Proposed Collection; Comment Request for T.D. 8649., 48216-48217 [2019-19743]
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jbell on DSK3GLQ082PROD with NOTICES
48216
Federal Register / Vol. 84, No. 177 / Thursday, September 12, 2019 / Notices
paperwork and respondent burden,
invites the general public and other
Federal agencies to take this
opportunity to comment on information
collections, as required by the
Paperwork Reduction Act of 1995. The
IRS is soliciting comments concerning
consent of shareholder to include
specific amount in gross income.
DATES: Written comments should be
received on or before November 12,
2019 to be assured of consideration.
ADDRESSES: Direct all written comments
to Laurie Brimmer, Internal Revenue
Service, Room 6526, 1111 Constitution
Avenue NW, Washington, DC 20224.
FOR FURTHER INFORMATION CONTACT:
Requests for additional information or
copies of the form should be directed to
Christina Leeper, at (737) 800–7737 or
Internal Revenue Service, Room 6526,
1111 Constitution Avenue NW,
Washington, DC 20224, or through the
internet, at Christina.E.Leeper@irs.gov.
SUPPLEMENTARY INFORMATION:
Title: Consent of Shareholder to
Include Specific Amount in Gross
Income.
OMB Number: 1545–0043.
Form Number: Form 972.
Abstract: Form 972 is used by a
shareholder who agrees to report a
consent dividend as taxable income on
their own tax return. The shareholder
completes the form and sends it to the
corporation that will claim the consent
dividend as a deduction.
Current Actions: There is no change to
the paperwork 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:
100.
Estimated Time per Respondent: 3
hours, 51 minutes.
Estimated Total Annual Burden
Hours: 385.
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
VerDate Sep<11>2014
17:27 Sep 11, 2019
Jkt 247001
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 9, 2019.
Laurie Brimmer,
Senior Tax Analyst.
[FR Doc. 2019–19747 Filed 9–11–19; 8:45 am]
BILLING CODE 4830–01–P
DEPARTMENT OF THE TREASURY
Internal Revenue Service
Proposed Collection; Comment
Request for T.D. 8649.
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 information
collections, as required by the
Paperwork Reduction Act of 1995. The
IRS is soliciting comments concerning
netting rule for certain conversion
transactions.
DATES: Written comments should be
received on or before November 12,
2019 to be assured of consideration.
ADDRESSES: Direct all written comments
to L. Brimmer, Internal Revenue
Service, Room 6526, 1111 Constitution
Avenue NW, Washington, DC 20224.
FOR FURTHER INFORMATION CONTACT:
Requests for additional information or
copies of the information collection
should be directed to Sara Covington,
(202)317–6038, at Internal Revenue
Service, Room 6526, 1111 Constitution
Avenue NW, Washington, DC 20224, or
through the internet, at
Sara.L.Covington@irs.gov.
SUPPLEMENTARY INFORMATION:
SUMMARY:
PO 00000
Frm 00116
Fmt 4703
Sfmt 4703
Title: Regulations Under Section 1258
of the Internal Revenue Code of 1986;
Netting Rule for Certain Conversion
Transactions.
OMB Number: 1545–1452.
Regulation Project Number: TD 8649.
Abstract: Internal Revenue Code
section 1258 recharacterizes capital
gains from conversion transactions as
ordinary income to the extent of the
time value element. The regulation
provides that certain gains and losses
may be netted for purposes of
determining the amount of gain
recharacterized. To be eligible for
netting relief, the taxpayer must identify
on its books and records all the
positions that are part of the conversion
transaction. This must be done before
the close of the day on which the
positions become part of the conversion
transaction.
Current Actions: There is no change to
this existing regulation.
Type of Review: Extension of a
currently approved collection.
Affected Public: Business or other forprofit organizations, and not-for-profit
institutions.
Estimated Number of Respondents:
50,000.
Estimated Time per Respondent: 6
minutes.
Estimated Total Annual Burden
Hours: 5,000.
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
E:\FR\FM\12SEN1.SGM
12SEN1
Federal Register / Vol. 84, No. 177 / Thursday, September 12, 2019 / Notices
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 9, 2019.
Laurie Brimmer,
Senior Tax Analyst.
[FR Doc. 2019–19743 Filed 9–11–19; 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 excise taxes on excess
inclusions of REMIC residual interests.
DATES: Written comments should be
received on or before November 12,
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: Excise Taxes on Excess
Inclusions of REMIC Residual Interests.
OMB Number: 1545–1379.
Form Number: 8831.
Abstract: Taxpayers use Form 8831 to
report and pay excise tax on any transfer
of a residual interest in a REMIC to a
disqualified organization, the amount
due if the tax is waived, and the excise
tax due on pass-through entities with
interests held by disqualified
organizations.
