81 FR 79118 - Proposed Collection; Comment Request for Regulation Project

DEPARTMENT OF THE TREASURY
Internal Revenue Service

Federal Register Volume 81, Issue 218 (November 10, 2016)

Page Range		79118-79119
FR Document		2016-27102

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 revised regulations concerning section 403(b) tax- sheltered annuity contracts.

Federal Register, Volume 81 Issue 218 (Thursday, November 10, 2016)

[Federal Register Volume 81, Number 218 (Thursday, November 10, 2016)]
[Notices]
[Pages 79118-79119]
From the Federal Register Online  [www.thefederalregister.org]
[FR Doc No: 2016-27102]


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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.

-----------------------------------------------------------------------

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

[[Page 79119]]

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 revised regulations concerning section 403(b) tax-
sheltered annuity contracts.

DATES: Written comments should be received on or before January 9, 2017 
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 regulations 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: Revised Regulations Concerning Section 403(b) Tax-Sheltered 
Annuity Contracts.
    OMB Number: 1545-2068.
    Regulation Project Number: TD 9340.
    Abstract: The collection of information in the regulations is in 
final regulations under section 403(b) of the Internal Revenue Code and 
under related provisions of sections 402(b), 402(g), 402A, and 414(c). 
The regulations provide updated guidance on section 403(b) contracts of 
public schools and tax-exempt organizations described in section 
501(c)(3). Such information exchange is necessary to ensure compliance 
with tax law requirements relating to loans and hardship distributions 
from section 403(b) plans and sponsors of section 403(b) contracts, 
administrators, participants, and beneficiaries.
    Current Actions: There are no changes being made to this 
regulation.
    Type of Review: Extension of a previously approved collection.
    Affected Public: Individuals or households, state, local or tribal 
governments, and not-for-profit institutions.
    Estimated Number of Respondents: 11,000.
    Estimated Number of Responses: 90,000.
    Estimated Time per Respondent: 4.1 hours.
    Estimated Total Annual Burden Hours: 45,000.
    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: October 27, 2016.
Tuawana Pinkston,
IRS Reports Clearance Officer.
[FR Doc. 2016-27102 Filed 11-9-16; 8:45 am]
BILLING CODE 4830-01-P

79118 Federal Register / Vol. 81, No. 218 / Thursday, November 10, 2016 / Notices

DC 20224, or through the Internet at Approved: October 18, 2016. Estimated Number of Respondents:
Martha.R.Brinson@irs.gov. Tuawana Pinkston, 2,000.
SUPPLEMENTARY INFORMATION: IRS Reports Clearance Officer. Estimated Time per Respondent: 21
Title: Election, Revocation, [FR Doc. 2016–27103 Filed 11–9–16; 8:45 am] hours, 6 minutes.
Termination, and Tax Effect of BILLING CODE 4830–01–P
Estimated Total Annual Reporting
Subchapter S Status. Burden Hours: 42,220.
OMB Number: 1545–1308. The following paragraph applies to all
Regulation Project Number: TD 8449. DEPARTMENT OF THE TREASURY of the collections of information covered
Abstract: Section 1362 of the Internal by this notice:
Revenue Code provides for the election, Internal Revenue Service An agency may not conduct or
termination, and tax effect of subchapter sponsor, and a person is not required to
Proposed Collection; Comment respond to, a collection of information
S status. Sections 1.1362–1 through
Request for Form 970 unless the collection of information
1.1362–7 of this regulation provides the
specific procedures and requirements displays a valid OMB control number.
AGENCY: Internal Revenue Service (IRS), Books or records relating to a collection
necessary to implement Code section Treasury.
1362, including the filing of various of information must be retained as long
ACTION: Notice and request for as their contents may become material
elections and statements with the comments.
Internal Revenue Service. in the administration of any internal
Current Actions: There is no change revenue law. Generally, tax returns and
SUMMARY: The Department of the
in the paperwork burden previously tax return information are confidential,
Treasury, as part of its continuing effort
approved by OMB. as required by 26 U.S.C. 6103.
to reduce paperwork and respondent Request for Comments: Comments
Type of Review: Extension of a burden, invites the general public and submitted in response to this notice will
currently approved collection. other Federal agencies to take this be summarized and/or included in the
Affected Public: Individuals or opportunity to comment on proposed request for OMB approval. All
households, business or other for-profit and/or continuing information comments will become a matter of
organizations, and farms. collections, as required by the public record. Comments are invited on:
Estimated Number of Respondents: Paperwork Reduction Act of 1995, (a) Whether the collection of
133. Public Law 104–13 (44 U.S.C. information is necessary for the proper
Estimated Time per Respondent: 2 3506(c)(2)(A)). Currently, the IRS is performance of the functions of the
hours, 25 minutes. soliciting comments concerning Form agency, including whether the
Estimated Total Annual Burden 970, Application To Use LIFO Inventory information shall have practical utility;
Hours: 322. Method. (b) the accuracy of the agency’s estimate
An agency may not conduct or DATES: Written comments should be of the burden of the collection of
sponsor, and a person is not required to received on or before January 9, 2017 to information; (c) ways to enhance the
respond to, a collection of information be assured of consideration. quality, utility, and clarity of the
unless the collection of information
ADDRESSES: Direct all written comments information to be collected; (d) ways to
displays a valid OMB control number.
to Tuawana Pinkston, Internal Revenue minimize the burden of the collection of
Books or records relating to a collection
Service, Room 6526, 1111 Constitution information on respondents, including
of information must be retained as long
Avenue NW., Washington, DC 20224. through the use of automated collection
as their contents may become material
FOR FURTHER INFORMATION CONTACT: techniques or other forms of information
in the administration of any internal
Requests for additional information or technology; and (e) estimates of capital
revenue law. Generally, tax returns and
copies of the form and instructions or start-up costs and costs of operation,
tax return information are confidential,
should be directed to LaNita VanDyke, maintenance, and purchase of services
as required by 26 U.S.C. 6103.
Internal Revenue Service, Room 6526, to provide information.
Request for Comments: Comments
submitted in response to this notice will 1111 Constitution Avenue NW., Approved: November 1, 2016.
be summarized and/or included in the Washington, DC 20224, or through the Tuawana Pinkston,
request for OMB approval. All internet at Lanita.VanDyke@irs.gov. IRS Reports Clearance Officer.
comments will become a matter of SUPPLEMENTARY INFORMATION: [FR Doc. 2016–27098 Filed 11–9–16; 8:45 am]
public record. Comments are invited on: Title: Application To Use LIFO BILLING CODE 4830–01–P
(a) Whether the collection of Inventory Method.
information is necessary for the proper OMB Number: 1545–0042.
performance of the functions of the Form Number: Form 970. DEPARTMENT OF THE TREASURY
agency, including whether the Abstract: Form 970 is filed by
information shall have practical utility; individuals, partnerships, trusts, estates, Internal Revenue Service
(b) the accuracy of the agency’s estimate or corporations to elect to use the last-
of the burden of the collection of in first-out (LIFO) inventory method or Proposed Collection; Comment
information; (c) ways to enhance the to extend the LIFO method to additional Request for Regulation Project
quality, utility, and clarity of the goods. The IRS uses Form 970 to AGENCY: Internal Revenue Service (IRS),
information to be collected; (d) ways to determine if the election was properly
asabaliauskas on DSK3SPTVN1PROD with NOTICES

