82 FR 19455 - Proposed Collection; Comment Request for Regulation Project

DEPARTMENT OF THE TREASURY
Internal Revenue Service

Federal Register Volume 82, Issue 80 (April 27, 2017)

Page Range		19455-19456
FR Document		2017-08518

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 consolidated and controlled groups, intercompany transactions and related rules.

Federal Register, Volume 82 Issue 80 (Thursday, April 27, 2017)

[Federal Register Volume 82, Number 80 (Thursday, April 27, 2017)]
[Notices]
[Pages 19455-19456]
From the Federal Register Online  [www.thefederalregister.org]
[FR Doc No: 2017-08518]


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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 consolidated and controlled groups, intercompany 
transactions and related rules.

DATES: Written comments should be received on or before June 26, 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: CO-11-91, Consolidated Groups and Controlled Groups--
Intercompany Transactions and Related Rules, and CO-24-95, Consolidated 
Groups--Intercompany Transactions and Related Rules.
    OMB Number: 1545-1433.
    Regulation Project Number: CO-11-91 (TD 8597) and CO-24-95 (TD 
8660).
    Abstract: The regulations require common parents that make 
elections under regulation section 1.1502-13 to provide certain 
information. The information will be used to identify and assure that 
the amount, location, timing, and attributes of intercompany 
transactions and corresponding items are properly maintained.
    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: 2,200.
    Estimated Average Time per Respondent: 29 minutes.
    Estimate Total Annual Burden Hours: 1,050 hours.

[[Page 19456]]

    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 20, 2017.
Laurie Brimmer,
Senior Tax Analyst.
[FR Doc. 2017-08518 Filed 4-26-17; 8:45 am]
 BILLING CODE 4830-01-P

Federal Register / Vol. 82, No. 80 / Thursday, April 27, 2017 / Notices 19455

information on respondents, including same address as the property securing Approved: April 24, 2017.
through the use of automated collection the mortgage and that this is the same Laurie E. Brimmer,
techniques or other forms of information address as the Payer/Borrower. Senior Tax Analyst.
technology; and (e) estimates of capital Box 8 was added to report the [FR Doc. 2017–08517 Filed 4–26–17; 8:45 am]
or start-up costs and costs of operation, ‘‘Address of property securing BILLING CODE 4830–01–P
maintenance, and purchase of services mortgage’’.
to provide information. Box 9 was added for ‘‘reporting the
Approved: April 20, 2017. description of a property’’ without a DEPARTMENT OF THE TREASURY
Laurie Brimmer, street address. Reporting requirement
Internal Revenue Service
IRS Senior Tax Analyst. will be addressed in the separate
[FR Doc. 2017–08523 Filed 4–26–17; 8:45 am] Instructions for Form 1098, Proposed Collection; Comment
BILLING CODE 4830–01–P Box 10 was added to report the Request for Regulation Project
‘‘Number of mortgaged properties’’, if
more than 1 address on this form and AGENCY: Internal Revenue Service (IRS),
DEPARTMENT OF THE TREASURY Treasury.
box 11 for ‘‘Other’’.
ACTION: Notice and request for
This form is also being submitted for
Internal Revenue Service comments.
renewal purposes only.
Proposed Collection; Comment Type of Review: Revision of a SUMMARY: The Department of the
Request for Mortgage Interest currently approved collection. Treasury, as part of its continuing effort
Statement Affected Public: Businesses or other to reduce paperwork and respondent
for profits. burden, invites the general public and
AGENCY: Internal Revenue Service (IRS), other Federal agencies to take this
Treasury. Estimated Number of Annual
opportunity to comment on proposed
Responses: 81,132,333.
ACTION: Notice and request for and/or continuing information
comments. Estimated Time Per Response: 13 collections, as required by the
minutes. Paperwork Reduction Act of 1995.
SUMMARY: The Department of the Estimated Total Annual Burden Currently, the IRS is soliciting
Treasury, as part of its continuing effort Hours: 17,849,114. comments concerning consolidated and
to reduce paperwork and respondent The following paragraph applies to all controlled groups, intercompany
burden, invites the general public and of the collections of information covered transactions and related rules.
other Federal agencies to take this by this notice: DATES: Written comments should be
opportunity to comment on proposed received on or before June 26, 2017 to
and/or continuing information An agency may not conduct or
sponsor, and a person is not required to be assured of consideration.
collections, as required by the
respond to, a collection of information ADDRESSES: Direct all written comments
Paperwork Reduction Act of 1995.
unless the collection of information to Laurie Brimmer, Internal Revenue
Currently, the IRS is soliciting
displays a valid OMB control number. Service, Room 6526, 1111 Constitution
comments concerning Mortgage Interest
Books or records relating to a collection Avenue NW., Washington, DC 20224.
Statement.
of information must be retained as long SUPPLEMENTARY INFORMATION:
DATES: Written comments should be
as their contents may become material Title: CO–11–91, Consolidated Groups
received on or before June 26, 2017 to and Controlled Groups—Intercompany
in the administration of any internal
be assured of consideration. Transactions and Related Rules, and
revenue law. Generally, tax returns and
ADDRESSES: Direct all written comments tax return information are confidential, CO–24–95, Consolidated Groups—
to Laurie E. Brimmer, Internal Revenue as required by 26 U.S.C. 6103. Intercompany Transactions and Related
Service, Room 6526, 1111 Constitution Rules.
Request for Comments: Comments
Avenue NW., Washington, DC 20224. OMB Number: 1545–1433.
submitted in response to this notice will
Requests for additional information or Regulation Project Number: CO–11–
be summarized and/or included in the
copies of the form and instructions 91 (TD 8597) and CO–24–95 (TD 8660).
request for OMB approval. All
should be directed to Martha R. Brinson, Abstract: The regulations require
comments will become a matter of
Internal Revenue Service, Room 6526, common parents that make elections
public record. Comments are invited on:
1111 Constitution Avenue NW., under regulation section 1.1502–13 to
(a) Whether the collection of
Washington, DC 20224, or through the provide certain information. The
information is necessary for the proper
Internet at Martha.R.Brinson@irs.gov. information will be used to identify and
performance of the functions of the
SUPPLEMENTARY INFORMATION: assure that the amount, location, timing,
agency, including whether the
Title: Mortgage Interest Statement. and attributes of intercompany
OMB Number: 1545–0901. information shall have practical utility;
transactions and corresponding items
Form Number: Form 1098. (b) the accuracy of the agency’s estimate
are properly maintained.
Abstract: Form 1098 is used to report of the burden of the collection of Current Actions: There is no change to
$600 or more of mortgage interest information; (c) ways to enhance the this existing collection.
received from an individual in the quality, utility, and clarity of the Type of Review: Extension of a
course of the mortgagor’s trade or information to be collected; (d) ways to currently approved collection.
minimize the burden of the collection of
mstockstill on DSK30JT082PROD with NOTICES

