Proposed Collection; Comment Request for Regulation Project, 49454-49455 [2018-21283]
Download as PDF
<![CDATA[
49454
Federal Register / Vol. 83, No. 190 / Monday, October 1, 2018 / Notices
Notice and request for
comments.
ACTION:
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 Treasury
Decision 8396, Conclusive Presumption
of Worthlessness of Debts Held by
Banks (FI–34–91).
DATES: Written comments should be
received on or before November 30,
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: Conclusive Presumption of
Worthlessness of Debts Held by Banks
(FI–34–91).
OMB Number: 1545–1254.
Treasury Decision Number: 8396.
Abstract: Section 1.166–2(d)(3) of this
regulation allows a bank to elect to
determine the worthlessness of debts by
using a method of accounting that
conforms worthlessness for tax purposes
to worthlessness for regulatory
purposes, and establish a conclusive
presumption of worthlessness. An
election under this regulation is treated
as a change in accounting method.
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:
200.
Estimated Time per Respondent: 15
minutes.
amozie on DSK3GDR082PROD with NOTICES
SUMMARY:
VerDate Sep<11>2014
17:50 Sep 28, 2018
Jkt 247001
Estimated Total Annual Burden
Hours: 50.
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: September 24, 2018.
Laurie Brimmer,
Senior Tax Analyst.
[FR Doc. 2018–21281 Filed 9–28–18; 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,
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
SUMMARY:
PO 00000
Frm 00102
Fmt 4703
Sfmt 4703
concerning combined information
reporting.
Written comments should be
received on or before November 30,
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.
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: Combined Information
Reporting.
OMB Number: 1545–1667.
Form Number: Revenue Procedure
99–50.
Abstract: Revenue Procedure 99–50
permits combined information reporting
by a successor business entity (i.e., a
corporation, partnership, or sole
proprietorship) in certain situations
following a merger or an acquisition.
Combined information reporting may be
elected by a successor with respect to
certain Forms 1042–S, all forms in the
series 1098, 1099, and 5498, and Forms
W–2G. The successor must file a
statement with the IRS indicating what
forms are being filed on a combined
basis.
Current Actions: There are no changes
being made to the burden associated
with the collection at this time.
Type of Review: Extension of a
currently approved collection.
Affected Public: Business or other forprofit organizations, not-for-profit
institutions, and farms.
Estimated Number of Respondents:
6,000.
Estimated Time per Respondent: 5
minutes.
Estimated Total Annual Burden
Hours: 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
DATES:
E:\FR\FM\01OCN1.SGM
01OCN1
Federal Register / Vol. 83, No. 190 / Monday, October 1, 2018 / Notices
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: September 20, 2018.
Laurie Brimmer,
Senior Tax Analyst.
[FR Doc. 2018–21283 Filed 9–28–18; 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,
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 distilled spirits credit.
DATES: Written comments should be
received on or before November 30,
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.
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: Distilled Spirits Credit.
amozie on DSK3GDR082PROD with NOTICES
SUMMARY:
VerDate Sep<11>2014
17:50 Sep 28, 2018
Jkt 247001
OMB Number: 1545–1982.
Form Number: Form 8906.
Abstract: Form 8906, Distilled Spirits
Credit, was developed to carry out the
provisions of IRC section 5011(a). This
section allows eligible wholesalers and
persons subject to IRC section 5055 an
income tax credit for the average cost of
carrying excise tax on bottled distilled
spirits. The form provides a means for
the eligible taxpayer to compute the
amount of credit.
Current Actions: There are no changes
being made to the burden associated
with the collection tool at this time.
Type of Review: Extension of a
currently approved collection.
Affected Public: Businesses and other
for-profit, organizations, and farms.
Estimated Number of Respondents:
300.
Estimated Time per Respondent: 1
hour, 52 minutes.
Estimated Total Annual Burden
Hours: 558.
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.
PO 00000
Frm 00103
Fmt 4703
Sfmt 4703
49455
Approved: September 20, 2018.
Laurie Brimmer,
Senior Tax Analyst.
[FR Doc. 2018–21284 Filed 9–28–18; 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,
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 return of U.S. persons with
respect to certain foreign partnerships
and consent to extend the time to assess
tax pursuant to the gain deferral
method.
SUMMARY:
Written comments should be
received on or before November 30,
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.
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: Return of U.S. Persons With
Respect to Certain Foreign Partnerships
(and associated schedules) and Consent
To Extend the Time To Assess Tax
Pursuant to the Gain Deferral Method.
OMB Number: 1545–1668.
Form Number: Form 8865, Schedules
A, A–1, A–2, B, G, H, N, K, K–1, K–1
(15a), L, M, M–1, M–2, O, P, and Form
8838 P.
Abstract: The Taxpayer Relief Act of
1997 significantly modified the
information reporting requirements with
respect to foreign partnerships. The Act
made the following three changes: (1)
Expanded Code section 6038B to require
U.S. persons transferring property to
foreign partnerships in certain
transactions to report those transfers; (2)
DATES:
E:\FR\FM\01OCN1.SGM
01OCN1
]]>Agencies
[Federal Register Volume 83, Number 190 (Monday, October 1, 2018)]
[Notices]
[Pages 49454-49455]
From the Federal Register Online via the Government Publishing Office [www.gpo.gov]
[FR Doc No: 2018-21283]
-----------------------------------------------------------------------
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
continuing information collections, as required by the Paperwork
Reduction Act of 1995. The IRS is soliciting comments concerning
combined information reporting.
DATES: Written comments should be received on or before November 30,
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.
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
[email protected].
SUPPLEMENTARY INFORMATION:
Title: Combined Information Reporting.
OMB Number: 1545-1667.
Form Number: Revenue Procedure 99-50.
Abstract: Revenue Procedure 99-50 permits combined information
reporting by a successor business entity (i.e., a corporation,
partnership, or sole proprietorship) in certain situations following a
merger or an acquisition. Combined information reporting may be elected
by a successor with respect to certain Forms 1042-S, all forms in the
series 1098, 1099, and 5498, and Forms W-2G. The successor must file a
statement with the IRS indicating what forms are being filed on a
combined basis.
Current Actions: There are no changes being made to the burden
associated with the collection at this time.
Type of Review: Extension of a currently approved collection.
Affected Public: Business or other for-profit organizations, not-
for-profit institutions, and farms.
Estimated Number of Respondents: 6,000.
Estimated Time per Respondent: 5 minutes.
Estimated Total Annual Burden Hours: 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
[[Page 49455]]
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: September 20, 2018.
Laurie Brimmer,
Senior Tax Analyst.
[FR Doc. 2018-21283 Filed 9-28-18; 8:45 am]
BILLING CODE 4830-01-P
