81 FR 44092 - Proposed Collection; Comment Request for Form T (Timber).

DEPARTMENT OF THE TREASURY
Internal Revenue Service

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

Page Range		44092-44093
FR Document		2016-15897

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 Form T (Timber), Forest Activities Schedule

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

[Federal Register Volume 81, Number 129 (Wednesday, July 6, 2016)]
[Notices]
[Pages 44092-44093]
From the Federal Register Online  [www.thefederalregister.org]
[FR Doc No: 2016-15897]


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

DEPARTMENT OF THE TREASURY

Internal Revenue Service


Proposed Collection; Comment Request for Form T (Timber).

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,

[[Page 44093]]

Public Law 104-13 (44 U.S.C. 3506(c)(2)(A)). Currently, the IRS is 
soliciting comments concerning Form T (Timber), Forest Activities 
Schedule

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 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: Currently, the IRS is seeking comments 
concerning the following information collection tools, reporting, and 
record-keeping requirements:
    Title: Forest Activities Schedule.
    OMB Number: 1545-0007.
    Form Number: Form T (Timber).
    Abstract: Form T (Timber) is filed by individuals and corporations 
to report income and deductions from the operation of a timber 
business. The IRS uses Form T (Timber) to determine if the correct 
amount of income and deductions are reported.
    Current Actions: There are no changes to the previously approved 
burden of this existing collection.
    Type of Review: Extension of a currently approved collection.
    Affected Public: Individuals or households, Businesses or other 
for-profit organizations.
    Estimated Number of Respondents: 37,000.
    Estimated Time per Respondent: 36 hrs., 11 min.
    Estimated Total Annual Burden Hours: 446,208.
    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. 2016-15897 Filed 7-5-16; 8:45 am]
 BILLING CODE 4830-01-P

44092 Federal Register / Vol. 81, No. 129 / Wednesday, July 6, 2016 / Notices

on audit to determine the taxpayer’s DEPARTMENT OF THE TREASURY Estimated Total Annual Reporting
entitlement to a deduction. The Burden hours: 800.
respondents include taxpayers who Internal Revenue Service The following paragraph applies to all
engage in certain transactions involving of the collections of information covered
Proposed Collection; Comment by this notice:
the acquisition of a trade or business or
Request for Information Collection An agency may not conduct or
an ownership interest in a legal entity. Tools sponsor, and a person is not required to
Current Actions: There is no change respond to, a collection of information
in the paperwork burden previously AGENCY: Internal Revenue Service (IRS),
Treasury. unless the collection of information
approved by OMB. displays a valid OMB control number.
ACTION: Notice and request for
Type of Review: Extension of a comments. Books or records relating to a collection
currently approved collection. of information must be retained as long
Affected Public: Business or other for- SUMMARY: The Department of the as their contents may become material
Treasury, as part of its continuing effort in the administration of any internal
profit organizations.
to reduce paperwork and respondent revenue law. Generally, tax returns and
Estimated Number of Respondents: burden, invites the general public and tax return information are confidential,
3,000. other Federal agencies to take this as required by 26 U.S.C. 6103.
Estimated Time per Respondent: 1 hr. opportunity to comment on proposed Request for Comments: Comments
and/or continuing information submitted in response to this notice will
Estimated Total Annual Burden be summarized and/or included in the
collections, as required by the
Hours: 3,000. Paperwork Reduction Act of 1995, request for OMB approval. All
The following paragraph applies to all Public Law 104–13 (44 U.S.C. comments will become a matter of
of the collections of information covered 3506(c)(2)(A)). Currently, the IRS is public record. Comments are invited on:
by this notice: soliciting comments concerning an (a) Whether the collection of
An agency may not conduct or existing Revenue Procedure 2001–29, information is necessary for the proper
sponsor, and a person is not required to Leveraged Leases. performance of the functions of the
respond to, a collection of information DATES: Written comments should be agency, including whether the
received on or before September 6, 2016 information shall have practical utility;
unless the collection of information
to be assured of consideration. (b) the accuracy of the agency’s estimate
displays a valid OMB control number.
ADDRESSES: Direct all written comments of the burden of the collection of
Books or records relating to a collection
to Tuawana Pinkston, Internal Revenue information; (c) ways to enhance the
of information must be retained as long quality, utility, and clarity of the
as their contents may become material Service, Room 6526, 1111 Constitution
Avenue NW., Washington, DC 20224. information to be collected; (d) ways to
in the administration of any internal minimize the burden of the collection of
FOR FURTHER INFORMATION CONTACT:
revenue law. Generally, tax returns and information on respondents, including
tax return information are confidential, Requests for additional information or
copies of the collection tools should be through the use of automated collection
as required by 26 U.S.C. 6103. techniques or other forms of information
directed to LaNita Van Dyke, Internal
Request for Comments: Comments Revenue Service, Room 6526, 1111 technology; and (e) estimates of capital
submitted in response to this notice will Constitution Avenue NW., Washington, or start-up costs and costs of operation,
be summarized and/or included in the DC 20224, or through the Internet at maintenance, and purchase of services
request for OMB approval. All Lanita.VanDyke@irs.gov. to provide information.
comments will become a matter of SUPPLEMENTARY INFORMATION: Approved: June 28, 2016.
public record. Comments are invited on: Currently, the IRS is seeking Tuawana Pinkston,
(a) Whether the collection of comments concerning the following IRS Reports Clearance Officer.
information is necessary for the proper information collection tools, reporting, [FR Doc. 2016–15895 Filed 7–5–16; 8:45 am]
performance of the functions of the and record-keeping requirements:
BILLING CODE 4830–01–P
agency, including whether the Title: Leveraged Leases.
information shall have practical utility; OMB Number: 1545–1738.
Form Number: Rev Proc 2001–29.
(b) the accuracy of the agency’s estimate Abstract: Revenue Procedure 2001–29 DEPARTMENT OF THE TREASURY
of the burden of the collection of sets forth the information and
information; (c) ways to enhance the Internal Revenue Service
representations required to be furnished
quality, utility, and clarity of the by taxpayers in requests for an advance Proposed Collection; Comment
information to be collected; (d) ways to ruling that a leveraged lease transaction Request for Form T (Timber).
minimize the burden of the collection of is, in fact, a valid lease for federal
information on respondents, including income tax purposes. AGENCY: Internal Revenue Service (IRS),
through the use of automated collection Current Actions: There are no changes Treasury.
techniques or other forms of information being made to the revenue procedure at ACTION: Notice and request for
technology; and (e) estimates of capital this time. comments.
or start-up costs and costs of operation, Type of Review: Extension of a
currently approved collection. SUMMARY: The Department of the
maintenance, and purchase of services
Affected Public: Individuals or Treasury, as part of its continuing effort
to provide information.
ehiers on DSK5VPTVN1PROD with NOTICES

