Proposed Extension of Information Collection Request Submitted for Public Comment; Withholding of Tax and Information Reporting With Respect to Interests in Partnerships Engaged in a U.S. Trade or Business, 54709-54710 [2023-17196]

Download as PDF lotter on DSK11XQN23PROD with NOTICES1 Federal Register / Vol. 88, No. 154 / Friday, August 11, 2023 / Notices comments received go to the Federal eRulemaking Portal: Go to https:// www.regulations.gov. Follow the online instructions for submitting comments. Fax: 1–202–493–2251. Mail: Docket Management Facility, U.S. Department of Transportation, West Building Ground Floor, Room W12–140, 1200 New Jersey Avenue SE, Washington, DC 20590–0001. Hand Delivery or Courier: U.S. Department of Transportation, West Building Ground Floor, Room W12–140, 1200 New Jersey Avenue SE, Washington, DC 20590, between 9 a.m. and 5 p.m. ET, Monday through Friday, except Federal holidays. FOR FURTHER INFORMATION CONTACT: Govind Vadakpat Ph.D., 202–366–5004, Smart Infrastructure Program Manager, Intelligent Transportation Systems Joint Program Office (ITS JPO), Department of Transportation, 1200 New Jersey Avenue SE, Washington, DC 20590. Office hours are from 8 a.m. to 5 p.m., Monday through Friday, except Federal holidays. SUPPLEMENTARY INFORMATION: Title: U.S. DOT Intersection Safety Challenge—System Assessment and Virtual Testing Competition. Background: Improving the safety of pedestrians, bicyclists, and other vulnerable road users is of critical importance to achieving the objectives of the U.S. Department of Transportation (DOT) National Roadway Safety Strategy (NRSS) and DOT’s vision of zero fatalities and serious injuries across our transportation system. According to data from the National Highway Traffic Safety Administration (NHTSA), in 2020 there were 10,626 traffic fatalities in the United States at roadway intersections, including 1,674 pedestrian and 355 bicyclist fatalities. These fatalities at intersections represent 27% of the total of 38,824 road traffic deaths recorded in 2020. In response to these growing concerns and as part of the NRSS Call to Action, the DOT Intersection Safety Challenge (hereafter, ‘‘the Challenge’’) incentivizes the development of new, cost-effective, real-time roadway Intersection Safety System (ISS) concepts that apply emerging technologies to identify and mitigate unsafe roadway intersection conditions involving vehicles and vulnerable road users. Innovative ISS concepts may utilize emerging technologies, e.g., machine sensing and perception, data fusion, artificial intelligence (AI) and machine learning (ML), trajectory and path prediction, vehicle-to-everything (V2X) communications, and real-time VerDate Sep<11>2014 16:59 Aug 10, 2023 Jkt 259001 decision-making to generate anticipatory warning systems and other safety-countermeasures. In the U.S. DOT Intersection Safety Challenge—System Assessment and Virtual Testing Competition, participants will develop and improve algorithms for the detection, localization, and classification of vulnerable road users and vehicles using government-supplied sensor data. These government-supplied data include contemporaneous feeds from diverse sensor technology deployed at the roadside in a controlled test intersection. Participants will use these data and their resulting algorithms to predict future intersection conditions and identify potentially unsafe conditions (current or predicted). The accuracy of these predictions will be measured against observed ground truth conditions as part of a broader set of judging criteria. To be eligible for a prize, submissions must include a structured description of identified and predicted intersection conditions as well as the executable computer programming code required to support independent validation. Participants may submit an optional Concept Paper describing their ISS concept and the potential of this concept to address the vision and objectives of the Challenge. The government anticipates awarding multiple prizes. Detailed rules and judging criteria will be provided when the prize competition is formally announced. Respondents: Approximately 40 participants (or participant teams) are expected to respond to the prize competition. Frequency: Participants may submit the structured description and supporting computer programming code (for validation) up to three times during the duration of the U.S. DOT Intersection Safety Challenge—System Assessment and Virtual Testing Competition. Participants may submit an optional Concept Paper at any time prior to the close of the prize competition. Estimated Average Burden per Response: Approximately 2,000 total staff-hours is estimated for a participant to complete up to 3 submissions with all required elements for the U.S. DOT Intersection Safety Challenge—System Assessment and Virtual Testing Competition. Further, the completion of the optional Concept Paper is estimated at 170 staff-hours. Estimated Total Annual Burden Hours: 40 respondents × 2,170 hours = 86,800 hours. Public Comments Invited: You are asked to comment on any aspect of this PO 00000 Frm 00145 Fmt 4703 Sfmt 4703 54709 information collection, including: (1) Whether the proposed collection is necessary for DOT’s performance; (2) the accuracy of the