82 FR 41307 - Proposed Collection; Comment Request for Regulation Project

DEPARTMENT OF THE TREASURY
Internal Revenue Service

Federal Register Volume 82, Issue 167 (August 30, 2017)

Page Range		41307-41308
FR Document		2017-18333

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 long annuity contracts and qualifying longevity annuity contract information.

Federal Register, Volume 82 Issue 167 (Wednesday, August 30, 2017)

[Federal Register Volume 82, Number 167 (Wednesday, August 30, 2017)]
[Notices]
[Pages 41307-41308]
From the Federal Register Online  [www.thefederalregister.org]
[FR Doc No: 2017-18333]


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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 long annuity contracts 
and qualifying longevity annuity contract information.

DATES: Written comments should be received on or before October 30, 
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: Longevity Annuity Contracts and Qualifying Longevity Annuity 
Contract Information.
    OMB Number: 1545-2234.
    Regulation Project Numbers: TD 9673 and Form 1098-Q.
    Abstract: This regulation contains rules relating to the purchase 
of longevity annuity contracts under tax-qualified defined contribution 
plans under section 401(a) of the Internal Revenue Code, section 403(b) 
plans, individual retirement annuities and accounts (IRAs) under 
section 408, and eligible governmental section 457 plans. These 
regulations will provide the public with guidance necessary to comply 
with the required minimum distribution rules under section 401(a)(9). 
The information in Sec.  1.401(a)(9)-6, A-17(a)(6), is required in 
order to notify participants and beneficiaries, plan sponsors, and the 
IRS that the proposed regulations apply to a

[[Page 41308]]

contract. The information in the annual statement in Sec.  1.6047-2 is 
required in order to apply the dollar and percentage limitations in 
Sec.  1.401(a)(9)-6, A-17(b) and Sec.  1.408-8, Q&A-12(b) and to comply 
with other requirements of the required minimum distribution rules.
    Current Actions: There are no changes being made to this existing 
regulation or Form 1098-Q.
    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 Responses: 213,966.
    Estimated Time per Response: 8 min.
    Estimated Total Annual Burden Hours: 28,529.
    Estimated number of Recordkeepers: 150.
    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: August 22, 2017.
L. Brimmer,
Senior Tax Analyst.
[FR Doc. 2017-18333 Filed 8-29-17; 8:45 am]
 BILLING CODE 4830-01-P

