83 FR 27372 - Proposed Collection; Comment Request for Revenue Procedure 2003-33

DEPARTMENT OF THE TREASURY
Internal Revenue Service

Federal Register Volume 83, Issue 113 (June 12, 2018)

Page Range		27372-27373
FR Document		2018-12578

The Internal Revenue Service (IRS), 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 information collections, as required by the Paperwork Reduction Act of 1995. The IRS is soliciting comments concerning Section 9100 Relief for 338 Elections.

Federal Register, Volume 83 Issue 113 (Tuesday, June 12, 2018)

[Federal Register Volume 83, Number 113 (Tuesday, June 12, 2018)]
[Notices]
[Pages 27372-27373]
From the Federal Register Online  [www.thefederalregister.org]
[FR Doc No: 2018-12578]


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DEPARTMENT OF THE TREASURY

Internal Revenue Service


Proposed Collection; Comment Request for Revenue Procedure 2003-
33

AGENCY: Internal Revenue Service (IRS), Treasury.

ACTION: Notice and request for comments.

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SUMMARY: The Internal Revenue Service (IRS), 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 information collections, as required by the Paperwork Reduction Act 
of 1995. The IRS is soliciting comments concerning Section 9100 Relief 
for 338 Elections.

DATES: Written comments should be received on or before August 13, 2018 
to be assured of consideration.

ADDRESSES: Direct all written comments to Laurie Brimmer, Internal 
Revenue Service, Room 6526, 1111 Constitution Avenue NW, Washington, DC 
20224.

FOR FURTHER INFORMATION: Requests for additional information or copies 
of the Rev. Proc. should be directed to Martha R. Brinson, at (202) 
317-5753, or at Internal Revenue Service, Room 6526, 1111 Constitution 
Avenue NW, Washington, DC 20224, or through the internet at 
Martha.R.Brinson@irs.gov.

SUPPLEMENTARY INFORMATION: 
    Title: Section 9100 Relief for 338 Elections.
    OMB Number: 1545-1820.
    Rev. Proc. Number: 2003-33.
    Abstract: Revenue Procedure 2003-33 provides qualifying taxpayers 
with an extension of time pursuant to Sec.  301.9100-3 of the Procedure 
and Administration Regulations to file an election described in Sec.  
338(a) or Sec.  338(h)(10) of the Internal Revenue Code to treat the 
purchase of the stock of a corporation as an asset acquisition.
    Current Actions: There are no changes being made to the Rev. Proc. 
at this time.
    Type of Review: Extension of a currently approved collection.
    Affected Public: Business or other for-profit organizations, and 
individuals or households.
    Estimated Number of Responses: 60.
    Estimated Time per Respondent: 5 hours.
    Estimated Total Annual Burden Hours: 300.
    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

[[Page 27373]]

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. 2018-12578 Filed 6-11-18; 8:45 am]
BILLING CODE 4830-01-P

