80_FR_38640 80 FR 38512 - Proposed Information Collection; Comment Request

80 FR 38512 - Proposed Information Collection; Comment Request

DEPARTMENT OF THE TREASURY
Internal Revenue Service

Federal Register Volume 80, Issue 128 (July 6, 2015)

Page Range38512-38512
FR Document2015-16483

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)).

Federal Register, Volume 80 Issue 128 (Monday, July 6, 2015) 
[Federal Register Volume 80, Number 128 (Monday, July 6, 2015)]
[Notices]
[Page 38512]
From the Federal Register Online  [www.thefederalregister.org]
[FR Doc No: 2015-16483]


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DEPARTMENT OF THE TREASURY

Internal Revenue Service


Proposed Information Collection; Comment Request

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)).

DATES: Written comments should be received on or before September 4, 
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.
    Please send separate comments for each specific information 
collection listed below. You must reference the information 
collection's title, form number, reporting or record-keeping 
requirement number, and OMB number (if any) in your comment.

FOR FURTHER INFORMATION CONTACT: To obtain additional information, or 
copies of the information collection and instructions, or copies of any 
comments received, contact Elaine Christophe, at Internal Revenue 
Service, Room 6129, 1111 Constitution Avenue NW., Washington, DC 20224, 
or through the Internet, at [email protected].

SUPPLEMENTARY INFORMATION: 

Request for Comments

    The Department of the Treasury and the Internal Revenue Service, as 
part of their continuing effort to reduce paperwork and respondent 
burden, invite the general public and other Federal agencies to take 
this opportunity to comment on the proposed or continuing information 
collections listed below in this notice, as required by the Paperwork 
Reduction Act of 1995, (44 U.S.C. 3501 et seq.).
    Request for Comments: Comments submitted in response to this notice 
will be summarized and/or included in our request for Office of 
Management and Budget (OMB) approval of the relevant information 
collection. All comments will become a matter of public record. Please 
do not include any confidential or inappropriate material in your 
comments.
    We invite comments on: (a) Whether the collection of information is 
necessary for the proper performance of the agency's functions, 
including whether the information has 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 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 the 
requested information. Currently, the IRS is seeking comments 
concerning the following forms, and reporting and record-keeping 
requirements:
    Title: Reporting Requirements for Recipients of Points Paid on 
Residential Mortgages.
    OMB Number: 1545-1380.
    Regulation Project Number: IA-17-90 (TD 8571).
    Abstract: These regulations require the reporting of certain 
information relating to payments of mortgage interest. Taxpayers must 
separately state on Form 1098 the amount of points and the amount of 
interest (other than points) received during the taxable year on a 
single mortgage and must provide to the payer of the points a separate 
statement setting forth the information being reported to the IRS.
    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: 37,644.
    Estimated Time per Respondent: 7 hrs., 31 minutes.
    Estimated Total Annual Burden Hours: 283,056.

    Title: Guidance on Passive Foreign (PFIC) Purging Elections.
    OMB Number: 1545-1965.
    Regulation Project Number: REG-133446-03 (TD 9360).
    Abstract: The IRS needs the information to substantiate the 
taxpayer's computation of the taxpayer's share of the PFIC's post-1986 
earning and profits.
    Current Actions: There is no change to these existing regulations.
    Type of Review: Extension of currently approved collection.
    Affected Public: Individuals or households, business or other for-
profit organizations.
    Estimated Number of Respondents: 250.
    Estimated Time per Respondent: 1 hour.
    Estimated Total Annual Burden Hours: 250.

    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.

    Approved: June 24, 2015.
Christie A. Preston,
IRS Reports Clearance Officer.
[FR Doc. 2015-16483 Filed 7-2-15; 8:45 am]
 BILLING CODE 4830-01-P

