81 FR 48501 - Proposed Collection; Comment Request for Regulation Project.

DEPARTMENT OF THE TREASURY
Internal Revenue Service

Federal Register Volume 81, Issue 142 (July 25, 2016)

Page Range		48501-48502
FR Document		2016-17464

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 Determination of Interest Expense Deduction of Foreign Corporation.

Federal Register, Volume 81 Issue 142 (Monday, July 25, 2016)

[Federal Register Volume 81, Number 142 (Monday, July 25, 2016)]
[Notices]
[Pages 48501-48502]
From the Federal Register Online  [www.thefederalregister.org]
[FR Doc No: 2016-17464]


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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.

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

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 
Determination of Interest Expense Deduction of Foreign Corporation.

DATES: Written comments should be received on or before September 23, 
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 Kerry Dennis, 
Internal Revenue Service, Room 6526, 1111 Constitution Avenue NW., 
Washington, DC 20224, or through the internet at [email protected].

SUPPLEMENTARY INFORMATION: 
    Title: Determination of Interest Expense Deduction of Foreign 
Corporation.
    OMB Number: 1545-2030. Form Number: TD 9465.
    Abstract: This document contains final regulations under Section 
882(c) of the Internal Revenue Code concerning the determination of the 
interest expense deduction of foreign corporations engaged in a trade 
or business within the United States. These final regulations conforms 
the interest expense rules to recent U.S. Income Tax Treaty agreements 
and adopt other changes to improve compliance.
    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: Businesses or other for-profit organizations.
    Estimated Number of Respondents: 75.
    Estimated Time per Respondent: 28 min.
    Estimated Total Annual Burden Hours: 35 hours.
    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

[[Page 48502]]

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: July 6, 2016.
Tuawana Pinkston,
IRS Reports Clearance Officer.
[FR Doc. 2016-17464 Filed 7-22-16; 8:45 am]
 BILLING CODE 4830-01-P

Federal Register / Vol. 81, No. 142 / Monday, July 25, 2016 / Notices 48501

DATES: Comments must be submitted on retained interests, and maintain a other Federal agencies to take this
or before August 24, 2016. management information system to opportunity to comment on proposed
ADDRESSES: Because paper mail in the monitor asset securitization activities. and/or continuing information
Washington, DC area and at the OCC is An institution’s management uses the collections, as required by the
subject to delay, commenters are information collected to ensure the safe Paperwork Reduction Act of 1995,
encouraged to submit comments by and sound operation of the institution’s Public Law 104–13 (44 U.S.C.
email, if possible. Comments may be asset securitization activities. The OCC 3506(c)(2)(A)). Currently, the IRS is
sent to: Legislative and Regulatory uses the information to evaluate the soliciting comments concerning
Activities Division, Office of the quality of an institution’s risk Determination of Interest Expense
Comptroller of the Currency, Attention: management practices. Deduction of Foreign Corporation.
1557–0217, 400 7th Street SW., Suite Affected Public: Businesses or other DATES: Written comments should be
3E–218, Mail Stop 9W–11, Washington, for-profit. received on or before September 23,
DC 20219. In addition, comments may Burden Estimates: 2016 to be assured of consideration.
be sent by fax to (571) 465–4326 or by Estimated Number of Respondents: 35 ADDRESSES: Direct all written comments
electronic mail to prainfo@occ.treas.gov. national banks and Federal savings to Tuawana Pinkston, Internal Revenue
You may personally inspect and associations. Service, Room 6526, 1111 Constitution
photocopy comments at the OCC, 400 Estimated Annual Burden: 1,827 Avenue NW., Washington, DC 20224.
