83 FR 26746 - Proposed Collection; Comment Request for Regulation Project

DEPARTMENT OF THE TREASURY
Internal Revenue Service

Federal Register Volume 83, Issue 111 (June 8, 2018)

Page Range		26746-26746
FR Document		2018-12406

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 proposed and/or continuing information collections, as required by the Paperwork Reduction Act of 1995. The IRS is soliciting comments concerning Guidance regarding Charitable Remainder Trusts and Special Valuation Rules for Transfers of Interests and Trusts.

Federal Register, Volume 83 Issue 111 (Friday, June 8, 2018)

[Federal Register Volume 83, Number 111 (Friday, June 8, 2018)]
[Notices]
[Page 26746]
From the Federal Register Online  [www.thefederalregister.org]
[FR Doc No: 2018-12406]



[[Page 26746]]

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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.

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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 
proposed and/or continuing information collections, as required by the 
Paperwork Reduction Act of 1995. The IRS is soliciting comments 
concerning Guidance regarding Charitable Remainder Trusts and Special 
Valuation Rules for Transfers of Interests and Trusts.

DATES: Written comments should be received on or before August 7, 2018 
to be assured of consideration.

ADDRESSES: Direct all written comments to Roberto Mora-Figueroa, 
Internal Revenue Service, Room 6526, 1111 Constitution Avenue NW, 
Washington, DC 20224.

FOR FURTHER INFORMATION CONTACT: Requests for additional information or 
copies of this regulation should be directed to Sara Covington, 
Internal Revenue Service, Room 6526, 1111 Constitution Avenue NW, 
Washington, DC 20224, or at (202)317-6038 or through the internet at 
[email protected].

SUPPLEMENTARY INFORMATION: 
    Title: Guidance Regarding Charitable Remainder Trusts and Special 
Valuation Rules for Transfers of Interests and Trusts.
    OMB Number: 1545-1536.
    Regulation Project Number: TD 8791.
    Abstract: This regulation provides guidance relating to charitable 
remainder trusts and to special valuation rules for transfers of 
interests in trusts. Section 1.664-1(a)(7) of the regulation provides 
that either an independent trustee or qualified appraiser using a 
qualified appraisal must value a charitable remainder trust's assets 
that do not have an objective, ascertainable value.
    Current Actions: There is no change to this existing regulation.
    Type of Review: Extension of a currently approved collection.
    Affected Public: Businesses or other for-profit organizations.
    Estimated Number of Respondents: 150.
    Estimated Time per Respondent: 30 minutes.
    Estimated Total Annual Burden Hours: 75.
    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: June 4, 2018.
Laurie Brimmer,
Senior Tax Analyst.
[FR Doc. 2018-12406 Filed 6-7-18; 8:45 am]
BILLING CODE 4830-01-P

