82_FR_29299 82 FR 29177 - Proposed Collection; Comment Request for Regulations Associated With Miscellaneous Elections

82 FR 29177 - Proposed Collection; Comment Request for Regulations Associated With Miscellaneous Elections

DEPARTMENT OF THE TREASURY
Internal Revenue Service

Federal Register Volume 82, Issue 122 (June 27, 2017)

Page Range29177-29178
FR Document2017-13346

The Internal Revenue Service (IRS), in accordance with the Paperwork Reduction Act of 1995 (PRA 95), provides the general public and Federal agencies with an opportunity to comment on continuing collections of information. The IRS is soliciting comments concerning regulations relating to the time and manner of Making Certain Elections Under the Technical and Miscellaneous Revenue Act of 1988, and the Redesignation of Certain Other Temporary Elections Regulations. These regulations provide guidance to persons making these elections.

Federal Register, Volume 82 Issue 122 (Tuesday, June 27, 2017) 
[Federal Register Volume 82, Number 122 (Tuesday, June 27, 2017)]
[Notices]
[Pages 29177-29178]
From the Federal Register Online  [www.thefederalregister.org]
[FR Doc No: 2017-13346]


-----------------------------------------------------------------------

DEPARTMENT OF THE TREASURY

Internal Revenue Service


Proposed Collection; Comment Request for Regulations Associated 
With Miscellaneous Elections

AGENCY: Internal Revenue Service (IRS), Treasury.

ACTION: Notice of information collection; request for comments.

-----------------------------------------------------------------------

SUMMARY: The Internal Revenue Service (IRS), in accordance with the 
Paperwork Reduction Act of 1995 (PRA 95), provides the general public 
and Federal agencies with an opportunity to comment on continuing 
collections of information. The IRS is soliciting comments concerning 
regulations relating to the time and manner of Making Certain Elections 
Under the Technical and Miscellaneous Revenue Act of 1988, and the 
Redesignation of Certain Other Temporary Elections Regulations. These 
regulations provide guidance to persons making these elections.

DATES: Written comments should be received on or before August 28, 2017 
to be assured of consideration.

ADDRESSES: Direct all written comments to L. Brimmer, Internal Revenue 
Service, Room 6526, 1111 Constitution Avenue NW., Washington, DC 20224.

[[Page 29178]]

    Requests for additional information or copies of the regulation 
should be directed to Taquesha Cain, Room 6526, 1111 Constitution 
Avenue NW., Washington, DC 20224, or through the internet at 
[email protected].

SUPPLEMENTARY INFORMATION: 
    Title: Certain Elections Under the Technical and Miscellaneous 
Revenue Act of 1988 and the Redesignation of Certain Other Temporary 
Elections Regulations.
    OMB Number: 1545-1112.
    Regulation Project Number: TD 8435 (Reg-301.9100-8).
    Abstract: Regulation section 301.9100-8 provides final income, 
estate and gift, and employment tax regulations relating to elections 
made under the Technical and Miscellaneous Revenue Act of 1988. This 
regulation enables taxpayers to take advantage of various benefits 
provided by the Internal Revenue Code.
    Current Actions: There is no change to this existing regulation.
    Type of Review: Extension of a currently approved collection.
    Affected Public: Individuals or households, business or other for-
profit organizations, not-for-profit institutions, farms, and state, 
local, or tribal governments.
    Estimated Number of Respondents: 24,105.
    Estimated Time per Respondent: 17 minutes.
    Estimated Total Annual Burden Hours: 6,661.
    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: June 19, 2017.
L. Brimmer,
Senior Tax Analyst.
[FR Doc. 2017-13346 Filed 6-26-17; 8:45 am]
 BILLING CODE 4830-01-P

