80 FR 44431 - Proposed Collection; Comment Request for Revenue Procedure 2003-33

DEPARTMENT OF THE TREASURY
Internal Revenue Service

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

Page Range		44431-44431
FR Document		2015-18371

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 2003-33, Section 9100 Relief for 338 Elections.

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

[Federal Register Volume 80, Number 143 (Monday, July 27, 2015)]
[Notices]
[Page 44431]
From the Federal Register Online  [www.thefederalregister.org]
[FR Doc No: 2015-18371]


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DEPARTMENT OF THE TREASURY

Internal Revenue Service


Proposed Collection; Comment Request for Revenue Procedure 2003-
33

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 
Revenue Procedure 2003-33, Section 9100 Relief for 338 Elections.

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 the regulations should be directed to Allan Hopkins, Room 
6129, 1111 Constitution Avenue NW., Washington, DC 20224, or through 
the Internet at [email protected].

SUPPLEMENTARY INFORMATION:
    Title: Section 9100 Relief for 338 Elections.
    OMB Number: 1545-1820.
    Revenue Procedure Number: Revenue Procedure 2003-33.
    Abstract: Revenue Procedure 2003-33 provides qualifying taxpayers 
with an extension of time pursuant to Sec.  301.9100-3 of the Procedure 
and Administration Regulations to file an election described in Sec.  
338(a) or Sec.  338(h)(10) of the Internal Revenue Code to treat the 
purchase of the stock of a corporation as an asset acquisition.
    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, and 
individuals or households.
    Estimated Number of Respondents: 60.
    Estimated Average Time per Respondent: 5 hours.
    Estimated Total Annual Reporting Burden: 300.
    The following paragraph applies to all 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 15, 2015.
Christie Preston,
IRS Reports Clearance Officer.
[FR Doc. 2015-18371 Filed 7-24-15; 8:45 am]
BILLING CODE 4830-01-P

