Proposed Extension of Information Collection Request Submitted for Public Comment; Comment Request for Guidance Regarding the Transition Tax Under Section 965., 17138-17139 [2022-06329]
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Federal Register / Vol. 87, No. 58 / Friday, March 25, 2022 / Notices
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SUPPLEMENTARY INFORMATION:
Title: Contributions of Motor
Vehicles, Boats, and Airplanes.
OMB Number: 1545–1959.
Project Number: Form 1098–C.
Abstract: Section 884 of the American
Jobs Creation Act of 2004 (Pub. L. 108–
357) added paragraph 12 to section
170(f) for contributions of used motor
vehicles, boats, and airplanes. Section
170(f)(12) requires that a donee
organization provide an
acknowledgement to the donor of this
type of property and is required to file
the same information to the Internal
Revenue Service.
Form 1098–C is used to report
charitable contributions of motor
vehicles, boats, and airplanes after
December 31, 2004.
Current Actions: There are no changes
being made to this form at this time.
However, changes to the estimated
number of responses will increase the
burden by 1,302 hours. This request is
being submitted for renewal purposes.
Type of Review: Revision of a
currently approved collection.
Affected Public: Businesses or other
for-profits, Individuals or households,
Farms, or Not-for-profit institutions.
Estimated Number of Respondents:
110,400.
Estimated Time per Respondent: 18
min.
Estimated Total Annual Burden
Hours: 34,224.
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.
Desired Focus of Comments: The
Internal Revenue Service (IRS) is
particularly interested in comments
that:
• Evaluate whether the proposed
collection of information is necessary
for the proper performance of the
functions of the agency, including
whether the information will have
practical utility.
• Evaluate the accuracy of the
agency’s estimate of the burden of the
proposed collection of information,
including the validity of the
methodology and assumptions used.
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16:50 Mar 24, 2022
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• Enhance the quality, utility, and
clarity of the information to be
collected; and
• Minimize the burden of the
collection of information on those who
are to respond, including using
appropriate automated, electronic,
mechanical, or other technological
collection techniques or other forms of
information technology, e.g., by
permitting electronic submissions of
responses.
Comments submitted in response to
this notice will be summarized and/or
included in the ICR for OMB approval
of the extension of the information
collection; they will also become a
matter of public record.
Approved: March 21, 2022.
Ronald J. Durbala,
IRS Tax Analyst.
[FR Doc. 2022–06328 Filed 3–24–22; 8:45 am]
BILLING CODE 4830–01–P
DEPARTMENT OF THE TREASURY
Internal Revenue Service
Proposed Extension of Information
Collection Request Submitted for
Public Comment; Comment Request
for Guidance Regarding the Transition
Tax Under Section 965.
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 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 the
guidance regarding the transition tax
under section 965.
DATES: Written comments should be
received on or before May 24, 2022 to
be assured of consideration.
ADDRESSES: Direct all written comments
to Andre´s Garcia, Internal Revenue
Service, Room 6526, 1111 Constitution
Avenue NW, Washington, DC 20224, or
by email to omb.unit@irs.gov. Please
include, ‘‘OMB Number: 1545–2280—
Public Comment Request Notice’’ in the
Subject line.
FOR FURTHER INFORMATION CONTACT:
Requests for additional information or
copies of the form and instructions
should be directed to Ronald J. Durbala,
at (202) 317–5746, at Internal Revenue
SUMMARY:
PO 00000
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Sfmt 4703
Service, Room 6526, 1111 Constitution
Avenue NW, Washington, DC 20224, or
through the internet at
RJoseph.Durbala@irs.gov.
SUPPLEMENTARY INFORMATION:
Title: Guidance Regarding the
Transition Tax Under Section 965 and
Related Provisions.
OMB Number: 1545–2280.
Project Number: TD 9846.
Abstract: The Tax Cuts and Jobs Act,
Section 14103 (Pub. L. 115–97), provide
for reconciliation pursuant to titles II
and V of the concurrent resolution on
the budget for fiscal year 2018, amended
section 965 of the Internal Revenue
Code. Because of the amendment,
certain taxpayers are required to include
in income an amount based on the
accumulated post-1986 deferred foreign
income of certain corporations that they
own either directly or indirectly through
other entities. This collection covers the
guidance regarding the transition tax
under section 965. The regulations
affect United States persons with direct
or indirect ownership interests in
certain foreign corporations.
Current Actions: There is no change
in the paperwork burden previously
approved by OMB. This form is being
submitted for renewal purposes only.
Type of Review: Extension of a
currently approved collection.
