82 FR 11497 - Proposed Collection; Comment Request for Revenue Procedure 2001-37

DEPARTMENT OF THE TREASURY
Internal Revenue Service

Federal Register Volume 82, Issue 35 (February 23, 2017)

Page Range		11497-11497
FR Document		2017-03554

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. Currently, the IRS is soliciting comments concerning Revenue Procedure 2001-37, Extraterritorial Income Exclusion Elections.

Federal Register, Volume 82 Issue 35 (Thursday, February 23, 2017)

[Federal Register Volume 82, Number 35 (Thursday, February 23, 2017)]
[Notices]
[Page 11497]
From the Federal Register Online  [www.thefederalregister.org]
[FR Doc No: 2017-03554]



[[Page 11497]]

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DEPARTMENT OF THE TREASURY

Internal Revenue Service


Proposed Collection; Comment Request for Revenue Procedure 2001-
37

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. Currently, the IRS is soliciting 
comments concerning Revenue Procedure 2001-37, Extraterritorial Income 
Exclusion Elections.

DATES: Written comments should be received on or before April 24, 2017 
to be assured of consideration.

ADDRESSES: Direct all written comments to Tuawana Pinkston, Internal 
Revenue Service, Room 6528, 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 R. Joseph Durbala 
at Internal Revenue Service, Room 6129, 1111 Constitution Avenue NW., 
Washington, DC 20224, or at (202) 317-5746, or through the internet at 
RJoseph.Durbala@irs.gov.

SUPPLEMENTARY INFORMATION: 
    Title: Extraterritorial Income Exclusion Elections.
    OMB Number: 1545-1731.
    Revenue Procedure Number: Revenue Procedure 2001-37.
    Abstract: Revenue Procedure 2001-37 provides guidance for 
implementing the elections (and revocation of such elections) 
established under the ``FSC Repeal and Extraterritorial Income 
Exclusion Act of 2000''.
    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: 56.
    Estimated Time per Respondent: 20 minutes.
    Estimated Total Annual Burden Hours: 19.
    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: February 15, 2017.
R. Joseph Durbala,
IRS, Tax Analyst.
[FR Doc. 2017-03554 Filed 2-22-17; 8:45 am]
 BILLING CODE 4830-01-P

