80 FR 75172 - Proposed Collection; Comment Request for Notice 97-34

DEPARTMENT OF THE TREASURY
Internal Revenue Service

Federal Register Volume 80, Issue 230 (December 1, 2015)

Page Range		75172-75173
FR Document		2015-30377

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 Notice 97-34, Information Reporting on Transactions With Foreign Trusts and on Large Foreign Gifts.

Federal Register, Volume 80 Issue 230 (Tuesday, December 1, 2015)

[Federal Register Volume 80, Number 230 (Tuesday, December 1, 2015)]
[Notices]
[Pages 75172-75173]
From the Federal Register Online  [www.thefederalregister.org]
[FR Doc No: 2015-30377]


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DEPARTMENT OF THE TREASURY

Internal Revenue Service


Proposed Collection; Comment Request for Notice 97-34

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 
Notice 97-34, Information Reporting on Transactions With Foreign Trusts 
and on Large Foreign Gifts.

DATES: Written comments should be received on or before February 1, 
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 notice 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: Information Reporting on Transactions With Foreign Trusts 
and on Large Foreign Gifts.
    OMB Number: 1545-1538.
    Notice Number: Notice 97-34.
    Abstract: Notice 97-34 provides guidance on the foreign trust and 
foreign gift information reporting provisions contained in the Small 
Business Job Protection Act of 1996.
    Current Actions: There are no changes being made to the notice at 
this time.
    Type of Review: Extension of a currently approved collection.
    Affected Public: Individuals or households, business or other for-
profit organizations, and not-for-profit institutions.
    Estimated Number of Respondents: 5,000.
    Estimated Time per Respondent: 45 minutes.
    Estimated Total Annual Burden Hours: 3,750.

    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.


[[Page 75173]]


    Approved: November 23, 2015.
Michael A. Joplin,
IRS Supervisory Tax Analyst.
[FR Doc. 2015-30377 Filed 11-30-15; 8:45 am]
BILLING CODE 4830-01-P

75172 Federal Register / Vol. 80, No. 230 / Tuesday, December 1, 2015 / Notices

collections, as required by the public record. Comments are invited on: SUPPLEMENTARY INFORMATION:
Paperwork Reduction Act of 1995, (a) Whether the collection of Title: Information Reporting on
Public Law 104–13 (44 U.S.C. information is necessary for the proper Transactions With Foreign Trusts and
3506(c)(2)(A)). Currently, the IRS is performance of the functions of the on Large Foreign Gifts.
soliciting comments concerning Form agency, including whether the
8613, Return of Excise Tax on information shall have practical utility; OMB Number: 1545–1538.
Undistributed Income of Regulated (b) the accuracy of the agency’s estimate Notice Number: Notice 97–34.
Investment Companies. of the burden of the collection of Abstract: Notice 97–34 provides
DATES: Written comments should be information; (c) ways to enhance the guidance on the foreign trust and
received on or before February 1, 2016 quality, utility, and clarity of the foreign gift information reporting
to be assured of consideration. information to be collected; (d) ways to provisions contained in the Small
ADDRESSES: Direct all written comments minimize the burden of the collection of Business Job Protection Act of 1996.
to Michael Joplin Internal Revenue information on respondents, including
through the use of automated collection Current Actions: There are no changes
Service, Room 6129, 1111 Constitution being made to the notice at this time.
Avenue NW., Washington, DC 20224. techniques or other forms of information
technology; and (e) estimates of capital Type of Review: Extension of a
FOR FURTHER INFORMATION CONTACT:
or start-up costs and costs of operation, currently approved collection.
Requests for additional information or
maintenance, and purchase of services Affected Public: Individuals or
