81 FR 34436 - Proposed Collection; Comment Request for Information Collection Tools

DEPARTMENT OF THE TREASURY
Internal Revenue Service

Federal Register Volume 81, Issue 104 (May 31, 2016)

Page Range		34436-34437
FR Document		2016-12660

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 Revenue Procedure 98-46 and Revenue Procedure 97-44, LIFO Conformity Requirement.

Federal Register, Volume 81 Issue 104 (Tuesday, May 31, 2016)

[Federal Register Volume 81, Number 104 (Tuesday, May 31, 2016)]
[Notices]
[Pages 34436-34437]
From the Federal Register Online  [www.thefederalregister.org]
[FR Doc No: 2016-12660]


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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.

-----------------------------------------------------------------------

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 
Revenue Procedure 98-46 and Revenue Procedure 97-44, LIFO Conformity 
Requirement.

DATES: Written comments should be received on or before August 1, 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 6526, 1111 Constitution Avenue NW., 
Washington, DC 20224, or through the internet at 
[email protected].

SUPPLEMENTARY INFORMATION: 
    Title: LIFO Conformity Requirement.
    OMB Number: 1545-1559.
    Form Number: Revenue Procedure 98-46 and Revenue Procedure 97-44.
    Abstract: Revenue Procedure 97-44 permits automobile dealers that 
comply with the terms of the revenue procedure to continue using the 
LIFO inventory method despite previous violations of the LIFO 
conformity requirements of Internal Revenue Code section 472(c) or 
(e)(2). Revenue Procedure 98-46 modified Revenue Procedure 97-44 by 
allowing medium-and heavy-duty truck dealers to take advantage of the 
favorable relief provided in Revenue Procedure 97-44.
    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: 5,000.
    Estimated Time Per Respondent: 20 hrs.
    Estimated Total Annual Burden Hours: 100,000.
    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.

[[Page 34437]]

    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: May 17, 2016.
Tuawana Pinkston,
IRS Reports Clearance Officer.
[FR Doc. 2016-12660 Filed 5-27-16; 8:45 am]
 BILLING CODE 4830-01-P

34436 Federal Register / Vol. 81, No. 104 / Tuesday, May 31, 2016 / Notices

you consider confidential or utilization of minority-and women- collections, as required by the
inappropriate for public disclosure. owned businesses and to provide Paperwork Reduction Act of 1995,
FOR FURTHER INFORMATION CONTACT: effective technical assistance to these Public Law 104–13(44 U.S.C.
Shaquita Merritt, OCC Clearance businesses, the OCC developed an on- 3506(c)(2)(A)). Currently, the IRS is
Officer, (202) 649–5490 or, for persons going system to collect up-to-date soliciting comments concerning
who are deaf or hard of hearing, TTY, contact information and capabilities Revenue Procedure 98–46 and Revenue
(202) 649–5597, Legislative and statements from potential suppliers. Procedure 97–44, LIFO Conformity
Regulatory Activities Division, Office of This information allows the OCC to Requirement.
the Comptroller of the Currency, 400 7th update and enhance its internal DATES: Written comments should be
Street SW., Suite 3E–218, Mail Stop database of interested minority- and received on or before August 1, 2016 to
9W–11, Washington, DC 20219. women-owned businesses. This be assured of consideration.
SUPPLEMENTARY INFORMATION: Under the information also allows the OCC to ADDRESSES: Direct all written comments
PRA (44 U.S.C. 3501–3520), Federal measure the effectiveness of its to Tuawana Pinkston, Internal Revenue
agencies must obtain approval from the technical assistance and outreach efforts Service, Room 6526, 1111 Constitution
OMB for each collection of information and to target areas where additional Avenue NW., Washington, DC 20224.
that they conduct or sponsor. outreach efforts are necessary. FOR FURTHER INFORMATION CONTACT:
‘‘Collection of information’’ is defined Comments submitted in response to
