82 FR 8487 - Proposed Collection; Comment Request for Regulation Project

DEPARTMENT OF THE TREASURY
Internal Revenue Service

Federal Register Volume 82, Issue 15 (January 25, 2017)

Page Range		8487-8488
FR Document		2017-01578

The Department of the Treasury, 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, Public Law 104-13 (44 U.S.C. 3506(c)(2)(A)). Currently, the IRS is soliciting comments concerning residence of trusts and estates--7701.

Federal Register, Volume 82 Issue 15 (Wednesday, January 25, 2017)

[Federal Register Volume 82, Number 15 (Wednesday, January 25, 2017)]
[Notices]
[Pages 8487-8488]
From the Federal Register Online  [www.thefederalregister.org]
[FR Doc No: 2017-01578]


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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 Department of the Treasury, 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, Public Law 104-13 (44 U.S.C. 
3506(c)(2)(A)). Currently, the IRS is soliciting comments concerning 
residence of trusts and estates--7701.

DATES: Written comments should be received on or before March 27, 2017 
to be assured of consideration.

[[Page 8488]]


ADDRESSES: Direct all written comments to Tuawana Pinkston, Internal 
Revenue Service, room 6526, 1111 Constitution Avenue NW., Washington, 
DC 20224.

FOR FURTHER INFORMATION CONTACT: Requests for additional information or 
copies of the regulations should be directed to Kerry Dennis at 
Internal Revenue Service, Room 6526, 1111 Constitution Avenue NW., 
Washington, DC 20224, or through the internet at [email protected].

SUPPLEMENTARY INFORMATION:
    Title: Residence of Trusts and Estates--7701.
    OMB Number: 1545-1600.
    Regulation Project Number: TD 8813.
    Abstract: This regulation provides the procedures and requirements 
for making the election to remain a domestic trust in accordance with 
section 1161 of the Taxpayer Relief Act of 1997. The information 
submitted by taxpayers will be used by the IRS to determine if a trust 
is a domestic trust or a foreign trust.
    Current Actions: There is no change to this existing regulation.
    Type of Review: Extension of the currently approved collection.
    Affected Public: Individuals or households.
    Estimated Number of Respondents: 222.
    Estimated Time per Respondent: 31 minutes.
    Estimated Total Annual Burden Hours: 114.
    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: January 4, 2017.
Tuawana Pinkston,
IRS Reports Clearance Officer.
[FR Doc. 2017-01578 Filed 1-24-17; 8:45 am]
 BILLING CODE 4830-01-P

