80 FR 34961 - Proposed Collection; Comment Request for Form 712

DEPARTMENT OF THE TREASURY
Internal Revenue Service

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

Page Range		34961-34962
FR Document		2015-15049

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 Form 712, Life Insurance Statement.

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

[Federal Register Volume 80, Number 117 (Thursday, June 18, 2015)]
[Notices]
[Pages 34961-34962]
From the Federal Register Online  [www.thefederalregister.org]
[FR Doc No: 2015-15049]


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

DEPARTMENT OF THE TREASURY

Internal Revenue Service


Proposed Collection; Comment Request for Form 712

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 
Form 712, Life Insurance Statement.

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 form and instructions should be directed to R. Joseph 
Durbala at (202) 317-5746, Internal Revenue Service, Room 6129, 1111 
Constitution Avenue NW., Washington, DC 20224 or through the internet 
at RJoseph.Durbala@irs.gov.

SUPPLEMENTARY INFORMATION:
    Title: Life Insurance Statement.
    OMB Number: 1545-0022.
    Form Number: 712.
    Abstract: Form 712 provides taxpayers and the IRS with information 
to determine if insurance on the decedent's life is includible in the 
gross estate and to determine the value of the policy for estate and 
gift tax purposes. The tax is based on the value of the life insurance 
policy.
    Current Actions: There are no changes being made to Form 712 at 
this time.
    Type of Review: Extension of a currently approved collection.
    Affected Public: Businesses or other for-profit organizations.
    Estimated Number of Responses: 60,000.
    Estimated Time Per Response: 18 hrs. 40 minutes.
    Estimated Total Annual Burden Hours: 1,120,200.
    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

[[Page 34962]]

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 8, 2015.
Christie Preston,
IRS, Reports Clearance Officer.
[FR Doc. 2015-15049 Filed 6-17-15; 8:45 am]
BILLING CODE 4830-01-P

Federal Register / Vol. 80, No. 117 / Thursday, June 18, 2015 / Notices 34961

and/or continuing information An agency may not conduct or DATES: Written comments should be
collections, as required by the sponsor, and a person is not required to received on or before August 17, 2015
Paperwork Reduction Act of 1995, respond to, a collection of information to be assured of consideration.
Public Law 104–13 (44 U.S.C. unless the collection of information ADDRESSES: Direct all written comments
3506(c)(2)(A)). Currently, the IRS is displays a valid OMB control number. to Christie Preston, Internal Revenue
soliciting comments concerning excise Books or records relating to a Service, Room 6129, 1111 Constitution
tax on greenmail. collection of information must be Avenue NW., Washington, DC 20224.
DATES: Written comments should be retained as long as their contents may FOR FURTHER INFORMATION CONTACT:
received on or before August 17, 2015 become material in the administration Requests for additional information or
to be assured of consideration. of any internal revenue law. Generally, copies of the form and instructions
ADDRESSES: Direct all written comments tax returns and tax return information should be directed to R. Joseph Durbala
to Christie Preston, Internal Revenue are confidential, as required by 26 at (202) 317–5746, Internal Revenue
Service, Room 6129, 1111 Constitution U.S.C. 6103. Service, Room 6129, 1111 Constitution
Avenue NW., Washington, DC 20224. Request for Comments: Comments
Avenue NW., Washington, DC 20224 or
FOR FURTHER INFORMATION CONTACT:
submitted in response to this notice will
through the internet at
Requests for additional information or be summarized and/or included in the
RJoseph.Durbala@irs.gov.
copies of the regulations should be request for OMB approval. All
comments will become a matter of SUPPLEMENTARY INFORMATION:
directed to R. Joseph Durbala at Internal Title: Life Insurance Statement.
Revenue Service, Room 6129, 1111 public record. Comments are invited on:
(a) Whether the collection of OMB Number: 1545–0022.
Constitution Avenue NW., Washington, Form Number: 712.
DC 20224, or at (202) 317–5746, or information is necessary for the proper
performance of the functions of the Abstract: Form 712 provides
through the internet at taxpayers and the IRS with information
RJoseph.Durbala@irs.gov. agency, including whether the
information shall have practical utility; to determine if insurance on the
SUPPLEMENTARY INFORMATION: decedent’s life is includible in the gross
Title: Excise Tax Relating to Gain or (b) the accuracy of the agency’s estimate
of the burden of the collection of estate and to determine the value of the
Other Income Realized By Any Person policy for estate and gift tax purposes.
on Receipt of Greenmail. information; (c) ways to enhance the
quality, utility, and clarity of the The tax is based on the value of the life
OMB Number: 1545–1049. insurance policy.
Regulation Project Number: TD 8379 information to be collected; (d) ways to
Current Actions: There are no changes
(final); TD 9407 (final). minimize the burden of the collection of
being made to Form 712 at this time.
Form Number: 8725. information on respondents, including
Type of Review: Extension of a
Abstract: The regulations provide through the use of automated collection
currently approved collection.
rules relating to the manner and method techniques or other forms of information
Affected Public: Businesses or other
of reporting and paying the technology; and (e) estimates of capital
for-profit organizations.
nondeductible 50 percent excise tax or start-up costs and costs of operation,
Estimated Number of Responses:
imposed by section 5881 of the Internal maintenance, and purchase of services
60,000.
Revenue Code with respect to the to provide information.
Estimated Time Per Response: 18 hrs.
receipt of greenmail. The reporting Approved: June 8, 2015. 40 minutes.
requirements will be used to verify that Christie Preston, Estimated Total Annual Burden
the excise tax imposed under section
IRS, Reports Clearance Officer. Hours: 1,120,200.
5881 is properly reported and timely
[FR Doc. 2015–15042 Filed 6–17–15; 8:45 am] The following paragraph applies to all
paid. Form 8725 is used by persons who
BILLING CODE 4830–01–P of the collections of information covered
receive ‘‘greenmail’’ to compute and pay
by this notice:
the excise tax on greenmail imposed
An agency may not conduct or
under Internal Revenue Code section
DEPARTMENT OF THE TREASURY sponsor, and a person is not required to
5881. IRS uses the information to verify
respond to, a collection of information
that the correct amount of tax has been Internal Revenue Service unless the collection of information
reported.
Current Actions: There is no change to displays a valid OMB control number.
Proposed Collection; Comment Books or records relating to a
this existing regulation. However, IRS is Request for Form 712 collection of information must be
consolidating data reported under 2
AGENCY: Internal Revenue Service (IRS), retained as long as their contents may
different approval numbers (1545–1086
Treasury. become material in the administration
and 1545–1049), to eliminate the
ACTION: Notice and request for of any internal revenue law. Generally,
perception of double counting the same
comments. tax returns and tax return information
tax requirements.
Type of Review: Revision of a are confidential, as required by 26
currently approved collection. SUMMARY: The Department of the U.S.C. 6103.
Affected Public: Individuals and Treasury, as part of its continuing effort Request For Comments: Comments
business or other for-profit to reduce paperwork and respondent submitted in response to this notice will
organizations. burden, invites the general public and be summarized and/or included in the
Estimated Number of Respondents: other Federal agencies to take this request for OMB approval. All
12. opportunity to comment on proposed comments will become a matter of
tkelley on DSK3SPTVN1PROD with NOTICES