Requests for additional information or
in 44 U.S.C. 3502(3) and 5 CFR this notice will be summarized and/or
copies of the collection tools should be
1320.3(c) to include agency requests or included in the request for OMB
directed to LaNita Van Dyke, Internal
requirements that members of the public approval. The OCC invites comment on: Revenue Service, room 6526, 1111
submit reports, keep records, or provide (a) Whether the collection of
Constitution Avenue NW., Washington,
information to a third party. Section information is necessary for the proper
DC 20224, or through the internet at
3506(c)(2)(A) of the PRA (44 U.S.C. performance of the functions of the
Lanita.VanDyke@irs.gov.
3506(c)(2)(A)) requires Federal agencies OCC, including whether the information
SUPPLEMENTARY INFORMATION:
to provide a 60-day notice in the shall have practical utility;
Title: LIFO Conformity Requirement.
(b) The accuracy of the OCC’s
Federal Register concerning each OMB Number: 1545–1559.
estimate of the burden of the collection Form Number: Revenue Procedure
proposed collection of information
of information; 98–46 and Revenue Procedure 97–44.
before submitting the collection to OMB
(c) Ways to enhance the quality, Abstract: Revenue Procedure 97–44
for approval. To comply with this
utility, and clarity of the information to permits automobile dealers that comply
requirement, the OCC is publishing
be collected; with the terms of the revenue procedure
notice of the proposed collection of
(d) Ways to minimize the burden of to continue using the LIFO inventory
information set forth in this document.
the collection of information on method despite previous violations of
The OCC is proposing to extend OMB respondents, including through the use
approval of the following information the LIFO conformity requirements of
of automated collection techniques or Internal Revenue Code section 472(c) or
collection: other forms of information technology,
Title: OCC Supplier Registration (e)(2). Revenue Procedure 98–46
and modified Revenue Procedure 97–44 by
Form. (e) Estimates of capital or start-up
OMB Number: 1557–0316. allowing medium-and heavy-duty truck
costs and costs of operation, dealers to take advantage of the
Frequency of Response: On occasion. maintenance, and purchase of services
Affected Public: Business or other for- favorable relief provided in Revenue
to provide information. Procedure 97–44.
profit.
Dated: May 25, 2016. Current Actions: There is no change
Estimated Number of Respondents:
Mary Hoyle Gottlieb, in the paperwork burden previously
200.
Regulatory Specialist, Legislative and approved by OMB.
Estimated Burden Hours Per
Regulatory Activities Division. Type of Review: Extension of a
Response: 10 minutes. currently approved collection.
Estimated Total Annual Burden [FR Doc. 2016–12786 Filed 5–27–16; 8:45 am]
Affected Public: Business or other for-
Hours: 33 hours. BILLING CODE 4810–33–P
profit organizations.
Abstract: Section 342 of the Dodd- Estimated Number of Respondents:
Frank Wall Street Reform and Consumer 5,000.
Protection Act (Dodd-Frank) requires DEPARTMENT OF THE TREASURY Estimated Time Per Respondent: 20
the OCC to develop and implement hrs.
standards and procedures to ensure, to Internal Revenue Service
Estimated Total Annual Burden
the maximum extent possible, the fair Proposed Collection; Comment Hours: 100,000.
inclusion and utilization of minorities, Request for Information Collection The following paragraph applies to all
women, and minority-owned and Tools of the collections of information covered
women-owned businesses in all by this notice:
business and activities of the agency at AGENCY: Internal Revenue Service (IRS), An agency may not conduct or
all levels, including procurement, Treasury. sponsor, and a person is not required to
insurance, and all types of contracts 1 ACTION: Notice and request for respond to, a collection of information
and to develop standards for comments. unless the collection of information
displays a valid OMB control number.
sradovich on DSK3TPTVN1PROD with NOTICES

