80 FR 20296 - Proposed Collection; Comment Request for Regulation Project

DEPARTMENT OF THE TREASURY
Internal Revenue Service

Federal Register Volume 80, Issue 72 (April 15, 2015)

Page Range		20296-20297
FR Document		2015-08653

The Department of the Treasury, 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, Public Law 104-13 (44 U.S.C. 3506(c)(2)(A)). The IRS is soliciting comments concerning information collection requirements related to real estate mortgage conduits; reporting requirements and other administrative matters; and allocation of allocable investment expense; original issue discount reporting requirements.

Federal Register, Volume 80 Issue 72 (Wednesday, April 15, 2015)

[Federal Register Volume 80, Number 72 (Wednesday, April 15, 2015)]
[Notices]
[Pages 20296-20297]
From the Federal Register Online  [www.thefederalregister.org]
[FR Doc No: 2015-08653]


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DEPARTMENT OF THE TREASURY

Internal Revenue Service


Proposed Collection; Comment Request for Regulation Project

AGENCY: Internal Revenue Service (IRS), Treasury.

ACTION: Notice and request for comments.

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SUMMARY: The Department of the Treasury, 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, Public Law 104-13 (44 U.S.C. 
3506(c)(2)(A)). The IRS is soliciting comments concerning information 
collection requirements related to real estate mortgage conduits; 
reporting requirements and other administrative matters; and allocation 
of allocable investment expense; original issue discount reporting 
requirements.

DATES: Written comments should be received on or before June 15, 2015 
to be assured of consideration.

ADDRESSES: Direct all written comments to Christie Preston, Internal 
Revenue Service, Room 6129, 1111 Constitution Avenue NW., Washington, 
DC 20224.

FOR FURTHER INFORMATION CONTACT: Requests for additional information or 
copies of this regulation should be directed to LaNita Van Dyke, at 
Internal Revenue Service, Room 6517, 1111 Constitution Avenue NW., 
Washington, DC 20224, or through the Internet, at 
[email protected].

SUPPLEMENTARY INFORMATION:
    Title: T.D. 8366, Real Estate Mortgage Investment Conduits; 
Reporting Requirements and Other Administrative Matters. T.D. 8431, 
Allocation of Allocable Investment Expense; Original Issue Discount 
Reporting Requirements.
    OMB Number: 1545-1018.
    Regulation Project Number: T.D. 8366 and T.D. 8431.
    Abstract: T.D. 8366 contains temporary and final regulations 
relating to real estate mortgage investment conduits (REMICS). T.D. 
8431 contains final regulations relating to reporting requirements with 
respect to single-class real estate mortgage investment conduits 
(REMICs) and the market discount fraction reported with other REMIC 
information. This document also contains final regulations that require 
an issuer of publicly offered debt instruments with original issue 
discount (OID) to file an information return with the Internal Revenue 
Service. The relevant provisions in the Internal Revenue Code were 
added or amended by the Tax Reform Act of 1984, the Tax Reform Act of 
1986, and by the Technical and Miscellaneous Revenue Act of 1988.
    Current Actions: There is no change to these existing regulations.
    Type of Review: Extension of a currently approved collection.
    Affected Public: Business or other for-profit organizations.
    Estimated Number of Responses: 9,725.
    Estimated Total Annual Burden Hours: 978.
    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

[[Page 20297]]

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: April 7, 2015.
Christie Preston,
IRS Reports Clearance Officer.
[FR Doc. 2015-08653 Filed 4-14-15; 8:45 am]
 BILLING CODE 4830-01-P

