Proposed Extension of Information Collection Request Submitted for Public Comment; Comment Request Concerning Guidance Regarding Deduction and Capitalization of Expenditures, 26179-26180 [2019-11770]
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jbell on DSK3GLQ082PROD with NOTICES
Federal Register / Vol. 84, No. 108 / Wednesday, June 5, 2019 / Notices
Constitution Avenue NW, Washington,
DC 20224, or through the internet, at
RJoseph.Durbala@irs.gov.
SUPPLEMENTARY INFORMATION:
Title: Nonqualified Deferred
Compensation and IRC Section 409A.
OMB Number: 1545–2164.
Regulation Project Number: TD 9321,
Notices 2008–113, 2010–6, and 2010–
80.
Abstract: Nonqualified deferred
compensation plans subject to IRC
Section 409A must comply with IRC
Section 409A both in operation and in
form. Failures to comply with these
requirements will cause amounts
deferred under the plan to be included
in income and subject to the additional
taxes under IRC Section 409A to the
extent the amounts are not subject to a
substantial risk of forfeiture and not
previously included in income. In
response to requests from taxpayers that
a mechanism be created to allow them
to correct operational failures and
failures to comply with the plan
document requirements without
incurring all of the adverse tax
consequences that would otherwise
apply, the IRS and Treasury issued a
series of notices providing for selfcorrection of certain operational and
documentary failures.
The current guidance is Notice 2008–
113, 2008–2 C.B. 1305 (operational
failures), Notice 2010–6, 2010–3 I.R.B.
275 (document failures) and Notice
2010–80, 2010–51 I.R.B. 853 (modifying
Notices 2008–113 and 2010–6). The
notices specify the types of failures that
may be corrected, the timeframes within
which correction must be completed,
the participants who are eligible for
correction, what must be done to correct
and the taxes (if any) that must be paid.
Generally, the notices require the
employer (and in many cases the
employee) to attach a statement to their
tax returns disclosing that a correction
has occurred and to inform the revenue
agent of the correction at the beginning
of an examination.
Current Actions: There is no change to
the burden previously approved by
OMB. This form is being submitted for
renewal purposes only.
Type of Review: Extension of a
currently approved collection.
Affected Public: Individuals or
Households, Farms, and Businesses and
other for-profit organizations.
Estimated Number of Respondents:
20,000.
Estimated Time per Respondent: 30
mins.
Estimated Total Annual Burden
Hours: 10,000.
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19:03 Jun 04, 2019
Jkt 247001
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
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: May 30, 2019.
R. Joseph Durbala,
IRS Tax Analyst.
[FR Doc. 2019–11808 Filed 6–4–19; 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
Concerning Guidance Regarding
Deduction and Capitalization of
Expenditures
Internal Revenue Service (IRS),
Treasury.
AGENCY:
PO 00000
Frm 00116
Fmt 4703
Sfmt 4703
26179
Notice and request for
comments.
ACTION:
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
guidance regarding deduction and
capitalization of expenditures.
DATES: Written comments should be
received on or before August 5, 2019 to
be assured of consideration.
ADDRESSES: Direct all written comments
to Laurie Brimmer, Internal Revenue
Service, Room 6129, 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: Guidance Regarding Deduction
and Capitalization of Expenditures.
OMB Number: 1545–1870.
Regulation Project Number: TD 9107.
Abstract: The information required to
be retained by taxpayers will constitute
enough documentation for purposes of
substantiating a deduction. The
information will be used by the agency
on audit to determine the taxpayer’s
entitlement to a deduction. The
respondents include taxpayers who
engage in certain transactions involving
the acquisition of a trade or business or
an ownership interest in a legal entity.
Current Actions: There is no change to
the burden previously approved by
OMB.
Type of Review: Extension of a
currently approved collection.
Affected Public: Business or other forprofit organizations.
Estimated Number of Respondents:
3,000.
Estimated Time per Respondent: 1
hour.
Estimated Total Annual Burden
Hours: 3,000.
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
SUMMARY:
E:\FR\FM\05JNN1.SGM
05JNN1
26180
Federal Register / Vol. 84, No. 108 / Wednesday, June 5, 2019 / Notices
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: May 30, 2019.