Federal Register / Vol. 82, No. 15 / Wednesday, January 25, 2017 / Notices 8487

of information must be retained as long Room 6526, 1111 Constitution Avenue respond to, a collection of information
as their contents may become material NW., Washington, DC 20224. unless the collection of information
in the administration of any internal FOR FURTHER INFORMATION CONTACT: displays a valid OMB control number.
revenue law. Generally, tax returns and Requests for additional information or Books or records relating to a collection
tax return information are confidential, copies of the regulations should be of information must be retained as long
as required by 26 U.S.C. 6103. directed to Tuawana Pinkston at as their contents may become material
Request for Comments: Comments Internal Revenue Service, Room 6526, in the administration of any internal
submitted in response to this notice will 1111 Constitution Avenue NW., revenue law. Generally, tax returns and
be summarized and/or included in the Washington, DC 20224, or through the tax return information are confidential,
request for OMB approval. All internet at Kerry.dennis@irs.gov. as required by 26 U.S.C. 6103.
comments will become a matter of Request for Comments: Comments
SUPPLEMENTARY INFORMATION:
public record. Comments are invited on: submitted in response to this notice will
Title: S Corporation Guidance Under
(a) Whether the collection of be summarized and/or included in the
AJCA of 2004 and GOZA of 2005.
information is necessary for the proper request for OMB approval. All
OMB Number: 1545–2114.
performance of the functions of the comments will become a matter of
Regulation Project Number: TD 9422.
agency, including whether the public record. Comments are invited on:
Abstract: Final regulations provide
information shall have practical utility; (a) Whether the collection of
guidance regarding certain changes
(b) the accuracy of the agency’s estimate information is necessary for the proper
made to the rules governing S
of the burden of the collection of performance of the functions of the
corporations under the American Jobs
information; (c) ways to enhance the agency, including whether the
Creation Act of 2004 and the Gulf
quality, utility, and clarity of the information shall have practical utility;
Opportunity Zone Act of 2005. The final
information to be collected; (d) ways to (b) the accuracy of the agency’s estimate
regulations replace obsolete references
minimize the burden of the collection of of the burden of the collection of
in the current regulations and allow
information on respondents, including information; (c) ways to enhance the
taxpayers to make proper use of the
through the use of automated collection quality, utility, and clarity of the
provisions that made changes to prior
techniques or other forms of information information to be collected; (d) ways to
law. The final regulations include
technology; and (e) estimates of capital minimize the burden of the collection of
guidance on the S corporation family
or start-up costs and costs of operation, information on respondents, including
shareholder rules, the definitions of
maintenance, and purchase of services through the use of automated collection
‘‘powers of appointment’’ and
to provide information. techniques or other forms of information
‘‘potential current beneficiaries’’ (PCBs)
technology; and (e) estimates of capital
Approved: January 3, 2017. with regard to electing small business
or start-up costs and costs of operation,
Tuawana Pinkston, trusts (ESBTs),the allowance of
maintenance, and purchase of services
IRS Reports Clearance Officer. suspended losses to the spouse or
to provide information.
[FR Doc. 2017–01579 Filed 1–24–17; 8:45 am] former spouse of an S corporation
shareholder, and relief for inadvertently Approved: January 5, 2017.
BILLING CODE 4830–01–P
terminated or invalid qualified Tuawana Pinkston,
subchapter S subsidiary (QSub) IRS Reports Clearance Officer.
DEPARTMENT OF THE TREASURY elections. The final regulations affect S [FR Doc. 2017–01577 Filed 1–24–17; 8:45 am]
corporations and their shareholders. BILLING CODE 4830–01–P
Internal Revenue Service The collection of information is
required by § 1.1361–1(m)(2)(ii)(A) of
Proposed Collection; Comment these final regulations. This information DEPARTMENT OF THE TREASURY
Request for Regulation Project is required to enable the IRS to verify
whether the corporation is an eligible S Internal Revenue Service
AGENCY: Internal Revenue Service (IRS),
Treasury. corporation.
Proposed Collection; Comment
Current Actions: There is no change to
ACTION: Notice and request for Request for Regulation Project
this existing regulation.
comments. Type of Review: Extension of OMB AGENCY: Internal Revenue Service (IRS),
SUMMARY: The Department of the approval. Treasury.
Treasury, as part of its continuing effort Affected Public: Individuals or ACTION: Notice and request for
to reduce paperwork and respondent households, business or other for-profit comments.
burden, invites the general public and & not-for-profit institutions.
Estimated Total Annual Reporting SUMMARY: The Department of the
other Federal agencies to take this
Burden: 26,000. Treasury, as part of its continuing effort
opportunity to comment on proposed
Estimated Average Annual Burden: 1 to reduce paperwork and respondent
and/or continuing information
hour. burden, invites the general public and
collections, as required by the
Estimated Number of Respondents: other Federal agencies to take this
Paperwork Reduction Act of 1995,
26,000. opportunity to comment on proposed
Public Law 104–13 (44 U.S.C.
The reporting burden contained in and/or continuing information
3506(c)(2)(A)). Currently, the IRS is
§ 301.6501(c)–1(f) is reflected in the collections, as required by the
soliciting comments concerning S
burden for Form 709, U.S. Gift (and Paperwork Reduction Act of 1995,
mstockstill on DSK3G9T082PROD with NOTICES

Corporation Guidance under AJCA of
Generation-Skipping Transfer) Tax Public Law 104–13 (44 U.S.C.
2004.
Return. 3506(c)(2)(A)). Currently, the IRS is
DATES: Written comments should be The following paragraph applies to all soliciting comments concerning
received on or before March 27, 2017 to of the collections of information covered residence of trusts and estates—7701.
be assured of consideration. by this notice: DATES: Written comments should be
ADDRESSES: Direct all written comments An agency may not conduct or received on or before March 27, 2017 to
to Tuawana Pinkston, Revenue Service, sponsor, and a person is not required to be assured of consideration.

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Document Created: 2017-01-25 00:08:49
Document Modified: 2017-01-25 00:08:49

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 March 27, 2017 to be assured of consideration.
Contact		Requests for additional information or copies of the regulations should be directed to Kerry Dennis at Internal Revenue Service, Room 6526, 1111 Constitution Avenue NW., Washington, DC 20224, or through the internet at [email protected]
FR Citation		82 FR 8487

82 FR 8487 - Proposed Collection; Comment Request for Regulation Project

DEPARTMENT OF THE TREASURYInternal Revenue Service

Federal Register Volume 82, Issue 15 (January 25, 2017)

DEPARTMENT OF THE TREASURY
Internal Revenue Service