26746 Federal Register / Vol. 83, No. 111 / Friday, June 8, 2018 / Notices

DEPARTMENT OF THE TREASURY Estimated Time per Respondent: 30 Paperwork Reduction Act of 1995. The
minutes. IRS is soliciting comments concerning
Internal Revenue Service Estimated Total Annual Burden Application for Extension of Time for
Hours: 75. Payment of Tax Due to Undue Hardship.
Proposed Collection; Comment The following paragraph applies to all DATES: Written comments should be
Request for Regulation Project of the collections of information covered received on or before August 7, 2018 to
AGENCY: Internal Revenue Service (IRS), by this notice: be assured of consideration.
Treasury. An agency may not conduct or
ADDRESSES: Direct all written comments
sponsor, and a person is not required to
ACTION: Notice and request for to Laurie Brimmer, Internal Revenue
respond to, a collection of information
comments. Service, Room 6526, 1111 Constitution
unless the collection of information
Avenue NW, Washington, DC 20224.
SUMMARY: The Internal Revenue Service, displays a valid OMB control number.
Books or records relating to a collection FOR FURTHER INFORMATION CONTACT:
as part of its continuing effort to reduce
of information must be retained as long Requests for additional information or
paperwork and respondent burden,
as their contents may become material copies of the form and instructions
invites the general public and other
in the administration of any internal should be directed to Martha R. Brinson,
Federal agencies to take this
revenue law. Generally, tax returns and at (202) 317–5753, or at Internal
opportunity to comment on proposed
tax return information are confidential, Revenue Service, Room 6526, 1111
and/or continuing information
as required by 26 U.S.C. 6103. Constitution Avenue NW, Washington,
collections, as required by the
Request for Comments: Comments DC 20224, or through the internet at
Paperwork Reduction Act of 1995. The
submitted in response to this notice will Martha.R.Brinson@irs.gov.
IRS is soliciting comments concerning
be summarized and/or included in the SUPPLEMENTARY INFORMATION:
Guidance regarding Charitable
Remainder Trusts and Special Valuation request for OMB approval. All Title: Application for Extension of
Rules for Transfers of Interests and comments will become a matter of Time for Payment of Tax Due to Undue
Trusts. public record. Comments are invited on: Hardship.
(a) Whether the collection of OMB Number: 1545–2131.
DATES: Written comments should be information is necessary for the proper Form Number: 1127.
received on or before August 7, 2018 to performance of the functions of the Abstract: Under IRC 6161, individual
be assured of consideration. agency, including whether the taxpayers and business taxpayers are
ADDRESSES: Direct all written comments information shall have practical utility; allowed to request an extension of time
to Roberto Mora-Figueroa, Internal (b) the accuracy of the agency’s estimate for payment of tax shown or required to
Revenue Service, Room 6526, 1111 of the burden of the collection of be shown on a return or for a tax due
Constitution Avenue NW, Washington, information; (c) ways to enhance the on a notice of deficiency. In order to be
DC 20224. quality, utility, and clarity of the granted this extension, they must file
FOR FURTHER INFORMATION CONTACT: information to be collected; (d) ways to Form 1127, providing evidence of
Requests for additional information or minimize the burden of the collection of undue hardship, inability to borrow,
copies of this regulation should be information on respondents, including and collateral to ensure payment of the
directed to Sara Covington, Internal through the use of automated collection tax.
Revenue Service, Room 6526, 1111 techniques or other forms of information Current Actions: There are no changes
Constitution Avenue NW, Washington, technology; and (e) estimates of capital being made to Form 1127 at this time.
DC 20224, or at (202)317–6038 or or start-up costs and costs of operation, Type of Review: Extension of a
through the internet at maintenance, and purchase of services currently approved collection.
Sara.L.Covington@irs.gov. to provide information. Affected Public: Individuals and
SUPPLEMENTARY INFORMATION: Households, Businesses and other for-
Approved: June 4, 2018. profit organizations.
Title: Guidance Regarding Charitable
Laurie Brimmer, Estimated Number of Responses:
Remainder Trusts and Special Valuation
Senior Tax Analyst. 1,000.
Rules for Transfers of Interests and
Trusts. [FR Doc. 2018–12406 Filed 6–7–18; 8:45 am] Estimated Time per Response: 7
OMB Number: 1545–1536. BILLING CODE 4830–01–P hours, 29 minutes.
Regulation Project Number: TD 8791. Estimated Total Annual Burden
Abstract: This regulation provides Hours: 7,470.
guidance relating to charitable DEPARTMENT OF THE TREASURY The following paragraph applies to all
remainder trusts and to special of the collections of information covered
valuation rules for transfers of interests Internal Revenue Service by this notice:
in trusts. Section 1.664–1(a)(7) of the An agency may not conduct or
Proposed Collection; Comment sponsor, and a person is not required to
regulation provides that either an Request for Form 1127
independent trustee or qualified respond to, a collection of information
appraiser using a qualified appraisal AGENCY: Internal Revenue Service (IRS), unless the collection of information
must value a charitable remainder Treasury. displays a valid OMB control number.
trust’s assets that do not have an ACTION: Notice and request for Books or records relating to a collection
objective, ascertainable value. comments. of information must be retained as long
Current Actions: There is no change to as their contents may become material
amozie on DSK3GDR082PROD with NOTICES1

this existing regulation. SUMMARY: The Internal Revenue Service in the administration of any internal
Type of Review: Extension of a (IRS), as part of its continuing effort to revenue law. Generally, tax returns and
currently approved collection. reduce paperwork and respondent tax return information are confidential,
Affected Public: Businesses or other burden, invites the general public and as required by 26 U.S.C. 6103.
for-profit organizations. other Federal agencies to take this Request for Comments: Comments
Estimated Number of Respondents: opportunity to comment on information submitted in response to this notice will
150. collections, as required by the be summarized and/or included in the

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Document Created: 2018-06-08 01:22:58
Document Modified: 2018-06-08 01:22:58

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 August 7, 2018 to be assured of consideration.
Contact		Requests for additional information or copies of this regulation should be directed to Sara Covington, Internal Revenue Service, Room 6526, 1111 Constitution Avenue NW, Washington, DC 20224, or at (202)317-6038 or through the internet at [email protected]
FR Citation		83 FR 26746

83 FR 26746 - Proposed Collection; Comment Request for Regulation Project

DEPARTMENT OF THE TREASURYInternal Revenue Service

Federal Register Volume 83, Issue 111 (June 8, 2018)

DEPARTMENT OF THE TREASURY
Internal Revenue Service