business. Affected Public: Business or other for-
Current Actions. information on respondents, including profit organizations.
Box 2 was added to report through the use of automated collection Estimated Number of Respondents:
‘‘Outstanding mortgage principal’’. techniques or other forms of information 2,200.
Box 3 was added to report ‘‘Mortgage technology; and (e) estimates of capital Estimated Average Time per
origination date’’. or start-up costs and costs of operation, Respondent: 29 minutes.
We added new text in box 7 reflecting maintenance, and purchase of services Estimate Total Annual Burden Hours:
that if the box is checked, this is the to provide information. 1,050 hours.

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19456 Federal Register / Vol. 82, No. 80 / Thursday, April 27, 2017 / Notices

The following paragraph applies to all DATES: Comments should be received on Office of Management and Budget
of the collections of information covered or before May 30, 2017 to be assured of (OMB) for review and clearance in
by this notice: consideration. accordance with the Paperwork
An agency may not conduct or ADDRESSES: Send comments regarding Reduction Act of 1995, on or after the
sponsor, and a person is not required to the burden estimate, or any other aspect date of publication of this notice. The
respond to, a collection of information of the information collection, including public is invited to submit comments on
unless the collection of information suggestions for reducing the burden, to the collection(s) listed below.
displays a valid OMB control number. (1) Office of Information and Regulatory DATES: Comments should be received on
Books or records relating to a collection Affairs, Office of Management and or before May 30, 2017 to be assured of
of information must be retained as long Budget, Attention: Desk Officer for consideration.
as their contents may become material Treasury, New Executive Office ADDRESSES: Send comments regarding
in the administration of any internal Building, Room 10235, Washington, DC the burden estimate, or any other aspect
revenue law. Generally, tax returns and 20503, or email at OIRA_Submission@ of the information collection, including
tax return information are confidential, OMB.EOP.gov and (2) Treasury PRA suggestions for reducing the burden, to
as required by 26 U.S.C. 6103. Clearance Officer, 1750 Pennsylvania (1) Office of Information and Regulatory
Request for Comments: Comments Ave. NW., Suite 8142, Washington, DC Affairs, Office of Management and
submitted in response to this notice will 20220, or email at PRA@treasury.gov. Budget, Attention: Desk Officer for
be summarized and/or included in the FOR FURTHER INFORMATION CONTACT: Treasury, New Executive Office
request for OMB approval. All Copies of the submissions may be Building, Room 10235, Washington, DC
comments will become a matter of obtained by emailing PRA@treasury.gov, 20503, or email at OIRA_Submission@
public record. Comments are invited on: calling (202) 622–0489, or viewing the OMB.EOP.gov and (2) Treasury PRA
(a) Whether the collection of entire information collection request at Clearance Officer, 1750 Pennsylvania
information is necessary for the proper www.reginfo.gov. Ave. NW., Suite 8142, Washington, DC
performance of the functions of the SUPPLEMENTARY INFORMATION: 20220, or email at PRA@treasury.gov.
agency, including whether the
Bureau of the Fiscal Service (FS) FOR FURTHER INFORMATION CONTACT:
information shall have practical utility;
(b) the accuracy of the agency’s estimate Copies of the submissions may be
Title: Authorization Agreement for obtained by emailing PRA@treasury.gov,
of the burden of the collection of Preauthorized Payment.
information; (c) ways to enhance the calling (202) 622–0489, or viewing the
OMB Control Number: 1530–0015. entire information collection request at
