80_FR_25446 80 FR 25361 - Proposed Collection; Comment Request for Regulation Project

80 FR 25361 - Proposed Collection; Comment Request for Regulation Project

DEPARTMENT OF THE TREASURY
Internal Revenue Service

Federal Register Volume 80, Issue 85 (May 4, 2015)

Page Range25361-25361
FR Document2015-10323

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 substantiation and reporting requirements for cash and noncash charitable contribution deductions.

Federal Register, Volume 80 Issue 85 (Monday, May 4, 2015) 
[Federal Register Volume 80, Number 85 (Monday, May 4, 2015)]
[Notices]
[Page 25361]
From the Federal Register Online  [www.thefederalregister.org]
[FR Doc No: 2015-10323]


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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 substantiation and reporting 
requirements for cash and noncash charitable contribution deductions.

DATES: Written comments should be received on or before July 6, 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 the regulations should be directed to Allan Hopkins at 
Internal Revenue Service, Room 6129, 1111 Constitution Avenue NW., 
Washington, DC 20224, or through the internet at 
Allan.M.Hopkins@irs.gov.

SUPPLEMENTARY INFORMATION:
    Title: Substantiation and Reporting Requirements for Cash and 
Noncash Charitable Contribution Deductions.
    OMB Number: 1545-1953.
    Regulation Project Number: REG-140029-07 (NPRM).
    Abstract: These proposed regulations provide guidance concerning 
substantiation and reporting requirements for cash and noncash 
charitable contributions under section 170 of the Internal Revenue Code 
(Code). The regulations reflect the enactment of provisions of the 
American Jobs Creation Act of 2004 and the Pension Protection Act of 
2006. The regulations provide guidance to individuals, partnerships, 
and corporations that make charitable contributions, and will affect 
any donor claiming a deduction for a charitable contribution after the 
date these regulations are published as final regulations in the 
Federal Register.
    Current Actions: There is no change to this existing regulation.
    Type of Review: Extension of a currently approved collection.
    Affected Public: Business, other for-profit organizations.
    Estimated Number of Respondents: 201,920.
    Estimated Total Annual Burden Hours: 226,419.
    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; (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 27, 2015.
Christie Preston,
IRS Reports Clearance Officer.
[FR Doc. 2015-10323 Filed 5-1-15; 8:45 am]
 BILLING CODE 4830-01-P

