82 FR 25047 - Proposed Collection; Comment Request for Form 8886 and Form 14234

DEPARTMENT OF THE TREASURY
Internal Revenue Service

Federal Register Volume 82, Issue 103 (May 31, 2017)

Page Range		25047-25047
FR Document		2017-11119

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 Form 8886, Reportable Transaction Disclosure Statement, and Form 14234, Pre-CAP and CAP Application Form.

Federal Register, Volume 82 Issue 103 (Wednesday, May 31, 2017)

[Federal Register Volume 82, Number 103 (Wednesday, May 31, 2017)]
[Notices]
[Page 25047]
From the Federal Register Online  [www.thefederalregister.org]
[FR Doc No: 2017-11119]


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DEPARTMENT OF THE TREASURY

Internal Revenue Service


Proposed Collection; Comment Request for Form 8886 and Form 14234

AGENCY: Internal Revenue Service, 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 Form 8886, Reportable Transaction Disclosure 
Statement, and Form 14234, Pre-CAP and CAP Application Form.

DATES: Written comments should be received on or before July 31, 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 form and 
instructions should be directed to LaNita Van Dyke, Internal Revenue 
Service, Room 6526, 1111 Constitution Avenue NW., Washington, DC 20224, 
or through the internet at [email protected].

SUPPLEMENTARY INFORMATION:
    Title: Reportable Transaction Disclosure Statement, Pre-CAP and CAP 
Application Form.
    OMB Number: 1545-1800.
    Form Number: 8886 and Form 14234.
    Abstract: Regulation section 1.6011-4 requires certain taxpayers to 
disclose reportable transactions in which they directly or indirectly 
participated.
    Current Actions: There are no changes being made to the form at 
this time.
    Type of Review: Extension of a currently approved collection.
    Affected Public: Business or other for-profit organizations, and 
individuals.
    Estimated Number of Respondents: 42,521.
    Estimated Time per Respondent: 21.49 hours.
    Estimated Total Annual Burden Hours: 913,698.
    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: May 24, 2017.
Laurie Brimmer,
Senior Tax Analyst.
[FR Doc. 2017-11119 Filed 5-30-17; 8:45 am]
 BILLING CODE 4830-01-P

