82 FR 48899 - Proposed Extension of Information Collection Request Submitted for Public Comment; Material Advisors of Reportable Transactions, Lists of Advisees

DEPARTMENT OF THE TREASURY
Internal Revenue Service

Federal Register Volume 82, Issue 202 (October 20, 2017)

Page Range		48899-48900
FR Document		2017-22784

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 requirements relating to lists of advisees kept by material advisors of reportable transactions.

Federal Register, Volume 82 Issue 202 (Friday, October 20, 2017)

[Federal Register Volume 82, Number 202 (Friday, October 20, 2017)]
[Notices]
[Pages 48899-48900]
From the Federal Register Online  [www.thefederalregister.org]
[FR Doc No: 2017-22784]


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DEPARTMENT OF THE TREASURY

Internal Revenue Service


Proposed Extension of Information Collection Request Submitted 
for Public Comment; Material Advisors of Reportable Transactions, Lists 
of Advisees

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 requirements relating to lists of advisees kept by 
material advisors of reportable transactions.

DATES: Written comments should be received on or before December 19, 
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: 

[[Page 48900]]

    Title: AJCA Modifications to the Section 6112 Regulations.
    OMB Number: 1545-1686.
    Regulation Project Number: Form 13976.
    Abstract: This document contains final regulations under section 
6112 of the Internal Revenue Code that provide the rules relating to 
the obligation of material advisors to prepare and maintain lists with 
respect to reportable transactions. These regulations affect material 
advisors responsible for keeping lists under section 6112.
    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: 100 hours.
    Estimated Total Annual Burden Hours: 50,000.
    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 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 13, 2017.
R. Joseph Durbala,
IRS Tax Analyst.
[FR Doc. 2017-22784 Filed 10-19-17; 8:45 am]
 BILLING CODE 4830-01-P

Federal Register / Vol. 82, No. 202 / Friday, October 20, 2017 / Notices 48899

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 Service, Room 6141, 1111 Constitution collected; and
collection of information is necessary Avenue NW., Washington, DC 20224. • Minimize the burden of the
for the proper performance of the Requests for additional information or collection of information on those who
functions of the agency, including copies of the regulations should be are to respond, including using
whether the information will have directed to R. Joseph Durbala, at Internal appropriate automated, electronic,
practical utility; Revenue Service, Room 6129, 1111 mechanical, or other technological
• Evaluate the accuracy of the Constitution Avenue NW., Washington, collection techniques or other forms of
agency’s estimate of the burden of the DC 20224, or through the internet, at information technology, e.g., by
proposed collection of information, RJoseph.Durbala@irs.gov. permitting electronic submissions of
including the validity of the SUPPLEMENTARY INFORMATION:
responses.
methodology and assumptions used; Comments submitted in response to
• Enhance the quality, utility, and Title: Employee Representative’s this notice will be summarized and/or
clarity of the information to be Quarterly Railroad Tax Return. included in the ICR for OMB approval
collected; and OMB Number: 1545–0002. of the extension of the information
• Minimize the burden of the Regulation Project Number: CT–2. collection; they will also become a
collection of information on those who Abstract: Employee representatives matter of public record.
are to respond, including using file Form CT–2 quarterly to report
Approved: October 13, 2017.
appropriate automated, electronic, compensation on which railroad
R. Joseph Durbala,
mechanical, or other technological retirement taxes are due. The IRS uses
this information to ensure that IRS Tax Analyst.
collection techniques or other forms of
employee representatives have paid the [FR Doc. 2017–22781 Filed 10–19–17; 8:45 am]
information technology, e.g., by
permitting electronic submissions of correct tax. Form CT–2 also transmits BILLING CODE 4830–01–P