Federal Register / Vol. 80, No. 85 / Monday, May 4, 2015 / Notices 25361 Request for Comments: Comments copies of the regulations should be of the burden of the collection; (c) ways submitted in response to this notice will directed to Allan Hopkins at Internal to enhance the quality, utility, and be summarized and/or included in the Revenue Service, Room 6129, 1111 clarity of the information to be request for OMB approval. All Constitution Avenue NW., Washington, collected; (d) ways to minimize the comments will become a matter of DC 20224, or through the internet at burden of the collection of information public record. Comments are invited on: Allan.M.Hopkins@irs.gov. on respondents, including through the (a) whether the collection of information SUPPLEMENTARY INFORMATION: use of automated collection techniques is necessary for the proper performance Title: Substantiation and Reporting or other forms of information of the functions of the agency, including Requirements for Cash and Noncash technology; and (e) estimates of capital whether the information shall have Charitable Contribution Deductions. or start-up costs and costs of operation, practical utility; (b) the accuracy of the OMB Number: 1545–1953. maintenance, and purchase of services agency’s estimate of the burden of the Regulation Project Number: REG– to provide information. collection of information; (c) ways to 140029–07 (NPRM). Approved: April 27, 2015. enhance the quality, utility, and clarity Abstract: These proposed regulations Christie Preston, of the information to be collected; (d) provide guidance concerning IRS Reports Clearance Officer. ways to minimize the burden of the substantiation and reporting [FR Doc. 2015–10323 Filed 5–1–15; 8:45 am] collection of information on requirements for cash and noncash respondents, including through the use BILLING CODE 4830–01–P charitable contributions under section of automated collection techniques or 170 of the Internal Revenue Code other forms of information technology; (Code). The regulations reflect the DEPARTMENT OF THE TREASURY and (e) estimates of capital or start-up enactment of provisions of the costs and costs of operation, American Jobs Creation Act of 2004 and Internal Revenue Service maintenance, and purchase of services the Pension Protection Act of 2006. The to provide information. regulations provide guidance to Proposed Collection; Comment Approved: April 23, 2015. individuals, partnerships, and Request for Regulation Project Christie Preston, corporations that make charitable AGENCY: Internal Revenue Service (IRS), IRS Reports Clearance Officer. contributions, and will affect any donor Treasury. [FR Doc. 2015–10320 Filed 5–1–15; 8:45 am] claiming a deduction for a charitable contribution after the date these ACTION: Notice and request for BILLING CODE 4830–01–P regulations are published as final comments. regulations in the Federal Register. SUMMARY: The Department of the DEPARTMENT OF THE TREASURY Current Actions: There is no change to Treasury, as part of its continuing effort this existing regulation. to reduce paperwork and respondent Internal Revenue Service Type of Review: Extension of a burden, invites the general public and currently approved collection. other Federal agencies to take this Proposed Collection; Comment Affected Public: Business, other for- opportunity to comment on proposed Request for Regulation Project profit organizations. and/or continuing information Estimated Number of Respondents: collections, as required by the AGENCY: Internal Revenue Service (IRS), 201,920. Paperwork Reduction Act of 1995, Pub. Treasury. Estimated Total Annual Burden L. 104–13(44 U.S.C. 3506(c)(2)(A)). ACTION: Notice and request for Hours: 226,419. comments. Currently, the IRS is soliciting The following paragraph applies to all comments concerning, Bad Debt SUMMARY: The Department of the of the collections of information covered Reserves of Banks. Treasury, as part of its continuing effort by this notice: DATES: Written comments should be to reduce paperwork and respondent An agency may not conduct or received on or before July 6, 2015 to be burden, invites the general public and sponsor, and a person is not required to assured of consideration. other Federal agencies to take this respond to, a collection of information unless the collection of information ADDRESSES: Direct all written comments opportunity to comment on proposed to Christie A. Preston Internal Revenue and/or continuing information displays a valid OMB control number. Books or records relating to a collection Service, Room 6129, 1111 Constitution collections, as required by the Avenue NW., Washington, DC 20224. Paperwork Reduction Act of 1995, of information must be retained as long as their contents may become material FOR FURTHER INFORMATION CONTACT: Public Law 104–13 (44 U.S.C. in the administration of any internal Requests for additional information or 3506(c)(2)(A)). The IRS is soliciting revenue law. Generally, tax returns and copies of the regulations should be comments concerning information tax return information are confidential, directed to Martha R. Brinson, Internal collection requirements related to as required by 26 U.S.C. 6103. Revenue Service, Room 6129, 1111 substantiation and reporting Request for Comments: Comments Constitution Avenue NW., Washington, requirements for cash and noncash submitted in response to this notice will DC 20224, or through the Internet at charitable contribution deductions. be summarized and/or included in the Martha.R.Brinson@irs.gov. DATES: Written comments should be request for OMB approval. All SUPPLEMENTARY INFORMATION: received on or before July 6, 2015 to be mstockstill on DSK4VPTVN1PROD with NOTICES comments will become a matter of Title: Bad Debt Reserves of Banks. assured of consideration. public record. Comments are invited on: OMB Number: 1545–1290. ADDRESSES: Direct all written comments (a) Whether the collection of Regulation Project Number: TD 8513. to Christie Preston, Internal Revenue information is necessary for the proper Abstract: Section 585(c) of the Service, Room 6129, 1111 Constitution performance of the functions of the Internal Revenue Code requires large Avenue NW., Washington, DC 20224. agency, including whether the banks to change from reserve method of FOR FURTHER INFORMATION CONTACT: information shall have practical utility; accounting to the specific charge off Requests for additional information or (b) the accuracy of the agency’s estimate method of accounting for bad debts. 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Document Created: 2018-02-21 10:22:49
Document Modified: 2018-02-21 10:22:49
CategoryRegulatory Information
CollectionFederal Register
sudoc ClassAE 2.7:
GS 4.107:
AE 2.106:
PublisherOffice of the Federal Register, National Archives and Records Administration
SectionNotices
ActionNotice and request for comments.
DatesWritten comments should be received on or before July 6, 2015 to be assured of consideration.
ContactRequests for additional information or copies of the regulations should be directed to Allan Hopkins at Internal Revenue Service, Room 6129, 1111 Constitution Avenue NW., Washington, DC 20224, or through the internet at [email protected]
FR Citation80 FR 25361 
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