quality, utility, and clarity of the Type of Review: Extension without
information to be collected; (d) ways to www.reginfo.gov.
change of a currently approved
minimize the burden of the collection of SUPPLEMENTARY INFORMATION:
collection.
information on respondents, including Abstract: Preauthorized payment is Alcohol and Tobacco Tax and Trade
through the use of automated collection used by remitters (individuals and Bureau (TTB)
techniques or other forms of information corporations) to authorize electronic
technology; and (e) estimates of capital Title: Distilled Spirits Plants—
funds transfers from the bank accounts
or start-up costs and costs of operation, Records and Monthly Reports of
maintained at financial institutions for
maintenance, and purchase of services Processing Operations, TTB REC 5110/
government agencies to collect monies.
to provide information. Form: SF–5510. 03.
Approved: April 20, 2017. Affected Public: Businesses or other OMB Control Number: 1513–0041.
Laurie Brimmer, for-profits, Individuals and households. Type of Review: Revision of a
Estimated Total Annual Burden currently approved collection.
Senior Tax Analyst.
Hours: 25,000. Abstract: Distilled spirits, other than
[FR Doc. 2017–08518 Filed 4–26–17; 8:45 am]
those used for certain authorized
BILLING CODE 4830–01–P
Authority: 44 U.S.C. 3501 et seq. nonbeverage purposes, are taxed at a
rate of $13.50 a proof gallon. Pursuant
Dated: April 24, 2017.
to 26 U.S.C. 5207, the proprietor of a
DEPARTMENT OF THE TREASURY Spencer W. Clark, distilled spirits plant must maintain
Treasury PRA Clearance Officer. records of production, storage,
Agency Information Collection
Activities; Submission for OMB [FR Doc. 2017–08546 Filed 4–26–17; 8:45 am] denaturation, and processing activities
Review; Comment Request; BILLING CODE 4810–AS–P and submit reports covering those
Authorization Agreement for operations. The TTB regulations in 27
Preauthorized Payment CFR part 19 require distilled spirit
DEPARTMENT OF THE TREASURY proprietors to keep records regarding
AGENCY: Departmental Offices, U.S. processing operations, and processing
Department of the Treasury Agency Information Collection records must also be maintained for any
Activities; Submission for OMB wholesale liquor dealer operations or
ACTION: Notice.
Review; Comment Request; Multiple taxpaid storeroom operations conducted
SUMMARY: The Department of the Alcohol and Tobacco Tax and Trade by a proprietor. In addition, the TTB
Treasury will submit the following Bureau Information Collection regulations at 27 CFR 19.632 require
information collection request(s) to the Requests proprietors to file a monthly report of
mstockstill on DSK30JT082PROD with NOTICES

Office of Management and Budget AGENCY: Departmental Offices, U.S. processing operations on TTB F
(OMB) for review and clearance in Department of the Treasury. 5110.28. The information collected
accordance with the Paperwork ACTION: Notice. accounts for the processing of distilled
Reduction Act of 1995, on or after the spirits, and TTB uses the information to
date of publication of this notice. The SUMMARY: The Department of the monitor proprietor activities to ensure
public is invited to submit comments on Treasury will submit the following appropriate taxes are paid. The
the collection(s) listed below. information collection request(s) to the information is also aggregated and

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Document Created: 2017-04-27 01:40:00
Document Modified: 2017-04-27 01:40:00

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 June 26, 2017 to be assured of consideration.
FR Citation		82 FR 19455

82 FR 19455 - Proposed Collection; Comment Request for Regulation Project

DEPARTMENT OF THE TREASURYInternal Revenue Service

Federal Register Volume 82, Issue 80 (April 27, 2017)

DEPARTMENT OF THE TREASURY
Internal Revenue Service