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.

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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 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 
Lanita.VanDyke@irs.gov.

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 VerDate Sep<11>2014 17:50 Jan 15, 2016 Jkt 238001 PO 00000 Frm 00126 Fmt 4703 Sfmt 4703 E:\FR\FM\19JAN1.SGM 19JAN1

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 VerDate Sep<11>2014 17:50 Jan 15, 2016 Jkt 238001 PO 00000 Frm 00127 Fmt 4703 Sfmt 9990 E:\FR\FM\19JAN1.SGM 19JAN1


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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