Proposed Collection; Comment Request on Information Collection for T.D. 9308, 42356 [2018-17943]
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42356
Federal Register / Vol. 83, No. 162 / Tuesday, August 21, 2018 / Notices
Abstract: Form 56 is used to inform
the IRS that a person is acting for
another person in a fiduciary capacity
so that the IRS may mail tax notices to
the fiduciary concerning the person for
whom he/she is acting. The data is used
to ensure that the fiduciary relationship
is established or terminated and to mail
or discontinue mailing designated tax
notices to the fiduciary. The filing of
Form 56–F by a fiduciary (FDIC or other
federal agency acting as a receiver or
conservator of a failed financial
institution (bank or thrift) gives the IRS
the necessary information to submit
send letters, notices, and notices of tax
liability to the federal fiduciary now in
charge of the financial institution rather
than sending the notice, etc. to the
institution’s last known address.
Current Actions: There are no changes
being made to the burden associated
with the collection tools 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 Respondents:
174,050.
Estimated Time per Respondent: 2
hrs.
Estimated Total Annual Burden
Hours: 349,786.
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
17:31 Aug 20, 2018
Jkt 244001
technology; and (e) estimates of capital
or start-up costs and costs of operation,
maintenance, and purchase of services
to provide information.
Approved: August 13, 2018.
Laurie Brimmer,
Senior Tax Analyst.
[FR Doc. 2018–17946 Filed 8–20–18; 8:45 am]
BILLING CODE 4830–01–P
DEPARTMENT OF THE TREASURY
Internal Revenue Service
Proposed Collection; Comment
Request on Information Collection for
T.D. 9308
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.
Currently, the IRS is soliciting
comments concerning the burden
associated with Treasury Decision 9308,
Reporting Requirements for Widely
Held Fixed Investment Trusts.
Previously Treasury Decision 9279.
DATES: Written comments should be
received on or before October 22, 2018
to be assured of consideration.
ADDRESSES: Direct all written comments
to Laurie Brimmer, Internal Revenue
Service, Room 6529, 1111 Constitution
Avenue NW, Washington, DC 20224.
Please send separate comments for each
specific information collection listed
below. You must reference the
information collection’s title, form
number, reporting or record-keeping
requirement number, and OMB number
(if any) in your comment.
FOR FURTHER INFORMATION CONTACT:
Requests for additional information or
copies of the collection tools should be
directed to Alissa Berry, at (901) 707–
4988, at Internal Revenue Service, Room
6529, 1111 Constitution Avenue NW,
Washington, DC 20224, or through the
internet at Alissa.A.Berry@irs.gov.
SUPPLEMENTARY INFORMATION: Currently,
the IRS is seeking comments concerning
the following information collection
tools, reporting, and record-keeping
requirements:
Title: Reporting Requirements for
Widely Held Fixed Investment Trusts.
SUMMARY:
PO 00000
Frm 00105
Fmt 4703
Sfmt 9990
OMB Number: 1545–1540.
Treasury Decision Number: 9308.
Abstract: Under regulation section
1.671–5, the trustee or the middleman
who holds an interest in a widely held
fixed investment trust for an investor
will be required to provide a Form 1099
to the IRS and a tax information
statement to the investor. The trust is
also required to provide more detailed
tax information to middlemen and
certain other persons, upon request.
Current Actions: There are no changes
to the collection at this time.
Type of Review: Extension without
change of currently approved collection.
Affected Public: Business or other forprofit organizations.
Estimated Number of Respondents:
1,200.
Estimated Time per Respondent: 2
hours.
Estimated Total Annual Burden
Hours: 2,400.
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: August 15, 2018.
Laurie Brimmer,
Senior Tax Analyst.
[FR Doc. 2018–17943 Filed 8–20–18; 8:45 am]
BILLING CODE 4830–01–P
E:\FR\FM\21AUN1.SGM
21AUN1
]]>Agencies
[Federal Register Volume 83, Number 162 (Tuesday, August 21, 2018)]
[Notices]
[Page 42356]
From the Federal Register Online via the Government Publishing Office [www.gpo.gov]
[FR Doc No: 2018-17943]
-----------------------------------------------------------------------
DEPARTMENT OF THE TREASURY
Internal Revenue Service
Proposed Collection; Comment Request on Information Collection
for T.D. 9308
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. Currently, the IRS is soliciting
comments concerning the burden associated with Treasury Decision 9308,
Reporting Requirements for Widely Held Fixed Investment Trusts.
Previously Treasury Decision 9279.
DATES: Written comments should be received on or before October 22,
2018 to be assured of consideration.
ADDRESSES: Direct all written comments to Laurie Brimmer, Internal
Revenue Service, Room 6529, 1111 Constitution Avenue NW, Washington, DC
20224. Please send separate comments for each specific information
collection listed below. You must reference the information
collection's title, form number, reporting or record-keeping
requirement number, and OMB number (if any) in your comment.
FOR FURTHER INFORMATION CONTACT: Requests for additional information or
copies of the collection tools should be directed to Alissa Berry, at
(901) 707-4988, at Internal Revenue Service, Room 6529, 1111
Constitution Avenue NW, Washington, DC 20224, or through the internet
at [email protected].
SUPPLEMENTARY INFORMATION: Currently, the IRS is seeking comments
concerning the following information collection tools, reporting, and
record-keeping requirements:
Title: Reporting Requirements for Widely Held Fixed Investment
Trusts.
OMB Number: 1545-1540.
Treasury Decision Number: 9308.
Abstract: Under regulation section 1.671-5, the trustee or the
middleman who holds an interest in a widely held fixed investment trust
for an investor will be required to provide a Form 1099 to the IRS and
a tax information statement to the investor. The trust is also required
to provide more detailed tax information to middlemen and certain other
persons, upon request.
Current Actions: There are no changes to the collection at this
time.
Type of Review: Extension without change of currently approved
collection.
Affected Public: Business or other for-profit organizations.
Estimated Number of Respondents: 1,200.
Estimated Time per Respondent: 2 hours.
Estimated Total Annual Burden Hours: 2,400.
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: August 15, 2018.
Laurie Brimmer,
Senior Tax Analyst.
[FR Doc. 2018-17943 Filed 8-20-18; 8:45 am]
BILLING CODE 4830-01-P
