81 FR 13877 - Proposed Collection; Comment Request for Form 8594

DEPARTMENT OF THE TREASURY
Internal Revenue Service

Federal Register Volume 81, Issue 50 (March 15, 2016)

Page Range		13877-13878
FR Document		2016-05742

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 8594, Asset Acquisition Statement.

Federal Register, Volume 81 Issue 50 (Tuesday, March 15, 2016)

[Federal Register Volume 81, Number 50 (Tuesday, March 15, 2016)]
[Notices]
[Pages 13877-13878]
From the Federal Register Online  [www.thefederalregister.org]
[FR Doc No: 2016-05742]


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DEPARTMENT OF THE TREASURY

Internal Revenue Service


Proposed Collection; Comment Request for Form 8594

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 
Form 8594, Asset Acquisition Statement.

DATES: Written comments should be received on or before May 16, 2016 to 
be assured of consideration.

ADDRESSES: Direct all written comments to Tuawana Pinkston, 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 Kerry Dennis, 
at Internal Revenue Service, Room 6129, 1111 Constitution Avenue NW., 
Washington, DC 20224, or through the internet, at [email protected].

SUPPLEMENTARY INFORMATION:
    Title: Asset Acquisition Statement.
    OMB Number: 1545-1021.
    Form Number: 8594.
    Abstract: Internal Revenue Code section 1060 requires reporting to 
the IRS by the buyer and seller of the total consideration paid for 
assets in an applicable asset acquisition. The information required to 
be reported includes the amount allocated to goodwill or going concern 
value. Form 8594 is used to report this information.
    Current Actions: There have been no changes to the form. However, 
the agency has updated its estimated number of responses. Business 
burden is now being reported under 1545-0123, and individual burden is 
being reported under 1545-0074. Burden estimates for this collection 
(1545-1021) is for all other filers (estates, trusts, etc.). This 
change results in a decrease in overall burden hours.
    Type of Review: Revision of a currently approved collection.
    Affected Public: Business or other for-profit organizations and 
individuals.
    Estimated Number of Respondents: 1,310.
    Estimated Time per Respondent: 16 hrs., 28 minutes.
    Estimated Total Annual Burden Hours: 21,563.
    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 13878]]


    Approved: March 2, 2016.
Tuawana Pinkston,
IRS Reports Clearance Officer.
[FR Doc. 2016-05742 Filed 3-14-16; 8:45 am]
 BILLING CODE 4830-01-P

