83_FR_12132 83 FR 12079 - Proposed Collection; Comment Request for Form 8621

83 FR 12079 - Proposed Collection; Comment Request for Form 8621

DEPARTMENT OF THE TREASURY
Internal Revenue Service

Federal Register Volume 83, Issue 53 (March 19, 2018)

Page Range12079-12080
FR Document2018-05515

The Internal Revenue Service (IRS), 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 information collections, as required by the Paperwork Reduction Act of 1995. The IRS is soliciting comments concerning Return by a Shareholder of a Passive Foreign Investment Company or Qualified Electing Fund.

Federal Register, Volume 83 Issue 53 (Monday, March 19, 2018) 
[Federal Register Volume 83, Number 53 (Monday, March 19, 2018)]
[Notices]
[Pages 12079-12080]
From the Federal Register Online  [www.thefederalregister.org]
[FR Doc No: 2018-05515]


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DEPARTMENT OF THE TREASURY

Internal Revenue Service


Proposed Collection; Comment Request for Form 8621

AGENCY: Internal Revenue Service (IRS), Treasury.

ACTION: Notice and request for comments.

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SUMMARY: The Internal Revenue Service (IRS), 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 information collections, as required by the Paperwork Reduction Act 
of 1995. The IRS is soliciting comments concerning Return by a 
Shareholder of a Passive Foreign Investment Company or Qualified 
Electing Fund.

DATES: Written comments should be received on or before May 18, 2018 to 
be assured of consideration.

ADDRESSES: Direct all written comments to Laurie Brimmer, Internal 
Revenue Service, Room 6526, 1111 Constitution Avenue NW, Washington, DC 
20224.

FOR FURTHER INFORMATION CONTACT: Requests for additional information or 
copies of the form should be directed to Martha R. Brinson, at (202) 
317-5753 or at Internal Revenue Service, Room 6526, 1111 Constitution 
Avenue NW, Washington, DC 20224, or through the internet at 
[email protected].

SUPPLEMENTARY INFORMATION: 
    Title: Return by a Shareholder of a Passive Foreign Investment 
Company or Qualified Electing Fund.
    OMB Number: 1545-1002.
    Form Number: 8621.
    Abstract: Form 8621 is filed by a U.S. shareholder who owns stock 
in a foreign investment company. The form is used to report income, 
make an election to extend the time for payment of tax, and to pay an 
additional tax and interest amount. The IRS uses Form 8621 to determine 
if these shareholders have correctly reported amounts of income, made 
the election correctly, and have correctly computed the additional tax 
and interest amount.
    Current Actions: There are no changes being made to Form 8621 at 
this time.
    Type of Review: Extension of a currently approved collection.
    Affected Public: Businesses or other for-profit organizations and 
individuals.
    Estimated Number of Responses: 1,333.
    Estimated Time per Respondent: 48 hr. 44 min.
    Estimated Total Annual Burden Hours: 64,971.
    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

[[Page 12080]]

technology; and (e) estimates of capital or start-up costs and costs of 
operation, maintenance, and purchase of services to provide 
information.

    Approved: March 13, 2018.
Laurie Brimmer,
Senior Tax Analyst.
[FR Doc. 2018-05515 Filed 3-16-18; 8:45 am]
 BILLING CODE 4830-01-P