Estimated Time per Respondent: 7 and/or continuing information public record. Comments are invited on:
hours, 37 minutes. collections, as required by the (a) Whether the collection of
Estimated Total Annual Burden Paperwork Reduction Act of 1995, information is necessary for the proper
Hours: 92. Public Law 104–13 (44 U.S.C. performance of the functions of the
The following paragraph applies to all 3506(c)(2)(A)). Currently, the IRS is agency, including whether the
of the collections of information covered soliciting comments concerning Form information shall have practical utility;
by this notice: 712, Life Insurance Statement. (b) the accuracy of the agency’s estimate

VerDate Sep<11>2014 16:53 Jun 17, 2015 Jkt 235001 PO 00000 Frm 00083 Fmt 4703 Sfmt 4703 E:\FR\FM\18JNN1.SGM 18JNN1

34962 Federal Register / Vol. 80, No. 117 / Thursday, June 18, 2015 / Notices

of the burden of the collection of institution may obtain automatic DEPARTMENT OF THE TREASURY
information; (c) ways to enhance the consent from the Service to change its
quality, utility, and clarity of the method of reporting under section Internal Revenue Service
information to be collected; (d) ways to 6050S of the Code and the Income Tax
minimize the burden of the collection of Regulations. Proposed Collection; Comment
information on respondents, including Request for Form 5884–C
Current Actions: There is no change
through the use of automated collection in the paperwork burden previously AGENCY: Internal Revenue Service (IRS),
techniques or other forms of information approved by OMB. This form is being Treasury.
technology; and (e) estimates of capital ACTION: Notice and request for
submitted for renewal purposes only.
or start-up costs and costs of operation, comments.
maintenance, and purchase of services Type of Review: Extension of a
to provide information. currently approved collection. SUMMARY: The Department of the
Approved: June 8, 2015. Affected Public: Individuals and Treasury, as part of its continuing effort
Christie Preston, Households, Businesses and other for- to reduce paperwork and respondent
IRS, Reports Clearance Officer. profit organizations. burden, invites the general public and
[FR Doc. 2015–15049 Filed 6–17–15; 8:45 am] Estimated Number of Respondents: other Federal agencies to take this
30. opportunity to comment on proposed
BILLING CODE 4830–01–P
and/or continuing information
Estimated Time per Respondent: 10 collections, as required by the
hours. Paperwork Reduction Act of 1995,
DEPARTMENT OF THE TREASURY
Estimated Total Annual Burden Public Law 104–13 (44 U.S.C.
Internal Revenue Service Hours: 300. 3506(c)(2)(A)). Currently, the IRS is
The following paragraph applies to all soliciting comments concerning Form
Agency Information Collection 5884–C, Work Opportunity Credit for
of the collections of information covered
Activity; Proposed Collection Qualified Tax-Exempt Organizations
by this notice:
AGENCY: Internal Revenue Service (IRS), Hiring Qualified Veterans.
An agency may not conduct or
Treasury. DATES: Written comments should be
sponsor, and a person is not required to
ACTION: Notice and request for received on or before August 17, 2015
respond to, a collection of information
comments. to be assured of consideration.
unless the collection of information
ADDRESSES: Direct all written comments
displays a valid OMB control number.
SUMMARY: The Department of the to Christie Preston, Internal Revenue
Books or records relating to a collection
Treasury, as part of its continuing effort Service, Room 6129, 1111 Constitution
to reduce paperwork and respondent of information must be retained as long
as their contents may become material Avenue NW., Washington, DC 20224.
burden, invites the general public and FOR FURTHER INFORMATION CONTACT:
other Federal agencies to take this in the administration of any internal
revenue law. Generally, tax returns and Requests for additional information or
opportunity to comment on proposed copies of the form and instructions
