Proposed Collection; Comment Request for Information Collection Tools, 77169 [2022-27247]
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Federal Register / Vol. 87, No. 241 / Friday, December 16, 2022 / Notices
DEPARTMENT OF THE TREASURY
Internal Revenue Service
Proposed Collection; Comment
Request for Information Collection
Tools
Internal Revenue Service (IRS),
Treasury.
ACTION: Notice and request for
comments.
AGENCY:
The Department of the
Treasury, 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,
Public Law 104–13. Currently, the IRS
is soliciting comments concerning Form
972, Consent of Shareholder To Include
Specific Amount in Gross Income.
DATES: Written comments should be
received on or before February 14, 2023
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, or
by email to pra.comments@irs.gov.
Include 1545–0043 or Consent of
Shareholder To Include Specific
Amount in Gross Income in the subject
line of the message.
FOR FURTHER INFORMATION CONTACT:
Requests for additional information or
copies of this collection should be
directed to LaNita Van Dyke, at
(202)317–6009, at Internal Revenue
Service, Room 6526, 1111 Constitution
Avenue NW, Washington, DC 20224, or
through the internet at
Lanita.VanDyke@irs.gov.
SUPPLEMENTARY INFORMATION:
Title: Consent of Shareholder To
Include Specific Amount in Gross
Income.
OMB Number: 1545–0043.
Form Number: 972.
Abstract: Form 972 is filed by
shareholders of corporations who agree
to include a consent dividend in gross
income as a taxable dividend. The IRS
uses Form 972 as a check to see if an
amended return is filed by the
shareholder to include the amount in
income and to determine if the
corporation claimed the correct amount
as a deduction on its tax return.
Current Actions: There is no change
in the paperwork burden previously
approved by OMB.
Type of Review: Extension of a
currently approved collection.
lotter on DSK11XQN23PROD with NOTICES1
SUMMARY:
VerDate Sep<11>2014
20:05 Dec 15, 2022
Jkt 259001
Affected Public: Business or other forprofit organizations.
Estimated Number of Respondents:
100.
Estimated Time per Respondent: 3
hrs, 51 min.
Estimated Total Annual Burden
Hours: 385.
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: December 12, 2022.
Molly J. Stasko,
Supervisory Tax Analyst.
[FR Doc. 2022–27247 Filed 12–15–22; 8:45 am]
BILLING CODE 4830–01–P
DEPARTMENT OF THE TREASURY
Survey of U.S. Ownership of Foreign
Securities as of December 31, 2022
Departmental Offices,
Department of the Treasury.
ACTION: Notice of reporting
requirements.
AGENCY:
Summary: By this Notice, the
Department of the Treasury is informing
the public that it is conducting a
mandatory survey of ownership of
foreign securities by U.S. residents as of
PO 00000
Frm 00113
Fmt 4703
Sfmt 4703
77169
December 31, 2022. This Notice
constitutes legal notification to all
United States persons (defined below)
who meet the reporting requirements set
forth in this Notice that they must
respond to, and comply with, this
survey. The reporting form SHCA (2022)
and instructions may be printed from
the internet at:https://
home.treasury.gov/data/treasuryinternational-capital-tic-system-homepage/tic-forms-instructions/forms-shc.
Definition: Pursuant to 22 U.S.C.
3102(3) and (4): a person means any
individual, branch, partnership,
associated group, association, estate,
trust, corporation, or other organization
(whether or not organized under the
laws of any State), and any government
(including a foreign government, the
United States Government, a State or
local government, and any agency,
corporation, financial institution, or
other entity or instrumentality thereof,
including a government-sponsored
agency); and a United States person
means any person resident in the United
States or subject to the jurisdiction of
the United States.
Who Must Report: The reporting panel
is based upon the data submitted for the
2021 Benchmark survey and the June
2022 TIC report ‘‘Aggregate Holdings of
Long-Term Securities by U.S. and
Foreign Residents’’ (TIC SLT). Entities
required to report will be contacted
individually by the Federal Reserve
Bank of New York. Entities not
contacted by the Federal Reserve Bank
of New York have no reporting
responsibilities.
What to Report: This report will
collect information on holdings by U.S.
residents of foreign securities, including
equities, long-term debt securities, and
short-term debt securities (including
selected money market instruments).
How to Report: Copies of the survey
forms and instructions, which contain
complete information on reporting
procedures and definitions, may be
obtained at the website address given
above in the Summary. Completed
reports can be submitted electronically
or via email at SHC.help@ny.frb.org.
Inquiries can be made to the survey staff
of the Federal Reserve Bank of New
York at (212) 720–6300 or email:
SHC.help@ny.frb.org. Inquiries can also
be made to Dwight Wolkow at (202)
622–1276, email: comments2TIC@
do.treas.gov.
When to Report: Data must be
submitted to the Federal Reserve Bank
of New York, acting as fiscal agent for
the Department of the Treasury, by
March 3, 2023.
Paperwork Reduction Act Notice: This
data collection has been approved by
E:\FR\FM\16DEN1.SGM
16DEN1
]]>Agencies
[Federal Register Volume 87, Number 241 (Friday, December 16, 2022)]
[Notices]
[Page 77169]
From the Federal Register Online via the Government Publishing Office [www.gpo.gov]
[FR Doc No: 2022-27247]
[[Page 77169]]
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DEPARTMENT OF THE TREASURY
Internal Revenue Service
Proposed Collection; Comment Request for Information Collection
Tools
AGENCY: Internal Revenue Service (IRS), Treasury.
ACTION: Notice and request for comments.
-----------------------------------------------------------------------
SUMMARY: The Department of the Treasury, 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, Public Law 104-13. Currently, the
IRS is soliciting comments concerning Form 972, Consent of Shareholder
To Include Specific Amount in Gross Income.
DATES: Written comments should be received on or before February 14,
2023 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, or by email to [email protected]. Include 1545-0043 or
Consent of Shareholder To Include Specific Amount in Gross Income in
the subject line of the message.
FOR FURTHER INFORMATION CONTACT: Requests for additional information or
copies of this collection should be directed to LaNita Van Dyke, at
(202)317-6009, at Internal Revenue Service, Room 6526, 1111
Constitution Avenue NW, Washington, DC 20224, or through the internet
at [email protected].
SUPPLEMENTARY INFORMATION:
Title: Consent of Shareholder To Include Specific Amount in Gross
Income.
OMB Number: 1545-0043.
Form Number: 972.
Abstract: Form 972 is filed by shareholders of corporations who
agree to include a consent dividend in gross income as a taxable
dividend. The IRS uses Form 972 as a check to see if an amended return
is filed by the shareholder to include the amount in income and to
determine if the corporation claimed the correct amount as a deduction
on its tax return.
Current Actions: There is no change in the paperwork burden
previously approved by OMB.
Type of Review: Extension of a currently approved collection.
Affected Public: Business or other for-profit organizations.
Estimated Number of Respondents: 100.
Estimated Time per Respondent: 3 hrs, 51 min.
Estimated Total Annual Burden Hours: 385.
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: December 12, 2022.
Molly J. Stasko,
Supervisory Tax Analyst.
[FR Doc. 2022-27247 Filed 12-15-22; 8:45 am]
BILLING CODE 4830-01-P
