80_FR_44568 80 FR 44425 - Proposed Collection; Comment Request for Revenue Procedure 99-50

80 FR 44425 - Proposed Collection; Comment Request for Revenue Procedure 99-50

DEPARTMENT OF THE TREASURY
Internal Revenue Service

Federal Register Volume 80, Issue 143 (July 27, 2015)

Page Range44425-44426
FR Document2015-18368

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 Revenue Procedure 99-50, Combined Information Reporting.

Federal Register, Volume 80 Issue 143 (Monday, July 27, 2015)
[Federal Register Volume 80, Number 143 (Monday, July 27, 2015)]
[Notices]
[Pages 44425-44426]
From the Federal Register Online  [www.thefederalregister.org]
[FR Doc No: 2015-18368]


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DEPARTMENT OF THE TREASURY

Internal Revenue Service


Proposed Collection; Comment Request for Revenue Procedure 99-50

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 
Revenue Procedure 99-50, Combined Information Reporting.

DATES: Written comments should be received on or before September 25, 
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 revenue procedure should be directed to Allan Hopkins, at 
Internal Revenue Service, Room 6129, 1111 Constitution Avenue NW., 
Washington, DC 20224, or through the Internet, at 
[email protected].

SUPPLEMENTARY INFORMATION:
    Title: Combined Information Reporting.
    OMB Number: 1545-1667.
    Revenue Procedure Number: Revenue Procedure 99-50.
    Abstract: Revenue Procedure 99-50 permits combined information 
reporting by a successor business entity (i.e., a corporation, 
partnership, or sole proprietorship) in certain situations following a 
merger or an acquisition. Combined information reporting may be elected 
by a successor with respect to certain Forms 1042-S, all forms in the 
series 1098, 1099, and 5498, and Forms W-2G. The successor must file a 
statement with the IRS indicating what forms are being filed on a 
combined basis.
    Current Actions: There are no changes being made to the revenue 
procedure at this time.
    Type of Review: Extension of a currently approved collection.
    Affected Public: Business or other for-profit organizations, not-
for-profit institutions, and farms.
    Estimated Number of Respondents: 6,000.
    Estimated Average Time per Respondent: 5 minutes.
    Estimated Total Annual Burden Hours: 500.
    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

[[Page 44426]]

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 15, 2015.
Christie Preston,
IRS Reports Clearance Officer.
[FR Doc. 2015-18368 Filed 7-24-15; 8:45 am]
BILLING CODE 4830-01-P



                                                                              Federal Register / Vol. 80, No. 143 / Monday, July 27, 2015 / Notices                                           44425

