Proposed Extension of Information Collection Request Submitted for Public Comment; Comment Request Concerning Information Reporting for Form 8811, 68006-68007 [2022-24567]
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68006
Federal Register / Vol. 87, No. 217 / Thursday, November 10, 2022 / Notices
Estimated Total Annual Burden
Hours: 1,720,329.
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.
• 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: November 7, 2022.
Ronald J. Durbala,
IRS Tax Analyst.
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[FR Doc. 2022–24568 Filed 11–9–22; 8:45 am]
BILLING CODE 4830–01–P
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DEPARTMENT OF THE TREASURY
Internal Revenue Service
Proposed Extension of Information
Collection Request Submitted for
Public Comment; Comment Request
Concerning Information Reporting for
Form 8811
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 i
information returns for real estate
mortgage investment conduits (REMICs)
and issuers of collateralized debt
obligations.
SUMMARY:
Written comments should be
received on or before January 9, 2023 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 pra.comments@irs.gov.
Please include, ‘‘OMB Number: 1545–
1099—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
RJoseph.Durbala@irs.gov.
SUPPLEMENTARY INFORMATION:
Title: Information Return for Real
Estate Mortgage Investment Conduits
(REMICs) and Issuers of Collateralized
Debt Obligations.
OMB Number: 1545–1099.
Form Project Number: Form 8811.
Abstract: Current regulations require
real estate mortgage investment
conduits (REMICs) to provide Forms
1099 to true holders of interests in these
investment vehicles. Because of the
complex computations required at each
level and the potential number of
nominees, the ultimate investor may not
receive a Form 1099 and other
information necessary to prepare their
tax return in a timely fashion. Form
8811 collects information for publishing
DATES:
PO 00000
Frm 00152
Fmt 4703
Sfmt 4703
by the IRS so that brokers can contact
REMICs to request the financial
information and timely issue Forms
1099 to holders.
Current Actions: There is no change
in the form previously approved
however, an increase in the estimated
annual responses will increase the
overall estimated burden by 8,760
hours.
Type of Review: Revision of a
currently approved collection.
Affected Public: Business or other forprofit organizations.
Estimated Number of Responses:
3,000.
Estimated Time per Respondent: 4
Hours 23 minutes.
Estimated Total Annual Burden
Hours: 13,140.
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.
• 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.
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Federal Register / Vol. 87, No. 217 / Thursday, November 10, 2022 / Notices
Approved: November 7, 2022.
Ronald J. Durbala,
IRS Tax Analyst.
Public Comment: Members of the
public wishing to comment on the
business of the FACI are invited to
submit written statements by either of
the following methods:
[FR Doc. 2022–24567 Filed 11–9–22; 8:45 am]
BILLING CODE 4830–01–P
Open Meeting of the Federal Advisory
Committee on Insurance
Departmental Offices, U.S.
Department of the Treasury.
ACTION: Notice of open meeting.
AGENCY:
This notice announces that
the U.S. Department of the Treasury’s
Federal Advisory Committee on
Insurance (FACI) will meet via
videoconference on Thursday,
December 8, 2022, from 1 p.m.–4 p.m.
Eastern Time. The meeting is open to
the public. The FACI provides nonbinding recommendation and advice to
the Federal Insurance Office (FIO) in the
U.S. Department of Treasury.
DATES: The meeting will be held via
videoconference on Thursday,
December 8, 2022, from 1 p.m.–4 p.m.
Eastern Time.
ADDRESSES: Attendance: The meeting
will be held via videoconference and is
open to the public. The public can
attend remotely via live webcast:
www.yorkcast.com/treasury/events/
2022/12/08/faci. The webcast will also
be available through the FACI’s website:
https://home.treasury.gov/policy-issues/
financial-markets-financial-institutionsand-fiscal-service/federal-insuranceoffice/federal-advisory-committee-oninsurance-faci. Please refer to the FACI
website for up-to-date information on
this meeting. Requests for reasonable
accommodations under Section 504 of
the Rehabilitation Act should be
directed to Snider Page, Office of Civil
Rights and Diversity, Department of the
Treasury at (202) 622–0341, or
snider.page@treasury.gov.
FOR FURTHER INFORMATION CONTACT: John
Gudgel, Senior Insurance Policy
Analyst, Federal Insurance Office, U.S.
Department of the Treasury, 1500
Pennsylvania Ave. NW, Room 1410 MT,
Washington, DC 20220, at (202) 622–
1748 (this is not a toll-free number).
Persons who have difficulty hearing or
speaking may access this number via
TTY by calling the toll-free Federal
Relay Service at (800) 877–8339.
SUPPLEMENTARY INFORMATION: Notice of
this meeting is provided in accordance
with the Federal Advisory Committee
Act (FACA), 5 U.S.C. App. 10(a)(2),
through implementing regulations at 41
CFR 102–3.150.
lotter on DSK11XQN23PROD with NOTICES1
SUMMARY:
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17:43 Nov 09, 2022
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• Send electronic comments to faci@
treasury.gov.
Paper Statements
• Send paper statements in triplicate
to the Federal Advisory Committee on
Insurance, U.S. Department of the
Treasury, 1500 Pennsylvania Ave. NW,
Room 1410 MT, Washington, DC 20220.
In general, the Department of the
Treasury will make submitted
comments available upon request
without change, including any business
or personal information provided such
as names, addresses, email addresses, or
telephone numbers. Requests for public
comments can be submitted via email to
faci@treasury.gov. The Department of
the Treasury will also make such
statements available for public
inspection and copying in the
Department of the Treasury’s Library,
720 Madison Place NW, Room 1020,
Washington, DC 20220, on official
business days between the hours of
10:00 a.m. and 5:00 p.m. Eastern Time.
