82 FR 12908 - Proposed Collection; Comment Request for Form 8838

DEPARTMENT OF THE TREASURY
Internal Revenue Service

Federal Register Volume 82, Issue 43 (March 7, 2017)

Page Range		12908-12909
FR Document		2017-04340

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 Form 8838, Consent To Extend the Time To Assess Tax Under Section 367-Gain Recognition Agreement.

Federal Register, Volume 82 Issue 43 (Tuesday, March 7, 2017)

[Federal Register Volume 82, Number 43 (Tuesday, March 7, 2017)]
[Notices]
[Pages 12908-12909]
From the Federal Register Online  [www.thefederalregister.org]
[FR Doc No: 2017-04340]


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DEPARTMENT OF THE TREASURY

Internal Revenue Service


Proposed Collection; Comment Request for Form 8838

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. Currently, the IRS is soliciting 
comments concerning Form 8838, Consent To Extend the Time To Assess Tax 
Under Section 367-Gain Recognition Agreement.

DATES: Written comments should be received on or before May 8, 2017 to 
be assured of consideration.

ADDRESSES: Direct all written comments to Tuawana Pinkston, Internal 
Revenue Service, Room 6141, 1111 Constitution Avenue NW., Washington, 
DC 20224.

FOR FURTHER INFORMATION CONTACT: Requests for copies of the form and 
instructions should be directed to R. Joseph Durbala, at Internal 
Revenue Service, Room 6129, 1111 Constitution Avenue NW., Washington, 
DC 20224, or through the internet at [email protected].

SUPPLEMENTARY INFORMATION: 
    Title: Consent To Extend the Time To Assess Tax Under Section 367-
Gain Recognition Agreement.
    OMB Number: 1545-1395.
    Form Number: 8838.
    Abstract: Form 8838 is used to extend the statute of limitations 
for U.S. persons who transfer stock or securities to a foreign 
corporation. The form is filed when the transferor makes a gain 
recognition agreement. This agreement allows the transferor to defer 
the payment of tax on the transfer. The IRS uses Form 8838 so that it 
may assess tax against the transferor after the expiration of the 
original statute of limitations.
    Current Actions: There are no changes being made to the Form 8838 
at this time.
    Type of Review: Extension of a current approval.
    Affected Public: Business or other for-profit organizations and 
individuals.
    Estimated Number of Respondents: 666.
    Estimated Time per Respondent: 8 hrs., 14 min.
    Estimated Total Annual Burden Hours: 5,482.
    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

[[Page 12909]]

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 28, 2017.
R. Joseph Durbala,
IRS Tax Analyst.
[FR Doc. 2017-04340 Filed 3-6-17; 8:45 am]
 BILLING CODE 4830-01-P

