Proposed Collection; Comment Request for Form 8725 and TD 8379, 87725-87726 [2024-25606]

Download as PDF Federal Register / Vol. 89, No. 213 / Monday, November 4, 2024 / Notices consult the guidelines in preparing your comments. OMB’s guidelines may be accessed at https://www.whitehouse.gov/ omb/fedreg/reproducible.html. DOT’s guidelines may be accessed at https:// www.bts.gov/programs/statistical_ policy_and_research/data_quality_ guidelines. Will the Agency consider late comments? We will consider all comments that Docket Management receives before the close of business on the comment closing date indicated above under DATES. To the extent possible, we will also consider comments that Docket Management receives after that date. How can I read the comments submitted by other people? You may see the comments on the internet. To read the comments on the internet, go to https:// www.regulations.gov. Follow the online instructions for accessing the dockets. Please note that, even after the comment closing date, we will continue to file relevant information in the Docket as it becomes available. Further, some people may submit late comments. Accordingly, we recommend that you periodically check the Docket for new material. (Authority: 49 U.S.C. 30113; delegations of authority at 49 CFR 1.95 and 501.5.) Issued in Washington, DC, under authority delegated in 49 CFR 1.95 and 501.5. Sophie Shulman, Deputy Administrator. [FR Doc. 2024–25594 Filed 11–1–24; 8:45 am] BILLING CODE 4910–59–P DEPARTMENT OF THE TREASURY Internal Revenue Service Proposed Collection; Comment Request for Tax Treatment of Salvage and Reinsurance Yearly Disclosure Requirements 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 tax treatment of salvage and reinsurance. lotter on DSK11XQN23PROD with NOTICES1 SUMMARY: VerDate Sep<11>2014 17:28 Nov 01, 2024 Jkt 265001 Written comments should be received on or before January 3, 2025 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. 1545–1227 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 LaNita Van Dyke, at (202) 317–6009, Internal Revenue Service, Room 6526, 1111 Constitution Avenue NW, Washington, DC 20224, or through the internet at lanita.vandyke@ irs.gov. SUPPLEMENTARY INFORMATION: Title: Tax treatment of salvage and reinsurance yearly disclosure to state insurance regulatory agencies. OMB Number: 1545–1227. Regulation Project Number: TD 8390. Abstract: Section 1.832–4(d)(2)(i)(A) and (B) allows a nonlife insurance company to increase unpaid losses on a yearly basic by the amount of estimated salvage recoverable if the company discloses this to the state insurance regulatory authority. Current Actions: There is no change to the burden previously approved. Type of Review: Extension of a currently approved collection. Affected Public: Business or other forprofit organizations. Estimated Number of Respondents: 2,500. Estimated Time per Respondent: 2 hours. Estimated Total Annual Burden Hours: 5,000. 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 DATES: PO 00000 Frm 00189 Fmt 4703 Sfmt 4703 87725 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: October 30, 2024. Molly J. Stasko, Senior Tax Analyst. [FR Doc. 2024–25605 Filed 11–1–24; 8:45 am] BILLING CODE 4830–01–P DEPARTMENT OF THE TREASURY Internal Revenue Service Proposed Collection; Comment Request for Form 8725 and TD 8379 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 8725—Excise Tax on Greenmail and TD 8379. DATES: Written comments should be received on or before January 3, 2025 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. 1545–1049 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 LaNita Van Dyke, at (202) 317–6009, Internal Revenue Service, Room 6526, 1111 Constitution Avenue NW, Washington, DC 20224, or through the internet at lanita.vandyke@ irs.gov. SUPPLEMENTARY INFORMATION: Title: Excise Tax on Greenmail. OMB Number: 1545–1049. Regulation Project Number: TD 8379. SUMMARY: E:\FR\FM\04NON1.SGM 04NON1 lotter on DSK11XQN23PROD with NOTICES1 87726 Federal Register / Vol. 89, No. 213 / Monday, November 4, 2024 / Notices Form Number: 8725. Abstract: Treasury Decision (TD) 8379 provide rules relating to the manner and method of reporting and paying the nondeductible 50 percent excise tax imposed by section 5881 of the Internal Revenue Code with respect to the receipt of greenmail. The reporting requirements will be used to verify that the excise tax imposed under section 5881 is properly reported and timely paid. Form 8725 is used by persons who receive ‘‘greenmail’’ to compute and pay the excise tax on greenmail imposed under Internal Revenue Code section 5881. IRS uses the information to verify that the correct amount of tax has been reported. Current Actions: There is no change to these existing collection requirements. Type of Review: Extension of a currently approved collection. Affected Public: Individuals and business or other for-profit organizations. Estimated Number of Responses: 12. Estimated Time per Response: 7 hours, 37 minutes. Estimated Total Annual Burden Hours: 92. 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. Comments will be 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 has 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 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. VerDate Sep<11>2014 17:28 Nov 01, 2024 Jkt 265001 Approved: October 30, 2024. Molly J. Stasko, Senior Tax Analyst. [FR Doc. 2024–25606 Filed 11–1–24; 8:45 am] BILLING CODE 4830–01–P U.S.-CHINA ECONOMIC AND SECURITY REVIEW COMMISSION Notice of Open Public Event U.S.-China Economic and Security Review Commission. ACTION: Notice of open public event. AGENCY: Notice is hereby given of the following open public event of the U.S.China Economic and Security Review Commission. The Commission is mandated by Congress to monitor, investigate, and report to Congress annually on ‘‘the national security implications of the bilateral trade and economic relationship between the United States and the People’s Republic of China.’’ Pursuant to this mandate, the Commission will hold a public release of its 2024 Annual Report to Congress in Washington, DC on November 19, 2024. DATES: The release is scheduled for Tuesday, November 19, 2024 at 10:30 a.m. ADDRESSES: This release will be held inperson at or near the U.S. Capitol and adjacent Congressional office buildings (specific building and room number to be announced) and online via live webcast on the Commission’s website at www.uscc.gov. Please check the Commission’s website for an announcement on the specific event location once determined. Instructions on how to view the webcast and submit questions or participate in the question and answer session will also be posted at USCC.gov. Reservations are not required to attend. FOR FURTHER INFORMATION CONTACT: Any member of the public seeking further information concerning the event should contact Jameson Cunningham, 444 North Capitol Street NW, Suite 602, Washington, DC 20001; telephone: 202– 624–1496, or via email at jcunningham@ uscc.gov. Reservations are not required to attend. ADA Accessibility: For questions about the accessibility of the event or to request an accommodation, please contact Jameson Cunningham at 202– 624–1496, or via email at jcunningham@ uscc.gov. Requests for an accommodation should be made as soon as possible, and at least five business days prior to the event. SUPPLEMENTARY INFORMATION: SUMMARY: PO 00000 Frm 00190 Fmt 4703 Sfmt 4703 Topics to Be Discussed: The Commission’s 2024 Annual Report to Congress addresses key findings and recommendations for Congressional action based upon the Commission’s hearings, research, and review of the areas designated by Congress in its mandate, including focused work this year on: a review of economics, trade, security, and foreign affairs developments in China and in the U.S.China relationship in 2024; China’s progress in emerging technologies at the forefront of U.S.-China competition; the risks to consumer product safety posed by Chinese imports; China’s counterintervention capabilities in the IndoPacific region; U.S. strategies to address China’s nonmarket practices and other aspects of intersecting economic and national security challenges associated with China; the Chinese Communist Party’s efforts to prepare Chinese society for a crisis or conflict; and changing relations between China and the Middle East, Taiwan, and Hong Kong. Authority: Congress created the U.S.China Economic and Security Review Commission in 2000 in the National Defense Authorization Act (Pub. L. 106– 398), as amended by division P of the Consolidated Appropriations Resolution, 2003 (Pub. L. 108–7), as amended by Pub. L. 109–108 (November 22, 2005), as amended by Pub. L. 113– 291 (December 19, 2014). Dated: October 28, 2024. Christopher P. Fioravante, Deputy Executive Director, U.S.-China Economic and Security Review Commission. [FR Doc. 2024–25579 Filed 11–1–24; 8:45 am] BILLING CODE 1137–00–P DEPARTMENT OF VETERANS AFFAIRS Joint Biomedical Laboratory Research and Development and Clinical Science Research and Development Services Scientific Merit Review Board, Notice of Meeting The Department of Veterans Affairs (VA) gives notice under the Federal Advisory Committee Act, 5 U.S.C. ch.10, that a meeting of the Joint Biomedical Laboratory Research and Development and Clinical Science Research and Development Services Scientific Merit Review Board will be held January 7, 2025, via WebEx. The meeting will be held between 3 and 5 p.m. EDT. The meeting will be closed to the public from 3:30–5 p.m. EDT for scientific review and the discussion, examination, and reference to the research applications. Discussions will E:\FR\FM\04NON1.SGM 04NON1