households, business or other for-profit to reduce paperwork and respondent
Approved: June 27, 2016. organizations, and not-for-profit burden, invites the general public and
Tuawana Pinkston, institutions. other Federal agencies to take this
IRS Reports Clearance Officer. Estimated Number of Respondents: opportunity to comment on proposed
[FR Doc. 2016–15908 Filed 7–5–16; 8:45 am] 10. and/or continuing information
Estimated Time per Respondent: 80 collections, as required by the
BILLING CODE 4830–01–P
hr. Paperwork Reduction Act of 1995,

VerDate Sep<11>2014 15:04 Jul 05, 2016 Jkt 238001 PO 00000 Frm 00107 Fmt 4703 Sfmt 4703 E:\FR\FM\06JYN1.SGM 06JYN1

Federal Register / Vol. 81, No. 129 / Wednesday, July 6, 2016 / Notices 44093

Public Law 104–13 (44 U.S.C. public record. Comments are invited on: SUPPLEMENTARY INFORMATION:
3506(c)(2)(A)). Currently, the IRS is (a) Whether the collection of Title: Application to Participate in the
soliciting comments concerning Form T information is necessary for the proper Income Verification Express Service
(Timber), Forest Activities Schedule performance of the functions of the (IVES) Program.
DATES: Written comments should be agency, including whether the OMB Number: 1545–2032.
received on or before September 6, 2016 information shall have practical utility; Form Number: Form 13803.
to be assured of consideration. (b) the accuracy of the agency’s estimate Abstract: Form 13803, Application to
of the burden of the collection of Participate in the Income Verification
ADDRESSES: Direct all written comments
information; (c) ways to enhance the Express Service (IVES) Program, is used
to Tuawana Pinkston, Internal Revenue to submit the required information
Service, Room 6526, 1111 Constitution quality, utility, and clarity of the
information to be collected; (d) ways to necessary to complete the e-services
Avenue NW., Washington, DC 20224. enrollment process for IVES users and
minimize the burden of the collection of
FOR FURTHER INFORMATION CONTACT: to identify delegates receiving
information on respondents, including
Requests for additional information or transcripts on behalf of the principle
through the use of automated collection
copies of the collection tools should be account user.
techniques or other forms of information
directed to LaNita Van Dyke, Internal Current Actions: There is no change
technology; and (e) estimates of capital
Revenue Service, Room 6526, 1111 in the paperwork burden previously
or start-up costs and costs of operation,
Constitution Avenue NW., Washington, approved by OMB. This form is being
maintenance, and purchase of services
DC 20224, or through the internet at submitted for renewal purposes only.
to provide information.
Lanita.VanDyke@irs.gov. Type of Review: Extension of a
SUPPLEMENTARY INFORMATION: Currently, Approved: June 28, 2016. currently approved collection.
the IRS is seeking comments concerning Tuawana Pinkston, Affected Public: Businesses and other
the following information collection IRS Reports Clearance Officer. for-profit organizations.
tools, reporting, and record-keeping [FR Doc. 2016–15897 Filed 7–5–16; 8:45 am] Estimated Number of Respondents:
requirements: BILLING CODE 4830–01–P 200.
Title: Forest Activities Schedule. Estimated Time per Respondent: 30
OMB Number: 1545–0007. minutes.
Form Number: Form T (Timber). DEPARTMENT OF THE TREASURY Estimated Total Annual Burden
Abstract: Form T (Timber) is filed by Hours: 100.
individuals and corporations to report Internal Revenue Service The following paragraph applies to all
income and deductions from the of the collections of information covered
operation of a timber business. The IRS Proposed Collection; Comment by this notice:
uses Form T (Timber) to determine if Request for Form 13803 An agency may not conduct or
the correct amount of income and AGENCY: Internal Revenue Service (IRS), sponsor, and a person is not required to
deductions are reported. Treasury. respond to, a collection of information
