80_FR_72140 80 FR 71919 - Proposed Collection; Comment Request for Form 4255

80 FR 71919 - Proposed Collection; Comment Request for Form 4255

DEPARTMENT OF THE TREASURY
Internal Revenue Service

Federal Register Volume 80, Issue 221 (November 17, 2015)

Page Range71919-71920
FR Document2015-29328

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 4255, Recapture of Investment Credit.

Federal Register, Volume 80 Issue 221 (Tuesday, November 17, 2015) 
[Federal Register Volume 80, Number 221 (Tuesday, November 17, 2015)]
[Notices]
[Pages 71919-71920]
From the Federal Register Online  [www.thefederalregister.org]
[FR Doc No: 2015-29328]


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DEPARTMENT OF THE TREASURY

Internal Revenue Service


Proposed Collection; Comment Request for Form 4255

AGENCY: Internal Revenue Service (IRS), Treasury.

ACTION: Notice and request for comments.

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[[Page 71920]]

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 4255, Recapture of Investment Credit.

DATES: Written comments should be received on or before January 19, 
2016 to be assured of consideration.

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

SUPPLEMENTARY INFORMATION:
    Title: Recapture of Investment Credit.
    OMB Number: 1545-0166.
    Form Number: 4255.
    Abstract: Internal Revenue Code section 50(a) requires that a 
taxpayer's income tax be increased by the investment credit recapture 
tax if the taxpayer disposes of investment credit property before the 
close of the recapture period used in figuring the original investment 
credit. Form 4255 provides for the computation of the recapture tax.
    Current Actions: There are no changes being made to the form at 
this time.
    Type of Review: Extension of a currently approved collection.
    Affected Public: Business or other for-profit organizations, 
individuals, and farms.
    Estimated Number of Respondents: 13,200.
    Estimated Time per Respondent: 9 hrs. 49 min.
    Estimated Total Annual Burden Hours: 129,492.
    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.

    Dated: November 6, 2015.
Michael A. Joplin,
IRS Supervisory Tax Analyst.
[FR Doc. 2015-29328 Filed 11-16-15; 8:45 am]
 BILLING CODE 4830-01-P