                                                    Notice and request for
                                              ACTION:                                                     Estimated Time per Respondent: 1 hr.               Paperwork Reduction Act of 1995,
                                              comments.                                                   Estimated Total Annual Burden                      Public Law 104–13 (44 U.S.C.
                                                                                                       Hours: 510.                                           3506(c)(2)(A)). Currently, the IRS is
                                              SUMMARY:    The Department of the                           The following paragraph applies to all             soliciting comments concerning
                                              Treasury, as part of its continuing effort               of the collections of information covered             Revenue Procedure 99–50, Combined
                                              to reduce paperwork and respondent                       by this notice:                                       Information Reporting.
                                              burden, invites the general public and                      An agency may not conduct or                       DATES: Written comments should be
                                              other Federal agencies to take this                      sponsor, and a person is not required to
                                              opportunity to comment on proposed                                                                             received on or before September 25,
                                                                                                       respond to, a collection of information               2015 to be assured of consideration.
                                              and/or continuing information                            unless the collection of information
                                              collections, as required by the                                                                                ADDRESSES: Direct all written comments
                                                                                                       displays a valid OMB control number.
                                              Paperwork Reduction Act of 1995,                                                                               to Christie Preston, Internal Revenue
                                                                                                       Books or records relating to a collection
                                              Public Law 104–13 (44 U.S.C.                                                                                   Service, Room 6129, 1111 Constitution
                                                                                                       of information must be retained as long
                                              3506(c)(2)(A)). Currently, the IRS is                                                                          Avenue NW., Washington, DC 20224.
                                                                                                       as their contents may become material
                                              soliciting comments concerning Form                      in the administration of any internal                 FOR FURTHER INFORMATION CONTACT:
                                              13925, Notice of Election and                            revenue law. Generally, tax returns and               Requests for additional information or
                                              Agreement to Special Lien under                          tax return information are confidential,              copies of revenue procedure should be
                                              Internal Revenue Code Section 6324A                      as required by 26 U.S.C. 6103.                        directed to Allan Hopkins, at Internal
                                              and Regulations, and special lien for                       Request for Comments: Comments                     Revenue Service, Room 6129, 1111
                                              estate taxes deferred under section 6166                 submitted in response to this notice will             Constitution Avenue NW., Washington,
                                              or 6166A.                                                be summarized and/or included in the                  DC 20224, or through the Internet, at
                                              DATES: Written comments should be                        request for OMB approval. All                         Allan.M.Hopkins@irs.gov.
                                              received on or before September 25,                      comments will become a matter of                      SUPPLEMENTARY INFORMATION:
                                              2015, to be assured of consideration.                    public record. Comments are invited on:                 Title: Combined Information
                                              ADDRESSES: Direct all written comments                   (a) Whether the collection of                         Reporting.
                                              to Christie Preston, Internal Revenue                    information is necessary for the proper                 OMB Number: 1545–1667.
                                              Service, Room 6129, 1111 Constitution                    performance of the functions of the                     Revenue Procedure Number: Revenue
                                              Avenue NW., Washington, DC 20224.                        agency, including whether the                         Procedure 99–50.
                                              FOR FURTHER INFORMATION CONTACT:                         information shall have practical utility;               Abstract: Revenue Procedure 99–50
                                              Requests for additional information or                   (b) the accuracy of the agency’s estimate             permits combined information reporting
                                              copies of the regulations or form should                 of the burden of the collection of                    by a successor business entity (i.e., a
                                              be directed to Kerry Dennis at Internal                  information; (c) ways to enhance the                  corporation, partnership, or sole
                                              Revenue Service, Room 6129, 1111                         quality, utility, and clarity of the                  proprietorship) in certain situations
                                              Constitution Avenue NW., Washington,                     information to be collected; (d) ways to              following a merger or an acquisition.
                                              DC 20224, or through the Internet at                     minimize the burden of the collection of              Combined information reporting may be
                                              Kerry.Dennis@irs.gov.                                    information on respondents, including                 elected by a successor with respect to
                                              SUPPLEMENTARY INFORMATION:                               through the use of automated collection               certain Forms 1042–S, all forms in the
                                                 Title: Notice of Election and                         techniques or other forms of information              series 1098, 1099, and 5498, and Forms
                                              Agreement to Special Lien under                          technology; and (e) estimates of capital              W–2G. The successor must file a
                                              Internal Revenue Code Section 6324A                      or start-up costs and costs of operation,             statement with the IRS indicating what
                                              and Regulations, and Special lien for                    maintenance, and purchase of services                 forms are being filed on a combined
                                              estate taxes deferred under section 6166                 to provide information.                               basis.
                                              or 6166A.                                                                                                        Current Actions: There are no changes
                                                                                                         Approved: July 10, 2015.
                                                 OMB Number: 1545–2109.                                                                                      being made to the revenue procedure at
                                                                                                       Christie Preston,                                     this time.
                                                 Regulation Project Number: Form
                                              13925 and TD 7941.                                       IRS Reports Clearance Officer.                          Type of Review: Extension of a
                                                 Abstract: Under IRC section 6166, an                  [FR Doc. 2015–18384 Filed 7–24–15; 8:45 am]           currently approved collection.
                                              estate may elect to pay the estate tax in                BILLING CODE 4830–01–P                                  Affected Public: Business or other for-
                                              installments over 14 years if certain                                                                          profit organizations, not-for-profit
                                              conditions are met. If the IRS                                                                                 institutions, and farms.
                                              determines that the government’s                         DEPARTMENT OF THE TREASURY                              Estimated Number of Respondents:
                                              interest in collecting estate tax is                                                                           6,000.
                                                                                                       Internal Revenue Service                                Estimated Average Time per
                                              sufficiently at risk, it may require the
                                              estate provide a bond. Alternatively, the                                                                      Respondent: 5 minutes.
                                                                                                       Proposed Collection; Comment                            Estimated Total Annual Burden
                                              executor may elect to provide a lien in                  Request for Revenue Procedure 99–50
                                              lieu of bond. Under section 6324A(c)                                                                           Hours: 500.
                                              and the regulations there under, to make                 AGENCY: Internal Revenue Service (IRS),                 The following paragraph applies to all
                                              this election the executor must submit                   Treasury.                                             of the collections of information covered
                                              a lien agreement to the IRS. Form 13925                  ACTION: Notice and request for                        by this notice:
                                              is a form lien agreement that executors                  comments.                                               An agency may not conduct or
                                              may use for this purpose.                                                                                      sponsor, and a person is not required to
                                                 Current Actions: There is no change to                SUMMARY:  The Department of the                       respond to, a collection of information
tkelley on DSK3SPTVN1PROD with NOTICES




