81_FR_2973 81 FR 2962 - Proposed Collection; Comment Request for Form 8824

81 FR 2962 - Proposed Collection; Comment Request for Form 8824

DEPARTMENT OF THE TREASURY
Internal Revenue Service

Federal Register Volume 81, Issue 11 (January 19, 2016)

Page Range2962-2963
FR Document2016-00776

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 8824, Like-Kind Exchanges.

Federal Register, Volume 81 Issue 11 (Tuesday, January 19, 2016)
[Federal Register Volume 81, Number 11 (Tuesday, January 19, 2016)]
[Notices]
[Pages 2962-2963]
From the Federal Register Online  [www.thefederalregister.org]
[FR Doc No: 2016-00776]


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DEPARTMENT OF THE TREASURY

Internal Revenue Service


Proposed Collection; Comment Request for Form 8824

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 8824, Like-Kind Exchanges.

DATES: Written comments should be received on or before March 21, 2016 
to be assured of consideration.

ADDRESSES: Direct all written comments to Michael Joplin, Internal 
Revenue Service, Room 6517, 1111 Constitution Avenue NW., Washington, 
DC 20224.

FOR FURTHER INFORMATION CONTACT: Requests for additional information or

[[Page 2963]]

copies of the form and instructions should be directed to LaNita Van 
Dyke at Internal Revenue Service, Room 6517, 1111 Constitution Avenue 
NW., Washington, DC 20224, or through the internet at 
[email protected].

SUPPLEMENTARY INFORMATION: 
    Title: Like-Kind Exchanges.
    OMB Number: 1545-1190.
    Form Number: 8824.
    Abstract: Form 8824 is used by individuals, corporations, 
partnerships, and other entities to report the exchange of business or 
investment property, and the deferral of gains from such transactions 
under Internal Revenue Code section 1031. It is also used to report the 
deferral of gain under Code section 1043 from conflict-of-interest 
sales by certain members of the executive branch of the Federal 
government.
    Current Actions: There are no changes being made to the form at 
this time.
    Type of Review: Extension of a currently approved collection.
    Affected Public: Individuals or households and business or other 
for-profit organizations.
    Estimated Number of Respondents: 53,490.
    Estimated Number of Respondent: 15 hours, 46 minutes.
    Estimated Total Annual Burden Hours: 834,979.
    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: January 7, 2016.
Michael Joplin,
IRS Clearance Officer.
[FR Doc. 2016-00776 Filed 1-15-16; 8:45 am]
 BILLING CODE 4830-01-P



                                                    2962                          Federal Register / Vol. 81, No. 11 / Tuesday, January 19, 2016 / Notices

                                                    PURPOSE:                                                that rely upon the compromised                           Alternatively, identity may be
                                                      OTS used this system to track                         information; and (c) the disclosure made               established by providing a notarized
                                                    individual complaints and to provide                    to such agencies, entities, and persons is             statement, swearing or affirming to an
                                                    information about each institution’s                    reasonably necessary to assist in                      individual’s identity, and to the fact that
                                                    compliance with regulatory                              connection with the Department’s                       the individual understands the penalties
                                                    requirements.                                           efforts to respond to the suspected or                 provided in 5 U.S.C. 552a(i)(3) for
                                                                                                            confirmed compromise and prevent,                      requesting or obtaining information
                                                    ROUTINE USES OF RECORDS MAINTAINED IN THE
                                                                                                            minimize, or remedy such harm.                         under false pretenses.
                                                    SYSTEM, INCLUDING CATEGORIES OF USERS AND
                                                    THE PURPOSE OF SUCH USES:
                                                                                                                                                                     Additional documentation
                                                                                                            POLICIES AND PRACTICES FOR STORING,
                                                                                                                                                                   establishing identity or qualification for
                                                       Information in these records may be                  RETRIEVING, ACCESSING, RETAINING, AND
                                                                                                            DISPOSING OF RECORDS IN THE SYSTEM:
                                                                                                                                                                   notification may be required, such as in
                                                    used to:                                                                                                       an instance where a legal guardian or
                                                       (1) Disclose information to officials of             STORAGE:                                               representative seeks notification on
                                                    regulated savings associations in                         Records are maintained in paper files                behalf of another individual.
                                                    connection with the investigation and                   and on electronic media.
                                                    resolution of complaints and inquiries;                                                                        RECORD ACCESS PROCEDURES:
                                                       (2) Make relevant information                        RETRIEVABILITY:                                          See ‘‘Notification Procedure’’ above.
                                                    available to appropriate law                              By name of individual, complaint
                                                    enforcement agencies or authorities in                  case number, savings association name,                 CONTESTING RECORD PROCEDURES:
                                                    connection with the investigation and/                  docket number, region complaint code,                    See ‘‘Notification Procedure’’ above.
                                                    or prosecution of alleged civil, criminal,              instrument code, source code, or by
                                                                                                                                                                   RECORD SOURCE CATEGORIES:
                                                    and administrative violations;                          some combination thereof.
                                                       (3) Disclose information to a                                                                                 Inquirer or complainant (or his or her
                                                    Congressional office in response to an                  SAFEGUARDS:                                            representative which may include a
                                                    inquiry made at the request of the                        Paper records are maintained in                      member of Congress or an attorney);
                                                    individual to whom the record pertains;                 locked file cabinets with access limited               savings association officials and
                                                       (4) Disclose information to other                    to those personnel whose official duties               employees; compliance/safety and
                                                    federal and nonfederal governmental                     require access. Access to computerized                 soundness examiner(s); and other
                                                    supervisory or regulatory authorities                   records is limited, through use of the                 supervisory records.
                                                    when the subject matter is within such                  system passwords, to those whose
                                                                                                                                                                   EXEMPTIONS CLAIMED FOR THE SYSTEM:
                                                    other agency’s jurisdiction;                            official duties require access.
                                                                                                                                                                     None.
                                                       (5) Disclose information in civil,                   RETENTION AND DISPOSAL:                                [FR Doc. 2016–00763 Filed 1–15–16; 8:45 am]
                                                    criminal, administrative or arbitration
                                                    proceedings before a court, magistrate,                   Active paper files are maintained                    BILLING CODE 4810–33–P

