Proposed Extension of Information Collection Request Submitted for Public Comment; Comment Request for Form 8882, 8839-8840 [2025-02074]
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Federal Register / Vol. 90, No. 21 / Monday, February 3, 2025 / Notices
DEPARTMENT OF THE TREASURY
Internal Revenue Service
Proposed Extension of Information
Collection Request Submitted for
Public Comment; Comment Request
on Burden Related to Completing Form
7203
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 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. Currently, the IRS is
soliciting comments concerning the
burden for completing the form 7203, S
Corporation Shareholder Stock and
Debt Basis Limitations.
DATES: Written comments should be
received on or before April 4, 2025 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–
2302—Public Comment Request Notice’’
in the Subject line.
FOR FURTHER INFORMATION CONTACT:
Requests for additional information or
copies of the form and instructions
should be directed to Ronald J. Durbala,
at (202) 317–5746, at Internal Revenue
Service, Room 6526, 1111 Constitution
Avenue NW, Washington, DC 20224, or
through the internet at
RJoseph.Durbala@irs.gov.
SUPPLEMENTARY INFORMATION:
Title: S Corporation Shareholder
Stock and Debt Basis Limitations.
OMB Number: 1545–2302.
Document Number: Forms 7203.
Abstract: Internal Revenue Code (IRC)
Section 1366 determines the
shareholder’s tax liability from an S
corporation. IRC Section 1367 details
the adjustments to basis including the
increase and decrease in basis, income
items included in basis, the basis of
indebtedness, and the basis of inherited
stock. Shareholders will use Form 7203
to calculate their stock and debt basis,
ensuring the losses and deductions are
accurately claimed.
Current Actions: There are no changes
in the form previously approved by
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SUMMARY:
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OMB. However, updates in the burden
computation will result in a burden
decrease of 51,100 hours.
Type of Review: Revision of a
currently approved collection.
Affected Public: Estates and Trusts.
Estimated Number of Respondents:
70,000.
Estimated Time per Respondent: 3
hrs., 2 min.
Estimated Total Annual Burden
Hours: 214,200.
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.
Desired Focus of Comments: The
Internal Revenue Service (IRS) is
particularly interested in comments
that:
• Evaluate whether the proposed
collection of information is necessary
for the proper performance of the
functions of the agency, including
whether the information will have
practical utility.
• Evaluate the accuracy of the
agency’s estimate of the burden of the
proposed collection of information,
including the validity of the
methodology and assumptions used.
• Enhance the quality, utility, and
clarity of the information to be
collected; and
• Minimize the burden of the
collection of information on those who
are to respond, including using
appropriate automated, electronic,
mechanical, or other technological
collection techniques or other forms of
information technology, e.g., by
permitting electronic submissions of
responses.
Comments submitted in response to
this notice will be summarized and/or
included in the ICR for OMB approval
of the extension of the information
collection; they will also become a
matter of public record.
Approved: January 27, 2025.
Ronald J. Durbala,
IRS Tax Analyst.
[FR Doc. 2025–02076 Filed 1–31–25; 8:45 am]
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8839
DEPARTMENT OF THE TREASURY
Internal Revenue Service
Proposed Extension of Information
Collection Request Submitted for
Public Comment; Comment Request
for Form 8882
Internal Revenue Service (IRS),
Treasury.
AGENCY:
Notice and request for
comments.
ACTION:
The Internal Revenue Service,
as part of its continuing effort to reduce
paperwork and respondent burden,
invites the 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. Currently, the IRS is
soliciting comments concerning Form
8882, Credit for Employer-Provided
Child Care Facilities and Services.
SUMMARY:
Written comments should be
received on or before April 4, 2025 to
be assured of consideration.
DATES:
Written comments and
recommendations for the proposed
information collection should be sent
within 60 days of publication of this
notice to omb.unit@irs.gov. Please
include, ‘‘OMB Number: 1545–1809—
Public Comment Request Notice’’ in the
Subject line. Requests for additional
information or copies of this collection
can be directed to Ronald J. Durbala, at
RJoseph.Durbala@irs.gov.
ADDRESSES:
SUPPLEMENTARY INFORMATION:
Title: Credit for Employer-Provided
Child Care Facilities and Services.
OMB Number: 1545–1809.
Project Number: Form 8882.
Abstract: Employers use Form 8882 to
claim the credit for qualified childcare
facility and resource and referral
expenditures. It is part of the general
business credit.
