80_FR_70512 80 FR 70293 - Proposed Collection; Comment Request for Revenue Procedure 2002-67

80 FR 70293 - Proposed Collection; Comment Request for Revenue Procedure 2002-67

DEPARTMENT OF THE TREASURY
Internal Revenue Service

Federal Register Volume 80, Issue 219 (November 13, 2015)

Page Range70293-70294
FR Document2015-28906

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 2002-67, Settlement of Section 351 Contingent Liability Tax Shelter Cases.

Federal Register, Volume 80 Issue 219 (Friday, November 13, 2015) 
[Federal Register Volume 80, Number 219 (Friday, November 13, 2015)]
[Notices]
[Pages 70293-70294]
From the Federal Register Online  [www.thefederalregister.org]
[FR Doc No: 2015-28906]


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DEPARTMENT OF THE TREASURY

Internal Revenue Service


Proposed Collection; Comment Request for Revenue Procedure 2002-
67

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 2002-67, Settlement of Section 351 Contingent 
Liability Tax Shelter Cases.

DATES: Written comments should be received on or before January 12, 
2016 to be assured of consideration.

ADDRESSES: Direct all written comments to Michael A. Joplin, 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 Sara Covington, at 
Internal Revenue Service, Room 6129, 1111 Constitution Avenue NW., 
Washington, DC 20224, or through the internet, at 
[email protected].

SUPPLEMENTARY INFORMATION: 

[[Page 70294]]

    Title: Settlement of Section 351 Contingent Liability Tax Shelter 
Cases.
    OMB Number: 1545-1801.
    Revenue Procedure Number: Revenue Procedure 2002-67.
    Abstract: Revenue Procedure 2002-67 prescribes procedures for 
taxpayers who elect to participate in a settlement initiative aimed at 
resolving tax shelter cases involving contingent liability transactions 
that are the same or similar to those described in Notice 2001-17 
(``contingent liability transaction''). There are two resolution 
methodologies: A fixed concession procedure and a fast track dispute 
resolution procedure that includes binding arbitration.
    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.
    Estimated Number of Respondents: 150.
    Estimated Average Time per Respondent: 50 hours.
    Estimated Total Annual Burden Hours: 7,500.
    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 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: November 3, 2015.
Michael A. Joplin,
IRS Supervisory Tax Analyst.
[FR Doc. 2015-28906 Filed 11-12-15; 8:45 am]
 BILLING CODE 4830-01-P

