80 FR 45017 - Proposed Collection: Comment Request for Regulation Project

DEPARTMENT OF THE TREASURY
Internal Revenue Service

Federal Register Volume 80, Issue 144 (July 28, 2015)

Page Range		45017-45017
FR Document		2015-18514

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 regarding excise tax relating to structured settlement factoring transactions.

Federal Register, Volume 80 Issue 144 (Tuesday, July 28, 2015)

[Federal Register Volume 80, Number 144 (Tuesday, July 28, 2015)]
[Notices]
[Page 45017]
From the Federal Register Online  [www.thefederalregister.org]
[FR Doc No: 2015-18514]


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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 regarding 
excise tax relating to structured settlement factoring transactions.

DATES: Written comments should be received on or before September 28, 
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 regulation should be directed to Kerry Dennis, at 
Internal Revenue Service, Room 6129, 1111 Constitution Avenue NW., 
Washington, DC 20224, or through the Internet, at [email protected].

SUPPLEMENTARY INFORMATION:
    Title: Excise Tax Relating to Structured Settlement Factoring 
Transactions.
    OMB Number: 1545-1824.
    Regulation Project Number: REG-139768-02.
    Abstract: The regulations provide rules relating to the manner and 
method of reporting and paying the 40 percent excise tax imposed by 
section 5891 of the Internal Revenue Code with respect to acquiring of 
structured payment rights.
    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, 
individuals or households.
    Estimated Number of Respondents: 4.
    Estimated Time per Respondent: 30 min.
    Estimated Total Annual Burden Hours: 2.
    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 14, 2015.
Christie Preston,
IRS Reports Clearance Officer.
[FR Doc. 2015-18514 Filed 7-27-15; 8:45 am]
 BILLING CODE 4830-01-P

