82 FR 48316 - Proposed Extension of Information Collection Request Submitted for Public Comment; Methods To Determine Taxable Income in Connection With a Cost Sharing Arrangement

DEPARTMENT OF THE TREASURY
Internal Revenue Service

Federal Register Volume 82, Issue 199 (October 17, 2017)

Page Range		48316-48317
FR Document		2017-22406

The Internal Revenue Service, as part of its continuing effort to reduce paperwork and respondent burden, invites the 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 the methods to determine taxable income in connection with a cost sharing arrangement, IRC section 482.

Federal Register, Volume 82 Issue 199 (Tuesday, October 17, 2017)

[Federal Register Volume 82, Number 199 (Tuesday, October 17, 2017)]
[Notices]
[Pages 48316-48317]
From the Federal Register Online  [www.thefederalregister.org]
[FR Doc No: 2017-22406]


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DEPARTMENT OF THE TREASURY

Internal Revenue Service


Proposed Extension of Information Collection Request Submitted 
for Public Comment; Methods To Determine Taxable Income in Connection 
With a Cost Sharing Arrangement

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 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 the methods to determine taxable income in connection with a 
cost sharing arrangement, IRC section 482.

DATES: Written comments should be received on or before December 18, 
2017 to be assured of consideration.

ADDRESSES: Direct all written comments to Tuawana Pinkston, Internal 
Revenue Service, Room 6141, 1111 Constitution Avenue NW., Washington, 
DC 20224. Requests for additional information or copies of the 
regulations should be directed to R. Joseph Durbala, at Internal 
Revenue Service, Room 6129, 1111 Constitution Avenue NW., Washington DC 
20224, or through the internet, at [email protected].

SUPPLEMENTARY INFORMATION: 
    Title: Methods to Determine Taxable Income in connection with a 
Cost Sharing Arrangement--IRC section 482.
    OMB Number: 1545-1364.
    Regulation Project Number: TD 9568.
    Abstract: This document contains final regulations regarding 
methods to determine taxable income in connection with a cost sharing 
arrangement under section 482 of the Internal Revenue Code (Code). The 
final regulations address issues that have arisen in administering the 
current cost sharing regulations. The final regulations affect domestic 
and foreign entities that enter into cost sharing arrangements 
described in the final regulations.
    Current Actions: There is no change to the burden previously 
approved.
    Type of Review: Extension of a currently approved collection.
    Affected Public: Business or other for-profit organizations.
    Estimated Number of Respondents: 500.
    Estimated Time per Respondent: 18 hrs., 42 min.
    Estimated Total Annual Burden Hours: 9,350.
    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 if their contents may become material in the administration of 
any internal revenue law. Generally, tax

[[Page 48317]]

returns and tax return information are confidential, as required by 26 
U.S.C. 6103.
    Desired Focus of Comments: The Internal Revenue Service (IRS) is 
particularly interested in comments that:
     Evaluate whether the proposed collection of information is 
necessary for the proper performance of the functions of the agency, 
including whether the information will have practical utility;
     Evaluate the accuracy of the agency's estimate of the 
burden of the proposed collection of information, including the 
validity of the methodology and assumptions used;
     Enhance the quality, utility, and clarity of the 
information to be collected; and
     Minimize the burden of the collection of information on 
those who are to respond, including using appropriate automated, 
electronic, mechanical, or other technological collection techniques or 
other forms of information technology, e.g., by permitting electronic 
submissions of responses.
    Comments submitted in response to this notice will be summarized 
and/or included in the ICR for OMB approval of the extension of the 
information collection; they will also become a matter of public 
record.

