Proposed Collection; Comment Request for Forms 706 and Schedule R-1 (Form 706), 43943-43944 [2020-15584]
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Federal Register / Vol. 85, No. 139 / Monday, July 20, 2020 / Notices
(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: July 7, 2020.
Chakinna B. Clemons,
Supervisory Tax Analyst.
Form 2848
[FR Doc. 2020–15572 Filed 7–17–20; 8:45 am]
DEPARTMENT OF THE TREASURY
Internal Revenue Service
Proposed Collection; Comment
Request Concerning Representation of
Taxpayers Before the Internal Revenue
Service
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 representation of taxpayers
before the Internal Revenue Service.
DATES: Written comments should be
received on or before September 18,
2020 to be assured of consideration.
ADDRESSES: Direct all written comments
to Chakinna B. Clemons, 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
Kerry Dennis, at (202) 317–5751 or
Internal Revenue Service, Room 6526,
1111 Constitution Avenue NW,
Washington, DC 20224, or through the
internet, at Kerry.Dennis@irs.gov.
SUPPLEMENTARY INFORMATION:
Title: Representation of taxpayers
before the Internal Revenue Service.
SUMMARY:
18:30 Jul 17, 2020
Jkt 250001
Form 2848 (SP)
Estimated Number of Respondents:
80,000.
Estimated Time per Respondent: 2.26
hours.
Estimated Total Annual Burden
Hours: 180,800 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
PO 00000
Frm 00138
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: July 14, 2020.
Chakinna B. Clemons,
Supervisory Tax Analyst.
[FR Doc. 2020–15573 Filed 7–17–20; 8:45 am]
BILLING CODE 4830–01–P
DEPARTMENT OF THE TREASURY
Internal Revenue Service
Proposed Collection; Comment
Request for Forms 706 and Schedule
R–1 (Form 706)
Internal Revenue Service (IRS),
Treasury.
ACTION: Notice and request for
comments.
AGENCY:
Estimated Number of Respondents:
458,333.
Estimated Time per Respondent: 1.99
hours.
Estimated Total Annual Burden
Hours: 912,083 hours.
BILLING CODE 4830–01–P
VerDate Sep<11>2014
OMB Number: 1545–0150.
Form Number: 2848 and 2848 (SP).
Abstract: Form 2848 or Form
2848(SP) is issued to authorize someone
to act for the taxpayer in tax matters. It
grants all powers that the taxpayer has
except signing a return and cashing
refund checks. The information on the
form is used to identify representatives
and to ensure that confidential
information is not divulged to
unauthorized persons.
Current Actions: There are no changes
being made to the forms at this time.
Type of Review: Extension of a
currently approved collection.
Affected Public: Individuals or
households, business or other for-profit
organizations, not-for-profit institutions,
and farms.
43943
Fmt 4703
Sfmt 4703
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. The
IRS is soliciting comments concerning
Form 706, United States Estate (and
Generation-Skipping Transfer) Tax
Return and Schedule R–1 (Form 706),
Generation-Skipping Transfer Tax.
DATES: Written comments should be
received on or before September 18,
2020 to be assured of consideration.
ADDRESSES: Direct all written comments
to Paul Adams, 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 Sara Covington,
(202) 317–6038, at Internal Revenue
Service, Room 6526, 1111 Constitution
Avenue NW, Washington, DC 20224, or
the internet at Sara.L.Covington@irs.gov.
SUPPLEMENTARY INFORMATION:
Title: United States Estate (and
Generation-Skipping Transfer) Tax
Return.
OMB Number: 1545–0015.
Forms Number: 706 and Schedule R–
1 (Form 706).
Abstract: Form 706 is used by
executors to report and compute the
Federal estate tax imposed by Internal
Revenue Code section 2001 and the
Federal generation-skipping transfer
(GST) tax imposed by Code section
SUMMARY:
E:\FR\FM\20JYN1.SGM
20JYN1
43944
Federal Register / Vol. 85, No. 139 / Monday, July 20, 2020 / Notices
2601. The IRS uses the information on
the form to enforce the estate and GST
tax provisions of the Code and to verify
that the taxes have been properly
computed. Schedule R–1 (Form 706)
serves as a payment voucher for the
Generation-Skipping Transfer (GST)tax
imposed on a direct skip from a trust,
which the trustee of the trust, must pay.
Current Actions: Prior to this revision,
Schedule R–1 and its instructions were
embedded in Form 706. However,
Schedule R–1 and its instructions were
removed, to create a separate hybrid
form for Schedule R–1 and its
instructions. There are changes in the
paperwork burden previously approved
by OMB, due to the reduction in filers
based on the most recent filing data.
Type of Review: Revision of a
currently approved collection.
Affected Public: Individuals or
households and business or other forprofit organizations.
Estimated Number of Responses:
30,729.
Estimated Time per Respondents:
36.50.
Estimated Total Annual Burden
Hours: 1,121,903.
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.
VerDate Sep<11>2014
18:30 Jul 17, 2020
Jkt 250001
Approved: July 14, 2020.
Sara L. Covington,
IRS Tax Analyst.
[FR Doc. 2020–15584 Filed 7–17–20; 8:45 am]
BILLING CODE 4830–01–P
DEPARTMENT OF THE TREASURY
Office of The Secretary
List of Countries Requiring
Cooperation With an International
Boycott
In accordance with section 999(a)(3)
of the Internal Revenue Code of 1986,
the Department of the Treasury is
publishing a current list of countries
which require or may require
participation in, or cooperation with, an
international boycott (within the
meaning of section 999(b)(3) of the
Internal Revenue Code of 1986).
On the basis of the best information
currently available to the Department of
the Treasury, the following countries
require or may require participation in,
or cooperation with, an international
boycott (within the meaning of section
999(b)(3) of the Internal Revenue Code
of 1986).
