81 FR 48502 - 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		48502-48502
FR Document		2016-17468

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 Continuity of Interest.

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

[Federal Register Volume 81, Number 142 (Monday, July 25, 2016)]
[Notices]
[Page 48502]
From the Federal Register Online  [www.thefederalregister.org]
[FR Doc No: 2016-17468]


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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 
Continuity of Interest.

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 regulation should be directed to Kerry Dennis at Internal 
Revenue Service, Room 6526, 1111 Constitution Avenue NW., Washington, 
DC 20224, or through the internet at [email protected].

SUPPLEMENTARY INFORMATION: 
    Title: Continuity of Interest.
    OMB Number: 1545-1691.
    Regulation Project Number: REG-120882-97 (TD 8898).
    Abstract: Taxpayers who entered into a binding agreement on or 
after January 28, 1998 (the effective date of Sec.  1.368-1), and 
before the effective date of the final regulations under Sec.  1.368-
1(e) may request a private letter ruling permitting them to apply Sec.  
1.368-1(e) to their transaction. A private letter ruling will not be 
issued unless the taxpayer establishes to the satisfaction of the IRS, 
that there is not a significant risk of different parties to the 
transaction taking inconsistent positions, for U.S. tax purposes with 
respect to the applicability of Sec.  1.368-1(e) to the transaction.
    Current Actions: There is no change in the paperwork burden 
previously approved by OMB. This regulation is being submitted for 
renewal purposes only.
    Type of Review: Extension of a currently approved collection.
    Affected Public: Businesses and other for-profit organizations.
    Estimated Number of Respondents: 10.
    Estimated Time per Respondent: 150 hours.
    Estimated Total Annual Burden Hours: 1,500.
    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: July 12, 2016.
Tuawana Pinkston,
IRS Reports Clearance Officer.
[FR Doc. 2016-17468 Filed 7-22-16; 8:45 am]
 BILLING CODE 4830-01-P

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 02:00:44
Document Modified: 2016-07-23 02:00:44

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 regulation should be directed to Kerry Dennis at Internal Revenue Service, Room 6526, 1111 Constitution Avenue NW., Washington, DC 20224, or through the internet at [email protected]
FR Citation		81 FR 48502

81 FR 48502 - 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