80 FR 41560 - Proposed Collection; Comment Request for Form 8883

DEPARTMENT OF THE TREASURY
Internal Revenue Service

Federal Register Volume 80, Issue 135 (July 15, 2015)

Page Range		41560-41561
FR Document		2015-17319

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 8883, Asset Allocation Statement Under Section 338.

Federal Register, Volume 80 Issue 135 (Wednesday, July 15, 2015)

[Federal Register Volume 80, Number 135 (Wednesday, July 15, 2015)]
[Notices]
[Pages 41560-41561]
From the Federal Register Online  [www.thefederalregister.org]
[FR Doc No: 2015-17319]


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DEPARTMENT OF THE TREASURY

Internal Revenue Service


Proposed Collection; Comment Request for Form 8883

AGENCY: Internal Revenue Service (IRS), Treasury.

ACTION: Notice and request for comments.

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

[[Page 41561]]

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 8883, Asset Allocation Statement Under Section 338.

DATES: Written comments should be received on or before September 14, 
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 form and instructions 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: Asset Allocation Statement Under Section 338.
    OMB Number: 1545-1806.
    Form Number: 8883.
    Abstract: Form 8883 is used to report information regarding 
transactions involving the deemed sale of corporate assets under 
section 338.
    Current Actions: There are no changes being made to this form at 
this time.
    Type of Review: Extension of a currently approved collection.
    Affected Public: Business or other for-profit organizations.
    Estimated Number of Respondents: 243.
    Estimated Time per Respondent: 23 hours, 40 minutes.
    Estimated Total Annual Burden Hours: 5,755.
    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: July 6, 2015.
Christie A. Preston,
IRS Reports Clearance Officer.
[FR Doc. 2015-17319 Filed 7-14-15; 8:45 am]
BILLING CODE 4830-01-P

41560 Federal Register / Vol. 80, No. 135 / Wednesday, July 15, 2015 / Notices

the Bureau of the Fiscal Service within comments will become a matter of sanctions programs is also available via
the Department of the Treasury is public record. Comments are invited on: facsimile through a 24-hour fax-on-
soliciting comments concerning the (a) Whether the collection of demand service, tel.: 202/622–0077.
‘‘Application For Disposition Of information is necessary for the proper
Notice of OFAC Action
Retirement Plan and/or Individual performance of the functions of the
Retirement Bonds Without agency, including whether the On July 9, 2015, OFAC, in
Administration Of Deceased Owner’s information shall have practical utility; consultation with the Department of
Estate.’’ (b) the accuracy of the agency’s estimate State, determined that circumstances no
DATES: Written comments should be of the burden of the collection of longer warrant the inclusion of the
received on or before September 14, information; (c) ways to enhance the following individual in the Annex to
2015 to be assured of consideration. quality, utility, and clarity of the Executive Order 13448 of October 18,
information to be collected; (d) ways to 2007, ‘‘Blocking Property and
ADDRESSES: Direct all written comments
minimize the burden of the collection of Prohibiting Certain Transactions Related
and requests for further information to information on respondents, including to Burma’’ (E.O. 13448), and on OFAC’s
Bureau of the Fiscal Service, Bruce A. through the use of automated collection SDN list, and that this individual is no
Sharp, 200 Third Street A4–A, techniques or other forms of information longer subject to the blocking provisions
Parkersburg, WV 26106–1328, or technology; and (e) estimates of capital of Section 1(a) of E.O. 13448.
