Proposed Extension of Information Collection Request Submitted for Public Comment; Comment Request for Form 8918, 62674-62675 [2018-26256]
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62674
Federal Register / Vol. 83, No. 233 / Tuesday, December 4, 2018 / Notices
Act of 1995. Currently, the IRS is
soliciting comments concerning the
disclosure of returns and return
information to a designee of a taxpayer.
DATES: Written comments should be
received on or before February 4, 2019
to be assured of consideration.
ADDRESSES: Direct all written comments
to Carolyn Brown, Internal Revenue
Service, Room 6236, 1111 Constitution
Avenue NW, Washington, DC 20224.
Requests for additional information or
copies of the regulations should be
directed to R. Joseph Durbala, at Internal
Revenue Service, Room 6129, 1111
Constitution Avenue NW, Washington
DC 20224, or through the internet, at
RJoseph.Durbala@irs.gov.
SUPPLEMENTARY INFORMATION:
Title: Disclosure of Returns and
Return Information to Designee of
Taxpayer.
OMB Number: 1545–1816.
Regulation Project Number: TD 9054,
as amended by TD 9618.
Abstract: Under section 6103(a),
returns and return information are
confidential unless disclosure is
otherwise authorized by the Code.
Section 6103(c), as amended in 1996 by
section 1207 of the Taxpayer Bill of
Rights II, Public Law 104–168 (110 Stat.
1452), authorizes the IRS to disclose
returns and return information to such
person or persons as the taxpayer may
designate in a request for or consent to
disclosure, or to any other person at the
taxpayer’s request to the extent
necessary to comply with a request for
information or assistance made by the
taxpayer to such other person.
Disclosure is permitted subject to such
requirements and conditions as may be
prescribed by regulations. With the
amendment in 1996, Congress
eliminated the longstanding
requirement that disclosures to
designees of the taxpayer must be
pursuant to the written request or
consent of the taxpayer.
Current Actions: There is no change to
the burden previously approved.
Type of Review: Extension of a
currently approved collection.
Affected Public: Individuals or
households, business or other not-forprofit institutions, farms, and Federal,
state, local or tribal governments.
Estimated Number of Respondents:
4,000.
Estimated Time per Respondent: 12
min.
Estimated Total Annual Burden
Hours: 800.
The following paragraph applies to all
the collections of information covered
by this notice:
An agency may not conduct or
sponsor, and a person is not required to
VerDate Sep<11>2014
17:36 Dec 03, 2018
Jkt 247001
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 if 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.
Desired Focus of Comments: The
Internal Revenue Service (IRS) is
particularly interested in comments
that:
• Evaluate whether the proposed
collection of information is necessary
for the proper performance of the
functions of the agency, including
whether the information will have
practical utility;
• Evaluate the accuracy of the
agency’s estimate of the burden of the
proposed collection of information,
including the validity of the
methodology and assumptions used;
• Enhance the quality, utility, and
clarity of the information to be
collected; and
• Minimize the burden of the
collection of information on those who
are to respond, including using
appropriate automated, electronic,
mechanical, or other technological
collection techniques or other forms of
information technology, e.g., by
permitting electronic submissions of
responses.
Comments submitted in response to
this notice will be summarized and/or
included in the ICR for OMB approval
of the extension of the information
collection; they will also become a
matter of public record.
Approved: November 27, 2018.
R. Joseph Durbala,
IRS Tax Analyst.
[FR Doc. 2018–26259 Filed 12–3–18; 8:45 am]
BILLING CODE 4830–01–P
DEPARTMENT OF THE TREASURY
Internal Revenue Service
Proposed Extension of Information
Collection Request Submitted for
Public Comment; Comment Request
for Form 8918
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 public and other Federal
SUMMARY:
PO 00000
Frm 00115
Fmt 4703
Sfmt 4703
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
disclosure of reportable transactions.
DATES: Written comments should be
received on or before February 4, 2019
to be assured of consideration.
ADDRESSES: Direct all written comments
to Carolyn Brown, Internal Revenue
Service, Room 6236, 1111 Constitution
Avenue NW, Washington, DC 20224.
Requests for additional information or
copies of the regulations should be
directed to R. Joseph Durbala, at Internal
Revenue Service, Room 6129, 1111
Constitution Avenue NW, Washington
DC 20224, or through the internet, at
RJoseph.Durbala@irs.gov.
SUPPLEMENTARY INFORMATION:
Title: Disclosure of reportable
transactions.
OMB Number: 1545–0865.
Form Number: 8918.
Abstract: Internal Revenue Code (IRC)
6111 requires a sub-set of promoters
called ‘‘material advisors’’ to disclose
information about the promotion of
certain types of transactions called
‘‘reportable transactions.’’ Material
advisors to any reportable transaction
must disclose certain information about
the reportable transaction by filing a
Form 8918 with the IRS. Material
advisors who file a Form 8918 will
receive a reportable transaction number
from the IRS. Material advisors must
provide the reportable transaction
number to all taxpayers and material
advisors for whom the material advisor
acts as a material advisor.
