82 FR 60276 - Proposed Collection; Comment Request for Regulation Project

DEPARTMENT OF THE TREASURY
Internal Revenue Service

Federal Register Volume 82, Issue 242 (December 19, 2017)

Page Range		60276-60277
FR Document		2017-27319

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 information returns of U.S. persons with respect to foreign disregarded entities, and transactions between foreign disregarded entity of a foreign tax owner and the filer on other related entities.

Federal Register, Volume 82 Issue 242 (Tuesday, December 19, 2017)

[Federal Register Volume 82, Number 242 (Tuesday, December 19, 2017)]
[Notices]
[Pages 60276-60277]
From the Federal Register Online  [www.thefederalregister.org]
[FR Doc No: 2017-27319]


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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 
information returns of U.S. persons with respect to foreign disregarded 
entities, and transactions between foreign disregarded entity of a 
foreign tax owner and the filer on other related entities.

DATES: Written comments should be received on or before February 20, 
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: Information Return of U.S. Persons With Respect To Foreign 
Disregarded Entities and Transaction Between Foreign Disregarded Entity 
of a Foreign Tax Owner and the Filer on Other Related Entities.
    OMB Number: 1545-1910.
    Form Number: Form 8858 and Form 8858 Sch M.
    Abstract: Form 8858 and Schedule M are used by certain U.S. persons 
that own a foreign disregarded entity (FDE) directly or, in certain 
circumstances, indirectly or constructively.
    Current Actions: There are no changes being made to these forms at 
this time. However, the agency has updated the number of respondents 
based on most recent data. This figure only represents all ``other 
filers'', as individual filing data is being reported under 1545-0074 
and business data is being reported under 1545-0123.
    Type of Review: Revision of a currently approved collection.
    Affected Public: Business or other for-profit organizations, and 
individuals or households.
    Form 8858:
    Estimated Number of Respondents: 20,000.
    Estimated Time per Respondent: 26.75 hours.
    Estimated Total Annual Burden Hours: 535,000 hours.
    Form 8858 (Sch M):
    Estimated Number of Respondents: 8,000.
    Estimated Time per Respondent: 24.75 hours.
    Estimated Total Annual Burden Hours: 198,000 hours.
    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

[[Page 60277]]

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: December 13, 2017.
L. Brimmer,
Senior Tax Analyst.
[FR Doc. 2017-27319 Filed 12-18-17; 8:45 am]
BILLING CODE 4830-01-P