Treasury.
minimize the burden of the collection of made. ACTION: Notice and request for
information on respondents, including Current Actions: There are no changes comments.
through the use of automated collection being made to Form 970 at this time.
techniques or other forms of information Type of Review: Extension of a SUMMARY: The Department of the
technology; and (e) estimates of capital currently approved collection. Treasury, as part of its continuing effort
or start-up costs and costs of operation, Affected Public: Business or other for- to reduce paperwork and respondent
maintenance, and purchase of services profit organizations and individual or burden, invites the general public and
to provide information. households. other Federal agencies to take this

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Federal Register / Vol. 81, No. 218 / Thursday, November 10, 2016 / Notices 79119

opportunity to comment on proposed Books or records relating to a collection issued in October 2015 and identifies
and/or continuing information of information must be retained as long VA’s preferred alternative in the Final
collections, as required by the as their contents may become material EIS. The Final EIS uses the substitution
Paperwork Reduction Act of 1995, in the administration of any internal approach for integrating compliance
Public Law 104–13 (44 U.S.C. revenue law. Generally, tax returns and with Section 106 of the National
3506(c)(2)(A)). Currently, the IRS is tax return information are confidential, Historic Preservation Act (NHPA) into
soliciting comments concerning revised as required by 26 U.S.C. 6103. the EIS process.
regulations concerning section 403(b) Request for Comments: Comments DATES: VA will publish a Record of
tax-sheltered annuity contracts. submitted in response to this notice will Decision no sooner than 30 days after
DATES: Written comments should be be summarized and/or included in the publication of the U.S. Environmental
received on or before January 9, 2017 to request for OMB approval. All Protection Agency’s Notice of
be assured of consideration. comments will become a matter of Availability in the Federal Register.
ADDRESSES: Direct all written comments public record. Comments are invited on: ADDRESSES: The 2016 Final EIS is
to Tuawana Pinkston, Internal Revenue (a) Whether the collection of available for viewing on the Web site
Service, Room 6526, 1111 Constitution information is necessary for the proper www.blackhills.va.gov/
Avenue NW., Washington, DC 20224. performance of the functions of the vablackhillsfuture/. Copies of the Final
agency, including whether the EIS are also available in the following
FOR FURTHER INFORMATION CONTACT:
information shall have practical utility; locations: Hot Springs; Rapid City
Requests for additional information or
(b) the accuracy of the agency’s estimate Downtown; Sturgis; Chadron; Alliance;
copies of the regulations should be
of the burden of the collection of Lied Scottsbluff; and Pierre (Rawlins
directed to Kerry Dennis at Internal
information; (c) ways to enhance the Municipal) public libraries, as well as in
Revenue Service, Room 6526, 1111
quality, utility, and clarity of the Pine Ridge at the Oglala Lakota College
Constitution Avenue NW., Washington,
information to be collected; (d) ways to Pine Ridge Center library on the high
DC 20224, or through the internet at
minimize the burden of the collection of school campus.
Kerry.Dennis@irs.gov.
information on respondents, including FOR FURTHER INFORMATION CONTACT: Staff
SUPPLEMENTARY INFORMATION: through the use of automated collection
Title: Revised Regulations Concerning Assistant to the Director, VA Black Hills
techniques or other forms of information Health Care System, 113 Comanche
Section 403(b) Tax-Sheltered Annuity technology; and (e) estimates of capital
Contracts. Road, Fort Meade, SD 57741, or by
or start-up costs and costs of operation, email to vablackhillsfuture@va.gov.
OMB Number: 1545–2068. maintenance, and purchase of services
Regulation Project Number: TD 9340. Information related to the EIS process
to provide information. is also available for viewing on the VA
Abstract: The collection of
