80_FR_66828 80 FR 66619 - Proposed Collection; Comment Request for Form 1066 and Schedule Q (Form 1066)

80 FR 66619 - Proposed Collection; Comment Request for Form 1066 and Schedule Q (Form 1066)

DEPARTMENT OF THE TREASURY
Internal Revenue Service

Federal Register Volume 80, Issue 209 (October 29, 2015)

Page Range66619-66620
FR Document2015-27497

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 1066, U.S. Real Estate Mortgage Investment Conduit (REMIC) Income Tax Return and Schedule Q (Form 1066), Quarterly Notice to Residual Interest Holder of REMIC Taxable Income or Net Loss Allocation.

Federal Register, Volume 80 Issue 209 (Thursday, October 29, 2015) 
[Federal Register Volume 80, Number 209 (Thursday, October 29, 2015)]
[Notices]
[Pages 66619-66620]
From the Federal Register Online  [www.thefederalregister.org]
[FR Doc No: 2015-27497]


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DEPARTMENT OF THE TREASURY

Internal Revenue Service


Proposed Collection; Comment Request for Form 1066 and Schedule Q 
(Form 1066)

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 
Form 1066, U.S. Real Estate Mortgage Investment Conduit (REMIC) Income 
Tax Return and Schedule Q (Form 1066), Quarterly Notice to Residual 
Interest Holder of REMIC Taxable Income or Net Loss Allocation.

DATES: Written comments should be received on or before December 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 form and instructions should be directed to LaNita Van 
Dyke, Internal Revenue Service, Room 6517, 1111 Constitution Avenue 
NW., Washington, DC 20224, or through the internet at 
[email protected].

SUPPLEMENTARY INFORMATION: 
    Title: Form 1066, U.S. Real Estate Mortgage Investment Conduit 
(REMIC) Income Tax Return and Schedule Q (Form 1066), Quarterly Notice 
to Residual Interest Holder of REMIC Taxable Income or Net Loss 
Allocation.
    OMB Number: 1545-1014.
    Form Number: Form 1066 and Schedule Q (Form 1066).
    Abstract: Form 1066 and Schedule Q (Form 1066) are used by a real 
estate mortgage investment conduit (REMIC) to figure its tax liability 
and income and other tax-related information to pass through to its 
residual holders. IRS uses the information to determine the correct tax 
liability of the REMIC and its residual holders.
    Current Actions: There are no changes being made to the forms at 
this time.
    Type of Review: Extension of a currently approved collection.
    Affected Public: Business or other for-profit organizations.
    Estimated Number of Respondents: 4,917.
    Estimated Time per Respondent: 64 hours, 16 minutes.
    Estimated Total Annual Burden Hours: 758,989.
    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

[[Page 66620]]

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: October 22, 2015.
Michael Joplin,
IRS Reports Clearance Officer.
[FR Doc. 2015-27497 Filed 10-28-15; 8:45 am]
 BILLING CODE 4830-01-P

