82_FR_58511 82 FR 58275 - Proposed Collection; Comment Request for Regulation Project

82 FR 58275 - Proposed Collection; Comment Request for Regulation Project

DEPARTMENT OF THE TREASURY
Internal Revenue Service

Federal Register Volume 82, Issue 236 (December 11, 2017)

Page Range58275-58276
FR Document2017-26630

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 continuing information collections, as required by the Paperwork Reduction Act of 1995. The IRS is soliciting comments concerning the notification requirement for transfer of partnership interest in electing investment partnership.

Federal Register, Volume 82 Issue 236 (Monday, December 11, 2017) 
[Federal Register Volume 82, Number 236 (Monday, December 11, 2017)]
[Notices]
[Pages 58275-58276]
From the Federal Register Online  [www.thefederalregister.org]
[FR Doc No: 2017-26630]


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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 
continuing information collections, as required by the Paperwork 
Reduction Act of 1995. The IRS is soliciting comments concerning the 
notification requirement for transfer of partnership interest in 
electing investment partnership.

DATES: Written comments should be received on or before February 9, 
2018 to be assured of consideration.

ADDRESSES: Direct all written comments to L. Brimmer, Internal Revenue 
Service, Room 6529, 1111 Constitution Avenue NW., Washington, DC 20224.

FOR FURTHER INFORMATION CONTACT: Requests for additional information or 
copies of the revenue procedure should be directed to Kerry Dennis, at 
(202) 317-5751 or Internal Revenue Service, Room 6529, 1111 
Constitution Avenue NW., Washington DC 20224, or through the internet, 
at [email protected].

SUPPLEMENTARY INFORMATION: 
    Title: Notification Requirement for Transfer of Partnership 
Interest in Electing Investment Partnership (EIP).
    OMB Number: 1545-1939.
    Notice Number: Notice 2005-32.
    Abstract: The American Jobs Creation Act of 2004 amended Sec. Sec.  
734, 743, and 6031 of the Internal Revenue Code. The amendment 
necessitated the creation of new reporting requirements and procedures 
for the mandatory basis adjustment provisions of Sec. Sec.  734 and 
743, the procedures for making an electing investment partnership 
election under Sec.  743(e), and the reporting requirements for 
electing investment partnerships and their partners. This notice 
provides interim procedures for partnerships and partners to comply 
with the mandatory basis adjustment provisions of Sec. Sec.  734 and 
743. This notice also provides interim procedures for electing 
investment partnerships and their partners to comply with Sec. Sec.  
743(e) and 6031(f).
    Current Actions: There are no changes to the notice at this time.
    Type of Review: Extension of a currently approved collection.
    Affected Public: Business or other for-profit organization, 
individuals, or households.
    Estimated Number of Respondents: 266,400.
    Estimated Time per Respondent: 2 hours, 4 minutes.
    Estimated Total Annual Burden Hours: 552,100.
    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.


[[Page 58276]]


    Approved: December 4, 2017.
L. Brimmer,
Senior Tax Analyst.
[FR Doc. 2017-26630 Filed 12-8-17; 8:45 am]
 BILLING CODE 4830-01-P