Federal Register / Vol. 80, No. 221 / Tuesday, November 17, 2015 / Notices 71919 Administration, the Secretary of therefore meets the statutory criteria for Type of Review: Extension of a Defense, the Secretary of State, and the designation as an SDNT pursuant to section currently approved collection. Secretary of Homeland Security, may 805(b)(3) of the Kingpin Act. Affected Public: Business or other for- designate and block the property and Dated: November 10, 2015. profit organizations. interests in property, subject to U.S. Andrea Gacki, Estimated Number of Respondents: jurisdiction, of persons who are found Acting Director, Office of Foreign Assets 200. to be: (1) Materially assisting in, or Control. Estimated Time per Respondent: 15 providing financial or technological [FR Doc. 2015–29263 Filed 11–16–15; 8:45 am] hours. support for or to, or providing goods or BILLING CODE 4810–AL–P Estimated Total Annual Burden services in support of, the international Hours: 3,000. narcotics trafficking activities of a The following paragraph applies to all person designated pursuant to the DEPARTMENT OF THE TREASURY of the collections of information covered Kingpin Act; (2) owned, controlled, or by this notice: directed by, or acting for or on behalf of, Internal Revenue Service An agency may not conduct or a person designated pursuant to the Proposed Collection; Comment sponsor, and a person is not required to Kingpin Act; or (3) playing a significant Request for Regulation Project respond to, a collection of information role in international narcotics unless the collection of information trafficking. AGENCY: Internal Revenue Service (IRS), On November 10, 2015, the Acting displays a valid OMB control number. Treasury. Books or records relating to a collection Director of OFAC designated the ACTION: Notice and request for of information must be retained as long following two individuals and two comments. as their contents may become material entities whose property and interests in property are blocked pursuant to section in the administration of any internal SUMMARY: The Department of the 805(b) of the Kingpin Act. revenue law. Generally, tax returns and Treasury, as part of its continuing effort tax return information are confidential, Individuals to reduce paperwork and respondent as required by 26 U.S.C. 6103. burden, invites the general public and 1. FEO ALVARADO, Alveiro (a.k.a. Request for Comments: Comments other Federal agencies to take this ‘‘BENAVIDES’’), Colombia; DOB 16 Jun 1967; submitted in response to this notice will opportunity to comment on proposed POB El Paso, Cesar, Colombia; citizen be summarized and/or included in the Colombia; Cedula No. 77162067 (Colombia) and/or continuing information request for OMB approval. All (individual) [SDNTK] (Linked To: LOS collections, as required by the comments will become a matter of URABENOS). Designated for materially Paperwork Reduction Act of 1995, public record. Comments are invited on: assisting in, or providing support for or to, Public Law 104–13 (44 U.S.C. (a) Whether the collection of or providing goods or services in support of, 3506(c)(2)(A)). Currently, the IRS is the international narcotics trafficking information is necessary for the proper soliciting comments concerning activities of LOS URABENOS; and/or being performance of the functions of the modifications of commercial mortgage controlled, directed by and/or acting for or agency, including whether the loans held by a real estate mortgage on behalf of LOS URABENOS, and therefore information shall have practical utility; meets the statutory criteria for designation as investment conduit. (b) the accuracy of the agency’s estimate a Specially Designated Narcotics Trafficker DATES: Written comments should be of the burden of the collection of (SDNT) pursuant to sections 805(b)(2) and/or received on or before January 19, 2016 information; (c) ways to enhance the (3) of the Kingpin Act. to be assured of consideration. quality, utility, and clarity of the 2. MOSQUERA PEREZ, Victor Alfonso ADDRESSES: Direct all written comments (a.k.a. ‘‘NEGRO MOSQUERA’’), Colombia; information to be collected; (d) ways to to Michael Joplin, Internal Revenue minimize the burden of the collection of DOB 14 Sep 1984; POB Turbo, Antioquia, Colombia; citizen Colombia; Cedula No. Service, Room 6129, 1111 Constitution information on respondents, including 8358401 (individual) [SDNTK] (Linked To: Avenue NW., Washington, DC 20224. through the use of automated collection LOS URABENOS). Designated for materially FOR FURTHER INFORMATION CONTACT: techniques or other forms of information assisting in, or providing support for or to, Requests for additional information or technology; and (e) estimates of capital or providing goods or services in support of, copies of the regulations should be or start-up costs and costs of operation, the international narcotics trafficking directed to Sara Covington at Internal maintenance, and purchase of services activities of LOS URABENOS; and/or being Revenue Service, Room 6129, 1111 controlled, directed by, and/or acting for or to provide information. Constitution Avenue NW., Washington, on behalf of LOS URABENOS, and therefore Approved: November 6, 2015. meets the statutory criteria for designation as DC 20224, or through the Internet at Michael Joplin, an SDNT pursuant to sections 805(b)(2) and/ Sara.L.Covington@irs.gov. IRS Supervisory Tax Analyst. or (3) of the Kingpin Act. SUPPLEMENTARY INFORMATION: Title: Modifications of Commercial [FR Doc. 2015–29293 Filed 11–16–15; 8:45 am] Entities Mortgage Loans Held by a Real Estate BILLING CODE 4830–01–P 1. DE EXPOMINERIA S.A.S. (a.k.a. DE Mortgage Investment Conduit (REMIC). EXPOMINERIA S.A.), Calle 40, 81 a 15, OMB Number: 1545–2110. Medellin, Colombia; NIT # 900328871–2 Regulation Project Number: REG– DEPARTMENT OF THE TREASURY (Colombia) [SDNTK]. Designated for being 127770–07 (TD 9463). owned, controlled, directed by, and/or acting Abstract: This final regulation would Internal Revenue Service for or on behalf of LOS URABENOS, and mstockstill on DSK4VPTVN1PROD with NOTICES expand the list of permitted loan Proposed Collection; Comment therefore meets the statutory criteria for modifications to include certain designation as an SDNT pursuant to section Request for Form 4255 805(b)(3) of the Kingpin Act. modifications of commercial mortgages. 2. JOYERIA MVK, Calle 100 # 10–29, Changes to the regulations are necessary AGENCY: Internal Revenue Service (IRS), Turbo, Antioquia, Colombia; NIT # 8358401– to better accommodate evolving Treasury. 7 (Colombia) [SDNTK]. Designated for being commercial mortgage industry packages. ACTION: Notice and request for owned, controlled, directed by, and/or acting Current Actions: There is no change to comments. for or on behalf of LOS URABENOS and this existing regulation. VerDate Sep<11>2014 18:14 Nov 16, 2015 Jkt 238001 PO 00000 Frm 00150 Fmt 4703 Sfmt 4703 E:\FR\FM\17NON1.SGM 17NON1