                                                    administrative or arbitration tribunal, in              until the case is closed. Closed files are
                                                    the course of pre-trial discovery,                      retained six (6) years then destroyed.
                                                                                                                                                                   DEPARTMENT OF THE TREASURY
                                                    motions, trial, appellate review, or in                 SYSTEM MANAGER AND ADDRESS:
                                                    settlement negotiations, when OTS, the                    Ombudsman, Office of the                             Internal Revenue Service
                                                    Director of OTS, an OTS employee, the                   Comptroller of the Currency, 400
                                                    Department of the Treasury, the                         Seventh Street SW., Suite 3E–218,                      Proposed Collection; Comment
                                                    Secretary of the Treasury, or the United                Washington, DC 20219.                                  Request for Form 8824
                                                    States is a party or has an interest in or
                                                                                                            NOTIFICATION PROCEDURE:                                AGENCY: Internal Revenue Service (IRS),
                                                    is likely to be affected by such
                                                                                                               An individual wishing to be notified                Treasury.
                                                    proceeding and an OCC attorney
                                                    determines that the information is                      if he or she is named in non-exempt                    ACTION: Notice and request for
                                                    arguably relevant to that proceeding;                   records maintained in this system must                 comments.
                                                       (6) Disclose relevant information to                 submit a written request to the Freedom                SUMMARY:   The Department of the
                                                    the Department of Justice, private                      of Information Act Officer,                            Treasury, as part of its continuing effort
                                                    counsel, or an insurance carrier for the                Communications Division, Office of the                 to reduce paperwork and respondent
                                                    purpose of defending an action or                       Comptroller of the Currency, 400                       burden, invites the general public and
                                                    seeking legal advice, to assure that the                Seventh Street SW., Suite 3E–218,                      other Federal agencies to take this
                                                    agency and its employees receive                        Washington, DC 20219–0001. See 31                      opportunity to comment on proposed
                                                    appropriate representation in legal                     CFR part 1, subpart C, Appendix J.                     and/or continuing information
                                                    proceedings; or                                            Identification Requirements: An
                                                                                                                                                                   collections, as required by the
                                                       (7) Disclose information to the                      individual seeking notification through
                                                                                                                                                                   Paperwork Reduction Act of 1995,
                                                    appropriate agencies, entities, and                     the mail must establish his or her
                                                                                                                                                                   Public Law 104–13(44 U.S.C.
                                                    persons when: (a) The Department                        identity by providing a signature and an
                                                                                                                                                                   3506(c)(2)(A)). Currently, the IRS is
                                                    suspects or has confirmed that the                      address as well as one other identifier
                                                                                                                                                                   soliciting comments concerning Form
                                                    security or confidentiality of                          bearing the individual’s name and
                                                                                                                                                                   8824, Like-Kind Exchanges.
                                                    information in the system of records has                signature (such as a photocopy of a
                                                    been compromised; (b) the Department                    driver’s license or other official                     DATES: Written comments should be
asabaliauskas on DSK5VPTVN1PROD with NOTICES