Federal Register / Vol. 82, No. 103 / Wednesday, May 31, 2017 / Notices 25047

agency, including whether the Form Number: 8886 and Form 14234. DEPARTMENT OF THE TREASURY
information shall have practical utility; Abstract: Regulation section 1.6011–4
(b) the accuracy of the agency’s estimate Internal Revenue Service
requires certain taxpayers to disclose
of the burden of the collection of reportable transactions in which they
information; (c) ways to enhance the Proposed Collection; Comment
directly or indirectly participated. Request For Regulation Project
quality, utility, and clarity of the
information to be collected; (d) ways to Current Actions: There are no changes
AGENCY: Internal Revenue Service,
minimize the burden of the collection of being made to the form at this time. Treasury.
information on respondents, including Type of Review: Extension of a ACTION: Notice and request for
through the use of automated collection currently approved collection. comments.
techniques or other forms of information
Affected Public: Business or other for-
technology; and (e) estimates of capital SUMMARY: The Department of the
profit organizations, and individuals.
or start-up costs and costs of operation, Treasury, as part of its continuing effort
maintenance, and purchase of services Estimated Number of Respondents: to reduce paperwork and respondent
to provide information. 42,521. burden, invites the general public and
Approved: May 22, 2017. Estimated Time per Respondent: other Federal agencies to take this
Laurie Brimmer, 21.49 hours. opportunity to comment on proposed
and/or continuing information
Senior Tax Analyst. Estimated Total Annual Burden
collections, as required by the
[FR Doc. 2017–11117 Filed 5–30–17; 8:45 am] Hours: 913,698. Paperwork Reduction Act of 1995.
BILLING CODE 4830–01–P The following paragraph applies to all Currently, the IRS is soliciting
of the collections of information covered comments concerning procedure for
by this notice: monitoring compliance with low-
DEPARTMENT OF THE TREASURY
An agency may not conduct or income housing credit requirements;
Internal Revenue Service sponsor, and a person is not required to rules to carry out the purposes of
respond to, a collection of information section 42 and for correcting
Proposed Collection; Comment unless the collection of information administrative errors and omissions;
Request for Form 8886 and Form and compliance monitoring and
displays a valid OMB control number.
14234 miscellaneous issues relating to the low-
Books or records relating to a income housing credit.
AGENCY: Internal Revenue Service, collection of information must be DATES: Written comments should be
Treasury. retained as long as their contents may received on or before July 31, 2017 to be
ACTION: Notice and request for become material in the administration assured of consideration.
comments. of any internal revenue law. Generally, ADDRESSES: Direct all written comments
tax returns and tax return information to Laurie Brimmer, Internal Revenue
SUMMARY: The Department of the are confidential, as required by 26
Treasury, as part of its continuing effort Service, Room 6526, 1111 Constitution
U.S.C. 6103. Avenue NW., Washington, DC 20224.
to reduce paperwork and respondent
burden, invites the general public and Request for Comments: Comments Requests for additional information or
other Federal agencies to take this submitted in response to this notice will copies of the regulations should be
opportunity to comment on proposed be summarized and/or included in the directed to LaNita Van Dyke, at Internal
and/or continuing information request for OMB approval. All Revenue Service, Room 6526, 1111
collections, as required by the comments will become a matter of Constitution Avenue NW., Washington
Paperwork Reduction Act of 1995. public record. Comments are invited on: DC 20224, or through the internet, at
Currently, the IRS is soliciting (a) Whether the collection of Lanita.VanDyke@irs.gov.
comments concerning Form 8886, information is necessary for the proper SUPPLEMENTARY INFORMATION:
Reportable Transaction Disclosure performance of the functions of the Title: TD 8521, Procedure for
Statement, and Form 14234, Pre-CAP agency, including whether the Monitoring Compliance With Low-
and CAP Application Form. information shall have practical utility; Income Housing Credit Requirements;
DATES: Written comments should be
TD 8859, Rules To Carry Out the
(b) the accuracy of the agency’s estimate
received on or before July 31, 2017 to be Purposes of Section 42 and for
of the burden of the collection of
assured of consideration. Correcting Administrative Errors and
information; (c) ways to enhance the
Omissions; and REG–114664–97,
ADDRESSES: Direct all written comments quality, utility, and clarity of the
Compliance Monitoring and
to Laurie Brimmer, Internal Revenue information to be collected; (d) ways to Miscellaneous Issues Relating to the
Service, room 6526, 1111 Constitution minimize the burden of the collection of Low-Income Housing Credit.
Avenue NW., Washington, DC 20224. information on respondents, including OMB Number: 1545–1357.
Requests for additional information or through the use of automated collection Regulation Project Numbers: TD 8521;
copies of the form and instructions techniques or other forms of information TD 8859; and REG–114664–97.
should be directed to LaNita Van Dyke, technology; and (e) estimates of capital Abstract: TD 8521 This regulation
Internal Revenue Service, Room 6526, or start-up costs and costs of operation, requires state allocation plans to
1111 Constitution Avenue NW., maintenance, and purchase of services provide a procedure for state and local
nlaroche on DSK30NT082PROD with NOTICES

Washington, DC 20224, or through the to provide information. housing credit agencies to monitor for
internet at Lanita.VanDyke@irs.gov. compliance with the requirements of
Approved: May 24, 2017.
SUPPLEMENTARY INFORMATION: Code section 42 and report any
Laurie Brimmer,
Title: Reportable Transaction noncompliance to the IRS. 8859 This
Disclosure Statement, Pre-CAP and CAP Senior Tax Analyst. regulation concerns the Secretary of the
Application Form. [FR Doc. 2017–11119 Filed 5–30–17; 8:45 am] Treasury’s authority to provide
OMB Number: 1545–1800. BILLING CODE 4830–01–P guidance under Code section 42 and

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Document Created: 2017-05-31 05:59:26
Document Modified: 2017-05-31 05:59:26

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 July 31, 2017 to be assured of consideration.
FR Citation		82 FR 25047

82 FR 25047 - Proposed Collection; Comment Request for Form 8886 and Form 14234

DEPARTMENT OF THE TREASURYInternal Revenue Service

Federal Register Volume 82, Issue 103 (May 31, 2017)

DEPARTMENT OF THE TREASURY
Internal Revenue Service