                                              this existing regulation.                                Treasury, as part of its continuing effort            unless the collection of information
                                                 Type of Review: Extension of a                        to reduce paperwork and respondent                    displays a valid OMB control number.
                                              currently approved collection.                           burden, invites the general public and                Books or records relating to a collection
                                                 Affected Public: Individuals or                       other Federal agencies to take this                   of information must be retained as long
                                              households.                                              opportunity to comment on proposed                    as their contents may become material
                                                 Estimated Number of Respondents:                      and/or continuing information                         in the administration of any internal
                                              510.                                                     collections, as required by the                       revenue law. Generally, tax returns and


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                                              44426                           Federal Register / Vol. 80, No. 143 / Monday, July 27, 2015 / Notices

                                              tax return information are confidential,                 copies of the form and instructions                     Approved: July 15, 2015.
                                              as required by 26 U.S.C. 6103.                           should be directed to Sara Covington, at              Christie Preston,
                                                Request for Comments: Comments                         Internal Revenue Service, Room 6129,                  IRS Reports Clearance Officer.
                                              submitted in response to this notice will                1111 Constitution Avenue NW.,                         [FR Doc. 2015–18359 Filed 7–24–15; 8:45 am]
                                              be summarized and/or included in the                     Washington, DC 20224, or through the                  BILLING CODE 4830–01–P
                                              request for OMB approval. All                            internet, at Sara.L.Covington@irs.gov.
                                              comments will become a matter of                         SUPPLEMENTARY INFORMATION:
                                              public record.                                                                                                 DEPARTMENT OF THE TREASURY
                                                Comments are invited on: (a) Whether                      Title: Coverdell ESA Contribution
                                              the collection of information is                         Information.
                                                                                                                                                             Internal Revenue Service
                                              necessary for the proper performance of                     OMB Number: 1545–1815.
                                              the functions of the agency, including                      Form Number: 5498–ESA.                             Proposed Collection; Comment
                                              whether the information shall have                          Abstract: Form 5498–ESA is used by                 Request for Form 8906
                                              practical utility; (b) the accuracy of the               trustees or issuers of Coverdell
                                                                                                       Education Savings accounts to report                  AGENCY: Internal Revenue Service (IRS),
                                              agency’s estimate of the burden of the
                                              collection of information; (c) ways to                   contributions and rollovers to these                  Treasury.
                                              enhance the quality, utility, and clarity                accounts to beneficiaries.                            ACTION: Notice and request for
                                              of the information to be collected; (d)                     Current Actions: There are no changes              comments.
                                              ways to minimize the burden of the                       being made to the form at this time.                  SUMMARY:    The Department of the
                                              collection of information on                                Type of Review: Revision of a                      Treasury, as part of its continuing effort
                                              respondents, including through the use                   currently approved collection.                        to reduce paperwork and respondent
                                              of automated collection techniques or                       Affected Public: Business or other for-            burden, invites the general public and
                                              other forms of information technology;                   profit organization.                                  other Federal agencies to take this
                                              and (e) estimates of capital or start-up                    Estimated Number of Responses:                     opportunity to comment on proposed
                                              costs and costs of operation,                            386,600.                                              and/or continuing information
                                              maintenance, and purchase of services                       Estimated Time per Response: 7                     collections, as required by the
                                              to provide information.                                  minutes.                                              Paperwork Reduction Act of 1995,
                                                Approved: July 15, 2015.                                  Estimated Total Annual Burden                      Public Law 104–13 (44 U.S.C.
                                              Christie Preston,                                        Hours: 46,392.                                        3506(c)(2)(A)). Currently, the IRS is
                                              IRS Reports Clearance Officer.                              The following paragraph applies to all             soliciting comments concerning Form
                                              [FR Doc. 2015–18368 Filed 7–24–15; 8:45 am]              of the collections of information covered             8906, Distilled Spirits Credit.
                                              BILLING CODE 4830–01–P                                   by this notice:                                       DATES: Written comments should be
                                                                                                          An agency may not conduct or                       received on or before September 25,
                                                                                                       sponsor, and a person is not required to              2015 to be assured of consideration.
                                              DEPARTMENT OF THE TREASURY                               respond to, a collection of information               ADDRESSES: Direct all written comments
