83 FR 24948 - Filing Requirements for Information Returns Required on Magnetic Media (Electronically)
DEPARTMENT OF THE TREASURY
Internal Revenue Service Federal Register Volume 83, Issue 105 (May 31, 2018)
Internal Revenue Service
Federal Register Volume 83, Issue 105 (May 31, 2018)
| Page Range | 24948-24950 | |
| FR Document | 2018-11749 |
[Federal Register Volume 83, Number 105 (Thursday, May 31, 2018)] [Proposed Rules] [Pages 24948-24950] From the Federal Register Online [www.thefederalregister.org] [FR Doc No: 2018-11749] ======================================================================== Proposed Rules Federal Register ________________________________________________________________________ This section of the FEDERAL REGISTER contains notices to the public of the proposed issuance of rules and regulations. The purpose of these notices is to give interested persons an opportunity to participate in the rule making prior to the adoption of the final rules. ======================================================================== Federal Register / Vol. 83, No. 105 / Thursday, May 31, 2018 / Proposed Rules [[Page 24948]] DEPARTMENT OF THE TREASURY Internal Revenue Service 26 CFR Part 301 [REG-102951-16] RIN 1545-BN36 Filing Requirements for Information Returns Required on Magnetic Media (Electronically) AGENCY: Internal Revenue Service (IRS), Treasury. ACTION: Notice of proposed rulemaking. ----------------------------------------------------------------------- SUMMARY: This document contains proposed regulations amending the rules for determining whether information returns must be filed using magnetic media (electronically). The proposed regulations would require that all information returns, regardless of type, be taken into account to determine whether a person meets the 250-return threshold and, therefore, must file the information returns electronically. The proposed regulations also would require any person required to file information returns electronically to file corrected information returns electronically, regardless of the number of corrected information returns being filed. The proposed regulations will affect persons required to file information returns. DATES: Written or electronic comments and requests for a public hearing must be received by July 30, 2018. ADDRESSES: Send submissions to: CC:PA:LPD:PR (REG-102951-16), Room 5205, Internal Revenue Service, P.O. Box 7604, Ben Franklin Station, Washington, DC 20044. Submissions may be hand-delivered Monday through Friday between the hours of 8:00 a.m. and 4:00 p.m. to CC:PA:LPD:PR (REG-102951-16), Courier's Desk, Internal Revenue Service, 1111 Constitution Avenue NW, Washington, DC 20224. Alternatively, persons may submit comments electronically via the Federal eRulemaking Portal at http://www.regulations.gov (IRS REG-102951-16). FOR FURTHER INFORMATION CONTACT: Concerning the proposed regulations, Michael Hara, (202) 317-6845; concerning the submission of comments and requests for a public hearing, Regina L. Johnson, (202) 317-5177 (not toll-free calls). SUPPLEMENTARY INFORMATION: Background This document contains proposed amendments to the Regulations on Procedure and Administration (26 CFR part 301) under section 6011(e) relating to the filing of information returns on magnetic media. Section 6011(e) authorizes the Secretary to prescribe regulations regarding the filing of returns on magnetic media. Section 6011(e)(2)(A) prohibits the Secretary from requiring persons to file returns on magnetic media unless the person is required to file at least 250 returns during the calendar year. Section 6011(e)(2)(B) provides that, in prescribing regulations, the Secretary shall consider the taxpayer's ability to comply at reasonable cost with the regulations' requirements. Section 301.6011-2(a)(1) provides that magnetic media includes any magnetic media permitted under the applicable regulations, revenue procedures, or publications, or, in the case of returns filed with the Social Security Administration, any magnetic media permitted under Social Security Administration publications, including electronic filing. Section 301.6011-2 provides rules for when information returns described in Sec. 301.6011-2(b), such as Form 1042-S, ``Foreign Person's U.S. Source Income Subject to Withholding;'' forms in the 1099 series; and Form W-2, ``Wage and Tax Statement,'' must be filed electronically. Under Sec. 301.6011-2(c), a person is not required to file a type of information return covered by Sec. 301.6011-2(b) electronically unless the person is required to file 250 or more such returns during the calendar year. Sections 301.6011-2(c)(1)(i) and (iii) and the Examples in Sec. 301.6011-2(c)(1)(iv) describe that the 250-return threshold applies separately to each type of information return and each type of corrected information return filed, and, therefore, the forms are not aggregated for purposes of determining whether the 250-return threshold is satisfied. Section 301.6011-2(c)(2) allows the Commissioner to waive the requirement to file electronically if the request for waiver demonstrates hardship and provides that the principal factor in determining hardship will be the extent, if any, to which the cost of electronic filing exceeds the cost of filing on other media. When the rules for determining the 250-return threshold, including the rule providing that each type of information return is counted separately and not aggregated, were originally published, electronic filing was in the early stages of development and was not as commonly used as it is today. The non-aggregation rule helped to reduce cost and ease burden on taxpayers, given the existing limits on technology and accessibility to such technology. Since then, significant advances in technology have made electronic filing more prevalent and accessible. As a result, electronic filing is less costly and most often easier than paper filing. In fact, most information returns are filed electronically. In tax year 2015, approximately 98 percent of information returns were filed electronically. In tax year 2016, the percentage of information returns filed electronically rose to 98.5 percent. Advances in tax return preparation software, as well as the prevalence of tax return preparers and third-party service providers who offer information return preparation and electronic filing, have also contributed to the increase in electronic filing. The concerns regarding taxpayer burden and cost associated with electronic filing have been significantly mitigated since the non- aggregation rule in Sec. 301.6011-2(c)(1)(i) and (iii) of the regulations was first published. Therefore, determining the 250-return threshold on a form-by-form basis without aggregation is no longer necessary to relieve taxpayer burden and cost. Accordingly, these regulations simplify the rules for determining the 250-return threshold by requiring aggregation of all information returns covered by Sec. 301.6011-2(b) for purposes of determining the 250-return threshold. In addition, these regulations provide that corrected information returns must be filed electronically if the original information returns were filed electronically. These rule changes will help facilitate efficient and effective tax administration. [[Page 24949]] Explanation of Provisions These proposed regulations remove the non-aggregation rule in Sec. 301.6011-2(c)(1)(iii) that counts the number of information returns required to be filed on a form-by-form basis. The proposed regulations add a new paragraph (4) to Sec. 301.6011-2(b) to provide that if during a calendar year a person is required to file a total of 250 or more information returns of any type covered by Sec. 301.6011-2(b), the person is required to file those information returns electronically. For example, under these proposed regulations, if a person is required to file 200 Forms 1099-INT, ``Interest Income,'' and 200 Forms 1099-DIV, that person must file all Forms 1099-INT and Forms 1099-DIV electronically because that person is required to file, in the aggregate, at least 250 information returns covered by Sec. 301.6011- 2(b). Corrected information returns are not taken into account in determining whether the 250-return threshold is met under proposed Sec. 301.6011-2(b)(4) for purposes of determining whether information returns covered by Sec. 301.6011-2(b) must be filed electronically. Examples in proposed Sec. 301.6011-2(c)(1)(iv) illustrate this rule. The proposed regulations also provide that corrected information returns covered by Sec. 301.6011-2(b) must be filed electronically if the information returns originally filed for the calendar year are required to be filed electronically. If fewer than 250 returns covered by Sec. 301.6011-2(b) are required to be filed for the calendar year, the original returns for the calendar year, as well as the corrected returns for the calendar year, are not required to be filed electronically. See proposed Sec. 301.6011-2(c)(1)(iv), Example 4. The proposed regulations also amend Sec. 301.6721-1(a)(2)(ii) regarding the penalty for failure to file correct information returns to remove references to the prior rule for determining the number of returns on a form-by-form basis and the prior corrected return rule. The proposed