81 FR 81246 - Proposed Collection; Comment Request for Regulation Project

DEPARTMENT OF THE TREASURY
Internal Revenue Service

Federal Register Volume 81, Issue 222 (November 17, 2016)

Page Range		81246-81247
FR Document		2016-27612

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 requirements for investments to qualify under section 936(d)(4) as investments in qualified Caribbean Basin countries.

Federal Register, Volume 81 Issue 222 (Thursday, November 17, 2016)

[Federal Register Volume 81, Number 222 (Thursday, November 17, 2016)]
[Notices]
[Pages 81246-81247]
From the Federal Register Online  [www.thefederalregister.org]
[FR Doc No: 2016-27612]


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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 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 
requirements for investments to qualify under section 936(d)(4) as 
investments in qualified Caribbean Basin countries.

DATES: Written comments should be received on or before January 17, 
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 Allan Hopkins, at 
Internal Revenue Service, Room 6129, 1111 Constitution Avenue NW., 
Washington, DC 20224, or through the Internet at 
[email protected].

SUPPLEMENTARY INFORMATION:
    Title: Requirements for Investments To Qualify Under Section 
936(d)(4) as Investments in Qualified Caribbean Basin Countries.
    OMB Number: 1545-1138.
    Regulation Project Number: TD 8350.
    Abstract: The collection of information is required by the Internal

[[Page 81247]]

Revenue Service to verify that an investment qualifies under IRC 
section 936(d)(4). The recordkeepers will be possession corporations, 
certain financial institutions located in Puerto Rico, and borrowers of 
funds covered by this regulation.
    Current Actions: There is no change to this existing regulation.
    Type of Review: Extension of currently approved collection.
    Affected Public: Business or other for-profit organizations.
    Estimated Number of Respondents: 50.
    Estimated Time per Respondent: 30 minutes.
    Estimated Total Annual Reporting Burden Hours: 1,500.

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: November 9, 2016.
Allan Hopkins,
Tax analyst.
[FR Doc. 2016-27612 Filed 11-16-16; 8:45 am]
 BILLING CODE 4830-01-P

81246 Federal Register / Vol. 81, No. 222 / Thursday, November 17, 2016 / Notices

Request for Comments: Comments FOR FURTHER INFORMATION CONTACT: quality, utility, and clarity of the
submitted in response to this notice will Requests for additional information or information to be collected; (d) ways to
be summarized and/or included in the copies of the regulations should be minimize the burden of the collection of
request for OMB approval. All directed to Allan Hopkins, at Internal information on respondents, including
comments will become a matter of Revenue Service, Room 6129, 1111 through the use of automated collection
public record. Comments are invited on: Constitution Avenue NW., Washington, techniques or other forms of information
(a) Whether the collection of DC 20224, or through the Internet at technology; and (e) estimates of capital
information is necessary for the proper Allan.M.Hopkins@irs.gov. or start-up costs and costs of operation,
performance of the functions of the SUPPLEMENTARY INFORMATION: maintenance, and purchase of services
agency, including whether the Title: Consolidated Groups and to provide information.
information shall have practical utility; Controlled Groups-Intercompany Approved: November 9, 2016.
(b) the accuracy of the agency’s estimate Transactions and Related Rules, and Allan Hopkins,
of the burden of the collection of Consolidated Groups-Intercompany Tax analyst.
information; (c) ways to enhance the Transactions and Related Rules. [FR Doc. 2016–27601 Filed 11–16–16; 8:45 am]
quality, utility, and clarity of the OMB Number: 1545–1433.
information to be collected; (d) ways to BILLING CODE 4830–01–P
