81 FR 81248 - Proposed Collection; Comment Request for Revenue Procedure 2004-19

DEPARTMENT OF THE TREASURY
Internal Revenue Service

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

Page Range		81248-81248
FR Document		2016-27585

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 Revenue Procedure 2004-19, Probable or Prospective Reserves Safe Harbor.

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

[Federal Register Volume 81, Number 222 (Thursday, November 17, 2016)]
[Notices]
[Page 81248]
From the Federal Register Online  [www.thefederalregister.org]
[FR Doc No: 2016-27585]


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DEPARTMENT OF THE TREASURY

Internal Revenue Service


Proposed Collection; Comment Request for Revenue Procedure 2004-
19

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 
Revenue Procedure 2004-19, Probable or Prospective Reserves Safe 
Harbor.

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 revenue procedure should be directed to Martha R. 
Brinson, Internal Revenue Service, Room 6129, 1111 Constitution Avenue 
NW., Washington, DC 20224, or through the Internet at 
[email protected].

SUPPLEMENTARY INFORMATION:
    Title: Probable or Prospective Reserves Safe Harbor.
    OMB Number: 1545-1861.
    Revenue Procedure Number: Revenue Procedure 2004-19.
    Abstract: Revenue Procedure 2004-19 requires a taxpayer to file an 
election statement with the Service if the taxpayer wants to use the 
safe harbor to estimate the taxpayers' oil and gas properties' probable 
or prospective reserves for purposes of computing cost depletion under 
Sec.  611 of the Internal Revenue Code.
    Current Actions: There are no changes being made to the revenue 
procedure at this time.
    Type of Review: Extension of a currently approved collection.
    Affected Public: Business or other for-profit organizations.
    Estimated Number of Respondents: 100.
    Estimated Annual Average Time per Respondent: 30 minutes.
    Estimated Total Annual Hours: 50.
    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 3, 2016.
Tuawana Pinkston,
IRS Reports Clearance Officer.
[FR Doc. 2016-27585 Filed 11-16-16; 8:45 am]
BILLING CODE 4830-01-P