regulations do not amend the existing regulations allowing persons who are required to file returns electronically to request a waiver of the electronic-filing requirement. See Sec. 301.6011-2(c)(2). This waiver authority will be exercised so as not to unduly burden taxpayers lacking the necessary data-processing capabilities or access to return preparers and third-party service providers at a reasonable cost. Proposed Effective/Applicability Date These proposed regulations will be effective on the date of the publication of the Treasury Decision adopting these rules as final in the Federal Register. However, to give information-return filers sufficient time to comply with these regulations, these proposed regulations will not apply to information returns required to be filed before January 1, 2019. Accordingly, these proposed regulations provide that Sec. Sec. 301.6011-2(b)(4) and 301.6721-1(a)(2)(ii), as amended, will be effective for information returns required to be filed after December 31, 2018. Section 301.6011-2(b)(5), as amended, will be effective for corrected information returns filed after December 31, 2018. Special Analyses This regulation is not subject to review under section 6(b) of Executive Order 12866 pursuant to the Memorandum of Agreement (April 11, 2018) between the Department of the Treasury and the Office of Management and Budget regarding review of tax regulations. When the Internal Revenue Service issues a proposed rulemaking imposing a collection of information requirement on small entities, the Regulatory Flexibility Act (RFA) requires the agency to ``prepare and make available for public comment an initial regulatory flexibility analysis,'' which will ``describe the impact of the proposed rule on small entities.'' 5 U.S.C. 603(a). Section 605(b) of the RFA allows an agency to certify a rule, in lieu of preparing an analysis, if the proposed rulemaking is not expected to have a significant economic impact on a substantial number of small entities. This proposed rule directly affects information-return filers that file more than 250 returns of any type covered by Sec. 301.6011-2(b), which includes a substantial number of small entities. However, the IRS has determined that the economic impact on small entities affected by the proposed rule would not be significant. Under sections 6011(e) and Sec. 301.6011-2(c)(1), information-return filers already must file information returns electronically if during a calendar year a person is required to file a total of 250 or more information returns of any type covered by Sec. 301.6011-2(b). The proposed rule merely amends the method of counting those 250 returns to determine if the 250-return threshold is met. Information filers may request a waiver of the electronic-filing requirement if they lack the necessary data- processing capabilities or access to return preparers and third-party service providers at a reasonable cost, and the IRS routinely grants meritorious hardship waiver requests. Accordingly, the burden on the limited number of small entities that are not currently filing electronically will be slight, and small entities that would experience a hardship because of this proposed rule may seek a waiver. The Commissioner of the IRS hereby certifies that this rule will not have a significant economic impact on a substantial number of small entities. The IRS invites comment from members of the public who believe there will be a significant impact on small information return filers. Pursuant to section 7805(f) of the Code, this notice of proposed rulemaking has been submitted to the Chief Counsel for Advocacy of the Small Business Administration for comment on its impact on small business. Comments and Requests for Public Hearing Before these proposed regulations are adopted as final regulations, consideration will be given to any electronic and written comments that are submitted timely to the IRS as prescribed in this preamble under the ADDRESSES heading. The Treasury Department and the IRS request comments on all aspects of the proposed rules. All comments will be available at www.regulations.gov or upon request. A public hearing will be scheduled if requested in writing by any person that timely submits written comments. If a public hearing is scheduled, then notice of the date, time, and place for the public hearing will be published in the Federal Register. Drafting Information The principal author of these proposed regulations is Michael Hara of the Office of the Associate Chief Counsel (Procedure and Administration). List of Subjects in 26 CFR Part 301 Income taxes, Penalties, Reporting and recordkeeping requirements. Proposed Amendments to the Regulations Accordingly, 26 CFR part 301 is proposed to be amended as follows: PART 301--PROCEDURE AND ADMINISTRATION 0 Paragraph 1. The authority citation for part 301 is amended by adding a sectional authority for 301.6721-1 to read as follows: [[Page 24950]] Authority: 26 U.S.C. 7805 * * * * * * * * Section 301.6721-1 is also issued under 26 U.S.C. 6011(e). * * * * * 0 Par. 2. Section 301.6011-2 is amended as follows: 0 a. Paragraphs (b)(4) through (6) are added. 