Proposed Collection; Comment Request for Regulation Project, 60107 [2021-23576]
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khammond on DSKJM1Z7X2PROD with NOTICES
Federal Register / Vol. 86, No. 207 / Friday, October 29, 2021 / Notices
OMB Number: 1545–0003.
Form Number: Forms SS–4 and SS–
4PR.
Abstract: Taxpayers who are required
to have an identification number for use
on any return, statement, or other
document must prepare and file Form
SS–4 or Form SS–4PR (Puerto Rico
only) to obtain a number. The
information is used by the Internal
Revenue Service and the Social Security
Administration in tax administration
and by the Bureau of the Census for
business statistics.
Current Actions: There are no changes
being made to the forms at this time.
Type of Review: Extension of a
currently approved collection.
Affected Public: Business or other forprofit organizations, individuals or
households, not-for-profit institutions,
farms, federal government, and state,
local or tribal governments.
Estimated Number of Respondents:
5,965,735.
Estimated Time per Respondent: .33
mins.
Estimated Total Annual Burden
Hours: 3,340,812.
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
18:17 Oct 28, 2021
Jkt 256001
Approved: October 25, 2021.
Sara L. Covington,
IRS Tax Analyst.
[FR Doc. 2021–23574 Filed 10–28–21; 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:
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
Excise Tax Relating to Gain or Other
Income Realized by Any Person on
Receipt of Greenmail.
DATES: Written comments should be
received on or before December 28, 2021
to be assured of consideration.
ADDRESSES: Direct all written comments
to Paul Adams, 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 Sara Covington, at (737)800–
6149, or at Internal Revenue Service,
Room 6526, 1111 Constitution Avenue
NW, Washington, DC 20224, or through
the internet at Sara.L.Covington@irs.gov.
SUPPLEMENTARY INFORMATION:
Title: Excise Tax Relating to Gain or
Other Income Realized By Any Person
on Receipt of Greenmail.
OMB Number: 1545–1049.
Regulation Project Number: TD 8379
(final).
Form Number: 8725.
Abstract: The regulations provide
rules relating to the manner and method
of reporting and paying the
nondeductible 50 percent excise tax
imposed by section 5881 of the Internal
Revenue Code with respect to the
receipt of greenmail. The reporting
requirements will be used to verify that
the excise tax imposed under section
5881 is properly reported and timely
paid. Form 8725 is used by persons who
receive ‘‘greenmail’’ to compute and pay
the excise tax on greenmail imposed
under Internal Revenue Code section
5881. IRS uses the information to verify
SUMMARY:
PO 00000
Frm 00132
Fmt 4703
Sfmt 4703
60107
that the correct amount of tax has been
reported.
Current Actions: There is no change to
this existing regulation.
Type of Review: Extension of a
currently approved collection.
Affected Public: Individuals and
business or other for-profit
organizations.
Estimated Number of Responses: 12.
Estimated Time per Response: 7
hours, 37 minutes.
Estimated Total Annual Burden
Hours: 92.
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: October 25, 2021.
Sara L. Covington,
IRS Tax Analyst.
[FR Doc. 2021–23576 Filed 10–28–21; 8:45 am]
BILLING CODE 4830–01–P
DEPARTMENT OF THE TREASURY
Internal Revenue Service
Proposed Collection; Comment
Request for Form 4461, 4461–A, 4461–
B, and 4461–C
Internal Revenue Service (IRS),
Treasury.
AGENCY:
E:\FR\FM\29OCN1.SGM
29OCN1
]]>Agencies
[Federal Register Volume 86, Number 207 (Friday, October 29, 2021)]
[Notices]
[Page 60107]
From the Federal Register Online via the Government Publishing Office [www.gpo.gov]
[FR Doc No: 2021-23576]
-----------------------------------------------------------------------
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 (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 Excise Tax Relating
to Gain or Other Income Realized by Any Person on Receipt of Greenmail.
DATES: Written comments should be received on or before December 28,
2021 to be assured of consideration.
ADDRESSES: Direct all written comments to Paul Adams, 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 Sara Covington, at
(737)800-6149, or at Internal Revenue Service, Room 6526, 1111
Constitution Avenue NW, Washington, DC 20224, or through the internet
at [email protected].
SUPPLEMENTARY INFORMATION:
Title: Excise Tax Relating to Gain or Other Income Realized By Any
Person on Receipt of Greenmail.
OMB Number: 1545-1049.
Regulation Project Number: TD 8379 (final).
Form Number: 8725.
Abstract: The regulations provide rules relating to the manner and
method of reporting and paying the nondeductible 50 percent excise tax
imposed by section 5881 of the Internal Revenue Code with respect to
the receipt of greenmail. The reporting requirements will be used to
verify that the excise tax imposed under section 5881 is properly
reported and timely paid. Form 8725 is used by persons who receive
``greenmail'' to compute and pay the excise tax on greenmail imposed
under Internal Revenue Code section 5881. IRS uses the information to
verify that the correct amount of tax has been reported.
Current Actions: There is no change to this existing regulation.
Type of Review: Extension of a currently approved collection.
Affected Public: Individuals and business or other for-profit
organizations.
Estimated Number of Responses: 12.
Estimated Time per Response: 7 hours, 37 minutes.
Estimated Total Annual Burden Hours: 92.
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: October 25, 2021.
Sara L. Covington,
IRS Tax Analyst.
[FR Doc. 2021-23576 Filed 10-28-21; 8:45 am]
BILLING CODE 4830-01-P