Current Actions: There is no change to
the burden previously approved.
Type of Review: Extension of a
currently approved collection.
Affected Public: Business or other forprofit organizations.
Estimated Number of Respondents:
350.
Estimated Time Per Respondent: 14
hrs., 33 min.
Estimated Total Annual Burden
Hours: 5,096.
The following paragraph applies to all
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 if their contents may become
material in the administration of any
internal revenue law. Generally, tax
E:\FR\FM\04DEN1.SGM
04DEN1
Federal Register / Vol. 83, No. 233 / Tuesday, December 4, 2018 / Notices
returns and tax return information are
confidential, as required by 26 U.S.C.
6103.
Desired Focus of Comments: The
Internal Revenue Service (IRS) is
particularly interested in comments
that:
• Evaluate whether the proposed
collection of information is necessary
for the proper performance of the
functions of the agency, including
whether the information will have
practical utility;
• Evaluate the accuracy of the
agency’s estimate of the burden of the
VerDate Sep<11>2014
19:26 Dec 03, 2018
Jkt 247001
proposed collection of information,
including the validity of the
methodology and assumptions used;
• Enhance the quality, utility, and
clarity of the information to be
collected; and
• Minimize the burden of the
collection of information on those who
are to respond, including using
appropriate automated, electronic,
mechanical, or other technological
collection techniques or other forms of
information technology, e.g., by
PO 00000
Frm 00116
Fmt 4703
Sfmt 9990
62675
permitting electronic submissions of
responses.
Comments submitted in response to
this notice will be summarized and/or
included in the ICR for OMB approval
of the extension of the information
collection; they will also become a
matter of public record.
Approved: November 27, 2018.
R. Joseph Durbala,
IRS Tax Analyst.
[FR Doc. 2018–26256 Filed 12–3–18; 8:45 am]
BILLING CODE 4830–01–P
E:\FR\FM\04DEN1.SGM
04DEN1
]]>Agencies
[Federal Register Volume 83, Number 233 (Tuesday, December 4, 2018)]
[Notices]
[Pages 62674-62675]
From the Federal Register Online via the Government Publishing Office [www.gpo.gov]
[FR Doc No: 2018-26256]
-----------------------------------------------------------------------
DEPARTMENT OF THE TREASURY
Internal Revenue Service
Proposed Extension of Information Collection Request Submitted
for Public Comment; Comment Request for Form 8918
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 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 disclosure of reportable transactions.
DATES: Written comments should be received on or before February 4,
2019 to be assured of consideration.
ADDRESSES: Direct all written comments to Carolyn Brown, Internal
Revenue Service, Room 6236, 1111 Constitution Avenue NW, Washington, DC
20224. Requests for additional information or copies of the regulations
should be directed to R. Joseph Durbala, at Internal Revenue Service,
Room 6129, 1111 Constitution Avenue NW, Washington DC 20224, or through
the internet, at [email protected].
SUPPLEMENTARY INFORMATION:
Title: Disclosure of reportable transactions.
OMB Number: 1545-0865.
Form Number: 8918.
Abstract: Internal Revenue Code (IRC) 6111 requires a sub-set of
promoters called ``material advisors'' to disclose information about
the promotion of certain types of transactions called ``reportable
transactions.'' Material advisors to any reportable transaction must
disclose certain information about the reportable transaction by filing
a Form 8918 with the IRS. Material advisors who file a Form 8918 will
receive a reportable transaction number from the IRS. Material advisors
must provide the reportable transaction number to all taxpayers and
material advisors for whom the material advisor acts as a material
advisor.
Current Actions: There is no change to the burden previously
approved.
Type of Review: Extension of a currently approved collection.
Affected Public: Business or other for-profit organizations.
Estimated Number of Respondents: 350.
Estimated Time Per Respondent: 14 hrs., 33 min.
Estimated Total Annual Burden Hours: 5,096.
The following paragraph applies to all 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 if their contents may become material in the administration of
any internal revenue law. Generally, tax
[[Page 62675]]
returns and tax return information are confidential, as required by 26
U.S.C. 6103.
Desired Focus of Comments: The Internal Revenue Service (IRS) is
particularly interested in comments that:
Evaluate whether the proposed collection of information is
necessary for the proper performance of the functions of the agency,
including whether the information will have practical utility;
Evaluate the accuracy of the agency's estimate of the
burden of the proposed collection of information, including the
validity of the methodology and assumptions used;
Enhance the quality, utility, and clarity of the
information to be collected; and
Minimize the burden of the collection of information on
those who are to respond, including using appropriate automated,
electronic, mechanical, or other technological collection techniques or
other forms of information technology, e.g., by permitting electronic
submissions of responses.
Comments submitted in response to this notice will be summarized
and/or included in the ICR for OMB approval of the extension of the
information collection; they will also become a matter of public
record.
Approved: November 27, 2018.
R. Joseph Durbala,
IRS Tax Analyst.
[FR Doc. 2018-26256 Filed 12-3-18; 8:45 am]
BILLING CODE 4830-01-P