0 b. Paragraphs (c)(1)(iii) and (iv) are removed. 0 c. Paragraph (g)(2) is revised. The additions and revisions read as follows: Sec. 301.6011-2 Required use of magnetic media. * * * * * (b) * * * (4) Aggregation of returns. For purposes of determining whether the number of returns a person is required to file meets the 250-return threshold under paragraph (c)(1)(i) of this section, all types of returns covered by paragraphs (b)(1) and (2) of this section required to be filed during the calendar year are aggregated. Corrected returns are not taken into account in determining whether the 250-return threshold is met. (5) Corrected returns. Any person required to file returns covered by paragraphs (b)(1) and (2) of this section on magnetic media for a calendar year must file corrected returns covered by paragraphs (b)(1) and (2) of this section for such calendar year on magnetic media. (6) Examples. The provisions of paragraphs (b)(4) and (5) of this section are illustrated by the following examples: Example 1. For the 2018 calendar year, Company W is required to file 200 Forms 1099-INT, ``Interest Income,'' and 200 Forms 1099- DIV, ``Dividends and Distributions,'' for a total of 400 returns. Because Company W is required to file 250 or more returns covered by paragraphs (b)(1) and (2) of this section for the calendar year, Company W must file all Forms 1099-INT and Forms 1099-DIV electronically. Example 2. During the 2018 calendar year, Company X has 200 employees in Puerto Rico and 75 employees in American Samoa, for a total of 275 returns. Because Company X is required to file 250 or more returns covered by paragraphs (b)(1) and (2) of this section for the calendar year, Company X must file Forms 499R-2/W-2PR, ``Commonwealth of Puerto Rico Withholding Statement,'' and Forms W- 2AS, ``American Samoa Wage and Tax Statement,'' electronically. Example 3. For the 2018 calendar year, Company Y files 300 original Forms 1099-MISC, ``Miscellaneous Income.'' Later, Company Y files 70 corrected Forms 1099-MISC for the 2018 calendar year. Because Company Y is required to file 250 or more returns covered by paragraphs (b)(1) and (2) of this section for the calendar year, Company Y must file its original 300 Forms 1099-MISC, as well as its 70 corrected Forms 1099-MISC for the 2018 calendar year, electronically. * * * * * (g) * * * (2) Paragraphs (a)(1), (b)(1) and (2), (c)(1)(i), (c)(2), (d), (e), and (f) of this section are effective for information returns required to be filed after December 31, 1996. For information returns required to be filed after December 31, 1989, and before January 1, 1997, see section 6011(e) [26 U.S.C. 6011(e)]. Paragraph (b)(4) of this section is effective for information returns required to be filed after December 31, 2018. Paragraph (b)(5) of this section is effective for corrected information returns filed after December 31, 2018. * * * * * 0 Par. 3. Section 301.6721-1 is amended as follows: 0 a. By removing the fifth through seventh sentences in paragraph (a)(2)(ii). 0 b. Adding paragraph (h). The revisions and addition reads as follows: Sec. 301.6721-1 Failure to file correct information returns. * * * * * (h) Effective dates. Paragraph (a)(2)(ii) of this section is effective for information returns required to be filed after December 31, 2018. Kirsten Wielobob Deputy Commissioner for Services and Enforcement. [FR Doc. 2018-11749 Filed 5-30-18; 8:45 am] BILLING CODE 4830-01-P
![24948
Proposed Rules Federal Register
Vol. 83, No. 105
Thursday, May 31, 2018
This section of the FEDERAL REGISTER FOR FURTHER INFORMATION CONTACT: Section 301.6011–2(c)(2) allows the
contains notices to the public of the proposed Concerning the proposed regulations, Commissioner to waive the requirement
issuance of rules and regulations. The Michael Hara, (202) 317–6845; to file electronically if the request for
purpose of these notices is to give interested concerning the submission of comments waiver demonstrates hardship and
persons an opportunity to participate in the and requests for a public hearing, provides that the principal factor in
rule making prior to the adoption of the final
rules.
