Proposed Collection; Comment Request for TD 8352 and TD 8531, 51965-51966 [2021-20073]
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Federal Register / Vol. 86, No. 178 / Friday, September 17, 2021 / Notices
(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: August 26, 2021.
Chakinna B. Clemons,
Supervisory Tax Analyst.
[FR Doc. 2021–20069 Filed 9–16–21; 8:45 am]
BILLING CODE 4830–01–P
DEPARTMENT OF THE TREASURY
Internal Revenue Service
Proposed Collection; Comment
Request for Form 1099–G
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 proposed
and/or continuing information
collections, as required by the
Paperwork Reduction Act of 1995.
Currently, the IRS is soliciting
comments concerning Form 1099–G,
Certain Government Payments.
DATES: Written comments should be
received on or before November 16,
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 LaNita Van Dyke,
at (202) 317–6009, Internal Revenue
Service, Room 6526, 1111 Constitution
Avenue NW, Washington, DC 20224, or
through the internet at
Lanita.VanDyke@irs.gov.
SUPPLEMENTARY INFORMATION:
Title: Certain Government Payments.
OMB Number: 1545–0120.
Form Number: 1099–G.
Abstract: Form 1099–G is used to
report government payments such as
unemployment compensation, state and
local income tax refunds, credits, or
SUMMARY:
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16:19 Sep 16, 2021
Jkt 253001
offsets, reemployment trade adjustment
assistance (RTAA) payments, taxable
grants, agricultural payments, or for
payments received on a Commodity
Credit Corporation (CCC) loan.
Current Actions: There are no changes
made to the form, this submission is for
renewal purposes only.
Type of Review: Extension of a
currently approved collection.
Affected Public: Federal, state, local
or tribal governments.
Estimated Number of Responses:
82,364,600.
Estimated Time per Response: .3
hours.
Estimated Total Annual Burden
Hours: 24,709,380.
The following paragraph applies to
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: August 26, 2021.
Chakinna B. Clemons,
Supervisory Tax Analyst.
[FR Doc. 2021–20068 Filed 9–16–21; 8:45 am]
BILLING CODE 4830–01–P
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51965
DEPARTMENT OF THE TREASURY
Internal Revenue Service
Proposed Collection; Comment
Request for TD 8352 and TD 8531
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 proposed
and/or continuing information
collections, as required by the
Paperwork Reduction Act of 1995.
Currently, the IRS is soliciting
comments concerning TD 8352 (temp &
final) Final Regulations Under Sections
382 and 383 of the Internal Revenue
Code of 1986; Pre-change Attributes; TD
8531—Final Regulations Under Section
382.
DATES: Written comments should be
received on or before November 16,
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 LaNita Van Dyke,
(202) 317–6009, Internal Revenue
Service, Room 6526, 1111 Constitution
Avenue NW, Washington, DC 20224, or
through the internet at
Lanita.VanDyke@irs.gov.
SUPPLEMENTARY INFORMATION:
Title: TD 8352 (temp & final) Final
Regulations Under Sections 382 and 383
of the Internal Revenue Code of 1986;
Pre-change Attributes; TD 8531—Final
Regulations Under Section 382.
OMB Number: 1545–1120.
Abstract: (TD 8352) These regulations
require reporting by a corporation after
it undergoes an ‘‘ownership change’’
under Code sections 382 and 383.
Corporations required to report under
these regulations include those with
capital loss carryovers and excess
credits. (TD 8531) These regulations
provide rules for the treatment of
options under Code section 382 for
purposes of determining whether a
corporation undergoes an ownership
change. The regulation allows for
certain elections for corporations whose
stock is subject to options.
Current Actions: There is no change to
these existing regulations.
SUMMARY:
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51966
Federal Register / Vol. 86, No. 178 / Friday, September 17, 2021 / Notices
Type of Review: Extension of a current
OMB approval.
Affected Public: Business or other forprofit organizations.
Estimated Number of Responses:
75,150.
Estimated Time per Response: 2
hours, 56 minutes.
Estimated Total Annual Burden
Hours: 220,575.
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: August 26, 2021.
ChaKinna B. Clemons,
Supervisory Tax Analyst.
[FR Doc. 2021–20073 Filed 9–16–21; 8:45 am]
BILLING CODE 4830–01–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
16:19 Sep 16, 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 proposed
and/or continuing information
collections, as required by the
Paperwork Reduction Act of 1995. The
IRS is soliciting comments concerning
guidance necessary to facilitate business
electronic filing under section 1561,
guidance necessary to facilitate business
electronic filing and reduction,
guidance necessary to facilitate business
election filing, finalization of controlled
group qualification rules and limitations
on the importation of net built-in losses.
