82 FR 18535 - Proposed Collection; Comment Request for Regulation Project

DEPARTMENT OF THE TREASURY
Internal Revenue Service

Federal Register Volume 82, Issue 74 (April 19, 2017)

Page Range		18535-18535
FR Document		2017-07919

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 source of income from sales of inventory and natural resources produced in one jurisdiction and sold in another jurisdiction.

Federal Register, Volume 82 Issue 74 (Wednesday, April 19, 2017)

[Federal Register Volume 82, Number 74 (Wednesday, April 19, 2017)]
[Notices]
[Page 18535]
From the Federal Register Online  [www.thefederalregister.org]
[FR Doc No: 2017-07919]


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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 source of income from sales of inventory and 
natural resources produced in one jurisdiction and sold in another 
jurisdiction.

DATES: Written comments should be received on or before June 19, 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.

SUPPLEMENTARY INFORMATION: 
    Title: Source of Income From Sales of Inventory and Natural 
Resources Produced in One Jurisdiction and Sold in Another 
Jurisdiction.
    OMB Number: 1545-1476.
    Form Number: INTL-3-95 (TD 8687).
    Abstract: This regulation provides rules for allocating and 
apportioning income from sales of natural resources or other inventory 
produced in the United States and sold outside the United States or 
produced outside the United States and sold in the United States. The 
information provided is used by the IRS to determine on audit whether 
the taxpayer has properly determined the source of its income from 
export sales.
    Current Actions: There is no change to this existing collection.
    Type of Review: Extension of a currently approved collection.
    Affected Public: Business or other for-profit organizations.
    Estimated Number of Respondents: 450.
    Estimated Average Time per Respondent: 2 hours, 47 minutes.
    Estimated Total Annual Burden Hours: 1,250 hours.
    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: April 7, 2017.
Laurie Brimmer,
Senior Tax Analyst.
[FR Doc. 2017-07919 Filed 4-18-17; 8:45 am]
 BILLING CODE 4830-01-P

