80 FR 74836 - Proposed Collection; Comment Request for Form 4970

DEPARTMENT OF THE TREASURY
Internal Revenue Service

Federal Register Volume 80, Issue 229 (November 30, 2015)

Page Range		74836-74836
FR Document		2015-30365

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 4970, Tax on Accumulation Distributions of Trusts.

Federal Register, Volume 80 Issue 229 (Monday, November 30, 2015)

[Federal Register Volume 80, Number 229 (Monday, November 30, 2015)]
[Notices]
[Page 74836]
From the Federal Register Online  [www.thefederalregister.org]
[FR Doc No: 2015-30365]


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DEPARTMENT OF THE TREASURY

Internal Revenue Service


Proposed Collection; Comment Request for Form 4970

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 4970, Tax on Accumulation Distributions of Trusts.

DATES: Written comments should be received on or before January 29, 
2016 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 at Internal Revenue Service, Room 6517, 1111 Constitution Avenue 
NW., Washington, DC 20224, or through the internet at 
LaNita.VanDyke@irs.gov.

SUPPLEMENTARY INFORMATION: Title: Tax on Accumulation Distribution of 
Trusts.
    OMB Number: 1545-0192.
    Form Number: 4970.
    Abstract: Form 4970 is used by beneficiary of domestic or foreign 
trust to compute the tax adjustment attributable to an accumulation 
distribution. This form is used to verify whether the correct tax has 
been paid on the accumulation distribution.
    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: Individuals or households.
    Estimated Number of Respondents: 30,000.
    Estimated Time Per Response: 1 hour, 25 minutes.
    Estimated Total Annual Burden Hours: 42,900.
    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 20, 2015.
Michael Joplin,
IRS, Reports Clearance Officer.
[FR Doc. 2015-30365 Filed 11-27-15; 8:45 am]
 BILLING CODE 4830-01-P

