Proposed Collection; Comment Request for Regulation Project, 12076 [2021-04109]
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Federal Register / Vol. 86, No. 38 / Monday, March 1, 2021 / Notices
truck-climbing-lane/. This notice
applies to all Federal agency decisions
as of the issuance date of this notice and
all laws under which such actions were
taken, including but not limited to:
1. Council on Environmental Quality
Regulations
2. National Environmental Policy Act of
1969, as amended, 42 U.S.C. 4321 et
seq.
3. Federal-Aid Highway Act of 1970, 23
U.S.C. 109
4. MAP–21, the Moving Ahead for
Progress in the 21st Century Act
(Pub. L. 112–141)
5. Clean Air Act Amendments of 1990
(CAAA)
6. Clean Water Act of 1977 and 1987
7. Federal Water Pollution Control Act
of 1972 (see Clean Water Act of
1977 & 1987)
8. Federal Land Policy and Management
Act of 1976 (Paleontological
Resources)
9. Noise Control Act of 1972
10. Endangered Species Act of 1973
11. Executive Order 11990, Protection of
Wetlands
12. Executive Order 13112, Invasive
Species
13. Executive Order 13186, Migratory
Birds
14. Fish and Wildlife Coordination Act
of 1934, as amended
15. Migratory Bird Treaty Act
16. Executive Order 11988, Floodplain
Management
17. Executive Order 12898, Federal
Actions to Address Environmental
Justice and Low-income
Populations
(Catalog of Federal Domestic Assistance
Program Number 20.205, Highway Planning
and Construction. The regulations
implementing Executive Order 12372
regarding intergovernmental consultation on
Federal programs and activities apply to this
program.)
(Authority: 23 U.S.C. 139(l)(1))
Issued on: February 23, 2021.
Rodney Whitfield,
Director, Financial Services, Federal Highway
Administration, California Division.
[FR Doc. 2021–04099 Filed 2–26–21; 8:45 am]
BILLING CODE 4910–RY–P
DEPARTMENT OF THE TREASURY
Internal Revenue Service
Proposed Collection; Comment
Request for Regulation Project
Internal Revenue Service (IRS),
Treasury.
ACTION: Notice and request for
comments.
AGENCY:
VerDate Sep<11>2014
18:48 Feb 26, 2021
Jkt 253001
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 adopted ‘‘aggregate
treatment’’ with respect to income
inclusion amounts arising from section
951A (the global intangible low tax
income inclusion or GILTI) for
partnerships.
DATES: Written comments should be
received on or before April 30, 2021 to
be assured of consideration.
ADDRESSES: Direct all written comments
to Kinna Brewington, 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
Paul Adams, at (737) 800–6149 or
Internal Revenue Service, Room 6526,
1111 Constitution Avenue NW,
Washington, DC 20224, or through the
internet, at Paul.D.Adams@irs.gov.
SUPPLEMENTARY INFORMATION:
Title: S Corporation Guidance under
Section 958 (Rules for Determining
Stock Ownership) and Guidance
Regarding the Treatment of Qualified
Improvement Property under the
Alternative Depreciation System for
Purposes of the QBAI Rules for FDII and
GILTI.
OMB Number: 1545–2291.
Regulation Numbers: TD 9986 and
Notice 2020–69.
Abstract: The Treasury Department
and the IRS published final regulations
(TD 9866) in the Federal Register (84 FR
29288) under § 951A (final regulations).
The final regulations adopted ‘‘aggregate
treatment’’ with respect to income
inclusion amounts arising from section
951A (the global intangible low tax
income inclusion or GILTI) for
partnerships. Under aggregate treatment,
for purposes of determining the GILTI
inclusion amount of any partner of a
domestic partnership, each partner is
treated as proportionately owning the
stock of a controlled foreign corporation
(CFC) owned by the partnership within
the meaning of § 958(a) in the same
manner as if the domestic partnership
were a foreign partnership. Because
only a U.S. person that is a U.S.
shareholder can have a GILTI inclusion
amount, a partner that is not a U.S.
shareholder of a partnership-owned CFC
does not have a GILTI inclusion amount
determined by reference to the
partnership-owned CFC. Section
SUMMARY:
PO 00000
Frm 00158
Fmt 4703
Sfmt 9990
1.951A–1(e)(1) applies to taxable years
of foreign corporations beginning after
December 31, 2017, and to taxable years
of U.S. shareholders in which or with
which such taxable years of foreign
corporations’ end. Current Actions:
There are no changes being made to the
regulations at this time.
