81 FR 61738 - Proposed Collection; Comment Request for Notice 2006-97

DEPARTMENT OF THE TREASURY
Internal Revenue Service

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

Page Range		61738-61738
FR Document		2016-21386

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 Notice 2006-97, Taxation and Reporting of REIT Excess Inclusion Income.

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

[Federal Register Volume 81, Number 173 (Wednesday, September 7, 2016)]
[Notices]
[Page 61738]
From the Federal Register Online  [www.thefederalregister.org]
[FR Doc No: 2016-21386]


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DEPARTMENT OF THE TREASURY

Internal Revenue Service


Proposed Collection; Comment Request for Notice 2006-97

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 
Notice 2006-97, Taxation and Reporting of REIT Excess Inclusion Income.

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 6129, 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: Currently, the IRS is seeking comments 
concerning Notice 2006-97.
    Title: Taxation and Reporting of REIT Excess Inclusion Income.
    OMB Number: 1545-2036.
    Notice Number: Notice 2006-97.
    Abstract: This notice requires certain REITs, RICS, partnerships 
and other entities that have excess inclusion income to disclose the 
amount and character of such income allocable to their record interest 
owners. The record interest owners need the information to properly 
report and pay taxes on such income.
    Current Actions: There is no change in the paperwork burden 
previously approved by OMB.
    Type of Review: Extension of a currently approved collection.
    Affected Public: Business or other for-profit organizations.
    Estimated Number of Respondents: 50.
    Estimated Time per Respondent: 2 hr.
    Estimated Total Annual Burden Hours: 100.
    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 23, 2016.
Tuawana Pinkston,
IRS Supervisory Tax Analyst.
[FR Doc. 2016-21386 Filed 9-6-16; 8:45 am]
 BILLING CODE 4830-01-P