Federal Register / Vol. 83, No. 53 / Monday, March 19, 2018 / Notices 12079 Form Number: Rev. Proc 2005–50. Affected Public: Individuals, Federal 1111 Constitution Avenue NW, Abstract: This revenue procedure Government, State, Local, or Tribal Washington, DC 20224, or through the prescribes how an eligible educational Governments, and other Not-for-profit internet at Martha.R.Brinson@irs.gov. institution may obtain automatic organizations. SUPPLEMENTARY INFORMATION: consent from the Service to change its Estimated Number of Respondents: Title: Return by a Shareholder of a method of reporting under section 60,000. Passive Foreign Investment Company or 6050(S) of the Code and the Income Tax Estimated Time per Respondent: 2 Qualified Electing Fund. Regulations. hours 50 minutes. OMB Number: 1545–1002. Current Actions: There is no change Estimated Total Annual Burden Form Number: 8621. in the paperwork burden previously Hours: 170,400. Abstract: Form 8621 is filed by a U.S. approved by OMB. This form is being The following paragraph applies to all shareholder who owns stock in a foreign submitted for renewal purposes only. of the collections of information covered investment company. The form is used Type of Review: Extension of a by this notice: to report income, make an election to currently approved collection. An agency may not conduct or extend the time for payment of tax, and Affected Public: Individuals and sponsor, and a person is not required to to pay an additional tax and interest Households, Businesses and other for- respond to, a collection of information amount. The IRS uses Form 8621 to profit organizations. unless the collection of information determine if these shareholders have Estimated Number of Respondents: displays a valid OMB control number. correctly reported amounts of income, 30. Books or records relating to a collection made the election correctly, and have Estimated Time per Respondent: 10 of information must be retained as long correctly computed the additional tax hours. as their contents may become material and interest amount. Estimated Total Annual Burden in the administration of any internal Current Actions: There are no changes Hours: 300. revenue law. Generally, tax returns and being made to Form 8621 at this time. 7. Title: Designated Roth tax return information are confidential, Type of Review: Extension of a Contributions. as required by 26 U.S.C. 6103. OMB Number: 1545–1992. currently approved collection. Regulation Project Number: REG– Approved: March 13, 2018. Affected Public: Businesses or other 146459–05 (TD 9324). Laurie Brimmer, for-profit organizations and individuals. Abstract: These final regulations Senior Tax Analyst. Estimated Number of Responses: provide guidance concerning the [FR Doc. 2018–05520 Filed 3–16–18; 8:45 am] 1,333. taxation of distributions from BILLING CODE 4830–01–P Estimated Time per Respondent: 48 designated Roth accounts under hr. 44 min. qualified cash or deferred arrangements Estimated Total Annual Burden under section 401(k). DEPARTMENT OF THE TREASURY Hours: 64,971. Current Actions: There is no change to The following paragraph applies to all this existing regulation. Internal Revenue Service of the collections of information covered Type of Review: Extension of a by this notice: Proposed Collection; Comment An agency may not conduct or currently approved collection. Request for Form 8621 sponsor, and a person is not required to Affected Public: Business, other for- profit organizations. AGENCY: Internal Revenue Service (IRS), respond to, a collection of information Estimated Number of Responses: Treasury. unless the collection of information 997,000. displays a valid OMB control number. ACTION: Notice and request for Estimated Time per Response: 50 min. Books or records relating to a collection comments. of information must be retained as long Estimated Total Annual Burden Hours: 828,000. SUMMARY: The Internal Revenue Service as their contents may become material 8. Title: Mortgage Assistance (IRS), as part of its continuing effort to in the administration of any internal Payments. reduce paperwork and respondent revenue law. Generally, tax returns and OMB Number: 1545–2221. burden, invites the general public and tax return information are confidential, Form Number: Form 1098–MA. other Federal agencies to take this as required by 26 U.S.C. 6103. Abstract: This form is a statement opportunity to comment on information Request for Comments: Comments reported to the IRS and to taxpayers. It collections, as required by the submitted in response to this notice will will be filed and furnished by State Paperwork Reduction Act of 1995. The be summarized and/or included in the Housing Finance Agencies (HFAs) and IRS is soliciting comments concerning request for OMB approval. All HUD to report the total amounts of Return by a Shareholder of a Passive comments will become a matter of mortgage assistance payments and Foreign Investment Company or public record. Comments are invited on: homeowner mortgage payments made to Qualified Electing Fund. (a) Whether the collection of mortgage servicers. The requirement for DATES: Written comments should be information is necessary for the proper the statement are authorized by Notice received on or before May 18, 2018 to performance of the functions of the 2011–14, supported by Public Law 111– be assured of consideration. agency, including whether the 203, sec. 1496, and Public Law 110–343, information shall have practical utility; ADDRESSES: Direct all written comments Division A, sec. 109. (b) the accuracy of the agency’s estimate to Laurie Brimmer, Internal Revenue of the burden of the collection of sradovich on DSK3GMQ082PROD with NOTICES Current Actions: There were no changes made to the document that Service, Room 6526, 1111 Constitution information; (c) ways to enhance the resulted in any change to the burden Avenue NW, Washington, DC 20224. quality, utility, and clarity of the previously reported to OMB. We are FOR FURTHER INFORMATION CONTACT: information to be collected; (d) ways to making this submission to renew the Requests for additional information or minimize the burden of the collection of OMB approval. copies of the form should be directed to information on respondents, including Type of Review: Extension to Martha R. Brinson, at (202) 317–5753 or through the use of automated collection previously approved IC. at Internal Revenue Service, Room 6526, techniques or other forms of information VerDate Sep<11>2014 16:43 Mar 16, 2018 Jkt 244001 PO 00000 Frm 00126 Fmt 4703 Sfmt 4703 E:\FR\FM\19MRN1.SGM 19MRN1