Regina L. Johnson, (202) 317–5177 (not determining hardship will be the extent,
toll-free calls). if any, to which the cost of electronic
SUPPLEMENTARY INFORMATION: filing exceeds the cost of filing on other
DEPARTMENT OF THE TREASURY media.
Background When the rules for determining the
Internal Revenue Service This document contains proposed 250-return threshold, including the rule
amendments to the Regulations on providing that each type of information
26 CFR Part 301 Procedure and Administration (26 CFR return is counted separately and not
[REG–102951–16] part 301) under section 6011(e) relating aggregated, were originally published,
to the filing of information returns on electronic filing was in the early stages
RIN 1545–BN36 magnetic media. Section 6011(e) of development and was not as
authorizes the Secretary to prescribe commonly used as it is today. The non-
Filing Requirements for Information regulations regarding the filing of aggregation rule helped to reduce cost
Returns Required on Magnetic Media returns on magnetic media. and ease burden on taxpayers, given the
(Electronically) Section 6011(e)(2)(A) prohibits the existing limits on technology and
AGENCY: Internal Revenue Service (IRS), Secretary from requiring persons to file accessibility to such technology. Since
Treasury. returns on magnetic media unless the then, significant advances in technology
ACTION: Notice of proposed rulemaking. person is required to file at least 250 have made electronic filing more
returns during the calendar year. prevalent and accessible. As a result,
SUMMARY: This document contains Section 6011(e)(2)(B) provides that, in electronic filing is less costly and most
proposed regulations amending the prescribing regulations, the Secretary often easier than paper filing. In fact,
rules for determining whether shall consider the taxpayer’s ability to most information returns are filed
information returns must be filed using comply at reasonable cost with the electronically. In tax year 2015,
magnetic media (electronically). The regulations’ requirements. Section approximately 98 percent of information
proposed regulations would require that 301.6011–2(a)(1) provides that magnetic returns were filed electronically. In tax
all information returns, regardless of media includes any magnetic media year 2016, the percentage of information
type, be taken into account to determine permitted under the applicable returns filed electronically rose to 98.5
whether a person meets the 250-return regulations, revenue procedures, or percent. Advances in tax return
threshold and, therefore, must file the publications, or, in the case of returns preparation software, as well as the
information returns electronically. The filed with the Social Security prevalence of tax return preparers and
proposed regulations also would require Administration, any magnetic media third-party service providers who offer
any person required to file information permitted under Social Security information return preparation and
returns electronically to file corrected Administration publications, including electronic filing, have also contributed
information returns electronically, electronic filing. to the increase in electronic filing.
regardless of the number of corrected Section 301.6011–2 provides rules for The concerns regarding taxpayer
information returns being filed. The when information returns described in burden and cost associated with
proposed regulations will affect persons § 301.6011–2(b), such as Form 1042–S, electronic filing have been significantly
required to file information returns. ‘‘Foreign Person’s U.S. Source Income mitigated since the non-aggregation rule
DATES: Written or electronic comments Subject to Withholding;’’ forms in the in § 301.6011–2(c)(1)(i) and (iii) of the
and requests for a public hearing must 1099 series; and Form W–2, ‘‘Wage and regulations was first published.
be received by July 30, 2018. Tax Statement,’’ must be filed Therefore, determining the 250-return
ADDRESSES: Send submissions to: electronically. Under § 301.6011–2(c), a threshold on a form-by-form basis
CC:PA:LPD:PR (REG–102951–16), Room person is not required to file a type of without aggregation is no longer
5205, Internal Revenue Service, P.O. information return covered by necessary to relieve taxpayer burden
Box 7604, Ben Franklin Station, § 301.6011–2(b) electronically unless and cost. Accordingly, these regulations
Washington, DC 20044. Submissions the person is required to file 250 or simplify the rules for determining the
may be hand-delivered Monday through more such returns during the calendar 250-return threshold by requiring
Friday between the hours of 8:00 a.m. year. Sections 301.6011–2(c)(1)(i) and aggregation of all information returns
and 4:00 p.m. to CC:PA:LPD:PR (REG– (iii) and the Examples in § 301.6011– covered by § 301.6011–2(b) for purposes
pmangrum on DSK30RV082PROD with PROPOSALS
102951–16), Courier’s Desk, Internal 2(c)(1)(iv) describe that the 250-return of determining the 250-return threshold.
