80 FR 31458 - Proposed Collection; Comment Request for Regulation Project

DEPARTMENT OF THE TREASURY
Internal Revenue Service

Federal Register Volume 80, Issue 105 (June 2, 2015)

Page Range		31458-31458
FR Document		2015-13426

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)). Currently, the IRS is soliciting comments tax treatment of salvage and reinsurance.

Federal Register, Volume 80 Issue 105 (Tuesday, June 2, 2015)

[Federal Register Volume 80, Number 105 (Tuesday, June 2, 2015)]
[Notices]
[Page 31458]
From the Federal Register Online  [www.thefederalregister.org]
[FR Doc No: 2015-13426]


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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)). Currently, the IRS is soliciting comments tax treatment 
of salvage and reinsurance.

DATES: Written comments should be received on or before August 3, 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 R. Joseph Durbala, at 
Internal Revenue Service, Room 6129, 1111 Constitution Avenue NW., 
Washington, DC 20224, or at (202)317-5746, or through the internet at 
[email protected].

SUPPLEMENTARY INFORMATION: 
    Title: Tax Treatment of Salvage and Reinsurance.
    OMB Number: 1545-1227.
    Regulation Project Number: TD 8857.
    Abstract: Section 1.832-4(d) of this regulation 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 this existing regulation.
    Type of Review: Extension of a currently approved collection.
    Affected Public: Business or other for-profit 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 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: May 25, 2015.
Christie Preston,
IRS, Reports Clearance Officer.
[FR Doc. 2015-13426 Filed 6-1-15; 8:45 am]
 BILLING CODE 4830-01-P