71920 Federal Register / Vol. 80, No. 221 / Tuesday, November 17, 2015 / Notices SUMMARY: The Department of the Abstract: Internal Revenue Code in the administration of any internal Treasury, as part of its continuing effort section 50(a) requires that a taxpayer’s revenue law. Generally, tax returns and to reduce paperwork and respondent income tax be increased by the tax return information are confidential, burden, invites the general public and investment credit recapture tax if the as required by 26 U.S.C. 6103. other Federal agencies to take this taxpayer disposes of investment credit Request for Comments: Comments opportunity to comment on proposed property before the close of the submitted in response to this notice will and/or continuing information recapture period used in figuring the be summarized and/or included in the collections, as required by the original investment credit. Form 4255 request for OMB approval. All Paperwork Reduction Act of 1995, provides for the computation of the comments will become a matter of Public Law 104–13 (44 U.S.C. recapture tax. public record. Comments are invited on: 3506(c)(2)(A)). Currently, the IRS is Current Actions: There are no changes (a) Whether the collection of soliciting comments concerning Form being made to the form at this time. information is necessary for the proper 4255, Recapture of Investment Credit. Type of Review: Extension of a performance of the functions of the DATES: Written comments should be currently approved collection. agency, including whether the Affected Public: Business or other for- information shall have practical utility; received on or before January 19, 2016 profit organizations, individuals, and (b) the accuracy of the agency’s estimate to be assured of consideration. farms. of the burden of the collection of ADDRESSES: Direct all written comments Estimated Number of Respondents: information; (c) ways to enhance the to Michael Joplin, Internal Revenue 13,200. quality, utility, and clarity of the Service, Room 6129, 1111 Constitution Estimated Time per Respondent: 9 information to be collected; (d) ways to Avenue NW., Washington, DC 20224. hrs. 49 min. minimize the burden of the collection of FOR FURTHER INFORMATION CONTACT: Estimated Total Annual Burden information on respondents, including Requests for additional information or Hours: 129,492. through the use of automated collection copies of the form and instructions The following paragraph applies to all techniques or other forms of information should be directed to Sara Covington, at of the collections of information covered technology; and (e) estimates of capital Internal Revenue Service, Room 6129, by this notice: or start-up costs and costs of operation, 1111 Constitution Avenue NW., An agency may not conduct or maintenance, and purchase of services Washington, DC 20224, or through the sponsor, and a person is not required to to provide information. internet, at Sara.L.Covington@irs.gov. respond to, a collection of information Dated: November 6, 2015. unless the collection of information SUPPLEMENTARY INFORMATION: Michael A. Joplin, displays a valid OMB control number. Title: Recapture of Investment Credit. Books or records relating to a collection IRS Supervisory Tax Analyst. OMB Number: 1545–0166. of information must be retained as long [FR Doc. 2015–29328 Filed 11–16–15; 8:45 am] Form Number: 4255. as their contents may become material BILLING CODE 4830–01–P mstockstill on DSK4VPTVN1PROD with NOTICES VerDate Sep<11>2014 18:14 Nov 16, 2015 Jkt 238001 PO 00000 Frm 00151 Fmt 4703 Sfmt 9990 E:\FR\FM\17NON1.SGM 17NON1


Document Created: 2015-12-14 14:01:04
Document Modified: 2015-12-14 14:01:04
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 19, 2016 to be assured of consideration.
ContactRequests for additional information or copies of the form and instructions 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 71919 
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