81 FR 66739 - Proposed Collection; Comment Request for Form 1128

DEPARTMENT OF THE TREASURY
Internal Revenue Service

Federal Register Volume 81, Issue 188 (September 28, 2016)

Page Range		66739-66740
FR Document		2016-23407

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 1128, Application to Adopt, Change, or Retain a Tax Year.

Federal Register, Volume 81 Issue 188 (Wednesday, September 28, 2016)

[Federal Register Volume 81, Number 188 (Wednesday, September 28, 2016)]
[Notices]
[Pages 66739-66740]
From the Federal Register Online  [www.thefederalregister.org]
[FR Doc No: 2016-23407]


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DEPARTMENT OF THE TREASURY

Internal Revenue Service


Proposed Collection; Comment Request for Form 1128

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 
Form 1128, Application to Adopt, Change, or Retain a Tax Year.

DATES: Written comments should be received on or before November 28, 
2016 to be assured of consideration.

ADDRESSES: Direct all written comments to Tuawana Pinkston, Internal 
Revenue Service, Room 6527, 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 R. Joseph 
Durbala, at (202) 317-5746, or at Internal Revenue Service, Room 6129, 
1111 Constitution Avenue NW., Washington, DC 20224, or through the 
internet, at [email protected].

SUPPLEMENTARY INFORMATION: 
    Title: Application to Adopt, Change, or Retain a Tax Year.
    OMB Number: 1545-0134.
    Form Number: 1128.
    Abstract: Section 442 of the Internal Revenue Code requires that a 
change in a taxpayer's annual accounting period be approved by the 
Secretary. Under regulation section 1.442-1(b), a taxpayer must file 
Form 1128 to secure prior approval unless the taxpayer can 
automatically make the change. The IRS uses the information on the form 
to determine whether the application should be approved.
    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, 
Individuals, Not-for-profit institutions, and Farms.
    Estimated Number of Respondents: 9,788.
    Estimated Time per Respondent: 23 hours, 43 minutes.
    Estimated Total Annual Burden Hours: 232,066.
    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,

[[Page 66740]]

maintenance, and purchase of services to provide information.

    Approved: September 21, 2016.
R. Joseph Durbala,
IRS, Tax Analyst.
[FR Doc. 2016-23407 Filed 9-27-16; 8:45 am]
BILLING CODE 4830-01-P

Federal Register / Vol. 81, No. 188 / Wednesday, September 28, 2016 / Notices 66739

soliciting comments concerning TD request for OMB approval. All DC 20224, or through the internet, at
8251, Credit for Increasing Research comments will become a matter of RJoseph.Durbala@irs.gov.
Activity. public record. Comments are invited on: SUPPLEMENTARY INFORMATION:
DATES: Written comments should be (a) Whether the collection of Title: Application to Adopt, Change,
received on or before November 28, information is necessary for the proper or Retain a Tax Year.
2016 to be assured of consideration. performance of the functions of the OMB Number: 1545–0134.
agency, including whether the Form Number: 1128.
ADDRESSES: Direct all written comments
information shall have practical utility; Abstract: Section 442 of the Internal
to Tuawana Pinkston, Internal Revenue
(b) the accuracy of the agency’s estimate Revenue Code requires that a change in
Service, Room 6526, 1111 Constitution
of the burden of the collection of a taxpayer’s annual accounting period
Avenue NW., Washington, DC 20224.
information; (c) ways to enhance the be approved by the Secretary. Under
FOR FURTHER INFORMATION CONTACT: quality, utility, and clarity of the regulation section 1.442–1(b), a taxpayer
Requests for additional information or information to be collected; (d) ways to must file Form 1128 to secure prior
copies of the regulations should be minimize the burden of the collection of approval unless the taxpayer can
directed to Martha R. Brinson, Internal information on respondents, including automatically make the change. The IRS
Revenue Service, Room 6129, 1111 through the use of automated collection uses the information on the form to
Constitution Avenue NW., Washington, techniques or other forms of information determine whether the application
