81 FR 44089 - Proposed Collection; Comment Request for Regulation Project

DEPARTMENT OF THE TREASURY
Internal Revenue Service

Federal Register Volume 81, Issue 129 (July 6, 2016)

Page Range		44089-44089
FR Document		2016-15894

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 Regulations Governing Practice Before the Internal Revenue Service.

Federal Register, Volume 81 Issue 129 (Wednesday, July 6, 2016)

[Federal Register Volume 81, Number 129 (Wednesday, July 6, 2016)]
[Notices]
[Page 44089]
From the Federal Register Online  [www.thefederalregister.org]
[FR Doc No: 2016-15894]


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

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 
Regulations Governing Practice Before the Internal Revenue Service.

DATES: Written comments should be received on or before September 6, 
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 regulation should be directed to LaNita Van Dyke, or at 
Internal Revenue Service, Room 6526, 1111 Constitution Avenue NW., 
Washington, DC 20224, or through the internet at 
[email protected].

SUPPLEMENTARY INFORMATION: 
    Title: Regulations Governing Practice Before the Internal Revenue 
Service.
    OMB Number: 1545-1871.
    Regulation Project Number: REG-122379-02 (TD 9165).
    Abstract: These regulations will ensure that taxpayers are provided 
adequate information regarding the limits of tax shelter advice that 
they receive, and also ensure that practitioners properly advise 
taxpayers of relevant information with respect to tax shelter options.
    Current Actions: There is no change to this existing regulation.
    Type of Review: Extension of a currently approved collection.
    Affected Public: Business or other for-profit organizations, and 
individuals or households.
    Estimated Number of Respondents: 100,000.
    Estimated Time per Respondent: 8 minutes.
    Estimated Total Annual Burden Hours: 13,333.
    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: June 28, 2016.
Tuawana Pinkston,
IRS Reports Clearance Officer.
[FR Doc. 2016-15894 Filed 7-5-16; 8:45 am]
 BILLING CODE 4830-01-P

