83_FR_24695 83 FR 24592 - Proposed Extension of Information Collection Request Submitted for Public Comment; Repayment of a Buyout Prior to Re-employment With the Federal Government

83 FR 24592 - Proposed Extension of Information Collection Request Submitted for Public Comment; Repayment of a Buyout Prior to Re-employment With the Federal Government

DEPARTMENT OF THE TREASURY
Internal Revenue Service

Federal Register Volume 83, Issue 103 (May 29, 2018)

Page Range24592-24593
FR Document2018-11388

The Internal Revenue Service, as part of its continuing effort to reduce paperwork and respondent burden, invites the 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. Currently, the IRS is soliciting comments concerning a notice regarding repayment of a buyout prior to re- employment with the Federal Government.

Federal Register, Volume 83 Issue 103 (Tuesday, May 29, 2018) 
[Federal Register Volume 83, Number 103 (Tuesday, May 29, 2018)]
[Notices]
[Pages 24592-24593]
From the Federal Register Online  [www.thefederalregister.org]
[FR Doc No: 2018-11388]


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DEPARTMENT OF THE TREASURY

Internal Revenue Service


Proposed Extension of Information Collection Request Submitted 
for Public Comment; Repayment of a Buyout Prior to Re-employment With 
the Federal Government

AGENCY: Internal Revenue Service (IRS), Treasury.

ACTION: Notice and request for comments.

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SUMMARY: The Internal Revenue Service, as part of its continuing effort 
to reduce paperwork and respondent burden, invites the 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. Currently, the IRS is soliciting comments 
concerning a notice regarding repayment of a buyout prior to re-
employment with the Federal Government.

DATES: Written comments should be received on or before July 30, 2018 
to be assured of consideration.

ADDRESSES: Direct all written comments to Roberto Mora-Figueroa, 
Internal Revenue Service, Room 6129, 1111 Constitution Avenue NW, 
Washington, DC 20224. Requests for additional information or copies of 
the regulations should be directed to R. Joseph Durbala, at Internal 
Revenue Service, Room 6129, 1111 Constitution Avenue NW, Washington, DC 
20224, or through the internet, at RJoseph.Durbala@irs.gov.

SUPPLEMENTARY INFORMATION: 
    Title: Repayment of a buyout prior to re-employment with the 
Federal Government.
    OMB Number: 1545-1920.
    Form Number: 12311.
    Abstract: This form requests applicants to certify if they ever 
worked for the Federal Government and if they received a Buyout within 
the last 5 years. This is to ensure that applicants who meet the 
criteria are counseled that they are required to pay back the entire 
Buyout prior to entering on duty with the IRS.
    Current Actions: There is no change to the burden previously 
approved.
    Type of Review: Extension of a currently approved collection.
    Affected Public: Individuals or households and Federal Government.
    Estimated Number of Respondents: 6,624.
    Estimated Time Per Respondent: 4.8 mins.
    Estimated Total Annual Burden Hours: 530.
    The following paragraph applies to all 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 if 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.

[[Page 24593]]

    Desired Focus of Comments: The Internal Revenue Service (IRS) is 
particularly interested in comments that:
     Evaluate whether the proposed collection of information is 
necessary for the proper performance of the functions of the agency, 
including whether the information will have practical utility;
     Evaluate the accuracy of the agency's estimate of the 
burden of the proposed collection of information, including the 
validity of the methodology and assumptions used;
     Enhance the quality, utility, and clarity of the 
information to be collected; and
     Minimize the burden of the collection of information on 
those who are to respond, including using appropriate automated, 
electronic, mechanical, or other technological collection techniques or 
other forms of information technology, e.g., by permitting electronic 
submissions of responses.
    Comments submitted in response to this notice will be summarized 
and/or included in the ICR for OMB approval of the extension of the 
information collection; they will also become a matter of public 
record.