responses. the tax payment.
Comments submitted in response to Current Actions: There is no change to
the burden previously approved. DEPARTMENT OF THE TREASURY
this notice will be summarized and/or
included in the ICR for OMB approval Type of Review: Extension of a Internal Revenue Service
of the extension of the information currently approved collection.
collection; they will also become a Affected Public: Individuals and Proposed Extension of Information
matter of public record. households. Collection Request Submitted for
Approved: October 13, 2017. Estimated Number of Respondents: Public Comment; Material Advisors of
R. Joseph Durbala, 112. Reportable Transactions, Lists of
Estimated Time per Respondent: 1 Advisees
IRS Tax Analyst.
[FR Doc. 2017–22780 Filed 10–19–17; 8:45 am]
Hour 11 minutes. AGENCY: Internal Revenue Service (IRS),
Estimated Total Annual Burden Treasury.
BILLING CODE 4830–01–P
Hours: 132. ACTION: Notice and request for
The following paragraph applies to all comments.
DEPARTMENT OF THE TREASURY the collections of information covered
by this notice:
Internal Revenue Service An agency may not conduct or SUMMARY: The Internal Revenue Service,
sponsor, and a person is not required to as part of its continuing effort to reduce
Proposed Extension of Information respond to, a collection of information paperwork and respondent burden,
Collection Request Submitted for unless the collection of information invites the public and other Federal
Public Comment; Form CT–2, displays a valid OMB control number. agencies to take this opportunity to
Employee Representative’s Quarterly Books or records relating to a comment on proposed and/or
Railroad Tax Return collection of information must be continuing information collections, as
AGENCY: Internal Revenue Service (IRS), retained if their contents may become required by the Paperwork Reduction
Treasury. material in the administration of any Act of 1995. Currently, the IRS is
internal revenue law. Generally, tax soliciting comments concerning the
ACTION: Notice and request for
returns and tax return information are requirements relating to lists of advisees
comments. kept by material advisors of reportable
confidential, as required by 26 U.S.C.
SUMMARY: The Internal Revenue Service, 6103. transactions.
as part of its continuing effort to reduce Desired Focus of Comments: The DATES: Written comments should be
paperwork and respondent burden, Internal Revenue Service (IRS) is received on or before December 19, 2017
invites the public and other Federal particularly interested in comments to be assured of consideration.
agencies to take this opportunity to that: ADDRESSES: Direct all written comments
comment on proposed and/or • Evaluate whether the proposed to Tuawana Pinkston, Internal Revenue
continuing information collections, as collection of information is necessary Service, Room 6141, 1111 Constitution
required by the Paperwork Reduction for the proper performance of the Avenue NW., Washington, DC 20224.
Act of 1995. Currently, the IRS is functions of the agency, including Requests for additional information or
srobinson on DSKBC5CHB2PROD with NOTICES

soliciting comments concerning the whether the information will have copies of the regulations should be
requirements relating to completing practical utility; directed to R. Joseph Durbala, at Internal
Form CT–2, Employee Representative’s • Evaluate the accuracy of the Revenue Service, Room 6129, 1111
Quarterly Railroad Tax Return. agency’s estimate of the burden of the Constitution Avenue NW., Washington
DATES: Written comments should be proposed collection of information, DC 20224, or through the internet, at
received on or before December 19, 2017 including the validity of the RJoseph.Durbala@irs.gov.
to be assured of consideration. methodology and assumptions used; SUPPLEMENTARY INFORMATION:

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48900 Federal Register / Vol. 82, No. 202 / Friday, October 20, 2017 / Notices