60276 Federal Register / Vol. 82, No. 242 / Tuesday, December 19, 2017 / Notices

Service, Room 6529, 1111 Constitution respond to, a collection of information DATES: Written comments should be
Avenue NW, Washington, DC 20224. unless the collection of information received on or before February 20, 2018
FOR FURTHER INFORMATION CONTACT: displays a valid OMB control number. to be assured of consideration.
Requests for additional information or Books or records relating to a collection ADDRESSES: Direct all written comments
copies of the form should be directed to of information must be retained as long to L. Brimmer, Internal Revenue
Kerry Dennis, at (202) 317–5751 or as their contents may become material Service, Room 6529, 1111 Constitution
Internal Revenue Service, Room 6529, in the administration of any internal Avenue NW, Washington, DC 20224.
1111 Constitution Avenue NW, revenue law. Generally, tax returns and FOR FURTHER INFORMATION CONTACT:
Washington, DC 20224, or through the tax return information are confidential, Requests for additional information or
internet, at Kerry.Dennis@irs.gov. as required by 26 U.S.C. 6103. copies of the revenue procedure should
SUPPLEMENTARY INFORMATION: Request for Comments: Comments be directed to Kerry Dennis, at (202)
Title: Continuation Coverage submitted in response to this notice will 317–5751 or Internal Revenue Service,
Requirements Application to Group be summarized and/or included in the Room 6529, 1111 Constitution Avenue
Health Plans. request for OMB approval. All NW, Washington, DC 20224, or through
OMB Number: 1545–1581. comments will become a matter of the internet, at Kerry.Dennis@irs.gov.
Regulation Project Number: REG– public record. Comments are invited on: SUPPLEMENTARY INFORMATION:
209485–86 (TD 8812). (a) Whether the collection of Title: Information Return of U.S.
Abstract: The regulations require information is necessary for the proper Persons With Respect To Foreign
group health plans to provide notices to performance of the functions of the Disregarded Entities and Transaction
individuals who are entitled to elect agency, including whether the Between Foreign Disregarded Entity of a
COBRA (The Consolidated Omnibus information shall have practical utility; Foreign Tax Owner and the Filer on
Budget Reconciliation Act of 1985) (b) the accuracy of the agency’s estimate Other Related Entities.
continuation coverage of their election of the burden of the collection of OMB Number: 1545–1910.
rights. Individuals who wish to obtain information; (c) ways to enhance the Form Number: Form 8858 and Form
the benefits provided under the statute quality, utility, and clarity of the 8858 Sch M.
are required to provide plans notices in information to be collected; (d) ways to Abstract: Form 8858 and Schedule M
the cases of divorce from the covered minimize the burden of the collection of are used by certain U.S. persons that
employee, a dependent child’s ceasing information on respondents, including own a foreign disregarded entity (FDE)
to be dependent under the terms of the through the use of automated collection directly or, in certain circumstances,
plan, and disability. Most plans will techniques or other forms of information indirectly or constructively.
require that elections of COBRA technology; and (e) estimates of capital Current Actions: There are no changes
continuation coverage be made in or start-up costs and costs of operation, being made to these forms at this time.
writing. In cases where qualified maintenance, and purchase of services However, the agency has updated the
beneficiaries are short by an to provide information. number of respondents based on most
insignificant amount in a payment made Approved: December 13, 2017. recent data. This figure only represents
to the plan, the regulations require the L. Brimmer, all ‘‘other filers’’, as individual filing
plan to notify the qualified beneficiary Senior Tax Analyst. data is being reported under 1545–0074
if the plan does not wish to treat the and business data is being reported
[FR Doc. 2017–27318 Filed 12–18–17; 8:45 am]
tendered payment as full payment. If a under 1545–0123.
BILLING CODE 4830–01–P
health care provider contacts a plan to Type of Review: Revision of a
confirm coverage of a qualified currently approved collection.
beneficiary, the regulations require that DEPARTMENT OF THE TREASURY Affected Public: Business or other for-
the plan disclose the qualified profit organizations, and individuals or
beneficiary’s complete rights to Internal Revenue Service households.
coverage. Form 8858:
Current Actions: There are no changes Proposed Collection; Comment Estimated Number of Respondents:
to the paperwork burden previously Request for Regulation Project 20,000.
approved by OMB. Estimated Time per Respondent:
Type of Review: Extension of a AGENCY: Internal Revenue Service (IRS), 26.75 hours.
currently approved collection. Treasury. Estimated Total Annual Burden
Affected Public: Business or other for- ACTION: Notice and request for Hours: 535,000 hours.
profit organizations, individuals or comments. Form 8858 (Sch M):
households, and not-for-profit Estimated Number of Respondents:
institutions. SUMMARY: The Internal Revenue Service, 8,000.
Estimated Number of Respondents: as part of its continuing effort to reduce Estimated Time per Respondent:
1,800,000. paperwork and respondent burden, 24.75 hours.
The estimated time per respondent invites the general public and other Estimated Total Annual Burden
varies from 30 seconds to 330 hours, Federal agencies to take this Hours: 198,000 hours.
depending on individual circumstances, opportunity to comment on continuing The following paragraph applies to all
with an estimated average of 14 information collections, as required by of the collections of information covered
minutes. the Paperwork Reduction Act of 1995. by this notice.
sradovich on DSK3GMQ082PROD with NOTICES

Estimated Total Annual Burden The IRS is soliciting comments An agency may not conduct or
Hours: 404,640. concerning information returns of U.S. sponsor, and a person is not required to
The following paragraph applies to all persons with respect to foreign respond to, a collection of information
of the collections of information covered disregarded entities, and transactions unless the collection of information
by this notice. between foreign disregarded entity of a displays a valid OMB control number.
An agency may not conduct or foreign tax owner and the filer on other Books or records relating to a collection
sponsor, and a person is not required to related entities. of information must be retained as long

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Federal Register / Vol. 82, No. 242 / Tuesday, December 19, 2017 / Notices 60277

