80 FR 41561 - Proposed Collection; Comment Request for Regulation Project

DEPARTMENT OF THE TREASURY
Internal Revenue Service

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

Page Range		41561-41561
FR Document		2015-17320

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 Hedging Transactions.

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

[Federal Register Volume 80, Number 135 (Wednesday, July 15, 2015)]
[Notices]
[Page 41561]
From the Federal Register Online  [www.thefederalregister.org]
[FR Doc No: 2015-17320]


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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.

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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)). Currently, the IRS is soliciting comments concerning 
Hedging Transactions.

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 regulation should be directed to Martha. R. Brinson, 
Internal Revenue Service, Room 6129, 1111 Constitution Avenue NW., 
Washington, DC 20224, or through the Internet at 
Martha.R.Brinson@irs.gov.

SUPPLEMENTARY INFORMATION: 
    Title: Hedging Transactions.
    OMB Number: 1545-1480.
    Regulation Project Number: TD 8985.
    Abstract: This document contains final regulations relating to the 
character of gain or loss from hedging transactions. The regulations 
reflect changes to the law made by the Ticket to Work and Work 
Incentives Improvement Act of 1999. The regulations affect businesses 
entering into hedging transactions.
    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: 127,100.
    Estimated Time per Respondent: 1 hour, 20 minutes.
    Estimated Total Annual Burden Hours: 171,050.
    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. 2015-17320 Filed 7-14-15; 8:45 am]
 BILLING CODE 4830-01-P

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 13:32:50
Document Modified: 2015-12-15 13:32:50

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 regulation 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 41561

80 FR 41561 - Proposed Collection; Comment Request for Regulation Project

DEPARTMENT OF THE TREASURYInternal Revenue Service

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

DEPARTMENT OF THE TREASURY
Internal Revenue Service