estimated burdens; (3) ways for DOT to enhance the quality, usefulness, and clarity of the collected information; and (4) ways that the burden could be minimized, including the use of electronic technology, without reducing the quality of the collected information. The agency will summarize and/or include your comments in the request for OMB’s clearance of this information collection. Authority: The Paperwork Reduction Act of 1995; 44 U.S.C. chapter 35, as amended; and 49 CFR 1.48. Issued on: August 8, 2023. Michael Howell, Information Collection Officer. [FR Doc. 2023–17276 Filed 8–10–23; 8:45 am] BILLING CODE 4910–22–P DEPARTMENT OF THE TREASURY Internal Revenue Service Proposed Extension of Information Collection Request Submitted for Public Comment; Withholding of Tax and Information Reporting With Respect to Interests in Partnerships Engaged in a U.S. Trade or Business 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 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. The IRS is soliciting comments concerning withholdings of tax and information reporting with respect to certain dispositions of interests in partnerships engaged in a trade or business within the United States. DATES: Written comments should be received on or before October 10, 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. Please reference the information collection’s ‘‘OMB number 1545–2292’’ in the subject line of the message. FOR FURTHER INFORMATION CONTACT: Requests for additional information or SUMMARY: E:\FR\FM\11AUN1.SGM 11AUN1 lotter on DSK11XQN23PROD with NOTICES1 54710 Federal Register / Vol. 88, No. 154 / Friday, August 11, 2023 / Notices copies of the regulations should be directed to Sara Covington, at (202) 317–5744, or 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: Withholding of Tax and Information Reporting With Respect to Interests in Partnerships Engaged in a U. S. Trade or Business. OMB Control Number: 1545–2292. Regulation Project Number: TD 9926. Abstract: These final regulations under section 1446(f) provide guidance related to the withholding of tax and information reporting with respect to certain dispositions of interests in partnerships engaged in a trade or business within the United States. The final regulations affect certain foreign persons that recognize gain or loss from the sale or exchange of an interest in a partnership that is engaged in a trade or business within the United States, and persons that acquire those interests. The final regulations also affect partnerships that, directly or indirectly, have foreign persons as partners. Current Actions: There is no change to existing regulation. Type of Review: Extension without change of a currently approved collection. Affected Public: Business or other forprofit organizations and individuals. Estimated Number of Respondents: 76,000. Estimated Time per Respondent: 40 minutes. Estimated Total Annual Burden Hours: 50,920. 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; VerDate Sep<11>2014 16:59 Aug 10, 2023 Jkt 259001 (b) the accuracy of the agency’s estimate of the burden of the collection f 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: August 7, 2023. Sara L. Covington, IRS Tax Analyst. [FR Doc. 2023–17196 Filed 8–10–23; 8:45 am] BILLING CODE 4830–01–P DEPARTMENT OF THE TREASURY Internal Revenue Service Proposed Collection; Comment Request Relating to Notice of Recapture Event for New Markets Credit 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 general public and other Federal agencies to take this opportunity to comment on continuing information collections, as required by the Paperwork Reduction Act of 1995. The IRS is soliciting comments concerning notice of recapture event for new markets credit. DATES: Written comments should be received on or before October 10, 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 OMB control number 1545– 2066 or Notice of Recapture Event for New Markets Credit. FOR FURTHER INFORMATION CONTACT: Requests for additional information or copies of the form should be directed to Kerry Dennis at (202) 317–5751, or at Internal Revenue Service, Room 6526, 1111 Constitution Avenue NW, Washington, DC 20224, or through the internet, at Kerry.L.Dennis@irs.gov. SUPPLEMENTARY INFORMATION: Title: Notice of Recapture Event for New Markets Credit. OMB Number: 1545–2066. SUMMARY: PO 00000 Frm 00146 Fmt 4703 Sfmt 9990 Form Number: 8874–B. Abstract: Community Development Entities (CDEs) must provide notification to any taxpayer holder of a qualified equity investment (including prior holders) that a recapture event has occurred. This form is used to make the notification as required under Regulations section 1.45D–1(g)(2)(i)(B). Current Actions: There are no changes to burden. Type of Review: Extension of a currently approved collection. Affected Public: Individual or households, Business or other for-profit. Estimated Number of Respondents: 500. Estimated Time per Response: 5 hours, 30 minutes. Estimated Total Annual Burden Hours: 2,755 hours. 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. 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: August 7, 2023. Kerry L. Dennis, Tax Analyst. [FR Doc. 2023–17250 Filed 8–10–23; 8:45 am] BILLING CODE 4830–01–P E:\FR\FM\11AUN1.SGM 11AUN1