                                                                                                       unless the collection of information                  to Christie Preston, Internal Revenue
                                              Internal Revenue Service                                 displays a valid OMB control number.                  Service, Room 6129, 1111 Constitution
                                                                                                       Books or records relating to a collection             Avenue NW., Washington, DC 20224.
                                              Proposed Collection; Comment
                                                                                                       of information must be retained as long               FOR FURTHER INFORMATION CONTACT:
                                              Request for Form 5498–ESA
                                                                                                       as their contents may become material                 Requests for additional information or
                                              AGENCY: Internal Revenue Service (IRS),                  in the administration of any internal                 copies of the form and instructions
                                              Treasury.                                                revenue law. Generally, tax returns and               should be directed to Sara Covington, at
                                              ACTION: Notice and request for                           tax return information are confidential,              Internal Revenue Service, room 6129,
                                              comments.                                                as required by 26 U.S.C. 6103.                        1111 Constitution Avenue NW.,
                                                                                                          Request for Comments: Comments                     Washington, DC 20224, or through the
                                              SUMMARY:   The Department of the                         submitted in response to this notice will
                                              Treasury, as part of its continuing effort                                                                     Internet at Sara.L.Covington@irs.gov.
                                                                                                       be summarized and/or included in the                  SUPPLEMENTARY INFORMATION:
                                              to reduce paperwork and respondent                       request for OMB approval. All
                                              burden, invites the general public and                                                                           Title: Distilled Spirits Credit.
                                                                                                       comments will become a matter of                        OMB Number: 1545–1982.
                                              other Federal agencies to take this                      public record. Comments are invited on:
                                              opportunity to comment on proposed                                                                               Form Number: Form 8906.
                                                                                                       (a) Whether the collection of                           Abstract: Form 8906, Distilled Spirits
                                              and/or continuing information                            information is necessary for the proper
                                              collections, as required by the                                                                                Credit, was developed to carry out the
                                                                                                       performance of the functions of the                   provisions of IRC section 5011(a). This
                                              Paperwork Reduction Act of 1995, Pub.                    agency, including whether the
                                              L. 104–13 (44 U.S.C. 3506(c)(2)(A)).                                                                           section allows eligible wholesalers and
                                                                                                       information shall have practical utility;             persons subject to IRC section 5055 an
                                              Currently, the IRS is soliciting
                                                                                                       (b) the accuracy of the agency’s estimate             income tax credit for the average cost of
                                              comments concerning Form 5498–ESA,
                                                                                                       of the burden of the collection of                    carrying excise tax on bottled distilled
                                              Coverdell ESA Contribution
                                                                                                       information; (c) ways to enhance the                  spirits. The new form provides a means
                                              Information.
                                                                                                       quality, utility, and clarity of the                  for the eligible taxpayer to compute the
                                              DATES: Written comments should be                        information to be collected; (d) ways to              amount of credit.
                                              received on or before September 25,                      minimize the burden of the collection of                Current Actions: There is no change
                                              2015 to be assured of consideration.
tkelley on DSK3SPTVN1PROD with NOTICES




                                                                                                       information on respondents, including                 in the paperwork burden previously
                                              ADDRESSES: Direct all written comments                   through the use of automated collection               approved by OMB. This form is being
                                              to Christie Preston, Internal Revenue                    techniques or other forms of information              submitted for renewal purposes only.
                                              Service, Room 6129, 1111 Constitution                    technology; and (e) estimates of capital                Type of Review: Extension of a
                                              Avenue NW., Washington, DC 20224.                        or start-up costs and costs of operation,             currently approved collection.
                                              FOR FURTHER INFORMATION CONTACT:                         maintenance, and purchase of services                   Affected Public: Businesses and other
                                              Requests for additional information or                   to provide information.                               for-profit organizations, Farms.


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Document Created: 2018-02-23 09:26:35
Document Modified: 2018-02-23 09:26:35
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 25, 2015 to be assured of consideration.
ContactRequests for additional information or copies of revenue procedure should be directed to Allan Hopkins, at Internal Revenue Service, Room 6129, 1111 Constitution Avenue NW., Washington, DC 20224, or through the Internet, at [email protected]
FR Citation80 FR 44425 

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