Proposed Collection; Comment Request for Form 706-NA, 87843 [2023-27772]
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Federal Register / Vol. 88, No. 242 / Tuesday, December 19, 2023 / Notices
interests in property are blocked
pursuant to E.O. 13224.
Dated: December 13, 2023.
Bradley T. Smith,
Director, Office of Foreign Assets Control,
U.S. Department of the Treasury.
[FR Doc. 2023–27814 Filed 12–18–23; 8:45 am]
BILLING CODE 4810–AL–P
DEPARTMENT OF THE TREASURY
Internal Revenue Service
Proposed Collection; Comment
Request for Form 706–NA
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 706–NA, U.S. Estate (and
Generation-Skipping Transfer) Tax
Return.
SUMMARY:
Written comments should be
received on or before February 20, 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 Number 1545–
0531 in the subject line of the message.
FOR FURTHER INFORMATION CONTACT:
Requests for additional information or
copies of the form and instructions
should be directed to Sara Covington,
(202) 317–5744, at 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: U.S. Estate (and GenerationSkipping Transfer) Tax Return Estate of
Nonresident not a Citizen of the U.S.
OMB Number: 1545–0531.
Form Number: 706–NA.
Abstract: Form 706–NA is used to
compute estate and generation-skipping
transfer tax liability for nonresident
alien decedents in accordance with
section 6018 of the Internal Revenue
Code. IRS uses the information on the
form to determine the correct amount of
tax and credits.
lotter on DSK11XQN23PROD with NOTICES1
DATES:
VerDate Sep<11>2014
17:33 Dec 18, 2023
Jkt 262001
Current Actions: There are no changes
being made to the collection at this
time.
Type of Review: Extension of a
currently approved collection.
Affected Public: Individuals or
households; and Businesses or other forprofit organizations.
Estimated Number of Responses: 800.
Estimated Time per Respondent: 4
hours, 29 minutes.
Estimated Total Annual Burden
Hours: 3,584.
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: December 12, 2023.
Sara L. Covington,
IRS Tax Analyst.
[FR Doc. 2023–27772 Filed 12–18–23; 8:45 am]
BILLING CODE 4830–01–P
DEPARTMENT OF THE TREASURY
RIN 1505–AC62
IMARA Calculation for Calendar Year
2024 Under the Terrorism Risk
Insurance Program
Departmental Offices,
Department of the Treasury.
AGENCY:
PO 00000
Frm 00109
Fmt 4703
Sfmt 4703
ACTION:
87843
Notice.
The Department of the
Treasury (Treasury) is providing notice
to the public of the insurance
marketplace aggregate retention amount
(IMARA) for calendar year 2024 for
purposes of the Terrorism Risk
Insurance Program (TRIP or the
Program) under the Terrorism Risk
Insurance Act, as amended (TRIA or the
Act). As explained below, Treasury has
determined that the IMARA for calendar
year 2024 is $48,537,421,582.
DATES: The IMARA for calendar year
2024 is applicable January 1, 2024,
through December 31, 2024.
FOR FURTHER INFORMATION CONTACT:
Richard Ifft, Lead Management and
Senior Regulatory Policy Analyst,
Terrorism Risk Insurance Program,
Federal Insurance Office, 202–622–2922
or Theodore Newman, Senior Insurance
Regulatory Policy Analyst, Federal
Insurance Office, 202–622–7009.
SUPPLEMENTARY INFORMATION:
SUMMARY:
I. Background
TRIA—which established TRIP—was
signed into law on November 26, 2002,
following the attacks of September 11,
2001, to address disruptions in the
market for terrorism risk insurance, to
help ensure the continued availability
and affordability of commercial
property and casualty insurance for
terrorism risk, and to allow for the
private markets to stabilize and build
insurance capacity to absorb any future
losses for terrorism events.1 TRIA
requires insurers to ‘‘make available’’
terrorism risk insurance for commercial
property and casualty losses resulting
from certified acts of terrorism, and
provides for shared public and private
compensation for such insured losses.
The Program has been reauthorized four
times, most recently by the Terrorism
Risk Insurance Program Reauthorization
Act of 2019.2 The Secretary of the
Treasury (Secretary) administers the
Program, with assistance from the
Federal Insurance Office (FIO).3
TRIA provides for an ‘‘industry
marketplace aggregate retention
1 Public Law 107–297, sec. 101(b), 116 Stat. 2322,
codified at 15 U.S.C. 6701 note. Because the
provisions of TRIA (as amended) appear in a note
instead of particular sections of the U.S. Code, the
provisions of TRIA are identified by the sections of
the law.
2 See Terrorism Risk Insurance Extension Act of
2005, Public Law 109–144, 119 Stat. 2660;
Terrorism Risk Insurance Program Reauthorization
Act of 2007, Public Law 110–160, 121 Stat. 1839;
Terrorism Risk Insurance Program Reauthorization
Act of 2015, Public Law 114–1, 129 Stat. 3 (2015
Reauthorization Act); Terrorism Risk Insurance
Program Reauthorization Act of 2019, Public Law
116–94, 133 Stat. 2534.
3 31 U.S.C. 313(c)(1)(D).
E:\FR\FM\19DEN1.SGM
19DEN1
]]>Agencies
[Federal Register Volume 88, Number 242 (Tuesday, December 19, 2023)]
[Notices]
[Page 87843]
From the Federal Register Online via the Government Publishing Office [www.gpo.gov]
[FR Doc No: 2023-27772]
-----------------------------------------------------------------------
DEPARTMENT OF THE TREASURY
Internal Revenue Service
Proposed Collection; Comment Request for Form 706-NA
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 706-NA, U.S. Estate (and Generation-Skipping Transfer)
Tax Return.
DATES: Written comments should be received on or before February 20,
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 Number
1545-0531 in the subject line of the message.
FOR FURTHER INFORMATION CONTACT: Requests for additional information or
copies of the form and instructions should be directed to Sara
Covington, (202) 317-5744, at Internal Revenue Service, Room 6526, 1111
Constitution Avenue NW, Washington DC 20224, or through the internet,
at [email protected].
SUPPLEMENTARY INFORMATION:
Title: U.S. Estate (and Generation-Skipping Transfer) Tax Return
Estate of Nonresident not a Citizen of the U.S.
OMB Number: 1545-0531.
Form Number: 706-NA.
Abstract: Form 706-NA is used to compute estate and generation-
skipping transfer tax liability for nonresident alien decedents in
accordance with section 6018 of the Internal Revenue Code. IRS uses the
information on the form to determine the correct amount of tax and
credits.
Current Actions: There are no changes being made to the collection
at this time.
Type of Review: Extension of a currently approved collection.
Affected Public: Individuals or households; and Businesses or other
for-profit organizations.
Estimated Number of Responses: 800.
Estimated Time per Respondent: 4 hours, 29 minutes.
Estimated Total Annual Burden Hours: 3,584.
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: December 12, 2023.
Sara L. Covington,
IRS Tax Analyst.
[FR Doc. 2023-27772 Filed 12-18-23; 8:45 am]
BILLING CODE 4830-01-P
