82 FR 47606 - Proposed Collection; Comment Request for Regulation Project

DEPARTMENT OF THE TREASURY
Internal Revenue Service

Federal Register Volume 82, Issue 196 (October 12, 2017)

Page Range		47606-47607
FR Document		2017-22087

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. Currently, the IRS is soliciting comments concerning adjustments to basis of stock and indebtedness to shareholders of S corporations and treatment of distributions by S corporations to shareholders.

Federal Register, Volume 82 Issue 196 (Thursday, October 12, 2017)

[Federal Register Volume 82, Number 196 (Thursday, October 12, 2017)]
[Notices]
[Pages 47606-47607]
From the Federal Register Online  [www.thefederalregister.org]
[FR Doc No: 2017-22087]


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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 
proposed and/or continuing information collections, as required by the 
Paperwork Reduction Act of 1995. Currently, the IRS is soliciting 
comments concerning adjustments to basis of stock and indebtedness to 
shareholders of S corporations and treatment of distributions by S 
corporations to shareholders.

DATES: Written comments should be received on or before December 11, 
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 L. Brimmer at Internal Revenue Service, Room 
6526, 1111 Constitution Avenue NW., Washington, DC 20224, or or through 
the internet at [email protected].

SUPPLEMENTARY INFORMATION:
    Title: Adjustments to Basis of Stock and Indebtedness to 
Shareholders of S Corporations and Treatment of Distributions by S 
Corporations to Shareholders.
    OMB Number: 1545-1139.
    Regulation Project Number: TD 8852.
    Abstract: This document contains final regulations relating to the 
passthrough of items of an S corporation to its shareholders, the 
adjustments to the basis of stock of the shareholders, and the 
treatment of distributions by an S corporation. Changes to the 
applicable law were made by the Subchapter S Revision Act of 1982, the 
Tax Reform Act of 1984, the Tax Reform Act of 1986, the Technical and 
Miscellaneous Revenue Act of 1988, and the Small Business Job 
Protection Act of 1996. These regulations provide the public with 
guidance needed to comply with the applicable law and will affect S 
corporations and their shareholders.
    Current Actions: There is no change to this existing regulation.

[[Page 47607]]

    Type of Review: Extension of currently approved collection.
    Affected Public: Business or other for-profit organizations and 
individuals.
    Estimated Number of Responses: 2,250.
    Estimated Time per Respondent: 12 minutes.
    Estimated Total Annual Burden Hours: 450.
    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: October 4, 2017.
L. Brimmer,
Senior Tax Analyst.
[FR Doc. 2017-22087 Filed 10-11-17; 8:45 am]
 BILLING CODE 4830-01-P