    Approved: May 21, 2018.
R. Joseph Durbala,
IRS Tax Analyst.
[FR Doc. 2018-11388 Filed 5-25-18; 8:45 am]
 BILLING CODE 4830-01-P

24592 Federal Register / Vol. 83, No. 103 / Tuesday, May 29, 2018 / Notices safekeeping at a depository bank to 12 CFR 28.20(a)(1) Maintenance of paperwork and respondent burden, satisfy a foreign bank’s capital Assets—General Rule invites the public and other Federal equivalency deposit requirement must The OCC may require a foreign bank agencies to take this opportunity to be maintained pursuant to an agreement to hold certain assets in the state in comment on proposed and/or prescribed by the OCC that shall be a which its federal branch or agency is continuing information collections, as written agreement entered into with the located. required by the Paperwork Reduction OCC. Each federal branch or agency Act of 1995. Currently, the IRS is shall maintain a capital equivalency 12 CFR 28.22(e) Reports of Examination soliciting comments concerning a notice account and keep records of the amount The federal branch or agency shall regarding repayment of a buyout prior to of liabilities requiring capital send the OCC certification that all of its re-employment with the Federal equivalency coverage in a manner and Reports of Examination have been Government. form prescribed by the OCC. A foreign destroyed or return its Reports of DATES: Written comments should be bank’s capital equivalency deposits may Examination to the OCC. received on or before July 30, 2018 to be not be reduced in value below the Type of Review: Regular. assured of consideration. minimum required for that branch or Affected Public: Businesses or other for-profit. ADDRESSES: Direct all written comments agency without the prior approval of the to Roberto Mora-Figueroa, Internal OCC, but in no event may the value fall Estimated Number of Respondents: 52. Revenue Service, Room 6129, 1111 below the statutory minimum. Constitution Avenue NW, Washington, Estimated Total Annual Burden: 12 CFR 28.16(c) Deposit-Taking by an 2,286. DC 20224. Requests for additional Uninsured Federal Branch— Frequency of Response: On occasion. information or copies of the regulations Application for an Exemption The OCC issued a notice for 60 days should be directed to R. Joseph Durbala, of comment on February 2, 2018, 83 FR at Internal Revenue Service, Room 6129, A foreign bank may apply to the OCC 4956. No comments were received. 1111 Constitution Avenue NW, for an exemption to permit an Comments continue to be invited on: Washington, DC 20224, or through the uninsured federal branch to accept or (a) Whether the collection of internet, at RJoseph.Durbala@irs.gov. maintain deposit accounts that are not information is necessary for the proper SUPPLEMENTARY INFORMATION: listed in § 28.16(b). The request should performance of the functions of the Title: Repayment of a buyout prior to describe the types, sources, and OCC, including whether the information re-employment with the Federal estimated amount of such deposits and has practical utility; Government. explain why the OCC should grant an (b) The accuracy of the OCC’s OMB Number: 1545–1920. exemption, and how the exemption estimate of the burden of the collection Form Number: 12311. maintains and furthers the policies of information; Abstract: This form requests described in § 28.16(a). (c) Ways