Federal Register / Vol. 81, No. 50 / Tuesday, March 15, 2016 / Notices 13877

Request for Comments: Comments limited conference lines, notification of consideration paid for assets in an
submitted in response to this notice will intent to participate must be made with applicable asset acquisition. The
be summarized and/or included in the Antoinette Ross. For more information information required to be reported
request for OMB approval. All please contact: Antoinette Ross at 1– includes the amount allocated to
comments will become a matter of 888–912–1227 or (202) 317–4110, or goodwill or going concern value. Form
public record. Comments are invited on: write TAP Office, 1111 Constitution 8594 is used to report this information.
(a) Whether the collection of Avenue NW., Room 1509—National Current Actions: There have been no
information is necessary for the proper Office, Washington, DC 20224, or changes to the form. However, the
performance of the functions of the contact us at the Web site: http:// agency has updated its estimated
agency, including whether the www.improveirs.org. number of responses. Business burden
information shall have practical utility; The committee will be discussing is now being reported under 1545–0123,
(b) the accuracy of the agency’s estimate various issues related to Taxpayer and individual burden is being reported
of the burden of the collection of Communications and public input is under 1545–0074. Burden estimates for
information; (c) ways to enhance the welcome. this collection (1545–1021) is for all
quality, utility, and clarity of the Dated: March 8, 2016. other filers (estates, trusts, etc.). This
information to be collected; (d) ways to Antoinette Ross, change results in a decrease in overall
minimize the burden of the collection of burden hours.
Acting Director, Taxpayer Advocacy Panel.
information on respondents, including
[FR Doc. 2016–05737 Filed 3–14–16; 8:45 am] Type of Review: Revision of a
through the use of automated collection
BILLING CODE 4830–01–P currently approved collection.
techniques or other forms of information
technology; and (e) estimates of capital Affected Public: Business or other for-
or start-up costs and costs of operation, profit organizations and individuals.
DEPARTMENT OF THE TREASURY
maintenance, and purchase of services Estimated Number of Respondents:
to provide information. Internal Revenue Service 1,310.
Approved: February 23, 2016. Estimated Time per Respondent: 16
Tuawana Pinkston, Proposed Collection; Comment hrs., 28 minutes.
Supervisory Tax Analyst.
Request for Form 8594 Estimated Total Annual Burden
[FR Doc. 2016–05731 Filed 3–14–16; 8:45 am] AGENCY: Internal Revenue Service (IRS), Hours: 21,563.
BILLING CODE 4830–01–P Treasury. The following paragraph applies to all
ACTION: Notice and request for of the collections of information covered
comments. by this notice:
DEPARTMENT OF THE TREASURY An agency may not conduct or
SUMMARY: The Department of the sponsor, and a person is not required to
Internal Revenue Service Treasury, as part of its continuing effort respond to, a collection of information
to reduce paperwork and respondent unless the collection of information
Open Meeting of the Taxpayer burden, invites the general public and
Advocacy Panel Taxpayer displays a valid OMB control number.
other Federal agencies to take this Books or records relating to a collection
Communications Project Committee opportunity to comment on proposed of information must be retained as long
AGENCY: Internal Revenue Service (IRS), and/or continuing information as their contents may become material
Treasury. collections, as required by the in the administration of any internal
ACTION: Notice of meeting. Paperwork Reduction Act of 1995, revenue law. Generally, tax returns and
Public Law 104–13 (44 U.S.C. tax return information are confidential,
SUMMARY: An open meeting of the 3506(c)(2)(A)). Currently, the IRS is as required by 26 U.S.C. 6103.
Taxpayer Advocacy Panel Taxpayer soliciting comments concerning Form
Communications Project Committee will 8594, Asset Acquisition Statement. Request for Comments: Comments
be conducted. The Taxpayer Advocacy submitted in response to this notice will
DATES: Written comments should be
Panel is soliciting public comments, be summarized and/or included in the
received on or before May 16, 2016 to
ideas, and suggestions on improving request for OMB approval. All
be assured of consideration.
customer service at the Internal Revenue comments will become a matter of
ADDRESSES: Direct all written comments public record. Comments are invited on:
Service. to Tuawana Pinkston, Internal Revenue (a) Whether the collection of
DATES: The meeting will be held Service, Room 6129, 1111 Constitution information is necessary for the proper
Thursday, April 21, 2016. Avenue NW., Washington, DC 20224. performance of the functions of the
FOR FURTHER INFORMATION CONTACT: FOR FURTHER INFORMATION CONTACT: agency, including whether the
Antoinette Ross at 1–888–912–1227 or Requests for additional information or information shall have practical utility;
(202) 317–4110. copies of the form and instructions (b) the accuracy of the agency’s estimate
SUPPLEMENTARY INFORMATION: Notice is should be directed to Kerry Dennis, at of the burden of the collection of
hereby given pursuant to Section Internal Revenue Service, Room 6129, information; (c) ways to enhance the
10(a)(2) of the Federal Advisory 1111 Constitution Avenue NW., quality, utility, and clarity of the
Committee Act, 5 U.S.C. App. (1988) Washington, DC 20224, or through the information to be collected; (d) ways to
asabaliauskas on DSK3SPTVN1PROD with NOTICES

that an open meeting of the Taxpayer internet, at Kerry.Dennis@irs.gov. minimize the burden of the collection of
Advocacy Panel Taxpayer SUPPLEMENTARY INFORMATION: information on respondents, including
Communications Project Committee will Title: Asset Acquisition Statement. through the use of automated collection
be held Thursday, April 21, 2016, at OMB Number: 1545–1021. techniques or other forms of information
3:00 p.m. Eastern Time via Form Number: 8594. technology; and (e) estimates of capital
teleconference. The public is invited to Abstract: Internal Revenue Code or start-up costs and costs of operation,
make oral comments or submit written section 1060 requires reporting to the maintenance, and purchase of services
statements for consideration. Due to IRS by the buyer and seller of the total to provide information.

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13878 Federal Register / Vol. 81, No. 50 / Tuesday, March 15, 2016 / Notices

