82 FR 17088 - Proposed Collection; Comment Request for Definitions Under Subchapter S of the Internal Revenue Code

DEPARTMENT OF THE TREASURY
Internal Revenue Service

Federal Register Volume 82, Issue 66 (April 7, 2017)

Page Range		17088-17089
FR Document		2017-06923

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 Definitions Under Subchapter S of the Internal Revenue Code.

Federal Register, Volume 82 Issue 66 (Friday, April 7, 2017)

[Federal Register Volume 82, Number 66 (Friday, April 7, 2017)]
[Notices]
[Pages 17088-17089]
From the Federal Register Online  [www.thefederalregister.org]
[FR Doc No: 2017-06923]


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DEPARTMENT OF THE TREASURY

Internal Revenue Service


Proposed Collection; Comment Request for Definitions Under 
Subchapter S of the Internal Revenue Code

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

[[Page 17089]]

collections, as required by the Paperwork Reduction Act of 1995. 
Currently, the IRS is soliciting comments concerning Definitions Under 
Subchapter S of the Internal Revenue Code.

DATES: Written comments should be received on or before June 6, 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 
regulation should be directed to LaNita Van Dyke, Internal Revenue 
Service, Room 6526, 1111 Constitution Avenue NW., Washington, DC 20224 
or at [email protected].

SUPPLEMENTARY INFORMATION: 
    Title: Definitions Under Subchapter S of the Internal Revenue Code.
    OMB Number: 1545-1462.
    Notice Number: TD 8696 Definitions Under Subchapter S of the 
Internal Revenue Code.
    Abstract: Section 1.1377-1(b)(4) of the regulation provides that an 
S corporation making a terminating election under Internal Revenue Code 
section 1377(a)(2) must attach a statement to its timely filed original 
or amended return required to be filed under Code section 6037(a). The 
statement must provide information concerning the events that gave rise 
to the election and declarations of consent from the S corporation 
shareholders.
    Current Actions: There is no change to this existing regulation.
    Type of Review: Extension of OMB approval.
    Affected Public: Business or other for-profit organizations, and 
individuals.
    Estimated Number of Respondents: 4,000.
    Estimated Time per Respondent: .25 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 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 26, 2017.
Laurie Brimmer,
Senior Tax Analyst.
[FR Doc. 2017-06923 Filed 4-6-17; 8:45 am]
 BILLING CODE 4830-01-P

