Agency Information Collection Activities; Submission for OMB Review; Comment Request; Internal Revenue Service Request for Section 754 Revocation, 189 [2020-29095]

Download as PDF Federal Register / Vol. 86, No. 1 / Monday, January 4, 2021 / Notices Internal Revenue Service (IRS) [FR Doc. 2020–28363 Filed 12–31–20; 8:45 am] BILLING CODE 4810–AL–C DEPARTMENT OF THE TREASURY Agency Information Collection Activities; Submission for OMB Review; Comment Request; Internal Revenue Service Request for Section 754 Revocation Departmental Offices, Department of the Treasury. AGENCY: ACTION: Notice. The Department of the Treasury will submit the following information collection requests to the Office of Management and Budget (OMB) for review and clearance in accordance with the Paperwork Reduction Act of 1995, on or after the date of publication of this notice. The public is invited to submit comments on these requests. SUMMARY: Comments should be received on or before February 3, 2020 to be assured of consideration. DATES: Written comments and recommendations for the proposed information collection should be sent within 30 days of publication of this notice to www.reginfo.gov/public/do/ PRAMain. Find this particular information collection by selecting ‘‘Currently under 30-day Review—Open for Public Comments’’ or by using the search function. ADDRESSES: Authority: 44 U.S.C. 3501 et seq. FOR FURTHER INFORMATION CONTACT: Copies of the submissions may be obtained from Molly Stasko by emailing PRA@treasury.gov, calling (202) 622– 8922, or viewing the entire information collection request at www.reginfo.gov. SUPPLEMENTARY INFORMATION: VerDate Sep<11>2014 17:28 Dec 31, 2020 Jkt 253001 Title: Request for Section 754 Revocation. OMB Control Number: 1545–NEW. Type of Review: New collection. Description: Section 754 election revocation requests have increased since technical terminations were repealed under Tax Cuts and Jobs Act (TCJA) for tax years beginning after December 31, 2017. The IRS Large Business and International (LB&I) division, in collaboration with the IRS Small Business and Self-Employed (SBSE) division, developed a new form (Form 15254) with instructions for the partnership to use to submit the revocation request. Form 15254— Request for Section 754 Revocation, the data is the same collected on the Form 1065 U.S. Return of Partnership Income and will be used to contact the partnership and make a determination regarding whether the Section 754 revocation request will be approved or denied. Form: IRS Form 15254. Affected Public: Businesses or other for-profit organizations. Estimated Number of Respondents: 50. Frequency of Response: On Occasion. Estimated Total Number of Annual Responses: 50. Estimated Time per Response: 5 hours, 7 minutes. Estimated Total Annual Burden Hours: 256 hours. Dated: December 29, 2020. Molly Stasko, Treasury PRA Clearance Officer. [FR Doc. 2020–29095 Filed 12–31–20; 8:45 am] BILLING CODE 4830–01–P PO 00000 Frm 00141 Fmt 4703 Sfmt 4703 DEPARTMENT OF VETERANS AFFAIRS Veterans and Community Oversight and Engagement Board, Notice of Meeting The Department of Veterans Affairs (VA) gives notice under the Federal Advisory Committee Act, 5 U.S.C. App 2., that the Veterans and Community Oversight and Engagement Board will meet virtually on January 28, 2021. The meeting session will begin and end as follows: Date: January 28, 2021 Time: 3:00 p.m. to 6:00 p.m. EST The meetings are open to the public. Members of the public can attend the meeting via teleconference (800) 767– 1750 access code 94323#. The Board was established by the West Los Angeles Leasing Act of 2016 on September 29, 2016. The purpose of the Board is to provide advice and make recommendations to the Secretary of Veterans Affairs (SECVA) on: Identifying the goals of the community and Veteran partnership; improving services and outcomes for Veterans, members of the Armed Forces, and the families of such Veterans and members; and on the implementation of the Draft Master Plan approved by the Secretary on January 28, 2016, and on the creation and implementation of any successor master plans. On January 28, the agenda will include opening remarks from the Committee Chair and the Executive Sponsor. The Advisory Committee Management Office will present, Federal Advisory Committee Act 101 training. There will be a general update from Veterans Administration Greater Los Angeles Healthcare System (VAGLAHS) on COVID–19 response, Draft Master Plan Timeline Update, preliminary breakdown for the housing planned IAW the Master Plan, and Strategies to overcome CERs Staffing shortage. The West Los Angeles E:\FR\FM\04JAN1.SGM 04JAN1 EN04JA20.002</GPH> Dated: December 18, 2020. Andrea M. Gacki, Director, Office of Foreign Assets Control, U.S. Department of the Treasury. 189

Agencies

[Federal Register Volume 86, Number 1 (Monday, January 4, 2021)]
[Notices]
[Page 189]
From the Federal Register Online via the Government Publishing Office [www.gpo.gov]
[FR Doc No: 2020-29095]


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DEPARTMENT OF THE TREASURY


Agency Information Collection Activities; Submission for OMB 
Review; Comment Request; Internal Revenue Service Request for Section 
754 Revocation

AGENCY: Departmental Offices, Department of the Treasury.

ACTION: Notice.

-----------------------------------------------------------------------

SUMMARY: The Department of the Treasury will submit the following 
information collection requests to the Office of Management and Budget 
(OMB) for review and clearance in accordance with the Paperwork 
Reduction Act of 1995, on or after the date of publication of this 
notice. The public is invited to submit comments on these requests.

DATES: Comments should be received on or before February 3, 2020 to be 
assured of consideration.

ADDRESSES: Written comments and recommendations for the proposed 
information collection should be sent within 30 days of publication of 
this notice to www.reginfo.gov/public/do/PRAMain. Find this particular 
information collection by selecting ``Currently under 30-day Review--
Open for Public Comments'' or by using the search function.

FOR FURTHER INFORMATION CONTACT: Copies of the submissions may be 
obtained from Molly Stasko by emailing [email protected], calling (202) 
622-8922, or viewing the entire information collection request at 
www.reginfo.gov.

SUPPLEMENTARY INFORMATION:

Internal Revenue Service (IRS)

    Title: Request for Section 754 Revocation.
    OMB Control Number: 1545-NEW.
    Type of Review: New collection.
    Description: Section 754 election revocation requests have 
increased since technical terminations were repealed under Tax Cuts and 
Jobs Act (TCJA) for tax years beginning after December 31, 2017. The 
IRS Large Business and International (LB&I) division, in collaboration 
with the IRS Small Business and Self-Employed (SBSE) division, 
developed a new form (Form 15254) with instructions for the partnership 
to use to submit the revocation request. Form 15254--Request for 
Section 754 Revocation, the data is the same collected on the Form 1065 
U.S. Return of Partnership Income and will be used to contact the 
partnership and make a determination regarding whether the Section 754 
revocation request will be approved or denied.
    Form: IRS Form 15254.
    Affected Public: Businesses or other for-profit organizations.
    Estimated Number of Respondents: 50.
    Frequency of Response: On Occasion.
    Estimated Total Number of Annual Responses: 50.
    Estimated Time per Response: 5 hours, 7 minutes.
    Estimated Total Annual Burden Hours: 256 hours.

    Authority: 44 U.S.C. 3501 et seq.

    Dated: December 29, 2020.
Molly Stasko,
Treasury PRA Clearance Officer.
[FR Doc. 2020-29095 Filed 12-31-20; 8:45 am]
BILLING CODE 4830-01-P
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