81 FR 66125 - Proposed Collection; Comment Request for Form 8612

DEPARTMENT OF THE TREASURY
Internal Revenue Service

Federal Register Volume 81, Issue 186 (September 26, 2016)

Page Range		66125-66126
FR Document		2016-23152

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 8612, Return of Excise Tax on Undistributed Income of Real Estate Investment Trusts.

Federal Register, Volume 81 Issue 186 (Monday, September 26, 2016)

[Federal Register Volume 81, Number 186 (Monday, September 26, 2016)]
[Notices]
[Pages 66125-66126]
From the Federal Register Online  [www.thefederalregister.org]
[FR Doc No: 2016-23152]


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DEPARTMENT OF THE TREASURY

Internal Revenue Service


Proposed Collection; Comment Request for Form 8612

AGENCY: Internal Revenue Service (IRS), Treasury.

[[Page 66126]]


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 8612, Return of Excise Tax on Undistributed Income of Real Estate 
Investment Trusts.

DATES: Written comments should be received on or before November 25, 
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 form and instructions should be directed to Sara 
Covington, at Internal Revenue Service, Room 6526, 1111 Constitution 
Avenue NW., Washington, DC 20224, or through the internet at 
[email protected].

SUPPLEMENTARY INFORMATION: 
    Title: Return of Excise Tax on Undistributed Income of Real Estate 
Investment Trusts.
    OMB Number: 1545-1013.
    Form Number: Form 8612.
    Abstract: Form 8612 is used by real estate investment trusts to 
compute and pay the excise tax on undistributed income imposed under 
section 4981 of the Internal Revenue Code. The IRS uses the information 
to verify that the correct amount of tax has been reported.
    Current Actions: There are no changes being made to the form at 
this time.
    Type of Review: Extension of a currently approved collection.
    Affected Public: Business or other for-profit organizations.
    Estimated Number of Respondents: 20.
    Estimated Time per Respondent: 9 hours, 48 minutes.
    Estimated Total Annual Burden Hours: 196.
    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: September 8, 2016.
Tuawana Pinkston,
IRS Supervisory Tax Analyst.
[FR Doc. 2016-23152 Filed 9-23-16; 8:45 am]
 BILLING CODE 4830-01-P

Federal Register / Vol. 81, No. 186 / Monday, September 26, 2016 / Notices 66125

DC 20224, or through the Internet at and (e) estimates of capital or start-up Current Actions: There are no changes
Allan.M.Hopkins@irs.gov. costs and costs of operation, being made to the notice at this time.
SUPPLEMENTARY INFORMATION: maintenance, and purchase of services Type of Review: Extension of a
Title: Exceptions to the notice and to provide information. currently approved collection.
reporting requirements of section Approved: September 19, 2016. Affected Public: Not-for-profit
6033(e)(1) and the tax imposed by Allan Hopkins, institutions.
section 6033(e)(2). Tax Analyst. Estimated Number of Respondents:
OMB Number: 1545–1589. [FR Doc. 2016–23130 Filed 9–23–16; 8:45 am] 65,000.
Revenue Procedure Number: Revenue BILLING CODE 4830–01–P
Estimated Time per Respondent:
Procedure 98–19. Varies 7 hours, 53 minutes to 9 hours,
Abstract: Revenue Procedure 98–19 48 minutes.
provides guidance to organizations DEPARTMENT OF THE TREASURY Estimated Total Annual Burden
exempt from taxation under section Hours: 612,294.
501(a) of the Internal Revenue Code of Internal Revenue Service The following paragraph applies to all
1986 on certain exceptions from the of the collections of information covered
reporting and notice requirements of Proposed Collection; Comment by this notice:
section 6033(e)(1) and the tax imposed Request for Notice 2006–109. An agency may not conduct or
by section 6033(e)(2). AGENCY: Internal Revenue Service (IRS), sponsor, and a person is not required to
Current Actions: There are no changes Treasury. respond to, a collection of information
being made to the revenue procedure at ACTION: Notice and request for unless the collection of information
this time. comments. displays a valid OMB control number.
Type of Review: Extension of a Books or records relating to a collection
currently approved collection. SUMMARY: The Department of the of information must be retained as long
Affected Public: Individuals or Treasury, as part of its continuing effort as their contents may become material
households, not-for-profit institutions to reduce paperwork and respondent in the administration of any internal
and farms. burden, invites the general public and revenue law. Generally, tax returns and
Estimated Number of Organizations: other Federal agencies to take this tax return information are confidential,
15,000. opportunity to comment on proposed as required by 26 U.S.C. 6103.
Estimated Average Time per and/or continuing information Request for Comments: Comments
Organizations: 10 hours. collections, as required by the submitted in response to this notice will
Estimated Total Annual Paperwork Reduction Act of 1995, be summarized and/or included in the
Recordkeeping Hours: 150,000. Public Law 104–13 (44 U.S.C. request for OMB approval. All
The following paragraph applies to all 3506(c)(2)(A)). Currently, the IRS is comments will become a matter of
of the collections of information covered soliciting comments concerning Notice public record. Comments are invited on:
by this notice: 2006–109, Interim Guidance Regarding (a) Whether the collection of
An agency may not conduct or Supporting Organizations and Donor information is necessary for the proper
sponsor, and a person is not required to Advised Funds. performance of the functions of the
respond to, a collection of information DATES: Written comments should be agency, including whether the
unless the collection of information received on or before November 25, information shall have practical utility;
displays a valid OMB control number. 2016 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
tax return information are confidential, Requests for additional information or information on respondents, including
as required by 26 U.S.C. 6103. copies of notice should be directed to through the use of automated collection
Request for Comments: Comments Sara Covington at Internal Revenue techniques or other forms of information
submitted in response to this notice will Service, Room 6526, 1111 Constitution technology; and (e) estimates of capital
be summarized and/or included in the Avenue NW., Washington, DC 20224, or or start-up costs and costs of operation,
request for OMB approval. All through the internet at maintenance, and purchase of services
comments will become a matter of Sara.L.Covington@irs.gov. to provide information.
public record. SUPPLEMENTARY INFORMATION: Approved: September 15, 2016.
Comments are invited on: (a) Whether Title: Interim Guidance Regarding
the collection of information is Tuawana Pinkston,
Supporting Organizations and Donor
necessary for the proper performance of IRS Supervisory Tax Analyst.
Advised Funds.
the functions of the agency, including OMB Number: 1545–2050. [FR Doc. 2016–23147 Filed 9–23–16; 8:45 am]
whether the information shall have Notice Number: Notice 2006–109. BILLING CODE 4830–01–P
practical utility; (b) the accuracy of the Abstract: This notice provides interim
agency’s estimate of the burden of the guidance regarding application of new
collection of information; (c) ways to or revised requirements under sections DEPARTMENT OF THE TREASURY
mstockstill on DSK3G9T082PROD with NOTICES

