82_FR_45864 82 FR 45676 - Proposed Collection; Comment Request for Regulation Project

82 FR 45676 - Proposed Collection; Comment Request for Regulation Project

DEPARTMENT OF THE TREASURY
Internal Revenue Service

Federal Register Volume 82, Issue 188 (September 29, 2017)

Page Range45676-45677
FR Document2017-20876

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 proposed and/or continuing information collections, as required by the Paperwork Reduction Act of 1995. The IRS is soliciting comments concerning information collection requirements related to additional first year depreciation deduction.

Federal Register, Volume 82 Issue 188 (Friday, September 29, 2017)
[Federal Register Volume 82, Number 188 (Friday, September 29, 2017)]
[Notices]
[Pages 45676-45677]
From the Federal Register Online  [www.thefederalregister.org]
[FR Doc No: 2017-20876]


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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.

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

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 
proposed and/or continuing information collections, as required by the 
Paperwork Reduction Act of 1995. The IRS is soliciting comments 
concerning information collection requirements related to additional 
first year depreciation deduction.

DATES: Written comments should be received on or before November 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 regulation 
should be directed to Sara Covington, at the Internal Revenue Service, 
Room 6526, 1111 Constitution Avenue NW., Washington, DC 20224, or 
through the internet at [email protected].

SUPPLEMENTARY INFORMATION: 
    Title: Additional First Year Depreciation Deduction.
    OMB Number: 1545-2207.
    Regulation Project Number: Revenue Procedure 2011-26,
    Abstract: This revenue procedure provides guidance under Sec.  
2022(a) of the Small Business Jobs Act of 2010, Public Law 111-240, 124 
Stat. 2504 (September 27, 2010) (SBJA), and Sec.  401(a) and (b) of the 
Tax Relief, Unemployment Insurance

[[Page 45677]]

Reauthorization, and Job Creation Act of 2010, Public Law 111-312, 124 
Stat. 3296 (December 17, 2010) (TRUIRJCA). Sections 2022(a) of the SBJA 
and 401(a) of the TRUIRJCA amend Sec.  168(k)(2) of the Internal 
Revenue Code by extending the placed-in-service date for property to 
qualify for the 50-percent additional first year depreciation 
deduction. Section 401(b) of the TRUIRJCA amends Sec.  168(k) by adding 
Sec.  168(k)(5), which temporarily allows a 100-percent additional 
first year depreciation deduction for certain new property.
    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; individuals or 
households.
    Estimated Number of Respondents: 250,000.
    Estimated Time per Respondent: 30 minutes.
    Estimated Total Annual Burden Hours: 125,000.
    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: September 21, 2017.
L. Brimmer,
Senior Tax Analyst.
[FR Doc. 2017-20876 Filed 9-28-17; 8:45 am]
 BILLING CODE 4830-01-P



