81 FR 31305 - Proposed Collection; Comment Request for Regulation Project

DEPARTMENT OF THE TREASURY
Internal Revenue Service

Federal Register Volume 81, Issue 96 (May 18, 2016)

Page Range		31305-31306
FR Document		2016-11649

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 source of income from certain space and ocean activities; source of communications income.

Federal Register, Volume 81 Issue 96 (Wednesday, May 18, 2016)

[Federal Register Volume 81, Number 96 (Wednesday, May 18, 2016)]
[Notices]
[Pages 31305-31306]
From the Federal Register Online  [www.thefederalregister.org]
[FR Doc No: 2016-11649]


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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 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 
source of income from certain space and ocean activities; source of 
communications income.

DATES: Written comments should be received on or before July 18, 2016 
to be assured of consideration.

ADDRESSES: Direct all written comments to Tuawana Pinkston, Internal 
Revenue Service, room 6528, 1111 Constitution Avenue NW., Washington, 
DC 20224.

FOR FURTHER INFORMATION CONTACT: Requests for additional information or 
copies of the regulation should be directed to R. Joseph Durbala at 
Internal Revenue Service, room 6129, 1111 Constitution Avenue NW., 
Washington, DC 20224, or at (202) 317-5746, or through the internet at 
RJoseph.Durbala@irs.gov.

SUPPLEMENTARY INFORMATION: 
    Title: Source of Income from Certain Space and Ocean Activities; 
Source of Communications Income.
    OMB Number: 1545-1718.
    Regulation Project Number: TD 9305.
    Abstract: TD 9305 contains final regulations under section 863(d) 
governing the source of income from certain space and ocean activities. 
The final regulations primarily affect persons who derive income from 
activities conducted in space, or on or under water not within the 
jurisdiction of a foreign country, possession of the United States, or 
the United States (in international water). The final regulations also 
affect persons who derive income from transmission of communications.
    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/Recordkeepers: 250.
    Estimated Average Time Per Respondent/Recordkeeper: 5 hours.
    Estimated Total Annual Reporting/Recordkeeping Hours: 1,250.
    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

[[Page 31306]]

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: May 11, 2016.
R. Joseph Durbala,
IRS Tax Analyst.
[FR Doc. 2016-11649 Filed 5-17-16; 8:45 am]
 BILLING CODE 4830-01-P