copies of the form and instructions
to provide information. households, business or other for-profit
should be directed to Sara Covington at
Internal Revenue Service, Room 6129, Approved: November 20, 2015. organizations, and not-for-profit
1111 Constitution Avenue NW., Michael A. Joplin, institutions.
Washington, DC 20224, or through the IRS Supervisory Tax Analyst. Estimated Number of Respondents:
Internet at Sara.L.Covington@irs.gov. [FR Doc. 2015–30378 Filed 11–30–15; 8:45 am] 5,000.
SUPPLEMENTARY INFORMATION: BILLING CODE 4830–01–P Estimated Time per Respondent: 45
Title: Return of Excise Tax on minutes.
Undistributed Income of Regulated
DEPARTMENT OF THE TREASURY Estimated Total Annual Burden
Investment Companies.
Hours: 3,750.
OMB Number: 1545–1016.
Form Number: 8613. Internal Revenue Service The following paragraph applies to all
Abstract: Form 8613 is used by of the collections of information covered
regulated investment companies to Proposed Collection; Comment
by this notice:
compute and pay the excise tax on Request for Notice 97–34
An agency may not conduct or
undistributed income imposed under AGENCY: Internal Revenue Service (IRS), sponsor, and a person is not required to
Internal Revenue Code section 4982. IRS Treasury. respond to, a collection of information
uses the information to verify that the ACTION: Notice and request for unless the collection of information
correct amount of tax has been reported. comments. displays a valid OMB control number.
Current Actions: There are no changes
Books or records relating to a collection
being made to the form at this time. SUMMARY: The Department of the of information must be retained as long
Type of Review: Extension of a Treasury, as part of its continuing effort as their contents may become material
currently approved collection. to reduce paperwork and respondent in the administration of any internal
Affected Public: Business or other for- burden, invites the general public and revenue law. Generally, tax returns and
profit organizations. other Federal agencies to take this
Estimated Number of Respondents: tax return information are confidential,
opportunity to comment on proposed as required by 26 U.S.C. 6103.
1,500. and/or continuing information
Estimated Time per Respondent: 11 collections, as required by the Request for Comments: Comments
hours, 53 minutes. Paperwork Reduction Act of 1995, submitted in response to this notice will
Estimated Total Annual Burden Public Law 104–13 (44 U.S.C. be summarized and/or included in the
Hours: 17,820. 3506(c)(2)(A)). Currently, the IRS is request for OMB approval. All
The following paragraph applies to all soliciting comments concerning Notice comments will become a matter of
of the collections of information covered 97–34, Information Reporting on public record. Comments are invited on:
by this notice: Transactions With Foreign Trusts and (a) Whether the collection of
An agency may not conduct or on Large Foreign Gifts. information is necessary for the proper
sponsor, and a person is not required to performance of the functions of the
DATES: Written comments should be
respond to, a collection of information agency, including whether the
unless the collection of information received on or before February 1, 2016 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 collection ADDRESSES: Direct all written comments of the burden of the collection of
of information must be retained as long to Michael Joplin, Internal Revenue information; (c) ways to enhance the
as their contents may become material Service, Room 6129, 1111 Constitution quality, utility, and clarity of the
in the administration of any internal Avenue NW., Washington, DC 20224. information to be collected; (d) ways to
revenue law. Generally, tax returns and FOR FURTHER INFORMATION CONTACT: minimize the burden of the collection of
tkelley on DSK3SPTVN1PROD with NOTICES