Federal Register / Vol. 82, No. 236 / Monday, December 11, 2017 / Notices 58275 [FR Doc. 2017–26599 Filed 12–8–17; 8:45 am] Designated pursuant to section 1(d)(i) of procedures for the mandatory basis BILLING CODE 4901–60–P Executive Order 13224 of September 23, adjustment provisions of §§ 734 and 2001, ‘‘Blocking Property and Prohibiting 743, the procedures for making an Transactions With Persons Who Commit, electing investment partnership election Threaten to Commit, or Support Terrorism’’ (E.O. 13224) for assisting in, sponsoring, or under § 743(e), and the reporting DEPARTMENT OF THE TREASURY requirements for electing investment providing financial, material, or technological support for, or financial or partnerships and their partners. This Office of Foreign Assets Control other services to or in support of, ISLAMIC notice provides interim procedures for Notice of OFAC Sanctions Action STATE OF IRAQ AND THE LEVANT, a partnerships and partners to comply person determined to be subject to E.O. with the mandatory basis adjustment AGENCY: Office of Foreign Assets 13224. provisions of §§ 734 and 743. This Control, Treasury. Dated: December 5, 2017. notice also provides interim procedures ACTION: Notice. John E. Smith, for electing investment partnerships and Director, Office of Foreign Assets Control. their partners to comply with §§ 743(e) SUMMARY: The Department of the and 6031(f). [FR Doc. 2017–26542 Filed 12–8–17; 8:45 am] Treasury’s Office of Foreign Assets Current Actions: There are no changes Control (OFAC) is publishing the name BILLING CODE 4810–AL–P to the notice at this time. of one person that has been placed on Type of Review: Extension of a OFAC’s Specially Designated Nationals DEPARTMENT OF THE TREASURY currently approved collection. and Blocked Persons List based on OFAC’s determination that one or more Affected Public: Business or other for- Internal Revenue Service profit organization, individuals, or applicable legal criteria were satisfied. All property and interests in property households. Proposed Collection; Comment subject to U.S. jurisdiction of this Request for Regulation Project Estimated Number of Respondents: person are blocked, and U.S. persons are 266,400. generally prohibited from engaging in AGENCY: Internal Revenue Service (IRS), Estimated Time per Respondent: 2 transactions with them. Treasury. hours, 4 minutes. DATES: See SUPPLEMENTARY INFORMATION ACTION: Notice and request for Estimated Total Annual Burden section. comments. Hours: 552,100. FOR FURTHER INFORMATION CONTACT: The following paragraph applies to all SUMMARY: The Internal Revenue Service, OFAC: Associate Director for Global of the collections of information covered as part of its continuing effort to reduce Targeting, tel.: 202–622–2420; Assistant by this notice. paperwork and respondent burden, Director for Sanctions Compliance & invites the general public and other An agency may not conduct or Evaluation, tel.: 202–622–2490; Federal agencies to take this sponsor, and a person is not required to Assistant Director for Licensing, tel.: opportunity to comment on continuing respond to, a collection of information 202–622–2480; Assistant Director for information collections, as required by unless the collection of information Regulatory Affairs, tel. 202–622–4855; the Paperwork Reduction Act of 1995. displays a valid OMB control number. or the Department of the Treasury’s The IRS is soliciting comments Books or records relating to a collection Office of the General Counsel: Office of concerning the notification requirement of information must be retained as long the Chief Counsel (Foreign Assets for transfer of partnership interest in as their contents may become material Control), tel.: 202–622–2410. electing investment partnership. in the administration of any internal SUPPLEMENTARY INFORMATION: revenue law. Generally, tax returns and DATES: Written comments should be tax return information are confidential, Electronic Availability received on or before February 9, 2018 as required by 26 U.S.C. 6103. to be assured of consideration. The Specially Designated Nationals Request For Comments: Comments ADDRESSES: Direct all written comments and Blocked Persons List and additional submitted in response to this notice will to L. Brimmer, Internal Revenue be summarized and/or included in the information concerning OFAC sanctions Service, Room 6529, 1111 Constitution request for OMB approval. All programs are available on OFAC’s Web Avenue NW., Washington, DC 20224. comments will become a matter of site (www.treasury.gov/ofac). FOR FURTHER INFORMATION CONTACT: public record. Comments are invited on: Notice of OFAC Action Requests for additional information or (a) Whether the collection of On December 5, 2017, OFAC copies of the revenue procedure should information is necessary for the proper determined that the property and be directed to Kerry Dennis, at (202) performance of the functions of the interests in property subject to U.S. 317–5751 or Internal Revenue Service, agency, including whether the jurisdiction of the following person are Room 6529, 1111 Constitution Avenue information shall have practical utility; blocked under the relevant sanctions NW., Washington DC 20224, or through (b) the accuracy of the agency’s estimate authority listed below. the internet, at Kerry.Dennis@irs.gov. of the burden of the collection of SUPPLEMENTARY INFORMATION: information; (c) ways to enhance the Individual Title: Notification Requirement for quality, utility, and clarity of the 1. AL–FAISAL, Abdullah Ibrahim (a.k.a. EL– Transfer of Partnership Interest in information to be collected; (d) ways to FAISAL, Abdulla; a.k.a. FAISAL, Electing Investment Partnership (EIP). minimize the burden of the collection of daltland on DSKBBV9HB2PROD with NOTICES Abdullah; a.k.a. FORREST, Trevor OMB Number: 1545–1939. information on respondents, including William), 8 Windsor Road, Spanishtown, Notice Number: Notice 2005–32. through the use of automated collection Jamaica; DOB 09 Oct 1963; alt. DOB 10 Sep 1963; POB Jamaica; Gender Male; Abstract: The American Jobs Creation techniques or other forms of information Passport A2791188; National ID No. Act of 2004 amended §§ 734, 743, and technology; and (e) estimates of capital 119458128 (Jamaica) (individual) [SDGT] 6031 of the Internal Revenue Code. The or start-up costs and costs of operation, (Linked To: ISLAMIC STATE OF IRAQ amendment necessitated the creation of maintenance, and purchase of services AND THE LEVANT). new reporting requirements and to provide information. VerDate Sep<11>2014 17:54 Dec 08, 2017 Jkt 244001 PO 00000 Frm 00109 Fmt 4703 Sfmt 4703 E:\FR\FM\11DEN1.SGM 11DEN1

