Proposed Collection; Requesting Comments on Form 4952, 75376-75377 [2023-24159]
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75376
Federal Register / Vol. 88, No. 211 / Thursday, November 2, 2023 / Notices
Washington, DC 20224, or through the
internet at jon.r.callahan@irs.gov.
SUPPLEMENTARY INFORMATION: The IRS is
currently seeking comments concerning
the following information collection
tools, reporting, and record-keeping
requirements:
Title: Requirements for a Qualified
Domestic Trust.
OMB Number: 1545–1443.
Regulation Project Number: TD 8686.
Abstract: This document contains
final regulations that provide guidance
relating to the additional requirements
necessary to ensure the collection of the
estate tax imposed under IRC section
2056A(b) with respect to taxable events
involving qualified domestic trusts
(QDOTs) described in IRC section
2056A(a). To ensure collection of the
tax, the regulation provides various
security options that may be selected by
the trust and the requirements
associated with each option. Under
certain circumstances, the trust is
required to file an annual statement
with the IRS disclosing the assets held
by the trust.
Current Actions: There is no change to
the existing collection.
Type of Review: Extension of a
currently approved collection.
Affected Public: Individuals and
households.
Estimated Number of Responses:
4,390.
Estimated Time per Respondent: 1
hour, 23 minutes.
Estimated Total Annual Burden
Hours: 6,070.
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
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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: October 27, 2023.
Jon R. Callahan,
Senior Tax Analyst.
[FR Doc. 2023–24157 Filed 11–1–23; 8:45 am]
BILLING CODE 4830–01–P
DEPARTMENT OF THE TREASURY
Internal Revenue Service
Proposed Collection; Requesting
Comments on Form 4952
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 proposed and/or
continuing information collections, as
required by the Paperwork Reduction
Act of 1995. The IRS is soliciting
comments concerning Form 4952,
Investment Interest Expense Deduction.
DATES: Written comments should be
received on or before January 2, 2024 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 No. 1545–0191 in
the subject line of the message.
FOR FURTHER INFORMATION CONTACT:
Requests for additional information or
copies of this collection should be
directed to Jon Callahan, (737) 800–
7639, at Internal Revenue Service, Room
6526, 1111 Constitution Avenue NW,
Washington, DC 20224, or through the
internet at jon.r.callahan@irs.gov.
SUPPLEMENTARY INFORMATION: The IRS is
currently seeking comments concerning
the following information collection
tools, reporting, and record-keeping
requirements:
Title: Investment Interest Expense
Deduction.
OMB Number: 1545–0191.
Form Number: Form 4952.
SUMMARY:
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Abstract: Interest expense paid by an
individual, estate, or trust on a loan
allocable to property held for
investment may not be fully deductible
in the current year. Form 4952 is used
to compute the amount of investment
interest expense deductible for the
current year and the amount, if any, to
carry forward to future years.
Current Actions: There is no change to
the existing collection. However, the
estimated number of responses was
updated to eliminate duplication of the
burden associated with individual
respondents captured under OMB
control numbers 1545–0074.
Type of Review: Extension of a
currently approved collection.
Affected Public: Business or other forprofit organizations.
Estimated Number of Responses:
128,500.
Estimated Time per Respondent: 1
hour, 30 minutes.
Estimated Total Annual Burden
Hours: 192,750.
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.
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Federal Register / Vol. 88, No. 211 / Thursday, November 2, 2023 / Notices
Approved: October 27, 2023.
Jon R. Callahan,
Senior Tax Analyst.
[FR Doc. 2023–24159 Filed 11–1–23; 8:45 am]
BILLING CODE 4830–01–P
DEPARTMENT OF THE TREASURY
Privacy Act of 1974; System of
Records
Department of the Treasury.
Notice of a modified system of
AGENCY:
ACTION:
records.
