Proposed Collection; Comment Request Concerning Depreciation and Amortization, 21507-21508 [2020-08131]

Download as PDF Federal Register / Vol. 85, No. 75 / Friday, April 17, 2020 / Notices NHTSA has also determined that any RI who imports or modifies one of these vehicles must include in the statement of conformity and associated documents (referred to as a ‘‘conformity package’’) it submits to NHTSA under 49 CFR 592.6(d) additional specific proof to confirm that the vehicle was manufactured to conform to, or was successfully altered to conform to, FMVSS No. 138, Tire Pressure Monitoring Systems, and FMVSS No. 208, Occupant Protection. This proof must include detailed descriptions of all modifications made to achieve conformity with those standards, including a detailed description of systems in place (if any) on the vehicle at the time it was delivered to the RI and a similarly detailed description of the systems in place after the vehicle is altered, including photographs of all required labeling. The description must also include parts assembly diagrams and associated part numbers for all components that were removed from or installed on the vehicle, a description of bow any computer programming changes were completed, and a description of bow compliance was verified after alterations were completed. Photographs (e.g., monitor print screen captures) or report printouts, as practicable, must be submitted as proof that any computer reprogramming was carried out successfully. In addition to the information specified above, each conformity package must also include evidence showing how the RI verified that any changes it made in loading or reprograming vehicle software to achieve conformity with each separate FMVSS did not cause the vehicle to fall out of compliance with any other applicable FMVSS. jbell on DSKJLSW7X2PROD with NOTICES Decision Accordingly, on the basis of the foregoing, NHTSA hereby decides that MY 2014 Ferrari LaFerrari PCs that were not originally manufactured to comply with all applicable FMVSS are substantially similar to 2014 Ferrari LaFerrari PCs manufactured for importation into and/or sale in the United States, and certified under 49 U.S.C. 30115, are capable of being altered to conform to all applicable FMVSS. Vehicle Eligibility Number for Subject Vehicles The importer of a vehicle admissible under any final decision must indicate on the form HS–7 accompanying entry the appropriate vehicle eligibility number indicating that the vehicle is VerDate Sep<11>2014 18:19 Apr 16, 2020 Jkt 250001 eligible for entry. VSP–609 is the vehicle eligibility number assigned to MY 2014 Ferrari LaFerrari PCs admissible under this notice of final decision. Authority: (49 U.S.C. 30141(a)(l)(A), (a)(l)(B), and (b)(l); 49 CFR 593.7; delegation of authority at 49 CFR 1.95 and 501.8) Otto G. Matheke III, Director, Office of Vehicle Safety Compliance. [FR Doc. 2020–08149 Filed 4–16–20; 8:45 am] BILLING CODE 4910–59–P DEPARTMENT OF THE TREASURY Internal Revenue Service Proposed Collection; Comment Request Concerning Probable or Prospective Reserves Safe Harbor 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 probable or prospective reserves safe harbor. DATES: Written comments should be received on or before June 16, 2020 to be assured of consideration. ADDRESSES: Direct all written comments to Ronald J. Durbala, 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: Probable or Prospective Reserves Safe Harbor. OMB Number: 1545–1861. Revenue Procedure: 2004–19. Abstract: Revenue Procedure 2004–19 requires a taxpayer to file an election statement with the Service if the taxpayer wants to use the safe harbor to estimate the taxpayers’ oil and gas properties’ probable or prospective reserves for purposes of computing cost depletion under § 611 of the Internal Revenue Code. SUMMARY: PO 00000 Frm 00122 Fmt 4703 Sfmt 4703 21507 Current Actions: There are no changes being made to the revenue procedure at this time. Type of Review: Extension of a currently approved collection. Affected Public: Business or other forprofit organization. Estimated Number of Respondents: 100. Estimated Time per Respondent: 30 minutes. Estimated Total Annual Burden Hours: 50 hours. 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. 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: April 13, 2020. Ronald J. Durbala, IRS Tax Analyst. [FR Doc. 2020–08129 Filed 4–16–20; 8:45 am] BILLING CODE 4830–01–P DEPARTMENT OF THE TREASURY Internal Revenue Service Proposed Collection; Comment Request Concerning Depreciation and Amortization Internal Revenue Service (IRS), Treasury. AGENCY: E:\FR\FM\17APN1.SGM 17APN1 21508 Federal Register / Vol. 85, No. 75 / Friday, April 17, 2020 / Notices Notice and request for comments. ACTION: 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 depreciation and amortization (including information on listed property). DATES: Written comments should be received on or before June 16, 2020 to be assured of consideration. ADDRESSES: Direct all written comments to Ronald J. Durbala, 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: Depreciation and Amortization (including Information on Listed Property). OMB Number: 1545–0172. Form Number: 4562. Abstract: Form 4562 is used to claim a deduction for depreciation and amortization; to make the election to expense certain tangible property under Internal Revenue Code section 179; and to provide information on the business/ investment use of automobiles and other listed property. The form provides the IRS with the information necessary to determine that the correct depreciation deduction is being claimed. 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 organization. Estimated Number of Respondents: 12,313,626. Estimated Time Per Respondent: 36.41 hours. Estimated Total Annual Burden Hours: 448,368,447 hours. 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 jbell on DSKJLSW7X2PROD with NOTICES SUMMARY: 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. 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: April 10, 2020. Ronald J. Durbala, IRS Tax Analyst. [FR Doc. 2020–08131 Filed 4–16–20; 8:45 am] BILLING CODE 4830–01–P DEPARTMENT OF THE TREASURY Coronavirus Relief Fund for States, Tribal Governments, and Certain Eligible Local Governments AGENCY: ACTION: Department of the Treasury. Notification. governments must submit in order to receive payments from Treasury. FOR FURTHER INFORMATION CONTACT: Jackson Miles, Special Assistant, Office of the Chief of Staff, at (202) 875–4703. On March 27, 2020, the President signed into law the Coronavirus Aid, Relief, and Economic Security Act (CARES Act), Public Law 116–136. Section 601(a)(1) of the Social Security Act as added by section 5001 of the CARES Act provides $150 billion for Treasury to make payments to States (defined to include the District of Columbia, Puerto Rico, the United States Virgin Islands, Guam, the Commonwealth of the Northern Mariana Islands, and American Samoa), Tribal governments, and certain eligible local governments with more than 500,000 residents. Section 601(d) of the Social Security Act, as added by section 5001 of the CARES Act, requires that States, Tribal governments, or units of local government use the funds received to cover only those costs that (1) are necessary expenditures incurred due to the public health emergency with respect to the Coronavirus Disease 2019 (COVID–19); (2) were not accounted for in the budget most recently approved as of March 27, 2020, for the State or government; and (3) were incurred during the period that begins on March 1, 2020, and ends on December 30, 2020. More information is available on https://home.treasury.gov/policy-issues/ cares/state-and-local-governments. SUPPLEMENTARY INFORMATION: Dated: April 13, 2020. Daniel Kowalski, Counselor to the Secretary, U.S. Department of the Treasury. [FR Doc. 2020–08108 Filed 4–16–20; 8:45 am] BILLING CODE P DEPARTMENT OF THE TREASURY United States Mint This notification announces that information about the Coronavirus Relief Fund for States, Tribal governments, and certain eligible local governments is available on the U.S. Department of the Treasury (Treasury) website, https://home.treasury.gov/ policy-issues/cares/state-and-localgovernments, including instructions for submitting payment information and the form of certification that certain eligible local governments and Tribal SUMMARY: Establish Price Increases for 2020 United States Mint Numismatic Products United States Mint, Department of the Treasury. AGENCY: ACTION: Notice. The United States Mint is announcing pricing for United States Mint numismatic products in accordance with the table below: SUMMARY: Product 2020 Retail Price 2020 United States Mint American InnovationTM Four-Coin Proof Set .............................................................................. 2020 Native American $1 Coin & Currency Set ................................................................................................................. 2020 United States Mint Limited Edition Silver Proof Set TM .............................................................................................. VerDate Sep<11>2014 18:19 Apr 16, 2020 Jkt 250001 PO 00000 Frm 00123 Fmt 4703 Sfmt 4703 E:\FR\FM\17APN1.SGM 17APN1 $24.00 34.50 170.00