                                                    has determined that as a result of the                  document). An individual seeking                       received on or before March 21, 2016 to
                                                    suspected or confirmed compromise                       notification in person must establish his              be assured of consideration.
                                                    there is a risk of harm to economic or                  or her identity by providing proof in the              ADDRESSES: Direct all written comments
                                                    property interests, identity theft or                   form of a single official document                     to Michael Joplin, Internal Revenue
                                                    fraud, or harm to the security or                       bearing a photograph (such as a passport               Service, Room 6517, 1111 Constitution
                                                    integrity of this system or other systems               or identification badge) or two items of               Avenue NW., Washington, DC 20224.
                                                    or programs (whether maintained by the                  identification that bear both a name and               FOR FURTHER INFORMATION CONTACT:
                                                    Department or another agency or entity)                 signature.                                             Requests for additional information or


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                                                                                  Federal Register / Vol. 81, No. 11 / Tuesday, January 19, 2016 / Notices                                                  2963

                                                    copies of the form and instructions                     through the use of automated collection                This notice also provides a procedure
                                                    should be directed to LaNita Van Dyke                   techniques or other forms of information               whereby the developer of computer
                                                    at Internal Revenue Service, Room 6517,                 technology; and (e) estimates of capital               software may certify to the Internal
                                                    1111 Constitution Avenue NW.,                           or start-up costs and costs of operation,              Revenue Service that the software is
                                                    Washington, DC 20224, or through the                    maintenance, and purchase of services                  acceptable for use in calculating energy
                                                    internet at Lanita.VanDyke@irs.gov.                     to provide information.                                and power consumption for purposes of
                                                    SUPPLEMENTARY INFORMATION:                                Approved: January 7, 2016.                           § 179D of the Code.
                                                       Title: Like-Kind Exchanges.                          Michael Joplin,                                           Current Actions: There is no change
                                                       OMB Number: 1545–1190.                               IRS Clearance Officer.                                 in the paperwork burden previously
                                                       Form Number: 8824.                                   [FR Doc. 2016–00776 Filed 1–15–16; 8:45 am]            approved by OMB.
                                                       Abstract: Form 8824 is used by                                                                                 Type of Review: Extension of a
                                                                                                            BILLING CODE 4830–01–P
                                                    individuals, corporations, partnerships,                                                                       currently approved collection.
                                                    and other entities to report the exchange
                                                    of business or investment property, and                                                                           Affected Public: Individuals or
                                                                                                            DEPARTMENT OF THE TREASURY                             households, Businesses and other for-
                                                    the deferral of gains from such
                                                    transactions under Internal Revenue                                                                            profit organizations.
                                                                                                            Internal Revenue Service
                                                    Code section 1031. It is also used to                                                                             Estimated Number of Respondents:
                                                    report the deferral of gain under Code                  Proposed Collection; Comment                           21,767.
                                                    section 1043 from conflict-of-interest                  Request for Notice 2006–52                                Estimated Time per Respondent: 1 hr.,
                                                    sales by certain members of the                                                                                40 min.
                                                                                                            AGENCY: Internal Revenue Service (IRS),
                                                    executive branch of the Federal
                                                                                                            Treasury.                                                 Estimated Total Annual Burden
                                                    government.
                                                                                                            ACTION: Notice and request for                         Hours: 3,761.
                                                       Current Actions: There are no changes
                                                    being made to the form at this time.                    comments.                                                 The following paragraph applies to all
                                                       Type of Review: Extension of a                                                                              of the collections of information covered
                                                                                                            SUMMARY:    The Department of the                      by this notice:
                                                    currently approved collection.                          Treasury, as part of its continuing effort
                                                       Affected Public: Individuals or                      to reduce paperwork and respondent                        An agency may not conduct or
                                                    households and business or other for-                   burden, invites the general public and                 sponsor, and a person is not required to
                                                    profit organizations.                                   other Federal agencies to take this                    respond to, a collection of information
                                                       Estimated Number of Respondents:                     opportunity to comment on proposed                     unless the collection of information
                                                    53,490.                                                 and/or continuing information                          displays a valid OMB control number.
                                                       Estimated Number of Respondent: 15                   collections, as required by the                        Books or records relating to a collection
                                                    hours, 46 minutes.                                      Paperwork Reduction Act of 1995,                       of information must be retained as long
                                                       Estimated Total Annual Burden                        Public Law 104–13(44 U.S.C.                            as their contents may become material
                                                    Hours: 834,979.                                         3506(c)(2)(A)). Currently, the IRS is                  in the administration of any internal
                                                       The following paragraph applies to all               soliciting comments concerning Notice                  revenue law. Generally, tax returns and
                                                    of the collections of information covered               2006–52, Deduction for Energy Efficient                tax return information are confidential,
                                                    by this notice:                                         Commercial Buildings.                                  as required by 26 U.S.C. 6103.
                                                       An agency may not conduct or                                                                                   Request For Comments: Comments
                                                                                                            DATES: Written comments should be
                                                    sponsor, and a person is not required to                                                                       submitted in response to this notice will
                                                                                                            received on or before March 21, 2016 to
                                                    respond to, a collection of information                                                                        be summarized and/or included in the
                                                                                                            be assured of consideration.
                                                    unless the collection of information                                                                           request for OMB approval. All
                                                    displays a valid OMB control number.                    ADDRESSES: Direct all written comments
                                                                                                            to Michael Joplin, Internal Revenue                    comments will become a matter of
                                                    Books or records relating to a collection                                                                      public record. Comments are invited on:
                                                    of information must be retained as long                 Service, Room 6517, 1111 Constitution
                                                                                                            Avenue NW., Washington, DC.                            (a) Whether the collection of
                                                    as their contents may become material                                                                          information is necessary for the proper
                                                    in the administration of any internal                   FOR FURTHER INFORMATION CONTACT:
                                                                                                                                                                   performance of the functions of the
                                                    revenue law. Generally, tax returns and                 Requests for additional information or                 agency, including whether the
                                                    tax return information are confidential,                copies of the Notice should be directed                information shall have practical utility;
                                                    as required by 26 U.S.C. 6103.                          to LaNita Van Dyke, Internal Revenue                   (b) the accuracy of the agency’s estimate
                                                       Request for Comments: Comments                       Service, Room 6517, 1111 Constitution                  of the burden of the collection of
                                                    submitted in response to this notice will               Avenue NW., Washington, DC 20224, or                   information; (c) ways to enhance the
                                                    be summarized and/or included in the                    through the internet at                                quality, utility, and clarity of the
                                                    request for OMB approval. All                           Lanita.VanDyke@irs.gov.                                information to be collected; (d) ways to
                                                    comments will become a matter of                        SUPPLEMENTARY INFORMATION: Currently,                  minimize the burden of the collection of
                                                    public record. Comments are invited on:                 the IRS is seeking comments concerning                 information on respondents, including
                                                    (a) Whether the collection of                           the following information collection                   through the use of automated collection
                                                    information is necessary for the proper                 tools, reporting, and record-keeping                   techniques or other forms of information
                                                    performance of the functions of the                     requirements:                                          technology; and (e) estimates of capital
                                                    agency, including whether the                              Title: Deduction for Energy Efficient
asabaliauskas on DSK5VPTVN1PROD with NOTICES