                                                    45676                       Federal Register / Vol. 82, No. 188 / Friday, September 29, 2017 / Notices

                                                    Books or records relating to a collection               directed to Martha R. Brinson, Internal               information to be collected; (d) ways to
                                                    of information must be retained as long                 Revenue Service, Room 6526, 1111                      minimize the burden of the collection of
                                                    as their contents may become material                   Constitution Avenue NW., Washington,                  information on respondents, including
                                                    in the administration of any internal                   DC 20224, or through the Internet at                  through the use of automated collection
                                                    revenue law. Generally, tax returns and                 Martha.R.Brinson@irs.gov.                             techniques or other forms of information
                                                    tax return information are confidential,                SUPPLEMENTARY INFORMATION:                            technology; and (e) estimates of capital
                                                    as required by 26 U.S.C. 6103.                             Title: Amortizable Bond Premium.                   or start-up costs and costs of operation,
                                                       Request for Comments: Comments                          OMB Number: 1545–1491.                             maintenance, and purchase of services
                                                    submitted in response to this notice will                  Regulation Project Number: T.D. 8746.              to provide information.
                                                    be summarized and/or included in the                       Abstract: This regulation addresses                  Approved: September 21, 2017.
                                                    request for OMB approval. All                           the tax treatment of bond premium. The                L. Brimmer,
                                                    comments will become a matter of                        regulation provides that a holder may
                                                    public record. Comments are invited on:                                                                       Senior Tax Analyst.
                                                                                                            make an election to amortize bond                     [FR Doc. 2017–20872 Filed 9–28–17; 8:45 am]
                                                    (a) Whether the collection of                           premium by offsetting interest income
                                                    information is necessary for the proper                 with bond premium, and the holder
                                                                                                                                                                  BILLING CODE 4830–01–P
                                                    performance of the functions of the                     must attach a statement to their tax
                                                    agency, including whether the                           return providing certain information.
                                                    information shall have practical utility;                                                                     DEPARTMENT OF THE TREASURY
                                                                                                            The regulation also provides that a
                                                    (b) the accuracy of the agency’s estimate               taxpayer may receive automatic consent
                                                    of the burden of the collection of                                                                            Internal Revenue Service
                                                                                                            to change its method of accounting for
                                                    information; (c) ways to enhance the                                                                          Proposed Collection; Comment
                                                                                                            premium provided the taxpayer attaches
                                                    quality, utility, and clarity of the                                                                          Request for Regulation Project
                                                                                                            a statement to its tax return. The
                                                    information to be collected; (d) ways to
                                                                                                            information requested is necessary for
                                                    minimize the burden of the collection of                                                                      AGENCY: Internal Revenue Service (IRS),
                                                                                                            the IRS to determine whether an issuer
                                                    information on respondents, including                                                                         Treasury.
                                                                                                            or a holder has changed its method of
                                                    through the use of automated collection                                                                       ACTION: Notice and request for
                                                                                                            accounting for premium.
                                                    techniques or other forms of information                                                                      comments.
                                                                                                               Current Actions: There is no change to
                                                    technology; and (e) estimates of capital
                                                                                                            this existing regulation.                             SUMMARY:    The Internal Revenue Service,
                                                    or start-up costs and costs of operation,
                                                                                                               Type of Review: Extension of a                     as part of its continuing effort to reduce
                                                    maintenance, and purchase of services
                                                                                                            currently approved collection.                        paperwork and respondent burden,
                                                    to provide information.
                                                                                                               Affected Public: Businesses or other               invites the general public and other
                                                      Approved: September 21, 2017.                         for-profit organizations and individuals.
                                                    L. Brimmer,
                                                                                                                                                                  Federal agencies to take this
                                                                                                               Estimated Number of Respondents:                   opportunity to comment on proposed
                                                    Senior Tax Analyst.                                     10,000.                                               and/or continuing information
                                                    [FR Doc. 2017–20875 Filed 9–28–17; 8:45 am]                Estimated Time per Respondent: 45                  collections, as required by the
                                                    BILLING CODE 4830–01–P                                  minutes.                                              Paperwork Reduction Act of 1995. The
                                                                                                               Estimated Total Annual Burden                      IRS is soliciting comments concerning
                                                                                                            Hours: 7,500.                                         information collection requirements
                                                    DEPARTMENT OF THE TREASURY                                 The following paragraph applies to all             related to additional first year
                                                                                                            of the collections of information covered             depreciation deduction.
                                                    Internal Revenue Service                                by this notice:
                                                                                                                                                                  DATES: Written comments should be
                                                                                                               An agency may not conduct or
                                                    Proposed Collection; Comment                                                                                  received on or before November 28,
                                                                                                            sponsor, and a person is not required to
                                                    Request for Regulation Project                                                                                2017 to be assured of consideration.
                                                                                                            respond to, a collection of information
                                                    AGENCY: Internal Revenue Service (IRS),                 unless the collection of information                  ADDRESSES: Direct all written comments
                                                    Treasury.                                               displays a valid OMB control number.                  to L. Brimmer, Internal Revenue
                                                    ACTION: Notice and request for                          Books or records relating to a collection             Service, Room 6526, 1111 Constitution
                                                    comments.                                               of information must be retained as long               Avenue NW., Washington, DC 20224.
                                                                                                            as their contents may become material                   Requests for additional information or
                                                    SUMMARY:   The Internal Revenue Service                 in the administration of any internal                 copies of the regulation should be
                                                    (IRS), as part of its continuing effort to              revenue law. Generally, tax returns and               directed to Sara Covington, at the
                                                    reduce paperwork and respondent                         tax return information are confidential,              Internal Revenue Service, Room 6526,
                                                    burden, invites the general public and                  as required by 26 U.S.C. 6103.                        1111 Constitution Avenue NW.,
                                                    other Federal agencies to take this                        Request for Comments: Comments                     Washington, DC 20224, or through the
                                                    opportunity to comment on information                   submitted in response to this notice will             internet at Sara.L.Covington@irs.gov.
                                                    collections, as required by the                         be summarized and/or included in the                  SUPPLEMENTARY INFORMATION:
                                                    Paperwork Reduction Act of 1995. The                    request for OMB approval. All                           Title: Additional First Year
                                                    IRS is soliciting comments concerning                   comments will become a matter of                      Depreciation Deduction.
                                                    amortizable bond premium.                               public record. Comments are invited on:                 OMB Number: 1545–2207.
                                                    DATES: Written comments should be
asabaliauskas on DSKBBXCHB2PROD with NOTICES