Federal Register / Vol. 80, No. 144 / Tuesday, July 28, 2015 / Notices 45017

displays a valid OMB control number. ADDRESSES: Direct all written comments through the use of automated collection
Books or records relating to a collection to Christie Preston, Internal Revenue techniques or other forms of information
of information must be retained as long Service, Room 6129, 1111 Constitution technology; and (e) estimates of capital
as their contents may become material Avenue NW., Washington, DC 20224. or start-up costs and costs of operation,
in the administration of any internal FOR FURTHER INFORMATION CONTACT: maintenance, and purchase of services
revenue law. Generally, tax returns and Requests for additional information or to provide information.
tax return information are confidential, copies of the regulation should be Approved: July 14, 2015.
as required by 26 U.S.C. 6103. directed to Kerry Dennis, at Internal Christie Preston,
Request for Comments: Comments Revenue Service, Room 6129, 1111 IRS Reports Clearance Officer.
submitted in response to this notice will Constitution Avenue NW., Washington, [FR Doc. 2015–18514 Filed 7–27–15; 8:45 am]
be summarized and/or included in the DC 20224, or through the Internet, at
BILLING CODE 4830–01–P
request for OMB approval. All Kerry.Dennis@irs.gov.
comments will become a matter of SUPPLEMENTARY INFORMATION:
public record. Comments are invited on: Title: Excise Tax Relating to DEPARTMENT OF THE TREASURY
(a) Whether the collection of Structured Settlement Factoring
information is necessary for the proper Transactions. Internal Revenue Service
performance of the functions of the OMB Number: 1545–1824.
agency, including whether the Regulation Project Number: REG– Proposed Collection; Comment
information shall have practical utility; 139768–02. Request for Form 8832
(b) the accuracy of the agency’s estimate Abstract: The regulations provide
of the burden of the collection of AGENCY: Internal Revenue Service (IRS),
rules relating to the manner and method Treasury.
information; (c) ways to enhance the of reporting and paying the 40 percent
quality, utility, and clarity of the ACTION: Notice and request for
excise tax imposed by section 5891 of
information to be collected; (d) ways to the Internal Revenue Code with respect comments.
minimize the burden of the collection of to acquiring of structured payment SUMMARY: The Department of the
information on respondents, including rights. Treasury, as part of its continuing effort
through the use of automated collection Current Actions: There is no change to to reduce paperwork and respondent
techniques or other forms of information this existing regulation. burden, invites the general public and
technology; and (e) estimates of capital Type of Review: Extension of a other Federal agencies to take this
or start-up costs and costs of operation, currently approved collection. opportunity to comment on proposed
maintenance, and purchase of services Affected Public: Business or other for- and/or continuing information
to provide information. profit organizations, individuals or collections, as required by the
Approved: July 9, 2015. households. Paperwork Reduction Act of 1995,
Christie A. Preston, Estimated Number of Respondents: 4. Public Law 104–13 (44 U.S.C.
IRS Reports Clearance Officer. Estimated Time per Respondent: 30 3506(c)(2)(A)). Currently, the IRS is
[FR Doc. 2015–18512 Filed 7–27–15; 8:45 am]
min. soliciting comments concerning Form
Estimated Total Annual Burden 8832, Entity Classification Election.
BILLING CODE 4830–01–P
Hours: 2.
DATES: Written comments should be
An agency may not conduct or
sponsor, and a person is not required to received on or before September 28,
DEPARTMENT OF THE TREASURY 2015 to be assured of consideration.
respond to, a collection of information
unless the collection of information ADDRESSES: Direct all written comments
Internal Revenue Service
displays a valid OMB control number. to Christie Preston, Internal Revenue
Proposed Collection: Comment Books or records relating to a collection Service, Room 6129, 1111 Constitution
Request for Regulation Project of information must be retained as long Avenue NW., Washington, DC 20224.
as their contents may become material FOR FURTHER INFORMATION CONTACT:
AGENCY: Internal Revenue Service (IRS), in the administration of any internal Requests for additional information or
Treasury. revenue law. Generally, tax returns and copies of the form and instructions
ACTION: Notice and request for tax return information are confidential, should be directed to Kerry Dennis, at
comments. as required by 26 U.S.C. 6103. Internal Revenue Service, Room 6129,
Request for Comments: Comments 1111 Constitution Avenue NW.,
SUMMARY: The Department of the submitted in response to this notice will Washington, DC 20224, or through the
Treasury, as part of its continuing effort be summarized and/or included in the Internet at Kerry.Dennis@irs.gov.
to reduce paperwork and respondent request for OMB approval. All SUPPLEMENTARY INFORMATION:
burden, invites the general public and comments will become a matter of Title: Entity Classification Election.
other Federal agencies to take this public record. Comments are invited on: OMB Number: 1545–1516.
opportunity to comment on proposed (a) Whether the collection of Form Number: Form 8832.
and/or continuing information information is necessary for the proper Abstract: An eligible entity that
collections, as required by the performance of the functions of the chooses not to be classified under the
Paperwork Reduction Act of 1995, agency, including whether the default rules or that wishes to change its
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Public Law 104–13 (44 U.S.C. information shall have practical utility; current classification must file Form
3506(c)(2)(A)). Currently, the IRS is (b) the accuracy of the agency’s estimate 8832 to elect a classification.
soliciting comments regarding excise tax of the burden of the collection of Current Actions: There are no changes
relating to structured settlement information; (c) ways to enhance the being made to the form at this time.
factoring transactions. quality, utility, and clarity of the Type of Review: Extension of a
DATES: Written comments should be information to be collected; (d) ways to currently approved collection.
received on or before September 28, minimize the burden of the collection of Affected Public: Businesses and other
2015 to be assured of consideration. information on respondents, including for-profit organizations, Farms.

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Document Created: 2018-02-23 09:28:54
Document Modified: 2018-02-23 09:28:54

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 28, 2015 to be assured of consideration.
Contact		Requests for additional information or copies of the regulation should be directed to Kerry Dennis, at Internal Revenue Service, Room 6129, 1111 Constitution Avenue NW., Washington, DC 20224, or through the Internet, at [email protected]
FR Citation		80 FR 45017

80 FR 45017 - Proposed Collection: Comment Request for Regulation Project

DEPARTMENT OF THE TREASURYInternal Revenue Service

Federal Register Volume 80, Issue 144 (July 28, 2015)

DEPARTMENT OF THE TREASURY
Internal Revenue Service