83_FR_13408
Page Range | 13348-13349 | |
FR Document | 2018-06237 |
[Federal Register Volume 83, Number 60 (Wednesday, March 28, 2018)] [Notices] [Pages 13348-13349] From the Federal Register Online [www.thefederalregister.org] [FR Doc No: 2018-06237] ----------------------------------------------------------------------- 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. ----------------------------------------------------------------------- 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 international boycott report. DATES: Written comments should be received on or before May 29, 2018 to be assured of consideration. ADDRESSES: Direct all written comments to Laurie 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 form 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: International Boycott Report. OMB Number: 1545-0216. Form Number(s): 5713 and Schedules A, B, and C (Form 5713). Abstract: Form 5713 and related Schedules A, B, and C are used by any entity that has operations in a ``boycotting'' country. If that entity cooperates with or participates in an international boycott, it may lose a portion of the following benefits: the foreign tax credit, deferral of income of a controlled foreign corporation, deferral of income of a domestic international sales corporation, or deferral of income of a foreign sales corporation. The IRS uses Form 5713 to determine if any of these benefits should be lost. The information is also used as the basis for a report to the Congress. Current Actions: There have been no changes to the forms that would increase burden. However, the agency has updated its estimated number of responses for each form based on recent filing data. Type of Review: Revision of a currently approved collection. Affected Public: Business or other for-profit organizations. Form 5713 Estimated Number of Respondents: 4,822. Estimated Time Per Respondent: 28.37 hours. Schedule A (Form 5713) Estimated Number of Respondents: 244. Estimated Time Per Respondent: 3.57 hours. Schedule B (Form 5713) Estimated Number of Respondents: 280. Estimated Time Per Respondent: 7.46 hours. Schedule C (Form 5713) Estimated Number of Respondents: 226. Estimated Time Per Respondent: 9 hours. [[Page 13349]] Estimated Total Annual Burden Hours: 143,498, 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: March 20, 2018. Laurie Brimmer, Senior Tax Analyst. [FR Doc. 2018-06237 Filed 3-27-18; 8:45 am] BILLING CODE 4830-01-P
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 May 29, 2018 to be assured of consideration. | |
Contact | Requests for additional information or copies of the form 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 | 83 FR 13348 |