Federal Register / Vol. 81, No. 129 / Wednesday, July 6, 2016 / Notices 44089

be emailed to PromptPayment@ SUMMARY: The Department of the revenue law. Generally, tax returns and
fiscal.treasury.gov. Treasury, as part of its continuing effort tax return information are confidential,
Effective July 1, 2016, to
DATES: to reduce paperwork and respondent as required by 26 U.S.C. 6103.
December 31, 2016. burden, invites the general public and Request for Comments: Comments
other Federal agencies to take this submitted in response to this notice will
FOR FURTHER INFORMATION CONTACT:
opportunity to comment on proposed be summarized and/or included in the
Thomas M. Burnum, E-Commerce request for OMB approval. All
and/or continuing information
Division, (202) 874–6430; or Thomas comments will become a matter of
collections, as required by the
Kearns, Attorney-Advisor, Office of the public record. Comments are invited on:
Paperwork Reduction Act of 1995,
Chief Counsel, (202) 874–7036. (a) Whether the collection of
Public Law 104–13 (44 U.S.C.
SUPPLEMENTARY INFORMATION: An agency 3506(c)(2)(A)). Currently, the IRS is information is necessary for the proper
that has acquired property or service soliciting comments concerning performance of the functions of the
from a business concern and has failed Regulations Governing Practice Before agency, including whether the
to pay for the complete delivery of the Internal Revenue Service. information shall have practical utility;
property or service by the required DATES: Written comments should be (b) the accuracy of the agency’s estimate
payment date shall pay the business received on or before September 6, 2016 of the burden of the collection of
concern an interest penalty. 31 U.S.C. to be assured of consideration. information; (c) ways to enhance the
3902(a). The Contract Disputes Act of quality, utility, and clarity of the
ADDRESSES: Direct all written comments
1978, Sec. 12, Public Law 95–563, 92 information to be collected; (d) ways to
Stat. 2389, and the Prompt Payment Act, to Tuawana Pinkston, Internal Revenue
Service, Room 6526, 1111 Constitution minimize the burden of the collection of
31 U.S.C. 3902(a), provide for the information on respondents, including
calculation of interest due on claims at Avenue NW., Washington, DC 20224.
through the use of automated collection
the rate established by the Secretary of FOR FURTHER INFORMATION CONTACT:
techniques or other forms of information
the Treasury. Requests for additional information or
technology; and (e) estimates of capital
The Secretary of the Treasury has the copies of the regulation should be
or start-up costs and costs of operation,
authority to specify the rate by which directed to LaNita Van Dyke, or at
maintenance, and purchase of services
the interest shall be computed for Internal Revenue Service, Room 6526,
to provide information.
interest payments under section 12 of 1111 Constitution Avenue NW.,
Washington, DC 20224, or through the Approved: June 28, 2016.
the Contract Disputes Act of 1978 and
under the Prompt Payment Act. Under internet at Lanita.VanDyke@irs.gov. Tuawana Pinkston,
the Prompt Payment Act, if an interest SUPPLEMENTARY INFORMATION: IRS Reports Clearance Officer.
penalty is owed to a business concern, Title: Regulations Governing Practice [FR Doc. 2016–15894 Filed 7–5–16; 8:45 am]
the penalty shall be paid regardless of Before the Internal Revenue Service. BILLING CODE 4830–01–P
whether the business concern requested OMB Number: 1545–1871.
payment of such penalty. 31 U.S.C. Regulation Project Number: REG–
3902(c)(1). Agencies must pay the 122379–02 (TD 9165). DEPARTMENT OF THE TREASURY
interest penalty calculated with the Abstract: These regulations will
interest rate, which is in effect at the ensure that taxpayers are provided Internal Revenue Service
time the agency accrues the obligation adequate information regarding the
limits of tax shelter advice that they Proposed Collection; Comment
to pay a late payment interest penalty. Request for Form 1099–OID
31 U.S.C. 3902(a). ‘‘The interest penalty receive, and also ensure that
shall be paid for the period beginning practitioners properly advise taxpayers AGENCY: Internal Revenue Service (IRS),
on the day after the required payment of relevant information with respect to Treasury.
date and ending on the date on which tax shelter options. ACTION: Notice and request for
payment is made.’’ 31 U.S.C. 3902(b). Current Actions: There is no change to
comments.
Therefore, notice is given that the this existing regulation.
Secretary of the Treasury has Type of Review: Extension of a SUMMARY: The Department of the
determined that the rate of interest currently approved collection. Treasury, as part of its continuing effort
applicable for the period beginning July Affected Public: Business or other for- to reduce paperwork and respondent
1, 2016, and ending on December 31, profit organizations, and individuals or burden, invites the general public and
2016, is 17⁄8 per centum per annum. households. other Federal agencies to take this
Estimated Number of Respondents: opportunity to comment on proposed
David A. Lebryk, 100,000. and/or continuing information
Fiscal Assistant Secretary. Estimated Time per Respondent: 8 collections, as required by the
[FR Doc. 2016–16121 Filed 7–1–16; 4:15 pm] minutes. Paperwork Reduction Act of 1995,
BILLING CODE 4810–AS–P Estimated Total Annual Burden Public Law 104–13 (44 U.S.C.
Hours: 13,333. 3506(c)(2)(A)). Currently, the IRS is
The following paragraph applies to all soliciting comments concerning Form
DEPARTMENT OF THE TREASURY of the collections of information covered 1099–OID, Original Issue Discount.
by this notice:
Internal Revenue Service DATES: Written comments should be
An agency may not conduct or
sponsor, and a person is not required to received on or before September 6, 2016
Proposed Collection; Comment to be assured of consideration.
ehiers on DSK5VPTVN1PROD with NOTICES

respond to, a collection of information
Request for Regulation Project unless the collection of information ADDRESSES: Direct all written comments
displays a valid OMB control number. to Tuawana Pinkston, Internal Revenue
AGENCY: Internal Revenue Service (IRS),
Books or records relating to a collection Service, Room 6526, 1111 Constitution
Treasury.
of information must be retained as long Avenue NW., Washington, DC 20224.
ACTION: Notice and request for
as their contents may become material FOR FURTHER INFORMATION CONTACT:
comments.
in the administration of any internal Requests for additional information or

VerDate Sep<11>2014 15:04 Jul 05, 2016 Jkt 238001 PO 00000 Frm 00104 Fmt 4703 Sfmt 4703 E:\FR\FM\06JYN1.SGM 06JYN1

Document Created: 2016-07-06 07:56:05
Document Modified: 2016-07-06 07:56:05

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 September 6, 2016 to be assured of consideration.
Contact		Requests for additional information or copies of the regulation should be directed to LaNita Van Dyke, or at Internal Revenue Service, Room 6526, 1111 Constitution Avenue NW., Washington, DC 20224, or through the internet at [email protected]
FR Citation		81 FR 44089

81 FR 44089 - Proposed Collection; Comment Request for Regulation Project

DEPARTMENT OF THE TREASURYInternal Revenue Service

Federal Register Volume 81, Issue 129 (July 6, 2016)

DEPARTMENT OF THE TREASURY
Internal Revenue Service