Federal Register / Vol. 80, No. 219 / Friday, November 13, 2015 / Notices 70293 was postponed due to the possibility of DEPARTMENT OF TRANSPORTATION days before the exemption becomes a Federal Government shutdown. effective). DATES: The rescheduled meeting will be Surface Transportation Board An original and 10 copies of all held on Tuesday, December 1, 2015, at pleadings, referring to Docket No. FD [Docket No. FD 35963] 9:00 a.m., E.S.T. 35963, must be filed with the Surface BNSF Railway Company—Temporary Transportation Board, 395 E Street SW., ADDRESSES: The meeting will be held in Trackage Rights Exemption—Union Washington, DC 20423–0001. In the Hearing Room on the first floor of Pacific Railroad Company addition, a copy of each pleading must the Board’s headquarters at 395 E Street be served on Karl Morell, Karl Morell & SW., Washington, DC 20423. Pursuant to a written temporary Associates, 655 15th St. NW., Suite 225, FOR FURTHER INFORMATION CONTACT: trackage rights agreement dated Washington, DC 20005. Michael Higgins (202) 245–0284; November 1, 2015, Union Pacific Board decisions and notices are Michael.Higgins@stb.dot.gov. Railroad Company (UP) has agreed to available on our Web site at [Assistance for the hearing impaired is grant restricted local temporary trackage ‘‘WWW.STB.DOT.GOV.’’ available through the Federal rights to BNSF Railway Company Decided: November 9, 2015. Information Relay Service (FIRS) at: (BNSF) as follows: (1) Between UP By the Board, Rachel D. Campbell, (800) 877–8339]. milepost 93.2 at Stockton, Cal., on UP’s Director, Office of Proceedings. SUPPLEMENTARY INFORMATION: RETAC Oakland Subdivision, and UP milepost was formed in 2007 to provide advice 219.4 at Elsey, Cal., on UP’s Canyon Brendetta S. Jones, and guidance to the Board, and to serve Subdivision, a distance of 126.2 miles; Clearance Clerk. as a forum for discussion of emerging and (2) between UP milepost 219.4 at [FR Doc. 2015–28825 Filed 11–12–15; 8:45 am] issues related to the transportation of Elsey and UP milepost 280.7 at Keddie, BILLING CODE 4915–01–P energy resources by rail, including coal, Cal., on UP’s Canyon Subdivision, a ethanol, and other biofuels, distance of 61.3 miles. Establishment of a Rail Energy The transaction is scheduled to be DEPARTMENT OF THE TREASURY Transportation Advisory Committee, consummated on or after November 29, Docket No. EP 670. The purpose of this 2015, the effective date of the exemption Internal Revenue Service meeting is to continue discussions (30 days after the exemption is filed). regarding issues such as rail The purpose of this transaction is to Proposed Collection; Comment performance, capacity constraints, permit BNSF to move empty and loaded Request for Revenue Procedure 2002– infrastructure planning and ballast trains to and from the ballast pit 67 development, and effective coordination at Elsey, which is adjacent to the UP rail line. The parties’ agreement provides AGENCY: Internal Revenue Service (IRS), among suppliers, carriers, and users of that the trackage rights are temporary in Treasury. energy resources. Agenda items for this meeting include introduction of new nature and are scheduled to expire on ACTION: Notice and request for members, a performance measures December 31, 2018. comments. review, industry segment updates by As a condition to this exemption, any SUMMARY: The Department of the RETAC members, a presentation on the employee affected by the trackage rights