81_FR_18753 81 FR 18691 - Proposed Collection; Comment Request for Information Collection Tools

81 FR 18691 - Proposed Collection; Comment Request for Information Collection Tools

DEPARTMENT OF THE TREASURY
Internal Revenue Service

Federal Register Volume 81, Issue 62 (March 31, 2016)

Page Range18691-18692
FR Document2016-07214

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 972, Consent of Shareholder To Include Specific Amount in Gross Income.

Federal Register, Volume 81 Issue 62 (Thursday, March 31, 2016) 
[Federal Register Volume 81, Number 62 (Thursday, March 31, 2016)]
[Notices]
[Pages 18691-18692]
From the Federal Register Online  [www.thefederalregister.org]
[FR Doc No: 2016-07214]


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DEPARTMENT OF THE TREASURY

Internal Revenue Service


Proposed Collection; Comment Request for Information Collection 
Tools

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 972, Consent of Shareholder To Include Specific Amount in Gross 
Income.

DATES: Written comments should be received on or before May 31, 2016 to 
be assured of consideration.

ADDRESSES: Direct all written comments to Tuawana Pinkston, Internal 
Revenue Service, Room 6526, 1111 Constitution Avenue NW., Washington, 
DC 20224.

FOR FURTHER INFORMATION CONTACT: Requests for additional information or 
copies of the collection tools should be directed to LaNita Van Dyke, 
Internal Revenue Service, Room 6517, 1111 Constitution Avenue NW., 
Washington, DC 20224, or through the Internet at 
[email protected].

SUPPLEMENTARY INFORMATION:
    Title: Consent of Shareholder To Include Specific Amount in Gross 
Income.
    OMB Number: 1545-0043.
    Form Number: 972.
    Abstract: Form 972 is filed by shareholders of corporations who 
agree to include a consent dividend in gross income as a taxable 
dividend. The IRS uses Form 972 as a check to see if an amended return 
is filed by the shareholder to include the amount in income and to 
determine if the corporation claimed the correct amount as a deduction 
on its tax return.
    Current Actions: There is no change in the paperwork burden 
previously approved by OMB.
    Type of Review: Extension of a currently approved collection.
    Affected Public: Business or other for-profit organizations.
    Estimated Number of Respondents: 100.
    Estimated Time per Respondent: 3 hrs, 51 min.
    Estimated Total Annual Burden Hours: 385.
    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 18692]]


    Approved: March 2, 2016.
Tuawana Pinkston,
IRS Reports Clearance Officer.
[FR Doc. 2016-07214 Filed 3-30-16; 8:45 am]
BILLING CODE 4830-01-P

