81 FR 19714 - Proposed Collection; Comment Request for Regulation Project

DEPARTMENT OF THE TREASURY
Internal Revenue Service

Federal Register Volume 81, Issue 65 (April 5, 2016)

Page Range		19714-19714
FR Document		2016-07812

The Department of the Treasury, as part of its 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 Definition of Contribution in Aid of Construction Under Section 118(c)(Sec. 1.118- 2).

Federal Register, Volume 81 Issue 65 (Tuesday, April 5, 2016)

[Federal Register Volume 81, Number 65 (Tuesday, April 5, 2016)]
[Notices]
[Page 19714]
From the Federal Register Online  [www.thefederalregister.org]
[FR Doc No: 2016-07812]


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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 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 Definition of 
Contribution in Aid of Construction Under Section 118(c)(Sec.  1.118-
2).

DATES: Written comments should be received on or before June 6, 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 copies of the regulation 
should be directed to Allan Hopkins, at Internal Revenue Service, Room 
6129, 1111 Constitution Avenue NW., Washington, DC 20224, or through 
the internet at [email protected].

SUPPLEMENTARY INFORMATION: 
    Title: Definition of Contribution in Aid of Construction Under 
Section 118(c).
    OMB Number: 1545-1639.
    Regulation Project Number: REG-106012-98 (TD 8936)
    Abstract: This regulation provides guidance with respect to section 
118(c), which provides that a contribution in aid of construction 
received by a regulated public water or sewage utility is treated as a 
contribution to the capital of the utility and excluded from gross 
income.
    Current Actions: There is no change to these existing regulations.
    Type of Review: Extension of a currently approved collection.
    Affected Public: Business or other for-profit organizations.
    Estimated Number of Respondents: 300.
    Estimated Average Time per Respondent: 1 hour.
    Estimated Total Annual Reporting Hours: 300.
    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 30, 2016.
Allan Hopkins,
Tax Analyst.
[FR Doc. 2016-07812 Filed 4-4-16; 8:45 am]
BILLING CODE 4830-01-P

