82_FR_3391 82 FR 3384 - Proposed Collection; Comment Request on Capitalization of Interest

82 FR 3384 - Proposed Collection; Comment Request on Capitalization of Interest

DEPARTMENT OF THE TREASURY
Internal Revenue Service

Federal Register Volume 82, Issue 7 (January 11, 2017)

Page Range3384-3385
FR Document2017-00332

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, Public Law 104-13 (44 U.S.C. 3506(c)(2)(A)). Currently, the IRS is soliciting comments concerning TD 8584, capitalization of interest.

Federal Register, Volume 82 Issue 7 (Wednesday, January 11, 2017) 
[Federal Register Volume 82, Number 7 (Wednesday, January 11, 2017)]
[Notices]
[Pages 3384-3385]
From the Federal Register Online  [www.thefederalregister.org]
[FR Doc No: 2017-00332]


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DEPARTMENT OF THE TREASURY

Internal Revenue Service


Proposed Collection; Comment Request on Capitalization of 
Interest

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, Public Law 104-13 (44 U.S.C. 
3506(c)(2)(A)). Currently, the IRS is soliciting comments concerning TD 
8584, capitalization of interest.

DATES: Written comments should be received on or before March 13, 2017 
to be assured of consideration.

ADDRESSES: Direct all written comments to Tuawana Pinkston, Internal 
Revenue Service, Room 6528, 1111 Constitution Avenue NW., Washington, 
DC 20224.

FOR FURTHER INFORMATION CONTACT: Requests for additional information or 
copies of the information collection should be directed to R. Joseph 
Durbala (202) 317-5746, or at Internal Revenue Service, Room 6129, 1111 
Constitution Avenue NW., Washington DC 20224, or through the internet, 
at RJoseph.Durbala@irs.gov.
    Title: Capitalization of Interest.
    OMB Number: 1545-1265.
    Regulation Project Number: TD 8584
    Abstract: Internal Revenue Code section 263A(f) requires taxpayers 
to estimate the length of the production period and total cost of 
tangible personal property to determine if Interest capitalization is 
required. This regulation requires taxpayers to maintain 
contemporaneous written records of production period estimates, to file 
a ruling request to segregate activities in applying the interest 
capitalization rules, and to request the consent of the Commissioner to 
change their methods of accounting for the capitalization of interest.
    Current Actions: There is no change to this existing regulation.
    Type of Review: Extension of a currently approved approval.
    Affected Public: Individuals or households, and business or other 
for-profit organizations.
    Estimated Number of Respondents: 500,050.
    Estimated Time per Respondent: 14 Minutes.
    Estimated Total Annual Burden Hours: 116,767 Hours.
    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;

[[Page 3385]]

(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: December 28, 2016.
R. Joseph Durbala,
Tax Analyst, IRS.
[FR Doc. 2017-00332 Filed 1-10-17; 8:45 am]
 BILLING CODE 4830-01-P