Federal Register / Vol. 82, No. 122 / Tuesday, June 27, 2017 / Notices 29177 DATA ITEMS WITH AN INCREASE IN REPORTING THRESHOLD—Continued [Schedule RI–D is to be completed by banks with foreign offices (including Edge or Agreement subsidiaries and IBFs) and $10 billion or more in total assets where foreign office revenues, assets, or net income exceed 10 percent of consolidated total revenues, total assets, or net income.] [Schedule RC–D is to be completed by banks that reported total trading assets of $10 million or more in any of the four preceding calendar quarters and all banks meeting the FDIC’s definition of a large or highly complex institution for deposit insurance assessment purposes.] Schedule Item Item name MDRM No. RC–D ................... M5.c ........................... Asset-backed securities: Automobile loans ................................... RCFDF645 RC–D ................... M5.d .......................... Asset-backed securities: Other consumer loans ........................... RCFDF646 RC–D ................... M5.e .......................... Asset-backed securities: Commercial and industrial loans ........... RCFDF647 RC–D ................... M5.f ........................... Asset-backed securities: Other ..................................................... RCFDF648 RC–D ................... M7.a .......................... Equity securities: Readily determinable fair values ...................... RCFDF652 RC–D ................... M7.b .......................... Equity securities: Other ................................................................. RCFDF653 RC–D ................... M8 ............................. Loans pending securitization ......................................................... RCFDF654 RC–D ................... M9 ............................. Other trading assets ...................................................................... RCFDF655, RCFDF656, RCFDF657 RC–D ................... M10 ........................... Other trading liabilities ................................................................... RCFDF658, RCFDF659, RCFDF660 To be completed by banks with total trading assets of $10 million or more for any quarter of the preceding calendar year RI ......................... M8.a .......................... Trading revenue: Interest rate exposures ..................................... RIAD8757 RI ......................... M8.b .......................... Trading revenue: Foreign exchange exposures ........................... RIAD8758 RI ......................... M8.c ........................... Trading revenue: Equity security and index exposures ................ RIAD8759 RI ......................... M8.d .......................... Trading revenue: Commodity and other exposures ...................... RIAD8760 RI ......................... M8.e .......................... Trading revenue: Credit exposures ............................................... RIADF186 To be completed by banks with components of other noninterest income in amounts greater than $100,000 that exceed 7 percent of Schedule RI, item 5.l RI–E ..................... 1.a through 1.l ........... Other noninterest income (from Schedule RI, item 5.l) ................ RIADC013, RIADC014, RIADC016, RIAD4042, RIADC015, RIADF555, RIADT047, RIAD4461, RIAD4462, RIAD4463 To be completed by banks with components of other noninterest expense in amounts greater than $100,000 that exceed 7 percent of Schedule RI, item 7.d RI–E ..................... 2.a through 2.p .......... Other noninterest expense (from Schedule RI, item 7.d) ............. RIADC017, RIAD0497, RIAD4136, RIADC018, RIAD8403, RIAD4141, RIAD4146, RIADF556, RIADF557, RIADF558, RIADF559, RIADY923, RIADY924, RIAD4464, RIAD4467, RIAD4468 To be completed by banks with total trading assets of $10 million or more in any of the four preceding calendar quarters and all banks meeting the FDIC’s definition of a large or highly complex institution for deposit insurance assessment purposes. RC–K ................... 7 ................................ Trading assets ............................................................................... RCFD3401 Dated: June 21, 2017. DEPARTMENT OF THE TREASURY information. The IRS is soliciting Karen Solomon, comments concerning regulations Deputy Chief Counsel, Office of the Internal Revenue Service relating to the time and manner of Comptroller of the Currency. Making Certain Elections Under the Proposed Collection; Comment Technical and Miscellaneous Revenue Board of Governors of the Federal Reserve Request for Regulations Associated System, June 21, 2017. Act of 1988, and the Redesignation of With Miscellaneous Elections Certain Other Temporary Elections Ann E. Misback, AGENCY: Internal Revenue Service (IRS), Regulations. These regulations provide Secretary of the Board. guidance to persons making these Treasury. Dated at Washington, DC, this 21st day of elections. ACTION: Notice of information collection; June, 2017. mstockstill on DSK30JT082PROD with NOTICES request for comments. DATES: Written comments should be Federal Deposit Insurance Corporation. received on or before August 28, 2017 Robert E. Feldman, SUMMARY: The Internal Revenue Service to be assured of consideration. Executive Secretary. (IRS), in accordance with the Paperwork [FR Doc. 2017–13442 Filed 6–26–17; 8:45 am] Reduction Act of 1995 (PRA 95), ADDRESSES: Direct all written comments provides the general public and Federal to L. Brimmer, Internal Revenue BILLING CODE 4810–33–P 6210–01–P 6714–01–P agencies with an opportunity to Service, Room 6526, 1111 Constitution comment on continuing collections of Avenue NW., Washington, DC 20224. VerDate Sep<11>2014 18:33 Jun 26, 2017 Jkt 241001 PO 00000 Frm 00156 Fmt 4703 Sfmt 4703 E:\FR\FM\27JNN1.SGM 27JNN1

