82 FR 35580 - Proposed Collection; Comment Request for Regulation Project

DEPARTMENT OF THE TREASURY
Internal Revenue Service

Federal Register Volume 82, Issue 145 (July 31, 2017)

Page Range		35580-35581
FR Document		2017-16011

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 continuing information collections, as required by the Paperwork Reduction Act of 1995. The IRS is soliciting comments concerning extensions of time to elect method for determining allowable loss.

Federal Register, Volume 82 Issue 145 (Monday, July 31, 2017)

[Federal Register Volume 82, Number 145 (Monday, July 31, 2017)]
[Notices]
[Pages 35580-35581]
From the Federal Register Online  [www.thefederalregister.org]
[FR Doc No: 2017-16011]


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

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.

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

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 
continuing information collections, as required by the Paperwork 
Reduction Act of 1995. The IRS is soliciting comments concerning 
extensions of time to elect method for determining allowable loss.

DATES: Written comments should be received on or before September 29, 
2017 to be assured of consideration.

ADDRESSES: Direct all written comments to L. Brimmer, Internal Revenue 
Service, Room 6529, 1111 Constitution Avenue NW., Washington, DC 20224. 
Requests for additional information or copies of the regulations should 
be directed to Kerry Dennis, Internal Revenue Service, Room 6529, 1111 
Constitution Avenue NW., Washington DC 20224, or through the internet, 
at [email protected].

SUPPLEMENTARY INFORMATION: 
    Title: Extensions of Time to Elect Method for Determining Allowable 
Loss.
    OMB Number: 1545-1774.
    Regulation Project Number: T.D. 9187.
    Abstract: Regulations under sections 337(d) and 1502 of the 
Internal Revenue Code (Code) disallow certain losses recognized on 
sales of subsidiary stock by members of a consolidated group. These 
regulations apply to corporations filing consolidated returns, both 
during and after the period of affiliation, and also affect purchasers 
of the stock of members of a consolidated group. The information with 
respect to Sec.  1.337(d)-2(c)(1) and (3) is necessary to ensure that 
loss is not disallowed under Sec.  1.337(d)-2(a) and basis is not 
reduced under Sec.  1.337(d)-2(b) to the extent the taxpayer 
establishes that the loss or basis is not attributable to the 
recognition of built-in gain on the disposition of an asset. The 
information with respect to Sec.  1.1502-32(b)(4)(vii)(C) is necessary 
to allow the taxpayer to amend an election that would benefit the 
taxpayer, i.e., to amend its waiver under Sec.  1.1502-32(b)(4), so 
that it may use its acquired subsidiary's losses.
    Current Actions: There is no change to this existing regulation.
    Type of Review: Extension of a currently approved collection.
    Affected Public: Business or other for-profit.
    Estimated Number of Respondents: 3,850.
    Estimated Time Per Respondent: 2 hours.
    Estimated Total Annual Burden Hours: 7,700.
    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,

[[Page 35581]]

maintenance, and purchase of services to provide information.

    Approved: July 20, 2017.
L. Brimmer,
Senior Tax Analyst.
[FR Doc. 2017-16011 Filed 7-28-17; 8:45 am]
BILLING CODE P

