Proposed Collection; Comment Request for Form Project, 29585 [2019-13322]
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Federal Register / Vol. 84, No. 121 / Monday, June 24, 2019 / Notices
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jbell on DSK3GLQ082PROD with NOTICES
SUPPLEMENTARY INFORMATION:
Title: Settlement Funds.
OMB Number: 1545–1299.
Form Number: TD 8459.
Abstract: This final regulation
prescribes reporting requirements for
settlement funds, which are funds
established or approved by a
governmental authority to resolve or
satisfy certain liabilities, such as those
involving tort or breach of contract. The
final regulation relates to the tax
treatment of transfers to these funds, the
taxation of income earned by the funds,
and the tax treatment of distributions
made by the funds.
Current Actions: There is no change
in the paperwork burden previously
approved by OMB.
Type of Review: Extension of a
currently approved collection.
Affected Public: Individuals, business
or other for-profit organizations, not forprofit institutions, farms and Federal,
state, local or tribal governments.
Estimated Number of Respondents:
1,500.
Estimated Time per Respondent: 2
hrs., 22 min.
Estimated Total Annual Burden
Hours: 3,542.
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
16:50 Jun 21, 2019
Jkt 247001
technology; and (e) estimates of capital
or start-up costs and costs of operation,
maintenance, and purchase of services
to provide information.
Approved: June 19, 2019.
Laurie Brimmer,
Senior Tax Analyst.
[FR Doc. 2019–13358 Filed 6–21–19; 8:45 am]
BILLING CODE 4830–01–P
DEPARTMENT OF THE TREASURY
Internal Revenue Service
Proposed Collection; Comment
Request for Form 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 information returns of U.S.
persons with respect to foreign
disregarded entities, and transactions
between foreign disregarded entity of a
foreign tax owner and the filer on other
related entities.
DATES: Written comments should be
received on or before August 23, 2019
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: Information Return of U.S.
Persons With Respect To Foreign
Disregarded Entities; and Transactions
Between Foreign Disregarded Entity of a
Foreign Tax Owner and the Filer.
OMB Number: 1545–1910.
Form Number: Form 8858 and Sch M
(Form 8858).
Abstract: Form 8858 and Schedule M
are used by certain U.S. persons that
own a foreign disregarded entity (FDE)
directly or, in certain circumstances,
indirectly or constructively.
Current Actions: There are no changes
being made to these forms at this time.
SUMMARY:
PO 00000
Frm 00093
Fmt 4703
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29585
Type of Review: Extension of a
currently approved collection.
Affected Public: Business or other forprofit organizations, and individuals or
households.
Form 8858:
Estimated Number of Respondents:
20,000.
Estimated Time per Respondent:
35.99 hours.
Estimated Total Annual Burden
Hours: 719,800 hours.
Form 8858 (Sch M):
Estimated Number of Respondents:
8,000.
Estimated Time per Respondent:
24.75 hours.
Estimated Total Annual Burden
Hours: 198,000 hours.
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: June 18, 2019.
Laurie Brimmer,
Senior Tax Analyst.
[FR Doc. 2019–13322 Filed 6–21–19; 8:45 am]
BILLING CODE 4830–01–P
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]]>Agencies
[Federal Register Volume 84, Number 121 (Monday, June 24, 2019)]
[Notices]
[Page 29585]
From the Federal Register Online via the Government Publishing Office [www.gpo.gov]
[FR Doc No: 2019-13322]
-----------------------------------------------------------------------
DEPARTMENT OF THE TREASURY
Internal Revenue Service
Proposed Collection; Comment Request for Form 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
information returns of U.S. persons with respect to foreign disregarded
entities, and transactions between foreign disregarded entity of a
foreign tax owner and the filer on other related entities.
DATES: Written comments should be received on or before August 23, 2019
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: Information Return of U.S. Persons With Respect To Foreign
Disregarded Entities; and Transactions Between Foreign Disregarded
Entity of a Foreign Tax Owner and the Filer.
OMB Number: 1545-1910.
Form Number: Form 8858 and Sch M (Form 8858).
Abstract: Form 8858 and Schedule M are used by certain U.S. persons
that own a foreign disregarded entity (FDE) directly or, in certain
circumstances, indirectly or constructively.
Current Actions: There are no changes being made to these forms at
this time.
Type of Review: Extension of a currently approved collection.
Affected Public: Business or other for-profit organizations, and
individuals or households.
Form 8858:
Estimated Number of Respondents: 20,000.
Estimated Time per Respondent: 35.99 hours.
Estimated Total Annual Burden Hours: 719,800 hours.
Form 8858 (Sch M):
Estimated Number of Respondents: 8,000.
Estimated Time per Respondent: 24.75 hours.
Estimated Total Annual Burden Hours: 198,000 hours.
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: June 18, 2019.
Laurie Brimmer,
Senior Tax Analyst.
[FR Doc. 2019-13322 Filed 6-21-19; 8:45 am]
BILLING CODE 4830-01-P