29178 Federal Register / Vol. 82, No. 122 / Tuesday, June 27, 2017 / Notices Requests for additional information or quality, utility, and clarity of the and engaged in the international copies of the regulation should be information to be collected; (d) ways to operation of ships or aircraft shall directed to Taquesha Cain, Room 6526, minimize the burden of the collection of exclude qualified income from gross 1111 Constitution Avenue NW., information on respondents, including income for purposes of United States Washington, DC 20224, or through the through the use of automated collection Federal income taxation, provided that internet at Taquesha.R.Cain@irs.gov. techniques or other forms of information the corporation can satisfy certain SUPPLEMENTARY INFORMATION: technology; and (e) estimates of capital ownership and related documentation Title: Certain Elections Under the or start-up costs and costs of operation, requirements. Technical and Miscellaneous Revenue maintenance, and purchase of services Current Actions: There are no changes Act of 1988 and the Redesignation of to provide information. being made to this existing regulation. Certain Other Temporary Elections Approved: June 19, 2017. Type of Review: Extension of a Regulations. L. Brimmer, currently approved collection. OMB Number: 1545–1112. Senior Tax Analyst. Regulation Project Number: TD 8435 Affected Public: Businesses or other [FR Doc. 2017–13346 Filed 6–26–17; 8:45 am] for-profit and not-for-profit institutions (Reg–301.9100–8). Abstract: Regulation section BILLING CODE 4830–01–P and individuals or households. 301.9100–8 provides final income, Estimated Number of Respondents: estate and gift, and employment tax DEPARTMENT OF THE TREASURY 16,400. regulations relating to elections made Estimated Time per Respondent: 1 hr., under the Technical and Miscellaneous Internal Revenue Service 27 min. Revenue Act of 1988. This regulation Estimated Total Annual Burden enables taxpayers to take advantage of Proposed Collection; Comment Hours: 23,900. various benefits provided by the Request for Regulation Project Internal Revenue Code. The following paragraph applies to all AGENCY: Internal Revenue Service (IRS), of the collections of information covered Current Actions: There is no change to Treasury. by this notice: this existing regulation. Type of Review: Extension of a ACTION: Notice and request for An agency may not conduct or currently approved collection. comments. sponsor, and a person is not required to Affected Public: Individuals or SUMMARY: The Internal Revenue Service, respond to, a collection of information households, business or other for-profit as part of its continuing effort to reduce unless the collection of information organizations, not-for-profit institutions, paperwork and respondent burden, displays a valid OMB control number. farms, and state, local, or tribal invites the general public and other Books or records relating to a collection governments. Federal agencies to take this of information must be retained as long Estimated Number of Respondents: opportunity to comment on information as their contents may become material 24,105. collections, as required by the in the administration of any internal Estimated Time per Respondent: 17 Paperwork Reduction Act of 1995. The revenue law. Generally, tax returns and minutes. IRS is soliciting comments concerning tax return information are confidential, Estimated Total Annual Burden exclusions from gross income of foreign as required by 26 U.S.C. 6103. Hours: 6,661. corporations. Request for Comments: Comments The following paragraph applies to all submitted in response to this notice will DATES: Written comments should be of the collections of information covered be summarized and/or included in the by this notice: received on or before August 28, 2017 to be assured of consideration. request for OMB approval. All An agency may not conduct or comments will become a matter of sponsor, and a person is not required to ADDRESSES: Direct all written comments public record. Comments are invited on: respond to, a collection of information to L. Brimmer, Internal Revenue (a) Whether the collection of unless the collection of information Service, Room 6526, 1111 Constitution information is necessary for the proper displays a valid OMB control number. Avenue NW., Washington, DC 20224. performance of the functions of the Books or records relating to a collection Requests for additional information or agency, including whether the of information must be retained as long copies of the regulations should be information shall have practical utility; as their contents may become material directed to Sara Covington, at Internal (b) the accuracy of the agency’s estimate in the administration of any internal Revenue Service, Room 6526, 1111 of the burden of the collection of revenue law. Generally, tax returns and Constitution Avenue NW., Washington, information; (c) ways to enhance the tax return information are confidential, DC 20224, or through the Internet, at quality, utility, and clarity of the as required by 26 U.S.C. 6103. Sara.L.Covington@irs.gov. information to be collected; (d) ways to Request for Comments: Comments SUPPLEMENTARY INFORMATION: minimize the burden of the collection of submitted in response to this notice will Title: Exclusions From Gross Income information on respondents, including be summarized and/or included in the of Foreign Corporations. through the use of automated collection request for OMB approval. All OMB Number: 1545–1677. techniques or other forms of information comments will become a matter of Regulation Project Number: TD 9502. technology; and (e) estimates of capital public record. Comments are invited on: Abstract: This regulation contains or start-up costs and costs of operation, (a) Whether the collection of rules implementing the portions of mstockstill on DSK30JT082PROD with NOTICES maintenance, and purchase of services information is necessary for the proper section 883(a) and (c) of the Internal to provide information. performance of the functions of the Revenue Code that relate to income agency, including whether the derived by foreign corporations from the Approved: June 19, 2017. information shall have practical utility; international operation of a ship or L. Brimmer, (b) the accuracy of the agency’s estimate ships or aircraft. The rules provide, in Senior Tax Analyst. of the burden of the collection of general, that a foreign corporation [FR Doc. 2017–13341 Filed 6–26–17; 8:45 am] information; (c) ways to enhance the organized in a qualified foreign country BILLING CODE P VerDate Sep<11>2014 18:33 Jun 26, 2017 Jkt 241001 PO 00000 Frm 00157 Fmt 4703 Sfmt 9990 E:\FR\FM\27JNN1.SGM 27JNN1


Document Created: 2018-11-14 10:15:34
Document Modified: 2018-11-14 10:15:34
CategoryRegulatory Information
CollectionFederal Register
sudoc ClassAE 2.7:
GS 4.107:
AE 2.106:
PublisherOffice of the Federal Register, National Archives and Records Administration
SectionNotices
ActionNotice of information collection; request for comments.
DatesWritten comments should be received on or before August 28, 2017 to be assured of consideration.
FR Citation82 FR 29177 
2025 Federal Register | Disclaimer | Privacy Policy
USC | CFR | eCFR