82 FR 15103 - Proposed Collection; Comment Request for Regulation Project

DEPARTMENT OF THE TREASURY
Internal Revenue Service

Federal Register Volume 82, Issue 56 (March 24, 2017)

Page Range		15103-15104
FR Document		2017-05834

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 certain transfers of domestic stock or securities by U.S. persons to foreign corporations.

Federal Register, Volume 82 Issue 56 (Friday, March 24, 2017)

[Federal Register Volume 82, Number 56 (Friday, March 24, 2017)]
[Notices]
[Pages 15103-15104]
From the Federal Register Online  [www.thefederalregister.org]
[FR Doc No: 2017-05834]


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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.

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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 certain transfers of domestic stock or securities 
by U.S. persons to foreign corporations.

DATES: Written comments should be received on or before May 23, 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.

FOR FURTHER INFORMATION CONTACT: Requests for additional information or 
copies of the regulations should be directed to Kerry Dennis at 
Internal Revenue Service, Room 6526, 1111 Constitution Avenue NW., 
Washington, DC 20224, or through the Internet at [email protected].

SUPPLEMENTARY INFORMATION: 
    Title: Certain Transfers of Domestic Stock or Securities by U.S. 
Persons to Foreign Corporations.
    OMB Number: 1545-1478.
    Regulation Project Number: INTL-9-95 (TD 8702).
    Abstract: This regulation relates to certain transfers of stock or 
securities of domestic corporations pursuant to the corporate 
organization, reorganization, or liquidation provisions of the internal 
Revenue Code. Transfers of stock or securities by U.S. persons in tax-
free transactions are treated as taxable transactions when the acquirer 
is a foreign corporation, unless an exception applies under Code 
section 367(a). This regulation provides that no U.S. person will 
qualify for an exception unless the U.S. target company complies with 
certain reporting requirements.
    Current Actions: There is no change to this existing regulation.
    Type of Review: Extension of a currently approved collection.
    Affected Public: Business or other for-profit organizations.
    Estimated Number of Responses: 100.
    Estimated Time Per Response: 10 hours.
    Estimated Total Annual Burden Hours: 1,000.
    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

[[Page 15104]]

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 16, 2017.
Laurie Brimmer,
IRS Tax Analyst.
[FR Doc. 2017-05834 Filed 3-23-17; 8:45 am]
 BILLING CODE 4830-01-P

Federal Register / Vol. 82, No. 56 / Friday, March 24, 2017 / Notices 15103

comments concerning treatment of dual Request for Comments: Comments Constitution Avenue NW., Washington,
consolidated losses. submitted in response to this notice will DC 20224, or through the Internet at
DATES: Written comments should be be summarized and/or included in the Kerry.Dennis@irs.gov.
received on or before May 23, 2017 to request for OMB approval. All SUPPLEMENTARY INFORMATION:
be assured of consideration. comments will become a matter of Title: Certain Transfers of Domestic
ADDRESSES: Direct all written comments public record. Comments are invited on: Stock or Securities by U.S. Persons to
to Laurie Brimmer, Internal Revenue (a) Whether the collection of Foreign Corporations.
Service, Room 6526, 1111 Constitution information is necessary for the proper OMB Number: 1545–1478.
Avenue NW., Washington, DC 20224. performance of the functions of the Regulation Project Number: INTL–9–
agency, including whether the 95 (TD 8702).
FOR FURTHER INFORMATION CONTACT:
information shall have practical utility; Abstract: This regulation relates to
Requests for additional information or
(b) the accuracy of the agency’s estimate certain transfers of stock or securities of
copies of the regulations should be
of the burden of the collection of domestic corporations pursuant to the
directed to Kerry Dennis at Internal
information; (c) ways to enhance the corporate organization, reorganization,
Revenue Service, 1111 Constitution
quality, utility, and clarity of the or liquidation provisions of the internal
Avenue NW., Room 6526, Washington,
information to be collected; (d) ways to Revenue Code. Transfers of stock or
DC 20224, or through the internet at
minimize the burden of the collection of securities by U.S. persons in tax-free
Kerry.Dennis@irs.gov.
information on respondents, including transactions are treated as taxable
SUPPLEMENTARY INFORMATION: through the use of automated collection
Title: Treatment of Dual Consolidated transactions when the acquirer is a
techniques or other forms of information foreign corporation, unless an exception
Losses. technology; and (e) estimates of capital
OMB Number: 1545–1083. applies under Code section 367(a). This
or start-up costs and costs of operation, regulation provides that no U.S. person
Regulation Project Number: TD 8434.
maintenance, and purchase of services will qualify for an exception unless the
Abstract: Internal Revenue Code
to provide information. U.S. target company complies with
section 1503(d) denies use of the losses
of one domestic corporation by another Approved: March 16, 2017. certain reporting requirements.
affiliated domestic corporation where Laurie Brimmer, Current Actions: There is no change to
the loss corporation is also subject to the IRS Tax Analyst. this existing regulation.
income tax of another country. This [FR Doc. 2017–05832 Filed 3–23–17; 8:45 am] Type of Review: Extension of a
regulation allows an affiliate to make BILLING CODE 4830–01–P
currently approved collection.
use of the loss if the loss has not been Affected Public: Business or other for-
used in the foreign country and if an profit organizations.
agreement is attached to the income tax DEPARTMENT OF THE TREASURY Estimated Number of Responses: 100.
return of the dual resident corporation Estimated Time Per Response: 10
or group, to take the loss into income Internal Revenue Service hours.
upon future use of the loss in the foreign Estimated Total Annual Burden
country. The regulation also requires Proposed Collection; Comment Hours: 1,000.
separate accounting for a dual Request for Regulation Project The following paragraph applies to all
consolidated loss where the dual of the collections of information covered
AGENCY: Internal Revenue Service (IRS),
resident corporation files a consolidated by this notice:
Treasury.
return. An agency may not conduct or
ACTION: Notice and request for sponsor, and a person is not required to
Current Actions: There is no change to
comments. respond to, a collection of information
this existing regulation.
Type of Review: Extension of a SUMMARY: The Department of the unless the collection of information
currently approved collection. Treasury, as part of its continuing effort displays a valid OMB control number.
Affected Public: Business or other for- to reduce paperwork and respondent Books or records relating to a
profit organizations. burden, invites the general public and collection of information must be
Estimated Number of Respondents: other Federal agencies to take this retained as long as their contents may
500. opportunity to comment on proposed become material in the administration
Estimated Number of Responses: 896. and/or continuing information of any internal revenue law. Generally,
Estimated Time per Response: 1 hr., collections, as required by the tax returns and tax return information
49 minutes. Paperwork Reduction Act of 1995. are confidential, as required by 26
Estimated Total Annual Burden Currently, the IRS is soliciting U.S.C. 6103.
Hours: 1,620. comments concerning certain transfers Request for Comments: Comments
The following paragraph applies to all of domestic stock or securities by U.S. submitted in response to this notice will
of the collections of information covered persons to foreign corporations. be summarized and/or included in the
by this notice: request for OMB approval. All
DATES: Written comments should be
An agency may not conduct or comments will become a matter of
sponsor, and a person is not required to received on or before May 23, 2017 to public record. Comments are invited on:
respond to, a collection of information be assured of consideration. (a) Whether the collection of
unless the collection of information ADDRESSES: Direct all written comments information is necessary for the proper
displays a valid OMB control number. to Laurie Brimmer, Internal Revenue performance of the functions of the
jstallworth on DSK7TPTVN1PROD with NOTICES