bruce.sharp@fiscal.treasury.gov. or start-up costs and costs of operation,
FOR FURTHER INFORMATION CONTACT: maintenance, and purchase of services Individual
Requests for additional information or to provide information. ZAW, Thidar (a.k.a. ZAW, Daw Thidar;
copies of the form(s) and instructions Dated: July 9, 2015. a.k.a. ZAW, Thida), Burma; 6 Cairnhill
should be directed to Ron Lewis; 200 Circle, Number 18–07, Cairnhill Crest
Bruce A. Sharp, 229813, Singapore; DOB 24 Feb 1962; citizen
Third Street Room 515, Parkersburg,
WV 26106–1328, or ron.lewis@fiscal. Bureau Clearance Officer. Burma; nationality Burma; Wife of Tay ZA
treasury.gov. [FR Doc. 2015–17345 Filed 7–14–15; 8:45 am] (individual) [BURMA].
BILLING CODE 4810–AS–P
SUPPLEMENTARY INFORMATION: On July 9, 2015, OFAC, in
Title: Application For Disposition Of consultation with the Department of
Retirement Plan and/or Individual State, pursuant to Executive Order
DEPARTMENT OF THE TREASURY
Retirement Bonds Without 13310 of July 28, 2003, ‘‘Blocking
Administration Of Deceased Owner’s Office of Foreign Assets Control Property of the Government of Burma
Estate. and Prohibiting Certain Transactions’’
OMB Number: 1530–0032 (Previously Unblocking of Specially Designated (E.O. 13310), determined that
approved as 1535–0032 as a collection Nationals and Blocked Persons circumstances no longer warrant the
conducted by Department of the Pursuant to Executive Order 13310 and inclusion of the individuals identified
Treasury/Bureau of the Public Debt.) Executive Order 13448 below on the SDN List, and that these
Transfer of OMB Control Number: individuals are no longer subject to the
The Bureau of Public Debt (BPD) and AGENCY: Office of Foreign Assets
blocking provisions of Section 1(b) of
the Financial Management Service Control, Treasury.
E.O. 13310.
(FMS) have consolidated to become the ACTION: Notice.
Bureau of the Fiscal Service (Fiscal Individuals
SUMMARY: The Treasury Department’s
Service). Information collection requests Office of Foreign Assets Control (OFAC) BO, Maung; DOB 16 Feb 1945; citizen
previously held separately by BPD and is removing the names of three
Burma; nationality Burma; Lieutenant-
FMS will now be identified by a 1530 General; Chief of Bureau of Special Operation
individuals whose property and 4; Member, State Peace and Development
prefix, designating Fiscal Service. interests in property have been
Form Number: FS Form 3565. Council (individual) [BURMA].
unblocked pursuant to Executive Order WIN, Soe; DOB 10 May 1947; citizen
Abstract: The information is used to
13310 and Executive Order 13448. Burma; nationality Burma; Lieutenant-
support a request for recognition as a General; Prime Minister; Member, State
DATES: OFAC’s actions described in this
person entitled to United States Peace and Development Council (individual)
Retirement Plan and/or Individual notice are effective July 9, 2015.
[BURMA].
Retirement bonds which belonged to a FOR FURTHER INFORMATION CONTACT:
Associate Director for Global Targeting, Dated: July 9, 2015.
deceased owner when a legal
representative has not been appointed tel.: 202/622–2420, Associate Director John E. Smith,
for the estate and no such appointment for Sanctions Policy & Implementation, Acting Director, Office of Foreign Assets
is pending. tel.: 202/622–2480, Office of Foreign Control.
Current Actions: Extension of a Assets Control, or Chief Counsel [FR Doc. 2015–17265 Filed 7–14–15; 8:45 am]
currently approved collection. (Foreign Assets Control), tel.: 202/622– BILLING CODE 4810–AL–P
Type of Review: Regular. 2410, Office of the General Counsel,
Affected Public: Individuals or Department of the Treasury (not toll free
Households. numbers). DEPARTMENT OF THE TREASURY
Estimated Number of Respondents: SUPPLEMENTARY INFORMATION:
350. Internal Revenue Service
Electronic and Facsimile Availability
mstockstill on DSK4VPTVN1PROD with NOTICES