7th Street SW., Washington, DC 20219. hours.
Frequency of Response: On occasion. FOR FURTHER INFORMATION CONTACT:
For security reasons, the OCC requires Requests for additional information or
that visitors make an appointment to Comments: On April 27, 2016, the
OCC issued a 60-day notice soliciting copies of the collection tools should be
inspect comments. You may do so by directed to Kerry Dennis, Internal
calling (202) 649–6700 or, for persons comment on the information collection,
81 FR 24939. No comments were Revenue Service, Room 6526, 1111
who are deaf or hard of hearing, TTY, Constitution Avenue NW., Washington,
(202) 649–5597. Upon arrival, visitors received. Comments continue to be
invited on: DC 20224, or through the internet at
will be required to present valid Kerry.Dennis@irs.gov.
government-issued photo identification (a) Whether the collection of
information is necessary for the proper SUPPLEMENTARY INFORMATION:
and submit to security screening in
performance of the functions of the Title: Determination of Interest
order to inspect and photocopy
OCC, including whether the information Expense Deduction of Foreign
comments.
has practical utility; Corporation.
All comments received, including
(b) The accuracy of the OCC’s OMB Number: 1545–2030. Form
attachments and other supporting
estimate of the information collection Number: TD 9465.
materials, are part of the public record Abstract: This document contains
and subject to public disclosure. Do not burden;
(c) Ways to enhance the quality, final regulations under Section 882(c) of
include any information in your the Internal Revenue Code concerning
comment or supporting materials that utility, and clarity of the information to
be collected; the determination of the interest
you consider confidential or expense deduction of foreign
inappropriate for public disclosure. (d) Ways to minimize the burden of
the collection on respondents, including corporations engaged in a trade or
Additionally, please send a copy of
through the use of automated collection business within the United States.
your comments by mail to: OCC Desk
techniques or other forms of information These final regulations conforms the
Officer, 1557–0217, U.S. Office of
technology; and interest expense rules to recent U.S.
Management and Budget, 725 17th
(e) Estimates of capital or start-up Income Tax Treaty agreements and
Street, NW., #10235, Washington, DC
costs and costs of operation, adopt other changes to improve
20503 or by email to: oira submission@
maintenance, and purchase of services compliance.
omb.eop.gov. Current Actions: There are no changes
to provide information.
FOR FURTHER INFORMATION CONTACT: to the previously approved burden of
Shaquita Merritt, OCC Clearance Dated: July 19, 2016.
this existing collection.
Officer, (202) 649–5490 or, for persons Karen Solomon, Type of Review: Extension of a
who are deaf or hard of hearing, TTY, Deputy Chief Counsel, Office of the currently approved collection.
(202) 649–5597, Legislative and Comptroller of the Currency. Affected Public: Businesses or other
Regulatory Activities Division, Office of [FR Doc. 2016–17491 Filed 7–22–16; 8:45 am] for-profit organizations.
the Comptroller of the Currency, 400 7th BILLING CODE P Estimated Number of Respondents:
Street SW., Suite 3E–218, Mail Stop 75.
9W–11, Washington, DC 20219. Estimated Time per Respondent: 28
SUPPLEMENTARY INFORMATION: The OCC DEPARTMENT OF THE TREASURY min.
is requesting that OMB extend its Estimated Total Annual Burden
approval of the following information Internal Revenue Service Hours: 35 hours.
collection: The following paragraph applies to all
Proposed Collection; Comment
Title: Interagency Guidance on Asset of the collections of information covered
Request for Regulation Project.
Securitization Activities. by this notice:
OMB Control No.: 1557–0217. AGENCY: Internal Revenue Service (IRS), An agency may not conduct or
Type of Review: Regular. sponsor, and a person is not required to
mstockstill on DSK3G9T082PROD with NOTICES

