82 FR 29178 - Proposed Collection; Comment Request for Regulation Project

DEPARTMENT OF THE TREASURY
Internal Revenue Service

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

Page Range		29178-29178
FR Document		2017-13341

The Internal Revenue Service, 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 information collections, as required by the Paperwork Reduction Act of 1995. The IRS is soliciting comments concerning exclusions from gross income of foreign corporations.

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

[Federal Register Volume 82, Number 122 (Tuesday, June 27, 2017)]
[Notices]
[Page 29178]
From the Federal Register Online  [www.thefederalregister.org]
[FR Doc No: 2017-13341]


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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 Internal Revenue Service, 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 
information collections, as required by the Paperwork Reduction Act of 
1995. The IRS is soliciting comments concerning exclusions from gross 
income of foreign corporations.

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. 
Requests for additional information or copies of the regulations should 
be directed to Sara Covington, at Internal Revenue Service, Room 6526, 
1111 Constitution Avenue NW., Washington, DC 20224, or through the 
Internet, at [email protected].

SUPPLEMENTARY INFORMATION: 
    Title: Exclusions From Gross Income of Foreign Corporations.
    OMB Number: 1545-1677.
    Regulation Project Number: TD 9502.
    Abstract: This regulation contains rules implementing the portions 
of section 883(a) and (c) of the Internal Revenue Code that relate to 
income derived by foreign corporations from the international operation 
of a ship or ships or aircraft. The rules provide, in general, that a 
foreign corporation organized in a qualified foreign country and 
engaged in the international operation of ships or aircraft shall 
exclude qualified income from gross income for purposes of United 
States Federal income taxation, provided that the corporation can 
satisfy certain ownership and related documentation requirements.
    Current Actions: There are no changes being made to this existing 
regulation.
    Type of Review: Extension of a currently approved collection.
    Affected Public: Businesses or other for-profit and not-for-profit 
institutions and individuals or households.
    Estimated Number of Respondents: 16,400.
    Estimated Time per Respondent: 1 hr., 27 min.
    Estimated Total Annual Burden Hours: 23,900.
    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. 2017-13341 Filed 6-26-17; 8:45 am]
 BILLING CODE P

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

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Document Created: 2018-11-14 10:15:35
Document Modified: 2018-11-14 10:15:35

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 August 28, 2017 to be assured of consideration.
FR Citation		82 FR 29178

82 FR 29178 - Proposed Collection; Comment Request for Regulation Project

DEPARTMENT OF THE TREASURYInternal Revenue Service

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

DEPARTMENT OF THE TREASURY
Internal Revenue Service