Federal Register / Vol. 81, No. 96 / Wednesday, May 18, 2016 / Notices 31305

Determination for Debt Instruments and The following paragraph applies to all soliciting comments concerning source
Options; of the collections of information covered of income from certain space and ocean
T.D. 9713—Basis Reporting by by this notice: activities; source of communications
Securities Brokers and Basis An agency may not conduct or income.
Determination for Debt Instruments and sponsor, and a person is not required to DATES: Written comments should be
Options; respond to, a collection of information received on or before July 18, 2016 to be
T.D. 9750—Basis and Transfer unless the collection of information assured of consideration.
Reporting by Securities Brokers for Debt displays a valid OMB control number.
ADDRESSES: Direct all written comments
Instruments and Options. Books or records relating to a collection
to Tuawana Pinkston, Internal Revenue
OMB Number: 1545–2186. of information must be retained as long
Service, room 6528, 1111 Constitution
as their contents may become material
Regulation Project Number: REG– Avenue NW., Washington, DC 20224.
in the administration of any internal
101896–09, REG–102988–11, REG– FOR FURTHER INFORMATION CONTACT:
revenue law. Generally, tax returns and
154563–12, and REG–143040–14. Requests for additional information or
tax return information are confidential,
Abstract: The final regulations under as required by 26 U.S.C. 6103. copies of the regulation should be
section 6045 provide rules on basis Request for Comments: Comments directed to R. Joseph Durbala at Internal
reporting by brokers for transactions submitted in response to this notice will Revenue Service, room 6129, 1111
involving covered securities, including be summarized and/or included in the Constitution Avenue NW., Washington,
debt instruments and options. The final request for OMB approval. All DC 20224, or at (202) 317–5746, or
regulations under section 6045A comments will become a matter of through the internet at
provide reporting rules that apply upon public record. Comments are invited on: RJoseph.Durbala@irs.gov.
a transfer of a covered security from one (a) Whether the collection of SUPPLEMENTARY INFORMATION:
broker to another broker. These final information is necessary for the proper Title: Source of Income from Certain
regulations under sections 6045 and performance of the functions of the Space and Ocean Activities; Source of
6045A reflect changes in the law made agency, including whether the Communications Income.
by the Energy Improvement and OMB Number: 1545–1718.
information shall have practical utility; Regulation Project Number: TD 9305.
Extension Act of 2008, Division B of (b) the accuracy of the agency’s estimate
Public Law 110–343 (122 Stat. 3765, Abstract: TD 9305 contains final
of the burden of the collection of regulations under section 863(d)
3854 (2008)), that require brokers when information; (c) ways to enhance the
reporting the sale of a covered security governing the source of income from
quality, utility, and clarity of the certain space and ocean activities. The
to the IRS to include the customer’s information to be collected; (d) ways to
adjusted basis in the sold securities and final regulations primarily affect
minimize the burden of the collection of persons who derive income from
to classify any gain or loss as long-term information on respondents, including
or short-term. The information collected activities conducted in space, or on or
through the use of automated collection under water not within the jurisdiction
for covered securities under § 1.6045–1, techniques or other forms of information
including § 1.6045–1(c)(3)(xi)(C) of a foreign country, possession of the
technology; and (e) estimates of capital United States, or the United States (in
(relating to short sales), and § 1.6045A– or start-up costs and costs of operation, international water). The final
1 allows a broker who effects a sale of maintenance, and purchase of services regulations also affect persons who
a transferred covered security, including to provide information. derive income from transmission of
a debt instrument or option, to
Approved: May 3, 2016. communications.
determine and report the adjusted basis Current Actions: There is no change to
of the security and whether any gain or Tuawana Pinkston,
IRS Supervisory Tax Analyst. these existing regulations.
loss with respect to the sale is ordinary Type of Review: Extension of a
(for certain debt instruments), long- [FR Doc. 2016–11656 Filed 5–17–16; 8:45 am]
currently approved collection.
term, or short-term in compliance with BILLING CODE 4830–01–P Affected Public: Business or other for-
section 6045(g) of the Internal Revenue profit organizations.
Code. The information collected under Estimated Number of Respondents/
§ 1.6045–1(n)(5) relates to information DEPARTMENT OF THE TREASURY Recordkeepers: 250.
required to be reported by the holder of Estimated Average Time Per
a debt instrument to a broker for certain Internal Revenue Service
Respondent/Recordkeeper: 5 hours.
holder elections that affect how the debt Proposed Collection; Comment Estimated Total Annual Reporting/
instrument’s basis is computed, which Request for Regulation Project Recordkeeping Hours: 1,250.
will enable the broker to comply with The following paragraph applies to all
its reporting obligations under section AGENCY: Internal Revenue Service (IRS), of the collections of information covered
6045(g). Treasury. by this notice:
Current Actions: There are changes to ACTION: Notice and request for An agency may not conduct or
these existing regulations. comments. sponsor, and a person is not required to
respond to, a collection of information
Type of Review: Revision of a SUMMARY: The Department of the unless the collection of information
currently approved collection. Treasury, as part of its continuing effort displays a valid OMB control number.
Affected Public: Businesses or other to reduce paperwork and respondent Books or records relating to a collection
for-profit institutions and individuals or burden, invites the general public and of information must be retained as long
sradovich on DSK3TPTVN1PROD with NOTICES

households. other Federal agencies to take this as their contents may become material
Estimated Number of Respondents: opportunity to comment on proposed in the administration of any internal
79,000. and/or continuing information revenue law. Generally, tax returns and
Estimated Total Annual Responses: collections, as required by the tax return information are confidential,
11,211,500. Paperwork Reduction Act of 1995, as required by 26 U.S.C. 6103.
Estimated Total Burden Hours: Public Law 104–13 (44 U.S.C. Request for Comments: Comments
694,750. 3506(c)(2)(A)). Currently, the IRS is submitted in response to this notice will

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31306 Federal Register / Vol. 81, No. 96 / Wednesday, May 18, 2016 / Notices