Revenue Service, 1111 Constitution threshold applies separately to each In addition, these regulations provide
Avenue NW, Washington, DC 20224. type of information return and each type that corrected information returns must
Alternatively, persons may submit of corrected information return filed, be filed electronically if the original
comments electronically via the Federal and, therefore, the forms are not information returns were filed
eRulemaking Portal at http:// aggregated for purposes of determining electronically. These rule changes will
www.regulations.gov (IRS REG–102951– whether the 250-return threshold is help facilitate efficient and effective tax
16). satisfied. administration.
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![24950 Federal Register / Vol. 83, No. 105 / Thursday, May 31, 2018 / Proposed Rules
Authority: 26 U.S.C. 7805 * * * returns covered by paragraphs (b)(1) and (2) fireworks display on June 30, 2018. This
* * * * * of this section for the calendar year, proposed rulemaking would prohibit
Section 301.6721–1 is also issued under 26 Company Y must file its original 300 Forms persons and vessels from being in the
U.S.C. 6011(e). 1099–MISC, as well as its 70 corrected Forms safety zone unless authorized by the
1099–MISC for the 2018 calendar year,
* * * * * electronically.
Captain of the Port Hampton Roads or
■ Par. 2. Section 301.6011–2 is a designated representative. We invite
* * * * * your comments on this proposed
amended as follows:
■ a. Paragraphs (b)(4) through (6) are
(g) * * * rulemaking.
(2) Paragraphs (a)(1), (b)(1) and (2),
added.
(c)(1)(i), (c)(2), (d), (e), and (f) of this DATES: Comments and related material
■ b. Paragraphs (c)(1)(iii) and (iv) are
section are effective for information must be received by the Coast Guard on
removed.
returns required to be filed after or before June 7, 2018.
■ c. Paragraph (g)(2) is revised.
The additions and revisions read as December 31, 1996. For information ADDRESSES: You may submit comments
follows: returns required to be filed after identified by docket number USCG–
December 31, 1989, and before January 2018–0330 using the Federal
§ 301.6011–2 Required use of magnetic 1, 1997, see section 6011(e) [26 U.S.C. eRulemaking Portal at http://
media. 6011(e)]. Paragraph (b)(4) of this section www.regulations.gov. See the ‘‘Public
* * * * * is effective for information returns Participation and Request for
(b) * * * required to be filed after December 31, Comments’’ portion of the
(4) Aggregation of returns. For 2018. Paragraph (b)(5) of this section is SUPPLEMENTARY INFORMATION section for
purposes of determining whether the effective for corrected information further instructions on submitting
number of returns a person is required returns filed after December 31, 2018. comments.
to file meets the 250-return threshold * * * * *
under paragraph (c)(1)(i) of this section, ■ Par. 3. Section 301.6721–1 is
FOR FURTHER INFORMATION CONTACT: If
all types of returns covered by amended as follows: you have questions about this proposed
paragraphs (b)(1) and (2) of this section ■ a. By removing the fifth through
rulemaking, call or email LCDR Barbara
required to be filed during the calendar seventh sentences in paragraph (a)(2)(ii). Wilk, Waterways Management Division
year are aggregated. Corrected returns ■ b. Adding paragraph (h).
Chief, Sector Hampton Roads, U.S.
are not taken into account in The revisions and addition reads as Coast Guard; telephone 757–668–5580,
determining whether the 250-return follows: email HamptonRoadsWaterways@
threshold is met. uscg.mil.
