List of Countries Requiring Cooperation With an International Boycott, 43944 [2020-15621]
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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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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]
[Page 43944]
From the Federal Register Online via the Government Publishing Office [www.gpo.gov]
[FR Doc No: 2020-15621]
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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