35580 Federal Register / Vol. 82, No. 145 / Monday, July 31, 2017 / Notices

DATES: Written comments should be (b) the accuracy of the agency’s estimate These regulations apply to corporations
received on or before September 29, of the burden of the collection of filing consolidated returns, both during
2017 to be assured of consideration. information; (c) ways to enhance the and after the period of affiliation, and
ADDRESSES: Direct all written comments quality, utility, and clarity of the also affect purchasers of the stock of
to L. Brimmer, Internal Revenue information to be collected; (d) ways to members of a consolidated group. The
Service, Room 6526, 1111 Constitution minimize the burden of the collection of information with respect to § 1.337(d)–
Avenue NW., Washington, DC 20224. information on respondents, including 2(c)(1) and (3) is necessary to ensure
Requests for additional information or through the use of automated collection that loss is not disallowed under
copies of the forms and instructions techniques or other forms of information § 1.337(d)–2(a) and basis is not reduced
should be directed to Sara Covington, technology; and (e) estimates of capital under § 1.337(d)–2(b) to the extent the
Internal Revenue Service, Room 6526, or start-up costs and costs of operation, taxpayer establishes that the loss or
1111 Constitution Avenue NW., maintenance, and purchase of services basis is not attributable to the
Washington, DC 20224, or through the to provide information. recognition of built-in gain on the
internet at Sara.L.Covington@irs.gov. Approved: July 24, 2017. disposition of an asset. The information
SUPPLEMENTARY INFORMATION:
with respect to § 1.1502–32(b)(4)(vii)(C)
L. Brimmer,
Title: Acquisition or Abandonment of is necessary to allow the taxpayer to
Senior Tax Analyst.
Secured Property. OMB Number: 1545– amend an election that would benefit
[FR Doc. 2017–16009 Filed 7–28–17; 8:45 am] the taxpayer, i.e., to amend its waiver
0877.
Form Number: 1099–A.
BILLING CODE P under § 1.1502–32(b)(4), so that it may
Abstract: Form 1099–A is used by use its acquired subsidiary’s losses.
Current Actions: There is no change to
persons who lend money in connection DEPARTMENT OF THE TREASURY this existing regulation.
with a trade or business, and who
Type of Review: Extension of a
acquire an interest in the property that Internal Revenue Service currently approved collection.
is security for the loan or who have Affected Public: Business or other for-
reason to know that the property has Proposed Collection; Comment
profit.
been abandoned, to report the Request for Regulation Project
Estimated Number of Respondents:
acquisition or abandonment. AGENCY: Internal Revenue Service (IRS), 3,850.
Current Actions: There are no changes Treasury. Estimated Time Per Respondent: 2
being made to the form approved under hours.
this collection. However, changes to the ACTION: Notice and request for
Estimated Total Annual Burden
estimated number of filers (616,300 to comments.
Hours: 7,700.
563,000), will result in a total burden SUMMARY: The Internal Revenue Service, The following paragraph applies to all
decrease of 8528 (98608 minus 90808). as part of its continuing effort to reduce of the collections of information covered
Type of Review: Revision of a current paperwork and respondent burden, by this notice.
OMB approval. invites the general public and other An agency may not conduct or
Affected Public: Businesses or other Federal agencies to take this sponsor, and a person is not required to
for-profit organizations. opportunity to comment on continuing respond to, a collection of information
Estimated Number of Responses: information collections, as required by unless the collection of information
563,000. the Paperwork Reduction Act of 1995. displays a valid OMB control number.
Estimated Time per Response: 9 min. The IRS is soliciting comments Books or records relating to a collection
Estimated Total Annual Burden concerning extensions of time to elect of information must be retained as long
Hours: 90,808. method for determining allowable loss. as their contents may become material
The following paragraph applies to all in the administration of any internal
DATES: Written comments should be
of the collections of information covered revenue law. Generally, tax returns and
by this notice: received on or before September 29,
tax return information are confidential,
An agency may not conduct or 2017 to be assured of consideration.
as required by 26 U.S.C. 6103.
sponsor, and a person is not required to ADDRESSES: Direct all written comments REQUEST FOR COMMENTS: Comments
respond to, a collection of information to L. Brimmer, Internal Revenue submitted in response to this notice will
unless the collection of information Service, Room 6529, 1111 Constitution be summarized and/or included in the
displays a valid OMB control number. Avenue NW., Washington, DC 20224. request for OMB approval. All
Books or records relating to a collection Requests for additional information or comments will become a matter of
of information must be retained as long copies of the regulations should be public record. Comments are invited on:
as their contents may become material directed to Kerry Dennis, Internal (a) Whether the collection of
in the administration of any internal Revenue Service, Room 6529, 1111 information is necessary for the proper
revenue law. Generally, tax returns and Constitution Avenue NW., Washington performance of the functions of the
tax return information are confidential, DC 20224, or through the internet, at agency, including whether the
as required by 26 U.S.C. 6103. Kerry.Dennis@irs.gov. information shall have practical utility;
Request for Comments: Comments SUPPLEMENTARY INFORMATION: (b) the accuracy of the agency’s estimate
submitted in response to this notice will Title: Extensions of Time to Elect of the burden of the collection of
be summarized and/or included in the Method for Determining Allowable information; (c) ways to enhance the
request for OMB approval. All Loss. quality, utility, and clarity of the
sradovich on DSKBCFCHB2PROD with NOTICES

comments will become a matter of OMB Number: 1545–1774. information to be collected; (d) ways to
public record. Comments are invited on: Regulation Project Number: T.D. 9187. minimize the burden of the collection of
(a) Whether the collection of Abstract: Regulations under sections information on respondents, including
information is necessary for the proper 337(d) and 1502 of the Internal Revenue through the use of automated collection
performance of the functions of the Code (Code) disallow certain losses techniques or other forms of information
agency, including whether the recognized on sales of subsidiary stock technology; and (e) estimates of capital
information shall have practical utility; by members of a consolidated group. or start-up costs and costs of operation,