Agencies

[Federal Register Volume 89, Number 213 (Monday, November 4, 2024)]
[Notices]
[Pages 87725-87726]
From the Federal Register Online via the Government Publishing Office [www.gpo.gov]
[FR Doc No: 2024-25606]


-----------------------------------------------------------------------

DEPARTMENT OF THE TREASURY

Internal Revenue Service


Proposed Collection; Comment Request for Form 8725 and TD 8379

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 8725--Excise 
Tax on Greenmail and TD 8379.

DATES: Written comments should be received on or before January 3, 2025 
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. 
1545-1049 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 LaNita Van 
Dyke, at (202) 317-6009, Internal Revenue Service, Room 6526, 1111 
Constitution Avenue NW, Washington, DC 20224, or through the internet 
at [email protected].

SUPPLEMENTARY INFORMATION: 
    Title: Excise Tax on Greenmail.
    OMB Number: 1545-1049.
    Regulation Project Number: TD 8379.

[[Page 87726]]

    Form Number: 8725.
    Abstract: Treasury Decision (TD) 8379 provide rules relating to the 
manner and method of reporting and paying the nondeductible 50 percent 
excise tax imposed by section 5881 of the Internal Revenue Code with 
respect to the receipt of greenmail. The reporting requirements will be 
used to verify that the excise tax imposed under section 5881 is 
properly reported and timely paid. Form 8725 is used by persons who 
receive ``greenmail'' to compute and pay the excise tax on greenmail 
imposed under Internal Revenue Code section 5881. IRS uses the 
information to verify that the correct amount of tax has been reported.
    Current Actions: There is no change to these existing collection 
requirements.
    Type of Review: Extension of a currently approved collection.
    Affected Public: Individuals and business or other for-profit 
organizations.
    Estimated Number of Responses: 12.
    Estimated Time per Response: 7 hours, 37 minutes.
    Estimated Total Annual Burden Hours: 92.
    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. 
Comments will be 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 has 
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 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 30, 2024.
Molly J. Stasko,
Senior Tax Analyst.
[FR Doc. 2024-25606 Filed 11-1-24; 8:45 am]
BILLING CODE 4830-01-P

This site is protected by reCAPTCHA and the Google Privacy Policy and Terms of Service apply.