Iraq
Kuwait
Lebanon
Libya
Qatar
Saudi Arabia
Syria
United Arab Emirates
Yemen
Douglas Poms,
International Tax Counsel, Tax Policy.
[FR Doc. 2020–15621 Filed 7–17–20; 8:45 am]
BILLING CODE 4810–25–P
DEPARTMENT OF THE TREASURY
Debt Management Advisory Committee
Meeting
Notice is hereby given, pursuant to 5
U.S.C. App. 2, § 10(a)(2), that a meeting
will take place via conference call on
Tuesday, August 4, 2020 at 12:00 p.m.
of the following debt management
advisory committee: Treasury
Borrowing Advisory Committee of the
Securities Industry and Financial
Markets Association.
At this meeting, the Treasury is
seeking advice from the Committee on
topics related to the economy, financial
markets, Treasury financing, and debt
management. Following the working
session, the Committee will present a
written report of its recommendations.
The meeting will be closed to the
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Frm 00139
Fmt 4703
Sfmt 9990
public, pursuant to 5 U.S.C. App. 2,
§ 10(d) and Public Law 103–202,
202(c)(1)(B) (31 U.S.C. 3121 note).
This notice shall constitute my
determination, pursuant to the authority
placed in heads of agencies by 5 U.S.C.
App. 2, 10(d) and vested in me by
Treasury Department Order No. 101–05,
that the meeting will consist of
discussions and debates of the issues
presented to the Committee by the
Secretary of the Treasury and the
making of recommendations of the
Committee to the Secretary, pursuant to
Public Law 103–202, 202(c)(1)(B).
Thus, this information is exempt from
disclosure under that provision and 5
U.S.C. 552b(c)(3)(B). In addition, the
meeting is concerned with information
that is exempt from disclosure under 5
U.S.C. 552b(c)(9)(A). The public interest
requires that such meetings be closed to
the public because the Treasury
Department requires frank and full
advice from representatives of the
financial community prior to making its
final decisions on major financing
operations. Historically, this advice has
been offered by debt management
advisory committees established by the
several major segments of the financial
community. When so utilized, such a
committee is recognized to be an
advisory committee under 5 U.S.C. App.
2, § 3.
Although the Treasury’s final
announcement of financing plans may
not reflect the recommendations
provided in reports of the Committee,
premature disclosure of the Committee’s
deliberations and reports would be
likely to lead to significant financial
speculation in the securities market.
Thus, this meeting falls within the
exemption covered by 5 U.S.C.
552b(c)(9)(A).
The Office of Debt Management is
responsible for maintaining records of
debt management advisory committee
meetings and for providing annual
reports setting forth a summary of
Committee activities and such other
matters as may be informative to the
public consistent with the policy of 5
U.S.C. 552(b). The Designated Federal
Officer or other responsible agency
official who may be contacted for
additional information is Fred
Pietrangeli, Director for Office of Debt
Management (202) 622–1876.
Dated: July 14, 2020.
Frederick E. Pietrangeli,
Director (for Office of Debt Management).
[FR Doc. 2020–15578 Filed 7–17–20; 8:45 am]
BILLING CODE 4810–25–P
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]]>Agencies
[Federal Register Volume 85, Number 139 (Monday, July 20, 2020)]
[Notices]
[Pages 43943-43944]
From the Federal Register Online via the Government Publishing Office [www.gpo.gov]
[FR Doc No: 2020-15584]
-----------------------------------------------------------------------
DEPARTMENT OF THE TREASURY
Internal Revenue Service
Proposed Collection; Comment Request for Forms 706 and Schedule
R-1 (Form 706)
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. The IRS is soliciting comments
concerning Form 706, United States Estate (and Generation-Skipping
Transfer) Tax Return and Schedule R-1 (Form 706), Generation-Skipping
Transfer Tax.
DATES: Written comments should be received on or before September 18,
2020 to be assured of consideration.
ADDRESSES: Direct all written comments to Paul Adams, 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 Sara
Covington, (202) 317-6038, at Internal Revenue Service, Room 6526, 1111
Constitution Avenue NW, Washington, DC 20224, or the internet at
[email protected].
SUPPLEMENTARY INFORMATION:
Title: United States Estate (and Generation-Skipping Transfer) Tax
Return.
OMB Number: 1545-0015.
Forms Number: 706 and Schedule R-1 (Form 706).
Abstract: Form 706 is used by executors to report and compute the
Federal estate tax imposed by Internal Revenue Code section 2001 and
the Federal generation-skipping transfer (GST) tax imposed by Code
section
[[Page 43944]]
2601. The IRS uses the information on the form to enforce the estate
and GST tax provisions of the Code and to verify that the taxes have
been properly computed. Schedule R-1 (Form 706) serves as a payment
voucher for the Generation-Skipping Transfer (GST)tax imposed on a
direct skip from a trust, which the trustee of the trust, must pay.
Current Actions: Prior to this revision, Schedule R-1 and its
instructions were embedded in Form 706. However, Schedule R-1 and its
instructions were removed, to create a separate hybrid form for
Schedule R-1 and its instructions. There are changes in the paperwork
burden previously approved by OMB, due to the reduction in filers based
on the most recent filing data.
Type of Review: Revision of a currently approved collection.
Affected Public: Individuals or households and business or other
for-profit organizations.
Estimated Number of Responses: 30,729.
Estimated Time per Respondents: 36.50.
Estimated Total Annual Burden Hours: 1,121,903.
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: July 14, 2020.
Sara L. Covington,
IRS Tax Analyst.
[FR Doc. 2020-15584 Filed 7-17-20; 8:45 am]
BILLING CODE 4830-01-P