74836 Federal Register / Vol. 80, No. 229 / Monday, November 30, 2015 / Notices

Secretary of Homeland Security, may Archivaldo Guzman Salazar, Jesus Current Actions: There are no changes
designate and block the property and Alfredo Guzman Salazar, and/or Victor being made to the form at this time.
interests in property, subject to U.S. Manuel Felix Beltran, and/or being Type of Review: Extension of a
jurisdiction, of persons who are found directed by, or acting for or on behalf of, currently approved collection.
to be: (1) Materially assisting in, or the Sinaloa Cartel, Joaquin Guzman Affected Public: Individuals or
providing financial or technological Loera, Ivan Archivaldo Guzman Salazar, households.
support for or to, or providing goods or Jesus Alfredo Guzman Salazar, and/or Estimated Number of Respondents:
services in support of, the international Victor Manuel Felix Beltran. 30,000.
narcotics trafficking activities of a Estimated Time Per Response: 1 hour,
Dated: November 24, 2015.
person designated pursuant to the 25 minutes.
John E. Smith, Estimated Total Annual Burden
Kingpin Act; (2) owned, controlled, or
directed by, or acting for or on behalf of, Acting Director, Office of Foreign Assets Hours: 42,900.
Control. The following paragraph applies to all
a person designated pursuant to the
Kingpin Act; or (3) playing a significant [FR Doc. 2015–30281 Filed 11–27–15; 8:45 am] of the collections of information covered
role in international narcotics BILLING CODE 4810–AL–P by this notice:
trafficking. An agency may not conduct or
On November 24, 2015, the Director sponsor, and a person is not required to
of OFAC designated the following two DEPARTMENT OF THE TREASURY respond to, a collection of information
individuals whose property and unless the collection of information
Internal Revenue Service displays a valid OMB control number.
interests in property are blocked
pursuant to section 805(b) of the Books or records relating to a collection
Proposed Collection; Comment
Kingpin Act. of information must be retained as long
Request for Form 4970
1. FERNANDEZ VALENCIA, as their contents may become material
Guadalupe (a.k.a. FERNANDEZ AGENCY: Internal Revenue Service (IRS), in the administration of any internal
VALENCIA, Ma. Guadalupe; a.k.a. Treasury. revenue law. Generally, tax returns and
FERNANDEZ VALENCIA, Maria ACTION: Notice and request for tax return information are confidential,
Guadalupe; a.k.a. ‘‘DON JULIO’’; a.k.a. comments. as required by 26 U.S.C. 6103.
‘‘JULIA’’); DOB 29 Oct 1960; POB Request For Comments: Comments
Aguililla, Michoacan de Ocampo, SUMMARY: The Department of the submitted in response to this notice will
Mexico; citizen Mexico; Gender Female; Treasury, as part of its continuing effort be summarized and/or included in the
R.F.C. FEVM601029EN3 (Mexico); to reduce paperwork and respondent request for OMB approval. All
C.U.R.P. FEVG601029MMNRLD10 burden, invites the general public and comments will become a matter of
(Mexico); alt. C.U.R.P. other Federal agencies to take this public record. Comments are invited on:
FEVG601029MMNRLD02 (Mexico) opportunity to comment on proposed (a) Whether the collection of
(individual) [SDNTK]. Designated for and/or continuing information information is necessary for the proper
materially assisting in, or providing collections, as required by the performance of the functions of the
financial or technological support for or Paperwork Reduction Act of 1995, agency, including whether the
to, or providing services in support of, Public Law 104–13(44 U.S.C. information shall have practical utility;
the international narcotics trafficking 3506(c)(2)(A)). Currently, the IRS is (b) the accuracy of the agency’s estimate
activities of the Sinaloa Cartel, Joaquin soliciting comments concerning Form of the burden of the collection of
Guzman Loera, Ivan Archivaldo 4970, Tax on Accumulation information; (c) ways to enhance the
Guzman Salazar, and/or Jesus Alfredo Distributions of Trusts. quality, utility, and clarity of the
Guzman Salazar, and/or being directed DATES: Written comments should be information to be collected; (d) ways to
by, or acting for or on behalf of, the received on or before January 29, 2016 minimize the burden of the collection of
Sinaloa Cartel, Joaquin Guzman Loera, to be assured of consideration. information on respondents, including
Ivan Archivaldo Guzman Salazar, and/ through the use of automated collection
ADDRESSES: Direct all written comments
or Jesus Alfredo Guzman Salazar. techniques or other forms of information
to Christie Preston, Internal Revenue
2. VALENZUELA VERDUGO, Jorge technology; and (e) estimates of capital
Mario (a.k.a. ‘‘CHOCLOS’’), Antonio Service, room 6129, 1111 Constitution
Avenue NW., Washington, DC 20224. or start-up costs and costs of operation,
Rosales 280, Centro Culiacan, Culiacan, maintenance, and purchase of services
Sinaloa 80000, Mexico; De Las Toronjas FOR FURTHER INFORMATION CONTACT:
to provide information.
1999, Culiacan, Sinaloa 80060, Mexico; Requests for additional information or
copies of the form and instructions Approved: November 20, 2015.
Boulevard Constitucion 257 PTE,
Colonia Jorge Almada, Culiacan, Sinaloa should be directed to LaNita Van Dyke Michael Joplin,
80200, Mexico; Angel Flores 624, at Internal Revenue Service, Room 6517, IRS, Reports Clearance Officer.
Colonia Centro, Culiacan, Sinaloa, 1111 Constitution Avenue NW., [FR Doc. 2015–30365 Filed 11–27–15; 8:45 am]
Mexico; DOB 23 Oct 1982; POB Distrito Washington, DC 20224, or through the BILLING CODE 4830–01–P
Federal, Mexico; citizen Mexico; Gender internet at LaNita.VanDyke@irs.gov.
Male; Cedula No. 09084650 (Mexico); SUPPLEMENTARY INFORMATION: Title: Tax
R.F.C. VAVJ821023EL8 (Mexico); on Accumulation Distribution of Trusts. DEPARTMENT OF THE TREASURY
National ID No. 23038267151 (Mexico); OMB Number: 1545–0192.
C.U.R.P. VAVJ821023HDFLRR02 Form Number: 4970. Submission for OMB Review;
jstallworth on DSK7TPTVN1PROD with NOTICES

(Mexico) (individual) [SDNTK]. Abstract: Form 4970 is used by Comment Request
Designated for materially assisting in, or beneficiary of domestic or foreign trust AGENCY: Department of the Treasury.
providing financial or technological to compute the tax adjustment ACTION: Notice.
support for or to, or providing services attributable to an accumulation
in support of, the international narcotics distribution. This form is used to verify The Department of the Treasury will
trafficking activities of the Sinaloa whether the correct tax has been paid on submit the following information
Cartel, Joaquin Guzman Loera, Ivan the accumulation distribution. collection requests to the Office of

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Document Created: 2018-03-01 11:11:36
Document Modified: 2018-03-01 11:11:36

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 January 29, 2016 to be assured of consideration.
Contact		Requests for additional information or copies of the form and instructions should be directed to LaNita Van Dyke at Internal Revenue Service, Room 6517, 1111 Constitution Avenue NW., Washington, DC 20224, or through the internet at [email protected]
FR Citation		80 FR 74836

80 FR 74836 - Proposed Collection; Comment Request for Form 4970

DEPARTMENT OF THE TREASURYInternal Revenue Service

Federal Register Volume 80, Issue 229 (November 30, 2015)

DEPARTMENT OF THE TREASURY
Internal Revenue Service