Federal Register / Vol. 82, No. 74 / Wednesday, April 19, 2017 / Notices 18535

301.6103(n)–1(e)(3) of the regulations DEPARTMENT OF THE TREASURY respond to, a collection of information
require that before the execution of a unless the collection of information
contract or agreement for the acquisition Internal Revenue Service displays a valid OMB control number.
of property or services under which Books or records relating to a collection
returns or return information will be Proposed Collection; Comment of information must be retained as long
disclosed, the contract or agreement Request for Regulation Project as their contents may become material
must be made available to the IRS. AGENCY: Internal Revenue Service (IRS), in the administration of any internal
Current Actions: There are no changes Treasury. revenue law. Generally, tax returns and
being made to the collection at this ACTION: Notice and request for
tax return information are confidential,
time. comments. as required by 26 U.S.C. 6103.
Type of Review: Extension of a Request for Comments: Comments
currently approved collection. SUMMARY: The Department of the submitted in response to this notice will
Treasury, as part of its continuing effort be summarized and/or included in the
Affected Public: Individuals or
to reduce paperwork and respondent request for OMB approval. All
households, business or other for-profit
burden, invites the general public and comments will become a matter of
organizations, and not-for-profit
other Federal agencies to take this public record. Comments are invited on:
institutions.
opportunity to comment on proposed (a) Whether the collection of
Estimated Number of Respondents: and/or continuing information information is necessary for the proper
2,500. collections, as required by the performance of the functions of the
Estimated Time per Respondent: .10 Paperwork Reduction Act of 1995. agency, including whether the
hour. Currently, the IRS is soliciting information shall have practical utility;
Estimated Total Annual Burden comments concerning source of income (b) the accuracy of the agency’s estimate
Hours: 250. from sales of inventory and natural of the burden of the collection of
The following paragraph applies to all resources produced in one jurisdiction information; (c) ways to enhance the
of the collections of information covered and sold in another jurisdiction. quality, utility, and clarity of the
by this notice. DATES: Written comments should be information to be collected; (d) ways to
An agency may not conduct or received on or before June 19, 2017 to minimize the burden of the collection of
sponsor, and a person is not required to be assured of consideration. information on respondents, including
respond to, a collection of information ADDRESSES: Direct all written comments
through the use of automated collection
unless the collection of information to Laurie Brimmer, Internal Revenue techniques or other forms of information
displays a valid OMB control number. Service, Room 6526, 1111 Constitution technology; and (e) estimates of capital
Books or records relating to a collection Avenue NW., Washington, DC 20224. or start-up costs and costs of operation,
of information must be retained as long maintenance, and purchase of services
SUPPLEMENTARY INFORMATION:
as their contents may become material to provide information.
Title: Source of Income From Sales of
in the administration of any internal Inventory and Natural Resources Approved: April 7, 2017.
revenue law. Generally, tax returns and Produced in One Jurisdiction and Sold Laurie Brimmer,
tax return information are confidential, in Another Jurisdiction. Senior Tax Analyst.
as required by 26 U.S.C. 6103. OMB Number: 1545–1476. [FR Doc. 2017–07919 Filed 4–18–17; 8:45 am]
Request for Comments: Comments Form Number: INTL–3–95 (TD 8687). BILLING CODE 4830–01–P
submitted in response to this notice will Abstract: This regulation provides
be summarized and/or included in the rules for allocating and apportioning
request for OMB approval. All income from sales of natural resources DEPARTMENT OF THE TREASURY
comments will become a matter of or other inventory produced in the
public record. Comments are invited on: United States and sold outside the Agency Information Collection
(a) Whether the collection of United States or produced outside the Activities; Submission for OMB
information is necessary for the proper United States and sold in the United Review; Comment Request; Survey of
performance of the functions of the States. The information provided is Foreign-Residents’ Holdings of U.S.
agency, including whether the used by the IRS to determine on audit Securities
information shall have practical utility; whether the taxpayer has properly
AGENCY: Departmental Offices, U.S.
(b) the accuracy of the agency’s estimate determined the source of its income
Department of the Treasury.
of the burden of the collection of from export sales.
Current Actions: There is no change to ACTION: Notice.
information; (c) ways to enhance the
quality, utility, and clarity of the this existing collection. SUMMARY: The Department of the
information to be collected; (d) ways to Type of Review: Extension of a Treasury will submit the following
minimize the burden of the collection of currently approved collection. information collection request(s) to the
information on respondents, including Affected Public: Business or other for-
Office of Management and Budget
through the use of automated collection profit organizations.
(OMB) for review and clearance in
techniques or other forms of information Estimated Number of Respondents:
accordance with the Paperwork
technology; and (e) estimates of capital 450.
Reduction Act of 1995, on or after the
or start-up costs and costs of operation, Estimated Average Time per
date of publication of this notice. The
jstallworth on DSK7TPTVN1PROD with NOTICES

maintenance, and purchase of services Respondent: 2 hours, 47 minutes.
Estimated Total Annual Burden public is invited to submit comments on
to provide information. the collection(s) listed below.
Hours: 1,250 hours.
Approved: April 13, 2017. DATES: Comments should be received on
The following paragraph applies to all
Laurie E. Brimmer, of the collections of information covered or before May 19, 2017 to be assured of
IRS Senior Tax Analyst. by this notice: consideration.
[FR Doc. 2017–07918 Filed 4–18–17; 8:45 am] An agency may not conduct or ADDRESSES: Send comments regarding
BILLING CODE 4830–01–P sponsor, and a person is not required to the burden estimate, or any other aspect

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Document Created: 2018-11-14 09:43:33
Document Modified: 2018-11-14 09:43:33

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 19, 2017 to be assured of consideration.
FR Citation		82 FR 18535

82 FR 18535 - Proposed Collection; Comment Request for Regulation Project

DEPARTMENT OF THE TREASURYInternal Revenue Service

Federal Register Volume 82, Issue 74 (April 19, 2017)

DEPARTMENT OF THE TREASURY
Internal Revenue Service