Proposed Collection; Comment Request Relating to Adjustments to Basis of Stock and Indebtedness to Shareholders of S Corporations and Treatment of Distributions by S Corporations to Shareholders, 20762-20763 [2024-06182]
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20762
Federal Register / Vol. 89, No. 58 / Monday, March 25, 2024 / Notices
Dated: March 15, 2024.
Bradley T. Smith,
Director, Office of Foreign Assets Control,
U.S. Department of the Treasury.
[FR Doc. 2024–06237 Filed 3–22–24; 8:45 am]
BILLING CODE 4810–AL–P
DEPARTMENT OF THE TREASURY
Office of Foreign Assets Control
Notice of OFAC Sanctions Actions
Office of Foreign Assets
Control, Treasury.
ACTION: Notice.
AGENCY:
The Department of the
Treasury’s Office of Foreign Assets
Control (OFAC) is publishing the names
of two entities and two vessels 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 and vessels are blocked, and
U.S. persons are generally prohibited
from engaging in transactions with
them.
SUMMARY:
See SUPPLEMENTARY INFORMATION
section for applicable date(s).
FOR FURTHER INFORMATION CONTACT:
OFAC: Bradley Smith, 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 Assistant Director for Compliance,
tel.: 202–622–2490.
SUPPLEMENTARY INFORMATION:
DATES:
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)
khammond on DSKJM1Z7X2PROD with NOTICES
On March 6, 2024, OFAC determined
that the property and interests in
property subject to U.S. jurisdiction of
the following entities and vessels are
blocked under the relevant sanctions
authority listed below.
Entities
1. HONGKONG UNITOP GROUP LTD,
Unit 2508A, Bank of America Tower, 12,
Harcourt Road, Central, Hong Kong, China;
Secondary sanctions risk: section 1(b) of
Executive Order 13224, as amended by
Executive Order 13886; Organization
Established Date 09 Jun 2023; C.R. No.
3287498 (Hong Kong); Identification Number
VerDate Sep<11>2014
18:08 Mar 22, 2024
Jkt 262001
IMO 6428388 [SDGT] (Linked To: AL–
JAMAL, Sa’id Ahmad Muhammad).
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’’
(E.O. 13224), 3 CFR, 2019 Comp., p. 356., 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 materially
assisted, sponsored, or provided financial,
material, or technological support for, or
goods or services to or in support of, SA’ID
AL–JAMAL (AL–JAMAL), a person whose
property and interests in property are
blocked pursuant to E.O. 13224, as amended.
2. RENEEZ SHIPPING LIMITED, Trust
Company Complex, Ajeltake Road, Ajeltake,
Majuro 96960, Marshall Islands; Secondary
sanctions risk: section 1(b) of Executive
Order 13224, as amended by Executive Order
13886; Organization Established Date 2023;
Identification Number IMO 6388435 [SDGT]
(Linked To: AL–JAMAL, Sa’id Ahmad
Muhammad).
Designated pursuant to section 1(a)(iii)(C)
of E.O. 13224, as amended, for having
materially assisted, sponsored, or provided
financial, material, or technological support
for, or goods or services to or in support of,
AL–JAMAL, a person whose property and
interests in property are blocked pursuant to
E.O. 13224, as amended.
Vessels
1. ETERNAL FORTUNE (3E5962) Crude
Oil Tanker Panama flag; Secondary sanctions
risk: section 1(b) of Executive Order 13224,
as amended by Executive Order 13886;
Vessel Registration Identification IMO
9230907; MMSI 352003073 (vessel) [SDGT]
(Linked To: HONGKONG UNITOP GROUP
LTD).
Identified pursuant to E.O. 13224, as
amended, as property in which HONGKONG
UNITOP GROUP LTD, a person whose
property and interests in property are
blocked pursuant to E.O. 13224, as amended,
has an interest.
2. RENEEZ (T8A3663) Crude Oil Tanker
Palau flag; Secondary sanctions risk: section
1(b) of Executive Order 13224, as amended
by Executive Order 13886; Vessel
Registration Identification IMO 9232450;
MMSI 511100508 (vessel) [SDGT] (Linked
To: RENEEZ SHIPPING LIMITED).
Identified pursuant to E.O. 13224, as
amended, as property in which RENEEZ
SHIPPING LIMITED, a person whose
property and interests in property are
blocked pursuant to E.O. 13224, as amended,
has an interest.
Dated: March 6, 2024.
Bradley T. Smith,
Director, Office of Foreign Assets Control,
U.S. Department of the Treasury.
[FR Doc. 2024–06238 Filed 3–22–24; 8:45 am]
BILLING CODE 4810–AL–P
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DEPARTMENT OF THE TREASURY
Internal Revenue Service
Proposed Collection; Comment
Request Relating to Adjustments to
Basis of Stock and Indebtedness to
Shareholders of S Corporations and
Treatment of Distributions by S
Corporations to Shareholders
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 adjustments to basis of stock
and indebtedness to shareholders of S
corporations and treatment of
distributions by S corporations to
shareholders.
DATES: Written comments should be
received on or before May 24, 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.
Please include OMB Number 1545–1139
in the Subject line of the message.
Requests for additional information or
copies of the regulations should be
directed to Sara Covington, (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: Adjustments to Basis of Stock
and Indebtedness to Shareholders of S
Corporations and Treatment of
Distributions by S Corporations to
Shareholders.
OMB Number: 1545–1139.
Regulation Project Number: TD 9300
and TD 9428.