                                                                                                            (a) Whether the collection of                           Regulation Project Number: Revenue
                                                    received on or before November 28,                      information is necessary for the proper               Procedure 2011–26,
                                                    2017 to be assured of consideration.                    performance of the functions of the                     Abstract: This revenue procedure
                                                    ADDRESSES: Direct all written comments                  agency, including whether the                         provides guidance under § 2022(a) of
                                                    to L. Brimmer, Internal Revenue                         information shall have practical utility;             the Small Business Jobs Act of 2010,
                                                    Service, Room 6526, 1111 Constitution                   (b) the accuracy of the agency’s estimate             Public Law 111–240, 124 Stat. 2504
                                                    Avenue NW., Washington, DC 20224.                       of the burden of the collection of                    (September 27, 2010) (SBJA), and
                                                    Requests for additional information or                  information; (c) ways to enhance the                  § 401(a) and (b) of the Tax Relief,
                                                    copies of the regulations should be                     quality, utility, and clarity of the                  Unemployment Insurance


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                                                                                Federal Register / Vol. 82, No. 188 / Friday, September 29, 2017 / Notices                                                45677

                                                    Reauthorization, and Job Creation Act of                technology; and (e) estimates of capital              claim these refunds, credits, or
                                                    2010, Public Law 111–312, 124 Stat.                     or start-up costs and costs of operation,             abatements.
                                                    3296 (December 17, 2010) (TRUIRJCA).                    maintenance, and purchase of services                    Current Actions: There are no changes
                                                    Sections 2022(a) of the SBJA and 401(a)                 to provide information.                               being made to the form at this time.
                                                    of the TRUIRJCA amend § 168(k)(2) of                      Approved: September 21, 2017.                          Type of Review: Extension of a
                                                    the Internal Revenue Code by extending                  L. Brimmer,                                           currently approved collection.
                                                    the placed-in-service date for property                                                                          Affected Public: Business or other for-
                                                                                                            Senior Tax Analyst.
                                                    to qualify for the 50-percent additional                                                                      profit organizations, individuals or
                                                                                                            [FR Doc. 2017–20876 Filed 9–28–17; 8:45 am]
                                                    first year depreciation deduction.                                                                            households, not-for-profit institutions,
                                                    Section 401(b) of the TRUIRJCA amends                   BILLING CODE 4830–01–P
                                                                                                                                                                  farms, and state, local or tribal
                                                    § 168(k) by adding § 168(k)(5), which                                                                         governments.
                                                    temporarily allows a 100-percent                                                                                 Estimated Number of Responses:
                                                                                                            DEPARTMENT OF THE TREASURY
                                                    additional first year depreciation                                                                            550,500.
                                                    deduction for certain new property.                     Internal Revenue Service                                 Estimated Time per Respondent: 1 hr.,
                                                       Current Actions: There is no change to                                                                     35 min.
                                                    this existing regulation.                               Proposed Collection; Comment                             Estimated Total Annual Burden
                                                       Type of Review: Extension of a                       Request for Form 843                                  Hours: 875,295.
                                                    currently approved collection.                                                                                   The following paragraph applies to all
                                                       Affected Public: Business or other for-              AGENCY: Internal Revenue Service (IRS),               of the collections of information covered
                                                    profit; individuals or households.                      Treasury.                                             by this notice:
                                                       Estimated Number of Respondents:                     ACTION: Notice and request for                           An agency may not conduct or
                                                    250,000.                                                comments.                                             sponsor, and a person is not required to
                                                       Estimated Time per Respondent: 30                                                                          respond to, a collection of information
                                                    minutes.                                                SUMMARY:   The Internal Revenue Service
                                                                                                            (IRS), as part of its continuing effort to            unless the collection of information
                                                       Estimated Total Annual Burden                                                                              displays a valid OMB control number.
                                                    Hours: 125,000.                                         reduce paperwork and respondent
                                                                                                            burden, invites the general public and                Books or records relating to a collection
                                                       The following paragraph applies to all                                                                     of information must be retained as long
                                                    of the collections of information covered               other Federal agencies to take this