Title: AJCA Modifications to the Comments submitted in response to providing information for pay setting
Section 6112 Regulations. this notice will be summarized and/or determinations of potential new
OMB Number: 1545–1686. included in the ICR for OMB approval employees.
Regulation Project Number: Form of the extension of the information Current Actions: There is no change to
13976. collection; they will also become a the burden previously approved.
Abstract: This document contains matter of public record. Type of Review: Extension of a
final regulations under section 6112 of Approved: October 13, 2017. currently approved collection.
the Internal Revenue Code that provide Affected Public: Individuals.
R. Joseph Durbala,
the rules relating to the obligation of Estimated Number of Respondents:
material advisors to prepare and IRS Tax Analyst. 24,813.
maintain lists with respect to reportable [FR Doc. 2017–22784 Filed 10–19–17; 8:45 am] Estimated Time per Respondent: 15
transactions. These regulations affect BILLING CODE 4830–01–P minutes.
material advisors responsible for Estimated Total Annual Burden
keeping lists under section 6112. Hours: 6,203.
Current Actions: There is no change to DEPARTMENT OF THE TREASURY The following paragraph applies to all
the burden previously approved. the collections of information covered
Type of Review: Extension of a Internal Revenue Service by this notice:
currently approved collection. Proposed Extension of Information An agency may not conduct or
Affected Public: Business or other for- Collection Request Submitted for sponsor, and a person is not required to
profit organizations. Public Comment; Form 12854, respond to, a collection of information
Estimated Number of Respondents: unless the collection of information
Government Service Information
500. displays a valid OMB control number.
Estimated Time per Respondent: 100 AGENCY: Internal Revenue Service (IRS), Books or records relating to a
hours. Treasury. collection of information must be
Estimated Total Annual Burden ACTION: Notice and request for retained if their contents may become
Hours: 50,000. comments. material in the administration of any
The following paragraph applies to all internal revenue law. Generally, tax
the collections of information covered SUMMARY: The Internal Revenue Service, returns and tax return information are
by this notice: as part of its continuing effort to reduce confidential, as required by 26 U.S.C.
An agency may not conduct or paperwork and respondent burden, 6103.
sponsor, and a person is not required to invites the public and other Federal Desired Focus of Comments: The
respond to, a collection of information agencies to take this opportunity to Internal Revenue Service (IRS) is
unless the collection of information comment on proposed and/or particularly interested in comments
displays a valid OMB control number. continuing information collections, as that:
Books or records relating to a required by the Paperwork Reduction • Evaluate whether the proposed
collection of information must be Act of 1995. Currently, the IRS is collection of information is necessary
retained if their contents may become soliciting comments concerning the for the proper performance of the
material in the administration of any requirements relating to completing functions of the agency, including
internal revenue law. Generally, tax Form 12854, Government Service whether the information will have
returns and tax return information are Information. practical utility;
confidential, as required by 26 U.S.C.
DATES: Written comments should be • Evaluate the accuracy of the
6103. agency’s estimate of the burden of the
Desired Focus of Comments: The received on or before December 19, 2017
to be assured of consideration. proposed collection of information,
Internal Revenue Service (IRS) is including the validity of the
particularly interested in comments ADDRESSES: Direct all written comments
methodology and assumptions used;
that: to Tuawana Pinkston, Internal Revenue • Enhance the quality, utility, and
• Evaluate whether the proposed Service, Room 6141, 1111 Constitution clarity of the information to be
collection of information is necessary Avenue NW., Washington, DC 20224. collected; and
for the proper performance of the Requests for additional information or • Minimize the burden of the
functions of the agency, including copies of the regulations should be collection of information on those who
whether the information will have directed to R. Joseph Durbala, at Internal are to respond, including using
practical utility; Revenue Service, Room 6129, 1111 appropriate automated, electronic,
• Evaluate the accuracy of the Constitution Avenue NW., Washington, mechanical, or other technological
agency’s estimate of the burden of the DC 20224, or through the internet, at collection techniques or other forms of
proposed collection of information, RJoseph.Durbala@irs.gov. information technology, e.g., by
including the validity of the SUPPLEMENTARY INFORMATION: permitting electronic submissions of
methodology and assumptions used; Title: Government Service responses.
• Enhance the quality, utility, and Information. Comments submitted in response to
clarity of the information to be OMB Number: 1545–1919. this notice will be summarized and/or
collected; and Regulation Project Number: 12854. included in the ICR for OMB approval
• Minimize the burden of the Abstract: Part of the hiring process of the extension of the information
srobinson on DSKBC5CHB2PROD with NOTICES

collection of information on those who requires applicants to provide IRS with collection; they will also become a
are to respond, including using specific information to verify previous matter of public record.
appropriate automated, electronic, employment history. Form 12854,
Government Service Information, Approved: October 13, 2017.
mechanical, or other technological
collection techniques or other forms of requests information from applicants R. Joseph Durbala,
information technology, e.g., by who were previously employed by the IRS Tax Analyst.
permitting electronic submissions of Federal Government. The information [FR Doc. 2017–22783 Filed 10–19–17; 8:45 am]
responses. on the form is needed to assist in BILLING CODE 4830–01–P

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Document Created: 2017-10-20 00:05:59
Document Modified: 2017-10-20 00:05:59

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 19, 2017 to be assured of consideration.
FR Citation		82 FR 48899

82 FR 48899 - Proposed Extension of Information Collection Request Submitted for Public Comment; Material Advisors of Reportable Transactions, Lists of Advisees

DEPARTMENT OF THE TREASURYInternal Revenue Service

Federal Register Volume 82, Issue 202 (October 20, 2017)

DEPARTMENT OF THE TREASURY
Internal Revenue Service