Abstract: This document contains
final regulations relating to the
passthrough of items of an S corporation
to its shareholders, the adjustments to
the basis of stock of the shareholders,
and the treatment of distributions by an
S corporation. Changes to the applicable
law were made by the Subchapter S
Revision Act of 1982, the Tax Reform
Act of 1984, the Tax Reform Act of
1986, the Technical and Miscellaneous
Revenue Act of 1988, and the Small
Business Job Protection Act of 1996.
SUMMARY:
E:\FR\FM\25MRN1.SGM
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khammond on DSKJM1Z7X2PROD with NOTICES
Federal Register / Vol. 89, No. 58 / Monday, March 25, 2024 / Notices
These regulations provide the public
with guidance needed to comply with
the applicable law and will affect S
corporations and their shareholders.
Current Actions: There are no changes
being made to this existing regulation or
to the paperwork burden previously
approved by OMB.
Type of Review: Extension of
currently approved collection.
Affected Public: Business or other forprofit organizations and individuals.
Estimated Number of Responses:
2,250.
Estimated Time per Respondent: 12
minutes.
Estimated Total Annual Burden
Hours: 450.
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: March 19, 2024.
Sara L. Covington,
IRS Tax Analyst.
[FR Doc. 2024–06182 Filed 3–22–24; 8:45 am]
BILLING CODE 4830–01–P
VerDate Sep<11>2014
18:08 Mar 22, 2024
Jkt 262001
DEPARTMENT OF THE TREASURY
Internal Revenue Service
Proposed Collection; Comment
Request Relating to Application for
Determination of Employee Stock
Ownership Plan (ESOP)
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 Form 5309, Application for
Determination of Employee Stock
Ownership Plan (ESOP).
DATES: Written comments should be
received on or before May 24, 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.
Please reference ‘‘OMB Control Number
1545–0284’’ in the subject line of the
message.
SUMMARY:
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: Application for Determination
of Employee Stock Ownership Plan
(ESOP).
OMB Number: 1545–0284.
Form Number: 5309.
Abstract: Internal Revenue Code
section 404(a) allows employers an
income tax deduction for contributions
to their qualified deferred compensation
plans. Form 5309 is used to request an
IRS determination letter about whether
the plan is qualified under Code section
409 or 4975(e)(7).
Current Actions: There are no changes
being made to the form at this time.
Type of Review: Extension of a
currently approved collection.
Affected Public: Business or other forprofit organizations.
Estimated Number of Respondents:
3,655.
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20763
Estimated Time per Respondent: 10
hrs., 47 minutes.
Estimated Total Annual Burden
Hours: 26,975.
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: March 19, 2024.
Sara L. Covington,
IRS Tax Analyst.
[FR Doc. 2024–06180 Filed 3–22–24; 8:45 am]
BILLING CODE 4830–01–P
DEPARTMENT OF THE TREASURY
Agency Information Collection
Activities; Submission for OMB
Review; Comment Request; Importer’s
Records and Reports
Departmental Offices,
Department of the Treasury.
ACTION: Notice of information collection;
request for comment.
AGENCY:
The Department of the
Treasury will submit the following
information collection request to the
Office of Management and Budget
(OMB) for review and clearance in
accordance with the Paperwork
Reduction Act of 1995, on or after the
SUMMARY:
E:\FR\FM\25MRN1.SGM
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]]>Agencies
[Federal Register Volume 89, Number 58 (Monday, March 25, 2024)]
[Notices]
[Pages 20762-20763]
From the Federal Register Online via the Government Publishing Office [www.gpo.gov]
[FR Doc No: 2024-06182]
-----------------------------------------------------------------------
DEPARTMENT OF THE TREASURY
Internal Revenue Service
Proposed Collection; Comment Request Relating to Adjustments to
Basis of Stock and Indebtedness to Shareholders of S Corporations and
Treatment of Distributions by S Corporations to Shareholders
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
continuing information collections, as required by the Paperwork
Reduction Act of 1995. The IRS is soliciting comments concerning
adjustments to basis of stock and indebtedness to shareholders of S
corporations and treatment of distributions by S corporations to
shareholders.
DATES: Written comments should be received on or before May 24, 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]. Please include OMB Number
1545-1139 in the Subject line of the message. Requests for additional
information or copies of the regulations should be directed to Sara
Covington, (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: Adjustments to Basis of Stock and Indebtedness to
Shareholders of S Corporations and Treatment of Distributions by S
Corporations to Shareholders.
OMB Number: 1545-1139.
Regulation Project Number: TD 9300 and TD 9428.
Abstract: This document contains final regulations relating to the
passthrough of items of an S corporation to its shareholders, the
adjustments to the basis of stock of the shareholders, and the
treatment of distributions by an S corporation. Changes to the
applicable law were made by the Subchapter S Revision Act of 1982, the
Tax Reform Act of 1984, the Tax Reform Act of 1986, the Technical and
Miscellaneous Revenue Act of 1988, and the Small Business Job
Protection Act of 1996.
[[Page 20763]]
These regulations provide the public with guidance needed to comply
with the applicable law and will affect S corporations and their
shareholders.
Current Actions: There are no changes being made to this existing
regulation or to the paperwork burden previously approved by OMB.
Type of Review: Extension of currently approved collection.
Affected Public: Business or other for-profit organizations and
individuals.
Estimated Number of Responses: 2,250.
Estimated Time per Respondent: 12 minutes.
Estimated Total Annual Burden Hours: 450.
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: March 19, 2024.
Sara L. Covington,
IRS Tax Analyst.
[FR Doc. 2024-06182 Filed 3-22-24; 8:45 am]
BILLING CODE 4830-01-P