12080 Federal Register / Vol. 83, No. 53 / Monday, March 19, 2018 / Notices technology; and (e) estimates of capital Affected Public: Business or other for- reduce paperwork and respondent or start-up costs and costs of operation, profit organization, and not-for-profit burden, invites the general public and maintenance, and purchase of services institutions. other Federal agencies to take this to provide information. Estimated Number of Responses: opportunity to comment on information Approved: March 13, 2018. 39,000. collections, as required by the Laurie Brimmer, Estimated Time per Response: 11 Paperwork Reduction Act of 1995. The Hours, 24 minutes. IRS is soliciting comments concerning Senior Tax Analyst. Estimated Total Annual Burden Low Sulfur Diesel Fuel Production [FR Doc. 2018–05515 Filed 3–16–18; 8:45 am] Hours: 445,770. Credit. BILLING CODE 4830–01–P The following paragraph applies to all of the collections of information covered DATES: Written comments should be by this notice: received on or before May 18, 2018 to DEPARTMENT OF THE TREASURY An agency may not conduct or be assured of consideration. sponsor, and a person is not required to ADDRESSES: Direct all written comments Internal Revenue Service to Laurie Brimmer, Internal Revenue respond to, a collection of information unless the collection of information Service, Room 6526, 1111 Constitution Proposed Collection; Comment displays a valid OMB control number. Avenue NW, Washington, DC 20224. Request for Form 8717 Books or records relating to a collection FOR FURTHER INFORMATION CONTACT: AGENCY: Internal Revenue Service (IRS), of information must be retained as long Requests for additional information or Treasury. as their contents may become material copies of the form should be directed to ACTION: Notice and request for in the administration of any internal Martha R. Brinson, at (202) 317–5753 or comments. revenue law. Generally, tax returns and at Internal Revenue Service, Room 6526, tax return information are confidential, 1111 Constitution Avenue NW, SUMMARY: The Internal Revenue Service, Washington, DC 20224, or through the as required by 26 U.S.C. 6103. as part of its continuing effort to reduce internet at Martha.R.Brinson@irs.gov. Request for Comments: Comments paperwork and respondent burden, submitted in response to this notice will SUPPLEMENTARY INFORMATION: invites the general public and other be summarized and/or included in the Title: Low Sulfur Diesel Fuel Federal agencies to take this request for OMB approval. All Production Credit. opportunity to comment on proposed comments will become a matter of OMB Number: 1545–1914. and/or continuing information public record. Comments are invited on: Form Number: 8896. collections, as required by the Abstract: IRC section 45H allows (a) Whether the collection of Paperwork Reduction Act of 1995. small business refiners to claim a credit information is necessary for the proper Currently, the IRS is soliciting for the production of low sulfur diesel performance of the functions of the comments concerning Form 8717, User fuel. The American Jobs Creation Act of agency, including whether the Fee for Employee Plan Determination 2004 section 399 brought it into information shall have practical utility; Letter Request. existence. Form 8896 will allow (b) the accuracy of the agency’s estimate DATES: Written comments should be of the burden of the collection of taxpayers to use a standardized format received on or before May 18, 2018 to information; (c) ways to enhance the to claim this credit. be assured of consideration. quality, utility, and clarity of the Current Actions: There are no changes ADDRESSES: Direct all written comments information to be collected; (d) ways to being made to Form 8896 at this time. to Laurie Brimmer, Internal Revenue minimize the burden of the collection of Type of Review: Extension of a Service, Room 6526, 1111 Constitution information on respondents, including currently approved collection. Avenue NW, Washington, DC 20224. through the use of automated collection Affected Public: Business or other for- FOR FURTHER INFORMATION CONTACT: techniques or other forms of information profit. Requests for additional information or technology; and (e) estimates of capital Estimated Number of Respondents: copies of the form and instructions or start-up costs and costs of operation, 66. should be directed to LaNita Van Dyke maintenance, and purchase of services Estimated Time per Respondent: 3 hr., at (202)317–6009, Internal Revenue to provide information. 59 mins. Service, room 6526, 1111 Constitution Estimated Total Annual Burden Approved: March 12, 2018. Hours: 260. Avenue NW, Washington, DC 20224 or Laurie Brimmer, The following paragraph applies to all through the internet at Lanita.VanDyke@irs.gov. Senior Tax Analyst. of the collections of information covered SUPPLEMENTARY INFORMATION: [FR Doc. 2018–05538 Filed 3–16–18; 8:45 am] by this notice: Title: Form 8717, User Fee for BILLING CODE 4830–01–P An agency may not conduct or Employee Plan Determination Letter sponsor, and a person is not required to Request. respond to, a collection of information OMB Number: 1545–1772. DEPARTMENT OF THE TREASURY unless the collection of information Form Number: 8717. displays a valid OMB control number. Abstract: The Omnibus Reconciliation Internal Revenue Service Books or records relating to a collection Act of 1990 requires payment of a ‘‘user of information must be retained as long Proposed Collection; Comment as their contents may become material fee’’ with each application for a Request for Form 8896 sradovich on DSK3GMQ082PROD with NOTICES determination letter. Form 8717 was in the administration of any internal created to provide filers the means to AGENCY: Internal Revenue Service (IRS), revenue law. Generally, tax returns and make payment and indicate the type of Treasury. tax return information are confidential, request. ACTION: Notice and request for as required by 26 U.S.C. 6103. Current Actions: There is no change to comments. Request for Comments: Comments Form 8717. submitted in response to this notice will Type of Review: Extension of a SUMMARY: The Internal Revenue Service be summarized and/or included in the currently approved collection. (IRS), as part of its continuing effort to request for OMB approval. All VerDate Sep<11>2014 16:43 Mar 16, 2018 Jkt 244001 PO 00000 Frm 00127 Fmt 4703 Sfmt 4703 E:\FR\FM\19MRN1.SGM 19MRN1


Document Created: 2018-03-17 04:24:52
Document Modified: 2018-03-17 04:24:52
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 May 18, 2018 to be assured of consideration.
ContactRequests for additional information or copies of the form should be directed to Martha R. Brinson, at (202) 317-5753 or at Internal Revenue Service, Room 6526, 1111 Constitution Avenue NW, Washington, DC 20224, or through the internet at [email protected]
FR Citation83 FR 12079 
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