Current Actions: There is no change
in the paperwork burden previously
approved by OMB. This form is being
submitted for renewal purposes only.
Type of Review: Extension of a
currently approved collection.
Affected Public: Businesses and other
for-profit organizations, and
individuals.
Estimated Number of Respondents:
286.
Estimated Time per Respondent: 3
hrs. 41 min.
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8840
Federal Register / Vol. 90, No. 21 / Monday, February 3, 2025 / Notices
Estimated Total Annual Burden
Hours: 1,053.
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.
Desired Focus of Comments: The
Internal Revenue Service (IRS) is
particularly interested in comments
that:
• Evaluate whether the proposed
collection of information is necessary
for the proper performance of the
functions of the agency, including
whether the information will have
practical utility.
• Evaluate the accuracy of the
agency’s estimate of the burden of the
proposed collection of information,
including the validity of the
methodology and assumptions used.
• Enhance the quality, utility, and
clarity of the information to be
collected; and
• Minimize the burden of the
collection of information on those who
are to respond, including using
appropriate automated, electronic,
mechanical, or other technological
collection techniques or other forms of
information technology, e.g., by
permitting electronic submissions of
responses.
Comments submitted in response to
this notice will be summarized and/or
included in the ICR for OMB approval
of the extension of the information
collection; they will also become a
matter of public record.
Approved: January 27, 2025.
Ronald J. Durbala,
IRS Tax Analyst.
[FR Doc. 2025–02074 Filed 1–31–25; 8:45 am]
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BILLING CODE 4830–01–P
UNITED STATES SENTENCING
COMMISSION
Sentencing Guidelines for United
States Courts
United States Sentencing
Commission.
ACTION: Request for public comment.
AGENCY:
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The United States Sentencing
Commission intends to address certain
issues relating to offenses involving
fentanyl, fentanyl analogues, and other
opioids. As part of its statutory
authority and responsibility to analyze
sentencing issues, including operation
of the federal sentencing guidelines, the
Commission is publishing these issues
for comment to inform the
Commission’s consideration of the
issues related to this topic. The issues
for comment are set forth in the
Supplementary Information portion of
this notice.
DATES: Public comment regarding the
issues for comment set forth in this
notice should be received by the
Commission not later than May 1, 2025.
Any public comment received after the
close of the comment period may not be
considered.
ADDRESSES: There are two methods for
submitting public comment.
Electronic Submission of Comments.
Comments may be submitted
electronically via the Commission’s
Public Comment Submission Portal at
https://comment.ussc.gov. Follow the
online instructions for submitting
comments.
Submission of Comments by Mail.
Comments may be submitted by mail to
the following address: United States
Sentencing Commission, One Columbus
Circle NE, Suite 2–500, Washington, DC
20002–8002, Attention: Public Affairs—
Fentanyl and Other Opioids.
FOR FURTHER INFORMATION CONTACT:
Jennifer Dukes, Senior Public Affairs
Specialist, (202) 502–4597.
SUPPLEMENTARY INFORMATION: The
United States Sentencing Commission is
an independent agency in the judicial
branch of the United States
Government. The Commission
promulgates sentencing guidelines and
policy statements for federal courts
pursuant to 28 U.S.C. 994(a). The
Commission also periodically reviews
and revises previously promulgated
guidelines pursuant to 28 U.S.C. 994(o)
and submits guideline amendments to
the Congress not later than the first day
of May each year pursuant to 28 U.S.C.
994(p).
SUMMARY:
Request for Comment on Offenses
Involving Fentanyl, Fentanyl
Analogues, and Other Opioids
Fentanyl and fentanyl analogue cases
have increased substantially over the
last several years. Since fiscal year 2019,
fentanyl cases have increased 244.7
percent, such that they comprised 16.3
percent of all federal drug trafficking
cases in fiscal year 2023. Today,
fentanyl represents the third most
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common drug type in federal drug
trafficking cases. Fentanyl analogue
cases have increased 113.5 percent since
fiscal year 2019, but those cases occupy
a much smaller portion of the federal
drug trafficking case load (1.4%).