3384 Federal Register / Vol. 82, No. 7 / Wednesday, January 11, 2017 / Notices tools, reporting, and record-keeping displays a valid OMB control number. Service, Room 6528, 1111 Constitution requirements: Books or records relating to a collection Avenue NW., Washington, DC 20224. Title: Collection of Qualitative of information must be retained as long FOR FURTHER INFORMATION CONTACT: Feedback on Agency Service Delivery as their contents may become material Requests for additional information or OMB Number: 1545–2256. in the administration of any internal copies of the information collection Form Number: N/A. revenue law. Generally, tax returns and should be directed to R. Joseph Durbala Abstract: Executive Order 12862 tax return information are confidential, (202) 317–5746, or at Internal Revenue directs Federal agencies to provide as required by 26 U.S.C. 6103. Service, Room 6129, 1111 Constitution service to the public that matches or Request for Comments: Comments Avenue NW., Washington DC 20224, or exceeds the best service available in the submitted in response to this notice will through the internet, at private sector. Executive Order 13571 be summarized and/or included in the RJoseph.Durbala@irs.gov. expands on this concept to include request for OMB approval. All Title: Capitalization of Interest. recent developments in private sector comments will become a matter of OMB Number: 1545–1265. advances in internet customer service public record. Comments are invited on: Regulation Project Number: TD 8584 technologies. In order to work (a) Whether the collection of Abstract: Internal Revenue Code continuously to ensure that our online information is necessary for the proper section 263A(f) requires taxpayers to products and services are effective and performance of the functions of the estimate the length of the production meet our customers’ needs, The Internal agency, including whether the period and total cost of tangible Revenue Service (hereafter ‘‘the information shall have practical utility; personal property to determine if Agency’’) seeks to obtain OMB approval (b) the accuracy of the agency’s estimate Interest capitalization is required. This of a generic Clearance for the Collection of the burden of the collection of regulation requires taxpayers to of Qualitative Feedback on Agency information; (c) ways to enhance the maintain contemporaneous written Service Delivery. By routine customer quality, utility, and clarity of the records of production period estimates, feedback we mean information that information to be collected; (d) ways to to file a ruling request to segregate focuses on the awareness, minimize the burden of the collection of activities in applying the interest understanding, attitudes, preferences, or information on respondents, including capitalization rules, and to request the experiences of customers or other through the use of automated collection consent of the Commissioner to change stakeholders relating to existing or techniques or other forms of information their methods of accounting for the future services or products, but are not technology; and (e) estimates of capital capitalization of interest. statistical surveys that yield quantitative or start-up costs and costs of operation, Current Actions: There is no change to results that can be generalized to the maintenance, and purchase of services this existing regulation. population of study. to provide information. Current Actions: Extension of Type of Review: Extension of a Approved: December 28, 2016. currently approved approval. currently approved collection. R. Joseph Durbala, Type of Review: Extension request. Affected Public: Individuals or Affected Public: This collection of Tax Analyst, IRS. households, and business or other for- information is necessary to enable the [FR Doc. 2017–00335 Filed 1–10–17; 8:45 am] profit organizations. Agency to garner customer and BILLING CODE 4830–01–P Estimated Number of Respondents: stakeholder feedback in an efficient, 500,050. timely manner, in accordance with our Estimated Time per Respondent: 14 commitment to improving service DEPARTMENT OF THE TREASURY Minutes. delivery. The information collected Estimated Total Annual Burden Internal Revenue Service Hours: 116,767 Hours. from our customers and stakeholders will help ensure that users have an The following paragraph applies to all Proposed Collection; Comment effective, efficient, and satisfying of the collections of information covered Request on Capitalization of Interest experience with the Agency’s programs. by this notice: This feedback will provide insights into AGENCY: Internal Revenue Service (IRS), An agency may not conduct or customer or stakeholder perceptions, Treasury. sponsor, and a person is not required to experiences and expectations, provide ACTION: Notice and request for respond to, a collection of information an early warning of issues with service, comments. unless the collection of information or focus attention on areas where displays a valid OMB control number. SUMMARY: The Department of the Books or records relating to a collection communication, training or changes in Treasury, as part of its continuing effort of information must be retained as long operations might improve delivery of to reduce paperwork and respondent as their contents may become material products or services. It will also allow burden, invites the general public and in the administration of any internal feedback to contribute directly to the other Federal agencies to take this revenue law. Generally, tax returns and improvement of program management. opportunity to comment on proposed tax return information are confidential, Estimated Number of Respondents: and/or continuing information as required by 26 U.S.C. 6103. 1,000,050. Estimated Time per Respondent: 1 hr., collections, as required by the Request for Comments: Comments 18 min. Paperwork Reduction Act of 1995, submitted in response to this notice will Estimated Total Annual Burden Public Law 104–13 (44 U.S.C. be summarized and/or included in the 3506(c)(2)(A)). Currently, the IRS is request for OMB approval. All sradovich on DSK3GMQ082PROD with NOTICES Hours: 266,680. The following paragraph applies to all soliciting comments concerning TD comments will become a matter of of the collections of information covered 8584, capitalization of interest. public record. Comments are invited on: by this notice: DATES: Written comments should be (a) Whether the collection of An agency may not conduct or received on or before March 13, 2017 to information is necessary for the proper sponsor, and a person is not required to be assured of consideration. performance of the functions of the respond to, a collection of information ADDRESSES: Direct all written comments agency, including whether the unless the collection of information to Tuawana Pinkston, Internal Revenue information shall have practical utility; VerDate Sep<11>2014 19:05 Jan 10, 2017 Jkt 241001 PO 00000 Frm 00105 Fmt 4703 Sfmt 4703 E:\FR\FM\11JAN1.SGM 11JAN1

