Agency Information Collection Activities; Submission for OMB Review; Comment Request; Fiscal Service Implementing Regulations for the Government Securities Act of 1986, as Amended, 40139-40140 [2021-15864]

Download as PDF jbell on DSKJLSW7X2PROD with NOTICES Federal Register / Vol. 86, No. 140 / Monday, July 26, 2021 / Notices disclosure will not automatically guarantee immunity from prosecution; however, a voluntary disclosure may result in prosecution not being recommended. Form 14457 is used for all voluntary disclosures. Second, the Streamlined Filing Compliance Procedures are available to eligible taxpayers who can truthfully certify that their failure to report foreign financial assets and pay all tax due in respect of those assets resulted from non-willful conduct. Forms 14653 and 14654 relate to the Streamlined Filing Compliance Procedures. Current Actions: There is no change in the paperwork burden previously approved by OMB procedure. Type of Review: Extension of a currently approved collection. Affected Public: Individuals or Households. Estimated Number of Respondents: 16,000. Estimated Time per Response: 25 hours, 38 min. Estimated Total Annual Burden Hours: 410,000. 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. VerDate Sep<11>2014 17:10 Jul 23, 2021 Jkt 253001 Approved: July 14, 2021. Kerry L. Dennis, Tax Analyst. [FR Doc. 2021–15769 Filed 7–23–21; 8:45 am] BILLING CODE 4830–01–P DEPARTMENT OF THE TREASURY Internal Revenue Service Proposed Collection; Comment Request for Form 461 Internal Revenue Service (IRS), Treasury. ACTION: Notice and request for comments. AGENCY: The Internal Revenue Service (IRS), 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 information collections, as required by the Paperwork Reduction Act of 1995. The IRS is soliciting comments concerning Limitation on Business Losses. DATES: Written comments should be received on or before September 24, 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 and instructions should be directed to Martha R. Brinson, at (202) 317–5753, or at Internal Revenue Service, Room 6526, 1111 Constitution Avenue NW, Washington, DC 20224, or through the internet at Martha.R.Brinson@irs.gov. SUPPLEMENTARY INFORMATION: Title: Limitation on Business Losses. OMB Number: 1545–2283. Form Number: 461. Abstract: Form 461 and its separate instructions calculates the limitation on business losses, and the excess business losses that will be treated as net operating loss (NOL) carried forward to subsequent taxable years. In the case of a partnership or S corporation, the provision applies at the partner or shareholder level. This form is used by noncorporate taxpayers and will be attached to a tax return (F1040, 1040NR, 1041, 1041–QFT, 1041–N, or 990–T). 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: Individuals or households, Business or other for-profit organization, and not-for-profit institutions. SUMMARY: PO 00000 Frm 00150 Fmt 4703 Sfmt 4703 40139 Estimated Number of Responses: 2,909,026. Estimated Time per Response: 22 mins. Estimated Total Annual Burden Hours: 1,105,430. 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. Comments will be 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 has 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 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 19, 2021. Martha R. Brinson, Tax Analyst. [FR Doc. 2021–15787 Filed 7–23–21; 8:45 am] BILLING CODE 4830–01–P DEPARTMENT OF THE TREASURY Agency Information Collection Activities; Submission for OMB Review; Comment Request; Fiscal Service Implementing Regulations for the Government Securities Act of 1986, as Amended Departmental Offices, U.S. Department of the Treasury. ACTION: Notice. AGENCY: 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 SUMMARY: E:\FR\FM\26JYN1.SGM 26JYN1 40140 Federal Register / Vol. 86, No. 140 / Monday, July 26, 2021 / Notices jbell on DSKJLSW7X2PROD with NOTICES 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 August 25, 2021 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 PRA@treasury.gov, calling (202) 622– 8922, or viewing the entire information collection request at www.reginfo.gov. VerDate Sep<11>2014 17:10 Jul 23, 2021 Jkt 253001 SUPPLEMENTARY INFORMATION: Fiscal Service (FS) Title: Government Securities Act of 1986, as amended. OMB Control Number: 1530–0064. Type of Review: Extension without change of a currently approved collection. Description: The information collection is contained within the regulations issued pursuant to the GSA, which require government securities brokers and dealers to make and keep certain records concerning their business activities and their holdings of government securities, to submit financial reports, and to make certain disclosures to investors. The regulations also require depository institutions to keep certain records of non-fiduciary custodial holdings of government securities. The regulations and PO 00000 Frm 00151 Fmt 4703 Sfmt 9990 associated information collection are fundamental to customer protection and dealer financial responsibility. Form: G–FIN–4, G–FIN–5, G–405 Part I, G–405 Part II, G–405 Part IIA, G–405 Part III, G–405 Schedule I. Affected Public: Business and forprofit institutions. Estimated Number of Respondents: 2,670. Frequency of Response: On Occasion. Estimated Total Number of Annual Responses: 2,670. Estimated Total Annual Burden Hours: 215,111 hours. Authority: 44 U.S.C. 3501 et seq. Dated: July 21, 2021. Molly Stasko, Treasury PRA Clearance Officer. [FR Doc. 2021–15864 Filed 7–23–21; 8:45 am] BILLING CODE 4810–AS–P E:\FR\FM\26JYN1.SGM 26JYN1

Agencies

[Federal Register Volume 86, Number 140 (Monday, July 26, 2021)]
[Notices]
[Pages 40139-40140]
From the Federal Register Online via the Government Publishing Office [www.gpo.gov]
[FR Doc No: 2021-15864]


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

DEPARTMENT OF THE TREASURY


Agency Information Collection Activities; Submission for OMB 
Review; Comment Request; Fiscal Service Implementing Regulations for 
the Government Securities Act of 1986, as Amended

AGENCY: Departmental Offices, U.S. 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

[[Page 40140]]

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 August 25, 2021 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:

Fiscal Service (FS)

    Title: Government Securities Act of 1986, as amended.
    OMB Control Number: 1530-0064.
    Type of Review: Extension without change of a currently approved 
collection.
    Description: The information collection is contained within the 
regulations issued pursuant to the GSA, which require government 
securities brokers and dealers to make and keep certain records 
concerning their business activities and their holdings of government 
securities, to submit financial reports, and to make certain 
disclosures to investors. The regulations also require depository 
institutions to keep certain records of non-fiduciary custodial 
holdings of government securities. The regulations and associated 
information collection are fundamental to customer protection and 
dealer financial responsibility.
    Form: G-FIN-4, G-FIN-5, G-405 Part I, G-405 Part II, G-405 Part 
IIA, G-405 Part III, G-405 Schedule I.
    Affected Public: Business and for-profit institutions.
    Estimated Number of Respondents: 2,670.
    Frequency of Response: On Occasion.
    Estimated Total Number of Annual Responses: 2,670.
    Estimated Total Annual Burden Hours: 215,111 hours.
    Authority: 44 U.S.C. 3501 et seq.

    Dated: July 21, 2021.
Molly Stasko,
Treasury PRA Clearance Officer.
[FR Doc. 2021-15864 Filed 7-23-21; 8:45 am]
BILLING CODE 4810-AS-P
This site is protected by reCAPTCHA and the Google Privacy Policy and Terms of Service apply.