    Approved: October 10, 2017.
R. Joseph Durbala,
IRS Tax Analyst.
[FR Doc. 2017-22406 Filed 10-16-17; 8:45 am]
 BILLING CODE 4830-01-P

48316 Federal Register / Vol. 82, No. 199 / Tuesday, October 17, 2017 / Notices

of qualified intellectual property may DEPARTMENT OF THE TREASURY paperwork and respondent burden,
notify the donee that the donor intends invites the public and other Federal
to treat the contribution as a qualified Internal Revenue Service agencies to take this opportunity to
donation under section 170(m). Donors comment on proposed and/or
of qualified intellectual property will Open Meeting of the Taxpayer continuing information collections, as
use the required notification as evidence Advocacy Panel Joint Committee. required by the Paperwork Reduction
that they have satisfied the section AGENCY: Internal Revenue Service (IRS) Act of 1995. Currently, the IRS is
170(m) notification requirement. Treasury. soliciting comments concerning the
Current Actions: There are no changes methods to determine taxable income in
ACTION: Notice of meeting.
being made to the notice at this time. connection with a cost sharing
Type of Review: Extension of SUMMARY: An open meeting of the arrangement, IRC section 482.
currently approved collection. Taxpayer Advocacy Panel Joint DATES: Written comments should be
Affected Public: Business or other for- Committee will be conducted. The received on or before December 18, 2017
profit organizations. Taxpayer Advocacy Panel is soliciting to be assured of consideration.
Estimated Number of Respondents:
public comments, ideas, and ADDRESSES: Direct all written comments
30.
suggestions on improving customer to Tuawana Pinkston, Internal Revenue
Estimated Average Time per
service at the Internal Revenue Service. Service, Room 6141, 1111 Constitution
Respondent: 1 hour.
Estimated Total Annual Burden DATES: The meeting will be held Friday, Avenue NW., Washington, DC 20224.
Hours: 30. November 17, 2017. Requests for additional information or
10. Title: Transfers by Domestic FOR FURTHER INFORMATION CONTACT: copies of the regulations should be
Corporations That Are Subject to Gretchen Swayzer at 1–888–912–1227 directed to R. Joseph Durbala, at Internal
Section 367(a)(5); Distributions by or 469–801–0769. Revenue Service, Room 6129, 1111
Domestic Corporations That Are Subject SUPPLEMENTARY INFORMATION: Notice is Constitution Avenue NW., Washington
to Section 1248(f). hereby given pursuant to Section DC 20224, or through the internet, at
OMB Number: 1545–2183. 10(a)(2) of the Federal Advisory RJoseph.Durbala@irs.gov.
Regulation Project Number: TD 9614 Committee Act, 5 U.S.C. App. (1988) SUPPLEMENTARY INFORMATION:
and TD 9615. that an open meeting of the Taxpayer Title: Methods to Determine Taxable
Abstract: Section 367(a)(5) now Income in connection with a Cost
Advocacy Panel Joint Committee will be
provides that a transfer of assets to a Sharing Arrangement—IRC section 482.
held Friday, November 17, 2017, at
foreign corporation in an exchange OMB Number: 1545–1364.
11:00 a.m. Eastern Time via
described in section 361 is subject to Regulation Project Number: TD 9568.
teleconference. The public is invited to
section 367(a)(1), unless certain Abstract: This document contains
make oral comments or submit written
ownership requirements and other final regulations regarding methods to
statements for consideration. For more
conditions are met. The regulations determine taxable income in connection
information please contact: Gretchen
provide guidance regarding the with a cost sharing arrangement under
Swayzer at 1–888–912–1227 or 469–
application of this section. section 482 of the Internal Revenue
801–0769, TAP Office, 4050 Alpha Rd.,
Current Actions: TD 9615 went final Code (Code). The final regulations
Farmers Branch, TX 75244, or contact
as TD 9760. address issues that have arisen in
Type of Review: Revision of a us at the Web site: http://
www.improveirs.org. administering the current cost sharing
currently approved collection. regulations. The final regulations affect
Affected Public: Business or other for- The agenda will include various
committee issues for submission to the domestic and foreign entities that enter
profit organizations. into cost sharing arrangements
Estimated Number of Respondents: IRS and other TAP related topics. The
public input is welcomed. described in the final regulations.
305.
Estimated Time per Respondent: Current Actions: There is no change to
Dated: October 11, 2017.
10.69 hours. the burden previously approved.
Antoinette Ross, Type of Review: Extension of a
Estimated Total Annual Burden Acting Director, Taxpayer Advocacy Panel.
Hours: 3260. currently approved collection.
The following paragraph applies to all [FR Doc. 2017–22403 Filed 10–16–17; 8:45 am] Affected Public: Business or other for-
of the collections of information covered BILLING CODE 4830–01–P profit organizations.
by this notice: Estimated Number of Respondents:
An agency may not conduct or 500.
sponsor, and a person is not required to DEPARTMENT OF THE TREASURY Estimated Time per Respondent: 18
respond to, a collection of information hrs., 42 min.
Internal Revenue Service Estimated Total Annual Burden
unless the collection of information
displays a valid OMB control number. Hours: 9,350.
Proposed Extension of Information
Books or records relating to a collection The following paragraph applies to all
Collection Request Submitted for
of information must be retained as long the collections of information covered
Public Comment; Methods To
as their contents may become material by this notice:
Determine Taxable Income in
in the administration of any internal An agency may not conduct or
Connection With a Cost Sharing
revenue law. Generally, tax returns and sponsor, and a person is not required to
Arrangement
respond to, a collection of information
sradovich on DSK3GMQ082PROD with NOTICES