coordinating technical assistance to
such businesses.2 SUMMARY: The Department of the Books or records relating to a collection
In order to comply with the Treasury, as part of its continuing effort of information must be retained as long
Congressional mandate to develop to reduce paperwork and respondent as their contents may become material
standards for the fair inclusion and burden, invites the general public and in the administration of any internal
other Federal agencies to take this revenue law. Generally, tax returns and
1 12 U.S.C. 5452(c)(1). opportunity to comment on proposed tax return information are confidential,
2 12 U.S.C. 5452(b)(2)(B). and/or continuing information as required by 26 U.S.C. 6103.

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Federal Register / Vol. 81, No. 104 / Tuesday, May 31, 2016 / Notices 34437

Request For Comments: Comments Revenue Service, Room 6526, 1111 or start-up costs and costs of operation,
submitted in response to this notice will Constitution Avenue NW., Washington, maintenance, and purchase of services
be summarized and/or included in the DC 20224, or at (202)622–3634, or to provide information.
request for OMB approval. All through the Internet at Approved: May 17, 2016.
comments will become a matter of Lanita.VanDyke@irs.gov. Tuawana Pinkston,
public record. Comments are invited on: SUPPLEMENTARY INFORMATION: IRS Reports Clearance Officer.
(a) Whether the collection of Title: Public Inspection of Exempt [FR Doc. 2016–12659 Filed 5–27–16; 8:45 am]
information is necessary for the proper Organization Return.
performance of the functions of the BILLING CODE 4830–01–P
OMB Number: 1545–0742.
agency, including whether the Form Number: EE–111–80 (TD 8019—
information shall have practical utility; Final). DEPARTMENT OF THE TREASURY
(b) the accuracy of the agency’s estimate Abstract: Section 6104(b) authorizes
of the burden of the collection of the Service to make available to the Submission for OMB Review;
information; (c) ways to enhance the public the returns required to be filed by Comment Request
quality, utility, and clarity of the exempt organizations. The information
information to be collected; (d) ways to requested in Treasury Reg. section May 25, 2016.
minimize the burden of the collection of 301.6104(b)–1 (b)(4) is necessary in SUMMARY: The Department of the
information on respondents, including order for the Service not to disclose Treasury will submit the following
through the use of automated collection confidential business information information collection request to the
techniques or other forms of information furnished by businesses which Office of Management and Budget
technology; and (e) estimates of capital contribute to exempt black lung trusts. (OMB) for review and clearance in
or start-up costs and costs of operation, Current Actions: There are no changes accordance with the Paperwork
maintenance, and purchase of services being made at this time. Reduction Act of 1995, Public Law 104–
to provide information. Type of Review: Extension of a 13, on or after the date of publication of
Approved: May 17, 2016. currently approved collection. this notice.
Tuawana Pinkston, Affected Public: Businesses and other DATES: Comments should be received on
IRS Reports Clearance Officer. for-profits. or before June 30, 2016 to be assured of
Estimated Number of Respondents: consideration.
[FR Doc. 2016–12660 Filed 5–27–16; 8:45 am]
22. ADDRESSES: Send comments regarding
BILLING CODE 4830–01–P
Estimated Time per Respondent: 1 hr. the burden estimates, or any other
Estimated Total Annual Reporting aspect of the information collection,
DEPARTMENT OF THE TREASURY Burden hours: 22. including suggestions for reducing the
The following paragraph applies to all burden, to (1) Office of Information and
Internal Revenue Service of the collections of information covered Regulatory Affairs, Office of
by this notice: Management and Budget, Attention:
Proposed Collection; Comment An agency may not conduct or Desk Officer for Treasury, New
Request for Information Collection sponsor, and a person is not required to Executive Office Building, Room 10235,
tools respond to, a collection of information Washington, DC 20503, or email at
unless the collection of information OIRA_Submission@OMB.EOP.gov and
AGENCY: Internal Revenue Service (IRS),
displays a valid OMB control number. (2) Treasury PRA Clearance Officer,
Treasury.
Books or records relating to a collection 1750 Pennsylvania Ave. NW., Suite
ACTION: Notice and request for of information must be retained as long 8117, Washington, DC 20220, or email
comments. as their contents may become material at PRA@treasury.gov.
SUMMARY: The Department of the in the administration of any internal FOR FURTHER INFORMATION CONTACT:
Treasury, as part of its continuing effort revenue law. Generally, tax returns and Copies of the submission may be
to reduce paperwork and respondent tax return information are confidential, obtained by emailing PRA@treasury.gov,
burden, invites the general public and as required by 26 U.S.C. 6103. calling (202) 622–1295, or viewing the
other Federal agencies to take this Request for Comments: Comments entire information collection request at
opportunity to comment on proposed submitted in response to this notice will www.reginfo.gov.
and/or continuing information be summarized and/or included in the
request for OMB approval. All Departmental Offices
collections, as required by the
Paperwork Reduction Act of 1995, comments will become a matter of OMB Control Number: 1505–0168.
Public Law 104–13 (44 U.S.C. public record. Comments are invited on: Type of Review: Revision of a
3506(c)(2)(A)). Currently, the IRS is (a) Whether the collection of currently approved collection.
soliciting comments concerning EE– information is necessary for the proper Title: Travel Service Provider and
111–80 (TD 8019—Final). performance of the functions of the Carrier Service Provider.
agency, including whether the Abstract: The information is required
DATES: Written comments should be
information shall have practical utility; of persons subject to the jurisdiction of
received on or before August 1, 2016 to (b) the accuracy of the agency’s estimate the United States who have been
be assured of consideration. of the burden of the collection of authorized by OFAC to provide travel
ADDRESSES: Direct all written comments information; (c) ways to enhance the and carrier services in connection with
sradovich on DSK3TPTVN1PROD with NOTICES

to Tuawana Pinkston, Internal Revenue quality, utility, and clarity of the travel-related transactions involving
Service, room 6526, 1111 Constitution information to be collected; (d) ways to Cuba pursuant to the general licenses in
Avenue NW., Washington, DC 20224. minimize the burden of the collection of section 515.572 of the Cuban Assets
FOR FURTHER INFORMATION CONTACT: information on respondents, including Control Regulations, 31 CFR part 515
Requests for additional information or through the use of automated collection (CACR). Persons providing services
copies of the collection tools should be techniques or other forms of information authorized pursuant to 31 CFR 515.572
directed to LaNita Van Dyke, Internal technology; and (e) estimates of capital are required to retain for at least five

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Document Created: 2016-05-28 03:57:44
Document Modified: 2016-05-28 03:57:44

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 August 1, 2016 to be assured of consideration.
Contact		Requests for additional information or copies of the collection tools should be directed to LaNita Van Dyke, Internal Revenue Service, room 6526, 1111 Constitution Avenue NW., Washington, DC 20224, or through the internet at [email protected]
FR Citation		81 FR 34436

81 FR 34436 - Proposed Collection; Comment Request for Information Collection Tools

DEPARTMENT OF THE TREASURYInternal Revenue Service

Federal Register Volume 81, Issue 104 (May 31, 2016)

DEPARTMENT OF THE TREASURY
Internal Revenue Service