DC 20224, or through the Internet at technology; and (e) estimates of capital should be approved.
Martha.R.Brinson@irs.gov. or start-up costs and costs of operation, Current Actions: There are no changes
SUPPLEMENTARY INFORMATION: maintenance, and purchase of services being made to the form at this time.
Title: Credit for Increasing Research to provide information. Type of Review: Extension of a
Activity. currently approved collection.
Approved: September 15, 2016.
OMB Number: 1545–0732.
Tuawana Pinkston, Affected Public: Business or other for-
Regulation Project Number: T.D. 8251.
Abstract: This regulation provides IRS Reports Clearance Officer. profit organizations, Individuals, Not-
rules for the credit for increasing [FR Doc. 2016–23393 Filed 9–27–16; 8:45 am]
for-profit institutions, and Farms.
research activities. Internal Revenue Estimated Number of Respondents:
BILLING CODE 4830–01–P
Code section 41(f) provides that 9,788.
commonly controlled groups of Estimated Time per Respondent: 23
taxpayers shall compute the credit as if DEPARTMENT OF THE TREASURY hours, 43 minutes.
they are single taxpayer. The credit Estimated Total Annual Burden
allowed to a member of the group is a Internal Revenue Service Hours: 232,066.
portion of the group’s credit. Section The following paragraph applies to all
Proposed Collection; Comment of the collections of information covered
1.41–8(d) of the regulation permits a
Request for Form 1128 by this notice:
corporation that is a member of more
than one group to designate which An agency may not conduct or
AGENCY: Internal Revenue Service (IRS),
controlled group they will be aggregated sponsor, and a person is not required to
Treasury.
with the purposes of Code section 41(f). respond to, a collection of information
ACTION: Notice and request for unless the collection of information
Current Actions: There is no change to comments.
this existing regulation. displays a valid OMB control number.
Type of Review: Extension of SUMMARY: The Department of the Books or records relating to a collection
currently approved collection. Treasury, as part of its continuing effort of information must be retained as long
Affected Public: Business or other for- to reduce paperwork and respondent as their contents may become material
profit organizations. burden, invites the general public and in the administration of any internal
Estimated Number of Respondents: other Federal agencies to take this revenue law. Generally, tax returns and
250. opportunity to comment on proposed tax return information are confidential,
Estimated Time per Respondent: 15 and/or continuing information as required by 26 U.S.C. 6103.
hours. collections, as required by the Request for Comments: Comments
Estimated Total Annual Burden Paperwork Reduction Act of 1995, submitted in response to this notice will
Hours: 63. Public Law 104–13 (44 U.S.C. be summarized and/or included in the
The following paragraph applies to all 3506(c)(2)(A)). Currently, the IRS is request for OMB approval. All
of the collections of information covered soliciting comments concerning Form comments will become a matter of
by this notice: 1128, Application to Adopt, Change, or public record. Comments are invited on:
An agency may not conduct or Retain a Tax Year. (a) Whether the collection of
sponsor, and a person is not required to information is necessary for the proper
DATES: Written comments should be
respond to, a collection of information performance of the functions of the
received on or before November 28, agency, including whether the
unless the collection of information
2016 to be assured of consideration. information shall have practical utility;
displays a valid OMB control number.
Books or records relating to a ADDRESSES: Direct all written comments (b) the accuracy of the agency’s estimate
collection of information must be to Tuawana Pinkston, Internal Revenue of the burden of the collection of
retained as long as their contents may Service, Room 6527, 1111 Constitution information; (c) ways to enhance the
become material in the administration Avenue NW., Washington, DC 20224. quality, utility, and clarity of the
mstockstill on DSK3G9T082PROD with NOTICES