Federal Register / Vol. 80, No. 209 / Thursday, October 29, 2015 / Notices 66619 through the use of automated collection Current Actions: There is no change SUMMARY: The Department of the techniques or other forms of information in the paperwork burden previously Treasury, as part of its continuing effort technology; and (e) estimates of capital approved by OMB. to reduce paperwork and respondent or start-up costs and costs of operation, Type of Review: Extension of a burden, invites the general public and maintenance, and purchase of services currently approved collection. other Federal agencies to take this to provide information. Affected Public: Businesses and other opportunity to comment on proposed for-profit organizations, Individuals or and/or continuing information Approved: October 22, 2015. Households. collections, as required by the Michael Joplin, Estimated Number of Respondents: Paperwork Reduction Act of 1995, IRS Reports Clearance Officer. 22,000. Public Law 104–13 (44 U.S.C. [FR Doc. 2015–27496 Filed 10–28–15; 8:45 am] Estimated Time per Respondent: 12 3506(c)(2)(A)). Currently, the IRS is BILLING CODE 4830–01–P hrs., 41 min. soliciting comments concerning Form Estimated Total Annual Burden 1066, U.S. Real Estate Mortgage Hours: 278,960. Investment Conduit (REMIC) Income DEPARTMENT OF THE TREASURY An agency may not conduct or Tax Return and Schedule Q (Form sponsor, and a person is not required to 1066), Quarterly Notice to Residual Internal Revenue Service respond to, a collection of information Interest Holder of REMIC Taxable unless the collection of information Income or Net Loss Allocation. Proposed Collection; Comment displays a valid OMB control number. Request for Information Collection DATES: Written comments should be Books or records relating to a collection Tools of information must be retained as long received on or before December 28, 2015 as their contents may become material to be assured of consideration. AGENCY: Internal Revenue Service (IRS), ADDRESSES: Direct all written comments in the administration of any internal Treasury. to Christie Preston, Internal Revenue revenue law. Generally, tax returns and ACTION: Notice and request for tax return information are confidential, Service, Room 6129, 1111 Constitution comments. as required by 26 U.S.C. 6103. Avenue NW., Washington, DC 20224. Request for Comments: Comments FOR FURTHER INFORMATION CONTACT: SUMMARY: The Department of the submitted in response to this notice will Requests for additional information or Treasury, as part of its continuing effort be summarized and/or included in the copies of the form and instructions to reduce paperwork and respondent request for OMB approval. All should be directed to LaNita Van Dyke, burden, invites the general public and comments will become a matter of Internal Revenue Service, Room 6517, other Federal agencies to take this public record. Comments are invited on: 1111 Constitution Avenue NW., opportunity to comment on proposed (a) Whether the collection of Washington, DC 20224, or through the and/or continuing information information is necessary for the proper internet at Lanita.VanDyke@irs.gov. collections, as required by the performance of the functions of the SUPPLEMENTARY INFORMATION: Paperwork Reduction Act of 1995, agency, including whether the Title: Form 1066, U.S. Real Estate Public Law 104–13(44 U.S.C. information shall have practical utility; Mortgage Investment Conduit (REMIC) 3506(c)(2)(A)). Currently, the IRS is (b) the accuracy of the agency’s estimate Income Tax Return and Schedule Q soliciting comments concerning; Profit of the burden of the collection of (Form 1066), Quarterly Notice to or Loss From Business; Form 8907. information; (c) ways to enhance the Residual Interest Holder of REMIC DATES: Written comments should be quality, utility, and clarity of the Taxable Income or Net Loss Allocation. received on or before December 28, 2015 information to be collected; (d) ways to OMB Number: 1545–1014. to be assured of consideration. minimize the burden of the collection of Form Number: Form 1066 and information on respondents, including Schedule Q (Form 1066). ADDRESSES: Direct all written comments through the use of automated collection Abstract: Form 1066 and Schedule Q to Christie Preston, Internal Revenue (Form 1066) are used by a real estate Service, Room 6129, 1111 Constitution techniques or other forms of information technology; and (e) estimates of capital mortgage investment conduit (REMIC) Avenue NW., Washington, DC 20224. to figure its tax liability and income and or start-up costs and costs of operation, FOR FURTHER INFORMATION CONTACT: maintenance, and purchase of services other tax-related information to pass Requests for additional information or to provide information. through to its residual holders. IRS uses copies of the form and instructions the information to determine the correct should be directed to LaNita Van Dyke, Approved: October 22, 2015. tax liability of the REMIC and its Internal Revenue Service, Room 6129, Michael Joplin, residual holders. 1111 Constitution Avenue NW., IRS Reports Clearance Officer. Current Actions: There are no changes Washington, DC 20224, or through the [FR Doc. 2015–27493 Filed 10–28–15; 8:45 am] being made to the forms at this time. internet at Lanita.VanDyke@irs.gov. BILLING CODE 4830–01–P Type of Review: Extension of a SUPPLEMENTARY INFORMATION: Currently, currently approved collection. the IRS is seeking comments concerning Affected Public: Business or other for- DEPARTMENT OF THE TREASURY profit organizations. the following information collection Estimated Number of Respondents: tools, reporting, and record-keeping Internal Revenue Service 4,917. requirements: asabaliauskas on DSK5VPTVN1PROD with NOTICES Estimated Time per Respondent: 64 Title: Nonconventional Source Fuel Proposed Collection; Comment hours, 16 minutes. Credit Form 8907 Request for Form 1066 and Schedule Estimated Total Annual Burden Form Number: Form 8907. Q (Form 1066) Hours: 758,989. Abstract: Form 8907 will be used to AGENCY: Internal Revenue Service (IRS), The following paragraph applies to all determine the amount of credit that can Treasury. of the collections of information covered be claimed for the production and sale by this notice: ACTION: Notice and request for of qualified nonconventional source An agency may not conduct or comments. fuel. sponsor, and a person is not required to VerDate Sep<11>2014 23:37 Oct 28, 2015 Jkt 238001 PO 00000 Frm 00132 Fmt 4703 Sfmt 4703 E:\FR\FM\29OCN1.SGM 29OCN1