Current Actions: There are no changes unless the collection of information
ACTION: Notice and request for
to the previously approved burden of displays a valid OMB control number.
comments. Books or records relating to a
this existing collection.
Type of Review: Extension of a SUMMARY: The Department of the collection of information must be
currently approved collection. Treasury, as part of its continuing effort retained as long as their contents may
Affected Public: Individuals or to reduce paperwork and respondent become material in the administration
households, Businesses or other for- burden, invites the general public and of any internal revenue law. Generally,
profit organizations. other Federal agencies to take this tax returns and tax return information
Estimated Number of Respondents: opportunity to comment on proposed are confidential, as required by 26
37,000. and/or continuing information U.S.C. 6103.
Estimated Time per Respondent: 36 collections, as required by the Request for Comments: Comments
hrs., 11 min. Paperwork Reduction Act of 1995, submitted in response to this notice will
Estimated Total Annual Burden Public Law 104–13 (44 U.S.C. be summarized and/or included in the
Hours: 446,208. 3506(c)(2)(A)). Currently, the IRS is request for OMB approval. All
The following paragraph applies to all soliciting comments concerning Form comments will become a matter of
of the collections of information covered 13803, Application to Participate in the public record. Comments are invited on:
by this notice. Income Verification Express Service (a) Whether the collection of
An agency may not conduct or (IVES) Program. information is necessary for the proper
sponsor, and a person is not required to performance of the functions of the
DATES: Written comments should be
respond to, a collection of information agency, including whether the
unless the collection of information received on or before September 6, 2016 information shall have practical utility;
displays a valid OMB control number. to be assured of consideration. (b) the accuracy of the agency’s estimate
Books or records relating to a collection ADDRESSES: Direct all written comments of the burden of the collection of
of information must be retained as long to Tuawana Pinkston, Internal Revenue information; (c) ways to enhance the
as their contents may become material Service, Room 6526, 1111 Constitution quality, utility, and clarity of the
in the administration of any internal Avenue NW., Washington, DC 20224. information to be collected; (d) ways to
revenue law. Generally, tax returns and FOR FURTHER INFORMATION CONTACT: minimize the burden of the collection of
ehiers on DSK5VPTVN1PROD with NOTICES

tax return information are confidential, Requests for additional information or information on respondents, including
as required by 26 U.S.C. 6103. copies of the form and instructions through the use of automated collection
Request for Comments: Comments should be directed to Allan Hopkins, at techniques or other forms of information
submitted in response to this notice will Internal Revenue Service, Room 6129, technology; and (e) estimates of capital
be summarized and/or included in the 1111 Constitution Avenue NW., or start-up costs and costs of operation,
request for OMB approval. All Washington, DC 20224, or through the maintenance, and purchase of services
comments will become a matter of internet at Allan.M.Hopkins@irs.gov. to provide information.

VerDate Sep<11>2014 15:04 Jul 05, 2016 Jkt 238001 PO 00000 Frm 00108 Fmt 4703 Sfmt 4703 E:\FR\FM\06JYN1.SGM 06JYN1

Document Created: 2016-07-06 07:55:58
Document Modified: 2016-07-06 07:55:58

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 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 44092

81 FR 44092 - Proposed Collection; Comment Request for Form T (Timber).

DEPARTMENT OF THE TREASURYInternal Revenue Service

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

DEPARTMENT OF THE TREASURY
Internal Revenue Service