Estimated Time per Respondent: 20
The list of Specially Designated Proposed Collection; Comment
minutes.
Estimated Total Annual Burden Nationals and Blocked Persons (SDN Request for Form 8883
Hours: 117. List) and additional information AGENCY: Internal Revenue Service (IRS),
Request For Comments: Comments concerning OFAC sanctions programs Treasury.
submitted in response to this notice will are available from OFAC’s Web site
ACTION: Notice and request for
be summarized and/or included in the (www.treasury.gov/ofac). Certain general
comments.
request for OMB approval. All information pertaining to OFAC’s

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Federal Register / Vol. 80, No. 135 / Wednesday, July 15, 2015 / Notices 41561

SUMMARY: The Department of the request for OMB approval. All SUPPLEMENTARY INFORMATION:
Treasury, as part of its continuing effort comments will become a matter of Title: Hedging Transactions.
to reduce paperwork and respondent public record. Comments are invited on: OMB Number: 1545–1480.
burden, invites the general public and (a) Whether the collection of Regulation Project Number: TD 8985.
other Federal agencies to take this information is necessary for the proper Abstract: This document contains
opportunity to comment on proposed performance of the functions of the final regulations relating to the character
and/or continuing information agency, including whether the of gain or loss from hedging
collections, as required by the information shall have practical utility; transactions. The regulations reflect
Paperwork Reduction Act of 1995, (b) the accuracy of the agency’s estimate changes to the law made by the Ticket
Public Law 104–13 (44 U.S.C. of the burden of the collection of to Work and Work Incentives
3506(c)(2)(A)). Currently, the IRS is information; (c) ways to enhance the Improvement Act of 1999. The
soliciting comments concerning Form quality, utility, and clarity of the regulations affect businesses entering
8883, Asset Allocation Statement Under information to be collected; (d) ways to into hedging transactions.
Current Actions: There is no change to
Section 338. minimize the burden of the collection of
this existing regulation.
DATES: Written comments should be information on respondents, including Type of Review: Extension of a
received on or before September 14, through the use of automated collection currently approved collection.
2015 to be assured of consideration. techniques or other forms of information Affected Public: Business or other for-
ADDRESSES: Direct all written comments technology; and (e) estimates of capital profit organizations.
to Christie A. Preston, Internal Revenue or start-up costs and costs of operation, Estimated Number of Respondents:
Service, Room 6129, 1111 Constitution maintenance, and purchase of services 127,100.
Avenue NW., Washington, DC 20224. to provide information. Estimated Time per Respondent: 1
FOR FURTHER INFORMATION CONTACT: Approved: July 6, 2015. hour, 20 minutes.
Requests for additional information or Christie A. Preston, Estimated Total Annual Burden
copies of the form and instructions IRS Reports Clearance Officer.
Hours: 171,050.
The following paragraph applies to all
should be directed to Martha R. Brinson, [FR Doc. 2015–17319 Filed 7–14–15; 8:45 am]
of the collections of information covered
Internal Revenue Service, Room 6129, BILLING CODE 4830–01–P by this notice:
1111 Constitution Avenue NW., An agency may not conduct or
Washington, DC 20224, or through the sponsor, and a person is not required to
Internet at Martha.R.Brinson@irs.gov. DEPARTMENT OF THE TREASURY respond to, a collection of information
SUPPLEMENTARY INFORMATION: unless the collection of information
Title: Asset Allocation Statement Internal Revenue Service
displays a valid OMB control number.
Under Section 338. Books or records relating to a collection
OMB Number: 1545–1806. Proposed Collection; Comment
Request for Regulation Project of information must be retained as long
Form Number: 8883. as their contents may become material
Abstract: Form 8883 is used to report AGENCY: Internal Revenue Service (IRS), in the administration of any internal
information regarding transactions Treasury. revenue law. Generally, tax returns and
involving the deemed sale of corporate ACTION: Notice and request for tax return information are confidential,
assets under section 338. comments. as required by 26 U.S.C. 6103.
Current Actions: There are no changes Request For Comments: Comments
being made to this form at this time. SUMMARY: The Department of the submitted in response to this notice will
Type of Review: Extension of a Treasury, as part of its continuing effort be summarized and/or included in the
currently approved collection. to reduce paperwork and respondent request for OMB approval. All
Affected Public: Business or other for- burden, invites the general public and comments will become a matter of
profit organizations. other Federal agencies to take this public record. Comments are invited on:
Estimated Number of Respondents: opportunity to comment on proposed (a) Whether the collection of
243. and/or continuing information information is necessary for the proper
Estimated Time per Respondent: 23 collections, as required by the performance of the functions of the
hours, 40 minutes. Paperwork Reduction Act of 1995, agency, including whether the
Estimated Total Annual Burden Public Law 104–13 (44 U.S.C. information shall have practical utility;
Hours: 5,755. 3506(c)(2)(A)). Currently, the IRS is (b) the accuracy of the agency’s estimate
The following paragraph applies to all soliciting comments concerning of the burden of the collection of
of the collections of information covered Hedging Transactions. information; (c) ways to enhance the
by this notice: quality, utility, and clarity of the
DATES: Written comments should be
An agency may not conduct or information to be collected; (d) ways to
sponsor, and a person is not required to received on or before September 14,
2015 to be assured of consideration. minimize the burden of the collection of
respond to, a collection of information information on respondents, including
unless the collection of information ADDRESSES: Direct all written comments
to Christie A. Preston, Internal Revenue through the use of automated collection
displays a valid OMB control number. techniques or other forms of information
Books or records relating to a collection Service, Room 6129, 1111 Constitution
Avenue NW., Washington, DC 20224. technology; and (e) estimates of capital
of information must be retained as long or start-up costs and costs of operation,
mstockstill on DSK4VPTVN1PROD with NOTICES

as their contents may become material FOR FURTHER INFORMATION CONTACT:
maintenance, and purchase of services
in the administration of any internal Requests for additional information or to provide information.
revenue law. Generally, tax returns and copies of the regulation should be
tax return information are confidential, directed to Martha. R. Brinson, Internal Approved: July 6, 2015.
as required by 26 U.S.C. 6103. Revenue Service, Room 6129, 1111 Christie A. Preston,
Request for Comments: Comments Constitution Avenue NW., Washington, IRS Reports Clearance Officer.
submitted in response to this notice will DC 20224, or through the Internet at [FR Doc. 2015–17320 Filed 7–14–15; 8:45 am]
be summarized and/or included in the Martha.R.Brinson@irs.gov. BILLING CODE 4830–01–P

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Document Created: 2015-12-15 13:32:10
Document Modified: 2015-12-15 13:32:10

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 September 14, 2015 to be assured of consideration.
Contact		Requests for additional information or copies of the form and instructions 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 41560

80 FR 41560 - Proposed Collection; Comment Request for Form 8883

DEPARTMENT OF THE TREASURYInternal Revenue Service

Federal Register Volume 80, Issue 135 (July 15, 2015)

DEPARTMENT OF THE TREASURY
Internal Revenue Service