82 FR 14942 - Proposed Collection; Comment Request

DEPARTMENT OF THE TREASURY
Internal Revenue Service

Federal Register Volume 82, Issue 55 (March 23, 2017)

Page Range		14942-14942
FR Document		2017-05591

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 1116, Foreign Tax Credit (Individual, Estate, or Trust).

Federal Register, Volume 82 Issue 55 (Thursday, March 23, 2017)

[Federal Register Volume 82, Number 55 (Thursday, March 23, 2017)]
[Notices]
[Page 14942]
From the Federal Register Online  [www.thefederalregister.org]
[FR Doc No: 2017-05591]


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DEPARTMENT OF THE TREASURY

Internal Revenue Service


Proposed Collection; Comment Request

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 Form 1116, Foreign Tax Credit (Individual, Estate, 
or Trust).

DATES: Written comments should be received on or before May 22, 2017 to 
be assured of consideration.

ADDRESSES: Direct all written comments to Laurie Brimmer, Internal 
Revenue Service, Room 6526, 1111 Constitution Avenue NW., Washington, 
DC 20224.
    Requests for additional information or copies of the form and 
instructions should be directed to Sara Covington, at Internal Revenue 
Service, Room 6526, 1111 Constitution Avenue NW., Washington, DC 20224, 
or through the internet at [email protected].

SUPPLEMENTARY INFORMATION:
    Title: Foreign Tax Credit (Individual, Estate, or Trust).
    OMB Number: 1545-0121.
    Form Number: 1116.
    Abstract: Form 1116 is used by individuals (including nonresident 
aliens), estates, or trusts who paid foreign income taxes on U.S. 
taxable income, to compute the foreign tax credit. This information is 
used by the IRS to determine if the foreign tax credit is properly 
computed.
    Current Actions: There are no changes being made to the form at 
this time.
    Type of Review: Extension of a currently approved collection.
    Affected Public: Individuals or households.
    Estimated Number of Responses: 4,143,255.
    Estimated Time per Respondent: 6.05 hours.
    Estimated Total Annual Burden Hours: 25,066,693.
    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: March 13, 2017.
Laurie Brimmer,
IRS Reports Clearance Officer.
[FR Doc. 2017-05591 Filed 3-22-17; 8:45 am]
 BILLING CODE 4830-01-P

$14942 Federal Register / Vol. 82, No. 55 / Thursday, March 23, 2017 / Notices of the burden of the collection of DATES: Written comments should be respond to, a collection of information information; (c) ways to enhance the received on or before May 22, 2017 to unless the collection of information quality, utility, and clarity of the be assured of consideration. displays a valid OMB control number. information to be collected; (d) ways to ADDRESSES: Direct all written comments Books or records relating to a collection minimize the burden of the collection of to Laurie Brimmer, Internal Revenue of information must be retained as long information on respondents, including Service, Room 6526, 1111 Constitution as their contents may become material through the use of automated collection Avenue NW., Washington, DC 20224. in the administration of any internal techniques or other forms of information Requests for additional information or revenue law. Generally, tax returns and technology; and (e) estimates of capital copies of the form and instructions tax return information are confidential, or start-up costs and costs of operation, should be directed to Sara Covington, at as required by 26 U.S.C. 6103. maintenance, and purchase of services Internal Revenue Service, Room 6526, to provide information. 1111 Constitution Avenue NW., Request for Comments: Comments Washington, DC 20224, or through the submitted in response to this notice will Approved: March 13, 2017. internet at Sara.L.Covington@irs.gov. be summarized and/or included in the Laurie Brimmer, SUPPLEMENTARY INFORMATION: request for OMB approval. All Senior Tax Analyst. Title: Foreign Tax Credit (Individual, comments will become a matter of [FR Doc. 2017–05592 Filed 3–22–17; 8:45 am] Estate, or Trust). public record. Comments are invited on: BILLING CODE 4830–01–P OMB Number: 1545–0121. (a) Whether the collection of Form Number: 1116. information is necessary for the proper Abstract: Form 1116 is used by performance of the functions of the DEPARTMENT OF THE TREASURY individuals (including nonresident agency, including whether the Internal Revenue Service aliens), estates, or trusts who paid information shall have practical utility; foreign income taxes on U.S. taxable (b) the accuracy of the agency’s estimate Proposed Collection; Comment income, to compute the foreign tax of the burden of the collection of Request credit. This information is used by the information; (c) ways to enhance the IRS to determine if the foreign tax credit AGENCY: Internal Revenue Service (IRS), quality, utility, and clarity of the is properly computed. Treasury. Current Actions: There are no changes information to be collected; (d) ways to ACTION: Notice and request for being made to the form at this time. minimize the burden of the collection of comments. Type of Review: Extension of a information on respondents, including currently approved collection. through the use of automated collection SUMMARY: The Department of the Affected Public: Individuals or techniques or other forms of information Treasury, as part of its continuing effort households. technology; and (e) estimates of capital to reduce paperwork and respondent Estimated Number of Responses: or start-up costs and costs of operation, burden, invites the general public and 4,143,255. maintenance, and purchase of services other Federal agencies to take this Estimated Time per Respondent: 6.05 to provide information. opportunity to comment on proposed hours. and/or continuing information Estimated Total Annual Burden Approved: March 13, 2017. collections, as required by the Hours: 25,066,693. Laurie Brimmer, Paperwork Reduction Act of 1995. The following paragraph applies to all IRS Reports Clearance Officer. Currently, the IRS is soliciting of the collections of information covered [FR Doc. 2017–05591 Filed 3–22–17; 8:45 am] comments concerning Form 1116, by this notice: BILLING CODE 4830–01–P Foreign Tax Credit (Individual, Estate, An agency may not conduct or or Trust). sponsor, and a person is not required to sradovich on DSK3GMQ082PROD with NOTICES VerDate Sep<11>2014 17:13 Mar 22, 2017 Jkt 241001 PO 00000 Frm 00078 Fmt 4703 Sfmt 9990 E:\FR\FM\23MRN1.SGM 23MRN1$

Document Created: 2017-03-23 02:45:25
Document Modified: 2017-03-23 02:45:25

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 22, 2017 to be assured of consideration.
FR Citation		82 FR 14942

82 FR 14942 - Proposed Collection; Comment Request

DEPARTMENT OF THE TREASURYInternal Revenue Service

Federal Register Volume 82, Issue 55 (March 23, 2017)

DEPARTMENT OF THE TREASURY
Internal Revenue Service