80 FR 77704 - Proposed Collection; Comment Request for Revenue Procedure 2003-48

DEPARTMENT OF THE TREASURY
Internal Revenue Service

Federal Register Volume 80, Issue 240 (December 15, 2015)

Page Range		77704-77704
FR Document		2015-31456

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 2003-48, Update of Checklist Questionnaire Regarding Requests for Spin-Off Rulings.

Federal Register, Volume 80 Issue 240 (Tuesday, December 15, 2015)

[Federal Register Volume 80, Number 240 (Tuesday, December 15, 2015)]
[Notices]
[Page 77704]
From the Federal Register Online  [www.thefederalregister.org]
[FR Doc No: 2015-31456]


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DEPARTMENT OF THE TREASURY

Internal Revenue Service


Proposed Collection; Comment Request for Revenue Procedure 2003-
48

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 2003-48, Update of Checklist Questionnaire Regarding 
Requests for Spin-Off Rulings.

DATES: Written comments should be received on or before February 16, 
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 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: 
    Title: Update of Checklist Questionnaire Regarding Requests for 
Spin-Off Rulings.
    OMB Number: 1545-1846.
    Revenue Procedure Number: Revenue Procedure 2003-48.
    Abstract: Revenue Procedure 2003-48 updates Revenue Procedure 96-
30, which sets forth in a checklist questionnaire the information that 
must be included in a request for ruling under section 355. This 
revenue procedure updates information that taxpayers must provide in 
order to receive letter rulings under section 355. This information is 
required to determine whether a taxpayer would qualify for 
nonrecognition treatment.
    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.
    Estimated Number of Respondents: 180.
    Estimated Time per Respondent: 200 hours.
    Estimated Total Annual Burden Hours: 36,000.
    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: December 4, 2015.
Michael A. Joplin,
IRS Supervisory Tax Analyst.
[FR Doc. 2015-31456 Filed 12-14-15; 8:45 am]
 BILLING CODE 4830-01-P