12908 Federal Register / Vol. 82, No. 43 / Tuesday, March 7, 2017 / Notices

DEPARTMENT OF THE TREASURY The following paragraph applies to all Consent To Extend the Time To Assess
of the collections of information covered Tax Under Section 367-Gain
Internal Revenue Service by this notice: Recognition Agreement.
An agency may not conduct or DATES: Written comments should be
Proposed Collection; Comment sponsor, and a person is not required to received on or before May 8, 2017 to be
Request for Form 8038–R respond to, a collection of information assured of consideration.
AGENCY: Internal Revenue Service (IRS), unless the collection of information ADDRESSES: Direct all written comments
Treasury. displays a valid OMB control number. to Tuawana Pinkston, Internal Revenue
Books or records relating to a collection Service, Room 6141, 1111 Constitution
ACTION: Notice and request for
of information must be retained as long Avenue NW., Washington, DC 20224.
comments. as their contents may become material
FOR FURTHER INFORMATION CONTACT:
SUMMARY: The Department of the in the administration of any internal
revenue law. Generally, tax returns and Requests for copies of the form and
Treasury, as part of its continuing effort instructions should be directed to R.
to reduce paperwork and respondent tax return information are confidential,
as required by 26 U.S.C. 6103. Joseph Durbala, at Internal Revenue
burden, invites the general public and Service, Room 6129, 1111 Constitution
other Federal agencies to take this Request for Comments: Comments
submitted in response to this notice will Avenue NW., Washington, DC 20224, or
opportunity to comment on proposed through the internet at
and/or continuing information be summarized and/or included in the
request for OMB approval. All RJoseph.Durbala@irs.gov.
collections, as required by the SUPPLEMENTARY INFORMATION:
Paperwork Reduction Act of 1995, comments will become a matter of
public record. Comments are invited on: Title: Consent To Extend the Time To
Public Law 104–13. Currently, the IRS Assess Tax Under Section 367-Gain
is soliciting comments concerning Form (a) Whether the collection of
information is necessary for the proper Recognition Agreement.
8038–R, Request for Recovery of OMB Number: 1545–1395.
Overpayments Under Arbitrage Rebate performance of the functions of the
agency, including whether the Form Number: 8838.
Provisions. Abstract: Form 8838 is used to extend
information shall have practical utility;
DATES: Written comments should be (b) the accuracy of the agency’s estimate the statute of limitations for U.S.
received on or before May 8, 2017 to be of the burden of the collection of persons who transfer stock or securities
assured of consideration. information; (c) ways to enhance the to a foreign corporation. The form is
ADDRESSES: Direct all written comments quality, utility, and clarity of the filed when the transferor makes a gain
to Tuawana Pinkston, Internal Revenue information to be collected; (d) ways to recognition agreement. This agreement
Service, Room 6141, 1111 Constitution minimize the burden of the collection of allows the transferor to defer the
Avenue NW., Washington, DC 20224. information on respondents, including payment of tax on the transfer. The IRS
through the use of automated collection uses Form 8838 so that it may assess tax
FOR FURTHER INFORMATION CONTACT:
techniques or other forms of information against the transferor after the
Requests for additional information or
technology; and (e) estimates of capital expiration of the original statute of
copies of the form and instructions
or start-up costs and costs of operation, limitations.
should be directed to R. Joseph Durbala Current Actions: There are no changes
at Internal Revenue Service, Room 6511, maintenance, and purchase of services
to provide information. being made to the Form 8838 at this
1111 Constitution Avenue NW., time.
Washington, DC 20224, or through the Approved: February 28, 2017. Type of Review: Extension of a current
internet at RJoseph.Durbala@irs.gov. R. Joseph Durbala, approval.
SUPPLEMENTARY INFORMATION: Tax Analyst, IRS. Affected Public: Business or other for-
Title: Request for Recovery of [FR Doc. 2017–04339 Filed 3–6–17; 8:45 am] profit organizations and individuals.
Overpayments Under Arbitrage Rebate BILLING CODE 4830–01–P Estimated Number of Respondents:
Provisions. 666.
OMB Number: 1545–1750. Estimated Time per Respondent: 8
Form Number: 8038–R. DEPARTMENT OF THE TREASURY hrs., 14 min.
Abstract: Under Treasury Regulations Estimated Total Annual Burden
section 1.148–3(i), bond issuers may Internal Revenue Service Hours: 5,482.
recover an overpayment of arbitrage The following paragraph applies to all
rebate paid to the United States under Proposed Collection; Comment of the collections of information covered
Internal Revenue Code section 148. Request for Form 8838 by this notice:
Form 8038–R is used to request recovery AGENCY: Internal Revenue Service (IRS), An agency may not conduct or
of any overpayment of arbitrage rebate Treasury. sponsor, and a person is not required to
made under the arbitrage rebate ACTION: Notice and request for respond to, a collection of information
provisions. comments. unless the collection of information
Current Actions: There are no changes displays a valid OMB control number.
being made to the form at this time. SUMMARY: The Department of the Books or records relating to a collection
Type of Review: Extension of a Treasury, as part of its continuing effort of information must be retained as long
currently approved collection. to reduce paperwork and respondent as their contents may become material
Affected Public: State, local or tribal burden, invites the general public and
sradovich on DSK3GMQ082PROD with NOTICES

in the administration of any internal
governments. other Federal agencies to take this revenue law. Generally, tax returns and
Estimated Number of Respondents: opportunity to comment on proposed tax return information are confidential,
200. and/or continuing information as required by 26 U.S.C. 6103.
Estimated Time per Respondent: 12 collections, as required by the Request for Comments: Comments
hours, 16 minutes. Paperwork Reduction Act of 1995. submitted in response to this notice will
Estimated Total Annual Burden Currently, the IRS is soliciting be summarized and/or included in the
Hours: 2,458. comments concerning Form 8838, request for OMB approval. All

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Federal Register / Vol. 82, No. 43 / Tuesday, March 7, 2017 / Notices 12909