of any internal revenue law. Generally, FOR FURTHER INFORMATION CONTACT: information to be collected; (d) ways to
tax returns and tax return information Requests for additional information or minimize the burden of the collection of
are confidential, as required by 26 copies of the form and instructions information on respondents, including
U.S.C. 6103. should be directed to R. Joseph Durbala, through the use of automated collection
Request for Comments: Comments at (202) 317–5746, or at Internal techniques or other forms of information
submitted in response to this notice will Revenue Service, Room 6129, 1111 technology; and (e) estimates of capital
be summarized and/or included in the Constitution Avenue NW., Washington, or start-up costs and costs of operation,

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66740 Federal Register / Vol. 81, No. 188 / Wednesday, September 28, 2016 / Notices

maintenance, and purchase of services Type of Review: Extension of a Notice and request for
ACTION:
to provide information. currently approved collection. comments.
Approved: September 21, 2016. Affected Public: Individuals or
households, business or other for-profit SUMMARY: The Department of the
R. Joseph Durbala, Treasury, as part of its continuing effort
IRS, Tax Analyst.
organizations, not-for-profit institutions,
farms, Federal government, and state, to reduce paperwork and respondent
[FR Doc. 2016–23407 Filed 9–27–16; 8:45 am]
local or tribal governments. burden, invites the general public and
BILLING CODE 4830–01–P other Federal agencies to take this
Estimated Number of Respondents:
opportunity to comment on proposed
3,000.
and/or continuing information
DEPARTMENT OF THE TREASURY Estimated Time per Respondent: 40
collections, as required by the
hours.
Paperwork Reduction Act of 1995,
Internal Revenue Service Estimated Total Annual Burden Public Law 104–13 (44 U.S.C.
Hours: 120,000. 3506(c)(2)(A)). Currently, the IRS is
Proposed Collection; Comment The following paragraph applies to all soliciting comments concerning TD
Request for Revenue Procedure 98–25 of the collections of information covered 8578, Election Out of Subchapter K for
AGENCY: Internal Revenue Service (IRS), by this notice: Producers of Natural Gas.
Treasury. An agency may not conduct or DATES: Written comments should be
sponsor, and a person is not required to received on or before November 28,
ACTION: Notice and request for
respond to, a collection of information 2016 to be assured of consideration.
comments.
unless the collection of information
ADDRESSES: Direct all written comments
SUMMARY: The Department of the displays a valid OMB control number.
to Tuawana Pinkston, Internal Revenue
Treasury, as part of its continuing effort Books or records relating to a collection
Service, Room 6526, 1111 Constitution
to reduce paperwork and respondent of information must be retained as long
Avenue NW., Washington, DC 20224.
burden, invites the general public and as their contents may become material
in the administration of any internal FOR FURTHER INFORMATION CONTACT:
other Federal agencies to take this Requests for additional information or
opportunity to comment on proposed revenue law. Generally, tax returns and
tax return information are confidential, copies of the regulations should be
and/or continuing information directed to Martha R. Brinson, Internal
collections, as required by the as required by 26 U.S.C. 6103.
Request for Comments: Comments Revenue Service, Room 6129, 1111
Paperwork Reduction Act of 1995, Constitution Avenue NW., Washington,
Public Law 104–13 (44 U.S.C. submitted in response to this notice will
be summarized and/or included in the DC 20224, or through the Internet at
3506(c)(2)(A)). Currently, the IRS is Martha.R.Brinson@irs.gov.
soliciting comments concerning request for OMB approval. All
comments will become a matter of SUPPLEMENTARY INFORMATION:
Revenue Procedure 98–25, Automatic
public record. Comments are invited on: Title: Election Out of Subchapter K for
Data Processing.
(a) Whether the collection of Producers of Natural Gas.
DATES: Written comments should be OMB Number: 1545–1338.
received on or before November 28, information is necessary for the proper
Regulation Project Number: T.D. 8578.
2016 to be assured of consideration. performance of the functions of the Abstract: This regulation contains
agency, including whether the certain requirements that must be met
ADDRESSES: Direct all written comments
information shall have practical utility; by co-producers of natural gas subject to
to Tuawana Pinkston, Internal Revenue
(b) the accuracy of the agency’s estimate a joint operating agreement in order to
Service, Room 6526, 1111 Constitution
of the burden of the collection of elect out of subchapter K of chapter 1
Avenue NW., Washington, DC 20224.
information; (c) ways to enhance the of the Internal Revenue Code. Under
FOR FURTHER INFORMATION CONTACT: quality, utility, and clarity of the
Requests for additional information or regulation section 1.761–2(d)(5)(i), gas
information to be collected; (d) ways to producers subject to gas balancing
copies of the revenue procedure should minimize the burden of the collection of
be directed to Martha R. Brinson, agreements must file Form 3115 and
information on respondents, including certain additional information to obtain
Internal Revenue Service, Room 6129, through the use of automated collection
1111 Constitution Avenue NW., the Commissioner’s consent to a change
techniques or other forms of information in method of accounting to either of the
Washington, DC 20224, or through the technology; and (e) estimates of capital
Internet at Martha.R.Brinson@irs.gov. two permissible accounting methods
or start-up costs and costs of operation, described in the regulations.
SUPPLEMENTARY INFORMATION: maintenance, and purchase of services Current Actions: There is no change to
Title: Automatic Data Processing. to provide information. this existing regulation.
OMB Number: 1545–1595. Type of Review: Extension of a
Approved: September 19, 2016.
Revenue Procedure Number: Revenue currently approved collection.
Tuawana Pinkston,
Procedure 98–25. Affected Public: Individuals or
Abstract: Revenue Procedure 98–25 IRS Reports Clearance Officer.
households, and business or other for-
provides taxpayers with comprehensive [FR Doc. 2016–23421 Filed 9–27–16; 8:45 am]
profit organizations.
guidance on requirements for keeping BILLING CODE 4830–01–P
Estimated Number of Respondents:
and providing IRS access to electronic 10.
tax records. The revenue procedure Estimated Time per Respondent: 30
requires taxpayers to retain electronic, DEPARTMENT OF THE TREASURY
mstockstill on DSK3G9T082PROD with NOTICES

minutes.
or ‘‘machine-sensible’’ records, ‘‘so long Estimated Total Annual Burden
as their contents may become material Internal Revenue Service
Hours: 5.
to the administration of the internal Proposed Collection; Comment The following paragraph applies to all
revenue laws.’’ Such materiality would Request for Regulation Project of the collections of information covered
continue, according to IRS, at least until by this notice:
the period of limitations, including AGENCY: Internal Revenue Service (IRS), An agency may not conduct or
extensions, expires for each tax year. Treasury. sponsor, and a person is not required to

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Document Created: 2016-09-28 01:08:01
Document Modified: 2016-09-28 01:08:01

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 28, 2016 to be assured of consideration.
Contact		Requests for additional information or copies of the form and instructions should be directed to R. Joseph Durbala, at (202) 317-5746, or at Internal Revenue Service, Room 6129, 1111 Constitution Avenue NW., Washington, DC 20224, or through the internet, at [email protected]
FR Citation		81 FR 66739

81 FR 66739 - Proposed Collection; Comment Request for Form 1128

DEPARTMENT OF THE TREASURYInternal Revenue Service

Federal Register Volume 81, Issue 188 (September 28, 2016)

DEPARTMENT OF THE TREASURY
Internal Revenue Service