81_FR_35925 81 FR 35818 - Proposed Collection; Comment Request for Regulation Project

81 FR 35818 - Proposed Collection; Comment Request for Regulation Project

DEPARTMENT OF THE TREASURY
Internal Revenue Service

Federal Register Volume 81, Issue 107 (June 3, 2016)

Page Range35818-35818
FR Document2016-13092

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 TD 9633, Limitations on Duplication of Net Built-in Losses.

Federal Register, Volume 81 Issue 107 (Friday, June 3, 2016) 
[Federal Register Volume 81, Number 107 (Friday, June 3, 2016)]
[Notices]
[Page 35818]
From the Federal Register Online  [www.thefederalregister.org]
[FR Doc No: 2016-13092]


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

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 TD 
9633, Limitations on Duplication of Net Built-in Losses.

DATES: Written comments should be received on or before August 2, 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 this regulation should be directed to Martha R. Brinson, 
Internal Revenue Service, Room 6526, 1111 Constitution Avenue NW., 
Washington, DC 20224, or through the Internet at 
[email protected].

SUPPLEMENTARY INFORMATION: 
    Title: Limitations on Duplication of Net Built-in Losses.
    OMB Number: 1545-2247.
    Regulation Project Number: TD 9633.
    Abstract: These regulations will provide guidance for applying 26 
U.S.C. 362(e)(2), relating to the limitation on transfer of built-in 
losses.
    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 Time per Respondents: 100,000.
    Estimated Time per Respondent: 45 minutes.
    Estimated Total Annual Burden Hours: 75,000.
    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.
    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 24, 2016.
Tuawana Pinkston,
IRS Reports Clearance Officer.
[FR Doc. 2016-13092 Filed 6-2-16; 8:45 am]
 BILLING CODE 4830-01-P