and/or continuing information tax return information are confidential,
as required by 26 U.S.C. 6103. should be directed to LaNita Van Dyke,
collections, as required by the at Internal Revenue Service, Room 6517,
Paperwork Reduction Act of 1995, REQUEST FOR COMMENTS: Comments 1111 Constitution Avenue NW.,
Public Law 104–13 (44 U.S.C. submitted in response to this notice will Washington, DC 20224, or through the
3506(c)(2)(A)). Currently, the IRS is be summarized and/or included in the internet at Lanita.VanDyke@irs.gov.
soliciting comments concerning request for OMB approval. All SUPPLEMENTARY INFORMATION:
Automatic Consent for Eligible comments will become a matter of Title: Work Opportunity Credit for
Educational Institution to Change public record. Comments are invited on: Qualified Tax-Exempt Organizations
Reporting Methods. (a) Whether the collection of Hiring Qualified Veterans.
DATES: Written comments should be information is necessary for the proper OMB Number: 1545–2226.
received on or before August 17, 2015 performance of the functions of the Form Number: Form 5884–C.
to be assured of consideration. agency, including whether the Abstract: Form 5884–C, Work
ADDRESSES: Direct all written comments information shall have practical utility; Opportunity Credit for Qualified Tax-
to Christie A. Preston, Internal Revenue (b) the accuracy of the agency’s estimate Exempt Organizations Hiring Qualified
Service, Room 6129, 1111 Constitution of the burden of the collection of Veterans, was developed as a result of
Avenue NW., Washington, DC 20224. information; (c) ways to enhance the VOW to Hire Heroes Act of 2011, Public
FOR FURTHER INFORMATION CONTACT: quality, utility, and clarity of the Law 112–56. Section 261 of Public Law
Requests for additional information or information to be collected; (d) ways to 112–56 expanded the Work Opportunity
copies of the form and instructions minimize the burden of the collection of Credit to tax-exempt organizations that
should be directed to Martha R. Brinson, information on respondents, including hire unemployed veterans. The tax
Internal Revenue Service, Room 6129, through the use of automated collection credit is a reduction in payroll taxes
1111 Constitution Avenue NW., techniques or other forms of information paid by the tax-exempt organization.
Washington, DC 20224, or through the technology; and (e) estimates of capital Form 5884–C allows a tax-exempt
Internet at Martha.R.Brinson@irs.gov. or start-up costs and costs of operation, organization a way to claim the credit
SUPPLEMENTARY INFORMATION: maintenance, and purchase of services and provides the IRS the information to
tkelley on DSK3SPTVN1PROD with NOTICES

Title: Automatic Consent for Eligible to provide information. process the tax credit.
Educational Institution to Change Approved: June 3, 2015. Current Actions: There is no change
Reporting Methods. in the paperwork burden previously
Christie A. Preston,
OMB Number: 1545–1952. approved by OMB. This form is being
Form Number: Rev. Proc 2005–50. IRS Reports Clearance Officer. submitted for renewal purposes only.
Abstract: This revenue procedure [FR Doc. 2015–15062 Filed 6–17–15; 8:45 am] Type of Review: Extension of
prescribes how an eligible educational BILLING CODE 4830–01–P currently approved collection.

VerDate Sep<11>2014 16:53 Jun 17, 2015 Jkt 235001 PO 00000 Frm 00084 Fmt 4703 Sfmt 4703 E:\FR\FM\18JNN1.SGM 18JNN1

Document Created: 2018-02-22 11:12:13
Document Modified: 2018-02-22 11:12:13

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 form and instructions should be directed to R. Joseph Durbala at (202) 317-5746, Internal Revenue Service, Room 6129, 1111 Constitution Avenue NW., Washington, DC 20224 or through the internet at [email protected]
FR Citation		80 FR 34961

80 FR 34961 - Proposed Collection; Comment Request for Form 712

DEPARTMENT OF THE TREASURYInternal Revenue Service

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

DEPARTMENT OF THE TREASURY
Internal Revenue Service