81248 Federal Register / Vol. 81, No. 222 / Thursday, November 17, 2016 / Notices

DATES: Written comments should be quality, utility, and clarity of the statement with the Service if the
received on or before January 17, 2017 information to be collected; (d) ways to taxpayer wants to use the safe harbor to
to be assured of consideration. minimize the burden of the collection of estimate the taxpayers’ oil and gas
ADDRESSES: Direct all written comments information on respondents, including properties’ probable or prospective
to Tuawana Pinkston, Internal Revenue through the use of automated collection reserves for purposes of computing cost
Service, Room 6526, 1111 Constitution techniques or other forms of information depletion under § 611 of the Internal
Avenue NW., Washington, DC 20224. technology; and (e) estimates of capital Revenue Code.
FOR FURTHER INFORMATION CONTACT: or start-up costs and costs of operation, Current Actions: There are no changes
Requests for additional information or maintenance, and purchase of services being made to the revenue procedure at
copies of the form and instructions to provide information. this time.
should be directed to Martha R. Brinson, Approved: November 8, 2016. Type of Review: Extension of a
Internal Revenue Service, Room 6129, Tuawana Pinkston, currently approved collection.
1111 Constitution Avenue NW., IRS Reports Clearance Officer. Affected Public: Business or other for-
Washington, DC 20224, or through the [FR Doc. 2016–27587 Filed 11–16–16; 8:45 am] profit organizations.
Internet at Martha.R.Brinson@irs.gov. BILLING CODE 4830–01–P Estimated Number of Respondents:
SUPPLEMENTARY INFORMATION:
100.
Title: Return by a U.S. Transferor of
Property to a Foreign Corporation. Estimated Annual Average Time per
DEPARTMENT OF THE TREASURY
OMB Number: 1545–0026. Respondent: 30 minutes.
Form Number: Form 926. Internal Revenue Service Estimated Total Annual Hours: 50.
Abstract: Form 926 is filed by any The following paragraph applies to all
U.S. person who transfers certain Proposed Collection; Comment of the collections of information covered
tangible or intangible property to a Request for Revenue Procedure 2004– by this notice:
foreign corporation to report 19
An agency may not conduct or
information required by section 6038B. sponsor, and a person is not required to
AGENCY: Internal Revenue Service (IRS),
Current Actions: There are no changes
Treasury. respond to, a collection of information
being made to the form at this time.
ACTION: Notice and request for unless the collection of information
Type of Review: Extension of a
comments. displays a valid OMB control number.
currently approved collection.
Affected Public: Business or other for- Books or records relating to a
SUMMARY: The Department of the collection of information must be
profit organizations and Individuals or Treasury, as part of its continuing effort
households. retained as long as their contents may
to reduce paperwork and respondent become material in the administration
Estimated Number of Respondents:
burden, invites the general public and of any internal revenue law. Generally,
667.
Estimated Time per Respondent: 45 other Federal agencies to take this tax returns and tax return information
hours, 16 minutes. opportunity to comment on proposed are confidential, as required by 26
Estimated Total Annual Burden and/or continuing information U.S.C. 6103.
Hours: 30,195. collections, as required by the
Request for Comments: Comments
The following paragraph applies to all Paperwork Reduction Act of 1995,
submitted in response to this notice will
of the collections of information covered Public Law 104–13 (44 U.S.C.
be summarized and/or included in the
by this notice: 3506(c)(2)(A)). Currently, the IRS is
request for OMB approval. All
An agency may not conduct or soliciting comments concerning
comments will become a matter of
sponsor, and a person is not required to Revenue Procedure 2004–19, Probable
public record. Comments are invited on:
respond to, a collection of information or Prospective Reserves Safe Harbor.
(a) Whether the collection of
unless the collection of information DATES: Written comments should be
information is necessary for the proper
displays a valid OMB control number. received on or before January 17, 2017 performance of the functions of the
Books or records relating to a collection to be assured of consideration. agency, including whether the
of information must be retained as long ADDRESSES: Direct all written comments information shall have practical utility;
as their contents may become material to Tuawana Pinkston, Internal Revenue (b) the accuracy of the agency’s estimate
in the administration of any internal Service, Room 6526, 1111 Constitution of the burden of the collection of
revenue law. Generally, tax returns and Avenue NW., Washington, DC 20224. information; (c) ways to enhance the
tax return information are confidential, FOR FURTHER INFORMATION CONTACT: quality, utility, and clarity of the
as required by 26 U.S.C. 6103. Requests for additional information or information to be collected; (d) ways to
Request for Comments: Comments copies of the revenue procedure should minimize the burden of the collection of
submitted in response to this notice will be directed to Martha R. Brinson, information on respondents, including
be summarized and/or included in the Internal Revenue Service, Room 6129, through the use of automated collection
request for OMB approval. All 1111 Constitution Avenue NW., techniques or other forms of information
comments will become a matter of Washington, DC 20224, or through the technology; and (e) estimates of capital
public record. Comments are invited on: Internet at Martha.R.Brinson@irs.gov. or start-up costs and costs of operation,
(a) Whether the collection of SUPPLEMENTARY INFORMATION: maintenance, and purchase of services
asabaliauskas on DSK3SPTVN1PROD with NOTICES

information is necessary for the proper Title: Probable or Prospective to provide information.
performance of the functions of the Reserves Safe Harbor.
agency, including whether the Approved: November 3, 2016.
OMB Number: 1545–1861.
information shall have practical utility; Revenue Procedure Number: Revenue Tuawana Pinkston,
(b) the accuracy of the agency’s estimate Procedure 2004–19. IRS Reports Clearance Officer.
of the burden of the collection of Abstract: Revenue Procedure 2004–19 [FR Doc. 2016–27585 Filed 11–16–16; 8:45 am]
information; (c) ways to enhance the requires a taxpayer to file an election BILLING CODE 4830–01–P

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Document Created: 2016-11-17 02:59:28
Document Modified: 2016-11-17 02:59:28

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 revenue procedure should be directed to Martha R. Brinson, Internal Revenue Service, Room 6129, 1111 Constitution Avenue NW., Washington, DC 20224, or through the Internet at [email protected]
FR Citation		81 FR 81248

81 FR 81248 - Proposed Collection; Comment Request for Revenue Procedure 2004-19

DEPARTMENT OF THE TREASURYInternal Revenue Service

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

DEPARTMENT OF THE TREASURY
Internal Revenue Service