                                                                                                                                                                   or start-up costs and costs of operation,
                                                    information shall have practical utility;               Commercial Buildings.                                  maintenance, and purchase of services
                                                    (b) the accuracy of the agency’s estimate                  OMB Number: 1545–2004.                              to provide information.
                                                    of the burden of the collection of                         Form Number: Notice 2006–52.
                                                    information; (c) ways to enhance the                       Abstract: This notice sets forth a                    Approved: January 7, 2016.
                                                    quality, utility, and clarity of the                    process that allows the owner of energy                Michael Joplin,
                                                    information to be collected; (d) ways to                efficient commercial building property                 IRS Reports Clearance Officer.
                                                    minimize the burden of the collection of                to certify that the property satisfies the             [FR Doc. 2016–00775 Filed 1–15–16; 8:45 am]
                                                    information on respondents, including                   requirements of § 179D(c)(1) and (d).                  BILLING CODE 4830–01–P




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Document Created: 2016-01-16 01:10:35
Document Modified: 2016-01-16 01:10:35
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 March 21, 2016 to be assured of consideration.
ContactRequests for additional information or copies of the form and instructions should be directed to LaNita Van Dyke at Internal Revenue Service, Room 6517, 1111 Constitution Avenue NW., Washington, DC 20224, or through the internet at [email protected]
FR Citation81 FR 2962 

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