58276 Federal Register / Vol. 82, No. 236 / Monday, December 11, 2017 / Notices Approved: December 4, 2017. for every calendar quarter for which a DEPARTMENT OF THE TREASURY L. Brimmer, liability under section 3505 is incurred. Senior Tax Analyst. Internal Revenue Service Current Actions: There have been no [FR Doc. 2017–26630 Filed 12–8–17; 8:45 am] changes to the form that would affect Proposed Collection; Comment BILLING CODE 4830–01–P burden. Request for Regulation Project Type of Review: Extension of a AGENCY: Internal Revenue Service (IRS), DEPARTMENT OF THE TREASURY currently approved collection. Treasury. Affected Public: Businesses and other ACTION: Notice and request for Internal Revenue Service for-profit organizations, Not-for-profit comments. institutions, Farms, Federal Proposed Collection; Comment SUMMARY: The Internal Revenue Service, Government, State, Local, or Tribal Request for Regulation Project as part of its continuing effort to reduce Government. AGENCY: Internal Revenue Service (IRS), paperwork and respondent burden, Estimated Number of Respondents: invites the general public and other Treasury. 1,000. ACTION: Notice and request for Federal agencies to take this comments. Estimated Time per Respondent: 12 opportunity to comment on continuing hours, 50 minutes. information collections, as required by SUMMARY: The Internal Revenue Service, Estimated Total Annual Burden the Paperwork Reduction Act of 1995. as part of its continuing effort to reduce Hours: 12,833. The IRS is soliciting comments paperwork and respondent burden, concerning the statement of liability of invites the general public and other The following paragraph applies to all lender, surety, or other person for Federal agencies to take this of the collections of information covered withholding taxes. opportunity to comment on continuing by this notice. DATES: Written comments should be information collections, as required by An agency may not conduct or received on or before February 9, 2018 the Paperwork Reduction Act of 1995. sponsor, and a person is not required to to be assured of consideration. The IRS is soliciting comments respond to, a collection of information ADDRESSES: Direct all written comments concerning the statement of liability of unless the collection of information to L. Brimmer, Internal Revenue lender, surety, or other person for displays a valid OMB control number. Service, Room 6529, 1111 Constitution withholding taxes. Books or records relating to a collection Avenue NW., Washington, DC 20224. DATES: Written comments should be of information must be retained as long FOR FURTHER INFORMATION CONTACT: received on or before February 9, 2018 as their contents may become material Requests for additional information or to be assured of consideration. in the administration of any internal copies of the revenue procedure should ADDRESSES: Direct all written comments revenue law. Generally, tax returns and be directed to Kerry Dennis, at (202) to L. Brimmer, Internal Revenue tax return information are confidential, 317–5751 or Internal Revenue Service, Service, Room 6529, 1111 Constitution as required by 26 U.S.C. 6103. Room 6529, 1111 Constitution Avenue Avenue NW., Washington, DC 20224. NW., Washington, DC 20224, or through Request For Comments: Comments FOR FURTHER INFORMATION CONTACT: the internet, at Kerry.Dennis@irs.gov. submitted in response to this notice will Requests for additional information or SUPPLEMENTARY INFORMATION: be summarized and/or included in the copies of the revenue procedure should