80 FR 37050 - Proposed Collection; Comment Request for Regulation Project

DEPARTMENT OF THE TREASURY
Internal Revenue Service

Federal Register Volume 80, Issue 124 (June 29, 2015)

Page Range		37050-37050
FR Document		2015-15790

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 Guidance regarding Charitable Remainder Trusts and Special Valuation Rules for Transfers of Interests and Trusts.

Federal Register, Volume 80 Issue 124 (Monday, June 29, 2015)

[Federal Register Volume 80, Number 124 (Monday, June 29, 2015)]
[Notices]
[Page 37050]
From the Federal Register Online  [www.thefederalregister.org]
[FR Doc No: 2015-15790]



[[Page 37050]]

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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.

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

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 
Guidance regarding Charitable Remainder Trusts and Special Valuation 
Rules for Transfers of Interests and Trusts.

DATES: Written comments should be received on or before August 28, 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 this regulation should be directed to Kerry Dennis, Internal 
Revenue Service, Room 6129, 1111 Constitution Avenue NW., Washington, 
DC 20224, or through the Internet at Kerry.Dennis@irs.gov.

SUPPLEMENTARY INFORMATION:
    Title: Guidance Regarding Charitable Remainder Trusts and Special 
Valuation Rules for Transfers of Interests and Trusts.
    OMB Number: 1545-1536.
    Regulation Project Number: REG-209823-96.
    Abstract: This regulation provides guidance relating to charitable 
remainder trusts and to special valuation rules for transfers of 
interests in trusts. Section 1.664-1(a)(7) of the regulation provides 
that either an independent trustee or qualified appraiser using a 
qualified appraisal must value a charitable remainder trust's assets 
that do not have an objective, ascertainable value.
    Current Actions: There is no change to this existing regulation.
    Type of Review: Extension of a currently approved collection.
    Affected Public: Businesses or other for-profit organizations.
    Estimated Number of Respondents: 150.
    Estimated Time per Respondent: 30 minutes.
    Estimated Total Annual Burden Hours: 75.
    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 18, 2015.
Christie Preston,
IRS Reports Clearance Officer.
[FR Doc. 2015-15790 Filed 6-26-15; 8:45 am]
 BILLING CODE 4830-01-P