to enhance the quality, applicants to certify if they ever worked utility, and clarity of the information to for the Federal Government and if they 12 CFR 28.16(d) Deposit-Taking by an be collected; received a Buyout within the last 5 Uninsured Federal Branch— (d) Ways to minimize the burden of years. This is to ensure that applicants Aggregation of Deposits the collection on respondents, including who meet the criteria are counseled that through the use of automated collection they are required to pay back the entire A foreign bank that has more than one techniques or other forms of information federal branch in the same state may Buyout prior to entering on duty with technology; and the IRS. aggregate deposits in all of its federal (e) Estimates of capital or start-up branches in that state, but exclude Current Actions: There is no change to costs and costs of operation, deposits of other branches, agencies, or the burden previously approved. maintenance, and purchase of services Type of Review: Extension of a wholly owned subsidiaries of the bank. to provide information. currently approved collection. The federal branch shall compute the Dated: May 22, 2018. Affected Public: Individuals or average amount by using the sum of Karen Solomon, households and Federal Government. deposits as of the close of business of Acting Senior Deputy Comptroller and Chief Estimated Number of Respondents: the last 30 calendar days ending with, Counsel. 6,624. and including, the last day of the Estimated Time Per Respondent: 4.8 [FR Doc. 2018–11428 Filed 5–25–18; 8:45 am] calendar quarter, divided by 30. The mins. BILLING CODE 4810–33–P federal branch shall maintain records of Estimated Total Annual Burden the calculation until its next Hours: 530. examination by the OCC. The following paragraph applies to all DEPARTMENT OF THE TREASURY 12 CFR 28.18(c)(1) Recordkeeping and the collections of information covered Reporting—Maintenance of Accounts, Internal Revenue Service by this notice: Books, and Records An agency may not conduct or Proposed Extension of Information sponsor, and a person is not required to Each federal branch or agency shall Collection Request Submitted for respond to, a collection of information maintain a set of accounts and records Public Comment; Repayment of a unless the collection of information reflecting its transactions that are Buyout Prior to Re-employment With displays a valid OMB control number. separate from those of the foreign bank the Federal Government Books or records relating to a daltland on DSKBBV9HB2PROD with NOTICES and any other branch or agency. The AGENCY: Internal Revenue Service (IRS), collection of information must be federal branch or agency shall keep a set Treasury. retained if their contents may become of accounts and records in English ACTION: Notice and request for material in the administration of any sufficient to permit the OCC to examine comments. internal revenue law. Generally, tax the condition of the federal branch or returns and tax return information are agency and its compliance with SUMMARY: The Internal Revenue Service, confidential, as required by 26 U.S.C. applicable laws and regulations. as part of its continuing effort to reduce 6103. VerDate Sep<11>2014 16:39 May 25, 2018 Jkt 244001 PO 00000 Frm 00136 Fmt 4703 Sfmt 4703 E:\FR\FM\29MYN1.SGM 29MYN1