Federal Register / Vol. 82, No. 7 / Wednesday, January 11, 2017 / Notices 3385 (b) the accuracy of the agency’s estimate requesting rewards for submitting DEPARTMENT OF VETERANS of the burden of the collection of information concerning alleged AFFAIRS information; (c) ways to enhance the violations of the tax laws by other quality, utility, and clarity of the persons. Such rewards are authorized by Notice of Availability of a Record of information to be collected; (d) ways to Internal Revenue Code section 7623. Decision (ROD) for the Reconfiguration minimize the burden of the collection of The data is used to determine and pay of VA Black Hills Health Care System information on respondents, including rewards to those persons who (BHHCS) through the use of automated collection voluntarily submit information. AGENCY: Department of Veterans Affairs techniques or other forms of information Current Actions: There are no changes (VA). technology; and (e) estimates of capital being made to form 211 at this time. or start-up costs and costs of operation, ACTION: Notice of Availability. maintenance, and purchase of services Type of Review: Extension of a currently approved collection. SUMMARY: VA announces the availability to provide information. of the ROD for the Reconfiguration of Approved: December 28, 2016. Affected Public: Individuals or VA Black Hills Health Care System R. Joseph Durbala, households. (BHHCS). The ROD states the decision Tax Analyst, IRS. Estimated Number of Responses: to implement VA’s preferred alternative [FR Doc. 2017–00332 Filed 1–10–17; 8:45 am] 20,000. as described in the Final EIS. BILLING CODE 4830–01–P Estimated Time per Response: 45 Environmental consequences of the minutes. action are discussed in the ROD, along with the required minimization and Estimated Total Annual Burden mitigation measures. DEPARTMENT OF THE TREASURY Hours: 15,000. DATES: The ROD is effective January 11, Internal Revenue Service The following paragraph applies to all 2017. of the collections of information covered ADDRESSES: The ROD may be viewed Proposed Collection; Comment by this notice: Request for Form 211 online at www.blackhills.va.gov/ An agency may not conduct or vablackhillsfuture/. Copies of the ROD AGENCY: Internal Revenue Service (IRS), sponsor, and a person is not required to are also available in the following Treasury. respond to, a collection of information public locations: Hot Springs; Rapid ACTION: Notice and request for unless the collection of information City Downtown; Sturgis; Chadron; comments. displays a valid OMB control number. Alliance; Lied Scottsbluff; and Pierre Books or records relating to a collection (Rawlins Municipal) public libraries, as SUMMARY: The Department of the of information must be retained as long well as in Pine Ridge at the Oglala Treasury, as part of its continuing effort as their contents may become material Lakota College Pine Ridge Center library to reduce paperwork and respondent in the administration of any internal on the high school campus. burden, invites the general public and revenue law. Generally, tax returns and FOR FURTHER INFORMATION CONTACT: Staff other Federal agencies to take this tax return information are confidential, Assistant to the Director, VA Black Hills opportunity to comment on proposed as required by 26 U.S.C. 6103. Health Care System, 113 Comanche and/or continuing information Road, Fort Meade, SD 57741, or by collections, as required by the Request for Comments: Comments submitted in response to this notice will email to vablackhillsfuture@va.gov. Paperwork Reduction Act of 1995, Public Law 104–13(44 U.S.C. be summarized and/or included in the SUPPLEMENTARY INFORMATION: VA 3506(c)(2)(A)). Currently, the IRS is request for OMB approval. All BHHCS provides health care to soliciting comments concerning Form comments will become a matter of approximately 19,000 Veterans over 211, Application for Reward for Original public record. Comments are invited on: 100,000 square miles in western South Information. (a) Whether the collection of Dakota (SD), northwestern Nebraska information is necessary for the proper (NE), and eastern Wyoming (WY). VA DATES: Written comments should be performance of the functions of the BHHCS consists of two medical centers received on or before March 13, 2017 to agency, including whether the at Fort Meade and Hot Springs, eight be assured of consideration. information shall have practical utility; community-based outpatient clinics ADDRESSES: Direct all written comments (b) the accuracy of the agency’s estimate (CBOC), and six Compensated Work to Tuawana Pinkston, Internal Revenue of the burden of the collection of Therapy locations. VA BHHCS has Service, Room 6528, 1111 Constitution information; (c) ways to enhance the identified a need to reconfigure the Avenue NW., Washington, DC 20224. quality, utility, and clarity of the health care services to ensure it FOR FURTHER INFORMATION CONTACT: information to be collected; (d) ways to continues to provide high quality, safe, Requests for additional information or minimize the burden of the collection of and accessible health care services copies of the form and instructions information on respondents, including across its service area. The existing should be directed to R. Joseph Durbala, through the use of automated collection locations and facilities constrain the at Internal Revenue Service, Room 6129, techniques or other forms of information quality of care, range of services, and 1111 Constitution Avenue NW., technology; and (e) estimates of capital access to care that VA offers in the Washington DC 20224, or through the or start-up costs and costs of operation, catchment area. The Hot Springs internet, at RJoseph.Durbala@irs.gov. maintenance, and purchase of services campus includes buildings constructed sradovich on DSK3GMQ082PROD with NOTICES SUPPLEMENTARY INFORMATION: to provide information. in 1907 as part of the Battle Mountain Title: Form 211, Application for Approved: December 28, 2016. Branch of the National Home for Reward for Original Information. Disabled Volunteer Soldiers. The Battle R. Joseph Durbala, OMB Number: 1545–0409. Mountain Sanitarium was recognized as Form Number: Form 211. Tax Analyst, IRS. a National Historic Landmark in 2011. Abstract: Form 211 is the official [FR Doc. 2017–00336 Filed 1–10–17; 8:45 am] Pursuant to NEPA, VA has identified application form used by persons BILLING CODE 4830–01–P and analyzed potential environmental VerDate Sep<11>2014 19:05 Jan 10, 2017 Jkt 241001 PO 00000 Frm 00106 Fmt 4703 Sfmt 4703 E:\FR\FM\11JAN1.SGM 11JAN1


Document Created: 2018-02-01 14:59:01
Document Modified: 2018-02-01 14:59:01
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 and request for comments.
DatesWritten comments should be received on or before March 13, 2017 to be assured of consideration.
ContactRequests for additional information or copies of the information collection should be directed to R. Joseph Durbala (202) 317-5746, or at Internal Revenue Service, Room 6129, 1111 Constitution Avenue NW., Washington DC 20224, or through the internet, at [email protected]
FR Citation82 FR 3384 
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