enhance the quality, utility, and clarity 1231 and 1241–1244 of the Pension
of the information to be collected; (d) Protection Act of 2006. It also provides Internal Revenue Service
ways to minimize the burden of the interim relief from application of new Proposed Collection; Comment
collection of information on excise taxes on private foundation Request for Form 8612
respondents, including through the use grants to supporting organizations and
of automated collection techniques or on sponsoring organizations of donor AGENCY: Internal Revenue Service (IRS),
other forms of information technology; advised funds. Treasury.

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66126 Federal Register / Vol. 81, No. 186 / Monday, September 26, 2016 / Notices

Notice and request for
ACTION: as their contents may become material ADDRESSES: Direct all written comments
comments. in the administration of any internal to Tuawana Pinkston, Internal Revenue
revenue law. Generally, tax returns and Service, Room 6526, 1111 Constitution
SUMMARY: The Department of the tax return information are confidential, Avenue NW., Washington, DC 20224.
Treasury, as part of its continuing effort as required by 26 U.S.C. 6103. FOR FURTHER INFORMATION CONTACT:
to reduce paperwork and respondent Request for Comments: Comments Requests for additional information or
burden, invites the general public and submitted in response to this notice will copies of the regulations should be
other Federal agencies to take this be summarized and/or included in the directed to Sara Covington at Internal
opportunity to comment on proposed request for OMB approval. All Revenue Service, Room 6526, 1111
and/or continuing information comments will become a matter of Constitution Avenue NW., Washington,
collections, as required by the public record. Comments are invited on: DC 20224, or through the internet at
Paperwork Reduction Act of 1995, (a) Whether the collection of Sara.L.Covington@irs.gov.
Public Law 104–13 (44 U.S.C. information is necessary for the proper
3506(c)(2)(A)). Currently, the IRS is SUPPLEMENTARY INFORMATION:
performance of the functions of the Title: Electronic Payee Statements.
soliciting comments concerning Form agency, including whether the
8612, Return of Excise Tax on OMB Number: 1545–1729.
information shall have practical utility; Regulation Project Number: REG–
Undistributed Income of Real Estate (b) the accuracy of the agency’s estimate
Investment Trusts. 107186–00 (TD 9114).
of the burden of the collection of Abstract: In general, under these
DATES: Written comments should be information; (c) ways to enhance the regulations, a person required to furnish
received on or before November 25, quality, utility, and clarity of the a statement on Form W–2 under Code
2016 to be assured of consideration. information to be collected; (d) ways to sections 6041(d) or 6051, or Forms
ADDRESSES: Direct all written comments minimize the burden of the collection of 1098–T or 1098–E under Code section
to Tuawana Pinkston, Internal Revenue information on respondents, including 6050S, may furnish these statements
Service, Room 6526, 1111 Constitution through the use of automated collection electronically if the recipient consents
Avenue NW., Washington, DC 20224. techniques or other forms of information to receive them electronically, and if the
FOR FURTHER INFORMATION CONTACT: technology; and (e) estimates of capital person furnishing the statement (1)
Requests for additional information or or start-up costs and costs of operation, makes certain disclosures to the
copies of the form and instructions maintenance, and purchase of services recipient, (2) annually notifies the
should be directed to Sara Covington, at to provide information. recipient that the statement is available
Internal Revenue Service, Room 6526, Approved: September 8, 2016. on a Web site, and (3) provides access
1111 Constitution Avenue NW., Tuawana Pinkston, to the statement on that Web site for a
Washington, DC 20224, or through the IRS Supervisory Tax Analyst. prescribed period of time.