27372 Federal Register / Vol. 83, No. 113 / Tuesday, June 12, 2018 / Notices

SUMMARY: The Federal Financial involves the interests of another FBA. DEPARTMENT OF THE TREASURY
Institutions Examination Council has Examples of such interests include
rescinded its Revised Policy Statement unsafe or unsound practices or Internal Revenue Service
on ‘‘Interagency Coordination of Formal significant violations of law by an
Corrective Action by the Federal Bank Proposed Collection; Comment
insured depository institution, non-bank
Regulatory Agencies’’ dated February Request for Revenue Procedure
affiliate, or depository institution 2003–33
20, 1997. To assure onging coordination, holding company or misconduct by an
the Board, the FDIC, and the OCC institution-affiliated party that may have AGENCY: Internal Revenue Service (IRS),
(collectively, ‘‘the Federal Banking significant connections with an Treasury.
Agencies’’ or ‘‘FBAs’’) are issuing this institution regulated by another FBA. ACTION: Notice and request for
policy statement concerning Federal comments.
Banking Agency coordination of formal If it is determined that one or more
corrective action. other FBAs have an interest in the SUMMARY: The Internal Revenue Service
DATES: Applicable on June 12, 2018.
enforcement action, the FBA proposing (IRS), as part of its continuing effort to
the enforcement action should notify reduce paperwork and respondent
FOR FURTHER INFORMATION CONTACT:
the other FBA(s). Notification should be burden, invites the general public and
OCC: Jessica Burrell, Counsel,
provided at the earlier of the FBA’s other Federal agencies to take this
Enforcement and Compliance, (202–
written notification to the federally opportunity to comment on information
649–6200); William Jacquet, Assistant
insured depository institution, collections, as required by the
Director, Enforcement and Compliance,
depository institution holding company, Paperwork Reduction Act of 1995. The
(202–649–6200). For the hearing
non-bank affiliate, or institution- IRS is soliciting comments concerning
impaired, TTY (202) 649–5597.
affiliated party against which the FBA is Section 9100 Relief for 338 Elections.
Board: Jason Gonzalez, Special
Counsel, Legal Division, Board of considering an enforcement action or DATES: Written comments should be
Governors of the Federal Reserve when the appropriate responsible received on or before August 13, 2018
System, 20th Street and Constitution agency official, or group of officials, to be assured of consideration.
Avenue NW, Washington, DC 20551. determines that formal enforcement ADDRESSES: Direct all written comments
For the hearing impaired or users of action is expected to be taken. to Laurie Brimmer, Internal Revenue
Telecommunication Device for Deaf Service, Room 6526, 1111 Constitution
The scope of the information shared Avenue NW, Washington, DC 20224.
(TDD) only, call (202) 263–4869. by the notification may depend on the
FDIC: Sam Ozeck, Legal Division FOR FURTHER INFORMATION: Requests for
gravity of the interests of the other additional information or copies of the
(202) 898–6736; George Parkerson,
FBA(s) and be determined on a case-by- Rev. Proc. should be directed to Martha
Division of Risk Management
case basis by the FBA providing the R. Brinson, at (202) 317–5753, or at
Supervision, (202) 898–3648.
notification. The information shared, Internal Revenue Service, Room 6526,
SUPPLEMENTARY INFORMATION: The
however, should be appropriate to allow 1111 Constitution Avenue NW,
Federal Banking Agencies are issuing
the other FBA(s) to take necessary Washington, DC 20224, or through the
this policy statement concerning their
action in examining or investigating the internet at Martha.R.Brinson@irs.gov.
coordination of formal corrective action.
The text of the policy statement is as financial institution or institution- SUPPLEMENTARY INFORMATION:
follows: affiliated party over which they have Title: Section 9100 Relief for 338
jurisdiction. Elections.
Policy Statement on Interagency OMB Number: 1545–1820.
If two or more FBAs consider bringing
Notification of Formal Enforcement Rev. Proc. Number: 2003–33.
a complementary action (e.g., action Abstract: Revenue Procedure 2003–33
Actions
involving a bank and its parent holding provides qualifying taxpayers with an
The FBAs are issuing this policy company), those FBAs should
statement to promote notification of, extension of time pursuant to
coordinate the preparation, processing, § 301.9100–3 of the Procedure and
and coordination on, formal presentation, potential penalties,
enforcement actions among the FBAs at Administration Regulations to file an
service, and follow-up of the election described in § 338(a) or
the earliest practicable date. This enforcement action.
statement replaces the existing policy § 338(h)(10) of the Internal Revenue
statement 1 to incorporate and reflect Dated: June 6, 2018. Code to treat the purchase of the stock
current practices and is not intended as Joseph M. Otting, of a corporation as an asset acquisition.
Current Actions: There are no changes
a substitute for informal communication Comptroller of the Currency. being made to the Rev. Proc. at this
that routinely occurs among the FBAs in By order of the Board of Governors of the time.
advance of an enforcement action, Federal Reserve System, June 4, 2018. Type of Review: Extension of a
including verbal notification of pending currently approved collection.
Anne E. Misback,
enforcement matters to officials and Affected Public: Business or other for-
staff with supervisory and enforcement Secretary of the Board.
profit organizations, and individuals or
responsibility for the affected Dated at Washington, DC, this day of
households.
institution. March 20, 2018.
Estimated Number of Responses: 60.
When an FBA determines it will take Federal Deposit Insurance Corporation. Estimated Time per Respondent: 5
sradovich on DSK3GMQ082PROD with NOTICES

a formal enforcement action against any Valerie J. Best, hours.
federally insured depository institution, Assistant Executive Secretary. Estimated Total Annual Burden
depository institution holding company, Hours: 300.
[FR Doc. 2018–12556 Filed 6–11–18; 8:45 am]
non-bank affiliate, or institution- The following paragraph applies to all
BILLING CODE 4810–33–P; 6210–01–P; 6714–01–P
affiliated party, it should evaluate of the collections of information covered
whether the enforcement action by this notice:
An agency may not conduct or
1 See 62 FR 7782 (Feb. 20, 1997). sponsor, and a person is not required to