information in the regulations is in final Approved: October 27, 2016. BHHCS Web site www.blackhills.va.gov/
regulations under section 403(b) of the Tuawana Pinkston, vablackhillsfuture/.
Internal Revenue Code and under IRS Reports Clearance Officer. SUPPLEMENTARY INFORMATION: VA
related provisions of sections 402(b), [FR Doc. 2016–27102 Filed 11–9–16; 8:45 am] BHHCS provides health care to
402(g), 402A, and 414(c). The BILLING CODE 4830–01–P
approximately 19,000 Veterans over
regulations provide updated guidance 100,000 square miles in western South
on section 403(b) contracts of public Dakota (SD), northwestern Nebraska
schools and tax-exempt organizations (NE), and eastern Wyoming (WY). VA
DEPARTMENT OF VETERANS BHHCS consists of two medical centers
described in section 501(c)(3). Such AFFAIRS
information exchange is necessary to at Fort Meade and Hot Springs, 11
ensure compliance with tax law Notice of Availability of a Final community-based outpatient clinics
requirements relating to loans and Environmental Impact Statement (EIS) (CBOCs), and six Compensated Work
hardship distributions from section for the Reconfiguration of VA Black Therapy locations. VA BHHCS has
403(b) plans and sponsors of section Hills Health Care System (BHHCS) identified a need to reconfigure the
403(b) contracts, administrators, health care services to ensure it
participants, and beneficiaries. AGENCY: Department of Veterans Affairs continues to provide high quality, safe,
Current Actions: There are no changes (VA). and accessible health care services
being made to this regulation. ACTION: Notice of Availability. across its service area. The existing
Type of Review: Extension of a locations and facilities constrain the
previously approved collection. SUMMARY: VA announces the availability quality of care, range of services, and
Affected Public: Individuals or of the Final EIS for the Reconfiguration access to care that VA offers in the
households, state, local or tribal of the VA Black Hills Health Care catchment area. The Hot Springs
governments, and not-for-profit System (BHHCS). Pursuant to the campus includes buildings constructed
institutions. National Environmental Policy Act in 1907 as part of the Battle Mountain
Estimated Number of Respondents: (NEPA) of 1969, as amended (42 U.S.C. Branch of the National Home for
11,000. 4321, et seq.), the Council on Disabled Volunteer Soldiers. The Battle
Estimated Number of Responses: Environmental Quality’s (CEQ’s) Mountain Sanitarium was recognized as
90,000. regulations for implementing the a National Historic Landmark in 2011.
Estimated Time per Respondent: 4.1 procedural provisions of NEPA (40 Code Pursuant to NEPA, VA has identified
asabaliauskas on DSK3SPTVN1PROD with NOTICES

hours. of Federal Regulations [CFR] Parts and analyzed potential environmental
Estimated Total Annual Burden 1500–1508), VA’s NEPA regulations impacts for a range of alternatives to the
Hours: 45,000. titled ‘‘Environmental Effects of the Proposed Action. These include seven
An agency may not conduct or Department of Veterans Affairs Actions’’ alternatives, including the No Action
sponsor, and a person is not required to (38 CFR part 26), and VA’s ‘‘NEPA Alternative, as well as a supplement to
respond to, a collection of information Interim Guidance for Projects’’ (VA five of the alternatives for re-use of part
unless the collection of information 2010), VA has considered comments or all of the existing Hot Springs
displays a valid OMB control number. received on the Draft EIS, which was campus. The alternatives propose

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Document Created: 2016-11-10 01:44:00
Document Modified: 2016-11-10 01:44:00

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 January 9, 2017 to be assured of consideration.
Contact		Requests for additional information or copies of the regulations 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 79118

81 FR 79118 - Proposed Collection; Comment Request for Regulation Project

DEPARTMENT OF THE TREASURYInternal Revenue Service

Federal Register Volume 81, Issue 218 (November 10, 2016)

DEPARTMENT OF THE TREASURY
Internal Revenue Service