38512 Federal Register / Vol. 80, No. 128 / Monday, July 6, 2015 / Notices filed within 15 days after the EA of the information collection and statement setting forth the information becomes available to the public. instructions, or copies of any comments being reported to the IRS. Environmental, historic preservation, received, contact Elaine Christophe, at Current Actions: There is no change to public use, or trail use/rail banking Internal Revenue Service, Room 6129, this existing regulation. conditions will be imposed, where 1111 Constitution Avenue NW., Type of Review: Extension of a appropriate, in a subsequent decision. Washington, DC 20224, or through the currently approved collection. Pursuant to the provisions of 49 CFR Internet, at Elaine.H.Christophe@irs.gov. Affected Public: Business or other for- 1152.29(e)(2), NSR shall file a notice of SUPPLEMENTARY INFORMATION: profit organizations. consummation with the Board to signify Estimated Number of Respondents: that it has exercised authority granted Request for Comments 37,644. and fully abandoned the Line. If The Department of the Treasury and Estimated Time per Respondent: 7 consummation has not been effected by the Internal Revenue Service, as part of hrs., 31 minutes. NSR’s filing of a notice of their continuing effort to reduce Estimated Total Annual Burden consummation by July 6, 2016, and paperwork and respondent burden, Hours: 283,056. there are no legal or regulatory barriers invite the general public and other Title: Guidance on Passive Foreign to consummation, the authority to Federal agencies to take this (PFIC) Purging Elections. abandon will automatically expire. opportunity to comment on the OMB Number: 1545–1965. Board decisions and notices are proposed or continuing information Regulation Project Number: REG– available on our Web site at collections listed below in this notice, 133446–03 (TD 9360). WWW.STB.DOT.GOV. as required by the Paperwork Reduction Abstract: The IRS needs the Decided: June 26, 2015. Act of 1995, (44 U.S.C. 3501 et seq.). information to substantiate the taxpayer’s computation of the taxpayer’s By the Board, Joseph H. Dettmar, Acting Request for Comments: Comments share of the PFIC’s post-1986 earning Director, Office of Proceedings. submitted in response to this notice will and profits. Brendetta S. Jones, be summarized and/or included in our Current Actions: There is no change to Clearance Clerk. request for Office of Management and these existing regulations. [FR Doc. 2015–16451 Filed 7–2–15; 8:45 am] Budget (OMB) approval of the relevant Type of Review: Extension of BILLING CODE 4915–01–P information collection. All comments currently approved collection. will become a matter of public record. Affected Public: Individuals or Please do not include any confidential households, business or other for-profit or inappropriate material in your organizations. DEPARTMENT OF THE TREASURY comments. Estimated Number of Respondents: Internal Revenue Service We invite comments on: (a) Whether 250. the collection of information is Estimated Time per Respondent: 1 Proposed Information Collection; necessary for the proper performance of hour. Comment Request the agency’s functions, including Estimated Total Annual Burden whether the information has practical Hours: 250. AGENCY: Internal Revenue Service (IRS), utility; (b) the accuracy of the agency’s Treasury. The following paragraph applies to all estimate of the burden of the collection of the collections of information covered ACTION: Notice and request for of information; (c) ways to enhance the comments. by this notice: quality, utility, and clarity of the An agency may not conduct or SUMMARY: The Department of the information to be collected; (d) ways to sponsor, and a person is not required to Treasury, as part of its continuing effort minimize the burden of the collection of respond to, a collection of information to reduce paperwork and respondent information on respondents, including unless the collection of information burden, invites the general public and the use of automated collection displays a valid OMB control number. other Federal agencies to take this techniques or other forms of information Books or records relating to a collection opportunity to comment on proposed technology; and (e) estimates of capital of information must be retained as long and/or continuing information or start-up costs and costs of operation, as their contents may become material collections, as required by the maintenance, and purchase of services in the administration of any internal Paperwork Reduction Act of 1995, to provide the requested information. revenue law. Generally, tax returns and Public Law 104–13 (44 U.S.C. Currently, the IRS is seeking comments tax return information are confidential, 3506(c)(2)(A)). concerning the following forms, and as required by 26 U.S.C. 6103. reporting and record-keeping DATES: Written comments should be requirements: Approved: June 24, 2015. received on or before September 4, 2015 Title: Reporting Requirements for Christie A. Preston, to be assured of consideration. Recipients of Points Paid on Residential IRS Reports Clearance Officer. ADDRESSES: Direct all written comments Mortgages. [FR Doc. 2015–16483 Filed 7–2–15; 8:45 am] to Christie A. Preston, Internal Revenue OMB Number: 1545–1380. BILLING CODE 4830–01–P Service, Room 6129, 1111 Constitution Regulation Project Number: IA–17–90 Avenue NW., Washington, DC 20224. (TD 8571). Please send separate comments for Abstract: These regulations require DEPARTMENT OF THE TREASURY each specific information collection the reporting of certain information Internal Revenue Service Lhorne on DSK7TPTVN1PROD with NOTICES listed below. You must reference the relating to payments of mortgage information collection’s title, form interest. Taxpayers must separately state number, reporting or record-keeping Advisory Group to the Commissioner on Form 1098 the amount of points and of Internal Revenue; Renewal of requirement number, and OMB number the amount of interest (other than (if any) in your comment. Charter points) received during the taxable year FOR FURTHER INFORMATION CONTACT: To on a single mortgage and must provide AGENCY: Internal Revenue Service (IRS); obtain additional information, or copies to the payer of the points a separate Treasury. VerDate Sep<11>2014 14:37 Jul 02, 2015 Jkt 235001 PO 00000 Frm 00086 Fmt 4703 Sfmt 4703 E:\FR\FM\06JYN1.SGM 06JYN1


Document Created: 2015-12-15 13:17:54
Document Modified: 2015-12-15 13:17:54
CategoryRegulatory Information
CollectionFederal Register
sudoc ClassAE 2.7:
GS 4.107:
AE 2.106:
PublisherOffice of the Federal Register, National Archives and Records Administration
SectionNotices
ActionNotice and request for comments.
DatesWritten comments should be received on or before September 4, 2015 to be assured of consideration.
ContactTo obtain additional information, or copies of the information collection and instructions, or copies of any comments received, contact Elaine Christophe, at Internal Revenue Service, Room 6129, 1111 Constitution Avenue NW., Washington, DC 20224, or through the Internet, at [email protected]
FR Citation80 FR 38512 
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