Regulation Project Number: CO–11–
minimize the burden of the collection of 91 (TD 8597), CO–24–95 (TD 8660.
information on respondents, including Abstract: The regulations require DEPARTMENT OF THE TREASURY
through the use of automated collection common parents that make elections
techniques or other forms of information under regulation section 1.1502–13 to Internal Revenue Service
technology; and (e) estimates of capital provide certain information. The
or start-up costs and costs of operation, information will be used to identify and Proposed Collection; Comment
maintenance, and purchase of services assure that the amount, location, timing Request for Regulation Project
to provide information. and attributes of intercompany
transactions and corresponding items AGENCY: Internal Revenue Service (IRS),
Approved: November 7, 2016. Treasury.
Tuawana Pinkston, are properly maintained.
Current Actions: There is no change to ACTION: Notice and request for
IRS Supervisory Tax Analyst. comments.
this existing regulation.
[FR Doc. 2016–27605 Filed 11–16–16; 8:45 am]
Type of Review: Extension of
BILLING CODE 4830–01–P SUMMARY: The Department of the
currently approved collection.
Treasury, as part of its continuing effort
Affected Public: Business or other for-
to reduce paperwork and respondent
profit organizations.
DEPARTMENT OF THE TREASURY burden, invites the general public and
Estimated Number of Respondents:
other Federal agencies to take this
Internal Revenue Service 2,200.
opportunity to comment on proposed
Estimated Time per Respondent: 30
and/or continuing information
Proposed Collection; Comment minutes.
collections, as required by the
Request for Regulation Project Estimated Total Annual Reporting
Paperwork Reduction Act of 1995,
Burden Hours: 1,050.
AGENCY: Internal Revenue Service (IRS), Public Law 104–13 (44 U.S.C.
The following paragraph applies to all 3506(c)(2)(A)). Currently, the IRS is
Treasury. of the collections of information covered soliciting comments concerning
Notice and request for
ACTION: by this notice: requirements for investments to qualify
comments. An agency may not conduct or under section 936(d)(4) as investments
sponsor, and a person is not required to in qualified Caribbean Basin countries.
SUMMARY: The Department of the respond to, a collection of information
DATES: Written comments should be
Treasury, as part of its continuing effort unless the collection of information
received on or before January 17, 2017
to reduce paperwork and respondent displays a valid OMB control number.
to be assured of consideration.
burden, invites the general public and Books or records relating to a
other Federal agencies to take this collection of information must be ADDRESSES: Direct all written comments
opportunity to comment on proposed retained as long as their contents may to Tuawana Pinkston, Internal Revenue
and/or continuing information become material in the administration Service, Room 6526, 1111 Constitution
collections, as required by the of any internal revenue law. Generally, Avenue NW., Washington, DC 20224.
Paperwork Reduction Act of 1995, tax returns and tax return information FOR FURTHER INFORMATION CONTACT:
Public Law 104–13 (44 U.S.C. are confidential, as required by 26 Requests for additional information or
3506(c)(2)(A)). Currently, the IRS is U.S.C. 6103. copies of the regulations should be
soliciting comments concerning Request for Comments: Comments directed to Allan Hopkins, at Internal
consolidated groups and controlled submitted in response to this notice will Revenue Service, Room 6129, 1111
groups-intercompany transactions and be summarized and/or included in the Constitution Avenue NW., Washington,
related rules, and consolidated groups- request for OMB approval. All DC 20224, or through the Internet at
intercompany transactions and related comments will become a matter of Allan.M.Hopkins@irs.gov.
rules. public record. Comments are invited on:
asabaliauskas on DSK3SPTVN1PROD with NOTICES

