81_FR_44218 81 FR 44089 - Proposed Collection; Comment Request for Regulation Project

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 Range44089-44089
FR Document2016-15894

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]


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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.

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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 
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


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Document Created: 2016-07-06 07:56:05
Document Modified: 2016-07-06 07:56:05
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 September 6, 2016 to be assured of consideration.
ContactRequests 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 Citation81 FR 44089 

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