Proposed Collection; Comment Request for Revenue Procedure 2003-33, 27372-27373 [2018-12578]
Download as PDF
<![CDATA[
27372
Federal Register / Vol. 83, No. 113 / Tuesday, June 12, 2018 / Notices
The Federal Financial
Institutions Examination Council has
rescinded its Revised Policy Statement
on ‘‘Interagency Coordination of Formal
Corrective Action by the Federal Bank
Regulatory Agencies’’ dated February
20, 1997. To assure onging coordination,
the Board, the FDIC, and the OCC
(collectively, ‘‘the Federal Banking
Agencies’’ or ‘‘FBAs’’) are issuing this
policy statement concerning Federal
Banking Agency coordination of formal
corrective action.
DATES: Applicable on June 12, 2018.
FOR FURTHER INFORMATION CONTACT:
OCC: Jessica Burrell, Counsel,
Enforcement and Compliance, (202–
649–6200); William Jacquet, Assistant
Director, Enforcement and Compliance,
(202–649–6200). For the hearing
impaired, TTY (202) 649–5597.
Board: Jason Gonzalez, Special
Counsel, Legal Division, Board of
Governors of the Federal Reserve
System, 20th Street and Constitution
Avenue NW, Washington, DC 20551.
For the hearing impaired or users of
Telecommunication Device for Deaf
(TDD) only, call (202) 263–4869.
FDIC: Sam Ozeck, Legal Division
(202) 898–6736; George Parkerson,
Division of Risk Management
Supervision, (202) 898–3648.
SUPPLEMENTARY INFORMATION: The
Federal Banking Agencies are issuing
this policy statement concerning their
coordination of formal corrective action.
The text of the policy statement is as
follows:
SUMMARY:
sradovich on DSK3GMQ082PROD with NOTICES
Policy Statement on Interagency
Notification of Formal Enforcement
Actions
The FBAs are issuing this policy
statement to promote notification of,
and coordination on, formal
enforcement actions among the FBAs at
the earliest practicable date. This
statement replaces the existing policy
statement 1 to incorporate and reflect
current practices and is not intended as
a substitute for informal communication
that routinely occurs among the FBAs in
advance of an enforcement action,
including verbal notification of pending
enforcement matters to officials and
staff with supervisory and enforcement
responsibility for the affected
institution.
When an FBA determines it will take
a formal enforcement action against any
federally insured depository institution,
depository institution holding company,
non-bank affiliate, or institutionaffiliated party, it should evaluate
whether the enforcement action
1 See
involves the interests of another FBA.
Examples of such interests include
unsafe or unsound practices or
significant violations of law by an
insured depository institution, non-bank
affiliate, or depository institution
holding company or misconduct by an
institution-affiliated party that may have
significant connections with an
institution regulated by another FBA.
If it is determined that one or more
other FBAs have an interest in the
enforcement action, the FBA proposing
the enforcement action should notify
the other FBA(s). Notification should be
provided at the earlier of the FBA’s
written notification to the federally
insured depository institution,
depository institution holding company,
non-bank affiliate, or institutionaffiliated party against which the FBA is
considering an enforcement action or
when the appropriate responsible
agency official, or group of officials,
determines that formal enforcement
action is expected to be taken.
The scope of the information shared
by the notification may depend on the
gravity of the interests of the other
FBA(s) and be determined on a case-bycase basis by the FBA providing the
notification. The information shared,
however, should be appropriate to allow
the other FBA(s) to take necessary
action in examining or investigating the
financial institution or institutionaffiliated party over which they have
jurisdiction.
If two or more FBAs consider bringing
a complementary action (e.g., action
involving a bank and its parent holding
company), those FBAs should
coordinate the preparation, processing,
presentation, potential penalties,
service, and follow-up of the
enforcement action.
Dated: June 6, 2018.
Joseph M. Otting,
Comptroller of the Currency.
By order of the Board of Governors of the
Federal Reserve System, June 4, 2018.
Anne E. Misback,
Secretary of the Board.
Dated at Washington, DC, this day of
March 20, 2018.
Federal Deposit Insurance Corporation.
Valerie J. Best,
Assistant Executive Secretary.
[FR Doc. 2018–12556 Filed 6–11–18; 8:45 am]
BILLING CODE 4810–33–P; 6210–01–P; 6714–01–P
62 FR 7782 (Feb. 20, 1997).
VerDate Sep<11>2014
16:21 Jun 11, 2018
Jkt 244001
PO 00000
Frm 00066
Fmt 4703
Sfmt 4703
DEPARTMENT OF THE TREASURY
Internal Revenue Service
Proposed Collection; Comment
Request for Revenue Procedure
2003–33
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
Section 9100 Relief for 338 Elections.
DATES: Written comments should be
received on or before August 13, 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: Requests for
additional information or copies of the
Rev. Proc. 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: Section 9100 Relief for 338
Elections.
OMB Number: 1545–1820.
Rev. Proc. Number: 2003–33.