Federal Register / Vol. 81, No. 62 / Thursday, March 31, 2016 / Notices 18691 The aforementioned changes will Approved: March 24, 2016. uses Form 972 as a check to see if an generate a decrease in burden by 20,000 Tuawana Pinkston, amended return is filed by the hours and decrease the estimated IRS, Reports Clearance Officer. shareholder to include the amount in number of filers by 16,000 per year. The [FR Doc. 2016–07217 Filed 3–30–16; 8:45 am] income and to determine if the paper submission of this form will BILLING CODE 4830–01–P corporation claimed the correct amount generate 500 responses and 208 burden as a deduction on its tax return. hours per year. Current Actions: There is no change Type of Review: Revision of a DEPARTMENT OF THE TREASURY in the paperwork burden previously currently approved collection. approved by OMB. Affected Public: Business or other for- Internal Revenue Service Type of Review: Extension of a profit organizations, individuals and currently approved collection. households, not-for profit institutions, Proposed Collection; Comment Affected Public: Business or other for- and farms. Request for Information Collection profit organizations. Estimated Number of Respondents: Tools Estimated Number of Respondents: 806,500. AGENCY: Internal Revenue Service (IRS), 100. Estimated Time per Respondent: 23 Treasury. Estimated Time per Respondent: 3 minutes. ACTION: Notice and request for hrs, 51 min. Estimated Total Annual Burden comments. Estimated Total Annual Burden Hours: 320,208. Hours: 385. The following paragraph applies to all SUMMARY: The Department of the The following paragraph applies to all of the collections of information covered Treasury, as part of its continuing effort of the collections of information covered by this notice: to reduce paperwork and respondent by this notice: An agency may not conduct or burden, invites the general public and An agency may not conduct or sponsor, and a person is not required to other Federal agencies to take this sponsor, and a person is not required to respond to, a collection of information opportunity to comment on proposed respond to, a collection of information unless the collection of information and/or continuing information unless the collection of information displays a valid OMB control number. collections, as required by the displays a valid OMB control number. Books or records relating to a collection Paperwork Reduction Act of 1995, Books or records relating to a collection of information must be retained as long Public Law 104–13 (44 U.S.C. of information must be retained as long as their contents may become material 3506(c)(2)(A)). Currently, the IRS is as their contents may become material in the administration of any internal soliciting comments concerning Form in the administration of any internal revenue law. Generally, tax returns and 972, Consent of Shareholder To Include revenue law. Generally, tax returns and tax return information are confidential, Specific Amount in Gross Income. tax return information are confidential, as required by 26 U.S.C. 6103. DATES: Written comments should be as required by 26 U.S.C. 6103. Request for Comments: Comments received on or before May 31, 2016 to Request For Comments: Comments submitted in response to this notice will be assured of consideration. submitted in response to this notice will be summarized and/or included in the ADDRESSES: Direct all written comments be summarized and/or included in the request for OMB approval. All to Tuawana Pinkston, Internal Revenue request for OMB approval. All comments will become a matter of Service, Room 6526, 1111 Constitution comments will become a matter of public record. Comments are invited on: Avenue NW., Washington, DC 20224. public record. Comments are invited on: (a) Whether the collection of FOR FURTHER INFORMATION CONTACT: (a) Whether the collection of information is necessary for the proper Requests for additional information or information is necessary for the proper performance of the functions of the copies of the collection tools should be performance of the functions of the agency, including whether the directed to LaNita Van Dyke, Internal agency, including whether the information shall have practical utility; Revenue Service, Room 6517, 1111 information shall have practical utility; (b) the accuracy of the agency’s estimate Constitution Avenue NW., Washington, (b) the accuracy of the agency’s estimate of the burden of the collection of DC 20224, or through the Internet at of the burden of the collection of information; (c) ways to enhance the Lanita.VanDyke@irs.gov. information; (c) ways to enhance the quality, utility, and clarity of the SUPPLEMENTARY INFORMATION: quality, utility, and clarity of the information to be collected; (d) ways to Title: Consent of Shareholder To information to be collected; (d) ways to mstockstill on DSK4VPTVN1PROD with NOTICES minimize the burden of the collection of Include Specific Amount in Gross minimize the burden of the collection of information on respondents, including Income. information on respondents, including through the use of automated collection OMB Number: 1545–0043. through the use of automated collection techniques or other forms of information Form Number: 972. techniques or other forms of information technology; and (e) estimates of capital Abstract: Form 972 is filed by technology; and (e) estimates of capital or start-up costs and costs of operation, shareholders of corporations who agree or start-up costs and costs of operation, maintenance, and purchase of services to include a consent dividend in gross maintenance, and purchase of services EN31MR16.012</GPH> to provide information. income as a taxable dividend. The IRS to provide information. VerDate Sep<11>2014 19:09 Mar 30, 2016 Jkt 238001 PO 00000 Frm 00128 Fmt 4703 Sfmt 4703 E:\FR\FM\31MRN1.SGM 31MRN1