66620 Federal Register / Vol. 80, No. 209 / Thursday, October 29, 2015 / Notices respond to, a collection of information DATES: Written comments should be agency, including whether the unless the collection of information received on or before December 28, 2015 information shall have practical utility; displays a valid OMB control number. to be assured of consideration. (b) the accuracy of the agency’s estimate Books or records relating to a ADDRESSES: Direct all written comments of the burden of the collection of collection of information must be to Michael A. Joplin, Internal Revenue information; (c) ways to enhance the retained as long as their contents may Service, Room 6129, 1111 Constitution quality, utility, and clarity of the become material in the administration Avenue NW., Washington, DC 20224. information to be collected; (d) ways to of any internal revenue law. Generally, FOR FURTHER INFORMATION CONTACT: minimize the burden of the collection of tax returns and tax return information Requests for additional information or information on respondents, including are confidential, as required by 26 copies of the form and instructions through the use of automated collection U.S.C. 6103. should be directed to Martha R. Brinson, techniques or other forms of information Request for Comments: Comments Internal Revenue Service, Room 6129, technology; and (e) estimates of capital submitted in response to this notice will 1111 Constitution Avenue NW., or start-up costs and costs of operation, be summarized and/or included in the Washington, DC 20224, or through the maintenance, and purchase of services request for OMB approval. All Internet at Martha.R.Brinson@irs.gov. to provide information. comments will become a matter of SUPPLEMENTARY INFORMATION: Approved: October 19, 2015. public record. Comments are invited on: Title: Reducing Tax Burden on Michael A. Joplin, (a) Whether the collection of America’s Taxpayers. IRS Reports Clearance Officer. information is necessary for the proper OMB Number: 1545–2009. [FR Doc. 2015–27490 Filed 10–28–15; 8:45 am] performance of the functions of the Form Number: 13285–A. BILLING CODE 4830–01–P agency, including whether the Abstract: The IRS Office of Taxpayer information shall have practical utility; Burden Reduction (TBR) needs the (b) the accuracy of the agency’s estimate taxpaying public’s help to identify DEPARTMENT OF THE TREASURY of the burden of the collection of meaningful taxpayer burden reduction information; (c) ways to enhance the opportunities that impact a large Internal Revenue Service quality, utility, and clarity of the number of taxpayers. This form should information to be collected; (d) ways to be used to refer ideas for reducing Proposed Collection; Comment minimize the burden of the collection of taxpayer burden to the TBR for Request for Form 706–CE information on respondents, including consideration and implementation. AGENCY: Internal Revenue Service (IRS), through the use of automated collection Current Actions: There are no changes Treasury. techniques or other forms of information being made to the form at this time. technology; and (e) estimates of capital ACTION: Notice and request for Type of Review: Extension of a or start-up costs and costs of operation, comments. currently approved collection. maintenance, and purchase of services Affected Public: Individuals or SUMMARY: The Department of the to provide information. households, Business or other for-profit Treasury, as part of its continuing effort Approved: October 22, 2015. organizations, non-profit