Title: Statement of Liability of Lender, be directed to Kerry Dennis, at (202) request for OMB approval. All Surety, or Other Person for Withholding 317–5751 or Internal Revenue Service, comments will become a matter of Taxes. Room 6529, 1111 Constitution Avenue public record. Comments are invited on: OMB Number: 1545–2254. NW., Washington, DC 20224, or through (a) Whether the collection of Form Number: Form 4219. the Internet, at Kerry.Dennis@irs.gov. information is necessary for the proper Abstract: Third parties who directly SUPPLEMENTARY INFORMATION: performance of the functions of the pay another’s payrolls can be held liable Title: Statement of Liability of Lender, agency, including whether the for the full amount of taxes required to Surety, or Other Person for Withholding information shall have practical utility; be withheld but not paid to the Taxes. (b) the accuracy of the agency’s estimate Government (subject to the 25% OMB Number: 1545–2254. of the burden of the collection of limitation). IRC 3505 deals with persons Form Number: Form 4219. information; (c) ways to enhance the who supply funds to an employer for Abstract: Third parties who directly quality, utility, and clarity of the the purpose of paying wages. The pay another’s payrolls can be held liable information to be collected; (d) ways to notification that a third party is paying for the full amount of taxes required to minimize the burden of the collection of or supplying wages will usually be be withheld but not paid to the information on respondents, including made by filing of the Form 4219, Government (subject to the 25% through the use of automated collection Statement of Liability of Lender, Surety, limitation). IRC 3505 deals with persons techniques or other forms of information or Other Person for Withholding Taxes. who supply funds to an employer for The Form 4219, Statement of Liability of technology; and (e) estimates of capital the purpose of paying wages. The Lender, Surety, or Other Person for or start-up costs and costs of operation, notification that a third party is paying Withholding Taxes, is to be submitted maintenance, and purchase of services or supplying wages will usually be and associated with each employer and daltland on DSKBBV9HB2PROD with NOTICES made by filing of the Form 4219, to provide information. for every calendar quarter for which a Statement of Liability of Lender, Surety, Approved: December 4, 2017. liability under section 3505 is incurred. or Other Person for Withholding Taxes. L. Brimmer, Current Actions: There have been no The Form 4219, Statement of Liability of Senior Tax Analyst. changes to the form that would affect Lender, Surety, or Other Person for [FR Doc. 2017–26629 Filed 12–8–17; 8:45 am] burden. Withholding Taxes, is to be submitted Type of Review: Extension of a BILLING CODE 4830–01–P and associated with each employer and currently approved collection. VerDate Sep<11>2014 17:54 Dec 08, 2017 Jkt 244001 PO 00000 Frm 00110 Fmt 4703 Sfmt 4703 E:\FR\FM\11DEN1.SGM 11DEN1


Document Created: 2017-12-09 01:49:26
Document Modified: 2017-12-09 01:49:26
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 February 9, 2018 to be assured of consideration.
ContactRequests for additional information or copies of the revenue procedure should be directed to Kerry Dennis, at (202) 317-5751 or Internal Revenue Service, Room 6529, 1111 Constitution Avenue NW., Washington DC 20224, or through the internet, at [email protected]
FR Citation82 FR 58275 
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