Federal Register / Vol. 83, No. 103 / Tuesday, May 29, 2018 / Notices 24593 Desired Focus of Comments: The DATES: Written comments should be for the proper performance of the Internal Revenue Service (IRS) is received on or before July 30, 2018 to be functions of the agency, including particularly interested in comments assured of consideration. whether the information will have that: ADDRESSES: Direct all written comments practical utility; • Evaluate whether the proposed to Roberto Mora-Figueroa, Internal • Evaluate the accuracy of the collection of information is necessary Revenue Service, Room 6129, 1111 agency’s estimate of the burden of the for the proper performance of the Constitution Avenue NW, Washington, proposed collection of information, functions of the agency, including DC 20224. Requests for additional including the validity of the whether the information will have information or copies of the regulations methodology and assumptions used; practical utility; should be directed to R. Joseph Durbala, • Enhance the quality, utility, and • Evaluate the accuracy of the at Internal Revenue Service, Room 6129, clarity of the information to be agency’s estimate of the burden of the 1111 Constitution Avenue NW, collected; and proposed collection of information, Washington, DC 20224, or through the • Minimize the burden of the including the validity of the internet, at RJoseph.Durbala@irs.gov. collection of information on those who methodology and assumptions used; SUPPLEMENTARY INFORMATION: are to respond, including using Title: Returns Required on Magnetic appropriate automated, electronic, • Enhance the quality, utility, and mechanical, or other technological clarity of the information to be Media. OMB Number: 1545–0957. collection techniques or other forms of collected; and Regulation Project Number: Form information technology, e.g., by • Minimize the burden of the 8508. permitting electronic submissions of collection of information on those who Abstract: Section 6011(e)(2)(A) of the responses. are to respond, including using Internal Revenue Code, as amended by Comments submitted in response to appropriate automated, electronic, Section 7713 of the Revenue this notice will be summarized and/or mechanical, or other technological Reconciliation Act of 1989, Public Law included in the ICR for OMB approval collection techniques or other forms of 101 239 (1989), 103 Stat. 2106, requires of the extension of the information information technology, e.g., by certain filers of information returns to collection; they will also become a permitting electronic submissions of report these on magnetic media. Filers matter of public record. responses. who seek relief from this requirement Approved: May 21, 2018. Comments submitted in response to can use Form 8508 to request a waiver R. Joseph Durbala, this notice will be summarized and/or for a specific time. After evaluating the IRS Tax Analyst. included in the ICR for OMB approval request, IRS will notify the taxpayer as [FR Doc. 2018–11390 Filed 5–25–18; 8:45 am] of the extension of the information to whether the request is approved or denied. BILLING CODE 4830–01–P collection; they will also become a matter of public record. Current Actions: There is no change to Approved: May 21, 2018. the burden previously approved. Type of Review: Extension of a DEPARTMENT OF THE TREASURY R. Joseph Durbala, currently approved collection. IRS Tax Analyst. Affected Public: Business or other for- Internal Revenue Service [FR Doc. 2018–11388 Filed 5–25–18; 8:45 am] profit organizations, farms, Federal Proposed Extension of Information BILLING CODE 4830–01–P government, and State, local or tribal Collection Request Submitted for governments, and Not-for-Profit Public Comment; Section 103- Organizations. Remedial Payment Closing Agreement DEPARTMENT OF THE TREASURY Estimated Number of Respondents: Program 1,000. Internal Revenue Service Estimated Time per Respondent: 15 AGENCY: Internal Revenue Service (IRS), min. Treasury. Proposed Extension of Information Estimated Total Annual Burden Collection Request Submitted for ACTION: Notice and request for Hours: 750. comments. Public Comment; Form 8508, Request The following paragraph applies to all for Waiver From Filing Information the collections of information covered SUMMARY: The Internal Revenue Service, Returns Electronically by this notice: as part of its continuing effort to reduce An agency may not conduct or paperwork and respondent burden, AGENCY: Internal Revenue Service (IRS), sponsor, and a person is not required to Treasury. invites the public and other Federal respond to, a collection of information agencies to take this opportunity to Notice and request for ACTION: unless the collection of information comment on proposed and/or comments. displays a valid OMB control number. continuing information collections, as Books or records relating to a collection required by the Paperwork Reduction SUMMARY: The Internal Revenue Service, of information must be retained if their Act of 1995. Currently, the IRS is as part of its continuing effort to reduce contents may become material in the soliciting comments concerning paperwork and respondent burden, administration of any internal revenue Revenue Procedure 97–15, section 103- invites the public and other Federal law. Generally, tax returns and tax Remedial Payment Closing Agreement agencies to take this opportunity to return information are confidential, as Program. daltland on DSKBBV9HB2PROD with NOTICES comment on proposed and/or required by 26 U.S.C. 6103. continuing information collections, as Desired Focus of Comments: The DATES: Written comments should be required by the Paperwork Reduction Internal Revenue Service (IRS) is received on or before July 30, 2018 to be Act of 1995. Currently, the IRS is particularly interested in comments assured of consideration. soliciting comments concerning Form that: ADDRESSES: Direct all written comments 8508, Request for Waiver from Filing • Evaluate whether the proposed to Roberto Mora-Figueroa, Internal Information Returns Electronically. collection of information is necessary Revenue Service, Room 6129, 1111 VerDate Sep<11>2014 16:39 May 25, 2018 Jkt 244001 PO 00000 Frm 00137 Fmt 4703 Sfmt 4703 E:\FR\FM\29MYN1.SGM 29MYN1


Document Created: 2018-05-26 00:48:30
Document Modified: 2018-05-26 00:48:30
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 July 30, 2018 to be assured of consideration.
FR Citation83 FR 24592 
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