80 FR 34959 - Internal Revenue Service
DEPARTMENT OF THE TREASURY Federal Register Volume 80, Issue 117 (June 18, 2015)
Federal Register Volume 80, Issue 117 (June 18, 2015)
| Page Range | 34959-34960 | |
| FR Document | 2015-15057 |
[Federal Register Volume 80, Number 117 (Thursday, June 18, 2015)] [Notices] [Pages 34959-34960] From the Federal Register Online [www.thefederalregister.org] [FR Doc No: 2015-15057] ======================================================================= ----------------------------------------------------------------------- DEPARTMENT OF THE TREASURY Internal Revenue Service Agency Information Collection Activity; Proposed Collection AGENCY: Internal Revenue Service (IRS), Treasury. ACTION: Notice and request for comments. ----------------------------------------------------------------------- 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 concerning Special Valuation Rules. DATES: Written comments should be received on or before August 17, 2015 to be assured of consideration. ADDRESSES: Direct all written comments to Christie A. 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 Martha R. Brinson, Internal Revenue Service, Room 6129, 1111 Constitution Avenue NW., Washington, DC 20224, or through the Internet at [email protected]. SUPPLEMENTARY INFORMATION: Title: Special Valuation Rules. OMB Number: 1545-1241. Regulation Project Number: TD 8395. [[Page 34960]] Abstract: Section 2701 of the Internal Revenue Code allows various elections by family members who make gifts of common stock or partnership interests and retain senior interests in the same entity. This regulation provides guidance on how taxpayers make these elections, what information is required, and how the transfer is to be disclosed on the gift tax return (Form 709). Current Actions: There is no change to this existing regulation. Type of Review: Extension of a currently approved collection. Affected Public: Individuals or households. Estimated Number of Respondents: 1,200. Estimated Time per Respondent: 25 minutes. Estimated Total Annual Burden Hours: 496. 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: June 3, 2015. Christie A. Preston, IRS Reports Clearance Officer. [FR Doc. 2015-15057 Filed 6-17-15; 8:45 am] BILLING CODE 4830-01-P
![Federal Register / Vol. 80, No. 117 / Thursday, June 18, 2015 / Notices 34959
challenge of finding refuge for the must be presented to law enforcement Reports filed under this provision
required 30 minute break, whether it’s officials upon request. shall be emailed to MCPSD@DOT.GOV.
from traffic or fear of life in some 3. All motor carriers operating under
Termination
instances. Continuing to grant this exemption must have a
exemptions defeats the purpose of the ‘‘Satisfactory’’ safety rating with FMCSA believes carriers transporting
rule and is unfair to grant on the basis FMCSA, or be ‘‘unrated.’’ Motor carriers OS/OW loads under permit will
of someone’s business model. Choosing with ‘‘Conditional’’ or ‘‘Unsatisfactory’’ continue to maintain their previous
to haul cattle, household OR oversize FMCSA safety ratings are prohibited safety record while operating under this
should not exempt carriers from the from using this exemption. exemption. However, should problems
rules and regulations enacted to 4. All motor carriers operating under occur, FMCSA will take all steps
promote safety.’’ this exemption must have Safety necessary to protect the public interest,
Measurement System (SMS) scores including revocation or restriction of the
FMCSA Decision
below FMCSA’s intervention exemption. The FMCSA will
FMCSA has evaluated SC&RA’s thresholds, as displayed at http:// immediately revoke or restrict the
application and the public comments ai.fmcsa.dot.gov/sms/. exemption for failure to comply with its
and decided to grant the exemption. The terms and conditions.
arguments against the exemption are not Period of the Exemption
Issued on: June 8, 2015.
trivial. While livestock may be This exemption from the
physically endangered if the vehicle T.F. Scott Darling, III,
requirements of 49 CFR 395.3(a)(3)(ii) is
transporting them has to stop while the Chief Counsel.
granted for the period from 12:01 a.m.,
driver takes a 30-minute break—as June 18, 2015 through 11:59 p.m., June [FR Doc. 2015–15018 Filed 6–17–15; 8:45 am]
recognized in the exemption granted to 18, 2017. BILLING CODE 4910–EX–P
livestock haulers (79FR 33634, June 11,
2014)—the same cannot be said of OS/ Extent of the Exemption
OW loads. It is also true that parking This exemption is limited to the DEPARTMENT OF THE TREASURY
shortages affect drivers of many types of provisions of 49 CFR 395.3(a)(3)(ii).
vehicle. Nonetheless, finding suitable These drivers must comply with all Internal Revenue Service
parking for trucks with OS/OW loads is other applicable provisions of the
particularly difficult, as SC&RA pointed FMCSRs. Agency Information Collection
out, and the default option is likely to Activity; Proposed Collection
be parking on the shoulder of a Preemption
highway, with the load sometimes In accordance with 49 U.S.C. AGENCY: Internal Revenue Service (IRS),
extending into the lanes of traffic. No 31315(d), during the period this Treasury.