Previous Commission Action
In response to rising numbers of
fentanyl and fentanyl analogue cases,
the Commission previously undertook a
multi-year study of synthetic controlled
substances. In 2018, following that
study, the Commission amended
§ 2D1.1 (Unlawful Manufacturing,
Importing, Exporting, or Trafficking
(Including Possession with Intent to
Commit Those Offenses); Attempt or
Conspiracy) to add an enhancement
specific to fentanyl and fentanyl
analogue cases. In particular, the
Commission added a new specific
offense characteristic at subsection
(b)(13) providing a 4-level increase
when the defendant knowingly
misrepresented or knowingly marketed
as another substance a mixture or
substance containing fentanyl or a
fentanyl analogue. See USSG, App. C.
amend. 807 (effective Nov. 1, 2018). In
adding this new specific offense
characteristic, the Commission pointed
to the harm attendant to cases where a
user does not know the substance they
are using contains fentanyl or fentanyl
analogue. Id. As the Commission
explained, ‘‘[b]ecause of fentanyl’s
extreme potency, the risk of overdose
death is great, particularly when the
user is inexperienced or unaware of
what substance he or she is using.’’ Id.
Thus, the Commission concluded that
‘‘it is appropriate for traffickers who
knowingly misrepresent fentanyl or a
fentanyl analogue as another substance
to receive additional punishment.’’ Id.
In 2023, the Commission amended
§ 2D1.1(b)(13) based on the continued
increase in fentanyl and fentanyl
analogue distribution. See USSG, App.
C. amend. 818 (effective Nov. 1, 2023).
The amendment added a new
subparagraph (B) with an alternative 2level enhancement for offenses where
the defendant represented or marketed
as a legitimately manufactured drug
another mixture or substance containing
fentanyl or a fentanyl analogue, and
acted with willful blindness or
conscious avoidance of knowledge that
such mixture or substance was not the
legitimately manufactured drug. Id. As
grounds for the amendment, the
Commission cited data from the Drug
Enforcement Agency (‘‘DEA’’) showing a
substantial increase in the seizure of
fake prescription pills. Id. The DEA
reported seizing over 50.6 million fake
pills in calendar year 2022, with 70
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]]>Agencies
[Federal Register Volume 90, Number 21 (Monday, February 3, 2025)]
[Notices]
[Pages 8839-8840]
From the Federal Register Online via the Government Publishing Office [www.gpo.gov]
[FR Doc No: 2025-02074]
-----------------------------------------------------------------------
DEPARTMENT OF THE TREASURY
Internal Revenue Service
Proposed Extension of Information Collection Request Submitted
for Public Comment; Comment Request for Form 8882
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 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. Currently, the IRS is soliciting comments
concerning Form 8882, Credit for Employer-Provided Child Care
Facilities and Services.
DATES: Written comments should be received on or before April 4, 2025
to be assured of consideration.
ADDRESSES: Written comments and recommendations for the proposed
information collection should be sent within 60 days of publication of
this notice to [email protected]. Please include, ``OMB Number: 1545-
1809--Public Comment Request Notice'' in the Subject line. Requests for
additional information or copies of this collection can be directed to
Ronald J. Durbala, at [email protected].
SUPPLEMENTARY INFORMATION:
Title: Credit for Employer-Provided Child Care Facilities and
Services.
OMB Number: 1545-1809.
Project Number: Form 8882.
Abstract: Employers use Form 8882 to claim the credit for qualified
childcare facility and resource and referral expenditures. It is part
of the general business credit.
Current Actions: There is no change in the paperwork burden
previously approved by OMB. This form is being submitted for renewal
purposes only.
Type of Review: Extension of a currently approved collection.
Affected Public: Businesses and other for-profit organizations, and
individuals.
Estimated Number of Respondents: 286.
Estimated Time per Respondent: 3 hrs. 41 min.
[[Page 8840]]
Estimated Total Annual Burden Hours: 1,053.
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.
Desired Focus of Comments: The Internal Revenue Service (IRS) is
particularly interested in comments that:
Evaluate whether the proposed collection of information is
necessary for the proper performance of the functions of the agency,
including whether the information will have practical utility.
Evaluate the accuracy of the agency's estimate of the
burden of the proposed collection of information, including the
validity of the methodology and assumptions used.
Enhance the quality, utility, and clarity of the
information to be collected; and
Minimize the burden of the collection of information on
those who are to respond, including using appropriate automated,
electronic, mechanical, or other technological collection techniques or
other forms of information technology, e.g., by permitting electronic
submissions of responses.
Comments submitted in response to this notice will be summarized
and/or included in the ICR for OMB approval of the extension of the
information collection; they will also become a matter of public
record.
Approved: January 27, 2025.
Ronald J. Durbala,
IRS Tax Analyst.
[FR Doc. 2025-02074 Filed 1-31-25; 8:45 am]
BILLING CODE 4830-01-P