Abstract: Revenue Procedure 2003–33
provides qualifying taxpayers with an
extension of time pursuant to
§ 301.9100–3 of the Procedure and
Administration Regulations to file an
election described in § 338(a) or
§ 338(h)(10) of the Internal Revenue
Code to treat the purchase of the stock
of a corporation as an asset acquisition.
Current Actions: There are no changes
being made to the Rev. Proc. at this
time.
Type of Review: Extension of a
currently approved collection.
Affected Public: Business or other forprofit organizations, and individuals or
households.
Estimated Number of Responses: 60.
Estimated Time per Respondent: 5
hours.
Estimated Total Annual Burden
Hours: 300.
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
SUMMARY:
E:\FR\FM\12JNN1.SGM
12JNN1
Federal Register / Vol. 83, No. 113 / Tuesday, June 12, 2018 / Notices
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. 2018–12578 Filed 6–11–18; 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
(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
Excise Tax Relating to Gain or Other
Income Realized by Any Person on
Receipt of Greenmail.
DATES: Written comments should be
received on or before August 13, 2018
to be assured of consideration.
sradovich on DSK3GMQ082PROD with NOTICES
SUMMARY:
VerDate Sep<11>2014
16:21 Jun 11, 2018
Jkt 244001
Direct all written comments
to Laurie Brimmer, Internal Revenue
Service, Room 6526, 1111 Constitution
Avenue NW, Washington, DC 20224.
FOR FURTHER INFORMATION: Requests for
additional information or copies of the
regulation 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: Excise Tax Relating to Gain or
Other Income Realized by Any Person
on Receipt of Greenmail.
OMB Number: 1545–1049.
Regulation Project Number: TD 8379
(final); TD 9407 (final).
Form Number: 8725.
Abstract: The regulations provide
rules relating to the manner and method
of reporting and paying the
nondeductible 50 percent excise tax
imposed by section 5881 of the Internal
Revenue Code with respect to the
receipt of greenmail. The reporting
requirements will be used to verify that
the excise tax imposed under section
5881 is properly reported and timely
paid. Form 8725 is used by persons who
receive ‘‘greenmail’’ to compute and pay
the excise tax on greenmail imposed
under Internal Revenue Code section
5881. IRS uses the information to verify
that the correct amount of tax has been
reported.
Current Actions: There is no change to
this existing regulation.
Type of Review: Extension of a
currently approved collection.
Affected Public: Individuals and
business or other for-profit
organizations.
Estimated Number of Responses: 12.
Estimated Time per Response: 7
hours., 37 minutes.**
Estimated Total Annual Burden
Hours: 92.
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. Comments
ADDRESSES:
PO 00000
Frm 00067
Fmt 4703
Sfmt 4703
27373
will be 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 has 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 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 5, 2018.
Laurie Brimmer,
Senior Tax Analyst.
[FR Doc. 2018–12566 Filed 6–11–18; 8:45 am]
BILLING CODE 4830–01–P
DEPARTMENT OF THE TREASURY
Internal Revenue Service
Proposed Collection; Comment
Request for Form 911
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
Request for Taxpayer Advocate Service
Assistance (And Application for
Taxpayer Assistance Order).
DATES: Written comments should be
received on or before August 13, 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: Request for Taxpayer Advocate
Service Assistance (And Application for
Taxpayer Assistance Order).
SUMMARY:
E:\FR\FM\12JNN1.SGM
12JNN1
]]>Agencies
[Federal Register Volume 83, Number 113 (Tuesday, June 12, 2018)]
[Notices]
[Pages 27372-27373]
From the Federal Register Online via the Government Publishing Office [www.gpo.gov]
[FR Doc No: 2018-12578]
-----------------------------------------------------------------------
DEPARTMENT OF THE TREASURY
Internal Revenue Service
Proposed Collection; Comment Request for Revenue Procedure 2003-
33
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 Section 9100 Relief
for 338 Elections.
DATES: Written comments should be received on or before August 13, 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: Requests for additional information or copies
of the Rev. Proc. 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
[email protected].
SUPPLEMENTARY INFORMATION:
Title: Section 9100 Relief for 338 Elections.
OMB Number: 1545-1820.
Rev. Proc. Number: 2003-33.
Abstract: Revenue Procedure 2003-33 provides qualifying taxpayers
with an extension of time pursuant to Sec. 301.9100-3 of the Procedure
and Administration Regulations to file an election described in Sec.
338(a) or Sec. 338(h)(10) of the Internal Revenue Code to treat the
purchase of the stock of a corporation as an asset acquisition.
Current Actions: There are no changes being made to the Rev. Proc.
at this time.
Type of Review: Extension of a currently approved collection.
Affected Public: Business or other for-profit organizations, and
individuals or households.
Estimated Number of Responses: 60.
Estimated Time per Respondent: 5 hours.
Estimated Total Annual Burden Hours: 300.
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
[[Page 27373]]
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. 2018-12578 Filed 6-11-18; 8:45 am]
BILLING CODE 4830-01-P
