Proposed Collection; Comment Request for Form 8904, 65984 [2024-17940]
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Federal Register / Vol. 89, No. 156 / Tuesday, August 13, 2024 / Notices
information shall have practical utility;
(2) the accuracy of the agency’s estimate
of the burden of the collection of
information; (3) ways to enhance the
quality, utility, and clarity of the
information to be collected; (4) 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 (5) estimates of capital
or start-up costs and costs of operation,
maintenance, and purchase of services
to provide information.
Andrea M. Gacki,
Director, Financial Crimes Enforcement
Network.
[FR Doc. 2024–18036 Filed 8–12–24; 8:45 am]
BILLING CODE 4810–02–P
DEPARTMENT OF THE TREASURY
Internal Revenue Service
Proposed Collection; Comment
Request for Form 8904
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 general public and
other Federal agencies to take this
opportunity to comment on information
collections, as required by the
Paperwork Reduction Act of 1995. The
IRS is soliciting comments concerning
Form 8904, Credit for Oil and Gas
Production From Marginal Wells.
DATES: Written comments should be
received on or before October 15, 2024
to be assured of consideration.
ADDRESSES: Direct all written comments
to Andrés 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–
2278, Credit for Oil and Gas Production
From Marginal Wells. (Form 8904),
Public Comment Request Notice’’ in the
Subject line.
FOR FURTHER INFORMATION CONTACT:
Requests for additional information or
copies of the revenue procedure and
instructions should be directed to
LaNita Van Dyke, at (202) 317–3009, at
Internal Revenue Service, Room 6526,
1111 Constitution Avenue NW,
Washington, DC 20224, or through the
internet at Lanita.VanDyke@irs.gov.
SUPPLEMENTARY INFORMATION:
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SUMMARY:
VerDate Sep<11>2014
17:55 Aug 12, 2024
Jkt 262001
Title: Credit for Oil and Gas
Production From Marginal Wells.
OMB Number: 1545–2278.
Form Number: 8904.
Abstract: Public Law 108–357, title
III, subtitle C, section 341(a) has caused
us to develop a credit for oil and gas
production from marginal wells, which
is reflected on Form 8904 and its
instructions. Tax year 2017 was the first
year Form 8904 and its instructions
were released.
Current Actions: There are no changes
being made to Form 8904 at this time.
Type of Review: Extension of a
currently approved collection.
Affected Public: Business or other forprofit organizations, Individuals or
households, not-for-profit institutioins,
farms, and State, local or Tribal
governments.
Estimated Number of Responses:
20,000.
Estimated Time per Respondent: 2
hrs., 58 mins.
Estimated Total Annual Burden
Hours: 59,200.
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.
PO 00000
Frm 00149
Fmt 4703
Sfmt 4703
Approved: August 7, 2024.
Andres Garcia Leon,
Supervisory Tax Analyst.
[FR Doc. 2024–17940 Filed 8–12–24; 8:45 am]
BILLING CODE 4830–01–P
DEPARTMENT OF THE TREASURY
Internal Revenue Service
Proposed Collection; Comment
Request on Reduction of Tax
Attributes Due to Discharge of
Indebtedness
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 information collection
requirements related to requests on
reduction of tax attributes due to
discharge of indebtedness.
DATES: Written comments should be
received on or before October 15, 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–
0046 or Request on Reduction of Tax
Attributes Due to Discharge of
Indebtedness, in the subject line.
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: Request on Reduction of Tax
Attributes Due to Discharge of
Indebtedness.
OMB Number: 1545–0046.
Form Number: 982.
Abstract: Reduction of Tax Attributes
Due to Discharge of Indebtedness.
Internal Revenue Code (IRC) section 108
allows taxpayers to exclude from gross
income amounts attributable to
discharge of indebtedness in title 11
cases, insolvency, or a qualified farm
indebtedness. Section 1081(b) allows
corporations to exclude from gross
SUMMARY:
E:\FR\FM\13AUN1.SGM
13AUN1
]]>Agencies
[Federal Register Volume 89, Number 156 (Tuesday, August 13, 2024)]
[Notices]
[Page 65984]
From the Federal Register Online via the Government Publishing Office [www.gpo.gov]
[FR Doc No: 2024-17940]
-----------------------------------------------------------------------
DEPARTMENT OF THE TREASURY
Internal Revenue Service
Proposed Collection; Comment Request for Form 8904
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 general
public and other Federal agencies to take this opportunity to comment
on information collections, as required by the Paperwork Reduction Act
of 1995. The IRS is soliciting comments concerning Form 8904, Credit
for Oil and Gas Production From Marginal Wells.
DATES: Written comments should be received on or before October 15,
2024 to be assured of consideration.
ADDRESSES: Direct all written comments to Andr[eacute]s Garcia,
Internal Revenue Service, Room 6526, 1111 Constitution Avenue NW,
Washington, DC 20224, or by email to [email protected]. Please
include, ``OMB Number: 1545-2278, Credit for Oil and Gas Production
From Marginal Wells. (Form 8904), Public Comment Request Notice'' in
the Subject line.
FOR FURTHER INFORMATION CONTACT: Requests for additional information or
copies of the revenue procedure and instructions should be directed to
LaNita Van Dyke, at (202) 317-3009, at Internal Revenue Service, Room
6526, 1111 Constitution Avenue NW, Washington, DC 20224, or through the
internet at [email protected].
SUPPLEMENTARY INFORMATION:
Title: Credit for Oil and Gas Production From Marginal Wells.
OMB Number: 1545-2278.
Form Number: 8904.
Abstract: Public Law 108-357, title III, subtitle C, section 341(a)
has caused us to develop a credit for oil and gas production from
marginal wells, which is reflected on Form 8904 and its instructions.
Tax year 2017 was the first year Form 8904 and its instructions were
released.
Current Actions: There are no changes being made to Form 8904 at
this time.
Type of Review: Extension of a currently approved collection.
Affected Public: Business or other for-profit organizations,
Individuals or households, not-for-profit institutioins, farms, and
State, local or Tribal governments.
Estimated Number of Responses: 20,000.
Estimated Time per Respondent: 2 hrs., 58 mins.
Estimated Total Annual Burden Hours: 59,200.
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: August 7, 2024.
Andres Garcia Leon,
Supervisory Tax Analyst.
[FR Doc. 2024-17940 Filed 8-12-24; 8:45 am]
BILLING CODE 4830-01-P