Affected Public: Business or other forprofit organizations, Individuals, or
households.
Estimated Number of Respondents:
100,000.
Estimated Time per Respondent: 5
hrs.
Estimated Total Annual Burden
Hours: 500,000.
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.
Desired Focus of Comments: The
Internal Revenue Service (IRS) is
particularly interested in comments
that:
• Evaluate whether the proposed
collection of information is necessary
for the proper performance of the
functions of the agency, including
whether the information will have
practical utility.
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Federal Register / Vol. 87, No. 58 / Friday, March 25, 2022 / Notices
• Evaluate the accuracy of the
agency’s estimate of the burden of the
proposed collection of information,
including the validity of the
methodology and assumptions used.
• Enhance the quality, utility, and
clarity of the information to be
collected; and
• Minimize the burden of the
collection of information on those who
are to respond, including using
appropriate automated, electronic,
mechanical, or other technological
collection techniques or other forms of
information technology, e.g., by
permitting electronic submissions of
responses.
Comments submitted in response to
this notice will be summarized and/or
included in the ICR for OMB approval
of the extension of the information
collection; they will also become a
matter of public record.
Approved: March 21, 2022.
Ronald J. Durbala,
IRS Tax Analyst.
[FR Doc. 2022–06329 Filed 3–24–22; 8:45 am]
BILLING CODE 4830–01–P
[OMB Control No. 2900–0004]
Agency Information Collection
Activity: Application for Dependency
and Indemnity Compensation,
Survivors Pension and Accrued
Benefits by a Surviving Spouse or
Child (Including Death Compensation
if Available); Application for
Dependency and Indemnity
Compensation by a Surviving Spouse
or Child—In-Service Death Only;
Application for DIC, Survivors Pension,
and/or Accrued Benefits
Veterans Benefits
Administration, Department of Veterans
Affairs.
ACTION: Notice.
AGENCY:
Veterans Benefits
Administration, Department of Veterans
Affairs (VA), is announcing an
opportunity for public comment on the
proposed collection of certain
information by the agency. Under the
Paperwork Reduction Act (PRA) of
1995, Federal agencies are required to
publish notice in the Federal Register
concerning each proposed collection of
information, including each proposed
revision of a currently approved
collection, and allow 60 days for public
comment in response to the notice.
DATES: Written comments and
recommendations on the proposed
collection of information should be
received on or before May 24, 2022.
ADDRESSES: Submit written comments
on the collection of information through
Federal Docket Management System
(FDMS) at www.Regulations.gov or to
Nancy J. Kessinger, Veterans Benefits
Administration (20M33), Department of
SUMMARY:
Veterans Affairs, 810 Vermont Avenue
NW, Washington, DC 20420 or email to
nancy.kessinger@va.gov. Please refer to
‘‘OMB Control No. 2900–0004’’ in any
correspondence. During the comment
period, comments may be viewed online
through FDMS.
FOR FURTHER INFORMATION CONTACT:
Maribel Aponte, Office of Enterprise
and Integration, Data Governance
Analytics (008), 1717 H Street NW,
Washington, DC 20006, (202) 266–4688
or email maribel.aponte@va.gov. Please
refer to ‘‘OMB Control No. 2900–0004’’
in any correspondence.
Under the
PRA of 1995, Federal agencies must
obtain approval from the Office of
Management and Budget (OMB) for each
collection of information they conduct
or sponsor. This request for comment is
being made pursuant to Section
3506(c)(2)(A) of the PRA.
With respect to the following
collection of information, VBA invites
comments on: (1) Whether the proposed
collection of information is necessary
for the proper performance of VBA’s
functions, including whether the
information will have practical utility;
(2) the accuracy of VBA’s estimate of the
burden of the proposed collection of
information; (3) ways to enhance the
quality, utility, and clarity of the
information to be collected; and (4)
ways to minimize the burden of the
collection of information on
respondents, including through the use
of automated collection techniques or
the use of other forms of information
technology.
Authority: Title 38 U.S.C. 1151; 1310;
1541; 1542; 5101(a); and 5121.
Title:
SUPPLEMENTARY INFORMATION:
VA Form no.
Title
21P–534 ............
Application for Dependency and Indemnity Compensation, Survivors Pension and Accrued Benefits by a Surviving Spouse or
Child (Including Death Compensation if Available).
Application for Dependency and Indemnity Compensation by a Surviving Spouse or Child—In-Service Death Only.
Application for DIC, Survivors Pension, and/or Accrued Benefits.
21P–534a ..........