tax return information are confidential,
as required by 26 U.S.C. 6103. AGENCY: Internal Revenue Service (IRS), unless the collection of information
Treasury. displays a valid OMB control number.
Approved: October 10, 2017. Books or records relating to a
ACTION: Notice and request for
L. Brimmer, collection of information must be
comments.
Senior Tax Analyst. retained if their contents may become
[FR Doc. 2017–22404 Filed 10–16–17; 8:45 am] SUMMARY: The Internal Revenue Service, material in the administration of any
BILLING CODE 4830–01–P as part of its continuing effort to reduce internal revenue law. Generally, tax

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Federal Register / Vol. 82, No. 199 / Tuesday, October 17, 2017 / Notices 48317

returns and tax return information are process for determination of employee • Evaluate the accuracy of the
confidential, as required by 26 U.S.C. stock ownership plans. agency’s estimate of the burden of the
6103. DATES: Written comments should be proposed collection of information,
Desired Focus of Comments: The received on or before December 18, 2017 including the validity of the
Internal Revenue Service (IRS) is to be assured of consideration. methodology and assumptions used;
particularly interested in comments ADDRESSES: Direct all written comments
• Enhance the quality, utility, and
that: to Tuawana Pinkston, Internal Revenue clarity of the information to be
• Evaluate whether the proposed collected; and
Service, Room 6141, 1111 Constitution
collection of information is necessary
Avenue NW., Washington, DC 20224. • Minimize the burden of the
for the proper performance of the collection of information on those who
Requests for additional information or
functions of the agency, including are to respond, including using
copies of the regulations should be
whether the information will have appropriate automated, electronic,
directed to R. Joseph Durbala, at Internal
practical utility; mechanical, or other technological
Revenue Service, Room 6129, 1111
• Evaluate the accuracy of the collection techniques or other forms of
Constitution Avenue NW., Washington,
agency’s estimate of the burden of the information technology, e.g., by
DC 20224, or through the internet, at
proposed collection of information, permitting electronic submissions of
RJoseph.Durbala@irs.gov.
including the validity of the responses.
methodology and assumptions used; SUPPLEMENTARY INFORMATION:
Comments submitted in response to
• Enhance the quality, utility, and Title: Application for Determination this notice will be summarized and/or
clarity of the information to be of Employee Stock Ownership Plan. included in the ICR for OMB approval
collected; and OMB Number: 1545–0284. of the extension of the information
• Minimize the burden of the Regulation Project Number: Form
collection; they will also become a
collection of information on those who 5309.
matter of public record.
are to respond, including using Abstract: Internal Revenue Code
section 404(a) allows employers an Approved: October 10, 2017.
appropriate automated, electronic,
income tax deduction for contributions R. Joseph Durbala,
mechanical, or other technological
collection techniques or other forms of to their qualified deferred compensation IRS Tax Analyst.
information technology, e.g., by plans. Form 5309 is used to request an [FR Doc. 2017–22437 Filed 10–16–17; 8:45 am]
permitting electronic submissions of IRS determination letter about whether BILLING CODE 4830–01–P
responses. the plan is qualified under Code section
Comments submitted in response to 409 or 4975(e)(7).
this notice will be summarized and/or Current Actions: There is no change to DEPARTMENT OF THE TREASURY
included in the ICR for OMB approval the burden previously approved.
