L. Brimmer, Internal Revenue public record. Comments are invited on: Service, Room 6526, 1111 Constitution (a) Whether the collection of Avenue NW., Washington, DC 20224. information is necessary for the proper FOR FURTHER INFORMATION CONTACT: performance of the functions of the Requests for additional information or agency, including whether the copies of the regulations should be information shall have practical utility; directed to Martha R. Brinson, at (202) (b) the accuracy of the agency’s estimate 317–5753 or at Internal Revenue of the burden of the collection of Service, Room 6526, 1111 Constitution Avenue NW., Washington, DC 20224, or information; (c) ways to enhance the quality, utility, and clarity of the through the Internet at information to be collected; (d) ways to Martha.R.Brinson@irs.gov. minimize the burden of the collection of SUPPLEMENTARY INFORMATION: information on respondents, including Title: Return Requirement for United States Persons Acquiring or Disposing of through the use of automated collection techniques or other forms of information an Interest in a Foreign Partnership, or Whose Proportional Interest in a Foreign technology; and (e) estimates of capital or start-up costs and costs of operation, Partnership Changes. maintenance, and purchase of services OMB Number: 1545–1646. Regulation Project Number: T.D. 8851. to provide information. Abstract: This document contains Approved: November 13, 2017. final regulations under section 6046A of L. Brimmer, the Internal Revenue Code relating to Senior Tax Analyst. the requirement that United States [FR Doc. 2017–25303 Filed 11–21–17; 8:45 am] persons, in certain circumstances, file a return if they acquire or dispose of an BILLING CODE 4830–01–P interest in a foreign partnership, or if PO 00000 Frm 00161 Fmt 4703 Sfmt 9990 E:\FR\FM\22NON1.SGM 22NON1

Agencies

[Federal Register Volume 82, Number 224 (Wednesday, November 22, 2017)]
[Notices]
[Pages 55712-55713]
From the Federal Register Online via the Government Publishing Office [www.gpo.gov]
[FR Doc No: 2017-25302]


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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 (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 Manufacturers Excise 
Taxes on Sporting Goods and Firearms and Other Administrative 
Provisions of Special Application to Manufacturers and Retailers Excise 
Taxes; Reporting and Recordkeeping Requirements.

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 6526, 1111 Constitution Avenue NW., Washington, DC 20224.

FOR FURTHER INFORMATION CONTACT: Requests for additional information or 
copies of the regulations should be directed to Martha R. Brinson, at 
(202) 317-5753 or at Internal Revenue Service, Room 6526, 1111 
Constitution Avenue NW., Washington, DC 20224, or through the Internet 
at Martha.R.Brinson@irs.gov.

[[Page 55713]]


SUPPLEMENTARY INFORMATION: 
    Title: Manufacturers Excise Taxes on Sporting Goods and Firearms 
and Other Administrative Provisions of Special Application to 
Manufacturers and Retailers Excise Taxes; Reporting and Recordkeeping 
Requirements.
    OMB Number: 1545-0723.
    Regulation Project Number: T.D. 8043.
    Abstract: Chapters 31 and 32 of the Internal Revenue Code impose 
excise taxes on the sale or use of certain articles. Code section 6416 
allows a credit or refund of the tax to manufacturers in certain cases. 
Code sections 6420, 6421, and 6427 allow credits or refunds of the tax 
to certain users of the articles. This regulation contains reporting 
and recordkeeping requirements that enable the IRS and taxpayers to 
verify that the proper amount of tax is reported or excluded.
    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 or not-for-profit 
institutions.
    Estimated Number of Respondents: 1,500,000.
    Estimated Time per Response: 19 minutes.
    Estimated Total Burden Hours: 475,000.
    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: November 15, 2017.
L. Brimmer,
Senior Tax Analyst.
[FR Doc. 2017-25302 Filed 11-21-17; 8:45 am]
 BILLING CODE 4830-01-P