81 FR 61737 - Proposed Collection; Comment Request for Form 8038-T

DEPARTMENT OF THE TREASURY
Internal Revenue Service

Federal Register Volume 81, Issue 173 (September 7, 2016)

Page Range		61737-61737
FR Document		2016-21394

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 8038-T, Arbitrage Rebate, Yield Reduction and Penalty in Lieu of Arbitrage Rebate.

Federal Register, Volume 81 Issue 173 (Wednesday, September 7, 2016)

[Federal Register Volume 81, Number 173 (Wednesday, September 7, 2016)]
[Notices]
[Page 61737]
From the Federal Register Online  [www.thefederalregister.org]
[FR Doc No: 2016-21394]


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DEPARTMENT OF THE TREASURY

Internal Revenue Service


Proposed Collection; Comment Request for Form 8038-T

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 
Form 8038-T, Arbitrage Rebate, Yield Reduction and Penalty in Lieu of 
Arbitrage Rebate.

DATES: Written comments should be received on or before November 7, 
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 Sara Covington, 
Internal Revenue Service, Room 6526, 1111 Constitution Avenue NW., 
Washington, DC 20224, or through the internet at 
[email protected].

SUPPLEMENTARY INFORMATION:
    Title: Arbitrage Rebate, Yield Reduction and Penalty in Lieu of 
Arbitrage Rebate.
    OMB Number: 1545-1219.
    Form Number: 8038-T.
    Abstract: Form 8038-T is used by issuers of tax exempt bonds to 
report and pay the arbitrage rebate and to elect and/or pay various 
penalties associated with arbitrage bonds. The issuers include state 
and local governments.
    Current Actions: There are no changes being made to Form 8038-T at 
this time.
    Type of Review: Extension of a currently approved collection.
    Affected Public: State, local or tribal governments.
    Estimated Number of Respondents: 2,500.
    Estimated Time per Respondent: 23 hrs., 10 min.
    Estimated Total Annual Reporting Burden Hours: 57,900.
    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: August 29, 2016.
Tuawana Pinkston,
IRS Supervisory Tax Analyst.
[FR Doc. 2016-21394 Filed 9-6-16; 8:45 am]
 BILLING CODE 4830-01-P

Federal Register / Vol. 81, No. 173 / Wednesday, September 7, 2016 / Notices 61737