Treasury, as part of its continuing effort outlook for U.S. coal consumption, and will be protected by the conditions to reduce paperwork and respondent a roundtable discussion. imposed in Norfolk & Western burden, invites the general public and The meeting, which is open to the Railway—Trackage Rights—Burlington other Federal agencies to take this public, will be conducted in accordance Northern, Inc., 354 I.C.C. 605 (1978), as opportunity to comment on proposed with the Federal Advisory Committee modified in Mendocino Coast Railway— and/or continuing information Act, 5 U.S.C. app. 2; Federal Advisory Lease & Operate—California Western collections, as required by the Committee Management regulations, 41 Railroad, 360 I.C.C. 653 (1980). Paperwork Reduction Act of 1995, CFR part 102–3; RETAC’s charter; and This notice is filed under 49 CFR Public Law 104–13 (44 U.S.C. Board procedures. Further 1180.2(d)(7).1 If it contains false or 3506(c)(2)(A)). Currently, the IRS is communications about this meeting may misleading information, the exemption soliciting comments concerning be announced through the Board’s Web is void ab initio. Petitions to revoke the Revenue Procedure 2002–67, Settlement site at www.stb.dot.gov. exemption under 49 U.S.C. 10502(d) of Section 351 Contingent Liability Tax Written Comments: Members of the may be filed at any time. The filing of Shelter Cases. public may submit written comments to a petition to revoke will not automatically stay the effectiveness of DATES: Written comments should be RETAC at any time. Comments should received on or before January 12, 2016 be addressed to RETAC, c/o Michael the exemption. Stay petitions must be filed by November 20, 2015 (at least 7 to be assured of consideration. Higgins, Surface Transportation Board, ADDRESSES: Direct all written comments 395 E Street SW., Washington, DC 1 BNSF states that the verified notice is not filed to Michael A. Joplin, Internal Revenue 20423–0001 or Michael.Higgins@ under the Board’s class exemption for temporary Service, Room 6129, 1111 Constitution stb.dot.gov. trackage rights at 49 CFR 1180.2(d)(8), because the Avenue NW., Washington, DC 20224. Authority: 49 U.S.C. 721, 49 U.S.C. 11101; trackage rights are local rather than overhead. See R.R. Consolidation Procedures, 6 S.T.B. 910 (2003). FOR FURTHER INFORMATION CONTACT: 49 U.S.C. 11121. Instead, BNSF has filed under the trackage rights Requests for additional information or jstallworth on DSK7TPTVN1PROD with NOTICES Decided: November 9, 2015. class exemption at § 1180.2(d)(7) and concurrently copies of revenue procedure should be By the Board, Rachel D. Campbell, has filed, in BNSF Railway Company—Temporary Trackage Rights Exemption—Union Pacific directed to Sara Covington, at Internal Director, Office of Proceedings. Railroad Company, Docket No. FD 35676 (Sub-No. Revenue Service, Room 6129, 1111 Brendetta S. Jones, 1), a petition for partial revocation of this Constitution Avenue NW., Washington, Clearance Clerk. exemption to permit these proposed local trackage DC 20224, or through the internet, at rights to expire at midnight on December 31, 2018, [FR Doc. 2015–28823 Filed 11–12–15; 8:45 am] as provided in the parties’ agreement. The Board Sara.L.Covington@irs.gov. BILLING CODE 4915–01–P will address that petition in a separate decision. SUPPLEMENTARY INFORMATION: VerDate Sep<11>2014 15:03 Nov 12, 2015 Jkt 238001 PO 00000 Frm 00110 Fmt 4703 Sfmt 4703 E:\FR\FM\13NON1.SGM 13NON1