matter how well marked, trucks parked exemption is in effect, no State shall ACTION: Notice and request for
at roadside, especially at night, are too enforce any law or regulation that comments.
often mistaken for moving vehicles and conflicts with or is inconsistent with
struck, frequently with fatal this exemption with respect to a firm or SUMMARY: The Department of the
consequences, before an inattentive person operating under the exemption. Treasury, as part of its continuing effort
driver can correct his mistake. Based on to reduce paperwork and respondent
available information, the number of Notification to FMCSA burden, invites the general public and
such crashes likely to occur during a 30- Any motor carrier utilizing this other Federal agencies to take this
minute break cannot be estimated, but exemption must notify FMCSA within 5 opportunity to comment on proposed
the Agency has concluded that drivers business days of any accident (as and/or continuing information
of OS/OW vehicles are at least as likely defined in 49 CFR 390.5), involving any collections, as required by the
to be involved in a crash while parked of the motor carrier’s CMV drivers Paperwork Reduction Act of 1995,
at roadside during a 30-minute break as operating under the terms of this Public Law 104–13 (44 U.S.C.
while driving during that same period exemption. The notification must 3506(c)(2)(A)). Currently, the IRS is
and the hour or so thereafter, where the include the following information: soliciting comments concerning Special
break typically has the greatest benefit. a. Name of operating motor carrier Valuation Rules.
FMCSA has therefore decided to grant and USDOT number, DATES: Written comments should be
the exemption, subject to the terms and b. Date of the accident, received on or before August 17, 2015
conditions outlined below. c. City or town, and State, in which to be assured of consideration.
the accident occurred, or closest to the
Terms of the Exemption ADDRESSES: Direct all written comments
accident scene,
to Christie A. Preston, Internal Revenue
1. Drivers of specialized loads moving d. Driver’s name and license number
Service, Room 6129, 1111 Constitution
in interstate commerce that exceed and State of issuance,
Avenue NW., Washington, DC 20224.
normal weight and dimensional limits— e. Vehicle number and State license
oversize/overweight (OS/OW) loads— plate number, FOR FURTHER INFORMATION CONTACT:
and require a permit issued by a f. Number of individuals suffering Requests for additional information or
government authority, are exempt from physical injury, copies of the regulations should be
the requirement for a 30-minute rest g. Number of fatalities, directed to Martha R. Brinson, Internal
break in § 395.3(a)(3)(ii). Drivers of h. The police-reported cause of the Revenue Service, Room 6129, 1111
Constitution Avenue NW., Washington,
tkelley on DSK3SPTVN1PROD with NOTICES
loads not moving in interstate accident,
commerce are not eligible for this i. Whether the driver was cited for DC 20224, or through the Internet at
exemption. violation of any traffic laws or motor Martha.R.Brinson@irs.gov.
2. Drivers must have a copy of this carrier safety regulations, and SUPPLEMENTARY INFORMATION:
exemption document in their possession j. The driver’s total driving time and Title: Special Valuation Rules.
while operating under the terms of the total on-duty time period prior to the OMB Number: 1545–1241.
exemption. The exemption document accident. Regulation Project Number: TD 8395.
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![34960 Federal Register / Vol. 80, No. 117 / Thursday, June 18, 2015 / Notices
Abstract: Section 2701 of the Internal DEPARTMENT OF THE TREASURY The estimated annual burden per
Revenue Code allows various elections respondent/recordkeeper for the
by family members who make gifts of Internal Revenue Service collection of information in § 1.6011–4
common stock or partnership interests will be reflected on Form 8886.
and retain senior interests in the same Proposed Collection; Comment The following paragraph applies to all
entity. This regulation provides Request for Regulation Project of the collections of information covered
guidance on how taxpayers make these by this notice:
AGENCY: Internal Revenue Service (IRS), An agency may not conduct or
elections, what information is required,
Treasury. sponsor, and a person is not required to
and how the transfer is to be disclosed
on the gift tax return (Form 709). ACTION: Notice and request for respond to, a collection of information
Current Actions: There is no change to comments. unless the collection displays a valid
this existing regulation. OMB control number. Books or records
SUMMARY: The Department of the
Type of Review: Extension of a relating to a collection of information
Treasury, as part of its continuing effort
currently approved collection. must be retained as long as their
to reduce paperwork and respondent
Affected Public: Individuals or contents may become material in the
burden, invites the general public and
households. administration of any internal revenue
other Federal agencies to take this
Estimated Number of Respondents: law. Generally, tax returns and tax
opportunity to comment on proposed
1,200. return information are confidential, as
and/or continuing information
Estimated Time per Respondent: 25 required by 26 U.S.C. 6103.