Federal Register / Vol. 80, No. 143 / Monday, July 27, 2015 / Notices 44431

Title: Section 6038—Returns Required of the burden of the collection of extension of time pursuant to
with Respect to Controlled Foreign information; (c) ways to enhance the § 301.9100–3 of the Procedure and
Partnerships, and Information Reporting quality, utility, and clarity of the Administration Regulations to file an
with Respect to Certain Foreign information to be collected; (d) ways to election described in § 338(a) or
Partnerships and Certain Foreign minimize the burden of the collection of § 338(h)(10) of the Internal Revenue
Corporations. information on respondents, including Code to treat the purchase of the stock
OMB Number: 1545–1617. through the use of automated collection of a corporation as an asset acquisition.
Regulation Project Number: REG– techniques or other forms of information Current Actions: There are no changes
124069–02, REG–118966–97. technology; and (e) estimates of capital being made to the revenue procedure at
Abstract: REG–124069–02: Treasury or start-up costs and costs of operation, this time.
Regulation § 1.6038–3 requires certain maintenance, and purchase of services
United States person who own interests to provide information. Type of Review: Extension of a
in controlled foreign partnerships to currently approved collection.
Approved: July 14, 2015.
annually report information to the IRS Affected Public: Business or other for-
on Form 8865. This regulation amends Christie Preston,
profit organizations, and individuals or
the reporting rules under Treasury IRS Supervisory Tax Analyst. households.
Regulation section § 1.6038–e to provide [FR Doc. 2015–18363 Filed 7–24–15; 8:45 am]
Estimated Number of Respondents:
that a U.S. person must follow the filing BILLING CODE 4830–01–P
60.
requirements that are specified in the
instructions for Form 8865 when the Estimated Average Time per
U.S. person must file Form 8865 and the DEPARTMENT OF THE TREASURY Respondent: 5 hours.
foreign partnership completes and files Estimated Total Annual Reporting
Form 1065 or Form 1065–B. REG– Internal Revenue Service Burden: 300.
118966–97: Section 6038 requires Proposed Collection; Comment The following paragraph applies to all
certain U.S. persons who own interest Request for Revenue Procedure 2003– the collections of information covered
in controlled foreign partnerships or 33 by this notice:
certain foreign corporations to annually
An agency may not conduct or
report information to the IRS. This AGENCY: Internal Revenue Service (IRS),
sponsor, and a person is not required to
regulation provides reporting rules to Treasury.
respond to, a collection of information
identify foreign partnerships and foreign ACTION: Notice and request for unless the collection of information
corporations which are controlled by comments. displays a valid OMB control number.
U.S. persons.
SUMMARY: The Department of the Books or records relating to a collection
Current Actions: There are no changes
Treasury, as part of its continuing effort of information must be retained as long
to these existing regulations.
Type of Review: Extension of a to reduce paperwork and respondent as their contents may become material
currently approved collection. burden, invites the general public and in the administration of any internal
Affected Public: Businesses or other other Federal agencies to take this revenue law. Generally, tax returns and
for-profit institutions and individuals or opportunity to comment on proposed tax return information are confidential,
households. and/or continuing information as required by 26 U.S.C. 6103.
Estimated Number of Respondents: collections, as required by the Request for Comments: Comments
600. Paperwork Reduction Act of 1995, submitted in response to this notice will
Estimated Total Burden Hours: 500. Public Law 104–13 (44 U.S.C. be summarized and/or included in the
The following paragraph applies to all 3506(c)(2)(A)). Currently, the IRS is request for OMB approval. All
of the collections of information covered soliciting comments concerning comments will become a matter of
by this notice: Revenue Procedure 2003–33, Section public record. Comments are invited on:
An agency may not conduct or 9100 Relief for 338 Elections. (a) Whether the collection of
sponsor, and a person is not required to information is necessary for the proper
DATES: Written comments should be
respond to, a collection of information performance of the functions of the
received on or before September 25,
unless the collection of information agency, including whether the
2015 to be assured of consideration.
displays a valid OMB control number. information shall have practical utility;
Books or records relating to a collection ADDRESSES: Direct all written comments
to Christie Preston, Internal Revenue (b) the accuracy of the agency’s estimate
of information must be retained as long of the burden of the collection of
as their contents may become material Service, Room 6129, 1111 Constitution
Avenue NW., Washington, DC 20224. information; (c) ways to enhance the
in the administration of any internal quality, utility, and clarity of the
revenue law. Generally, tax returns and FOR FURTHER INFORMATION CONTACT:
information to be collected; (d) ways to
tax return information are confidential, Requests for additional information or minimize the burden of the collection of
as required by 26 U.S.C. 6103. copies of the regulations should be information on respondents, including
Request for Comments: Comments directed to Allan Hopkins, Room 6129, through the use of automated collection
submitted in response to this notice will 1111 Constitution Avenue NW., techniques or other forms of information
be summarized and/or included in the Washington, DC 20224, or through the technology; and (e) estimates of capital
request for OMB approval. All Internet at Allan.M.Hopkins@irs.gov. or start-up costs and costs of operation,
comments will become a matter of SUPPLEMENTARY INFORMATION: maintenance, and purchase of services
tkelley on DSK3SPTVN1PROD with NOTICES

public record. Comments are invited on: Title: Section 9100 Relief for 338 to provide information.
(a) Whether the collection of Elections.
information is necessary for the proper Approved: July 15, 2015.
OMB Number: 1545–1820.
performance of the functions of the Revenue Procedure Number: Revenue Christie Preston,
agency, including whether the Procedure 2003–33. IRS Reports Clearance Officer.
information shall have practical utility; Abstract: Revenue Procedure 2003–33 [FR Doc. 2015–18371 Filed 7–24–15; 8:45 am]
(b) the accuracy of the agency’s estimate provides qualifying taxpayers with an BILLING CODE 4830–01–P

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Document Created: 2018-02-23 09:27:08
Document Modified: 2018-02-23 09:27:08

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 25, 2015 to be assured of consideration.
Contact		Requests for additional information or copies of the regulations should be directed to Allan Hopkins, Room 6129, 1111 Constitution Avenue NW., Washington, DC 20224, or through the Internet at [email protected]
FR Citation		80 FR 44431

80 FR 44431 - Proposed Collection; Comment Request for Revenue Procedure 2003-33

DEPARTMENT OF THE TREASURYInternal Revenue Service

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

DEPARTMENT OF THE TREASURY
Internal Revenue Service