Proposed Collection; Comment Request for Regulation Project, 57328-57329 [2017-26002]
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57328
Federal Register / Vol. 82, No. 231 / Monday, December 4, 2017 / Notices
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: Limitations on Corporate Net
Operating Loss Carryforwards.
OMB Number: 1545–1275.
Regulation Project Number: T.D. 8529.
Abstract: Sections 1.382–9(d)(2)(iii)
and (d)(4)(iv) of the regulation allow a
loss corporation to rely on a statement
by beneficial owners of indebtedness in
determining whether the loss
corporation qualifies for the benefits of
Internal Revenue Code section 382(1)(5).
Regulation section 1.382–9(d)(6)(ii)
requires a loss corporation to file an
election if it wants to apply the
regulation retroactively, or revoke a
prior Code section 382(1)(6) election.
Current Actions: There are no changes
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:
650.
Estimated Time per Respondent: The
estimated annual time per respondent
with respect to the §§ 1.382–9(d)(2)(iii)
and (d)(4)(iv) statements is 15 minutes.
The estimated annual time per
respondent with respect to the § 1.382–
9(d)(6)(ii) election is 1 hour.
Estimated Total Annual Burden
Hours: 200.
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
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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 28, 2017.
L. Brimmer,
Senior Tax Analyst.
balanced to include representation from
the taxpaying public, the tax
professional community, small and
large business, international, wage and
investment taxpayers, digital services,
academia, and the applicant’s
knowledge of Treasury Circular 230.
Dated: November 28, 2017.
John Lipold,
Designated Federal Official.
[FR Doc. 2017–26003 Filed 12–1–17; 8:45 am]
BILLING CODE 4830–01–P
[FR Doc. 2017–26004 Filed 12–1–17; 8:45 am]
DEPARTMENT OF THE TREASURY
BILLING CODE 4830–01–P
Internal Revenue Service
DEPARTMENT OF THE TREASURY
Internal Revenue Service
Internal Revenue Service (IRS),
Treasury.
ACTION: Notice of Charter renewal.
AGENCY:
The Charter for the Internal
Revenue Service Advisory Council
(IRSAC) has been renewed for one year
beginning November 24, 2017.
FOR FURTHER INFORMATION CONTACT: Ms.
Anna Millikan, National Public Liaison,
at publicliaison@irs.gov.
SUPPLEMENTARY INFORMATION: Notice is
hereby given under section 10(a)(2) of
the Federal Advisory Committee Act, 5
U.S.C. App. (1988), and with the
approval of the Secretary of the
Treasury to announce the renewal of the
Internal Revenue Service Advisory
Council (IRSAC) for a period of one
year. The primary purpose of the
advisory council is to provide an
organized public forum for Internal
Revenue Service officials and
representatives of the public to discuss
relevant tax administration issues. As an
advisory body designed to focus on
broad policy matters, the IRSAC reviews
existing tax policy and/or makes
recommendations with respect to
emerging federal tax administration
issues. The IRSAC suggests operational
improvements, offers constructive
observations regarding current or
proposed IRS policies, programs, and
procedures, and suggest improvements
with respect to issues having
substantive effect on federal tax
administration. Conveying the public’s
perception of IRS activities to Internal
Revenue Service officials, the IRSAC is
comprised of individuals who bring
substantial, disparate experience and
diverse backgrounds. Membership is
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Internal Revenue Service (IRS),
Treasury.
ACTION: Notice and request for
comments.
AGENCY:
Advisory Group to the Commissioner
of Internal Revenue; Renewal of
Charter
SUMMARY:
Proposed Collection; Comment
Request for Regulation Project
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
New Markets Tax Credit.
DATES: Written comments should be
received on or before February 2, 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.
SUPPLEMENTARY INFORMATION:
Title: New Markets Tax Credit.
OMB Number: 1545–1765.
Regulation Project Number: T.D. 9171.
Abstract: The regulations provide
guidance for taxpayers claiming the new
markets tax credit under section 45D of
the Internal Revenue Code. The
reporting requirements in the
regulations require a qualified
community development entity (CDE) to
provide written notice to: (1) Any
taxpayer who acquires an equity
investment in the CDE at its original
issue that the equity investment is a
qualified equity investment entitling the
SUMMARY:
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Federal Register / Vol. 82, No. 231 / Monday, December 4, 2017 / Notices
sradovich on DSK3GMQ082PROD with NOTICES
taxpayer to claim the new markets tax
credits; and (2) each holder of a
qualified equity investment, including
all prior holders of that investment that
a recapture event has occurred. CDE’s
must comply with such reporting
requirements to the Secretary as the
Secretary may prescribe.
Current Actions: There is no change to
this existing regulation.
Type of Review: Extension of a
currently approved collection.
Affected Public: Private sector:
Business or other for-profit
organizations.
Estimated Number of Respondents:
816.
Estimated Time per Response: 15
mins.
Estimated Total Burden Hours: 210.
The following paragraph applies to all
of the collections of information covered
by this notice:
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18:22 Dec 01, 2017
Jkt 244001
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
PO 00000
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57329
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 28, 2017.
L. Brimmer,
Senior Tax Analyst.
[FR Doc. 2017–26002 Filed 12–1–17; 8:45 am]
BILLING CODE 4830–01–P
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]]>Agencies
[Federal Register Volume 82, Number 231 (Monday, December 4, 2017)]
[Notices]
[Pages 57328-57329]
From the Federal Register Online via the Government Publishing Office [www.gpo.gov]
[FR Doc No: 2017-26002]
-----------------------------------------------------------------------
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 (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 New Markets Tax
Credit.
DATES: Written comments should be received on or before February 2,
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.
SUPPLEMENTARY INFORMATION:
Title: New Markets Tax Credit.
OMB Number: 1545-1765.
Regulation Project Number: T.D. 9171.
Abstract: The regulations provide guidance for taxpayers claiming
the new markets tax credit under section 45D of the Internal Revenue
Code. The reporting requirements in the regulations require a qualified
community development entity (CDE) to provide written notice to: (1)
Any taxpayer who acquires an equity investment in the CDE at its
original issue that the equity investment is a qualified equity
investment entitling the
[[Page 57329]]
taxpayer to claim the new markets tax credits; and (2) each holder of a
qualified equity investment, including all prior holders of that
investment that a recapture event has occurred. CDE's must comply with
such reporting requirements to the Secretary as the Secretary may
prescribe.
Current Actions: There is no change to this existing regulation.
Type of Review: Extension of a currently approved collection.
Affected Public: Private sector: Business or other for-profit
organizations.
Estimated Number of Respondents: 816.
Estimated Time per Response: 15 mins.
Estimated Total Burden Hours: 210.
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 28, 2017.
L. Brimmer,
Senior Tax Analyst.
[FR Doc. 2017-26002 Filed 12-1-17; 8:45 am]
BILLING CODE 4830-01-P
