Proposed Collection; Comment Request, 4357-4358 [2020-01175]
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lotter on DSKBCFDHB2PROD with NOTICES
Federal Register / Vol. 85, No. 16 / Friday, January 24, 2020 / Notices
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 TD 8584,
capitalization of interest.
DATES: Written comments should be
received on or before March 24, 2020 to
be assured of consideration.
ADDRESSES: Direct all written comments
to Dr. Philippe Thomas, 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 LaNita Van Dyke
(202) 317–6009, or at Internal Revenue
Service, Room 6526, 1111 Constitution
Avenue NW, Washington, DC 20224, or
through the internet, at
Lanita.VanDyke@irs.gov.
SUPPLEMENTARY INFORMATION:
Title: Capitalization of Interest.
OMB Number: 1545–1265.
Regulation Project Number: TD 8584.
Abstract: Internal Revenue Code
section 263A(f) requires taxpayers to
estimate the length of the production
period and total cost of tangible
personal property to determine if
Interest capitalization is required. This
regulation requires taxpayers to
maintain contemporaneous written
records of production period estimates,
to file a ruling request to segregate
activities in applying the interest
capitalization rules, and to request the
consent of the Commissioner to change
their methods of accounting for the
capitalization of interest.
Current Actions: There is no change to
this existing regulation.
Type of Review: Extension of a
currently approved approval.
Affected Public: Individuals or
households, and business or other forprofit organizations.
Estimated Number of Respondents:
500,050.
Estimated Time per Respondent: 14
Minutes.
Estimated Total Annual Burden
Hours: 116,767 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
VerDate Sep<11>2014
17:03 Jan 23, 2020
Jkt 250001
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: January 15, 2020.
Philippe Thomas,
Supervisory Tax Analyst.
[FR Doc. 2020–01176 Filed 1–23–20; 8:45 am]
BILLING CODE 4830–01–P
DEPARTMENT OF THE TREASURY
Internal Revenue Service
Proposed Collection; Comment
Request
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 proposed
and/or continuing information
collections, as required by the
Paperwork Reduction Act of 1995.
Currently, the IRS is soliciting
comments concerning the Tip Reporting
Alternative Commitment Agreement
(TRAC) for Use in the Food and
Beverage Industry; the Tip Rate
Determination Agreement (TRDA) for
industries other than the food and
beverage industry and the gaming
industry.
SUMMARY:
Written comments should be
received on or before March 24, 2020 to
be assured of consideration.
DATES:
PO 00000
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Fmt 4703
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4357
Direct all written comments
to Dr. Philippe Thomas, Internal
Revenue Service, Room 6526, 1111
Constitution Avenue NW, Washington,
DC 20224.
FOR FURTHER INFORMATION CONTACT:
Requests for additional information or
copies of the collection tools should be
directed to LaNita Van Dyke, Internal
Revenue Service, Room 6526, 1111
Constitution Avenue NW, Washington,
DC 20224, or through the internet at
LaNita.VanDyke@irs.gov.
SUPPLEMENTARY INFORMATION: Currently,
the IRS is seeking comments concerning
the following information collection
tools, reporting, and record-keeping
requirements:
Title: Tip Reporting Alternative
Commitment Agreement (TRAC) for Use
in the Food and Beverage Industry.
OMB Number: 1545–1549.
Form Number: N/A.
Abstract: Announcement 2000–22,
2000–19 I.R.B. 987, and Announcement
2001–1, #2001–2 I.R.B. p.277, contain
Information required by the Internal
Revenue Service in its compliance
efforts to assist employers and their
employees in understanding and
complying with Internal Revenue Code
section 6053(a), which requires
employees to report all their tips
monthly to their employers.
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: Business or other forprofit organizations.
Estimated Number of Respondents:
41,800.
Estimated Time per Respondent: 7
hrs., 6 min.
Estimated Total Annual Burden
Hours: 296,916.
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.
ADDRESSES:
E:\FR\FM\24JAN1.SGM
24JAN1
4358
Federal Register / Vol. 85, No. 16 / Friday, January 24, 2020 / Notices
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: January 15, 2020.
Philippe Thomas,
Supervisory Tax Analyst.
[FR Doc. 2020–01175 Filed 1–23–20; 8:45 am]
BILLING CODE 4830–01–P
DEPARTMENT OF THE TREASURY
Internal Revenue Service
Proposed Collection; Comment
Request for Form 1098–E
Internal Revenue Service (IRS),
Treasury.
ACTION: Notice and request for
comments.
AGENCY:
The Internal Revenue Service
(IRS), 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
Student Loan Interest Statement.
DATES: Written comments should be
received on or before March 24, 2020 to
be assured of consideration.
ADDRESSES: Direct all written comments
to Dr. Philippe Thomas, 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 and instructions
should be directed to Martha R. Brinson,
at (202) 317–5753, or at Internal
Revenue Service, Room 6526, 1111
Constitution Avenue NW, Washington,
DC 20224, or through the internet at
Martha.R.Brinson@irs.gov.
SUPPLEMENTARY INFORMATION:
Title: Student Loan Interest
Statement.
lotter on DSKBCFDHB2PROD with NOTICES
SUMMARY:
VerDate Sep<11>2014
17:03 Jan 23, 2020
Jkt 250001
OMB Number: 1545–1576.
Form Number: 1098–E.