Books or records relating to a collection Service, Room 6526, 1111 Constitution agency, including whether the
of information must be retained as long Avenue NW., Washington, DC 20224. information shall have practical utility;
as their contents may become material FOR FURTHER INFORMATION CONTACT: (b) the accuracy of the agency’s estimate
in the administration of any internal Requests for additional information or of the burden of the collection of
revenue law. Generally, tax returns and copies of the regulations should be information; (c) ways to enhance the
tax return information are confidential, directed to Kerry Dennis at Internal quality, utility, and clarity of the
as required by 26 U.S.C. 6103. Revenue Service, Room 6526, 1111 information to be collected; (d) ways to

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$15104 Federal Register / Vol. 82, No. 56 / Friday, March 24, 2017 / Notices minimize the burden of the collection of restricted to projects that fit specific of a peace process is defined, and if information on respondents, including themes or topics identified by USIP as successful processes share common through the use of automated collection a priority. elements. The deadline for submitting techniques or other forms of information The current Priority Grant initial concept notes is March 21, 2017. technology; and (e) estimates of capital Competitions are outlined below. Awards will be made in September, or start-up costs and costs of operation, • Reassessing Peacebuilding in 2017. For more information: https:// maintenance, and purchase of services Uncertain Times—In this uncertain and www.usip.org/grants-fellowships/grants/ to provide information. fluid context, USIP is inviting what-makes-effective-peace-processes- innovative proposals from U.S.-based comparative-approach. Approved: March 16, 2017. academic institutions, research and Deadline: March 21, 2017. Laurie Brimmer, practitioner organizations, and others IRS Tax Analyst. for collaborative projects that reflect on, Please visit our Web site at: https:// [FR Doc. 2017–05834 Filed 3–23–17; 8:45 am] help clarify, and flesh out one or more www.usip.org/grants-fellowships/grants/ BILLING CODE 4830–01–P key issues and propose new approaches for specific information on the and responses to peacebuilding competitions as well as instructions challenges. The deadline for submitting about how to apply. initial concept notes is March 21, 2017. FOR FURTHER INFORMATION CONTACT: UNITED STATES INSTITUTE OF For more information: https:// United States Institute of Peace Grant PEACE www.usip.org/grants-fellowships/grants/ Program, Priority Grant Competitions, Announcement of the Priority Grant reassessing-peacebuilding-uncertain- 2300 Constitution Avenue NW., Competition Effective Immediately times. Washington, DC 20037, Email: • What Makes for Effective Peace GrantsAdministration@usip.org. AGENCY: United States Institute of Peace. Processes: A Comparative Approach— Dated: March 14, 2017. ACTION: Notice. Under this grant competition, the United States Institute of Peace Joseph Lataille, SUMMARY: The Agency announces its encourages proposals for research and Chief Financial Officer. ongoing Priority Grant Competitions. analysis on what makes a complex [FR Doc. 2017–05476 Filed 3–23–17; 8:45 am] The Priority Grant Competitions are peace process effective, how the success BILLING CODE 6820–AR–M jstallworth on DSK7TPTVN1PROD with NOTICES VerDate Sep<11>2014 13:56 Mar 23, 2017 Jkt 241001 PO 00000 Frm 00085 Fmt 4703 Sfmt 9990 E:\FR\FM\24MRN1.SGM 24MRN1$

Document Created: 2018-02-01 15:11:00
Document Modified: 2018-02-01 15:11:00

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 23, 2017 to be assured of consideration.
Contact		Requests for additional information or copies of the regulations should be directed to Kerry Dennis at Internal Revenue Service, Room 6526, 1111 Constitution Avenue NW., Washington, DC 20224, or through the Internet at [email protected]
FR Citation		82 FR 15103

82 FR 15103 - Proposed Collection; Comment Request for Regulation Project

DEPARTMENT OF THE TREASURYInternal Revenue Service

Federal Register Volume 82, Issue 56 (March 24, 2017)

DEPARTMENT OF THE TREASURY
Internal Revenue Service