Approved: August 23, 2016. Estimated Time per Respondent: 23 collections, as required by the
Tuawana Pinkston, hrs., 10 min. Paperwork Reduction Act of 1995,
IRS Supervisory Tax Analyst. Estimated Total Annual Reporting Public Law 104–13 (44 U.S.C.
[FR Doc. 2016–21387 Filed 9–6–16; 8:45 am] Burden Hours: 57,900. 3506(c)(2)(A)). Currently, the IRS is
BILLING CODE 4830–01–P
The following paragraph applies to all soliciting comments concerning
of the collections of information covered rescission request procedures.
by this notice: DATES: Written comments should be
DEPARTMENT OF THE TREASURY An agency may not conduct or received on or before November 7, 2016
sponsor, and a person is not required to to be assured of consideration.
Internal Revenue Service respond to, a collection of information
ADDRESSES: Direct all written comments
unless the collection of information
Proposed Collection; Comment to Tuawana Pinkston, Internal Revenue
displays a valid OMB control number.
Request for Form 8038–T Service, Room 6526, 1111 Constitution
Books or records relating to a collection
Avenue NW., Washington, DC 20224.
of information must be retained as long
AGENCY: Internal Revenue Service (IRS), FOR FURTHER INFORMATION CONTACT:
as their contents may become material
Treasury. Requests for additional information or
in the administration of any internal
ACTION: Notice and request for copies of the revenue procedure should
revenue law. Generally, tax returns and
comments. tax return information are confidential, be directed to Kerry Dennis at Internal
as required by 26 U.S.C. 6103. Revenue Service, Room 6526, 1111
SUMMARY: The Department of the Constitution Avenue NW., Washington,
Treasury, as part of its continuing effort Request for Comments: Comments
submitted in response to this notice will DC 20224, or through the internet at
to reduce paperwork and respondent Kerry.Dennis@irs.gov.
burden, invites the general public and be summarized and/or included in the
request for OMB approval. All SUPPLEMENTARY INFORMATION:
other Federal agencies to take this
comments will become a matter of Title: Revenue Procedure Regarding
opportunity to comment on proposed
public record. Comments are invited on: 6707/6707A Rescission Request
and/or continuing information
(a) Whether the collection of Procedures.
collections, as required by the
information is necessary for the proper OMB Number: 1545–2047.
Paperwork Reduction Act of 1995, Revenue Procedure Number: Revenue
Public Law 104–13 (44 U.S.C. performance of the functions of the
agency, including whether the Procedure 2007–21.
3506(c)(2)(A)). Currently, the IRS is Abstract: This revenue procedure
soliciting comments concerning Form information shall have practical utility;
(b) the accuracy of the agency’s estimate provides guidance to persons who are
8038–T, Arbitrage Rebate, Yield assessed a penalty under section 6707A
Reduction and Penalty in Lieu of of the burden of the collection of
information; (c) ways to enhance the or 6707 of the Internal Revenue Code,
Arbitrage Rebate. and who may request rescission of those
quality, utility, and clarity of the
DATES: Written comments should be penalties from the Commissioner.
information to be collected; (d) ways to
received on or before November 7, 2016 Current Actions: There are no changes
minimize the burden of the collection of
to be assured of consideration. being made to this revenue procedure.
information on respondents, including
ADDRESSES: Direct all written comments through the use of automated collection Type of Review: Extension of a
to Tuawana Pinkston, Internal Revenue techniques or other forms of information previously approved collection.
Service, Room 6526, 1111 Constitution technology; and (e) estimates of capital Affected Public: Individuals or
Avenue NW., Washington, DC 20224. or start-up costs and costs of operation, households, business or other for-profit.
FOR FURTHER INFORMATION CONTACT: maintenance, and purchase of services Estimated Number of Respondents:
Requests for additional information or to provide information. 859.
copies of the collection tools should be Estimated Time per Respondent: 0.5
Approved: August 29, 2016. hours.
directed to Sara Covington, Internal
Revenue Service, Room 6526, 1111 Tuawana Pinkston, Estimated Total Annual Burden
Constitution Avenue NW., Washington, IRS Supervisory Tax Analyst. Hours: 430.
DC 20224, or through the internet at [FR Doc. 2016–21394 Filed 9–6–16; 8:45 am] An agency may not conduct or
Sara.L.Covington@irs.gov. BILLING CODE 4830–01–P sponsor, and a person is not required to
SUPPLEMENTARY INFORMATION:
respond to, a collection of information
Title: Arbitrage Rebate, Yield unless the collection of information
Reduction and Penalty in Lieu of DEPARTMENT OF THE TREASURY displays a valid OMB control number.
Arbitrage Rebate. Books or records relating to a collection
Internal Revenue Service of information must be retained as long
OMB Number: 1545–1219.
Form Number: 8038–T. as their contents may become material
Proposed Collection; Comment in the administration of any internal
Abstract: Form 8038–T is used by
Request for Revenue Procedure revenue law. Generally, tax returns and
issuers of tax exempt bonds to report
and pay the arbitrage rebate and to elect AGENCY: Internal Revenue Service (IRS), tax return information are confidential,
and/or pay various penalties associated Treasury. as required by 26 U.S.C. 6103.
with arbitrage bonds. The issuers ACTION: Notice and request for Request for Comments: Comments
include state and local governments. comments. submitted in response to this notice will
be summarized and/or included in the
mstockstill on DSK3G9T082PROD with NOTICES

Current Actions: There are no changes
being made to Form 8038–T at this time. SUMMARY: The Department of the request for OMB approval. All
Type of Review: Extension of a Treasury, as part of its continuing effort comments will become a matter of
currently approved collection. to reduce paperwork and respondent public record. Comments are invited on:
Affected Public: State, local or tribal burden, invites the general public and (a) Whether the collection of
governments. other Federal agencies to take this information is necessary for the proper
Estimated Number of Respondents: opportunity to comment on proposed performance of the functions of the
2,500. and/or continuing information agency, including whether the

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Document Created: 2016-09-07 11:50:08
Document Modified: 2016-09-07 11:50:08

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 November 7, 2016 to be assured of consideration.
Contact		Requests for additional information or copies of the collection tools should be directed to Sara Covington, Internal Revenue Service, Room 6526, 1111 Constitution Avenue NW., Washington, DC 20224, or through the internet at [email protected]
FR Citation		81 FR 61737

81 FR 61737 - Proposed Collection; Comment Request for Form 8038-T

DEPARTMENT OF THE TREASURYInternal Revenue Service

Federal Register Volume 81, Issue 173 (September 7, 2016)

DEPARTMENT OF THE TREASURY
Internal Revenue Service