37050 Federal Register / Vol. 80, No. 124 / Monday, June 29, 2015 / Notices

DEPARTMENT OF THE TREASURY Estimated Number of Respondents: opportunity to comment on proposed
150. and/or continuing information
Internal Revenue Service Estimated Time per Respondent: 30 collections, as required by the
minutes. Paperwork Reduction Act of 1995,
Proposed Collection; Comment Estimated Total Annual Burden Public Law 104–13 (44 U.S.C.
Request for Regulation Project Hours: 75. 3506(c)(2)(A)). Currently, the IRS is
The following paragraph applies to all soliciting comments concerning Form
AGENCY: Internal Revenue Service (IRS),
of the collections of information covered 8508, Request for Waiver From Filing
Treasury.
by this notice: Information Returns Electronically
ACTION: Notice and request for An agency may not conduct or (Forms W–2, W–2G, 1042–S, 1098
comments. sponsor, and a person is not required to Series, 1099 Series, 5498 Series, and
SUMMARY: The Department of the respond to, a collection of information 8027).
Treasury, as part of its continuing effort unless the collection of information
displays a valid OMB control number. DATES: Written comments should be
to reduce paperwork and respondent received on or before August 28, 2015
burden, invites the general public and Books or records relating to a collection
of information must be retained as long to be assured of consideration.
other Federal agencies to take this ADDRESSES: Direct all written comments
opportunity to comment on proposed as their contents may become material
in the administration of any internal to Christie Preston, Internal Revenue
and/or continuing information Service, Room 6129, 1111 Constitution
collections, as required by the revenue law. Generally, tax returns and
tax return information are confidential, Avenue NW., Washington, DC 20224.
Paperwork Reduction Act of 1995,
as required by 26 U.S.C. 6103. FOR FURTHER INFORMATION CONTACT:
Public Law 104–13 (44 U.S.C.
Request for Comments: Comments Requests for additional information or
3506(c)(2)(A)). Currently, the IRS is
submitted in response to this notice will copies of the form and instructions
soliciting comments concerning
be summarized and/or included in the should be directed to Allan Hopkins, at
Guidance regarding Charitable
request for OMB approval. All Internal Revenue Service, Room 6129,
Remainder Trusts and Special Valuation
comments will become a matter of 1111 Constitution Avenue NW.,
Rules for Transfers of Interests and
public record. Comments are invited on: Washington, DC 20224, or through the
Trusts.
(a) Whether the collection of internet at Allan.M.Hopkins@irs.gov.
DATES: Written comments should be information is necessary for the proper SUPPLEMENTARY INFORMATION:
received on or before August 28, 2015 performance of the functions of the Title: Request for Waiver From Filing
to be assured of consideration. agency, including whether the Information Returns Electronically
ADDRESSES: Direct all written comments information shall have practical utility; (Forms W–2, W–2G, 1042–S, 1098
to Christie Preston, Internal Revenue (b) the accuracy of the agency’s estimate Series, 1099 Series, 5498 Series, and
Service, Room 6129, 1111 Constitution of the burden of the collection of 8027).
Avenue NW., Washington, DC 20224. information; (c) ways to enhance the OMB Number: 1545–0957.
FOR FURTHER INFORMATION CONTACT: quality, utility, and clarity of the Form Number: Form 8508.
Requests for additional information or information to be collected; (d) ways to Abstract: Certain filers of information
copies of this regulation should be minimize the burden of the collection of returns are required by law to file
directed to Kerry Dennis, Internal information on respondents, including electronically. In some instances,
Revenue Service, Room 6129, 1111 through the use of automated collection waivers from this requirement are
Constitution Avenue NW., Washington, techniques or other forms of information necessary and justified. Form 8508 is
DC 20224, or through the Internet at technology; and (e) estimates of capital submitted by the filer and provides
Kerry.Dennis@irs.gov. or start-up costs and costs of operation, information on which IRS will base its
maintenance, and purchase of services waiver determination.
SUPPLEMENTARY INFORMATION: Current Actions: There is no change
to provide information.
Title: Guidance Regarding Charitable in the paperwork burden previously
Remainder Trusts and Special Valuation Approved: June 18, 2015.
approved by OMB. This form is being
Rules for Transfers of Interests and Christie Preston,
submitted for renewal purposes only.
Trusts. IRS Reports Clearance Officer. Type of Review: Extension of a
OMB Number: 1545–1536. [FR Doc. 2015–15790 Filed 6–26–15; 8:45 am] currently approved collection.
Regulation Project Number: REG– BILLING CODE 4830–01–P Affected Public: Businesses and other
209823–96. for-profit organizations, Farms, Federal
Abstract: This regulation provides Government, State, Local or Tribal
guidance relating to charitable DEPARTMENT OF THE TREASURY Government, and Not-for-Profit
remainder trusts and to special institutions.
valuation rules for transfers of interests Internal Revenue Service Estimated Number of Respondents:
in trusts. Section 1.664–1(a)(7) of the 1,000.
regulation provides that either an Proposed Collection; Comment
Estimated Time per Respondent: 45
independent trustee or qualified Request for Form 8508
minutes.
appraiser using a qualified appraisal AGENCY: Internal Revenue Service (IRS), Estimated Total Annual Burden
must value a charitable remainder Treasury. Hours: 750.
mstockstill on DSK4VPTVN1PROD with NOTICES

trust’s assets that do not have an ACTION: Notice and request for The following paragraph applies to all
objective, ascertainable value. comments. of the collections of information covered
Current Actions: There is no change to by this notice:
this existing regulation. SUMMARY: The Department of the An agency may not conduct or
Type of Review: Extension of a Treasury, as part of its continuing effort sponsor, and a person is not required to
currently approved collection. to reduce paperwork and respondent respond to, a collection of information
Affected Public: Businesses or other burden, invites the general public and unless the collection of information
for-profit organizations. other Federal agencies to take this displays a valid OMB control number.

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Document Created: 2015-12-15 14:24:25
Document Modified: 2015-12-15 14:24:25

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 28, 2015 to be assured of consideration.
Contact		Requests for additional information or copies of this regulation should be directed to Kerry Dennis, Internal Revenue Service, Room 6129, 1111 Constitution Avenue NW., Washington, DC 20224, or through the Internet at [email protected]
FR Citation		80 FR 37050

80 FR 37050 - Proposed Collection; Comment Request for Regulation Project

DEPARTMENT OF THE TREASURYInternal Revenue Service

Federal Register Volume 80, Issue 124 (June 29, 2015)

DEPARTMENT OF THE TREASURY
Internal Revenue Service