19714 Federal Register / Vol. 81, No. 65 / Tuesday, April 5, 2016 / Notices

OMB Number: 1545–1701. technology; and (e) estimates of capital Type of Review: Extension of a
Revenue Procedure Number: Revenue or start-up costs and costs of operation, currently approved collection.
Procedure 2000–37 (modified by RP maintenance, and purchase of services Affected Public: Business or other for-
2004–51). to provide information. profit organizations.
Abstract: Revenue Procedure 2000–37 Approved: March 10, 2016. Estimated Number of Respondents:
provides a safe harbor for reverse like- 300.
Tuawana Pinkston,
kind exchanges in which a transaction Estimated Average Time per
IRS Reports Clearance Officer.
using a ‘‘qualified exchange Respondent: 1 hour.
accommodation arrangement’’ will [FR Doc. 2016–07757 Filed 4–4–16; 8:45 am]
BILLING CODE 4830–01–P Estimated Total Annual Reporting
qualify for non-recognition treatment
Hours: 300.
under section 1031 of the Internal
Revenue Code. Revenue Procedure The following paragraph applies to all
2004–51 modifies sections 1 and 4 of DEPARTMENT OF THE TREASURY of the collections of information covered
Rev. Proc. 2000–37, 2000–2 C.B. 308, to by this notice:
Internal Revenue Service An agency may not conduct or
provide that Rev. Proc. 2000–37 does
not apply if the taxpayer owns the sponsor, and a person is not required to
Proposed Collection; Comment
property intended to qualify as respond to, a collection of information
Request for Regulation Project
replacement property before initiating a unless the collection of information
qualified exchange accommodation AGENCY: Internal Revenue Service (IRS), displays a valid OMB control number.
arrangement (QEAA). Treasury. Books or records relating to a collection
Current Actions: There are no changes ACTION: Notice and request for of information must be retained as long
being made to the burden previously comments. as their contents may become material
approved by OMB. in the administration of any internal
SUMMARY: The Department of the revenue law. Generally, tax returns and
Type of Review: Extension of a
Treasury, as part of its effort to reduce tax return information are confidential,
currently approved collection.
Affected Public: Individuals or paperwork and respondent burden, as required by 26 U.S.C. 6103.
households, business or other for-profit invites the general public and other Request for Comments: Comments
Federal agencies to take this submitted in response to this notice will
organizations, and farms.
Estimated Number of Respondents: opportunity to comment on proposed be summarized and/or included in the
1,600. and/or continuing information request for OMB approval. All
Estimated Time per Respondent: 2 collections, as required by the comments will become a matter of
hours. Paperwork Reduction Act of 1995,
public record. Comments are invited on:
Estimated Total Annual Burden Public Law 104–13 (44 U.S.C.
(a) Whether the collection of
Hours: 3,200. 3506(c)(2)(A)). Currently, the IRS is
information is necessary for the proper
The following paragraph applies to all soliciting comments concerning
performance of the functions of the
of the collections of information covered Definition of Contribution in Aid of
agency, including whether the
by this notice: Construction Under Section
information shall have practical utility;
An agency may not conduct or 118(c)(§ 1.118–2).
(b) the accuracy of the agency’s estimate
sponsor, and a person is not required to DATES: Written comments should be of the burden of the collection of
respond to, a collection of information received on or before June 6, 2016 to be information; (c) ways to enhance the
unless the collection of information assured of consideration. quality, utility, and clarity of the
displays a valid OMB control number. ADDRESSES: Direct all written comments information to be collected; (d) ways to
Books or records relating to a collection to Tuawana Pinkston, Internal Revenue minimize the burden of the collection of
of information must be retained as long Service, Room 6526, 1111 Constitution information on respondents, including
as their contents may become material Avenue NW., Washington, DC 20224. through the use of automated collection
in the administration of any internal FOR FURTHER INFORMATION CONTACT: techniques or other forms of information
revenue law. Generally, tax returns and Requests for copies of the regulation technology; and (e) estimates of capital
tax return information are confidential, should be directed to Allan Hopkins, at or start-up costs and costs of operation,
as required by 26 U.S.C. 6103. Internal Revenue Service, Room 6129, maintenance, and purchase of services
Request for Comments: Comments 1111 Constitution Avenue NW., to provide information.
submitted in response to this notice will Washington, DC 20224, or through the
be summarized and/or included in the Approved: March 30, 2016.
internet at Allan.M.Hopkins@irs.gov.
request for OMB approval. All Allan Hopkins,
SUPPLEMENTARY INFORMATION:
comments will become a matter of Tax Analyst.
Title: Definition of Contribution in
public record. Comments are invited on: Aid of Construction Under Section [FR Doc. 2016–07812 Filed 4–4–16; 8:45 am]
(a) Whether the collection of 118(c). BILLING CODE 4830–01–P
information is necessary for the proper OMB Number: 1545–1639.
performance of the functions of the Regulation Project Number: REG–
agency, including whether the 106012–98 (TD 8936) DEPARTMENT OF THE TREASURY
information shall have practical utility; Abstract: This regulation provides
(b) the accuracy of the agency’s estimate guidance with respect to section 118(c), Internal Revenue Service
asabaliauskas on DSK3SPTVN1PROD with NOTICES

of the burden of the collection of which provides that a contribution in Proposed Collection; Comment
information; (c) ways to enhance the aid of construction received by a Request for Form 706–GS(T)
quality, utility, and clarity of the regulated public water or sewage utility
information to be collected; (d) ways to is treated as a contribution to the capital AGENCY: Internal Revenue Service (IRS),
minimize the burden of the collection of of the utility and excluded from gross Treasury.
information on respondents, including income. ACTION: Notice and request for
through the use of automated collection Current Actions: There is no change to
comments.
techniques or other forms of information these existing regulations.

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Document Created: 2018-02-07 13:53:37
Document Modified: 2018-02-07 13:53:37

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 June 6, 2016 to be assured of consideration.
Contact		Requests for copies of the regulation should be directed to Allan Hopkins, at Internal Revenue Service, Room 6129, 1111 Constitution Avenue NW., Washington, DC 20224, or through the internet at [email protected]
FR Citation		81 FR 19714

81 FR 19714 - Proposed Collection; Comment Request for Regulation Project

DEPARTMENT OF THE TREASURYInternal Revenue Service

Federal Register Volume 81, Issue 65 (April 5, 2016)

DEPARTMENT OF THE TREASURY
Internal Revenue Service