77704 Federal Register / Vol. 80, No. 240 / Tuesday, December 15, 2015 / Notices

exceed an exemption amount. This DEPARTMENT OF THE TREASURY Estimated Number of Respondents:
result is reduced by the alternative 180.
minimum tax foreign tax credit. If this Internal Revenue Service Estimated Time per Respondent: 200
result is more than the corporation’s hours.
regular tax liability before all credits Proposed Collection; Comment Estimated Total Annual Burden
(except the foreign tax and possessions Request for Revenue Procedure 2003– Hours: 36,000.
tax credits), the difference is added to 48 The following paragraph applies to all
the tax liability. Form 4626 provides a AGENCY: Internal Revenue Service (IRS), of the collections of information covered
line-by-line computation of the Treasury. by this notice:
alternative minimum tax. An agency may not conduct or
ACTION: Notice and request for
Current Actions: There are no changes sponsor, and a person is not required to
comments. respond to, a collection of information
being made to Form 8594 at this time.
SUMMARY: The Department of the unless the collection of information
Type of Review: Extension of a displays a valid OMB control number.
currently approved collection. Treasury, as part of its continuing effort
to reduce paperwork and respondent Books or records relating to a collection
Affected Public: Business or other for- of information must be retained as long
burden, invites the general public and
profit organizations and individuals. as their contents may become material
other Federal agencies to take this
Estimated Number of Respondents: opportunity to comment on proposed in the administration of any internal
60,000. and/or continuing information revenue law. Generally, tax returns and
Estimated Time per Respondent: 43 collections, as required by the tax return information are confidential,
hrs., 52 minutes. Paperwork Reduction Act of 1995, as required by 26 U.S.C. 6103.
Estimated Total Annual Burden Public Law 104–13 (44 U.S.C. Request for Comments: Comments
Hours: 2,611,200 3506(c)(2)(A)). Currently, the IRS is submitted in response to this notice will
soliciting comments concerning be summarized and/or included in the
The following paragraph applies to all
Revenue Procedure 2003–48, Update of request for OMB approval. All
of the collections of information covered
Checklist Questionnaire Regarding comments will become a matter of
by this notice:
Requests for Spin-Off Rulings. public record. Comments are invited on:
An agency may not conduct or (a) Whether the collection of
sponsor, and a person is not required to DATES: Written comments should be
information is necessary for the proper
respond to, a collection of information received on or before February 16, 2016
performance of the functions of the
unless the collection of information to be assured of consideration.
agency, including whether the
displays a valid OMB control number. ADDRESSES: Direct all written comments information shall have practical utility;
Books or records relating to a collection to Michael Joplin, Internal Revenue (b) the accuracy of the agency’s estimate
of information must be retained as long Service, Room 6129, 1111 Constitution of the burden of the collection of
as their contents may become material Avenue NW., Washington, DC 20224. information; (c) ways to enhance the
in the administration of any internal FOR FURTHER INFORMATION CONTACT: quality, utility, and clarity of the
revenue law. Generally, tax returns and Requests for additional information or information to be collected; (d) ways to
tax return information are confidential, copies of the revenue procedure should minimize the burden of the collection of
as required by 26 U.S.C. 6103. be directed to Sara Covington at Internal information on respondents, including
Request for Comments: Comments Revenue Service, Room 6129, 1111 through the use of automated collection
submitted in response to this notice will Constitution Avenue NW., Washington, techniques or other forms of information
be summarized and/or included in the DC 20224, or through the internet at technology; and (e) estimates of capital
request for OMB approval. All Sara.L.Covington@irs.gov. or start-up costs and costs of operation,
comments will become a matter of SUPPLEMENTARY INFORMATION: maintenance, and purchase of services
public record. Comments are invited on: Title: Update of Checklist to provide information.
(a) Whether the collection of Questionnaire Regarding Requests for
Approved: December 4, 2015.
information is necessary for the proper Spin-Off Rulings.
performance of the functions of the OMB Number: 1545–1846. Michael A. Joplin,
agency, including whether the Revenue Procedure Number: Revenue IRS Supervisory Tax Analyst.
information shall have practical utility; Procedure 2003–48. [FR Doc. 2015–31456 Filed 12–14–15; 8:45 am]
(b) the accuracy of the agency’s estimate Abstract: Revenue Procedure 2003–48 BILLING CODE 4830–01–P
of the burden of the collection of updates Revenue Procedure 96–30,
information; (c) ways to enhance the which sets forth in a checklist
quality, utility, and clarity of the questionnaire the information that must DEPARTMENT OF THE TREASURY
information to be collected; (d) ways to be included in a request for ruling under
section 355. This revenue procedure Internal Revenue Service
minimize the burden of the collection of
information on respondents, including updates information that taxpayers must
Proposed Collection; Comment
through the use of automated collection provide in order to receive letter rulings
Request for Form 944, Form 944(SP),
techniques or other forms of information under section 355. This information is
Form 944–X, Form 944–X (SP), and
technology; and (e) estimates of capital required to determine whether a
944–X (PR).
asabaliauskas on DSK5VPTVN1PROD with NOTICES

or start-up costs and costs of operation, taxpayer would qualify for
maintenance, and purchase of services nonrecognition treatment. AGENCY: Internal Revenue Service (IRS),
to provide information. Current Actions: There are no changes Treasury.
being made to the revenue procedure at ACTION: Notice and request for
Approved: December 3, 2015.
this time. comments.
Allan Hopkins, Type of Review: Extension of a
Tax Analyst. currently approved collection. SUMMARY: The Department of the
[FR Doc. 2015–31453 Filed 12–14–15; 8:45 am] Affected Public: Business or other for- Treasury, as part of its continuing effort
BILLING CODE 4830–01–P profit organizations. to reduce paperwork and respondent

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Document Created: 2018-03-02 09:16:10
Document Modified: 2018-03-02 09:16:10

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 16, 2016 to be assured of consideration.
Contact		Requests for additional information or copies of the 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 Citation		80 FR 77704

80 FR 77704 - Proposed Collection; Comment Request for Revenue Procedure 2003-48

DEPARTMENT OF THE TREASURYInternal Revenue Service

Federal Register Volume 80, Issue 240 (December 15, 2015)

DEPARTMENT OF THE TREASURY
Internal Revenue Service