internet at Sara.L.Covington@irs.gov. [FR Doc. 2016–23152 Filed 9–23–16; 8:45 am] Current Actions: There is no change to
SUPPLEMENTARY INFORMATION: BILLING CODE 4830–01–P
these existing regulations.
Title: Return of Excise Tax on Type of Review: Extension of a
Undistributed Income of Real Estate currently approved collection.
Investment Trusts. DEPARTMENT OF THE TREASURY Affected Public: Business or other for-
OMB Number: 1545–1013. profit organizations, and individual or
Form Number: Form 8612. Internal Revenue Service households.
Abstract: Form 8612 is used by real Estimated Number of Respondents/
[REG–107186–00]
estate investment trusts to compute and Recordkeepers: 28,449,495.
pay the excise tax on undistributed Proposed Collection; Comment Estimated Average Annual Burden
income imposed under section 4981 of Request for Regulation Project per Respondents/Recordkeepers: 6
the Internal Revenue Code. The IRS uses minutes.
the information to verify that the correct AGENCY: Internal Revenue Service (IRS), Estimated Total Annual Reporting/
amount of tax has been reported. Treasury. Recording Hours: 2,844,950.
Current Actions: There are no changes ACTION: Notice and request for The following paragraph applies to all
being made to the form at this time. comments. of the collections of information covered
Type of Review: Extension of a by this notice:
currently approved collection. SUMMARY: The Department of the An agency may not conduct or
Affected Public: Business or other for- Treasury, as part of its continuing effort sponsor, and a person is not required to
profit organizations. to reduce paperwork and respondent respond to, a collection of information
Estimated Number of Respondents: burden, invites the general public and unless the collection of information
20. other Federal agencies to take this displays a valid OMB control number.
Estimated Time per Respondent: 9 opportunity to comment on proposed Books or records relating to a collection
hours, 48 minutes. and/or continuing information of information must be retained as long
Estimated Total Annual Burden collections, as required by the as their contents may become material
Hours: 196. Paperwork Reduction Act of 1995, in the administration of any internal
The following paragraph applies to all Public Law 104–13 (44 U.S.C. revenue law. Generally, tax returns and
of the collections of information covered 3506(c)(2)(A)). Currently, the IRS is tax return information are confidential,
by this notice: soliciting comments concerning an as required by 26 U.S.C. 6103.
mstockstill on DSK3G9T082PROD with NOTICES

An agency may not conduct or existing final regulation, REG–107186– Request for Comments: Comments
sponsor, and a person is not required to 00 (TD 9114), Electronic Payee submitted in response to this notice will
respond to, a collection of information Statements (§§ 1.6041–2, 1.6050S–2, be summarized and/or included in the
unless the collection of information 1.6050S–4, and 31.6051–1). request for OMB approval. All
displays a valid OMB control number. DATES: Written comments should be comments will become a matter of
Books or records relating to a collection received on or before November 25, public record. Comments are invited on:
of information must be retained as long 2016 to be assured of consideration. (a) Whether the collection of

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Document Created: 2018-02-09 13:22:42
Document Modified: 2018-02-09 13:22:42

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 25, 2016 to be assured of consideration.
Contact		Requests for additional information or copies of the form and instructions should be directed to Sara Covington, at Internal Revenue Service, Room 6526, 1111 Constitution Avenue NW., Washington, DC 20224, or through the internet at [email protected]
FR Citation		81 FR 66125

81 FR 66125 - Proposed Collection; Comment Request for Form 8612

DEPARTMENT OF THE TREASURYInternal Revenue Service

Federal Register Volume 81, Issue 186 (September 26, 2016)

DEPARTMENT OF THE TREASURY
Internal Revenue Service