82 FR 9482 - Proposed Collection; Comment Request for Form W-11

DEPARTMENT OF THE TREASURY
Internal Revenue Service

Federal Register Volume 82, Issue 23 (February 6, 2017)

Page Range		9482-9483
FR Document		2017-02363

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 Form W-11, Hiring Incentives to Restore Employment (HIRE) Act Employee Affidavit.

Federal Register, Volume 82 Issue 23 (Monday, February 6, 2017)

[Federal Register Volume 82, Number 23 (Monday, February 6, 2017)]
[Notices]
[Pages 9482-9483]
From the Federal Register Online  [www.thefederalregister.org]
[FR Doc No: 2017-02363]


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DEPARTMENT OF THE TREASURY

Internal Revenue Service


Proposed Collection; Comment Request for Form W-11

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 
Form W-11, Hiring Incentives to Restore Employment (HIRE) Act Employee 
Affidavit.

DATES: Written comments should be received on or before April 7, 2017 
to be assured of consideration.

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 notice should be directed to Sara Covington, at Internal 
Revenue Service, Room 6526, 1111 Constitution Avenue NW., Washington, 
DC 20224, or through the internet, at Sara.L.Covington@irs.gov.

SUPPLEMENTARY INFORMATION: 
    Title: Hiring Incentives to Restore Employment (HIRE) Act Employee 
Affidavit.
    OMB Number: 1545-2173.
    Notice Number: Form W-11.
    Abstract: This form was created in response to the Hiring 
Incentives to Restore Employment (HIRE) Act, which was signed on March 
18, 2010. The form was developed as a template for the convenience of 
employers who must

[[Page 9483]]

collect affidavits from qualifying employees. The form is not filed, 
rather an employer must retain the affidavit in order to justify 
claiming certain HIRE Act benefits.
    Current Actions: Extension of currently approved collection. There 
are no changes being made to the notice at this time.
    Type of Review: Extension of currently approved collection.
    Affected Public: Businesses or other for-profit institutions.
    Estimated Number of Respondents: 100,000.
    Estimated Average Time per Respondent: 2 hrs., 16 mins.
    Estimated Total Annual Burden Hours: 227,000 hrs.
    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 25, 2017.
Maria Cheeks,
IRS Supervisory Tax Law Specialist.
[FR Doc. 2017-02363 Filed 2-3-17; 8:45 am]
BILLING CODE 4830-01-P

9482 Federal Register / Vol. 82, No. 23 / Monday, February 6, 2017 / Notices

Federal savings association must Section 48.15 requires a national bank techniques or other forms of information
provide the OCC with prior notice and or Federal savings association to technology; and
obtain a written supervisory no- provide a retail forex customer with 30 (e) Estimates of capital or start-up
objection letter. In order to obtain a days prior notice of any assignment of costs and costs of operation,
supervisory no-objection letter, a any position or transfer of any account maintenance, and purchase of services
national bank or Federal savings of the retail forex customer. It also to provide information.
association must have written policies, requires a national bank or Federal Dated: January 26, 2017.
procedures, and risk measurement and savings association to which retail forex Karen Solomon,
management systems and controls in accounts or positions are assigned or
Deputy Chief Counsel, Office of the
place to ensure that retail forex transferred to provide the affected
Comptroller of the Currency.
transactions are conducted in a safe and customers with risk disclosure
[FR Doc. 2017–02358 Filed 2–3–17; 8:45 am]
sound manner. The national bank or statements and forms of
BILLING CODE 4810–33–P
Federal savings association also must acknowledgment and obtain the signed
provide other information required by acknowledgments within 60 days.
the OCC, such as documentation of The customer dispute resolution
provisions in § 48.16 require certain DEPARTMENT OF THE TREASURY
customer due diligence, new product
approvals, and haircuts applied to endorsements, acknowledgments, and Internal Revenue Service
noncash margins. signatures. The section also requires
that a national bank or Federal savings Proposed Collection; Comment
Disclosure Requirements association, within 10 days after receipt Request for Form W–11
Under § 48.5, a national bank or of notice from the retail forex customer
Federal savings association must that the customer intends to submit a AGENCY: Internal Revenue Service (IRS),
promptly provide the customer with a claim to arbitration, provide the Treasury.
statement reflecting the financial result customer with a list of persons qualified ACTION: Notice and request for
of the transactions and the name of the in the dispute resolution. comments.
introducing broker to the account. The Policies and Procedures; SUMMARY: The Department of the
customer must provide specific written Recordkeeping Treasury, as part of its continuing effort
instructions on how the offsetting
Sections 48.7 and 48.13 require that a to reduce paperwork and respondent
transaction should be applied.
national bank or Federal savings burden, invites the general public and
Section 48.6 requires that a national other Federal agencies to take this
association engaging in retail forex
bank or Federal savings association opportunity to comment on proposed
transactions keep full, complete, and
furnish a retail forex customer with a and/or continuing information
systematic records and to establish and
written disclosure before opening an collections, as required by the
implement internal rules, procedures,
account through which the customer Paperwork Reduction Act of 1995,
and controls. Section 48.7 also requires
will engage in retail forex transactions. Public Law 104–13 (44 U.S.C.
that a national bank or Federal savings
It further requires a national bank or 3506(c)(2)(A)). Currently, the IRS is
association keep account, financial
Federal savings association to secure an soliciting comments concerning Form
ledger, transaction, and daily records, as
acknowledgment from the customer that W–11, Hiring Incentives to Restore
well as memorandum orders, post-
the disclosure was received and Employment (HIRE) Act Employee
execution allocation of bunched orders,
understood. Finally, § 48.6 requires the Affidavit.
records regarding its ratio of profitable
disclosure by a national bank or Federal
accounts, possible violations of law, DATES: Written comments should be
savings association of its fees and other
records for noncash margin, and received on or before April 7, 2017 to
charges and its profitable accounts ratio.
monthly statements and confirmations. be assured of consideration.
Section 48.10 requires a national bank
Section 48.9 requires policies and ADDRESSES: Direct all written comments
or Federal savings association to issue
procedures for haircuts for noncash to Tuawana Pinkston, Internal Revenue
monthly statements to each retail forex
margin collected under the rule’s Service, Room 6526, 1111 Constitution
customer and to send confirmation
margin requirements and annual Avenue NW., Washington, DC 20224.
statements following transactions.
evaluations and modifications of the
Section 48.13(c) prohibits a national FOR FURTHER INFORMATION CONTACT:
haircuts.
bank or Federal savings association The OCC issued a notice for 60 days Requests for additional information or
engaging in retail forex transactions of comment regarding this collection on copies of notice should be directed to
from knowingly handling the account of October 20, 2016, 81 FR 72672. No Sara Covington, at Internal Revenue
any related person of another retail comments were received. Comments Service, Room 6526, 1111 Constitution
forex counterparty unless it receives continue to be invited on: Avenue NW., Washington, DC 20224, or
proper written authorization, promptly (a) Whether the collection of through the internet, at
prepares a written record of the order, information is necessary for the proper Sara.L.Covington@irs.gov.
and transmits to the counterparty copies performance of the functions of the SUPPLEMENTARY INFORMATION:
all statements and written records. OCC, including whether the information Title: Hiring Incentives to Restore
Section 48.13(d) prohibits a related has practical utility; Employment (HIRE) Act Employee
person of a national bank or Federal (b) The accuracy of the OCC’s Affidavit.
savings association engaging in forex
sradovich on DSK3GMQ082PROD with NOTICES

