82 FR 45949 - Proposed Collection; Comment Request for Revenue Procedure 2003-84

DEPARTMENT OF THE TREASURY
Internal Revenue Service

Federal Register Volume 82, Issue 189 (October 2, 2017)

Page Range		45949-45949
FR Document		2017-21152

The Internal Revenue Service (IRS), 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 Revenue Procedure 2003-84, Optional election to make monthly 706(a) computations.

Federal Register, Volume 82 Issue 189 (Monday, October 2, 2017)

[Federal Register Volume 82, Number 189 (Monday, October 2, 2017)]
[Notices]
[Page 45949]
From the Federal Register Online  [www.thefederalregister.org]
[FR Doc No: 2017-21152]


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DEPARTMENT OF THE TREASURY

Internal Revenue Service


Proposed Collection; Comment Request for Revenue Procedure 2003-
84

AGENCY: Internal Revenue Service (IRS), Treasury.

ACTION: Notice of information collection; request for comments.

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SUMMARY: The Internal Revenue Service (IRS), 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 Revenue Procedure 2003-84, Optional election to make monthly 
706(a) computations.

DATES: Written comments should be received on or before December 1, 
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 Taquesha Cain, Room 6526, 1111 Constitution 
Avenue NW., Washington, DC 20224, or through the internet at 
[email protected].

SUPPLEMENTARY INFORMATION: 
    Title: Optional election to make monthly 706(a) computations.
    OMB Number: 1545-1768.
    Revenue Procedure Number: Revenue Procedure 2003-84.
    Abstract: This procedure allows certain partnerships that invest in 
tax-exempt obligations to make an election that enables the partners to 
take into account monthly the inclusions required under sections 702 
and 707(c) of the Code and provides rules for partnership income tax 
reporting under section 6031 for such partnerships. Rev. Proc. 2002-68 
modified and superseded.
    Current Actions: There are no changes being made to the revenue 
procedure at this time.
    Type of Review: Extension of a currently approved collection.
    Affected Public: Business or other for-profit organizations.
    Estimated Number of Respondents: 1,000.
    Estimated Time per Respondent: 30 minutes.
    Estimated Total Annual Burden Hours: 500.
    The following paragraph applies to all 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 26, 2017.
L. Brimmer,
Senior Tax Analyst.
[FR Doc. 2017-21152 Filed 9-29-17; 8:45 am]
 BILLING CODE 4830-01-P

