83 FR 15897 - Agency Information Collection Activities; Submission for OMB Review; Comment Request; Multiple IRS Information Requests

DEPARTMENT OF THE TREASURY

Federal Register Volume 83, Issue 71 (April 12, 2018)

The Department of the Treasury will submit the following information collection requests to the Office of Management and Budget (OMB) for review and clearance in accordance with the Paperwork Reduction Act of 1995, on or after the date of publication of this notice. The public is invited to submit comments on these requests.

[Federal Register Volume 83, Number 71 (Thursday, April 12, 2018)]
[Notices]
[Pages 15897-15898]
From the Federal Register Online  [www.thefederalregister.org]
[FR Doc No: 2018-07594]


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DEPARTMENT OF THE TREASURY


Agency Information Collection Activities; Submission for OMB 
Review; Comment Request; Multiple IRS Information Requests

AGENCY: Departmental Offices, U.S. Department of the Treasury.

ACTION: Notice.

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SUMMARY: The Department of the Treasury will submit the following 
information collection requests to the

[[Page 15898]]

Office of Management and Budget (OMB) for review and clearance in 
accordance with the Paperwork Reduction Act of 1995, on or after the 
date of publication of this notice. The public is invited to submit 
comments on these requests.

DATES: Comments should be received on or before May 14, 2018 to be 
assured of consideration.

ADDRESSES: Send comments regarding the burden estimate, or any other 
aspect of the information collection, including suggestions for 
reducing the burden, to (1) Office of Information and Regulatory 
Affairs, Office of Management and Budget, Attention: Desk Officer for 
Treasury, New Executive Office Building, Room 10235, Washington, DC 
20503, or email at [email protected] and (2) Treasury PRA 
Clearance Officer, 1750 Pennsylvania Ave. NW, Suite 8142, Washington, 
DC 20220, or email at [email protected].

FOR FURTHER INFORMATION CONTACT: Copies of the submissions may be 
obtained from Jennifer Quintana by emailing [email protected], calling 
(202) 622-0489, or viewing the entire information collection request at 
www.reginfo.gov.

SUPPLEMENTARY INFORMATION: 

Internal Revenue Service (IRS)

    1. Title: Employee Representative's Quarterly Railroad Tax Return.
    OMB Control Number: 1545-0002.
    Type of Review: Extension without change of a currently approved 
collection.
    Abstract: Employee representatives file Form CT-2 quarterly to 
report compensation on which railroad retirement taxes are due. IRS 
uses this information to ensure that employee representatives have paid 
the correct tax. Form CT-2 also transmits the tax payment.
    Form: CT-2.
    Affected Public: Individuals and Households.
    Estimated Total Annual Burden Hours: 132.
    2. Title: Revenue Procedure 2017-52; 2017-1; 2017-3, Rulings and 
determination letters--26 CFR 601-.201.
    OMB Control Number: 1545-1522.
    Type of Review: Extension without change of a currently approved 
collection.
    Abstract: Rev. Proc. 2017-52 (1) introduces a pilot program 
expanding the scope of letter rulings available from the Internal 
Revenue Service (Service) to include rulings on the tax consequences of 
a distribution of stock and securities of a controlled corporation 
under Sec.  355 for a specified period of time (see section 6 of this 
revenue procedure), (2) provides procedures for taxpayers requesting 
these rulings, and (3) clarifies procedures for taxpayers requesting 
rulings on significant issues relating to these transactions.
    These previously approved Revenue Procedures explain how the 
Service provides advice to taxpayers on issues under the jurisdiction 
of the Associate Chief Counsel (Corporate), the Associate Chief Counsel 
(Financial Institutions and Products), the Associate Chief Counsel 
(Income Tax and Accounting), the Associate Chief Counsel 
(International), the Associate Chief Counsel (Passthroughs and Special 
Industries), the Associate Chief Counsel (Procedure and 
Administration), and the Associate Chief Counsel (Tax Exempt and 
Government Entities). It explains the forms of advice and the manner in 
which advice is requested by taxpayers and provided by the Service. 
This information is required to evaluate and process the request for a 
letter ruling or determination letter.
    Form: None.
    Affected Public: Businesses or other for-profits.
    Estimated Total Annual Burden Hours: 326,436.

    Authority:  44 U.S.C. 3501 et seq.

    Dated: April 9, 2018.
Spencer W. Clark,
Treasury PRA Clearance Officer.
[FR Doc. 2018-07594 Filed 4-11-18; 8:45 am]
 BILLING CODE 4830-01-P