estimate of the burden of the OMB Number: 1545–2173.
transactions from having an account information collection; Notice Number: Form W–11.
with another retail forex counterparty (c) Ways to enhance the quality, Abstract: This form was created in
unless it receives proper written utility, and clarity of the information to response to the Hiring Incentives to
authorization and copies of all be collected; Restore Employment (HIRE) Act, which
statements and written records for such (d) Ways to minimize the burden of was signed on March 18, 2010. The form
accounts are transmitted to the the collection on respondents, including was developed as a template for the
counterparty. through the use of automated collection convenience of employers who must

VerDate Sep<11>2014 16:03 Feb 03, 2017 Jkt 241001 PO 00000 Frm 00113 Fmt 4703 Sfmt 4703 E:\FR\FM\06FEN1.SGM 06FEN1

$Federal Register / Vol. 82, No. 23 / Monday, February 6, 2017 / Notices 9483 collect affidavits from qualifying An agency may not conduct or agency, including whether the employees. The form is not filed, rather sponsor, and a person is not required to information shall have practical utility; an employer must retain the affidavit in respond to, a collection of information (b) the accuracy of the agency’s estimate order to justify claiming certain HIRE unless the collection of information of the burden of the collection of Act benefits. displays a valid OMB control number. information; (c) ways to enhance the Current Actions: Extension of Books or records relating to a collection quality, utility, and clarity of the currently approved collection. There are of information must be retained as long information to be collected; (d) ways to no changes being made to the notice at as their contents may become material minimize the burden of the collection of this time. in the administration of any internal information on respondents, including Type of Review: Extension of revenue law. Generally, tax returns and through the use of automated collection currently approved collection. tax return information are confidential, techniques or other forms of information Affected Public: Businesses or other as required by 26 U.S.C. 6103. technology; and (e) estimates of capital for-profit institutions. Estimated Number of Respondents: Request for Comments: Comments or start-up costs and costs of operation, 100,000. submitted in response to this notice will maintenance, and purchase of services Estimated Average Time per be summarized and/or included in the to provide information. Respondent: 2 hrs., 16 mins. request for OMB approval. All Approved: January 25, 2017. Estimated Total Annual Burden comments will become a matter of Maria Cheeks, Hours: 227,000 hrs. public record. Comments are invited on: The following paragraph applies to all (a) Whether the collection of IRS Supervisory Tax Law Specialist. of the collections of information covered information is necessary for the proper [FR Doc. 2017–02363 Filed 2–3–17; 8:45 am] by this notice: performance of the functions of the BILLING CODE 4830–01–P sradovich on DSK3GMQ082PROD with NOTICES VerDate Sep<11>2014 16:03 Feb 03, 2017 Jkt 241001 PO 00000 Frm 00114 Fmt 4703 Sfmt 9990 E:\FR\FM\06FEN1.SGM 06FEN1$

Document Created: 2017-02-04 00:25:18
Document Modified: 2017-02-04 00:25:18

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 April 7, 2017 to be assured of consideration.
Contact		Requests for additional information or copies of notice should be directed to Sara Covington, at Internal Revenue Service, Room 6526, 1111 Constitution Avenue NW., Washington, DC 20224, or through the internet, at [email protected]
FR Citation		82 FR 9482

82 FR 9482 - Proposed Collection; Comment Request for Form W-11

DEPARTMENT OF THE TREASURYInternal Revenue Service

Federal Register Volume 82, Issue 23 (February 6, 2017)

DEPARTMENT OF THE TREASURY
Internal Revenue Service