Federal Register / Vol. 82, No. 35 / Thursday, February 23, 2017 / Notices 11497

DEPARTMENT OF THE TREASURY An agency may not conduct or existing regulation related to section
sponsor, and a person is not required to 1045 Application to Partnerships.
Internal Revenue Service respond to, a collection of information DATES: Written comments should be
unless the collection of information received on or before April 24, 2017 to
Proposed Collection; Comment displays a valid OMB control number. be assured of consideration.
Request for Revenue Procedure 2001–
Books or records relating to a ADDRESSES: Direct all written comments
37
collection of information must be to Tuawana Pinkston, Internal Revenue
AGENCY: Internal Revenue Service (IRS), retained as long as their contents may Service, Room 6527, 1111 Constitution
Treasury. become material in the administration Avenue NW., Washington, DC 20224.
ACTION: Notice and request for of any internal revenue law. Generally, FOR FURTHER INFORMATION CONTACT:
comments. tax returns and tax return information Requests for additional information or
are confidential, as required by 26 copies of the regulations should be
SUMMARY: The Department of the U.S.C. 6103.
Treasury, as part of its continuing effort directed to R. Joseph Durbala, at Internal
Request for Comments: Comments Revenue Service, Room 6129, 1111
to reduce paperwork and respondent submitted in response to this notice will
burden, invites the general public and Constitution Avenue NW., Washington,
be summarized and/or included in the DC 20224, or at (202) 317–5746, or
other Federal agencies to take this request for OMB approval. All
opportunity to comment on proposed through the internet at
comments will become a matter of RJoseph.Durbala@irs.gov.
and/or continuing information public record. Comments are invited on:
collections, as required by the SUPPLEMENTARY INFORMATION:
(a) Whether the collection of Title: Section 1045 Application to
Paperwork Reduction Act of 1995. information is necessary for the proper
Currently, the IRS is soliciting Partnerships.
performance of the functions of the OMB Number: 1545–1893.
comments concerning Revenue agency, including whether the
Procedure 2001–37, Extraterritorial Regulation Project Number: TD 9353.
information shall have practical utility; Abstract: This document contains
Income Exclusion Elections. (b) the accuracy of the agency’s estimate
DATES: Written comments should be
regulations relating to the application of
of the burden of the collection of section 1045 of the Internal Revenue
received on or before April 24, 2017 to information; (c) ways to enhance the
be assured of consideration. Code (Code) to partnerships and their
quality, utility, and clarity of the partners. These regulations provide
ADDRESSES: Direct all written comments information to be collected; (d) ways to rules regarding the deferral of gain on a
to Tuawana Pinkston, Internal Revenue minimize the burden of the collection of partnership’s sale of qualified small
Service, Room 6528, 1111 Constitution information on respondents, including business stock and deferral of gain on a
Avenue NW., Washington, DC 20224. through the use of automated collection partner’s sale of qualified small business
FOR FURTHER INFORMATION CONTACT: techniques or other forms of information stock distributed by a partnership. The
Requests for additional information or technology; and (e) estimates of capital final regulations affect partnerships that
copies of the revenue procedure should or start-up costs and costs of operation, invest in qualified small business stock
be directed to R. Joseph Durbala at maintenance, and purchase of services and their partners. This document also
Internal Revenue Service, Room 6129, to provide information. provides notice of a public hearing on
1111 Constitution Avenue NW.,
Approved: February 15, 2017. the proposed regulations.
Washington, DC 20224, or at (202) 317– Current Actions: There is no change to
5746, or through the internet at R. Joseph Durbala,
IRS, Tax Analyst. this existing regulation.
RJoseph.Durbala@irs.gov. Type of Review: Extension of the
SUPPLEMENTARY INFORMATION: [FR Doc. 2017–03554 Filed 2–22–17; 8:45 am]
currently approved collection.
Title: Extraterritorial Income BILLING CODE 4830–01–P
Affected Public: Individuals or
Exclusion Elections. households.
OMB Number: 1545–1731. Estimated Number of Respondents:
Revenue Procedure Number: Revenue DEPARTMENT OF THE TREASURY
1,000.
Procedure 2001–37.
Abstract: Revenue Procedure 2001–37 Internal Revenue Service Estimated Time per Respondent: 1
provides guidance for implementing the hour.
elections (and revocation of such Proposed Collection; Comment Estimated Total Annual Burden
elections) established under the ‘‘FSC Request for Section 1045 Application Hours: 1,000.
to Partnerships The following paragraph applies to all
Repeal and Extraterritorial Income
of the collections of information covered
Exclusion Act of 2000’’. AGENCY: Internal Revenue Service (IRS),
Current Actions: There are no changes by this notice:
Treasury. An agency may not conduct or
being made to the revenue procedure at
this time. ACTION: Notice and request for sponsor, and a person is not required to
Type of Review: Extension of a comments. respond to, a collection of information
currently approved collection. unless the collection of information
Affected Public: Business or other for- SUMMARY: The Department of the displays a valid OMB control number.
profit organizations. Treasury, as part of its continuing effort Books or records relating to a
Estimated Number of Respondents: to reduce paperwork and respondent collection of information must be
56. burden, invites the general public and retained as long as their contents may
rmajette on DSK2TPTVN1PROD with NOTICES

Estimated Time per Respondent: 20 other Federal agencies to take this become material in the administration
minutes. opportunity to comment on proposed of any internal revenue law. Generally,
Estimated Total Annual Burden and/or continuing information tax returns and tax return information
Hours: 19. collections, as required by the are confidential, as required by 26
The following paragraph applies to all Paperwork Reduction Act of 1995, U.S.C. 6103.
of the collections of information covered Public Law 104–13. Currently, the IRS Request for Comments: Comments
by this notice: is soliciting comments concerning an submitted in response to this notice will

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Document Created: 2017-02-23 02:10:48
Document Modified: 2017-02-23 02:10:48

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 April 24, 2017 to be assured of consideration.
Contact		Requests for additional information or copies of the revenue procedure should be directed to R. Joseph Durbala at Internal Revenue Service, Room 6129, 1111 Constitution Avenue NW., Washington, DC 20224, or at (202) 317-5746, or through the internet at [email protected]
FR Citation		82 FR 11497

82 FR 11497 - Proposed Collection; Comment Request for Revenue Procedure 2001-37

DEPARTMENT OF THE TREASURYInternal Revenue Service

Federal Register Volume 82, Issue 35 (February 23, 2017)

DEPARTMENT OF THE TREASURY
Internal Revenue Service