Type of Review: Extension of a
currently approved collection.
Affected Public: Individuals, or
Households.
Estimated Number of Respondents:
3,688.
Estimated Time per Respondent: .5
minutes.
Estimated Total Annual Burden
Hours: 1,844 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
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: February 23, 2021.
Chakinna B. Clemons,
Supervisor Tax Analyst.
[FR Doc. 2021–04109 Filed 2–26–21; 8:45 am]
BILLING CODE 4830–01–P
E:\FR\FM\01MRN1.SGM
01MRN1
]]>Agencies
[Federal Register Volume 86, Number 38 (Monday, March 1, 2021)]
[Notices]
[Page 12076]
From the Federal Register Online via the Government Publishing Office [www.gpo.gov]
[FR Doc No: 2021-04109]
=======================================================================
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DEPARTMENT OF THE TREASURY
Internal Revenue Service
Proposed Collection; Comment Request for Regulation Project
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
continuing information collections, as required by the Paperwork
Reduction Act of 1995. The IRS is soliciting comments concerning
adopted ``aggregate treatment'' with respect to income inclusion
amounts arising from section 951A (the global intangible low tax income
inclusion or GILTI) for partnerships.
DATES: Written comments should be received on or before April 30, 2021
to be assured of consideration.
ADDRESSES: Direct all written comments to Kinna Brewington, 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 Paul Adams, at (737) 800-6149
or Internal Revenue Service, Room 6526, 1111 Constitution Avenue NW,
Washington, DC 20224, or through the internet, at [email protected].
SUPPLEMENTARY INFORMATION:
Title: S Corporation Guidance under Section 958 (Rules for
Determining Stock Ownership) and Guidance Regarding the Treatment of
Qualified Improvement Property under the Alternative Depreciation
System for Purposes of the QBAI Rules for FDII and GILTI.
OMB Number: 1545-2291.
Regulation Numbers: TD 9986 and Notice 2020-69.
Abstract: The Treasury Department and the IRS published final
regulations (TD 9866) in the Federal Register (84 FR 29288) under Sec.
951A (final regulations). The final regulations adopted ``aggregate
treatment'' with respect to income inclusion amounts arising from
section 951A (the global intangible low tax income inclusion or GILTI)
for partnerships. Under aggregate treatment, for purposes of
determining the GILTI inclusion amount of any partner of a domestic
partnership, each partner is treated as proportionately owning the
stock of a controlled foreign corporation (CFC) owned by the
partnership within the meaning of Sec. 958(a) in the same manner as if
the domestic partnership were a foreign partnership. Because only a
U.S. person that is a U.S. shareholder can have a GILTI inclusion
amount, a partner that is not a U.S. shareholder of a partnership-owned
CFC does not have a GILTI inclusion amount determined by reference to
the partnership-owned CFC. Section 1.951A-1(e)(1) applies to taxable
years of foreign corporations beginning after December 31, 2017, and to
taxable years of U.S. shareholders in which or with which such taxable
years of foreign corporations' end. Current Actions: There are no
changes being made to the regulations at this time.
Type of Review: Extension of a currently approved collection.
Affected Public: Individuals, or Households.
Estimated Number of Respondents: 3,688.
Estimated Time per Respondent: .5 minutes.
Estimated Total Annual Burden Hours: 1,844 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 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: February 23, 2021.
Chakinna B. Clemons,
Supervisor Tax Analyst.
[FR Doc. 2021-04109 Filed 2-26-21; 8:45 am]
BILLING CODE 4830-01-P