Federal Register / Vol. 82, No. 196 / Thursday, October 12, 2017 / Notices 47607

Type of Review: Extension of Notice and request for
ACTION: The following paragraph applies to all
currently approved collection. comments. of the collections of information covered
Affected Public: Business or other for- by this notice:
profit organizations and individuals. SUMMARY: The Internal Revenue Service, An agency may not conduct or
Estimated Number of Responses: as part of its continuing effort to reduce sponsor, and a person is not required to
2,250. paperwork and respondent burden, respond to, a collection of information
Estimated Time per Respondent: 12 invites the general public and other unless the collection of information
minutes. Federal agencies to take this displays a valid OMB control number.
Estimated Total Annual Burden opportunity to comment on proposed Books or records relating to a
Hours: 450. and/or continuing information collection of information must be
The following paragraph applies to all collections, as required by the retained as long as their contents may
of the collections of information covered Paperwork Reduction Act of 1995. become material in the administration
by this notice: Currently, the IRS is soliciting of any internal revenue law. Generally,
An agency may not conduct or comments concerning the Interim Final tax returns and tax return information
sponsor, and a person is not required to Rules, Affordable Care Act Internal are confidential, as required by 26
respond to, a collection of information Claims and Appeals and External U.S.C. 6103.
unless the collection of information review Disclosures. Request for Comments: Comments
displays a valid OMB control number. DATES: Written comments should be submitted in response to this notice will
Books or records relating to a received on or before December 11, 2017 be summarized and/or included in the
collection of information must be to be assured of consideration. request for OMB approval. All
retained as long as their contents may ADDRESSES: Direct all written comments comments will become a matter of
become material in the administration to L. Brimmer, Internal Revenue public record. Comments are invited on:
of any internal revenue law. Generally, Service, Room 6526, 1111 Constitution (a) Whether the collection of
tax returns and tax return information Avenue NW., Washington, DC 20224. information is necessary for the proper
are confidential, as required by 26 Requests for additional information or performance of the functions of the
U.S.C. 6103. copies of the regulations should be agency, including whether the
Request for Comments: Comments information shall have practical utility;
directed to LaNita Van Dyke,or at
submitted in response to this notice will (b) the accuracy of the agency’s estimate
Internal Revenue Service, Room 6526,
be summarized and/or included in the of the burden of the collection of
1111 Constitution Avenue NW.,
request for OMB approval. All information; (c) ways to enhance the
Washington DC 20224, or through the
comments will become a matter of quality, utility, and clarity of the
internet, at Lanita.VanDyke@irs.gov.
public record. Comments are invited on: 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: Affordable Care Act Internal
information on respondents, including
performance of the functions of the Claims and Appeals and External
through the use of automated collection
agency, including whether the Review Disclosures.
techniques or other forms of information
information shall have practical utility; OMB Number: 1545–2182.
technology; and (e) estimates of capital
(b) the accuracy of the agency’s estimate Regulation Project Number: REG–
or start-up costs and costs of operation,
of the burden of the collection of 125592–10 (TD 9494).
maintenance, and purchase of services
information; (c) ways to enhance the Abstract: Section 2719 of the Public
to provide information.
quality, utility, and clarity of the Health Service Act, incorporated into
Code section 9815 by section 1563(f) of Approved: October 4, 2017.
information to be collected; (d) ways to
the Patient Protection and Affordable L. Brimmer,
minimize the burden of the collection of
information on respondents, including Care Act, Public Law 111–148, requires Senior Tax Analyst.
through the use of automated collection group health plans and issuers of group [FR Doc. 2017–22089 Filed 10–11–17; 8:45 am]
techniques or other forms of information health insurance coverage, in BILLING CODE 4830–01–P
technology; and (e) estimates of capital connection with internal appeals of
or start-up costs and costs of operation, claims denials, to provide claimants free
maintenance, and purchase of services of charge with any evidence relied upon DEPARTMENT OF THE TREASURY
to provide information. in deciding the appeal that was not
relied on in making the initial denial of Internal Revenue Service
Approved: October 4, 2017. the claim. This is a third party
L. Brimmer, disclosure requirement. Individuals Proposed Collection; Comment
Senior Tax Analyst. appealing a denial of a claim should be Request for Regulation Project
[FR Doc. 2017–22087 Filed 10–11–17; 8:45 am] able to respond to any new evidence the AGENCY: Internal Revenue Service (IRS),
BILLING CODE 4830–01–P plan or issuer relies on in the appeal, Treasury.
and this disclosure requirement is ACTION: Notice and request for
essential so that the claimant knows of comments.
DEPARTMENT OF THE TREASURY the new evidence.
Current Actions: There is no change to SUMMARY: The Internal Revenue Service,
Internal Revenue Service
asabaliauskas on DSKBBXCHB2PROD with NOTICES

this existing regulation. as part of its continuing effort to reduce
[REG–125592–10] Type of Review: Extension of a paperwork and respondent burden,
currently approved collection. invites the general public and other
RIN 1545–BJ63 Affected Public: Business or other for- Federal agencies to take this
Proposed Collection; Comment profit organizations. opportunity to comment on proposed
Request for Regulation Project Estimated Number of Respondents: and/or continuing information
62,000. collections, as required by the
AGENCY: Internal Revenue Service (IRS), Estimated Total Annual Burden Paperwork Reduction Act of 1995.
Treasury. Hours: 350 Hours. Currently, the IRS is soliciting

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Document Created: 2018-10-25 10:03:34
Document Modified: 2018-10-25 10:03:34

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 December 11, 2017 to be assured of consideration.
FR Citation		82 FR 47606

82 FR 47606 - Proposed Collection; Comment Request for Regulation Project

DEPARTMENT OF THE TREASURYInternal Revenue Service

Federal Register Volume 82, Issue 196 (October 12, 2017)

DEPARTMENT OF THE TREASURY
Internal Revenue Service