70294 Federal Register / Vol. 80, No. 219 / Friday, November 13, 2015 / Notices Title: Settlement of Section 351 Approved: November 3, 2015. amendment to the sentencing guidelines Contingent Liability Tax Shelter Cases. Michael A. Joplin, and commentary. The proposed OMB Number: 1545–1801. IRS Supervisory Tax Analyst. amendment and issues for comment Revenue Procedure Number: Revenue [FR Doc. 2015–28906 Filed 11–12–15; 8:45 am] published in the notice were as follows: Procedure 2002–67. BILLING CODE 4830–01–P A proposed amendment to revise the Abstract: Revenue Procedure 2002–67 ‘‘crime of violence’’ and ‘‘drug prescribes procedures for taxpayers who trafficking offense’’ definitions in the elect to participate in a settlement career offender guideline and the illegal initiative aimed at resolving tax shelter U.S.-CHINA ECONOMIC AND SECURITY REVIEW COMMISSION reentry guideline, including (A) A cases involving contingent liability proposed amendment to § 4B1.2 transactions that are the same or similar Notice of Open Public Hearing; (Definitions of Terms Used in Section to those described in Notice 2001–17 Correction 4B1.1) to delete the residual clause and (‘‘contingent liability transaction’’). revise the list of enumerated offenses in There are two resolution methodologies: AGENCY: U.S.-China Economic and the ‘‘crime of violence’’ definition, (B) a A fixed concession procedure and a fast Security Review Commission. proposed amendment to § 4B1.2 to track dispute resolution procedure that ACTION: Notice; correction. implement an additional requirement includes binding arbitration. related to the state felony classification Current Actions: There are no changes SUMMARY: The U.S.-China Commission in determining whether an offense being made to the revenue procedure at published a document in the Federal qualifies as a felony under § 4B1.2, and this time. Register on November 4, 2015, (C) corresponding changes to the ‘‘crime Type of Review: Extension of a concerning notice of the official public of violence’’ and ‘‘drug trafficking currently approved collection. release of the Commission’s 2015 offense’’ definitions in § 2L1.2 Affected Public: Business or other for- Annual Report to Congress on (Unlawfully Entering or Remaining in profit organizations and individuals. November 18, 2015. The meeting the United States) to bring them more Estimated Number of Respondents: location and time is now available. into parallel with the definitions at 150. FOR FURTHER INFORMATION CONTACT: Estimated Average Time per § 4B1.2, and related issues for comment. Anthony DeMarino, 202–624–1496. The Commission further requested Respondent: 50 hours. Estimated Total Annual Burden Correction comment regarding retroactive Hours: 7,500. application of the proposed amendment. In the Federal Register of November The following paragraph applies to all 4, 2015, in FR Doc. 2015–28055 on page The Commission is issuing this notice of the collections of information covered 68385, in the second column, correct to advise the public that the period for by this notice: the ‘‘Location, Date and Time’’ caption public comment has been extended to An agency may not conduct or to read: November 25, 2015. The deadline was sponsor, and a person is not required to Dates, Times, and Room Locations: initially November 12, 2015. respond to, a collection of information Wednesday, November 18, 2015 (9 a.m. DATES: Public comment regarding the unless the collection of information to 10 a.m. EST). Location: Dirksen proposed amendment and issues for displays a valid OMB control number. Senate Office Building Room 106. comment described in this notice Books or records relating to a collection Please check our Web site, should be received by the Commission of information must be retained as long www.uscc.gov, for possible changes to not later than November 25, 2015. as their contents may become material the public meeting and for information ADDRESSES: Public comment should be in the administration of any internal on the meeting location. sent to the Commission by electronic revenue law. Generally, tax returns and Dated: November 4, 2015. mail or regular mail. The email address tax return information are confidential, for public comment is Public_ Michael Danis, as required by 26 U.S.C. 6103. Comment@ussc.gov. The regular mail Request For Comments: Comments Executive Director, U.S.-China Economic and Security Review Commission. address for public comment is United submitted in response to this notice will States Sentencing Commission, One be summarized and/or included in the [FR Doc. 2015–28517 Filed 11–12–15; 8:45 am] Columbus Circle NE., Suite 2–500, request for OMB approval. All BILLING CODE 1137–00–P Washington, DC 20002–8002, Attention: comments will become a matter of Public Affairs. public record. Comments are invited on: (a) Whether the collection of UNITED STATES SENTENCING FOR FURTHER INFORMATION CONTACT: information is necessary for the proper COMMISSION Office of Legislative and Public Affairs, performance of the functions of the 202–502–4500, pubaffairs@ussc.gov. agency, including whether the Sentencing Guidelines for United SUPPLEMENTARY INFORMATION: The information shall have practical utility; States Courts United States Sentencing Commission is (b) the accuracy of the agency’s estimate AGENCY: United States Sentencing an independent agency in the judicial of the burden of the collection of Commission. branch of the United States information; (c) ways to enhance the ACTION: Notice of extension of deadline Government. The Commission quality, utility, and clarity of the for public comment regarding the promulgates sentencing guidelines and information to be collected; (d) ways to proposed amendment to the sentencing policy statements for federal courts minimize the burden of the collection of pursuant to 28 U.S.C. 994(a). The jstallworth on DSK7TPTVN1PROD with NOTICES guidelines and commentary published information on respondents, including on August 17, 2015 (80 FR 49314). Commission also periodically reviews through the use of automated collection and revises previously promulgated techniques or other forms of information SUMMARY: On August 17, 2015, the guidelines pursuant to 28 U.S.C. 994(o) technology; and (e) estimates of capital United States Sentencing Commission and submits guideline amendments to or start-up costs and costs of operation, published a notice in the Federal the Congress not later than the first day maintenance, and purchase of services Register (80 FR 49314) requesting of May each year pursuant to 28 U.S.C. to provide information. comment regarding a proposed 994(p). VerDate Sep<11>2014 15:03 Nov 12, 2015 Jkt 238001 PO 00000 Frm 00111 Fmt 4703 Sfmt 4703 E:\FR\FM\13NON1.SGM 13NON1


Document Created: 2018-03-01 11:22:47
Document Modified: 2018-03-01 11:22:47
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 January 12, 2016 to be assured of consideration.
ContactRequests for additional information or copies of revenue procedure should be directed to Sara Covington, at Internal Revenue Service, Room 6129, 1111 Constitution Avenue NW., Washington, DC 20224, or through the internet, at [email protected]
FR Citation80 FR 70293 
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