Agencies

[Federal Register Volume 85, Number 75 (Friday, April 17, 2020)]
[Notices]
[Pages 21507-21508]
From the Federal Register Online via the Government Publishing Office [www.gpo.gov]
[FR Doc No: 2020-08131]


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DEPARTMENT OF THE TREASURY

Internal Revenue Service


Proposed Collection; Comment Request Concerning Depreciation and 
Amortization

AGENCY: Internal Revenue Service (IRS), Treasury.

[[Page 21508]]


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 
depreciation and amortization (including information on listed 
property).

DATES: Written comments should be received on or before June 16, 2020 
to be assured of consideration.

ADDRESSES: Direct all written comments to Ronald J. Durbala, 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: Depreciation and Amortization (including Information on 
Listed Property).
    OMB Number: 1545-0172.
    Form Number: 4562.
    Abstract: Form 4562 is used to claim a deduction for depreciation 
and amortization; to make the election to expense certain tangible 
property under Internal Revenue Code section 179; and to provide 
information on the business/investment use of automobiles and other 
listed property. The form provides the IRS with the information 
necessary to determine that the correct depreciation deduction is being 
claimed.
    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 for-profit organization.
    Estimated Number of Respondents: 12,313,626.
    Estimated Time Per Respondent: 36.41 hours.
    Estimated Total Annual Burden Hours: 448,368,447 hours.
    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.
    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: April 10, 2020.
Ronald J. Durbala,
IRS Tax Analyst.
[FR Doc. 2020-08131 Filed 4-16-20; 8:45 am]
BILLING CODE 4830-01-P


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