In accordance with the
Privacy Act of 1974, the Department of
the Treasury (‘‘Treasury’’ or the
‘‘Department’’), proposes to modify a
current Treasury system of records
titled, ‘‘Department of the Treasury,
.017—Correspondence, Contact
Information, and Meeting Records—
Treasury’’, by expanding the title,
purpose, and categories of records in
this system of records, along with new
routine uses.
DATES: Submit comments on or before
December 4, 2023. The new and/or
significantly modified routine uses will
be applicable on December 4, 2023. The
new routine uses will not be applicable
should Treasury receive comments and
determines that changes to the system of
records notice are necessary.
ADDRESSES: Comments may be
submitted to the Federal eRulemaking
Portal electronically at https://
www.regulations.gov. Comments can
also be sent to the Deputy Assistant
Secretary for Privacy, Transparency, and
Records, Department of the Treasury,
1500 Pennsylvania Avenue NW,
Washington, DC 20220, Attention:
Revisions to Privacy Act Systems of
Records. All comments received,
including attachments and other
supporting documents, are part of the
public record and subject to public
disclosure. All comments received will
be posted without change to
www.regulations.gov, including any
personal information provided. You
should submit only information that
you wish to make publicly available.
FOR FURTHER INFORMATION CONTACT: For
general questions and questions
regarding privacy issues, please contact:
Ryan Law, Deputy Assistant Secretary
for Privacy, Transparency, and Records
(202–622–5710), Department of the
Treasury, 1500 Pennsylvania Avenue
NW, Washington, DC 20220.
SUPPLEMENTARY INFORMATION: In
accordance with the Privacy Act of
1974, 5 U.S.C. 552a, the Department of
the Treasury proposes to modify a
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SUMMARY:
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current Treasury system of records
titled, ‘‘Department of the Treasury,
.017—Correspondence, Contact
Information, and Meeting Records—
Treasury.’’
The systems are maintained for the
purpose of mailing informational
literature or responses to those who
request it; maintaining lists of
individuals who attend Treasury
sponsored events, conferences, work
activities, or events in which Treasury
or one of its bureaus or offices
participated, including meetings or
conferences; and for other purposes for
which mailing or contact lists may be
created.
This notice modification is an
expansion of the title and purpose of
this system of records. As identified in
sections below, the categories of records
in the system have been updated to
include records related to meetings,
consolidation of record types, and new
routine uses related to breaches of this
system of records.
Treasury has provided a report of this
system of records to the Committee on
Oversight and Government Reform of
the House of Representatives, the
Committee on Homeland Security and
Governmental Affairs of the Senate, and
the Office of Management and Budget
(OMB), pursuant to 5 U.S.C. 552a(r) and
OMB Circular A–108, ‘‘Federal Agency
Responsibilities for Review, Reporting,
and Publication under the Privacy Act,’’
dated December 23, 2016.
Ryan Law,
Deputy Assistant Secretary for Privacy,
Transparency, and Records.
SYSTEM NAME AND NUMBER:
Department of the Treasury, .017—
Correspondence, Contact Information,
and Meeting Records—Treasury
SECURITY CLASSIFICATION:
Unclassified.
SYSTEM LOCATION:
The records are located in Treasury
bureaus and offices, both in
Washington, DC and at field locations as
follows:
(1) Departmental Offices: 1500
Pennsylvania Ave. NW, Washington, DC
20220;
(2) Alcohol and Tobacco Tax and
Trade Bureau: 1310 G St. NW,
Washington, DC 20220.
(3) Office of the Comptroller of the
Currency: Constitution Center, 400
Seventh St. SW, Washington, DC 20024;
(4) Fiscal Service: Liberty Center
Building, 401 14th St. SW, Washington,
DC 20227;
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75377
(5) Internal Revenue Service: 1111
Constitution Ave. NW, Washington, DC
20224;
(6) United States Mint: 801 Ninth St.