Agencies

[Federal Register Volume 88, Number 154 (Friday, August 11, 2023)]
[Notices]
[Pages 54709-54710]
From the Federal Register Online via the Government Publishing Office [www.gpo.gov]
[FR Doc No: 2023-17196]


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DEPARTMENT OF THE TREASURY

Internal Revenue Service


Proposed Extension of Information Collection Request Submitted 
for Public Comment; Withholding of Tax and Information Reporting With 
Respect to Interests in Partnerships Engaged in a U.S. Trade or 
Business

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 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. The IRS is soliciting comments 
concerning withholdings of tax and information reporting with respect 
to certain dispositions of interests in partnerships engaged in a trade 
or business within the United States.

DATES: Written comments should be received on or before October 10, 
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]. Please reference the 
information collection's ``OMB number 1545-2292'' in the subject line 
of the message.

FOR FURTHER INFORMATION CONTACT: Requests for additional information or

[[Page 54710]]

copies of the regulations should be directed to Sara Covington, at 
(202) 317-5744, or Internal Revenue Service, Room 6526, 1111 
Constitution Avenue NW, Washington, DC 20224, or through the internet, 
at [email protected].

SUPPLEMENTARY INFORMATION: 
    Title: Withholding of Tax and Information Reporting With Respect to 
Interests in Partnerships Engaged in a U. S. Trade or Business.
    OMB Control Number: 1545-2292.
    Regulation Project Number: TD 9926.
    Abstract: These final regulations under section 1446(f) provide 
guidance related to the withholding of tax and information reporting 
with respect to certain dispositions of interests in partnerships 
engaged in a trade or business within the United States. The final 
regulations affect certain foreign persons that recognize gain or loss 
from the sale or exchange of an interest in a partnership that is 
engaged in a trade or business within the United States, and persons 
that acquire those interests. The final regulations also affect 
partnerships that, directly or indirectly, have foreign persons as 
partners.
    Current Actions: There is no change to existing regulation.
    Type of Review: Extension without change of a currently approved 
collection.
    Affected Public: Business or other for-profit organizations and 
individuals.
    Estimated Number of Respondents: 76,000.
    Estimated Time per Respondent: 40 minutes.
    Estimated Total Annual Burden Hours: 50,920.
    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 f 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: August 7, 2023.
Sara L. Covington,
IRS Tax Analyst.
[FR Doc. 2023-17196 Filed 8-10-23; 8:45 am]
BILLING CODE 4830-01-P

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