as their contents may become material FOR FURTHER INFORMATION CONTACT: DEPARTMENT OF VETERANS
in the administration of any internal Copies of the submissions may be AFFAIRS
revenue law. Generally, tax returns and obtained from Jennifer Leonard by
tax return information are confidential, [OMB Control No. 2900–0668]
emailing PRA@treasury.gov, calling
as required by 26 U.S.C. 6103. (202) 622–0489, or viewing the entire
Request for Comments: Comments Agency Information Collection Activity
information collection request at Under OMB Review: Supplemental
submitted in response to this notice will www.reginfo.gov.
be summarized and/or included in the Income Questionnaire (For Philippine
request for OMB approval. All Claims Only)
SUPPLEMENTARY INFORMATION:
comments will become a matter of Title: Small Business Lending Fund AGENCY: Veterans Benefits
public record. Comments are invited on: Administration, Department of Veterans
Quarterly Supplemental Report.
(a) Whether the collection of Affairs.
information is necessary for the proper OMB Control Number: 1505–0228.
ACTION: Notice.
performance of the functions of the Type of Review: Extension without
agency, including whether the change of a currently approved SUMMARY: In compliance with the
information shall have practical utility; collection. Paperwork Reduction Act (PRA) of
(b) the accuracy of the agency’s estimate 1995, this notice announces that the
of the burden of the collection of Abstract: Banks participating in the
Small Business Lending Fund program Veterans Benefits Administration
information; (c) ways to enhance the (VBA), Department of Veterans Affairs,
quality, utility, and clarity of the are required to submit a Supplemental
will submit the collection of
information to be collected; (d) ways to Report each quarter. The Supplemental
information abstracted below to the
minimize the burden of the collection of Report is used to determine the bank’s
Office of Management and Budget
information on respondents, including small business lending baseline and (OMB) for review and comment. The
through the use of automated collection allows Treasury to assess the change in PRA submission describes the nature of
techniques or other forms of information the small business lending for the the information collection and its
technology; and (e) estimates of capital previous quarter. expected cost and burden and it
or start-up costs and costs of operation, Form: TD F 102.3A, TD F 102.4. includes the actual data collection
maintenance, and purchase of services instrument.
to provide information. Affected Public: Businesses or other
for-profits. DATES: Comments must be submitted on
Approved: December 13, 2017.
Estimated Total Annual Burden or before January 18, 2018.
L. Brimmer,
Hours: 4,032. ADDRESSES: Submit written comments
Senior Tax Analyst.
Request for Comments: Comments on the collection of information through
[FR Doc. 2017–27319 Filed 12–18–17; 8:45 am]
www.Regulations.gov, or to Office of
BILLING CODE 4830–01–P submitted in response to this notice will
Information and Regulatory Affairs,
be summarized and included in the
Office of Management and Budget, Attn:
request for Office of Management and VA Desk Officer; 725 17th St. NW,
DEPARTMENT OF THE TREASURY Budget approval. All comments will Washington, DC 20503 or sent through
become a matter of public record. electronic mail to oira_submission@
Agency Information Collection Comments are invited on: (a) Whether
Activities; Proposed Collection; omb.eop.gov. Please refer to ‘‘OMB
the collection of information is Control No. 2900–0668’’ in any
Comment Request; Small Business
necessary for the proper performance of correspondence.
Lending Fund Quarterly Supplemental
Report the functions of the agency, including
FOR FURTHER INFORMATION CONTACT:
whether the information shall have
AGENCY: Departmental Offices, U.S. Cynthia Harvey-Pryor, Office of Quality,
practical utility; (b) the accuracy of the
Department of the Treasury. Privacy and Risk, Department of
agency’s estimate of the burden of the
Veterans Affairs, 811 Vermont Avenue,
ACTION: Notice. collection of information; (c) ways to Floor 5, Area 368, Washington, DC
enhance the quality, utility, and clarity 20420, (202) 461–5870 or email
SUMMARY: The U.S. Department of the
Treasury, as part of its continuing effort of the information to be collected; (d) cynthia.harvey-pryor@va.gov. Please
to reduce paperwork and respondent ways to minimize the burden of the refer to ‘‘OMB Control No. 2900–0668’’
burden, invites the general public and collection of information on in any correspondence.
other federal agencies to take this respondents, including through the use SUPPLEMENTARY INFORMATION:
opportunity to comment on this of technology; and (e) estimates of Authority: 38 U.S.C. 1521, 1541, 1542.
continuing information collection, as capital or start-up costs and costs of Title: Supplemental Income
required by the Paperwork Reduction operation, maintenance, and purchase Questionnaire (For Philippine Claims
Act of 1995. The public is invited to of services required to provide Only) (VA Form 21P–0784).
submit comments on the collection(s) information. OMB Control Number: 2900–0668.
listed below. Authority: 44 U.S.C. 3501 et seq. Type of Review: Reinstatement
DATES: Written comments must be without change of a previously
received on or before February 20, 2018. Dated: December 13, 2017.
approved collection.
ADDRESSES: Send comments regarding Spencer W. Clark, Abstract: Eligibility to benefits may be
sradovich on DSK3GMQ082PROD with NOTICES

the burden estimate, or any other aspect Treasury PRA Clearance Officer. established based on service in the
of the information collection, including [FR Doc. 2017–27247 Filed 12–18–17; 8:45 am] Philippine Scouts, Commonwealth
suggestions for reducing the burden, to BILLING CODE 4810–25–P Army of the Philippines, or recognized
Treasury PRA Clearance Officer, 1750 guerrilla organizations (38 U.S.C. 107).
Pennsylvania Ave. NW, Suite 8142, Title 38 U.S.C. 1521, 1541, and 1542
Washington, DC 20220, or email at provide for payment of Pension to
PRA@treasury.gov. eligible veterans, surviving spouses, and

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Document Created: 2017-12-19 01:31:24
Document Modified: 2017-12-19 01:31:24

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 February 20, 2018 to be assured of consideration.
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]
FR Citation		82 FR 60276

82 FR 60276 - Proposed Collection; Comment Request for Regulation Project

DEPARTMENT OF THE TREASURYInternal Revenue Service

Federal Register Volume 82, Issue 242 (December 19, 2017)

DEPARTMENT OF THE TREASURY
Internal Revenue Service