18692 Federal Register / Vol. 81, No. 62 / Thursday, March 31, 2016 / Notices Approved: March 2, 2016. request for Office of Management and Estimated Time per Respondent: 2 Tuawana Pinkston, Budget (OMB) approval of the relevant hours. IRS Reports Clearance Officer. information collection. All comments Estimated Total Annual Burden [FR Doc. 2016–07214 Filed 3–30–16; 8:45 am] will become a matter of public record. Hours: 1,000 hours. BILLING CODE 4830–01–P Please do not include any confidential The following paragraph applies to all or inappropriate material in your of the collections of information covered comments. by this notice: An agency may not DEPARTMENT OF THE TREASURY We invite comments on: (a) Whether conduct or sponsor, and a person is not the collection of information is required to respond to a collection of Internal Revenue Service necessary for the proper performance of information, unless the collection of the agency’s functions, including information displays a valid OMB Proposed Information Collection; whether the information has practical control number. Comment Request utility; (b) the accuracy of the agency’s Approved: March 15, 2016. AGENCY: Internal Revenue Service (IRS), estimate of the burden of the collection Tuawana Pinkston, Treasury. of information; (c) ways to enhance the IRS Reports Clearance Officer. quality, utility, and clarity of the ACTION: Notice and request for [FR Doc. 2016–07218 Filed 3–30–16; 8:45 am] information to be collected; (d) ways to comments. minimize the burden of the collection of BILLING CODE 4830–01–P SUMMARY: The Department of the information on respondents, including Treasury, as part of its continuing effort the use of automated collection DEPARTMENT OF THE TREASURY to reduce paperwork and respondent techniques or other forms of information burden, invites the general public and technology; and (e) estimates of capital Submission for OMB Review; other Federal agencies to take this or start-up costs and costs of operation, Comment Request opportunity to comment on proposed/ maintenance, and purchase of services and or continuing information to provide the requested information. March 28, 2016. collections, as required by the The Department of the Treasury will Information Collections Open for Paperwork Reduction Act of 1995, submit the following information Comment Public Law 104–13 (44 U.S.C collection requests to the Office of Currently, the IRS is seeking Management and Budget (OMB) for 3506(c)(2)(A)). comments concerning the following review and clearance in accordance DATES: Written comments should be forms, and reporting and record-keeping with the Paperwork Reduction Act of received on or before May 31, 2016 to requirements: 1995, Public Law 104–13, on or after the be assured of consideration. Title: REG 143544–04—Regulations date of publication of this notice. ADDRESSES: Direct all written comments Enabling Elections for Certain DATES: Comments should be received on to Tuawana Pinkston, Internal Revenue Transactions under Section 336(e). or before May 2, 2016 to be assured of Service, Room 6526, 1111 Constitution OMB Number: 1545–2125. Abstract: This document contains consideration. Avenue NW., Washington, DC 20224. ADDRESSES: Send comments regarding Please send separate comments for final regulations that provide guidance under section 336(e) of the Internal the burden estimates, or any other each specific information collection Revenue Code (Code) which authorizes aspect of the information collections, listed below. You must reference the the issuance of regulations under which including suggestions for reducing the information collection’s title, form a corporation (seller) that owns stock in burden, to (1) Office of Information and number, reporting or record-keeping another corporation (target) meeting the Regulatory Affairs, Office of requirement number, and OMB number requirements of section 1504(a)(2), and Management and Budget, Attention: (if any) in your comment. that sells, exchanges, or distributes all of Desk Officer for Treasury, New FOR FURTHER INFORMATION CONTACT: To Executive Office Building, Room 10235, such stock, may make an election to obtain additional information, or copies Washington, DC 20503, or email at treat the sale, exchange, or distribution of the information collection and OIRA_Submission@OMB.EOP.gov and of target stock as a sale of all of target’s instructions, or copies of any comments (2) Treasury PRA Clearance Officer, underlying assets. Section 336(e) was received, contact LaNita Van Dyke at 1750 Pennsylvania Ave. NW., Suite enacted as part of the legislation Internal Revenue Service, Room 6517, 8117, Washington, DC 20220, or email repealing the General Utilities rule and, 1111 Constitution Avenue NW., at PRA@treasury.gov. like an election under section Washington, DC 20224, or through the FOR FURTHER INFORMATION CONTACT: 338(h)(10), is meant to provide internet, at Lanita.VanDyke@irs.gov. Copies of the submissions may be taxpayers relief from a potential SUPPLEMENTARY INFORMATION: The multiple taxation at the corporate level obtained by emailing PRA@treasury.gov, Department of the Treasury and the of the same economic gain which can calling (202) 622–1295, or viewing the Internal Revenue Service, as part of result when a transfer of appreciated entire information collection request at their continuing effort to reduce corporate stock is taxed to a corporation www.reginfo.gov. paperwork and respondent burden, without providing a corresponding step- invite the general public and other Alcohol and Tobacco Tax and Trade up in the basis of the assets of the Bureau (TTB) Federal agencies to take this corporation. mstockstill on DSK4VPTVN1PROD with NOTICES opportunity to comment on the Current Actions: Final Regulations. OMB Number: 1513–0002. proposed or continuing information Type of Review: Extension of a Type of Review: Revision of a collections listed below in this notice, currently approved collection. currently approved collection. as required by the Paperwork Reduction Affected Public: Individuals and Title: Personnel Questionnaire— Act of 1995, (44 U.S.C. 3501 et seq.). households, business or other for-profit Alcohol and Tobacco Products. Request for Comments: Comments institutions. Abstract: The information collected submitted in response to this notice will Estimated Number of Respondents: on TTB F 5000.9 enables TTB to be summarized and/or included in our 500. determine whether or not an applicant VerDate Sep<11>2014 19:09 Mar 30, 2016 Jkt 238001 PO 00000 Frm 00129 Fmt 4703 Sfmt 4703 E:\FR\FM\31MRN1.SGM 31MRN1


Document Created: 2016-03-31 00:55:15
Document Modified: 2016-03-31 00:55:15
CategoryRegulatory Information
CollectionFederal Register
sudoc ClassAE 2.7:
GS 4.107:
AE 2.106:
PublisherOffice of the Federal Register, National Archives and Records Administration
SectionNotices
ActionNotice and request for comments.
DatesWritten comments should be received on or before May 31, 2016 to be assured of consideration.
ContactRequests for additional information or copies of the collection tools should be directed to LaNita Van Dyke, Internal Revenue Service, Room 6517, 1111 Constitution Avenue NW., Washington, DC 20224, or through the Internet at [email protected]
FR Citation81 FR 18691 
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