collections, as required by the Request for Comments: Comments
minutes. Paperwork Reduction Act of 1995, submitted in response to this notice will
Estimated Total Annual Burden Public Law 104–13 (44 U.S.C. be summarized and/or included in the
Hours: 496. 3506(c)(2)(A)). The IRS is soliciting request for OMB approval. All
The following paragraph applies to all comments concerning information comments will become a matter of
of the collections of information covered collection requirements related to Tax public record. Comments are invited on:
by this notice: Shelter Regulations. (a) Whether the collection of
An agency may not conduct or DATES: Written comments should be information is necessary for the proper
sponsor, and a person is not required to received on or before August 17, 2015 performance of the functions of the
respond to, a collection of information to be assured of consideration. agency, including whether the
unless the collection of information ADDRESSES: Direct all written comments information shall have practical utility;
displays a valid OMB control number. to Christie Preston, Internal Revenue (b) the accuracy of the agency’s estimate
Books or records relating to a Service, room 6129, 1111 Constitution of the burden of the collection of
collection of information must be Avenue NW., Washington, DC 20224. information; (c) ways to enhance the
retained as long as their contents may quality, utility, and clarity of the
FOR FURTHER INFORMATION CONTACT:
become material in the administration information to be collected; (d) ways to
Requests for additional information or
of any internal revenue law. Generally, minimize the burden of the collection of
copies of the regulations should be
tax returns and tax return information information on respondents, including
directed to LaNita Van Dyke at Internal
are confidential, as required by 26 through the use of automated collection
Revenue Service, room 6517, 1111
U.S.C. 6103. techniques or other forms of information
Constitution Avenue NW., Washington,
Request for Comments: Comments DC 20224, or through the internet at technology; and (e) estimates of capital
submitted in response to this notice will Lanita.VanDyke@irs.gov. or start-up costs and costs of operation,
be summarized and/or included in the maintenance, and purchase of services
request for OMB approval. All SUPPLEMENTARY INFORMATION:
to provide information.
comments will become a matter of Title: Tax Shelter Disclosure
Regulations. Approved: June 9, 2015.
public record. Comments are invited on:
(a) Whether the collection of OMB Number: 1545–1685. Christie Preston,
information is necessary for the proper Regulation Project Number: T.D. 9046. IRS Reports Clearance Officer.
performance of the functions of the Abstract: These regulations finalize [FR Doc. 2015–15056 Filed 6–17–15; 8:45 am]
agency, including whether the the rules relating to the filing by certain BILLING CODE 4830–01–P
information shall have practical utility; taxpayers of a disclosure statement with
(b) the accuracy of the agency’s estimate their Federal tax returns under section
of the burden of the collection of 6011(a), the rules relating to the DEPARTMENT OF THE TREASURY
information; (c) ways to enhance the registration of confidential corporate tax
quality, utility, and clarity of the shelters under section 6111(d), and the Internal Revenue Service
information to be collected; (d) ways to rules relating to the list maintenance
requirements under section 6112. These Proposed Collection; Comment
minimize the burden of the collection of Request on Excise Tax for Income
information on respondents, including regulations affect taxpayers
participating in reportable transactions, Realized on Receipt of Greenmail
through the use of automated collection
techniques or other forms of information persons responsible for registering AGENCY: Internal Revenue Service (IRS),
technology; and (e) estimates of capital confidential corporate tax shelters, and Treasury.
or start-up costs and costs of operation, organizers and sellers of potentially ACTION: Notice and request for
maintenance, and purchase of services abusive tax shelters. comments.
tkelley on DSK3SPTVN1PROD with NOTICES
to provide information. Current Actions: There is no change to
these existing regulations. SUMMARY: The Department of the
Approved: June 3, 2015. Treasury, as part of its continuing effort
Type of Review: Extension of
Christie A. Preston, currently approved collection. to reduce paperwork and respondent
IRS Reports Clearance Officer. Affected Public: Individual or burden, invites the general public and
[FR Doc. 2015–15057 Filed 6–17–15; 8:45 am] households, Business or other for-profit other Federal agencies to take this
BILLING CODE 4830–01–P organizations. opportunity to comment on proposed
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Document Created: 2018-02-22 11:11:55
Document Modified: 2018-02-22 11:11:55
| 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 17, 2015 to be assured of consideration. | |
| Contact | Requests for additional information or copies of the regulations should be directed to Martha R. Brinson, Internal Revenue Service, Room 6129, 1111 Constitution Avenue NW., Washington, DC 20224, or through the Internet at [email protected] | |
| FR Citation | 80 FR 34959 |
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