21P–534EZ ........
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DEPARTMENT OF VETERANS
AFFAIRS
17139
OMB Control Number: 2900–0004.
Type of Review: Revision of a
currently approved collection.
Abstract: The VA Form 21P–534 is
used to gather the necessary information
to determine the eligibility of surviving
spouses and children for dependency
and indemnity compensation (DIC),
death pension, accrued benefits, and
death compensation. VA Form 21P–
534a is an abbreviated application for
DIC that is used only by surviving
spouses and children of veterans who
died while on active duty service. The
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VA Form 21P–534EZ is used for the
Fully Developed Claims (FDC) program
for pension claims, DIC and accrued
claims.
VA Form 21P–534EZ has been
updated, to include:
• Removed all Parent’s DIC questions
from the form as this will be covered
under the VA Form 21–535, Application
for Dependency and Indemnity
Compensation by Parent(s) (Including
Accrued Benefits and Death
Compensation When Applicable).
• Updated instructions.
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• Added an optional use Survivors
Benefits Application Checklist for
applicant’s benefit to assist in
organizing submission of claim.
• Separated Section I and II to
include Veteran’s Identification
Information/Claimant’s Identification
Information.
• Removed questions—How many
times veteran married?/How many times
claimant married? as regulations allow.
• Removed mailing address of
nursing home or facility from Section
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]]>Agencies
[Federal Register Volume 87, Number 58 (Friday, March 25, 2022)]
[Notices]
[Pages 17138-17139]
From the Federal Register Online via the Government Publishing Office [www.gpo.gov]
[FR Doc No: 2022-06329]
-----------------------------------------------------------------------
DEPARTMENT OF THE TREASURY
Internal Revenue Service
Proposed Extension of Information Collection Request Submitted
for Public Comment; Comment Request for Guidance Regarding the
Transition Tax Under Section 965.
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 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 the guidance regarding the transition tax under section 965.
DATES: Written comments should be received on or before May 24, 2022 to
be assured of consideration.
ADDRESSES: Direct all written comments to Andr[eacute]s Garcia,
Internal Revenue Service, Room 6526, 1111 Constitution Avenue NW,
Washington, DC 20224, or by email to [email protected]. Please include,
``OMB Number: 1545-2280--Public Comment Request Notice'' in the Subject
line.
FOR FURTHER INFORMATION CONTACT: Requests for additional information or
copies of the form and instructions should be directed to Ronald J.
Durbala, at (202) 317-5746, 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 Transition Tax Under Section 965 and
Related Provisions.
OMB Number: 1545-2280.
Project Number: TD 9846.
Abstract: The Tax Cuts and Jobs Act, Section 14103 (Pub. L. 115-
97), provide for reconciliation pursuant to titles II and V of the
concurrent resolution on the budget for fiscal year 2018, amended
section 965 of the Internal Revenue Code. Because of the amendment,
certain taxpayers are required to include in income an amount based on
the accumulated post-1986 deferred foreign income of certain
corporations that they own either directly or indirectly through other
entities. This collection covers the guidance regarding the transition
tax under section 965. The regulations affect United States persons
with direct or indirect ownership interests in certain foreign
corporations.
Current Actions: There is no change in the paperwork burden
previously approved by OMB. This form is being submitted for renewal
purposes only.
Type of Review: Extension of a currently approved collection.
Affected Public: Business or other for-profit organizations,
Individuals, or households.
Estimated Number of Respondents: 100,000.
Estimated Time per Respondent: 5 hrs.
Estimated Total Annual Burden Hours: 500,000.
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.
Desired Focus of Comments: The Internal Revenue Service (IRS) is
particularly interested in comments that:
Evaluate whether the proposed collection of information is
necessary for the proper performance of the functions of the agency,
including whether the information will have practical utility.
[[Page 17139]]
Evaluate the accuracy of the agency's estimate of the
burden of the proposed collection of information, including the
validity of the methodology and assumptions used.
Enhance the quality, utility, and clarity of the
information to be collected; and
Minimize the burden of the collection of information on
those who are to respond, including using appropriate automated,
electronic, mechanical, or other technological collection techniques or
other forms of information technology, e.g., by permitting electronic
submissions of responses.
Comments submitted in response to this notice will be summarized
and/or included in the ICR for OMB approval of the extension of the
information collection; they will also become a matter of public
record.
Approved: March 21, 2022.
Ronald J. Durbala,
IRS Tax Analyst.
[FR Doc. 2022-06329 Filed 3-24-22; 8:45 am]
BILLING CODE 4830-01-P
