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)

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, 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