Approved: March 2, 2016. employees and contractors, and persons DEPARTMENT OF THE TREASURY
Tuawana Pinkston, who make requests or demands for
IRS Reports Clearance Officer. disclosure. Internal Revenue Service
[FR Doc. 2016–05742 Filed 3–14–16; 8:45 am] Current Actions: There is no change Open meeting of the Taxpayer
BILLING CODE 4830–01–P in the paperwork burden previously Advocacy Panel Taxpayer Assistance
approved by OMB. Center Improvements Project
DEPARTMENT OF THE TREASURY Type of Review: Extension of a Committee
currently approved collection.
AGENCY: Internal Revenue Service (IRS),
Internal Revenue Service Affected Public: Businesses and other Treasury.
for-profit organizations, Individuals and ACTION: Notice of meeting.
Proposed Collection; Comment
households, Not-for-Profit institutions,
Request for Regulation Project
and Farms. SUMMARY: The Taxpayer Advocacy
AGENCY: Internal Revenue Service (IRS), Estimated Number of Respondents: Panel Taxpayer Assistance Center
Treasury. 1,400. Improvements Project Committee will
ACTION: Notice and request for conduct an open meeting and will
comments. Estimated Time per Respondent: 1 solicit public comments, ideas, and
hour. suggestions on improving customer
SUMMARY: The Department of the Estimated Total Annual Burden service at the Internal Revenue Service.
Treasury, as part of its continuing effort Hours: 1,400. DATES: The meeting will be held
to reduce paperwork and respondent Wednesday, April 13, 2016.
burden, invites the general public and The following paragraph applies to all
of the collections of information covered FOR FURTHER INFORMATION CONTACT: Otis
other Federal agencies to take this
opportunity to comment on proposed by this notice: Simpson at 1–888–912–1227 or 202–
and/or continuing information 317–3332.
An agency may not conduct or
collections, as required by the sponsor, and a person is not required to SUPPLEMENTARY INFORMATION: Notice is
Paperwork Reduction Act of 1995, respond to, a collection of information hereby given pursuant to Section
Public Law 104–13 (44 U.S.C. unless the collection of information 10(a)(2) of the Federal Advisory
3506(c)(2)(A)). Currently, the IRS is Committee Act, 5 U.S.C. App. (1988)
displays a valid OMB control number.
soliciting comments concerning that a meeting of the Taxpayer
Books or records relating to a collection
Testimony or Production of Records in Advocacy Panel Taxpayer Assistance
of information must be retained as long Center Improvements Project Committee
a Court or Other Proceeding. as their contents may become material
DATES: Written comments should be will be held Wednesday, April 13, 2016,
in the administration of any internal at 2:00 p.m. Eastern Time. The public is
received on or before May 16, 2016 to revenue law. Generally, tax returns and
be assured of consideration. invited to make oral comments or
tax return information are confidential, submit written statements for
ADDRESSES: Direct all written comments as required by 26 U.S.C. 6103. consideration. Due to limited
to Tuawana Pinkston, Internal Revenue
Request for Comments: Comments conference lines, notification of intent
Service, Room 6129, 1111 Constitution
submitted in response to this notice will to participate must be made with Otis
Avenue NW., Washington, DC 20224.
be summarized and/or included in the Simpson. For more information please
FOR FURTHER INFORMATION CONTACT:
request for OMB approval. All contact: Otis Simpson at 1–888–912–
Requests for additional information or 1227 or 202–317–3332, TAP Office,
copies of the regulation should be comments will become a matter of
public record. Comments are invited on: 1111 Constitution Avenue NW., Room
directed to Martha R. Brinson, Internal 1509—National Office, Washington, DC
Revenue Service, Room 6129, 1111 (a) Whether the collection of
information is necessary for the proper 20224, or contact us at the Web site:
Constitution Avenue NW., Washington, http://www.improveirs.org.
DC 20224, or through the Internet at performance of the functions of the
The committee will be discussing
Martha.R.Brinson@irs.gov. agency, including whether the
various issues related to the Taxpayer
SUPPLEMENTARY INFORMATION: information shall have practical utility;
Assistance Centers and public input is
Title: Testimony or Production of (b) the accuracy of the agency’s estimate
welcomed.
Records in a Court or Other Proceeding. of the burden of the collection of
OMB Number: 1545–1850. information; (c) ways to enhance the Dated: March 8, 2016.
Form Number: TD 9178. quality, utility, and clarity of the Antoinette Ross,
Abstract: The final regulation replaces information to be collected; (d) ways to Acting Director, Taxpayer Advocacy Panel.
the existing regulation that establishes minimize the burden of the collection of [FR Doc. 2016–05740 Filed 3–14–16; 8:45 am]
the procedures to be followed by IRS information on respondents, including BILLING CODE 4830–01–P
officers and employees upon receipt of through the use of automated collection
a request or demand for disclosure of techniques or other forms of information
IRS records or information. The purpose DEPARTMENT OF THE TREASURY
technology; and (e) estimates of capital
of the final regulation is to provide
or start-up costs and costs of operation, Internal Revenue Service
specific instructions and to clarify the
asabaliauskas on DSK3SPTVN1PROD with NOTICES

maintenance, and purchase of services
circumstances under which more
specific procedures take precedence. to provide information. Proposed Collection; Comment
The final regulation extend the Approved: March 4, 2016. Request for Form 3468
application of the regulation to former Tuawana Pinkston, AGENCY: Internal Revenue Service (IRS),
IRS officers and employees as well as to IRS Reports Clearance Officer. Treasury.
persons who are or were under contract [FR Doc. 2016–05732 Filed 3–14–16; 8:45 am] ACTION: Notice and request for
to the IRS. The final regulation affect
BILLING CODE 4830–01–P comments.
current and former IRS officers,

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Document Created: 2016-03-15 04:07:36
Document Modified: 2016-03-15 04:07:36

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 May 16, 2016 to be assured of consideration.
Contact		Requests for additional information or copies of the form and instructions should be directed to Kerry Dennis, at Internal Revenue Service, Room 6129, 1111 Constitution Avenue NW., Washington, DC 20224, or through the internet, at [email protected]
FR Citation		81 FR 13877

81 FR 13877 - Proposed Collection; Comment Request for Form 8594

DEPARTMENT OF THE TREASURYInternal Revenue Service

Federal Register Volume 81, Issue 50 (March 15, 2016)

DEPARTMENT OF THE TREASURY
Internal Revenue Service