17088 Federal Register / Vol. 82, No. 66 / Friday, April 7, 2017 / Notices

1023–EZ is a simplified version of Form DEPARTMENT OF THE TREASURY Estimated Total Annual Burden
1023, to be filled by organization who Hours: 46,800.
meets certain criteria. Internal Revenue Service The following paragraph applies to all
Current Actions: The PATH Act of the collections of information covered
Proposed Collection; Comment by this notice:
presents legislative changes that Request for IRS e-file Signature
amended Form 1023 and caused a An agency may not conduct or
Authorization for Forms 720, 2290 and sponsor, and a person is not required to
reduction of burden by consolidating 8879.
portions of the Form 1023. The changes respond to, a collection of information
on the Form 1023 will decrease burden unless the collection of information
AGENCY: Internal Revenue Service (IRS),
hours by 44,954. There are no changes displays a valid OMB control number.
Treasury.
to Form 1023–EZ. Books or records relating to a collection
ACTION: Notice and request for of information must be retained as long
Type of Review: Revision of a comments. as their contents may become material
currently approved collection. in the administration of any internal
SUMMARY: The Department of the
Affected Public: Not-for-profit Treasury, as part of its continuing effort revenue law. Generally, tax returns and
institutions. to reduce paperwork and respondent tax return information are confidential,
Estimated Number of Respondents: burden, invites the general public and as required by 26 U.S.C. 6103.
80,000. Request for Comments: Comments
other Federal agencies to take this
submitted in response to this notice will
Estimated Time per Respondents: opportunity to comment on proposed
be summarized and/or included in the
58.93 hours. and/or continuing information
request for OMB approval. All
Estimated Total Annual Burden collections, as required by the
comments will become a matter of
Hours: 4,714,236. Paperwork Reduction Act of 1995.
public record. Comments are invited on:
Currently, the IRS is soliciting
The following paragraph applies to all (a) Whether the collection of
comments concerning Form 8879–EX,
of the collections of information covered information is necessary for the proper
IRS e-file Signature Authorization for
by this notice: performance of the functions of the
Forms 720, 2290, and 8849.
agency, including whether the
An agency may not conduct or DATES: Written comments should be information shall have practical utility;
sponsor, and a person is not required to received on or before June 6, 2017 to be (b) the accuracy of the agency’s estimate
respond to, a collection of information assured of consideration. of the burden of the collection of
unless the collection of information
ADDRESSES: Direct all written comments information; (c) ways to enhance the
displays a valid OMB control number.
to Laurie Brimmer, Internal Revenue quality, utility, and clarity of the
Books or records relating to a collection
Service, Room 6526, 1111 Constitution information to be collected; (d) ways to
of information must be retained as long
Avenue NW., Washington, DC 20224. minimize the burden of the collection of
as their contents may become material
Requests for copies of the form and information on respondents, including
in the administration of any internal
instructions should be directed to through the use of automated collection
revenue law. Generally, tax returns and
LaNita Van Dyke, Internal Revenue techniques or other forms of information
tax return information are confidential,
Service, Room 6526, 1111 Constitution technology; and (e) estimates of capital
as required by 26 U.S.C. 6103.
Avenue NW., Washington, DC 20224, or or start-up costs and costs of operation,
Request for Comments: Comments through the Internet, at maintenance, and purchase of services
submitted in response to this notice will Lanita.VanDyk@irs.gov. to provide information.
be summarized and/or included in the
SUPPLEMENTARY INFORMATION: Approved: March 27, 2017.
request for OMB approval. All
comments will become a matter of Title: IRS e-file Signature Laurie Brimmer,
public record. Comments are invited on: Authorization for Forms 720, 2290, and Senior Tax Analyst.
(a) Whether the collection of 8849. [FR Doc. 2017–06920 Filed 4–6–17; 8:45 am]
information is necessary for the proper OMB Number: 1545–2081. BILLING CODE 4830–01–P
performance of the functions of the Form Number: 8879–EX.
agency, including whether the Abstract: The Form 8879–EX, IRS e-
information shall have practical utility; file Signature Authorization for Forms DEPARTMENT OF THE TREASURY
(b) the accuracy of the agency’s estimate 720, 2990, and 8849, will be used in the
of the burden of the collection of Modernized e-File program. Form 8879– Internal Revenue Service
information; (c) ways to enhance the EX authorizes an a taxpayer and an
electronic return originator (ERO) to use Proposed Collection; Comment
quality, utility, and clarity of the Request for Definitions Under
information to be collected; (d) ways to a personal identification number (PIN)
to electronically sign an electronic Subchapter S of the Internal Revenue
minimize the burden of the collection of Code
information on respondents, including excise tax return and, if applicable,
through the use of automated collection authorize an electronic funds AGENCY: Internal Revenue Service (IRS),
techniques or other forms of information withdrawal. Treasury.
technology; and (e) estimates of capital Current Actions: There are no changes ACTION: Notice and request for
or start-up costs and costs of operation, being made to the form at this time. comments.
maintenance, and purchase of services Type of Review: Extension of a
nlaroche on DSK30NT082PROD with NOTICES

to provide information. previously approved collection. SUMMARY: The Department of the
Affected Public: Business or other for- Treasury, as part of its continuing effort
Approved: March 27, 2017. profit organizations. to reduce paperwork and respondent
Laurie Brimmer, Estimated Number of Respondents: burden, invites the general public and
Senior Tax Analyst. 15,000. other Federal agencies to take this
[FR Doc. 2017–06926 Filed 4–6–17; 8:45 am] Estimated Time per Respondent: 3 opportunity to comment on proposed
BILLING CODE 4830–01–P hours, 7 minutes. and/or continuing information

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Federal Register / Vol. 82, No. 66 / Friday, April 7, 2017 / Notices 17089