                                                                                                            opportunity to comment on information                 as their contents may become material
                                                    by this notice:                                                                                               in the administration of any internal
                                                       An agency may not conduct or                         collections, as required by the
                                                                                                            Paperwork Reduction Act of 1995. The                  revenue law. Generally, tax returns and
                                                    sponsor, and a person is not required to                                                                      tax return information are confidential,
                                                    respond to, a collection of information                 IRS is soliciting comments concerning
                                                                                                            Form 843, Claim for Refund and                        as required by 26 U.S.C. 6103.
                                                    unless the collection of information                                                                             Request for Comments: Comments
                                                    displays a valid OMB control number.                    Request for Abatement.
                                                                                                                                                                  submitted in response to this notice will
                                                       Books or records relating to a                       DATES: Written comments should be
                                                                                                                                                                  be summarized and/or included in the
                                                    collection of information must be                       received on or before November 28,
                                                                                                                                                                  request for OMB approval. All
                                                    retained as long as their contents may                  2017 to be assured of consideration.
                                                                                                                                                                  comments will become a matter of
                                                    become material in the administration                   ADDRESSES: Direct all written comments                public record. Comments are invited on:
                                                    of any internal revenue law. Generally,                 to L. Brimmer, Internal Revenue                       (a) Whether the collection of
                                                    tax returns and tax return information                  Service, Room 6526, 1111 Constitution                 information is necessary for the proper
                                                    are confidential, as required by 26                     Avenue NW., Washington, DC 20224.                     performance of the functions of the
                                                    U.S.C. 6103.                                            Requests for additional information or                agency, including whether the
                                                       Request for Comments: Comments                       copies of the form and instructions                   information shall have practical utility;
                                                    submitted in response to this notice will               should be directed to Martha R. Brinson,              (b) the accuracy of the agency’s estimate
                                                    be summarized and/or included in the                    Internal Revenue Service, Room 6526,                  of the burden of the collection of
                                                    request for OMB approval. All                           1111 Constitution Avenue NW.,                         information; (c) ways to enhance the
                                                    comments will become a matter of                        Washington, DC 20224, or through the                  quality, utility, and clarity of the
                                                    public record. Comments are invited on:                 Internet at Martha.R.Brinson@irs.gov.                 information to be collected; (d) ways to
                                                    (a) Whether the collection of                           SUPPLEMENTARY INFORMATION:                            minimize the burden of the collection of
                                                    information is necessary for the proper                   Title: Claim for Refund and Request                 information on respondents, including
                                                    performance of the functions of the                     for Abatement.                                        through the use of automated collection
                                                    agency, including whether the                             OMB Number: 1545–0024.                              techniques or other forms of information
                                                    information shall have practical utility;                 Form Number: 843.                                   technology; and (e) estimates of capital
                                                    (b) the accuracy of the agency’s estimate                 Abstract: Internal Revenue Code                     or start-up costs and costs of operation,
                                                    of the burden of the collection of                      section 6402, 6404, and sections                      maintenance, and purchase of services
                                                    information; (c) ways to enhance the                    301.6402–2, 301.6404–1, and 301.6404–                 to provide information.
                                                    quality, utility, and clarity of the                    3 of the regulations allow for refunds of
                                                    information to be collected; (d) ways to                                                                        Approved: September 21, 2017.
                                                                                                            taxes (except income taxes) or refund,
                                                    minimize the burden of the collection of                abatement, or credit of interest,                     L. Brimmer,
                                                    information on respondents, including                   penalties, and additions to tax in the                Senior Tax Analyst.
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                                                    through the use of automated collection                 event of errors or certain actions by the             [FR Doc. 2017–20873 Filed 9–28–17; 8:45 am]
                                                    techniques or other forms of information                IRS. Form 843 is used by taxpayers to                 BILLING CODE 4830–01–P




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Document Created: 2017-09-29 03:26:40
Document Modified: 2017-09-29 03:26:40
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 November 28, 2017 to be assured of consideration.
FR Citation82 FR 45676 

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