Proposed Collection; Comment Request for Regulation Project, 26746 [2018-12406]
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26746
Federal Register / Vol. 83, No. 111 / Friday, June 8, 2018 / Notices
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 proposed
and/or continuing information
collections, as required by the
Paperwork Reduction Act of 1995. The
IRS is soliciting comments concerning
Guidance regarding Charitable
Remainder Trusts and Special Valuation
Rules for Transfers of Interests and
Trusts.
DATES: Written comments should be
received on or before August 7, 2018 to
be assured of consideration.
ADDRESSES: Direct all written comments
to Roberto Mora-Figueroa, Internal
Revenue Service, Room 6526, 1111
Constitution Avenue NW, Washington,
DC 20224.
FOR FURTHER INFORMATION CONTACT:
Requests for additional information or
copies of this regulation should be
directed to Sara Covington, Internal
Revenue Service, Room 6526, 1111
Constitution Avenue NW, Washington,
DC 20224, or at (202)317–6038 or
through the internet at
Sara.L.Covington@irs.gov.
SUPPLEMENTARY INFORMATION:
Title: Guidance Regarding Charitable
Remainder Trusts and Special Valuation
Rules for Transfers of Interests and
Trusts.
OMB Number: 1545–1536.
Regulation Project Number: TD 8791.
Abstract: This regulation provides
guidance relating to charitable
remainder trusts and to special
valuation rules for transfers of interests
in trusts. Section 1.664–1(a)(7) of the
regulation provides that either an
independent trustee or qualified
appraiser using a qualified appraisal
must value a charitable remainder
trust’s assets that do not have an
objective, ascertainable value.
Current Actions: There is no change to
this existing regulation.
Type of Review: Extension of a
currently approved collection.
Affected Public: Businesses or other
for-profit organizations.
Estimated Number of Respondents:
150.
amozie on DSK3GDR082PROD with NOTICES1
SUMMARY:
VerDate Sep<11>2014
16:53 Jun 07, 2018
Jkt 241001
Estimated Time per Respondent: 30
minutes.
Estimated Total Annual Burden
Hours: 75.
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: June 4, 2018.
Laurie Brimmer,
Senior Tax Analyst.
[FR Doc. 2018–12406 Filed 6–7–18; 8:45 am]
BILLING CODE 4830–01–P
DEPARTMENT OF THE TREASURY
Internal Revenue Service
Proposed Collection; Comment
Request for Form 1127
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
SUMMARY:
PO 00000
Frm 00106
Fmt 4703
Sfmt 4703
Paperwork Reduction Act of 1995. The
IRS is soliciting comments concerning
Application for Extension of Time for
Payment of Tax Due to Undue Hardship.
DATES: Written comments should be
received on or before August 7, 2018 to
be assured of consideration.
ADDRESSES: Direct all written comments
to Laurie 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 form and instructions
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: Application for Extension of
Time for Payment of Tax Due to Undue
Hardship.
OMB Number: 1545–2131.
Form Number: 1127.
Abstract: Under IRC 6161, individual
taxpayers and business taxpayers are
allowed to request an extension of time
for payment of tax shown or required to
be shown on a return or for a tax due
on a notice of deficiency. In order to be
granted this extension, they must file
Form 1127, providing evidence of
undue hardship, inability to borrow,
and collateral to ensure payment of the
tax.
Current Actions: There are no changes
being made to Form 1127 at this time.
Type of Review: Extension of a
currently approved collection.
Affected Public: Individuals and
Households, Businesses and other forprofit organizations.
Estimated Number of Responses:
1,000.
Estimated Time per Response: 7
hours, 29 minutes.
Estimated Total Annual Burden
Hours: 7,470.
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
E:\FR\FM\08JNN1.SGM
08JNN1
]]>Agencies
[Federal Register Volume 83, Number 111 (Friday, June 8, 2018)]
[Notices]
[Page 26746]
From the Federal Register Online via the Government Publishing Office [www.gpo.gov]
[FR Doc No: 2018-12406]
[[Page 26746]]
-----------------------------------------------------------------------
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
proposed and/or continuing information collections, as required by the
Paperwork Reduction Act of 1995. The IRS is soliciting comments
concerning Guidance regarding Charitable Remainder Trusts and Special
Valuation Rules for Transfers of Interests and Trusts.
DATES: Written comments should be received on or before August 7, 2018
to be assured of consideration.
ADDRESSES: Direct all written comments to Roberto Mora-Figueroa,
Internal Revenue Service, Room 6526, 1111 Constitution Avenue NW,
Washington, DC 20224.
FOR FURTHER INFORMATION CONTACT: Requests for additional information or
copies of this regulation should be directed to Sara Covington,
Internal Revenue Service, Room 6526, 1111 Constitution Avenue NW,
Washington, DC 20224, or at (202)317-6038 or through the internet at
[email protected].
SUPPLEMENTARY INFORMATION:
Title: Guidance Regarding Charitable Remainder Trusts and Special
Valuation Rules for Transfers of Interests and Trusts.
OMB Number: 1545-1536.
Regulation Project Number: TD 8791.
Abstract: This regulation provides guidance relating to charitable
remainder trusts and to special valuation rules for transfers of
interests in trusts. Section 1.664-1(a)(7) of the regulation provides
that either an independent trustee or qualified appraiser using a
qualified appraisal must value a charitable remainder trust's assets
that do not have an objective, ascertainable value.
Current Actions: There is no change to this existing regulation.
Type of Review: Extension of a currently approved collection.
Affected Public: Businesses or other for-profit organizations.
Estimated Number of Respondents: 150.
Estimated Time per Respondent: 30 minutes.
Estimated Total Annual Burden Hours: 75.
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: June 4, 2018.
Laurie Brimmer,
Senior Tax Analyst.
[FR Doc. 2018-12406 Filed 6-7-18; 8:45 am]
BILLING CODE 4830-01-P