SUPPLEMENTARY INFORMATION:
(a) Whether the collection of Title: Requirements for Investments
DATES: Written comments should be information is necessary for the proper To Qualify Under Section 936(d)(4) as
received on or before January 17, 2017 performance of the functions of the Investments in Qualified Caribbean
to be assured of consideration. agency, including whether the Basin Countries.
ADDRESSES: Direct all written comments information shall have practical utility; OMB Number: 1545–1138.
to Tuawana Pinkston, Internal Revenue (b) the accuracy of the agency’s estimate Regulation Project Number: TD 8350.
Service, Room 6526, 1111 Constitution of the burden of the collection of Abstract: The collection of
Avenue NW., Washington, DC 20224. information; (c) ways to enhance the information is required by the Internal

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Federal Register / Vol. 81, No. 222 / Thursday, November 17, 2016 / Notices 81247

Revenue Service to verify that an DEPARTMENT OF THE TREASURY An agency may not conduct or
investment qualifies under IRC section sponsor, and a person is not required to
936(d)(4). The recordkeepers will be Internal Revenue Service respond to, a collection of information
possession corporations, certain unless the collection of information
financial institutions located in Puerto Proposed Collection; Comment displays a valid OMB control number.
Rico, and borrowers of funds covered by Request for Form 4952 Books or records relating to a collection
this regulation. AGENCY: Internal Revenue Service (IRS), of information must be retained as long
Current Actions: There is no change to Treasury. as their contents may become material
this existing regulation. ACTION: Notice and request for
in the administration of any internal
comments. revenue law. Generally, tax returns and
Type of Review: Extension of tax return information are confidential,
currently approved collection. SUMMARY: The Department of the as required by 26 U.S.C. 6103.
Affected Public: Business or other for- Treasury, as part of its continuing effort Request for Comments: Comments
profit organizations. to reduce paperwork and respondent submitted in response to this notice will
Estimated Number of Respondents: burden, invites the general public and be summarized and/or included in the
50. other Federal agencies to take this request for OMB approval. All
opportunity to comment on proposed comments will become a matter of
Estimated Time per Respondent: 30 and/or continuing information public record. Comments are invited on:
minutes. collections, as required by the (a) Whether the collection of
Estimated Total Annual Reporting Paperwork Reduction Act of 1995, information is necessary for the proper
Burden Hours: 1,500. Public Law 104–13 (44 U.S.C. performance of the functions of the
3506(c)(2)(A)). Currently, the IRS is agency, including whether the
The following paragraph applies to all
soliciting comments concerning Form information shall have practical utility;
of the collections of information covered
4952, Investment Interest Expense (b) the accuracy of the agency’s estimate
by this notice:
Deduction. of the burden of the collection of
An agency may not conduct or information; (c) ways to enhance the
DATES: Written comments should be
sponsor, and a person is not required to quality, utility, and clarity of the
respond to, a collection of information received on or before January 17, 2017
information to be collected; (d) ways to
unless the collection of information to be assured of consideration.
minimize the burden of the collection of
displays a valid OMB control number. ADDRESSES: Direct all written comments
information on respondents, including
to Tuawana Pinkston, Internal Revenue through the use of automated collection
Books or records relating to a Service, Room 6526, 1111 Constitution
collection of information must be techniques or other forms of information
Avenue NW., Washington, DC 20224. technology; and (e) estimates of capital
retained as long as their contents may
FOR FURTHER INFORMATION CONTACT: or start-up costs and costs of operation,
become material in the administration
of any internal revenue law. Generally, Requests for additional information or maintenance, and purchase of services
tax returns and tax return information copies of notice should be directed to to provide information.
are confidential, as required by 26 Allan Hopkins at Internal Revenue
Approved: November 9, 2016.
U.S.C. 6103. Service, Room 6129, 1111 Constitution
Avenue NW., Washington, DC 20224, or Allan Hopkins,
Request for Comments: Comments through the Internet, at Tax Analyst.
submitted in response to this notice will Allan.M.Hopkins@irs.gov. [FR Doc. 2016–27589 Filed 11–16–16; 8:45 am]
be summarized and/or included in the SUPPLEMENTARY INFORMATION: Title: BILLING CODE 4830–01–P
request for OMB approval. All Investment Interest Expense Deduction.
comments will become a matter of OMB Number: 1545–0191.
public record. Comments are invited on: Notice Number: Form 4952. DEPARTMENT OF THE TREASURY
(a) Whether the collection of Abstract: Individuals, estates, and
information is necessary for the proper Internal Revenue Service
trusts use Form 4952 to figure the
performance of the functions of the amount of investment interest expense Proposed Collection; Comment
agency, including whether the (interest paid on loans allocable to Request for Form 926
information shall have practical utility; investment property) they can deduct
(b) the accuracy of the agency’s estimate and the amount they can carry forward AGENCY: Internal Revenue Service (IRS),
of the burden of the collection of to future years. Treasury.
information; (c) ways to enhance the Current Actions: There are no changes ACTION: Notice and request for
quality, utility, and clarity of the being made to this collection at this comments.
information to be collected; (d) ways to time.
minimize the burden of the collection of Type of Review: Extension of SUMMARY: The Department of the
information on respondents, including currently approved collection. Treasury, as part of its continuing effort
through the use of automated collection Affected Public: Individuals or to reduce paperwork and respondent
techniques or other forms of information households and business or other for- burden, invites the general public and
technology; and (e) estimates of capital profit organizations. other Federal agencies to take this
opportunity to comment on proposed
asabaliauskas on DSK3SPTVN1PROD with NOTICES

or start-up costs and costs of operation, Estimated Number of Respondents:
maintenance, and purchase of services 137,064. and/or continuing information
to provide information. Estimated Average Time per collections, as required by the
Respondent: 1 hour, 30 minutes. Paperwork Reduction Act of 1995,
Approved: November 9, 2016.
Estimated Total Annual Burden Public Law 104–13 (44 U.S.C.
Allan Hopkins, Hours: 205,596. 3506(c)(2)(A)). Currently the IRS is
Tax analyst. The following paragraph applies to all soliciting comments concerning Form
[FR Doc. 2016–27612 Filed 11–16–16; 8:45 am] of the collections of information covered 926, Return by a U.S. Transferor of
BILLING CODE 4830–01–P by this notice: Property to a Foreign Corporation.

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Document Created: 2016-11-17 02:59:53
Document Modified: 2016-11-17 02:59:53

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 17, 2017 to be assured of consideration.
Contact		Requests for additional information or copies of the regulations should be directed to Allan Hopkins, at Internal Revenue Service, Room 6129, 1111 Constitution Avenue NW., Washington, DC 20224, or through the Internet at [email protected]
FR Citation		81 FR 81246

81 FR 81246 - Proposed Collection; Comment Request for Regulation Project

DEPARTMENT OF THE TREASURYInternal Revenue Service

Federal Register Volume 81, Issue 222 (November 17, 2016)

DEPARTMENT OF THE TREASURY
Internal Revenue Service