institutions, to reduce paperwork and respondent Michael Joplin, farms, Federal Government, State, local burden, invites the general public and IRS Reports Clearance Officer. or tribal governments. other Federal agencies to take this Estimated Number of Respondents: opportunity to comment on proposed [FR Doc. 2015–27497 Filed 10–28–15; 8:45 am] 250. and/or continuing information BILLING CODE 4830–01–P Estimated Time per Response: 15 collections, as required by the minutes. Paperwork Reduction Act of 1995, Estimated Total Annual Burden Public Law 104–13 (44 U.S.C. DEPARTMENT OF THE TREASURY Hours: 62. 3506(c)(2)(A)). Currently, the IRS is Internal Revenue Service The following paragraph applies to all soliciting comments concerning Form of the collections of information covered 706–CE, Certificate of Payment of Proposed Collection; Comment by this notice: Foreign Death Tax. Request for Form 13285–A An agency may not conduct or DATES: Written comments should be sponsor, and a person is not required to AGENCY: Internal Revenue Service (IRS), received on or before December 28, 2015 respond to, a collection of information Treasury. to be assured of consideration. unless the collection of information displays a valid OMB control number. ADDRESSES: Direct all written comments ACTION: Notice and request for Books or records relating to a collection to Christie Preston, Internal Revenue comments. of information must be retained as long Service, room 6129, 1111 Constitution SUMMARY: The Department of the as their contents may become material Avenue NW., Washington, DC 20224. Treasury, as part of its continuing effort in the administration of any internal FOR FURTHER INFORMATION CONTACT: to reduce paperwork and respondent revenue law. Generally, tax returns and Requests for additional information or burden, invites the general public and tax return information are confidential, copies of the form and instructions other Federal agencies to take this as required by 26 U.S.C. 6103. should be directed to LaNita Van Dyke, opportunity to comment on proposed Request for Comments: Comments Internal Revenue Service, Room 6517, asabaliauskas on DSK5VPTVN1PROD with NOTICES and/or continuing information submitted in response to this notice will 1111 Constitution Avenue NW., collections, as required by the be summarized and/or included in the Washington, DC 20224, or through the Paperwork Reduction Act of 1995, request for OMB approval. All internet at Lanita.VanDyke@irs.gov. Public Law 104–13 (44 U.S.C. comments will become a matter of SUPPLEMENTARY INFORMATION: 3506(c)(2)(A)). Currently, the IRS is public record. Comments are invited on: Title: Certificate of Payment of soliciting comments concerning Form (a) Whether the collection of Foreign Death Tax. 13285–A, Reducing Tax Burden on information is necessary for the proper OMB Number: 1545–0260. America’s Taxpayers. performance of the functions of the Form Number: 706–CE. VerDate Sep<11>2014 23:37 Oct 28, 2015 Jkt 238001 PO 00000 Frm 00133 Fmt 4703 Sfmt 4703 E:\FR\FM\29OCN1.SGM 29OCN1


Document Created: 2015-12-14 15:21:55
Document Modified: 2015-12-14 15:21:55
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 December 28, 2015 to be assured of consideration.
ContactRequests for additional information or copies of the form and instructions should be directed to LaNita Van Dyke, Internal Revenue Service, Room 6517, 1111 Constitution Avenue NW., Washington, DC 20224, or through the internet at [email protected]
FR Citation80 FR 66619 
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