VerDate Sep<11>2014 17:38 Jul 28, 2017 Jkt 241001 PO 00000 Frm 00074 Fmt 4703 Sfmt 4703 E:\FR\FM\31JYN1.SGM 31JYN1

Federal Register / Vol. 82, No. 145 / Monday, July 31, 2017 / Notices 35581

maintenance, and purchase of services DEPARTMENT OF VETERANS General Services Administration, the
to provide information. AFFAIRS Secretary of Veterans Affairs has
Approved: July 20, 2017. determined that the following Federal
Advisory Committee Charter Renewals advisory committee is vital to the
L. Brimmer,
AGENCY: Department of Veterans Affairs. mission of the Department of Veterans
Senior Tax Analyst. Affairs (VA) and renewing its charter
[FR Doc. 2017–16011 Filed 7–28–17; 8:45 am]
ACTION: Notice of Advisory Committee
Charter Renewals. would be in the public interest.
BILLING CODE P Consequently, the charter for the
In accordance with the provisions of following Federal advisory committee is
the Federal Advisory Committee ACT renewed for a two-year period,
(FACA) and after consultation with the beginning on the dates listed below:

Charter
Committee name Committee description renewed on

National Research Advisory Council ........ Provides advice to the Secretary on research and development sponsored and/or May 24, 2017.
conducted by the Veterans Health Administration, to include policies and pro-
grams of the Office, Research and Development.

The Secretary has also renewed the for a two-year period, beginning on the
charter for the following statutorily date listed below:
authorized Federal advisory committee

Charter
Committee name Committee description renewed on

Special Medical Advisory Group .............. Provides advice to the Secretary and the Under Secretary for Health on matters June 12, 2017.
relating to the care and treatment of Veterans and other matters pertinent to
the operations of the Veterans Health Administration, such as research, edu-
cation, training of health manpower, and VA/DOD contingency planning.

For further information contact Jeffrey DEPARTMENT OF VETERANS The COVER Commission members
Moragne, Committee Management AFFAIRS will be comprised of 10 voting members
Office, Department of Veterans Affairs, who are appointed by the President and
Advisory Committee Management Notice of Establishment of the Congressional leadership for the life of
Office (00AC), 810 Vermont Avenue Creating Options for Veterans’ the COVER Commission in accordance
NW., Washington, DC 20420; telephone Expedited Recovery Commission with section 931(c) of CARA.
(202) 266–4660; or email at (COVER Commission)
Any member of the public seeking
Jeffrey.Moragne@va.gov. To view a copy The Department of Veterans Affairs additional information should contact
of a VA Federal advisory committee (VA) hereby gives notice, under the Alfred Ozanian, Assistant Deputy
charter, visit http://www.va.gov/ Federal Advisory Committee Act of the Director, Mental Health Operations
advisory. establishment of the Creating Options (10NC5), Veterans Health
Date: July 26, 2017. for Veterans’ Expedited Recovery Administration, Department of Veterans
Commission (‘‘COVER Commission’’), Affairs, 810 Vermont Avenue NW.,
Jelessa M. Burney,
authorized by section 931 of the Washington, DC or email at
Federal Advisory Committee Management Comprehensive Addiction and Recover
Officer. Alfred.Ozanian2@va.gov or phone at
Act of 2016 (CARA). 202–461–5936.
[FR Doc. 2017–16066 Filed 7–28–17; 8:45 am] The COVER Commission will
BILLING CODE 8320–01–P examine the evidence-based therapy Dated: July 25, 2017.
treatment model used by the Secretary LaTonya L. Small,
of Veterans Affairs for treating mental Federal Advisory Committee Management
health conditions of veterans and the Officer.
potential benefits of incorporating [FR Doc. 2017–15998 Filed 7–28–17; 8:45 am]
complementary and integrative health BILLING CODE P
treatments available in non-Department
facilities.
sradovich on DSKBCFCHB2PROD with NOTICES

VerDate Sep<11>2014 17:38 Jul 28, 2017 Jkt 241001 PO 00000 Frm 00075 Fmt 4703 Sfmt 9990 E:\FR\FM\31JYN1.SGM 31JYN1

Document Created: 2017-07-29 00:21:22
Document Modified: 2017-07-29 00:21:22

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 September 29, 2017 to be assured of consideration.
FR Citation		82 FR 35580

82 FR 35580 - Proposed Collection; Comment Request for Regulation Project

DEPARTMENT OF THE TREASURYInternal Revenue Service

Federal Register Volume 82, Issue 145 (July 31, 2017)

DEPARTMENT OF THE TREASURY
Internal Revenue Service