Proposed Collection; Comment Request for Regulation Project, 62236 [2021-24463]
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Federal Register / Vol. 86, No. 214 / Tuesday, November 9, 2021 / Notices
maintains its status as a Certified CDFI
at the time BEA Program Awards are
announced. Processing this Action will
correct the misinformation that was
published.
FOR FURTHER INFORMATION CONTACT:
Tanya McInnis, Program Manager,
Depository Institutions Initiatives, Bank
Enterprise Award and Small Dollar
Loan Programs, CDFI Fund; (202) 653–
0309 (this is not a toll free number).
SUPPLEMENTARY INFORMATION:
jspears on DSK121TN23PROD with NOTICES1
Correction
In the Federal Register of October 14,
2021, in FR Vol. 86, No. 196, on page
57256, in Table 2—Eligibility
Requirements for Applicants, under the
Criteria header for CDFI Applicant,
under the Description header, correct
the first sentence to read:
For the FY 2021 funding round, an
eligible Certified CDFI Applicant is: An
Insured Depository Institution that is
certified or has submitted its
Certification application by December
31, 2020; was Certified as a CDFI as of
the publication date of this NOFA in the
Federal Register, which was on October
14, 2021; and maintains its status as a
Certified CDFI at the time BEA Program
Awards are announced under this
NOFA.
Executive Summary: This notice
announces the correction that eligible
Certified CDFI Applicants must be
Certified as a CDFI or have submitted an
application for Certification by
December 31, 2020 in order for the
Application to receive priority funding
consideration under the BEA Program
NOFA.
Capitalized terms in this correction to
the NOFA are defined in the authorizing
statute, the Interim Rule, this NOFA, the
Application, or the Uniform
Requirements. Details regarding
Application content requirements are
found in the Application and related
materials. Application materials can be
found on Grants.gov and the CDFI
Fund’s website at www.cdfifund.gov/
bea.
All other information and
requirements set forth in the NOFA
published on October 14, 2021, shall
remain effective, as published.
Jodie L. Harris,
Director, Community Development Financial
Institutions Fund.
[FR Doc. 2021–24542 Filed 11–5–21; 4:15 pm]
BILLING CODE P
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Jkt 256001
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
Guidance Regarding the Treatment of
Certain Contingent Payment Debt
Instructions with one or more Payments
that are Denominated in, or Determined
by Reference to, a Nonfunctional
Currency.
SUMMARY:
Written comments should be
received on or before January 10, 2022
to be assured of consideration.
ADDRESSES: Direct all written comments
to Andres Garcia, 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 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: Guidance Regarding the
Treatment of Certain Contingent
Payment Debt Instructions with one or
more Payments that are Denominated
in, or Determined by Reference to, a
Nonfunctional Currency.
OMB Number: 1545–1831.
Regulation Project Number: TD 9157.
Abstract: This document contains
final regulations regarding the treatment
of contingent payment debt instruments
for which one or more payments are
denominated in, or determined by
reference to, a currency other than the
taxpayer’s functional currency. These
regulations are necessary because
current regulations do not provide
guidance concerning the tax treatment
of such instruments. The regulations
affect issuers and holders of such
instruments.
Current Actions: There are no changes
being made to the regulation at this
time.
DATES:
PO 00000
Frm 00096
Fmt 4703
Sfmt 4703
Type of Review: Extension of a
currently approved collection.
Affected Public: Businesses and otherfor-profit organizations, Farms.
Estimated Number of Respondents:
250.
Estimated Time per Respondent: 24
mins.
Estimated Total Annual Burden
Hours: 100.
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: November 3, 2021.
Martha R. Brinson,
Tax Analyst.
[FR Doc. 2021–24463 Filed 11–8–21; 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
SUMMARY:
E:\FR\FM\09NON1.SGM
09NON1
]]>Agencies
[Federal Register Volume 86, Number 214 (Tuesday, November 9, 2021)]
[Notices]
[Page 62236]
From the Federal Register Online via the Government Publishing Office [www.gpo.gov]
[FR Doc No: 2021-24463]
-----------------------------------------------------------------------
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 Guidance Regarding
the Treatment of Certain Contingent Payment Debt Instructions with one
or more Payments that are Denominated in, or Determined by Reference
to, a Nonfunctional Currency.
DATES: Written comments should be received on or before January 10,
2022 to be assured of consideration.
ADDRESSES: Direct all written comments to Andres Garcia, 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 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 [email protected].
SUPPLEMENTARY INFORMATION:
Title: Guidance Regarding the Treatment of Certain Contingent
Payment Debt Instructions with one or more Payments that are
Denominated in, or Determined by Reference to, a Nonfunctional
Currency.
OMB Number: 1545-1831.
Regulation Project Number: TD 9157.
Abstract: This document contains final regulations regarding the
treatment of contingent payment debt instruments for which one or more
payments are denominated in, or determined by reference to, a currency
other than the taxpayer's functional currency. These regulations are
necessary because current regulations do not provide guidance
concerning the tax treatment of such instruments. The regulations
affect issuers and holders of such instruments.
Current Actions: There are no changes being made to the regulation
at this time.
Type of Review: Extension of a currently approved collection.
Affected Public: Businesses and other-for-profit organizations,
Farms.
Estimated Number of Respondents: 250.
Estimated Time per Respondent: 24 mins.
Estimated Total Annual Burden Hours: 100.
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: November 3, 2021.
Martha R. Brinson,
Tax Analyst.
[FR Doc. 2021-24463 Filed 11-8-21; 8:45 am]
BILLING CODE 4830-01-P