41308 Federal Register / Vol. 82, No. 167 / Wednesday, August 30, 2017 / Notices

contract. The information in the annual DEPARTMENT OF THE TREASURY authorization to operate. The brewer
statement in § 1.6047–2 is required in maintains the approved Brewer’s Notice
order to apply the dollar and percentage Agency Information Collection and all associated documents at the
limitations in § 1.401(a)(9)–6, A–17(b) Activities; Submission for OMB brewery premises, in complete and
and § 1.408–8, Q&A–12(b) and to Review; Comment Request; Multiple current condition, readily available for
comply with other requirements of the TTB Information Collection Requests inspection by an appropriate TTB
required minimum distribution rules. officer. TTB regulations promulgated
AGENCY: Departmental Offices, U.S.
Current Actions: There are no changes under the authority of the IRC also
Department of the Treasury.
being made to this existing regulation or require that brewers submit letterhead
ACTION: Notice. applications or notices to conduct
Form 1098–Q.
Type of Review: Extension of a SUMMARY: The Department of the certain activities, such as to use a
currently approved collection. Treasury will submit the following brewery for purposes other than those
information collection requests to the specifically authorized (see 26 U.S.C.
Affected Public: Businesses or other
Office of Management and Budget 5411) or to operate a pilot brewery (see
for-profit and not-for-profit institutions
(OMB) for review and clearance in 26 U.S.C. 5417). Letterhead applications
and individuals or households.
accordance with the Paperwork and notices are necessary to identify
Estimated Number of Responses: brewery activities so that TTB may
213,966. Reduction Act of 1995, on or after the
date of publication of this notice. The ensure that proposed operations will not
Estimated Time per Response: 8 min. jeopardize the revenue and will comply
public is invited to submit comments on
Estimated Total Annual Burden with the IRC and the TTB regulations.
these requests.
Hours: 28,529. Form: TTB F 5130.10.
DATES: Comments should be received on
Estimated number of Recordkeepers: Affected Public: Businesses or other
or before September 29, 2017 to be for-profits.
150.
assured of consideration. Estimated Total Annual Burden
The following paragraph applies to all
ADDRESSES: Send comments regarding Hours: 32,092.
of the collections of information covered
by this notice: the burden estimate, or any other aspect Title: Application to Establish and
of the information collection, including Operate Wine Premises, and Wine
An agency may not conduct or suggestions for reducing the burden, to
sponsor, and a person is not required to Bond.
(1) Office of Information and Regulatory OMB Control Number: 1513–0009.
respond to, a collection of information Affairs, Office of Management and
unless the collection of information Type of Review: Extension without
Budget, Attention: Desk Officer for change of a currently approved
displays a valid OMB control number. Treasury, New Executive Office
Books or records relating to a collection collection.
Building, Room 10235, Washington, DC Abstract: The IRC at 26 U.S.C. 5351
of information must be retained as long 20503, or email at OIRA_Submission@
as their contents may become material through 5357 provides for the
OMB.EOP.gov and (2) Treasury PRA establishment of bonded wine cellars,
in the administration of any internal Clearance Officer, 1750 Pennsylvania
revenue law. Generally, tax returns and bonded wineries, and taxpaid wine
Ave. NW., Suite 8142, Washington, DC bottling houses and, to establish such
tax return information are confidential, 20220, or email at PRA@treasury.gov.
as required by 26 U.S.C. 6103. wine premises, these IRC sections
FOR FURTHER INFORMATION CONTACT: require the filing of applications and
Request for Comments: Comments
Copies of the submissions may be bonds. Under these authorities, TTB has
submitted in response to this notice will
obtained from Jennifer Leonard by issued TTB F 5120.25, Application to
be summarized and/or included in the
emailing PRA@treasury.gov, calling Establish and Operate Wine Premises, to
request for OMB approval. All
(202) 622–0489, or viewing the entire collect information that TTB uses to
comments will become a matter of
information collection request at determine the qualifications of an
public record. Comments are invited on:
www.reginfo.gov. applicant applying to establish and
(a) Whether the collection of
information is necessary for the proper SUPPLEMENTARY INFORMATION: operate a new wine premises.
performance of the functions of the Proprietors of established wine premises
Alcohol and Tobacco Tax and Trade also use TTB F 5120.25 to report
agency, including whether the Bureau (TTB)
information shall have practical utility; changes to required information such as
(b) the accuracy of the agency’s estimate Title: Letterhead Applications and location and ownership. Unless
of the burden of the collection of Notices Filed by Brewers, TTB REC exempted by the IRC at 26 U.S.C.
information; (c) ways to enhance the 5130/2; and Brewer’s Notice, TTB F 5551(d), wine premises respondents use
quality, utility, and clarity of the 5130.10. TTB F 5120.36, Wine Bond, to file bond
information to be collected; (d) ways to OMB Control Number: 1513–0005. coverage with TTB. The bond may be
minimize the burden of the collection of Type of Review: Extension without secured through a surety company or it
information on respondents, including change of a currently approved may be secured with collateral (cash,
through the use of automated collection collection. Treasury Bonds or Treasury Notes). The
techniques or other forms of information Abstract: The Internal Revenue Code bond protects the revenue by ensuring
technology; and (e) estimates of capital (IRC) at 26 U.S.C. 5401 requires brewers adequate assets are available to pay
or start-up costs and costs of operation, to file a notice of intent to operate a Federal excise tax liabilities.
brewery, containing such information as Forms: TTB F 5120.36w, TTB F
mstockstill on DSK30JT082PROD with NOTICES

maintenance, and purchase of services
prescribed by regulation. Under this 5120.36, TTB F 5120.25.
to provide information.
authority, TTB requires brewery Affected Public: Businesses or other
Approved: August 22, 2017. applicants to submit TTB F 5130.10, for-profits.
L. Brimmer, Brewer’s Notice, which collects Estimated Total Annual Burden
Senior Tax Analyst. information similar to that provided on Hours: 3,345.
[FR Doc. 2017–18333 Filed 8–29–17; 8:45 am] a permit application and, when Title: Brewer’s Bond and Brewer’s
BILLING CODE 4830–01–P approved by TTB, is a brewer’s Bond Continuation Certificate; Brewer’s

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Document Created: 2017-08-30 04:08:13
Document Modified: 2017-08-30 04:08:13

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 October 30, 2017 to be assured of consideration.
FR Citation		82 FR 41307

82 FR 41307 - Proposed Collection; Comment Request for Regulation Project

DEPARTMENT OF THE TREASURYInternal Revenue Service

Federal Register Volume 82, Issue 167 (August 30, 2017)

DEPARTMENT OF THE TREASURY
Internal Revenue Service