Current Actions: There are no changes
being made to the form at this time.
Type of Review: Extension of a
currently approved collection.
Affected Public: Business or other forprofit organizations.
jbell on DSK3GLQ082PROD with NOTICES
SUMMARY:
VerDate Sep<11>2014
17:27 Sep 11, 2019
Jkt 247001
Estimated Number of Respondents:
31.
Estimated Time per Respondent: 7
hours, 39 minutes.
Estimated Total Annual Burden
Hours: 237 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: September 9, 2019.
Laurie Brimmer,
Senior Tax Analyst.
[FR Doc. 2019–19802 Filed 9–11–19; 8:45 am]
BILLING CODE 4830–01–P
DEPARTMENT OF THE TREASURY
Internal Revenue Service
Proposed Collection; Comment
Request for Regulation and 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
SUMMARY:
PO 00000
Frm 00117
Fmt 4703
Sfmt 4703
48217
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 applications and renewal of
enrollment for those who are seeking
actuary status under ERISA, and
regulations governing the performance
of actuarial services under the employee
retirement income security act of 1972.
DATES: Written comments should be
received on or before November 12,
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: Application for Enrollment,
Application for Renewal of Enrollment,
and Regulations Governing the
Performance of Actuarial Services
Under the Employee Retirement Income
Security Act of 1972.
OMB Number: 1545–0951.
Form and Regulation Number: 5434,
5434–A, and TD 9517/REG–159704–03.
Abstract: Form 5434 is used to apply
for enrollment to perform actuarial
services under the Employee Retirement
income Security Act of 1974 (ERISA).
Form 5434–A is used to renew
enrollment every three years to perform
actuarial services under (ERISA). The
information is used by the Joint Board
for the Enrollment of Actuaries to
determine the eligibility of the applicant
to perform actuarial services. The
regulations require that records be kept
that verify satisfaction of requirements,
and certificates of completion education
requirements.
Current Actions: There are no changes
to the forms or regulations at his time.
However, the agency is updating the
number of respondents based on its
most recent filing data.
Type of Review: Revision of a
currently approved collection.
Affected Public: Individuals and
households.
Form 5434
Estimated Number of Respondents:
400.
Estimated Time per Respondent: 1
hour.
Estimated Annual burden hours: 400.
E:\FR\FM\12SEN1.SGM
12SEN1
]]>Agencies
[Federal Register Volume 84, Number 177 (Thursday, September 12, 2019)]
[Notices]
[Pages 48216-48217]
From the Federal Register Online via the Government Publishing Office [www.gpo.gov]
[FR Doc No: 2019-19743]
-----------------------------------------------------------------------
DEPARTMENT OF THE TREASURY
Internal Revenue Service
Proposed Collection; Comment Request for T.D. 8649.
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
information collections, as required by the Paperwork Reduction Act of
1995. The IRS is soliciting comments concerning netting rule for
certain conversion transactions.
DATES: Written comments should be received on or before November 12,
2019 to be assured of consideration.
ADDRESSES: Direct all written comments to L. Brimmer, Internal Revenue
Service, Room 6526, 1111 Constitution Avenue NW, Washington, DC 20224.
FOR FURTHER INFORMATION CONTACT: Requests for additional information or
copies of the information collection should be directed to Sara
Covington, (202)317-6038, at Internal Revenue Service, Room 6526, 1111
Constitution Avenue NW, Washington, DC 20224, or through the internet,
at [email protected].
SUPPLEMENTARY INFORMATION:
Title: Regulations Under Section 1258 of the Internal Revenue Code
of 1986; Netting Rule for Certain Conversion Transactions.
OMB Number: 1545-1452.
Regulation Project Number: TD 8649.
Abstract: Internal Revenue Code section 1258 recharacterizes
capital gains from conversion transactions as ordinary income to the
extent of the time value element. The regulation provides that certain
gains and losses may be netted for purposes of determining the amount
of gain recharacterized. To be eligible for netting relief, the
taxpayer must identify on its books and records all the positions that
are part of the conversion transaction. This must be done before the
close of the day on which the positions become part of the conversion
transaction.
Current Actions: There is no change to this existing regulation.
Type of Review: Extension of a currently approved collection.
Affected Public: Business or other for-profit organizations, and
not-for-profit institutions.
Estimated Number of Respondents: 50,000.
Estimated Time per Respondent: 6 minutes.
Estimated Total Annual Burden Hours: 5,000.
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
[[Page 48217]]
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 9, 2019.
Laurie Brimmer,
Senior Tax Analyst.
[FR Doc. 2019-19743 Filed 9-11-19; 8:45 am]
BILLING CODE 4830-01-P
