81 FR 12783 - Proposed Collection; Comment Request For Regulation Project

DEPARTMENT OF THE TREASURY
Internal Revenue Service

Federal Register Volume 81, Issue 47 (March 10, 2016)

Page Range		12783-12783
FR Document		2016-05340

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 subchapter S subsidiaries.

Federal Register, Volume 81 Issue 47 (Thursday, March 10, 2016)

[Federal Register Volume 81, Number 47 (Thursday, March 10, 2016)]
[Notices]
[Page 12783]
From the Federal Register Online  [www.thefederalregister.org]
[FR Doc No: 2016-05340]


-----------------------------------------------------------------------

DEPARTMENT OF THE TREASURY

Internal Revenue Service


Proposed Collection; Comment Request For Regulation Project

AGENCY: Internal Revenue Service (IRS), Treasury.

ACTION: Notice and request for comments.

-----------------------------------------------------------------------

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 
subchapter S subsidiaries.

DATES: Written comments should be received on or before May 9, 2016 to 
be assured of consideration.

ADDRESSES: Direct all written comments 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 this regulation should be directed to Allan Hopkins, Internal 
Revenue Service, Room 6129, 1111 Constitution Avenue NW., Washington, 
DC 20224, or through the internet at [email protected].

SUPPLEMENTARY INFORMATION: 
    Title: Subchapter S Subsidiaries.
    OMB Number: 1545-1590.
    Regulation Project Number: REG-251698-96.
    Abstract: This regulation relates to the treatment of corporate 
subsidiaries of S corporations and interprets the rules added to the 
Internal Revenue Code by section 1308 of the Small Business Job 
Protection Act of 1996. The collection of information required in the 
regulation is necessary for a taxpayer to obtain, retain, or terminate 
S corporation treatment.
    Current Actions: There is no change to this regulation.
    Type of Review: Reinstatement of a previously approved collection.
    Affected Public: Businesses or other for-profit organizations, 
individuals, and farms.
    Estimated Number of Respondents: 10,660.
    Estimated Time per Respondent: 57 minutes.
    Estimated Total Annual Reporting Burden Hours: 10,110.
    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: March 4, 2016.
Allan Hopkins,
Tax Analyst.
[FR Doc. 2016-05340 Filed 3-9-16; 8:45 am]
 BILLING CODE 4830-01-P