(5) Corrected returns. Any person § 301.6721–1 Failure to file correct
information returns. SUPPLEMENTARY INFORMATION:
required to file returns covered by
paragraphs (b)(1) and (2) of this section * * * * * I. Table of Abbreviations
on magnetic media for a calendar year (h) Effective dates. Paragraph (a)(2)(ii) CFR Code of Federal Regulations
must file corrected returns covered by of this section is effective for COTP Captain of the Port
paragraphs (b)(1) and (2) of this section information returns required to be filed DHS Department of Homeland Security
for such calendar year on magnetic after December 31, 2018. FR Federal Register
media. NPRM Notice of proposed rulemaking
Kirsten Wielobob § Section
(6) Examples. The provisions of Deputy Commissioner for Services and U.S.C. United States Code
paragraphs (b)(4) and (5) of this section Enforcement.
are illustrated by the following [FR Doc. 2018–11749 Filed 5–30–18; 8:45 am]
II. Background, Purpose, and Legal
examples: Basis
BILLING CODE 4830–01–P
Example 1. For the 2018 calendar year, On March 27, 2018, the Hopewell
Company W is required to file 200 Forms Recreation and Parks Department
1099–INT, ‘‘Interest Income,’’ and 200 Forms
1099–DIV, ‘‘Dividends and Distributions,’’ DEPARTMENT OF HOMELAND notified the Coast Guard that it will be
for a total of 400 returns. Because Company SECURITY conducting a fireworks display from
W is required to file 250 or more returns approximately 9:30 to 9:45 p.m. on June
covered by paragraphs (b)(1) and (2) of this Coast Guard 30, 2018, to serve as the city of
section for the calendar year, Company W Hopewell’s Fourth of July celebration.
must file all Forms 1099–INT and Forms 33 CFR Part 165 The fireworks are to be launched from
1099–DIV electronically. a barge in the Appomattox River near
[Docket Number USCG–2018–0330]
Example 2. During the 2018 calendar year, City Point. Potential hazards from
Company X has 200 employees in Puerto RIN 1625–AA00 firework displays include accidental
Rico and 75 employees in American Samoa,
for a total of 275 returns. Because Company
discharge of fireworks, dangerous
Safety Zone; Appomattox River,
X is required to file 250 or more returns projectiles, and falling hot embers or
Hopewell, VA
covered by paragraphs (b)(1) and (2) of this other debris. The Captain of the Port
section for the calendar year, Company X AGENCY: Coast Guard, DHS. Hampton Roads (COTP) has determined
must file Forms 499R–2/W–2PR, ACTION: Notice of proposed rulemaking. that potential hazards associated with
‘‘Commonwealth of Puerto Rico Withholding the fireworks to be used in this display
pmangrum on DSK30RV082PROD with PROPOSALS
Statement,’’ and Forms W–2AS, ‘‘American SUMMARY: The Coast Guard proposes to would be a safety concern for anyone
Samoa Wage and Tax Statement,’’ establish a temporary safety zone for a within a 234-yard radius of the barge.
electronically. marine event on the navigable waters of The purpose of this rulemaking is to
Example 3. For the 2018 calendar year,
Company Y files 300 original Forms 1099–
the Appomattox River at confluence ensure the safety of vessels and the
MISC, ‘‘Miscellaneous Income.’’ Later, with the James River in Hopewell, VA. navigable waters within a 234-yard
Company Y files 70 corrected Forms 1099– This action is necessary to provide for radius of the fireworks barge before,
MISC for the 2018 calendar year. Because the safety of life on these navigable during, and after the scheduled event.
Company Y is required to file 250 or more waters in Hopewell, VA, during a The Coast Guard proposes this
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Document Created: 2018-05-31 00:49:06
Document Modified: 2018-05-31 00:49:06
| 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 | Proposed Rules | |
| Action | Notice of proposed rulemaking. | |
| Dates | Written or electronic comments and requests for a public hearing must be received by July 30, 2018. | |
| Contact | Concerning the proposed regulations, Michael Hara, (202) 317-6845; concerning the submission of comments and requests for a public hearing, Regina L. Johnson, (202) 317-5177 (not toll-free calls). | |
| FR Citation | 83 FR 24948 | |
| RIN Number | 1545-BN36 | |
| CFR Associated | Income Taxes; Penalties and Reporting and Recordkeeping Requirements |
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