of the extension of the information Type of Review: Extension of a Internal Revenue Service
collection; they will also become a currently approved collection.
Affected Public: Business or other for- Proposed Collection; Comment
matter of public record. Request for Regulation Project
profit organizations.
Approved: October 10, 2017. Estimated Number of Respondents: AGENCY: Internal Revenue Service (IRS),
R. Joseph Durbala, 2,500. Treasury.
IRS Tax Analyst. Estimated Time per Respondent: 10
ACTION: Notice and request for
[FR Doc. 2017–22406 Filed 10–16–17; 8:45 am] hours, 47 minutes.
comments.
BILLING CODE 4830–01–P Estimated Total Annual Burden
Hours: 26,975. SUMMARY: The Internal Revenue Service,
The following paragraph applies to all as part of its continuing effort to reduce
DEPARTMENT OF THE TREASURY the collections of information covered paperwork and respondent burden,
by this notice: invites the general public and other
Internal Revenue Service An agency may not conduct or Federal agencies to take this
sponsor, and a person is not required to opportunity to comment on continuing
Proposed Extension of Information respond to, a collection of information
Collection Request Submitted for information collections, as required by
unless the collection of information the Paperwork Reduction Act of 1995.
Public Comment; Application for displays a valid OMB control number.
Determination of Employee Stock The IRS is soliciting comments
Books or records relating to a concerning the monthly tax return for
Ownership Plan collection of information must be wagers.
AGENCY: Internal Revenue Service (IRS), retained if their contents may become
material in the administration of any DATES: Written comments should be
Treasury.
internal revenue law. Generally, tax received on or before December 18, 2017
ACTION: Notice and request for to be assured of consideration.
comments. returns and tax return information are
confidential, as required by 26 U.S.C. ADDRESSES: Direct all written comments
SUMMARY: The Internal Revenue Service, 6103. to L. Brimmer, Internal Revenue
as part of its continuing effort to reduce Desired Focus of Comments: The Service, Room 6529, 1111 Constitution
paperwork and respondent burden, Internal Revenue Service (IRS) is Avenue NW., Washington, DC 20224.
invites the general public and other particularly interested in comments Requests for additional information or
sradovich on DSK3GMQ082PROD with NOTICES

Federal agencies to take this that: copies of the form should be directed to
opportunity to comment on proposed • Evaluate whether the proposed Kerry Dennis, Internal Revenue Service,
and/or continuing information collection of information is necessary Room 6529, 1111 Constitution Avenue
collections, as required by the for the proper performance of the NW., Washington, DC 20224, or through
Paperwork Reduction Act of 1995. functions of the agency, including the internet, at Kerry.Dennis@irs.gov.
Currently, the IRS is soliciting whether the information will have SUPPLEMENTARY INFORMATION:
comments concerning the application practical utility; Title: Monthly Tax Return for Wagers.

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Document Created: 2017-10-17 01:11:43
Document Modified: 2017-10-17 01:11:43

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 18, 2017 to be assured of consideration.
FR Citation		82 FR 48316

82 FR 48316 - Proposed Extension of Information Collection Request Submitted for Public Comment; Methods To Determine Taxable Income in Connection With a Cost Sharing Arrangement

DEPARTMENT OF THE TREASURYInternal Revenue Service

Federal Register Volume 82, Issue 199 (October 17, 2017)

DEPARTMENT OF THE TREASURY
Internal Revenue Service