Federal Register / Vol. 82, No. 189 / Monday, October 2, 2017 / Notices 45949

collection of information on section 6031 for such partnerships. Rev. DEPARTMENT OF THE TREASURY
respondents, including through the use Proc. 2002–68 modified and
of automated collection techniques or superseded. Internal Revenue Service
other forms of information technology; Current Actions: There are no changes
and (e) estimates of capital or start-up Proposed Collection; Comment
being made to the revenue procedure at Request for Regulation Project
costs and costs of operation,
this time.
maintenance, and purchase of services AGENCY: Internal Revenue Service (IRS),
to provide information. Type of Review: Extension of a
Treasury.
currently approved collection.
Approved: September 26, 2017. ACTION: Notice and request for
L. Brimmer, Affected Public: Business or other for- comments.
Senior Tax Analyst. profit organizations.
[FR Doc. 2017–21153 Filed 9–29–17; 8:45 am] Estimated Number of Respondents: SUMMARY: The Internal Revenue Service,
BILLING CODE 4830–01–P 1,000. as part of its continuing effort to reduce
paperwork and respondent burden,
Estimated Time per Respondent: 30 invites the general public and other
minutes. Federal agencies to take this
DEPARTMENT OF THE TREASURY
Estimated Total Annual Burden opportunity to comment on proposed
Internal Revenue Service Hours: 500. and/or continuing information
The following paragraph applies to all collections, as required by the
Proposed Collection; Comment Paperwork Reduction Act of 1995. The
the collections of information covered
Request for Revenue Procedure 2003– IRS is soliciting comments concerning
84 by this notice:
carryover of passive activity losses and
An agency may not conduct or credits and at-risk losses to bankruptcy
AGENCY: Internal Revenue Service (IRS), sponsor, and a person is not required to
Treasury. estates of individuals.
respond to, a collection of information
ACTION: Notice of information collection; DATES: Written comments should be
unless the collection of information received on or before December 1, 2017
request for comments. displays a valid OMB control number. to be assured of consideration.
SUMMARY: The Internal Revenue Service Books or records relating to a ADDRESSES: Direct all written comments
(IRS), as part of its continuing effort to collection of information must be to L. Brimmer, Internal Revenue
reduce paperwork and respondent retained as long as their contents may Service, Room 6526, 1111 Constitution
burden, invites the general public and become material in the administration Avenue NW., Washington, DC 20224.
other Federal agencies to take this of any internal revenue law. Generally, Requests for additional information or
opportunity to comment on proposed tax returns and tax return information copies of this regulation should be
and/or continuing information are confidential, as required by 26 directed to Sara Covington, at Internal
collections, as required by the U.S.C. 6103. Revenue Service, Room 6526, 1111
Paperwork Reduction Act of 1995. The Constitution Ave., NW., Washington,
Request for Comments: Comments
IRS is soliciting comments concerning DC 20224, or through the internet at
Revenue Procedure 2003–84, Optional submitted in response to this notice will
be summarized and/or included in the Sara.L.Covington@irs.gov.
election to make monthly 706(a) SUPPLEMENTARY INFORMATION:
computations. request for OMB approval. All
comments will become a matter of Title: Carryover of Passive Activity
DATES: Written comments should be public record. Losses and Credits and At Risk Losses
received on or before December 1, 2017 to Bankruptcy Estates for Individuals.
to be assured of consideration. Comments are invited on: (a) Whether OMB Number: 1545–1375.
the collection of information is Regulation Project Number: T.D. 8537.
ADDRESSES: Direct all written comments
to L. Brimmer, Internal Revenue necessary for the proper performance of Abstract: These regulations relate to
Service, Room 6526, 1111 Constitution the functions of the agency, including the application of carryover of passive
Avenue NW., Washington, DC 20224. whether the information shall have activity losses and credits and at risk
Requests for additional information or practical utility; (b) the accuracy of the losses to the bankruptcy estates of
copies of the regulation should be agency’s estimate of the burden of the individuals. The final regulations affect
directed to Taquesha Cain, Room 6526, collection of information; (c) ways to individual taxpayers who file
1111 Constitution Avenue NW., enhance the quality, utility, and clarity bankruptcy petitions under chapter 7 or
Washington, DC 20224, or through the of the information to be collected; (d) chapter 11 of title 11 of the United
internet at Taquesha.R.Cain@irs.gov. ways to minimize the burden of the States Code and have passive activity
SUPPLEMENTARY INFORMATION: collection of information on losses and credits under section 469 or
Title: Optional election to make respondents, including through the use losses under section 465.
monthly 706(a) computations. of automated collection techniques or Current Actions: There are no changes
OMB Number: 1545–1768. other forms of information technology; being made to this existing regulation.
Revenue Procedure Number: Revenue and (e) estimates of capital or start-up Type of Review: Extension of a
Procedure 2003–84. costs and costs of operation, currently approved collection.
Abstract: This procedure allows maintenance, and purchase of services Affected Public: Individuals or
sradovich on DSK3GMQ082PROD with NOTICES

certain partnerships that invest in tax- to provide information. households.
exempt obligations to make an election Approved: September 26, 2017.
Estimated Number of Respondents:
that enables the partners to take into 500.
L. Brimmer,
account monthly the inclusions Estimated Time per Respondent: 12
required under sections 702 and 707(c) Senior Tax Analyst. Minutes.
of the Code and provides rules for [FR Doc. 2017–21152 Filed 9–29–17; 8:45 am] Estimated Total Annual Burden
partnership income tax reporting under BILLING CODE 4830–01–P Hours: 100.

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Document Created: 2017-09-30 04:41:30
Document Modified: 2017-09-30 04:41:30

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 of information collection; request for comments.
Dates		Written comments should be received on or before December 1, 2017 to be assured of consideration.
FR Citation		82 FR 45949

82 FR 45949 - Proposed Collection; Comment Request for Revenue Procedure 2003-84

DEPARTMENT OF THE TREASURYInternal Revenue Service

Federal Register Volume 82, Issue 189 (October 2, 2017)

DEPARTMENT OF THE TREASURY
Internal Revenue Service