be summarized and/or included in the Washington, DC 20224, or through the Approved: May 10, 2016.
request for OMB approval. All Internet at RJoseph.Durbala@irs.gov. R. Joseph Durbala,
comments will become a matter of SUPPLEMENTARY INFORMATION: Tax Analyst, IRS.
public record. Comments are invited on: Title: Interest Charge on DISC-Related [FR Doc. 2016–11665 Filed 5–17–16; 8:45 am]
(a) Whether the collection of Deferred Tax Liability. BILLING CODE 4830–01–P
information is necessary for the proper OMB Number: 1545–0939.
performance of the functions of the Form Number: 8404.
agency, including whether the Abstract: Shareholders of Interest DEPARTMENT OF THE TREASURY
information shall have practical utility; Charge Domestic International Sales
(b) the accuracy of the agency’s estimate Corporations (IC–DISCs) use Form 8404 Internal Revenue Service
of the burden of the collection of to figure and report an interest charge
information; (c) ways to enhance the on their DISC-related deferred tax Proposed Collection; Comment
quality, utility, and clarity of the liability. The interest charge is required Request for Form 2439
information to be collected; (d) ways to by Internal Revenue Code section 995(f).
AGENCY: Internal Revenue Service (IRS),
minimize the burden of the collection of IRS uses Form 8404 to determine
Treasury.
information on respondents, including whether the shareholder has correctly
figured and paid the interest charge on ACTION: Notice and request for
through the use of automated collection
techniques or other forms of information a timely basis. comments.
technology; and (e) estimates of capital Current Actions: There are no changes
SUMMARY: The Department of the
or start-up costs and costs of operation, being made to the form at this time.
Type of Review: Extension of a Treasury, as part of its continuing effort
maintenance, and purchase of services to reduce paperwork and respondent
to provide information. currently approved collection.
Affected Public: Businesses or other burden, invites the general public and
Approved: May 11, 2016. for-profit organizations and individuals. other Federal agencies to take this
R. Joseph Durbala, Estimated Number of Responses: opportunity to comment on proposed
IRS Tax Analyst. 2,000. and/or continuing information
[FR Doc. 2016–11649 Filed 5–17–16; 8:45 am] Estimated Time per Response: 7 hrs., collections, as required by the
BILLING CODE 4830–01–P 47 min. Paperwork Reduction Act of 1995,
Estimated Total Annual Burden Public Law 104–13(44 U.S.C.
Hours: 15,580. 3506(c)(2)(A)). Currently, the IRS is
DEPARTMENT OF THE TREASURY The following paragraph applies to all soliciting comments concerning Form
of the collections of information covered 2439, Notice to Shareholder of
Internal Revenue Service by this notice: Undistributed Long-Term Capital Gains.
An agency may not conduct or DATES: Written comments should be
Proposed Collection; Comment sponsor, and a person is not required to received on or before July 18, 2016 to be
Request for Form 8404 respond to, a collection of information assured of consideration.
unless the collection of information ADDRESSES: Direct all written comments
AGENCY: Internal Revenue Service (IRS),
displays a valid OMB control number. to Tuawana Pinkston, Internal Revenue
Treasury.
Books or records relating to a collection Service, room 6526, 1111 Constitution
ACTION: Notice and request for of information must be retained as long
comments. Avenue NW., Washington, DC 20224.
as their contents may become material
in the administration of any internal FOR FURTHER INFORMATION CONTACT:
SUMMARY: The Department of the Requests for additional information or
Treasury, as part of its continuing effort revenue law. Generally, tax returns and
tax return information are confidential, copies of the form and instructions
to reduce paperwork and respondent should be directed to R. Joseph Durbala,
burden, invites the general public and as required by 26 U.S.C. 6103.
Request for Comments: Comments at (202) 317–5746, or at Internal
other Federal agencies to take this Revenue Service, Room 6129, 1111
opportunity to comment on proposed submitted in response to this notice will
be summarized and/or included in the Constitution Avenue NW., Washington,
and/or continuing information DC 20224, or through the internet, at
collections, as required by the request for OMB approval. All
comments will become a matter of RJoseph.Durbala@irs.gov.
Paperwork Reduction Act of 1995,
public record. Comments are invited on: SUPPLEMENTARY INFORMATION:
Public Law 104–13 (44 U.S.C.
(a) Whether the collection of Title: Notice to Shareholder of
3506(c)(2)(A)). Currently, the IRS is
information is necessary for the proper Undistributed Long-Term Capital Gains.
soliciting comments concerning Form
performance of the functions of the OMB Number: 1545–0145.
8404, Interest Charge on DISC-Related
agency, including whether the Form Number: 2439.
Deferred Tax Liability.
information shall have practical utility; Abstract: Form 2439 is used by
DATES: Written comments should be (b) the accuracy of the agency’s estimate regulated investment companies or real
received on or before July 18, 2016 to be of the burden of the collection of estate investment trusts to show
assured of consideration. information; (c) ways to enhance the shareholders the amount of tax paid on
ADDRESSES: Direct all written comments quality, utility, and clarity of the undistributed capital gains under
to Tuawana Pinkston, Internal Revenue information to be collected; (d) ways to section 852(b)(3)(D) or 857(b)(3)(D).
Service, Room 6528, 1111 Constitution minimize the burden of the collection of Current Actions: There are no changes
sradovich on DSK3TPTVN1PROD with NOTICES

Avenue NW., Washington, DC 20224. information on respondents, including being made to the form at this time.
FOR FURTHER INFORMATION CONTACT: through the use of automated collection Type of Review: Extension of a
Requests for additional information or techniques or other forms of information currently approved collection.
copies of the form and instructions technology; and (e) estimates of capital Affected Public: Business or other for-
should be directed to R. Joseph Durbala, or start-up costs and costs of operation, profit institutions.
Internal Revenue Service, Room 6129, maintenance, and purchase of services Estimated Number of Respondents:
1111 Constitution Avenue NW., to provide information. 6,275.

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Document Created: 2016-05-18 00:06:02
Document Modified: 2016-05-18 00:06:02

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 July 18, 2016 to be assured of consideration.
Contact		Requests for additional information or copies of the regulation should be directed to R. Joseph Durbala at Internal Revenue Service, room 6129, 1111 Constitution Avenue NW., Washington, DC 20224, or at (202) 317-5746, or through the internet at [email protected]
FR Citation		81 FR 31305

81 FR 31305 - Proposed Collection; Comment Request for Regulation Project

DEPARTMENT OF THE TREASURYInternal Revenue Service

Federal Register Volume 81, Issue 96 (May 18, 2016)

DEPARTMENT OF THE TREASURY
Internal Revenue Service