35818 Federal Register / Vol. 81, No. 107 / Friday, June 3, 2016 / Notices Loan documents representing 100 Estimated Time per Respondents: other Federal agencies to take this percent of such Eligible CDFI’s Bond 100,000. opportunity to comment on proposed Loan proceeds allocated for Secondary Estimated Time per Respondent: 45 and/or continuing information Loans? minutes. collections, as required by the Authority: 12 CFR part 1808. Estimated Total Annual Burden Paperwork Reduction Act of 1995, Hours: 75,000. Public Law 104–13 (44 U.S.C. Mary Ann Donovan, The following paragraph applies to all 3506(c)(2)(A)). Currently, the IRS is Director, Community Development Financial of the collections of information covered soliciting comments concerning netting Institutions Fund. by this notice: rule for certain conversion transactions. [FR Doc. 2016–13123 Filed 6–2–16; 8:45 am] An agency may not conduct or DATES: Written comments should be BILLING CODE 4810–70–P sponsor, and a person is not required to received on or before August 2, 2016 to respond to, a collection of information be assured of consideration. unless the collection of information DEPARTMENT OF THE TREASURY ADDRESSES: Direct all written comments displays a valid OMB control number. to Tuawana Pinkston, Internal Revenue Books or records relating to a collection Internal Revenue Service Service, Room 6526, 1111 Constitution of information must be retained as long Avenue NW., Washington, DC 20224. as their contents may become material Proposed Collection; Comment FOR FURTHER INFORMATION CONTACT: in the administration of any internal Request for Regulation Project Requests for additional information or revenue law. Generally, tax returns and AGENCY: Internal Revenue Service (IRS), tax return information are confidential, copies of the information collection Treasury. as required by 26 U.S.C. 6103. should be directed to Allan Hopkins, at ACTION: Notice and request for Request for Comments: Comments Internal Revenue Service, Room 6129, comments. submitted in response to this notice will 1111 Constitution Avenue NW., be summarized and/or included in the Washington, DC 20224, or through the SUMMARY: The Department of the request for OMB approval. All internet, at Allan.M.Hopkins@irs.gov. Treasury, as part of its continuing effort comments will become a matter of SUPPLEMENTARY INFORMATION: to reduce paperwork and respondent public record. Title: Regulations Under Section 1258 burden, invites the general public and Comments are invited on: (a) Whether of the Internal Revenue Code of 1986; other Federal agencies to take this the collection of information is Netting Rule for Certain Conversion opportunity to comment on proposed necessary for the proper performance of Transactions. and/or continuing information the functions of the agency, including OMB Number: 1545–1452. collections, as required by the whether the information shall have Regulation Project Number: FI–43–94. Paperwork Reduction Act of 1995, practical utility; (b) the accuracy of the Abstract: Internal Revenue Code Public Law 104–13 (44 U.S.C. agency’s estimate of the burden of the section 1258 recharacterizes capital 3506(c)(2)(A)). Currently, the IRS is collection of information; (c) ways to gains from conversion transactions as soliciting comments concerning TD enhance the quality, utility, and clarity ordinary income to the extent of the 9633, Limitations on Duplication of Net of the information to be collected; (d) time value element. This regulation Built-in Losses. ways to minimize the burden of the provides that certain gains and losses DATES: Written comments should be collection of information on may be netted for purposes of received on or before August 2, 2016 to respondents, including through the use determining the amount of gain be assured of consideration. of automated collection techniques or recharacterized. To be eligible for ADDRESSES: Direct all written comments other forms of information technology; netting relief, the taxpayer must identify to Tuawana Pinkston, Internal Revenue and (e) estimates of capital or start-up on its books and records all the Service, Room 6526, 1111 Constitution costs and costs of operation, positions that are part of the conversion Avenue NW., Washington, DC 20224. maintenance, and purchase of services transaction. This must be done before FOR FURTHER INFORMATION CONTACT: to provide information. the close of the day on which the Requests for additional information or positions become part of the conversion Approved: May 24, 2016. copies of this regulation should be transaction. Tuawana Pinkston, Current Actions: There is no change to directed to Martha R. Brinson, Internal IRS Reports Clearance Officer. this existing regulation. Revenue Service, Room 6526, 1111 Constitution Avenue NW., Washington, [FR Doc. 2016–13092 Filed 6–2–16; 8:45 am] Type of Review: Extension of a DC 20224, or through the Internet at BILLING CODE 4830–01–P currently approved collection. Martha.R.Brinson@irs.gov. Affected Public: Business or other for- SUPPLEMENTARY INFORMATION: profit organizations, and not-for-profit DEPARTMENT OF THE TREASURY institutions. Title: Limitations on Duplication of Net Built-in Losses. Estimated Number of Respondents: Internal Revenue Service 50,000. OMB Number: 1545–2247. Regulation Project Number: TD 9633. Estimated Time per Respondent: 6 Proposed Collection; Comment Abstract: These regulations will minutes. Request for Regulation Project Estimated Total Annual Burden provide guidance for applying 26 U.S.C. 362(e)(2), relating to the limitation on AGENCY: Internal Revenue Service (IRS), Hours: 5,000. The following paragraph applies to all mstockstill on DSK3G9T082PROD with NOTICES transfer of built-in losses. Treasury. Current Actions: There is no change ACTION: Notice and request for of the collections of information covered in the paperwork burden previously comments. by this notice: approved by OMB. An agency may not conduct or Type of Review: Extension of a SUMMARY: The Department of the sponsor, and a person is not required to currently approved collection. Treasury, as part of its continuing effort respond to, a collection of information Affected Public: Business or other for- to reduce paperwork and respondent unless the collection of information profit organizations. burden, invites the general public and displays a valid OMB control number. VerDate Sep<11>2014 21:20 Jun 02, 2016 Jkt 238001 PO 00000 Frm 00086 Fmt 4703 Sfmt 4703 E:\FR\FM\03JNN1.SGM 03JNN1


Document Created: 2018-02-08 07:29:30
Document Modified: 2018-02-08 07:29:30
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 August 2, 2016 to be assured of consideration.
ContactRequests for additional information or copies of this regulation should be directed to Martha R. Brinson, Internal Revenue Service, Room 6526, 1111 Constitution Avenue NW., Washington, DC 20224, or through the Internet at [email protected]
FR Citation81 FR 35818 
2025 Federal Register | Disclaimer | Privacy Policy
USC | CFR | eCFR