R. Joseph Durbala,
IRS Tax Analyst.
[FR Doc. 2019–11770 Filed 6–4–19; 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
Concerning Source of Income From
Certain Space and Ocean Activities;
Source of Communications Income
Internal Revenue Service (IRS),
Treasury.
ACTION: Notice and request for
comments.
jbell on DSK3GLQ082PROD with NOTICES
AGENCY:
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
SUMMARY:
VerDate Sep<11>2014
19:03 Jun 04, 2019
Jkt 247001
required by the Paperwork Reduction
Act of 1995. Currently, the IRS is
soliciting comments concerning source
of income from certain space and ocean
activities; source of communications
income.
DATES: Written comments should be
received on or before August 5, 2019 to
be assured of consideration.
ADDRESSES: Direct all written comments
to Laurie Brimmer, Internal Revenue
Service, Room 6129, 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: Source of Income from Certain
Space and Ocean Activities; Source of
Communications Income.
OMB Number: 1545–1718.
Regulation Project Number: TD 9305.
Abstract: TD 9305 contains final
regulations under section 863(d)
governing the source of income from
certain space and ocean activities. The
final regulations primarily affect
persons who derive income from
activities conducted in space, or on or
under water not within the jurisdiction
of a foreign country, possession of the
United States, or the United States (in
international water). The final
regulations also affect persons who
derive income from transmission of
communications.
Current Actions: There is no change to
the burden previously approved by
OMB.
Type of Review: Extension of a
currently approved collection.
Affected Public: Business or other forprofit organizations.
Estimated Number of Respondents:
250.
Estimated Time per Respondent: 5
hours.
Estimated Total Annual Burden
Hours: 1,250.
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
returns and tax return information are
confidential, as required by 26 U.S.C.
6103.
PO 00000
Frm 00117
Fmt 4703
Sfmt 4703
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: May 30, 2019.
R. Joseph Durbala,
IRS Tax Analyst.
[FR Doc. 2019–11769 Filed 6–4–19; 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 4506T–EZ and Form 4506T–
EZ(SP)
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
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 Form
4506T–EZ, Short Form Request for
Individual Tax Return Transcript, and
4506T–EZ(SP), Formulario Abreviado
SUMMARY:
E:\FR\FM\05JNN1.SGM
05JNN1
]]>Agencies
[Federal Register Volume 84, Number 108 (Wednesday, June 5, 2019)]
[Notices]
[Pages 26179-26180]
From the Federal Register Online via the Government Publishing Office [www.gpo.gov]
[FR Doc No: 2019-11770]
-----------------------------------------------------------------------
DEPARTMENT OF THE TREASURY
Internal Revenue Service
Proposed Extension of Information Collection Request Submitted
for Public Comment; Comment Request Concerning Guidance Regarding
Deduction and Capitalization of Expenditures
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 guidance regarding deduction and capitalization of
expenditures.
DATES: Written comments should be received on or before August 5, 2019
to be assured of consideration.
ADDRESSES: Direct all written comments to Laurie Brimmer, Internal
Revenue Service, Room 6129, 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: Guidance Regarding Deduction and Capitalization of
Expenditures.
OMB Number: 1545-1870.
Regulation Project Number: TD 9107.
Abstract: The information required to be retained by taxpayers will
constitute enough documentation for purposes of substantiating a
deduction. The information will be used by the agency on audit to
determine the taxpayer's entitlement to a deduction. The respondents
include taxpayers who engage in certain transactions involving the
acquisition of a trade or business or an ownership interest in a legal
entity.
Current Actions: There is no change to the burden previously
approved by OMB.
Type of Review: Extension of a currently approved collection.
Affected Public: Business or other for-profit organizations.
Estimated Number of Respondents: 3,000.
Estimated Time per Respondent: 1 hour.
Estimated Total Annual Burden Hours: 3,000.
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
[[Page 26180]]
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: May 30, 2019.
R. Joseph Durbala,
IRS Tax Analyst.
[FR Doc. 2019-11770 Filed 6-4-19; 8:45 am]
BILLING CODE 4830-01-P