Abstract: Section 6050S(b)(2) of the
Internal Revenue Code requires persons
(financial institutions, governmental
units, etc.) to report $600 or more of
interest paid on student loans to the IRS
and the students. Form 1098–E is used
for this purpose.
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, not-for-profit
institutions, and State, local or tribal
governments.
Estimated Number of Respondents:
22,148,234.
Estimated Time per Respondent: 7
mins.
Estimated Total Annual Burden
Hours: 2,657,789.
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 Comment: 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: January 14, 2020.
Philippe Thomas,
Supervisory Tax Analyst.
[FR Doc. 2020–01174 Filed 1–23–20; 8:45 am]
BILLING CODE 4830–01–P
PO 00000
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Fmt 4703
Sfmt 4703
DEPARTMENT OF VETERANS
AFFAIRS
[OMB Control No. 2900–0020]
Agency Information Collection
Activity: Designation of Beneficiary
Government Life Insurance and
Supplemental Designation of
Beneficiary Government Life Insurance
Veterans Benefits
Administration, Department of Veterans
Affairs.
ACTION: Notice.
AGENCY:
Veterans Benefits
Administration, Department of Veterans
Affairs (VA), is announcing an
opportunity for public comment on the
proposed collection of certain
information by the agency. Under the
Paperwork Reduction Act (PRA) of
1995, Federal agencies are required to
publish notice in the Federal Register
concerning each proposed collection of
information, including each proposed
revision of a currently approved
collection, and allow 60 days for public
comment in response to the notice.
DATES: Written comments and
recommendations on the proposed
collection of information should be
received on or before March 24, 2020.
ADDRESSES: Submit written comments
on the collection of information through
Federal Docket Management System
(FDMS) at www.Regulations.gov or to
Nancy J. Kessinger, Veterans Benefits
Administrations (20M33), Department
of Veterans Affairs, 810 Vermont
Avenue NW, Washington, DC 20420 or
email to nancy.kessinger@va.gov. Please
refer to ‘‘OMB Control No. 2900–0020’’
in any correspondence. During the
comment period, comments may be
viewed online through FDMS.
FOR FURTHER INFORMATION CONTACT:
Danny S. Green at (202) 421–1354.
SUPPLEMENTARY INFORMATION: Under the
PRA of 1995, Federal agencies must
obtain approval from the Office of
Management and Budget (OMB) for each
collection of information they conduct
or sponsor. This request for comment is
being made pursuant to Section
3506(c)(2)(A) of the PRA. With respect
to the following collection of
information, VBA invites comments on:
(1) Whether the proposed collection of
information is necessary for the proper
performance of VBA’s functions,
including whether the information will
have practical utility; (2) the accuracy of
VBA’s estimate of the burden of the
proposed collection of information; (3)
ways to enhance the quality, utility, and
clarity of the information to be
collected; and (4) ways to minimize the
SUMMARY:
E:\FR\FM\24JAN1.SGM
24JAN1
]]>Agencies
[Federal Register Volume 85, Number 16 (Friday, January 24, 2020)]
[Notices]
[Pages 4357-4358]
From the Federal Register Online via the Government Publishing Office [www.gpo.gov]
[FR Doc No: 2020-01175]
-----------------------------------------------------------------------
DEPARTMENT OF THE TREASURY
Internal Revenue Service
Proposed Collection; Comment Request
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
proposed and/or continuing information collections, as required by the
Paperwork Reduction Act of 1995. Currently, the IRS is soliciting
comments concerning the Tip Reporting Alternative Commitment Agreement
(TRAC) for Use in the Food and Beverage Industry; the Tip Rate
Determination Agreement (TRDA) for industries other than the food and
beverage industry and the gaming industry.
DATES: Written comments should be received on or before March 24, 2020
to be assured of consideration.
ADDRESSES: Direct all written comments to Dr. Philippe Thomas, Internal
Revenue Service, Room 6526, 1111 Constitution Avenue NW, Washington, DC
20224.
FOR FURTHER INFORMATION CONTACT: Requests for additional information or
copies of the collection tools should be directed to LaNita Van Dyke,
Internal Revenue Service, Room 6526, 1111 Constitution Avenue NW,
Washington, DC 20224, or through the internet at
[email protected].
SUPPLEMENTARY INFORMATION: Currently, the IRS is seeking comments
concerning the following information collection tools, reporting, and
record-keeping requirements:
Title: Tip Reporting Alternative Commitment Agreement (TRAC) for
Use in the Food and Beverage Industry.
OMB Number: 1545-1549.
Form Number: N/A.
Abstract: Announcement 2000-22, 2000-19 I.R.B. 987, and
Announcement 2001-1, #2001-2 I.R.B. p.277, contain Information required
by the Internal Revenue Service in its compliance efforts to assist
employers and their employees in understanding and complying with
Internal Revenue Code section 6053(a), which requires employees to
report all their tips monthly to their employers.
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: Business or other for-profit organizations.
Estimated Number of Respondents: 41,800.
Estimated Time per Respondent: 7 hrs., 6 min.
Estimated Total Annual Burden Hours: 296,916.
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.
[[Page 4358]]
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: January 15, 2020.
Philippe Thomas,
Supervisory Tax Analyst.
[FR Doc. 2020-01175 Filed 1-23-20; 8:45 am]
BILLING CODE 4830-01-P