31458 Federal Register / Vol. 80, No. 105 / Tuesday, June 2, 2015 / Notices

Administration, the Secretary of DEPARTMENT OF THE TREASURY respond to, a collection of information
Defense, the Secretary of State, and the unless the collection of information
Secretary of Homeland Security, may Internal Revenue Service displays a valid OMB control number.
designate and block the property and Books or records relating to a
interests in property, subject to U.S. Proposed Collection; Comment collection of information must be
jurisdiction, of persons who are found Request for Regulation Project
retained as long as their contents may
to be: (1) Materially assisting in, or AGENCY: Internal Revenue Service (IRS), become material in the administration
providing financial or technological Treasury. of any internal revenue law. Generally,
support for or to, or providing goods or ACTION: Notice and request for tax returns and tax return information
services in support of, the international comments. are confidential, as required by 26
narcotics trafficking activities of a U.S.C. 6103.
person designated pursuant to the SUMMARY: The Department of the Request For Comments: Comments
Kingpin Act; (2) owned, controlled, or Treasury, as part of its continuing effort submitted in response to this notice will
directed by, or acting for or on behalf of, to reduce paperwork and respondent be summarized and/or included in the
a person designated pursuant to the burden, invites the general public and request for OMB approval. All
Kingpin Act; or (3) playing a significant other Federal agencies to take this comments will become a matter of
role in international narcotics opportunity to comment on proposed public record. Comments are invited on:
trafficking. and/or continuing information (a) Whether the collection of
collections, as required by the information is necessary for the proper
On May 22, 2015, the Director of
Paperwork Reduction Act of 1995, performance of the functions of the
OFAC designated the following six
Public Law 104–13 (44 U.S.C. agency, including whether the
individuals and three entities whose
3506(c)(2)(A)). Currently, the IRS is information shall have practical utility;
property and interests in property are
soliciting comments tax treatment of (b) the accuracy of the agency’s estimate
blocked pursuant to section 805(b) of
salvage and reinsurance. of the burden of the collection of
the Kingpin Act.
DATES: Written comments should be information; (c) ways to enhance the
Individual(s) received on or before August 3, 2015 to quality, utility, and clarity of the
1. BOLIVAR ZAPATA, Gustavo; DOB 23 Dec be assured of consideration. information to be collected; (d) ways to
1976; POB Pereira, Risaralda, Colombia; ADDRESSES: Direct all written comments minimize the burden of the collection of
Cedula No. 18513577 (Colombia) to Christie Preston, Internal Revenue information on respondents, including
(individual) [SDNTK]. Service, room 6129, 1111 Constitution through the use of automated collection
2. BUSTAMANTE JARAMILLO, Luis Carlos; Avenue NW., Washington, DC 20224. techniques or other forms of information
DOB 04 Mar 1967; POB Apartado, FOR FURTHER INFORMATION CONTACT:
Antioquia, Colombia; Cedula No. technology; and (e) estimates of capital
71976633 (Colombia) (individual)
Requests for additional information or or start-up costs and costs of operation,
[SDNTK]. copies of the regulations should be maintenance, and purchase of services
3. GUARIN LOAIZA, Jose Berley (Latin: directed to R. Joseph Durbala, at Internal to provide information.
GUARÍN LOAIZA, José Berley) (a.k.a. Revenue Service, Room 6129, 1111
Approved: May 25, 2015.
‘‘EL ILUSTRE’’); DOB 13 Jun 1968; POB Constitution Avenue NW., Washington,
Christie Preston,
Tulua, Valle, Colombia; Cedula No. DC 20224, or at (202)317–5746, or
16365933 (Colombia) (individual) through the internet at IRS, Reports Clearance Officer.
[SDNTK]. RJoseph.Durbala@irs.gov. [FR Doc. 2015–13426 Filed 6–1–15; 8:45 am]
4. MEDINA DIAZ, Herman De Jesus; DOB 23 BILLING CODE 4830–01–P
SUPPLEMENTARY INFORMATION:
Mar 1968; POB Mistrato, Risaralda,
Colombia; Cedula No. 18560548
Title: Tax Treatment of Salvage and
(Colombia) (individual) [SDNTK]. Reinsurance.
OMB Number: 1545–1227. DEPARTMENT OF THE TREASURY
5. ROMERO RODRIGUEZ, Alexis; DOB 28 Jul
1970; POB Cali, Colombia; Cedula No. Regulation Project Number: TD 8857.
Abstract: Section 1.832–4(d) of this Internal Revenue Service
16790481 (Colombia) (individual)
[SDNTK]. regulation allows a nonlife insurance
Proposed Collection; Comment
6. VARELA VICTORIA, Walter; DOB 20 Jun company to increase unpaid losses on a
Request for Form 13704
1963; POB Tulua, Valle, Colombia; yearly basic by the amount of estimated
Cedula No. 16358495 (Colombia) salvage recoverable if the company AGENCY: Internal Revenue Service (IRS),
(individual) [SDNTK]. discloses this to the state insurance Treasury.
Entities regulatory authority.
ACTION: Notice and request for
Current Actions: There is no change to
7. FREEZER AIR CONTRACTOR S.A., this existing regulation. comments.
Panama City, Panama; RUC #916848–1– Type of Review: Extension of a
518421 [SDNTK]. SUMMARY: The Department of the
currently approved collection.
8. MEGAYATES LTDA, Bosque, Sector San Affected Public: Business or other for- Treasury, as part of its continuing effort
Isidro, Transversal 54 No. 24–280, to reduce paperwork and respondent
Cartagena, Bolivar, Colombia; NIT
profit organizations.
Estimated Number of Respondents: burden, invites the general public and
#806006215–8 (Colombia) [SDNTK]. other Federal agencies to take this
9. QUALITY AUTOS S.A., Panama City, 2,500.
opportunity to comment on proposed
asabaliauskas on DSK5VPTVN1PROD with NOTICES

Panama; RUC #1067593–1–551241 Estimated Time per Respondent: 2
[SDNTK]. hours. and/or continuing information
Estimated Total Annual Burden collections, as required by the
Dated: May 22, 2015. Paperwork Reduction Act of 1995,
Hours: 5,000.
John E. Smith, The following paragraph applies to all Public Law 104–13 (44 U.S.C.
Acting Director, Office of Foreign Assets of the collections of information covered 3506(c)(2)(A)). Currently, the IRS is
Control. by this notice: soliciting comments concerning Form
[FR Doc. 2015–13427 Filed 6–1–15; 8:45 am] An agency may not conduct or 13704, Health Coverage Tax Credit
BILLING CODE 4810–AL–P sponsor, and a person is not required to Registration Update Form.

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Document Created: 2015-12-15 15:12:42
Document Modified: 2015-12-15 15:12:42

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 August 3, 2015 to be assured of consideration.
Contact		Requests for additional information or copies of the regulations should be directed to R. Joseph Durbala, at Internal Revenue Service, Room 6129, 1111 Constitution Avenue NW., Washington, DC 20224, or at (202)317-5746, or through the internet at [email protected]
FR Citation		80 FR 31458

80 FR 31458 - Proposed Collection; Comment Request for Regulation Project

DEPARTMENT OF THE TREASURYInternal Revenue Service

Federal Register Volume 80, Issue 105 (June 2, 2015)

DEPARTMENT OF THE TREASURY
Internal Revenue Service