Federal Register / Vol. 81, No. 47 / Thursday, March 10, 2016 / Notices 12783

Form Number: Form 14157 and Form DEPARTMENT OF THE TREASURY The following paragraph applies to all
14157–A. of the collections of information covered
Abstract: These forms will be used by Internal Revenue Service by this notice:
taxpayers to report allegations of An agency may not conduct or
misconduct by tax return preparers. The Proposed Collection; Comment sponsor, and a person is not required to
forms are created specifically for tax Request For Regulation Project respond to, a collection of information
return preparer complaints and include AGENCY: Internal Revenue Service (IRS), unless the collection of information
items necessary for the IRS to effectively Treasury. displays a valid OMB control number.
evaluate the complaint and route to the Books or records relating to a collection
ACTION: Notice and request for
appropriate function. of information must be retained as long
Current Actions: This is a request for comments. as their contents may become material
extension of a currently approved SUMMARY: The Department of the in the administration of any internal
collection. Treasury, as part of its continuing effort revenue law. Generally, tax returns and
Type of Review: Extension to to reduce paperwork and respondent tax return information are confidential,
previously approved IC. burden, invites the general public and as required by 26 U.S.C. 6103.
Affected Public: Individuals or Request for Comments: Comments
other Federal agencies to take this
households and businesses and other submitted in response to this notice will
opportunity to comment on proposed
for-profits. be summarized and/or included in the
and/or continuing information
Estimated Number of Respondents: request for OMB approval. All
collections, as required by the
1,500. comments will become a matter of
Estimated Average Time per Paperwork Reduction Act of 1995,
Public Law 104–13 (44 U.S.C. public record. Comments are invited on:
Respondent: 1 hour. (a) Whether the collection of
Estimated Total Annual Burden 3506(c)(2)(A)). Currently, the IRS is
soliciting comments concerning information is necessary for the proper
Hours: 1,500 hours. performance of the functions of the
The following paragraph applies to all subchapter S subsidiaries.
agency, including whether the
of the collections of information covered DATES: Written comments should be information shall have practical utility;
by this notice: received on or before May 9, 2016 to be (b) the accuracy of the agency’s estimate
An agency may not conduct or assured of consideration. of the burden of the collection of
sponsor, and a person is not required to ADDRESSES: Direct all written comments information; (c) ways to enhance the
respond to, a collection of information Christie Preston, Internal Revenue quality, utility, and clarity of the
unless the collection of information Service, Room 6129, 1111 Constitution information to be collected; (d) ways to
displays a valid OMB control number. Avenue NW., Washington, DC 20224. minimize the burden of the collection of
Books or records relating to a collection FOR FURTHER INFORMATION CONTACT: information on respondents, including
of information must be retained as long Requests for additional information or through the use of automated collection
as their contents may become material copies of this regulation should be techniques or other forms of information
in the administration of any internal directed to Allan Hopkins, Internal technology; and (e) estimates of capital
revenue law. Generally, tax returns and Revenue Service, Room 6129, 1111 or start-up costs and costs of operation,
tax return information are confidential, Constitution Avenue NW., Washington, maintenance, and purchase of services
as required by 26 U.S.C. 6103. DC 20224, or through the internet at to provide information.
Request For Comments: Comments Allan.M.Hopkins@irs.gov.
submitted in response to this notice will Approved: March 4, 2016.
SUPPLEMENTARY INFORMATION: Allan Hopkins,
be summarized and/or included in the
request for OMB approval. All Title: Subchapter S Subsidiaries. Tax Analyst.
comments will become a matter of OMB Number: 1545–1590. [FR Doc. 2016–05340 Filed 3–9–16; 8:45 am]
public record. Comments are invited on: Regulation Project Number: REG– BILLING CODE 4830–01–P
(a) Whether the collection of 251698–96.
information is necessary for the proper Abstract: This regulation relates to the
performance of the functions of the treatment of corporate subsidiaries of S DEPARTMENT OF THE TREASURY
agency, including whether the corporations and interprets the rules
information shall have practical utility; added to the Internal Revenue Code by Internal Revenue Service
(b) the accuracy of the agency’s estimate section 1308 of the Small Business Job
Protection Act of 1996. The collection of Proposed Collection; Comment
of the burden of the collection of Request for Revenue Procedure 97–33
information; (c) ways to enhance the information required in the regulation is
quality, utility, and clarity of the necessary for a taxpayer to obtain, AGENCY: Internal Revenue Service (IRS),
information to be collected; (d) ways to retain, or terminate S corporation Treasury.
minimize the burden of the collection of treatment. ACTION: Notice and request for
information on respondents, including Current Actions: There is no change to comments.
through the use of automated collection this regulation.
techniques or other forms of information Type of Review: Reinstatement of a SUMMARY: The Department of the
technology; and (e) estimates of capital previously approved collection. Treasury, as part of its continuing effort
or start-up costs and costs of operation, Affected Public: Businesses or other to reduce paperwork and respondent
mstockstill on DSK4VPTVN1PROD with NOTICES

maintenance, and purchase of services for-profit organizations, individuals, burden, invites the general public and
to provide information. and farms. other Federal agencies to take this
Estimated Number of Respondents: opportunity to comment on proposed
Dated: March 2, 2016. 10,660. and/or continuing information
R. Joseph Durbala, Estimated Time per Respondent: 57 collections, as required by the
IRS, Reports Clearance Analyst. minutes. Paperwork Reduction Act of 1995,
[FR Doc. 2016–05336 Filed 3–9–16; 8:45 am] Estimated Total Annual Reporting Public Law 104–13 (44 U.S.C.
BILLING CODE 4830–01–P Burden Hours: 10,110. 3506(c)(2)(A)). Currently, the IRS is

VerDate Sep<11>2014 17:55 Mar 09, 2016 Jkt 238001 PO 00000 Frm 00104 Fmt 4703 Sfmt 4703 E:\FR\FM\10MRN1.SGM 10MRN1

Document Created: 2018-02-02 15:12:10
Document Modified: 2018-02-02 15:12:10

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 May 9, 2016 to be assured of consideration.
Contact		Requests for additional information or copies of this regulation should be directed to Allan Hopkins, Internal Revenue Service, Room 6129, 1111 Constitution Avenue NW., Washington, DC 20224, or through the internet at [email protected]
FR Citation		81 FR 12783

81 FR 12783 - Proposed Collection; Comment Request For Regulation Project

DEPARTMENT OF THE TREASURYInternal Revenue Service

Federal Register Volume 81, Issue 47 (March 10, 2016)

DEPARTMENT OF THE TREASURY
Internal Revenue Service