Treasury.
Description: This information ACTION: Notice and request for respond to, a collection of information
collection applies to institutions comments. unless the collection of information
engaged in asset securitization activities displays a valid OMB control number.
and provides that any institution SUMMARY: The Department of the Books or records relating to a collection
engaged in these activities should Treasury, as part of its continuing effort of information must be retained as long
maintain a written asset securitization to reduce paperwork and respondent as their contents may become material
policy, document the fair value of burden, invites the general public and in the administration of any internal

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48502 Federal Register / Vol. 81, No. 142 / Monday, July 25, 2016 / Notices

revenue law. Generally, tax returns and copies of the regulation should be information shall have practical utility;
tax return information are confidential, directed to Kerry Dennis at Internal (b) the accuracy of the agency’s estimate
as required by 26 U.S.C. 6103. Revenue Service, Room 6526, 1111 of the burden of the collection of
Request for Comments: Comments Constitution Avenue NW., Washington, information; (c) ways to enhance the
submitted in response to this notice will DC 20224, or through the internet at quality, utility, and clarity of the
be summarized and/or included in the Kerry.Dennis@irs.gov. information to be collected; (d) ways to
request for OMB approval. All SUPPLEMENTARY INFORMATION: minimize the burden of the collection of
comments will become a matter of Title: Continuity of Interest. information on respondents, including
public record. Comments are invited on: OMB Number: 1545–1691. through the use of automated collection
(a) Whether the collection of Regulation Project Number: REG– techniques or other forms of information
information is necessary for the proper 120882–97 (TD 8898). technology; and (e) estimates of capital
performance of the functions of the Abstract: Taxpayers who entered into or start-up costs and costs of operation,
agency, including whether the a binding agreement on or after January maintenance, and purchase of services
information shall have practical utility; 28, 1998 (the effective date of § 1.368– to provide information.
(b) the accuracy of the agency’s estimate 1), and before the effective date of the Approved: July 12, 2016.
of the burden of the collection of final regulations under § 1.368–1(e) may Tuawana Pinkston,
information; (c) ways to enhance the request a private letter ruling permitting IRS Reports Clearance Officer.
quality, utility, and clarity of the them to apply § 1.368–1(e) to their [FR Doc. 2016–17468 Filed 7–22–16; 8:45 am]
information to be collected; (d) ways to transaction. A private letter ruling will
minimize the burden of the collection of BILLING CODE 4830–01–P
not be issued unless the taxpayer
information on respondents, including establishes to the satisfaction of the IRS,
through the use of automated collection that there is not a significant risk of DEPARTMENT OF THE TREASURY
techniques or other forms of information different parties to the transaction
technology; and (e) estimates of capital taking inconsistent positions, for U.S. Internal Revenue Service
or start-up costs and costs of operation, tax purposes with respect to the
maintenance, and purchase of services applicability of § 1.368–1(e) to the Proposed Collection; Comment
to provide information. transaction. Request for Form 14693
Approved: July 6, 2016. Current Actions: There is no change
AGENCY: Internal Revenue Service (IRS),
Tuawana Pinkston, in the paperwork burden previously
Treasury.
IRS Reports Clearance Officer. approved by OMB. This regulation is
ACTION: Notice and request for
[FR Doc. 2016–17464 Filed 7–22–16; 8:45 am]
being submitted for renewal purposes
only. comments.
BILLING CODE 4830–01–P
Type of Review: Extension of a SUMMARY: The Department of the
currently approved collection. Treasury, as part of its continuing effort
DEPARTMENT OF THE TREASURY Affected Public: Businesses and other to reduce paperwork and respondent
for-profit organizations. burden, invites the general public and
Internal Revenue Service Estimated Number of Respondents: other Federal agencies to take this
10. opportunity to comment on proposed
Proposed Collection; Comment Estimated Time per Respondent: 150 and/or continuing information
Request for Regulation Project hours. collections, as required by the
Estimated Total Annual Burden Paperwork Reduction Act of 1995,
AGENCY: Internal Revenue Service (IRS),
Hours: 1,500. Public Law 104–13 (44 U.S.C.
Treasury.
The following paragraph applies to all 3506(c)(2)(A)). Currently, the IRS is
ACTION: Notice and request for of the collections of information covered
comments. soliciting comments concerning Form
by this notice: 14693, Application for Reduced Rate of
SUMMARY: The Department of the An agency may not conduct or Withholding on Whistleblower Award
Treasury, as part of its continuing effort sponsor, and a person is not required to Payment.
to reduce paperwork and respondent respond to, a collection of information
unless the collection of information DATES: Written comments should be
burden, invites the general public and received on or before September 23,
other Federal agencies to take this displays a valid OMB control number.
Books or records relating to a 2016 to be assured of consideration.
opportunity to comment on proposed ADDRESSES: Direct all written comments
and/or continuing information collection of information must be
retained as long as their contents may to Christie Preston, Internal Revenue
collections, as required by the Service, Room 6129, 1111 Constitution
Paperwork Reduction Act of 1995, become material in the administration
of any internal revenue law. Generally, Avenue NW., Washington, DC 20224.
Public Law 104–13 (44 U.S.C.
tax returns and tax return information FOR FURTHER INFORMATION CONTACT:
3506(c)(2)(A)). Currently, the IRS is
are confidential, as required by 26 Requests for additional information or
soliciting comments concerning
U.S.C. 6103. copies of the forms and instructions
Continuity of Interest.
Request for Comments: Comments should be directed to Allan Hopkins, at
DATES: Written comments should be Internal Revenue Service, Room 6129,
submitted in response to this notice will
received on or before September 23, be summarized and/or included in the 1111 Constitution Avenue NW.,
mstockstill on DSK3G9T082PROD with NOTICES

2016 to be assured of consideration. request for OMB approval. All Washington, DC 20224, or through the
ADDRESSES: Direct all written comments comments will become a matter of Internet at Allan.M.Hopkins@irs.gov.
to Tuawana Pinkston, Internal Revenue public record. Comments are invited on: SUPPLEMENTARY INFORMATION:
Service, Room 6526, 1111 Constitution (a) Whether the collection of Title: Application for Reduced Rate of
Avenue NW., Washington, DC 20224. information is necessary for the proper Withholding on Whistleblower Award
FOR FURTHER INFORMATION CONTACT: performance of the functions of the Payment.
Requests for additional information or agency, including whether the OMB Number: 1545–XXXX.

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Document Created: 2016-07-23 02:00:52
Document Modified: 2016-07-23 02:00:52

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 23, 2016 to be assured of consideration.
Contact		Requests for additional information or copies of the collection tools should be directed to Kerry Dennis, Internal Revenue Service, Room 6526, 1111 Constitution Avenue NW., Washington, DC 20224, or through the internet at [email protected]
FR Citation		81 FR 48501

81 FR 48501 - Proposed Collection; Comment Request for Regulation Project.

DEPARTMENT OF THE TREASURYInternal Revenue Service

Federal Register Volume 81, Issue 142 (July 25, 2016)

DEPARTMENT OF THE TREASURY
Internal Revenue Service