comments will become a matter of SUPPLEMENTARY INFORMATION: Approved: February 28, 2017.
public record. Comments are invited on: Title: Disclosure by Tax-Exempt R. Joseph Durbala,
(a) Whether the collection of Entity Regarding Prohibited Tax Shelter IRS Tax Analyst.
information is necessary for the proper Transaction. [FR Doc. 2017–04335 Filed 3–6–17; 8:45 am]
performance of the functions of the
OMB Number: 1545–2078. BILLING CODE 4830–01–P
agency, including whether the
information shall have practical utility; Form Number: Form 8886–T.
(b) the accuracy of the agency’s estimate Abstract: Certain tax-exempt entities DEPARTMENT OF THE TREASURY
of the burden of the collection of are required to file Form 8886–T to
information; (c) ways to enhance the disclose information for each prohibited Internal Revenue Service
quality, utility, and clarity of the tax shelter transaction to which the
information to be collected; (d) ways to entity was a party. Proposed Collection; Comment
minimize the burden of the collection of Request for Form 8941
Current Actions: There is no change
information on respondents, including in the paperwork burden previously AGENCY: Internal Revenue Service (IRS),
through the use of automated collection approved by OMB. This form is being Treasury.
techniques or other forms of information submitted for renewal purposes only. ACTION: Notice and request for
technology; and (e) estimates of capital
or start-up costs and costs of operation, Type of Review: Extension of a comments.
maintenance, and purchase of services currently approved collection.
SUMMARY: The Department of the
to provide information. Affected Public: Businesses and other Treasury, as part of its continuing effort
Approved: February 28, 2017. for-profit organizations, State, Local or to reduce paperwork and respondent
R. Joseph Durbala,
Tribal Government. burden, invites the general public and
IRS Tax Analyst. Estimated Number of Respondents: other Federal agencies to take this
[FR Doc. 2017–04340 Filed 3–6–17; 8:45 am]
6,500. opportunity to comment on proposed
BILLING CODE 4830–01–P Estimated Time per Respondent: 10 and/or continuing information
hours 49 minutes. collections, as required by the
Estimated Total Annual Burden Paperwork Reduction Act of 1995,
DEPARTMENT OF THE TREASURY Hours: 70,395. Public Law 104–13 (44 U.S.C.
3506(c)(2)(A)). Currently, the IRS is
Internal Revenue Service The following paragraph applies to all soliciting comments concerning Form
of the collections of information covered 8941, Credit for Small Employer Health
Proposed Collection; Comment by this notice: Insurance Premiums.
Request for Form 8886–T An agency may not conduct or DATES: Written comments should be
AGENCY: Internal Revenue Service (IRS), sponsor, and a person is not required to received on or before May 8, 2017 to be
Treasury. respond to, a collection of information assured of consideration.
unless the collection of information ADDRESSES: Direct all written comments
ACTION: Notice and request for
displays a valid OMB control number. to Tuawana Pinkston, Internal Revenue
comments.
Books or records relating to a collection Service, Room 6129, 1111 Constitution
SUMMARY: The Department of the of information must be retained as long Avenue NW., Washington, DC 20224.
Treasury, as part of its continuing effort as their contents may become material
FOR FURTHER INFORMATION CONTACT:
to reduce paperwork and respondent in the administration of any internal
Requests for additional information or
burden, invites the general public and revenue law. Generally, tax returns and
copies of the form and instructions
other Federal agencies to take this tax return information are confidential,
should be directed to R. Joseph Durbala,
opportunity to comment on proposed as required by 26 U.S.C. 6103.
at Internal Revenue Service, Room 6129,
and/or continuing information Request for Comments: Comments 1111 Constitution Avenue NW.,
collections, as required by the submitted in response to this notice will Washington, DC 20224, or through the
Paperwork Reduction Act of 1995, be summarized and/or included in the internet at RJoseph.Durbala@irs.gov.
Public Law 104–13. Currently, the IRS request for OMB approval. All
is soliciting comments concerning Form SUPPLEMENTARY INFORMATION:
comments will become a matter of Title: Credit for Small Employer
8886–T, Disclosure by Tax-Exempt public record. Comments are invited on:
Entity Regarding Prohibited Tax Shelter Health Insurance Premiums.
(a) Whether the collection of OMB Number: 1545–2198.
Transaction. information is necessary for the proper Form Number: Form 8941.
DATES: Written comments should be performance of the functions of the Abstract: Section 1421 of the Patient
received on or before May 8, 2017 to be agency, including whether the Protection and Affordable Care Act, PL
assured of consideration. information shall have practical utility; 111–148, allows qualified small
ADDRESSES: Direct all written comments (b) the accuracy of the agency’s estimate employers to elect, beginning in 2010, a
to Tuawana Pinkston, Internal Revenue of the burden of the collection of tax credit for 50% of their employee
Service, Room 6141, 1111 Constitution information; (c) ways to enhance the health care coverage expenses. Form
Avenue NW., Washington, DC 20224. quality, utility, and clarity of the 8941, Credit for Small Employer Health
FOR FURTHER INFORMATION CONTACT: information to be collected; (d) ways to Insurance Premiums, has been
Requests for additional information or minimize the burden of the collection of
sradovich on DSK3GMQ082PROD with NOTICES

developed to help employers compute
copies of the form and instructions information on respondents, including the tax credit.
should be directed to R. Joseph Durbala, through the use of automated collection Current Actions: There is no change
(202) 317–5746, at Internal Revenue techniques or other forms of information in the paperwork burden previously
Service, Room 6129, 1111 Constitution technology; and (e) estimates of capital approved by OMB. This form is being
Avenue NW., Washington, DC 20224, or or start-up costs and costs of operation, submitted for renewal purposes only.
through the internet at maintenance, and purchase of services Type of Review: Extension of
RJoseph.Durbala@irs.gov. to provide information. previously approved collection.

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Document Created: 2018-02-01 14:49:16
Document Modified: 2018-02-01 14:49:16

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 May 8, 2017 to be assured of consideration.
Contact		Requests for copies of the form and instructions should be directed to R. Joseph Durbala, at Internal Revenue Service, Room 6129, 1111 Constitution Avenue NW., Washington, DC 20224, or through the internet at [email protected]
FR Citation		82 FR 12908

82 FR 12908 - Proposed Collection; Comment Request for Form 8838

DEPARTMENT OF THE TREASURYInternal Revenue Service

Federal Register Volume 82, Issue 43 (March 7, 2017)

DEPARTMENT OF THE TREASURY
Internal Revenue Service