Federal Register / Vol. 80, No. 72 / Wednesday, April 15, 2015 / Notices 20297

respond to, a collection of information DATES: Written comments should be comments will become a matter of
unless the collection of information received on or before June 15, 2015 to public record. Comments are invited on:
displays a valid OMB control number. be assured of consideration. (a) Whether the collection of
Books or records relating to a collection ADDRESSES: Direct all written comments information is necessary for the proper
of information must be retained as long to Christie Preston, Internal Revenue performance of the functions of the
as their contents may become material Service, Room 6129, 1111 Constitution agency, including whether the
in the administration of any internal Avenue NW., Washington, DC 20224. information shall have practical utility;
revenue law. Generally, tax returns and FOR FURTHER INFORMATION CONTACT:
(b) the accuracy of the agency’s estimate
tax return information are confidential, Requests for additional information or of the burden of the collection of
as required by 26 U.S.C. 6103. copies of the form and instructions information; (c) ways to enhance the
Request for Comments: Comments should be directed to LaNita Van Dyke, quality, utility, and clarity of the
submitted in response to this notice will at Internal Revenue Service, Room 6517, information to be collected; (d) ways to
be summarized and/or included in the 1111 Constitution Avenue NW., minimize the burden of the collection of
request for OMB approval. All Washington, DC 20224, or through the information on respondents, including
comments will become a matter of internet at Lanita.VanDyke@irs.gov. through the use of automated collection
public record. Comments are invited on: techniques or other forms of information
SUPPLEMENTARY INFORMATION:
(a) Whether the collection of technology; and (e) estimates of capital
Title: Mortgage Assistance Payments. or start-up costs and costs of operation,
information is necessary for the proper OMB Number: 1545–2221.
performance of the functions of the maintenance, and purchase of services
Form Number: Form 1098–MA.
agency, including whether the to provide information.
Abstract: This form is a statement
information shall have practical utility; reported to the IRS and to taxpayers. It Approved: April 7, 2015.
(b) the accuracy of the agency’s estimate will be filed and furnished by State Christie Preston,
of the burden of the collection of Housing Finance Agencies (HFAs) and IRS Reports Clearance Officer.
information; (c) ways to enhance the HUD to report the total amounts of [FR Doc. 2015–08651 Filed 4–14–15; 8:45 am]
quality, utility, and clarity of the mortgage assistance payments and BILLING CODE 4830–01–P
information to be collected; (d) ways to homeowner mortgage payments made to
minimize the burden of the collection of mortgage servicers. The requirement for
information on respondents, including the statement are authorized by Notice DEPARTMENT OF THE TREASURY
through the use of automated collection 2011–14, supported by Public Law 111–
techniques or other forms of information 203, sec. 1496, and Public Law 110–343, DEPARTMENTAL OFFICES
technology; and (e) estimates of capital Division A, sec. 109.
or start-up costs and costs of operation, Current Actions: There were no Debt Management Advisory Committee
maintenance, and purchase of services changes made to the document that Meeting
to provide information. resulted in any change to the burden Notice is hereby given, pursuant to 5
Approved: April 7, 2015. previously reported to OMB. We are U.S.C. App. 2, § 10(a)(2), that a meeting
Christie Preston,
making this submission to renew the will be held at the Hay-Adams Hotel,
OMB approval. 16th Street and Pennsylvania Avenue
IRS Reports Clearance Officer.
Type of Review: Extension to NW., Washington, DC, on May 5, 2015
[FR Doc. 2015–08653 Filed 4–14–15; 8:45 am] previously approved IC. at 11:30 a.m. of the following debt
BILLING CODE 4830–01–P Affected Public: Individuals, Federal management advisory committee:
Government, State, Local, or Tribal Treasury Borrowing Advisory
Governments, and other Not-for-profit Committee of The Securities Industry
DEPARTMENT OF THE TREASURY organizations. and Financial Markets Association.
Estimated Number of Respondents: The agenda for the meeting provides
Internal Revenue Service 52. for a charge by the Secretary of the
Proposed Collection; Comment Estimated Time per Respondent: 2 Treasury or his designate that the
Request for Form 1098–MA hours 50 minutes. Committee discuss particular issues and
Estimated Total Annual Burden conduct a working session. Following
AGENCY: Internal Revenue Service (IRS), Hours: 170,400. the working session, the Committee will
Treasury. The following paragraph applies to all present a written report of its
of the collections of information covered recommendations. The meeting will be
Notice and request for
ACTION: by this notice: closed to the public, pursuant to 5
comments. An agency may not conduct or U.S.C. App. 2, § 10(d) and P.L. 103–202,
sponsor, and a person is not required to § 202(c)(1)(B) (31 U.S.C. 3121 note).
SUMMARY: The Department of the respond to, a collection of information This notice shall constitute my
Treasury, as part of its continuing effort unless the collection of information determination, pursuant to the authority
to reduce paperwork and respondent displays a valid OMB control number. placed in heads of agencies by 5 U.S.C.
burden, invites the general public and Books or records relating to a collection App. 2, § 10(d) and vested in me by
other Federal agencies to take this of information must be retained as long Treasury Department Order No. 101–05,
opportunity to comment on proposed as their contents may become material that the meeting will consist of
and/or continuing information in the administration of any internal discussions and debates of the issues
tkelley on DSK3SPTVN1PROD with NOTICES

collections, as required by the revenue law. Generally, tax returns and presented to the Committee by the
Paperwork Reduction Act of 1995, tax return information are confidential, Secretary of the Treasury and the
Public Law 104–13 (44 U.S.C. as required by 26 U.S.C. 6103. making of recommendations of the
3506(c)(2)(A)). Currently, the IRS is Request for Comments: Comments Committee to the Secretary, pursuant to
soliciting comments concerning Form submitted in response to this notice will P.L. 103–202, § 202(c)(1)(B). Thus, this
1098–MA, Mortgage Assistance be summarized and/or included in the information is exempt from disclosure
Payments. request for OMB approval. All under that provision and 5 U.S.C.

VerDate Sep<11>2014 17:29 Apr 14, 2015 Jkt 235001 PO 00000 Frm 00101 Fmt 4703 Sfmt 4703 E:\FR\FM\15APN1.SGM 15APN1

Document Created: 2015-12-18 11:13:44
Document Modified: 2015-12-18 11:13:44

Category		Regulatory Information
Collection		Federal Register
sudoc Class		AE 2.7: GS 4.107: AE 2.106:
Publisher		Office of the Federal Register, National Archives and Records Administration
Section		Notices
Action		Notice and request for comments.
Dates		Written comments should be received on or before June 15, 2015 to be assured of consideration.
Contact		Requests for additional information or copies of this regulation should be directed to LaNita Van Dyke, at Internal Revenue Service, Room 6517, 1111 Constitution Avenue NW., Washington, DC 20224, or through the Internet, at [email protected]
FR Citation		80 FR 20296

80 FR 20296 - Proposed Collection; Comment Request for Regulation Project

DEPARTMENT OF THE TREASURYInternal Revenue Service

Federal Register Volume 80, Issue 72 (April 15, 2015)

DEPARTMENT OF THE TREASURY
Internal Revenue Service