tax return information are confidential, Requests for additional information or information on respondents, including
as required by 26 U.S.C. 6103. copies of notice should be directed to through the use of automated collection
Request for Comments: Comments Sara Covington, at Internal Revenue techniques or other forms of information
submitted in response to this notice will Service, room 6129, 1111 Constitution technology; and (e) estimates of capital
be summarized and/or included in the Avenue NW., Washington, DC 20224, or or start-up costs and costs of operation,
request for OMB approval. All through the Internet at maintenance, and purchase of services
comments will become a matter of Sara.L.Covington@irs.gov. to provide information.

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Federal Register / Vol. 80, No. 230 / Tuesday, December 1, 2015 / Notices 75173

Approved: November 23, 2015. Affected Public: State, local or tribal to reduce paperwork and respondent
Michael A. Joplin, governments and businesses or other burden, invites the general public and
IRS Supervisory Tax Analyst. for-profit organizations. other Federal agencies to take this
[FR Doc. 2015–30377 Filed 11–30–15; 8:45 am] Estimated Number of Respondents: opportunity to comment on proposed
BILLING CODE 4830–01–P
60. and/or continuing information
Estimated Average Time per collections, as required by the
Respondent: 2 hours, 30 min. Paperwork Reduction Act of 1995,
DEPARTMENT OF THE TREASURY Estimated Total Annual Burden Public Law 104–13 (44 U.S.C.
Hours: 150. 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 8876, Excise Tax on Structured
Proposed Collection; Comment by this notice: Settlement Factoring Transactions.
Request for Revenue Procedure 2006– An agency may not conduct or DATES: Written comments should be
16 sponsor, and a person is not required to received on or before February 1, 2016
respond to, a collection of information to be assured of consideration.
AGENCY: Internal Revenue Service (IRS), unless the collection of information
Treasury. ADDRESSES: Direct all written comments
displays a valid OMB control number.
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
as their contents may become material Avenue NW., Washington, DC 20224.
SUMMARY: The Department of the in the administration of any Internal Please reference the information
Treasury, as part of its continuing effort Revenue law. Generally, tax returns and collection’s title, form number,
to reduce paperwork and respondent tax return information are confidential, reporting or record-keeping requirement
burden, invites the general public and as required by 26 U.S.C. 6103. number, and OMB number (if any) in
other Federal agencies to take this Request for Comments: Comments your comment.
opportunity to comment on proposed submitted in response to this notice will FOR FURTHER INFORMATION CONTACT:
and/or continuing information be summarized and/or included in the Requests for additional information or
collections, as required by the request for OMB approval. All copies of the collection tools should be
Paperwork Reduction Act of 1995, comments will become a matter of directed to LaNita Van Dyke, Internal
Public Law 104–13 (44 U.S.C. public record. Comments are invited on: Revenue Service, Room 6517, 1111
3506(c)(2)(A)). Currently, the IRS is (a) Whether the collection of Constitution Avenue NW., Washington,
soliciting comments concerning information is necessary for the proper DC 20224, or through the Internet at
Revenue Procedure 2006–16, Renewal performance of the functions of the Lanita.VanDyke@irs.gov.
Community Depreciation Provisions. agency, including whether the SUPPLEMENTARY INFORMATION: Currently,
DATES: Written comments should be information shall have practical utility; the IRS is seeking comments concerning
received on or before February 1, 2016 (b) the accuracy of the agency’s estimate the following information collection
to be assured of consideration. of the burden of the collection of tools, reporting, and record-keeping
ADDRESSES: Direct all written comments information; (c) ways to enhance the requirements:
to Michael Joplin, Internal Revenue quality, utility, and clarity of the Title: Excise Tax on Structured
Service, Room 6129, 1111 Constitution information to be collected; (d) ways to Settlement Factoring Transactions.
Avenue NW., Washington, DC 20224. minimize the burden of the collection of OMB Number: 1545–1826.
FOR FURTHER INFORMATION CONTACT: information on respondents, including Form Number: 8876.
Requests for additional information or through the use of automated collection Abstract: Form 8876 is used to report
copies of revenue procedure should be techniques or other forms of information structured settlement transactions and
directed to Sara Covington, at Internal technology; and (e) estimates of capital pay the applicable excise tax.
Revenue Service, Room 6129, 1111 or start-up costs and costs of operation, Current Actions: There are no changes
Constitution Avenue NW., Washington, maintenance, and purchase of services to the previously approved burden of
DC 20224, or through the Internet, at to provide information. this existing collection.
Sara.L.Covington@irs.gov. Type of Review: Extension of a
Approved: November 23, 2015.
currently approved collection.
SUPPLEMENTARY INFORMATION: Michael A. Joplin, Affected Public: Business or other for-
Title: Renewal Community IRS Supervisory Tax Analyst. profit organizations and individuals.
Depreciation Provisions. [FR Doc. 2015–30380 Filed 11–30–15; 8:45 am] Estimated Number of Respondents:
OMB Number: 1545–2001. BILLING CODE 4830–01–P 100.
Revenue Procedure Number: Revenue Estimated Time per Respondent: 5
Procedure 2006–16. hrs., 36 min.
Abstract: This revenue procedure DEPARTMENT OF THE TREASURY Estimated Total Annual Burden
provides the time and manner for states Hours: 560.
to make retroactive allocations of Internal Revenue Service The following paragraph applies to
commercial revitalization expenditure the collection of information covered by
amounts to certain buildings placed in Proposed Collection; Comment this notice:
service in the expanded area of a Request for Information Collection An agency may not conduct or
tkelley on DSK3SPTVN1PROD with NOTICES

renewal community pursuant to AGENCY: Internal Revenue Service (IRS), sponsor, and a person is not required to
§ 1400E(g) of the Internal Revenue Code. Treasury. respond to, a collection of information
Current Actions: There are no changes ACTION: Notice and request for unless the collection of information
being made to the revenue procedure at comments. displays a valid OMB control number.
this time. Books or records relating to a collection
Type of Review: Extension of a SUMMARY: The Department of the of information must be retained as long
currently approved collection. Treasury, as part of its continuing effort as their contents may become material

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Document Created: 2018-03-02 09:09:47
Document Modified: 2018-03-02 09:09:47

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 February 1, 2016 to be assured of consideration.
Contact		Requests for additional information or copies of notice 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 Citation		80 FR 75172

80 FR 75172 - Proposed Collection; Comment Request for Notice 97-34

DEPARTMENT OF THE TREASURYInternal Revenue Service

Federal Register Volume 80, Issue 230 (December 1, 2015)

DEPARTMENT OF THE TREASURY
Internal Revenue Service