61738 Federal Register / Vol. 81, No. 173 / Wednesday, September 7, 2016 / Notices

information shall have practical utility; Notice Number: Notice 2006–97. DEPARTMENT OF THE TREASURY
(b) the accuracy of the agency’s estimate Abstract: This notice requires certain
of the burden of the collection of REITs, RICS, partnerships and other Internal Revenue Service
information; (c) ways to enhance the entities that have excess inclusion
quality, utility, and clarity of the income to disclose the amount and Proposed Collection; Comment
information to be collected; (d) ways to character of such income allocable to Request for Regulation Project
minimize the burden of the collection of their record interest owners. The record AGENCY: Internal Revenue Service (IRS),
information on respondents, including interest owners need the information to Treasury.
through the use of automated collection properly report and pay taxes on such ACTION: Notice and request for
techniques or other forms of information income. comments.
technology; and (e) estimates of capital Current Actions: There is no change
or start-up costs and costs of operation, in the paperwork burden previously SUMMARY: The Department of the
maintenance, and purchase of services approved by OMB. Treasury, as part of its continuing effort
to provide information. to reduce paperwork and respondent
Type of Review: Extension of a
Approved: August 24, 2016. currently approved collection. burden, invites the general public and
Tuawana Pinkston, Affected Public: Business or other for- other Federal agencies to take this
IRS Reports Clearance Officer. profit organizations. opportunity to comment on proposed
[FR Doc. 2016–21384 Filed 9–6–16; 8:45 am] and/or continuing information
Estimated Number of Respondents:
collections, as required by the
BILLING CODE 4830–01–P 50.
Paperwork Reduction Act of 1995,
Estimated Time per Respondent: 2 hr. Public Law 104–13 (44 U.S.C.
Estimated Total Annual Burden 3506(c)(2)(A)). Currently, the IRS is
DEPARTMENT OF THE TREASURY
Hours: 100. soliciting comments concerning
Internal Revenue Service The following paragraph applies to all qualified conservation contributions.
of the collections of information covered DATES: Written comments should be
Proposed Collection; Comment by this notice: received on or before November 7, 2016
Request for Notice 2006–97 An agency may not conduct or to be assured of consideration.
AGENCY: Internal Revenue Service (IRS), sponsor, and a person is not required to ADDRESSES: Direct all written comments
Treasury. respond to, a collection of information to Tuawana Pinkston, Internal Revenue
unless the collection of information Service, Room 6526, 1111 Constitution
ACTION: Notice and request for
displays a valid OMB control number. Avenue NW., Washington, DC 20224.
comments.
Books or records relating to a collection
FOR FURTHER INFORMATION CONTACT:
SUMMARY: The Department of the of information must be retained as long
as their contents may become material Requests for additional information or
Treasury, as part of its continuing effort copies of the regulations should be
to reduce paperwork and respondent in the administration of any internal
revenue law. Generally, tax returns and directed to Kerry Dennis at Internal
burden, invites the general public and Revenue Service, Room 6526, 1111
other Federal agencies to take this tax return information are confidential,
as required by 26 U.S.C. 6103. Constitution Avenue NW., Washington,
opportunity to comment on proposed DC 20224, or through the internet at
and/or continuing information Request for Comments: Comments Kerry.Dennis@irs.gov.
collections, as required by the submitted in response to this notice will
be summarized and/or included in the SUPPLEMENTARY INFORMATION:
Paperwork Reduction Act of 1995,
Public Law 104–13 (44 U.S.C. request for OMB approval. All Title: Qualified Conservation
3506(c)(2)(A)). Currently, the IRS is comments will become a matter of Contributions.
soliciting comments concerning Notice public record. Comments are invited on: OMB Number: 1545–0763. Regulation
2006–97, Taxation and Reporting of (a) Whether the collection of Project Number: TD 8069.
REIT Excess Inclusion Income. information is necessary for the proper Abstract: Internal Revenue Code
performance of the functions of the section 170(h) describes situations in
DATES: Written comments should be
agency, including whether the which a taxpayer is entitled to a
received on or before November 7, 2016 deduction for a charitable contribution
to be assured of consideration. information shall have practical utility;
(b) the accuracy of the agency’s estimate for conservation purposes of a partial
ADDRESSES: Direct all written comments interest in real property. This regulation
to Tuawana Pinkston, Internal Revenue of the burden of the collection of
information; (c) ways to enhance the requires a taxpayer claiming a
Service, Room 6129, 1111 Constitution deduction to maintain records of (1) the
Avenue NW., Washington, DC 20224. quality, utility, and clarity of the
information to be collected; (d) ways to fair market value of the underlying
FOR FURTHER INFORMATION CONTACT: property before and after the donation
minimize the burden of the collection of
Requests for additional information or information on respondents, including and (2) the conservation purpose of the
copies of the collection tools should be through the use of automated collection donation.
directed to Sara Covington, Internal techniques or other forms of information Current Actions: There are no changes
Revenue Service, Room 6526, 1111 technology; and (e) estimates of capital being made to this existing regulation.
Constitution Avenue NW., Washington, or start-up costs and costs of operation, Type of Review: Extension of a
DC 20224, or through the Internet at currently approved collection.
mstockstill on DSK3G9T082PROD with NOTICES

maintenance, and purchase of services
Sara.L.Covington@irs.gov. to provide information. Affected Public: Individuals or
SUPPLEMENTARY INFORMATION: Currently, households, business or other for-profit
Approved: August 23, 2016. organizations, not-for-profit institutions,
the IRS is seeking comments concerning
Notice 2006–97. Tuawana Pinkston, farms, and Federal, State, local or tribal
Title: Taxation and Reporting of REIT IRS Supervisory Tax Analyst. governments.
Excess Inclusion Income. [FR Doc. 2016–21386 Filed 9–6–16; 8:45 am] Estimated Number of Respondents:
OMB Number: 1545–2036. BILLING CODE 4830–01–P 1,000.

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Document Created: 2016-09-07 11:50:40
Document Modified: 2016-09-07 11:50:40

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 61738

81 FR 61738 - Proposed Collection; Comment Request for Notice 2006-97

DEPARTMENT OF THE TREASURYInternal Revenue Service

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

DEPARTMENT OF THE TREASURY
Internal Revenue Service