DATES: Written comments should be
received on or before November 16,
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 regulation should be
directed to LaNita Van Dyke, (202) 317–
6009, Internal Revenue Service, Room
6526, 1111 Constitution Avenue NW,
Washington, DC 20224, or through the
internet at Lanita.VanDyke@irs.gov.
SUPPLEMENTARY INFORMATION:
Title: T.D. 9304—Guidance Necessary
to Facilitate Business Electronic Filing
Under Section 1561, T.D. 9329—
Guidance Necessary to Facilitate
Business Electronic Filing and Burden
Reduction, T.D. 9451—Guidance
Necessary to Facilitate Business
Election Filing; Finalization of
Controlled Group Qualification Rules
and T.D. 9759—Limitations on the
Importation of Net Built-In Losses.
OMB Number: 1545–2019.
Regulation Project Numbers: TD
9304(REG–161919–05), TD
9329(REG134317–05), TD 9451(REG–
161919–05) and TD 9759(REG–161948–
05).
Abstract: TD 9304 regulations provide
guidance to taxpayers regarding how to
allocate the amounts of tax benefit items
under section 1561(a) amongst the
component members of a controlled
group of corporations which have an
apportionment plan in effect. TD 9329
contains final regulations that simplify,
clarify, or eliminate reporting burdens
and also eliminate regulatory
impediments to the electronic filing of
certain statements that taxpayers are
required to include on or with their
Federal income tax returns. TD 9451
provides guidance to taxpayers for
determining which corporations are
included in a controlled group of
SUMMARY:
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corporations. TD 9759 provides
guidance for preventing the importation
of loss when a corporation that is
subject to U.S. income tax acquires loss
property tax-free in certain transactions
and the loss in the acquired property
accrued outside the U.S. tax system by
requiring the bases of the assets received
to be equal to value.
Current Actions: There are no changes
to these existing regulations.
Type of Review: Extension of a
currently approved collection.
Affected Public: Business or other forprofit organizations.
Estimated Number of Respondents:
225,000.
Estimated Time per Respondent: 1 hr.,
40 minutes.
Estimated Total Annual Burden
Hours: 375,000.
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: August 26, 2021.
Chakinna B. Clemons,
Supervisory Tax Analyst.
[FR Doc. 2021–20067 Filed 9–16–21; 8:45 am]
BILLING CODE 4830–01–P
E:\FR\FM\17SEN1.SGM
17SEN1
]]>Agencies
[Federal Register Volume 86, Number 178 (Friday, September 17, 2021)]
[Notices]
[Pages 51965-51966]
From the Federal Register Online via the Government Publishing Office [www.gpo.gov]
[FR Doc No: 2021-20073]
-----------------------------------------------------------------------
DEPARTMENT OF THE TREASURY
Internal Revenue Service
Proposed Collection; Comment Request for TD 8352 and TD 8531
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. Currently, the IRS is soliciting
comments concerning TD 8352 (temp & final) Final Regulations Under
Sections 382 and 383 of the Internal Revenue Code of 1986; Pre-change
Attributes; TD 8531--Final Regulations Under Section 382.
DATES: Written comments should be received on or before November 16,
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 LaNita Van
Dyke, (202) 317-6009, Internal Revenue Service, Room 6526, 1111
Constitution Avenue NW, Washington, DC 20224, or through the internet
at [email protected].
SUPPLEMENTARY INFORMATION:
Title: TD 8352 (temp & final) Final Regulations Under Sections 382
and 383 of the Internal Revenue Code of 1986; Pre-change Attributes; TD
8531--Final Regulations Under Section 382.
OMB Number: 1545-1120.
Abstract: (TD 8352) These regulations require reporting by a
corporation after it undergoes an ``ownership change'' under Code
sections 382 and 383. Corporations required to report under these
regulations include those with capital loss carryovers and excess
credits. (TD 8531) These regulations provide rules for the treatment of
options under Code section 382 for purposes of determining whether a
corporation undergoes an ownership change. The regulation allows for
certain elections for corporations whose stock is subject to options.
Current Actions: There is no change to these existing regulations.
[[Page 51966]]
Type of Review: Extension of a current OMB approval.
Affected Public: Business or other for-profit organizations.
Estimated Number of Responses: 75,150.
Estimated Time per Response: 2 hours, 56 minutes.
Estimated Total Annual Burden Hours: 220,575.
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: August 26, 2021.
ChaKinna B. Clemons,
Supervisory Tax Analyst.
[FR Doc. 2021-20073 Filed 9-16-21; 8:45 am]
BILLING CODE 4830-01-P
