80 FR 34960 - Internal Revenue Service

DEPARTMENT OF THE TREASURY

Federal Register Volume 80, Issue 117 (June 18, 2015)

Page Range		34960-34960
FR Document		2015-15056

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 Tax Shelter Regulations.

Federal Register, Volume 80 Issue 117 (Thursday, June 18, 2015)

[Federal Register Volume 80, Number 117 (Thursday, June 18, 2015)]
[Notices]
[Page 34960]
From the Federal Register Online  [www.thefederalregister.org]
[FR Doc No: 2015-15056]


-----------------------------------------------------------------------

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.

-----------------------------------------------------------------------

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 Tax Shelter Regulations.

DATES: Written comments should be received on or before August 17, 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 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: Tax Shelter Disclosure Regulations.
    OMB Number: 1545-1685.
    Regulation Project Number: T.D. 9046.
    Abstract: These regulations finalize the rules relating to the 
filing by certain taxpayers of a disclosure statement with their 
Federal tax returns under section 6011(a), the rules relating to the 
registration of confidential corporate tax shelters under section 
6111(d), and the rules relating to the list maintenance requirements 
under section 6112. These regulations affect taxpayers participating in 
reportable transactions, persons responsible for registering 
confidential corporate tax shelters, and organizers and sellers of 
potentially abusive tax shelters.
    Current Actions: There is no change to these existing regulations.
    Type of Review: Extension of currently approved collection.
    Affected Public: Individual or households, Business or other for-
profit organizations.
    The estimated annual burden per respondent/recordkeeper for the 
collection of information in Sec.  1.6011-4 will be reflected on Form 
8886.
    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 
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 9, 2015.
Christie Preston,
IRS Reports Clearance Officer.
[FR Doc. 2015-15056 Filed 6-17-15; 8:45 am]
BILLING CODE 4830-01-P

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

VerDate Sep<11>2014 16:53 Jun 17, 2015 Jkt 235001 PO 00000 Frm 00082 Fmt 4703 Sfmt 4703 E:\FR\FM\18JNN1.SGM 18JNN1

Document Created: 2018-02-22 11:11:52
Document Modified: 2018-02-22 11:11:52

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 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 34960