collections, as required by the be summarized and/or included in the Title: Quarterly Federal Excise Tax
Paperwork Reduction Act of 1995. request for OMB approval. All Return.
Currently, the IRS is soliciting comments will become a matter of OMB Number: 1545–0023.
comments concerning Definitions Under public record. Comments are invited on: Form Number: 720.
Subchapter S of the Internal Revenue (a) Whether the collection of Abstract: Form 720 is used to report
Code. information is necessary for the proper (1) excise taxes due from retailers and
performance of the functions of the manufacturers on the sale or
DATES: Written comments should be manufacture of various articles, (2) the
received on or before June 6, 2017 to be agency, including whether the
information shall have practical utility; tax on facilities and services, (3)
assured of consideration. environmental taxes, (4) luxury tax, and
(b) the accuracy of the agency’s estimate
ADDRESSES: Direct all written comments (5) floor stocks taxes. The information
of the burden of the collection of
to Laurie Brimmer, Internal Revenue information; (c) ways to enhance the supplied on Form 720 is used by the IRS
Service, Room 6526, 1111 Constitution quality, utility, and clarity of the to determine the correct tax liability.
Avenue NW., Washington, DC 20224. information to be collected; (d) ways to Additionally the data is reported by the
Requests for additional information or minimize the burden of the collection of IRS to Treasury so that funds may be
copies of the regulation should be information on respondents, including transferred from the general revenue
directed to LaNita Van Dyke, Internal through the use of automated collection fund to the appropriate trusts funds.
Revenue Service, Room 6526, 1111 techniques or other forms of information Current Actions: There were changes
Constitution Avenue NW., Washington, technology; and (e) estimates of capital made to the burden estimates, due to the
DC 20224 or at Lanita.VanDyke@irs.gov. or start-up costs and costs of operation, discontinuation of the Over-the-counter
SUPPLEMENTARY INFORMATION: maintenance, and purchase of services (OTC) voucher.
Title: Definitions Under Subchapter S to provide information. Type of Review: Revision of a
of the Internal Revenue Code. Approved: March 26, 2017.
currently approved collection.
OMB Number: 1545–1462. Affected Public: Business or other for-
Laurie Brimmer,
Notice Number: TD 8696 Definitions profit organizations, individuals, not-
Under Subchapter S of the Internal Senior Tax Analyst. for-profit institutions, farms, and
Revenue Code. [FR Doc. 2017–06923 Filed 4–6–17; 8:45 am] Federal, state, local or tribal
Abstract: Section 1.1377–1(b)(4) of the BILLING CODE 4830–01–P governments.
regulation provides that an S Estimated Number of Responses:
corporation making a terminating 401,444.
election under Internal Revenue Code DEPARTMENT OF THE TREASURY Estimated Time per Respondent: 11
section 1377(a)(2) must attach a hrs, 9 minutes.
Internal Revenue Service Estimated Total Annual Burden
statement to its timely filed original or
amended return required to be filed Proposed Collection; Comment Hours: 4,474,785.
under Code section 6037(a). The The following paragraph applies to all
Request for Quarterly Federal Excise
statement must provide information Tax Return of the collections of information covered
concerning the events that gave rise to by this notice:
the election and declarations of consent AGENCY: Internal Revenue Service (IRS), An agency may not conduct or
from the S corporation shareholders. Treasury. sponsor, and a person is not required to
Current Actions: There is no change to ACTION: Notice and request for respond to, a collection of information
this existing regulation. comments. unless the collection of information
Type of Review: Extension of OMB displays a valid OMB control number.
approval. SUMMARY: The Department of the Books or records relating to a collection
Affected Public: Business or other for- Treasury, as part of its continuing effort of information must be retained as long
profit organizations, and individuals. to reduce paperwork and respondent as their contents may become material
Estimated Number of Respondents: burden, invites the general public and in the administration of any internal
4,000. other Federal agencies to take this revenue law. Generally, tax returns and
Estimated Time per Respondent: .25 opportunity to comment on proposed tax return information are confidential,
hours. and/or continuing information as required by 26 U.S.C. 6103.
Estimated Total Annual Burden collections, as required by the Request for Comments: Comments
Hours: 1,000. Paperwork Reduction Act of 1995. submitted in response to this notice will
The following paragraph applies to all Currently, the IRS is soliciting be summarized and/or included in the
of the collections of information covered comments concerning Form 720, request for OMB approval. All
by this notice: Quarterly Federal Excise Tax Return. comments will become a matter of
An agency may not conduct or DATES: Written comments should be public record. Comments are invited on:
sponsor, and a person is not required to received on or before June 6, 2017 to be (a) Whether the collection of
respond to, a collection of information assured of consideration. information is necessary for the proper
unless the collection of information ADDRESSES: Direct all written comments performance of the functions of the
displays a valid OMB control number. to Laurie Brimmer Internal Revenue agency, including whether the
Books or records relating to a Service, Room 6526, 1111 Constitution information shall have practical utility;
collection of information must be Avenue NW., Washington, DC 20224. (b) the accuracy of the agency’s estimate
retained as long as their contents may Requests for additional information or of the burden of the collection of
nlaroche on DSK30NT082PROD with NOTICES

become material in the administration copies of the form and instructions information; (c) ways to enhance the
of any internal revenue law. Generally, should be directed to Sara Covington at quality, utility, and clarity of the
tax returns and tax return information Internal Revenue Service, Room 6526, information to be collected; (d) ways to
are confidential, as required by 26 1111 Constitution Avenue NW., minimize the burden of the collection of
U.S.C. 6103. Washington, DC 20224, or through the information on respondents, including
Request for Comments: Comments internet at sara.l.covington@irs.gov. through the use of automated collection
submitted in response to this notice will SUPPLEMENTARY INFORMATION: techniques or other forms of information

VerDate Sep<11>2014 14:52 Apr 06, 2017 Jkt 241001 PO 00000 Frm 00101 Fmt 4703 Sfmt 4703 E:\FR\FM\07APN1.SGM 07APN1

Document Created: 2017-04-06 23:49:19
Document Modified: 2017-04-06 23:49:19

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 June 6, 2017 to be assured of consideration.
FR Citation		82 FR 17088

82 FR 17088 - Proposed Collection; Comment Request for Definitions Under Subchapter S of the Internal Revenue Code

DEPARTMENT OF THE TREASURYInternal Revenue Service

Federal Register Volume 82, Issue 66 (April 7, 2017)

DEPARTMENT OF THE TREASURY
Internal Revenue Service