You can make an appointment to
inspect statements by telephoning (202)
622–2000. All statements received,
including attachments and other
supporting materials, are part of the
public record and subject to public
disclosure. You should submit only
information that you wish to make
available publicly.
Tentative Agenda/Topics for
Discussion: This will be the fourth FACI
meeting of 2022. In this meeting, the
FACI will continue to discuss topics
related to climate-related financial risk
and the insurance sector and the
availability and affordability of auto
insurance. The FACI will also receive an
update on developments at the
International Association of Insurance
Supervisors and from FIO on its
activities, and consider any new
business.
Dated: November 4, 2022.
Steven Seitz,
Director, Federal Insurance Office.
[FR Doc. 2022–24503 Filed 11–9–22; 8:45 am]
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DEPARTMENT OF THE TREASURY
Office of Foreign Assets Control
Notice of OFAC Sanctions Action
Office of Foreign Assets
Control, Treasury.
ACTION: Notice.
AGENCY:
Electronic Statements
DEPARTMENT OF THE TREASURY
68007
The U.S. Department of the
Treasury’s Office of Foreign Assets
Control (OFAC) is publishing the names
of one or more persons that have been
placed on OFAC’s Specially Designated
Nationals and Blocked Persons List
(SDN List) based on OFAC’s
determination that one or more
applicable legal criteria were satisfied.
All property and interests in property
subject to U.S. jurisdiction of these
persons are blocked, and U.S. persons
are generally prohibited from engaging
in transactions with them.
DATES: See Supplementary Information
section for applicable date.
FOR FURTHER INFORMATION CONTACT:
OFAC: Andrea Gacki, Director, tel.:
202–622–2490; Associate Director for
Global Targeting, tel.: 202–622–2420;
Assistant Director for Licensing, tel.:
202–622–2480; Assistant Director for
Regulatory Affairs, tel.: 202–622–4855;
or the Assistant Director for Sanctions
Compliance & Evaluation, tel.: 202–622–
2490.
SUPPLEMENTARY INFORMATION:
SUMMARY:
Electronic Availability
The SDN List and additional
information concerning OFAC sanctions
programs are available on OFAC’s
website (https://www.treasury.gov/ofac).
Notice of OFAC Action(s)
On November 7, 2022, OFAC
determined that the property and
interests in property subject to U.S.
jurisdiction of the following persons are
blocked under the relevant sanctions
authority listed below.
Individuals
1. AKBAR, Nufael (a.k.a. AKBAR, Nufail),
South Africa; DOB 26 Mar 1972; nationality
South Africa; Gender Male; Secondary
sanctions risk: section 1(b) of Executive
Order 13224, as amended by Executive Order
13886; National ID No. 7203265244080
(South Africa) (individual) [SDGT] (Linked
To: ISLAMIC STATE OF IRAQ AND THE
LEVANT).
Designated pursuant to section 1(a)(iii)(C)
of Executive Order 13224 of September 23,
2001, ‘‘Blocking Property and Prohibiting
Transactions With Persons Who Commit,
Threaten to Commit, or Support Terrorism,’’
66 FR 49079, as amended by Executive Order
13886 of September 9, 2019, ‘‘Modernizing
Sanctions To Combat Terrorism,’’ 84 FR
48041 (E.O. 13224, as amended), for having
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]]>Agencies
[Federal Register Volume 87, Number 217 (Thursday, November 10, 2022)]
[Notices]
[Pages 68006-68007]
From the Federal Register Online via the Government Publishing Office [www.gpo.gov]
[FR Doc No: 2022-24567]
-----------------------------------------------------------------------
DEPARTMENT OF THE TREASURY
Internal Revenue Service
Proposed Extension of Information Collection Request Submitted
for Public Comment; Comment Request Concerning Information Reporting
for Form 8811
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 i information returns for real estate mortgage investment
conduits (REMICs) and issuers of collateralized debt obligations.
DATES: Written comments should be received on or before January 9, 2023
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: 1545-1099--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: Information Return for Real Estate Mortgage Investment
Conduits (REMICs) and Issuers of Collateralized Debt Obligations.
OMB Number: 1545-1099.
Form Project Number: Form 8811.
Abstract: Current regulations require real estate mortgage
investment conduits (REMICs) to provide Forms 1099 to true holders of
interests in these investment vehicles. Because of the complex
computations required at each level and the potential number of
nominees, the ultimate investor may not receive a Form 1099 and other
information necessary to prepare their tax return in a timely fashion.
Form 8811 collects information for publishing by the IRS so that
brokers can contact REMICs to request the financial information and
timely issue Forms 1099 to holders.
Current Actions: There is no change in the form previously approved
however, an increase in the estimated annual responses will increase
the overall estimated burden by 8,760 hours.
Type of Review: Revision of a currently approved collection.
Affected Public: Business or other for-profit organizations.
Estimated Number of Responses: 3,000.
Estimated Time per Respondent: 4 Hours 23 minutes.
Estimated Total Annual Burden Hours: 13,140.
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.
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.
[[Page 68007]]
Approved: November 7, 2022.
Ronald J. Durbala,
IRS Tax Analyst.
[FR Doc. 2022-24567 Filed 11-9-22; 8:45 am]
BILLING CODE 4830-01-P