NW, Washington, DC 20220;
(7) Bureau of Engraving and Printing:
Eastern Currency Facility, 14th and C
Streets SW, Washington, DC 20228 and
Western Currency Facility, 9000 Blue
Mound Rd., Fort Worth, TX 76131;
(8) Financial Crimes Enforcement
Network: Vienna, VA 22183;
(9) Special Inspector General for the
Troubled Asset Relief Program
(SIGTARP): 1801 L St. NW, Washington,
DC 20220;
(10) Office of Inspector General: 740
15th St. NW, Washington, DC 20220;
(11) Office of the Treasury Inspector
General for Tax Administration: 1125
15th St. NW, Suite 700A, Washington,
DC 20005; and
(12) Financial Stability Oversight
Council (FSOC): 1500 Pennsylvania
Ave. NW, Washington, DC 20220.
SYSTEM MANAGER(S):
Deputy Assistant Secretary, Office of
Privacy, Transparency, and Records,
1500 Pennsylvania Avenue NW,
Washington, DC 20220.
AUTHORITY FOR MAINTENANCE OF THE SYSTEM:
5 U.S.C. 301.
PURPOSE(S) OF THE SYSTEM:
The systems are maintained to mail
informational literature or responses to
those who request it; maintain lists and
other information about individuals
who attend or present at Treasury
sponsored events, conferences, work
meetings and other activities, or events
in which Treasury participates;
maintain lists and credentials of
individuals who Treasury may consult
professionally in furtherance of its
mission; maintain records related to
meetings, including video/audio
recordings, transcripts, and for other
purposes for which mailing,
correspondence, contact lists, or
meeting records may be created.
CATEGORIES OF INDIVIDUALS COVERED BY THE
SYSTEM:
• Individuals who serve on Treasury
boards and committees;
• Third parties who identify potential
contacts or who provide information
Treasury uses to determine an
individual’s inclusion on a mailing or
contact list;
• Individuals who provide contact
information, or otherwise consent to
having their contact information used,
for facilitating communication with
Treasury, including but not limited to,
members of the public, government
officials, representatives of industry,
E:\FR\FM\02NON1.SGM
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]]>Agencies
[Federal Register Volume 88, Number 211 (Thursday, November 2, 2023)]
[Notices]
[Pages 75376-75377]
From the Federal Register Online via the Government Publishing Office [www.gpo.gov]
[FR Doc No: 2023-24159]
-----------------------------------------------------------------------
DEPARTMENT OF THE TREASURY
Internal Revenue Service
Proposed Collection; Requesting Comments on Form 4952
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 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. The IRS is soliciting comments
concerning Form 4952, Investment Interest Expense Deduction.
DATES: Written comments should be received on or before January 2, 2024
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 OMB Control No.
1545-0191 in the subject line of the message.
FOR FURTHER INFORMATION CONTACT: Requests for additional information or
copies of this collection should be directed to Jon Callahan, (737)
800-7639, at Internal Revenue Service, Room 6526, 1111 Constitution
Avenue NW, Washington, DC 20224, or through the internet at
[email protected].
SUPPLEMENTARY INFORMATION: The IRS is currently seeking comments
concerning the following information collection tools, reporting, and
record-keeping requirements:
Title: Investment Interest Expense Deduction.
OMB Number: 1545-0191.
Form Number: Form 4952.
Abstract: Interest expense paid by an individual, estate, or trust
on a loan allocable to property held for investment may not be fully
deductible in the current year. Form 4952 is used to compute the amount
of investment interest expense deductible for the current year and the
amount, if any, to carry forward to future years.
Current Actions: There is no change to the existing collection.
However, the estimated number of responses was updated to eliminate
duplication of the burden associated with individual respondents
captured under OMB control numbers 1545-0074.
Type of Review: Extension of a currently approved collection.
Affected Public: Business or other for-profit organizations.
Estimated Number of Responses: 128,500.
Estimated Time per Respondent: 1 hour, 30 minutes.
Estimated Total Annual Burden Hours: 192,750.
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.
[[Page 75377]]
Approved: October 27, 2023.
Jon R. Callahan,
Senior Tax Analyst.
[FR Doc. 2023-24159 Filed 11-1-23; 8:45 am]
BILLING CODE 4830-01-P