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Federal Register / Vol. 83, No. 113 / Tuesday, June 12, 2018 / Notices 27373

respond to, a collection of information ADDRESSES: Direct all written comments will be of public record. Comments are
unless the collection of information to Laurie Brimmer, Internal Revenue invited on: (a) Whether the collection of
displays a valid OMB control number. Service, Room 6526, 1111 Constitution information is necessary for the proper
Books or records relating to a collection Avenue NW, Washington, DC 20224. performance of the functions of the
of information must be retained as long FOR FURTHER INFORMATION: Requests for agency, including whether the
as their contents may become material additional information or copies of the information has practical utility; (b) the
in the administration of any internal regulation should be directed to Martha accuracy of the agency’s estimate of the
revenue law. Generally, tax returns and R. Brinson, at (202) 317–5753, or at burden of the collection of information;
tax return information are confidential, Internal Revenue Service, Room 6526, (c) ways to enhance the quality, utility,
as required by 26 U.S.C. 6103. 1111 Constitution Avenue NW, and clarity of the information to be
Request for Comments: Comments Washington, DC 20224, or through the collected; (d) ways to minimize the
submitted in response to this notice will internet at Martha.R.Brinson@irs.gov. burden of the collection of information
be summarized and/or included in the SUPPLEMENTARY INFORMATION: on or other forms of information
request for OMB approval. All Title: Excise Tax Relating to Gain or technology; and (e) estimates of capital
comments will become a matter of Other Income Realized by Any Person or start-up costs and costs of operation,
public record. Comments are invited on: on Receipt of Greenmail. maintenance, and purchase of services
(a) Whether the collection of OMB Number: 1545–1049. to provide information.
information is necessary for the proper Regulation Project Number: TD 8379 Approved: June 5, 2018.
performance of the functions of the (final); TD 9407 (final). Laurie Brimmer,
agency, including whether the Form Number: 8725. Senior Tax Analyst.
information shall have practical utility; Abstract: The regulations provide [FR Doc. 2018–12566 Filed 6–11–18; 8:45 am]
(b) the accuracy of the agency’s estimate rules relating to the manner and method BILLING CODE 4830–01–P
of the burden of the collection of of reporting and paying the
information; (c) ways to enhance the nondeductible 50 percent excise tax
quality, utility, and clarity of the imposed by section 5881 of the Internal DEPARTMENT OF THE TREASURY
information to be collected; (d) ways to Revenue Code with respect to the
minimize the burden of the collection of receipt of greenmail. The reporting Internal Revenue Service
information on respondents, including requirements will be used to verify that
through the use of automated collection the excise tax imposed under section Proposed Collection; Comment
techniques or other forms of information 5881 is properly reported and timely Request for Form 911
technology; and (e) estimates of capital paid. Form 8725 is used by persons who
or start-up costs and costs of operation, AGENCY: Internal Revenue Service (IRS),
receive ‘‘greenmail’’ to compute and pay Treasury.
maintenance, and purchase of services the excise tax on greenmail imposed
to provide information. ACTION: Notice and request for
under Internal Revenue Code section
5881. IRS uses the information to verify comments.
Approved: June 4, 2018.
Laurie Brimmer, that the correct amount of tax has been SUMMARY: The Internal Revenue Service
Senior Tax Analyst. reported. (IRS), as part of its continuing effort to
[FR Doc. 2018–12578 Filed 6–11–18; 8:45 am]
Current Actions: There is no change to reduce paperwork and respondent
this existing regulation. burden, invites the general public and
BILLING CODE 4830–01–P
Type of Review: Extension of a other Federal agencies to take this
currently approved collection. opportunity to comment on information
DEPARTMENT OF THE TREASURY Affected Public: Individuals and collections, as required by the
business or other for-profit Paperwork Reduction Act of 1995. The
Internal Revenue Service organizations. IRS is soliciting comments concerning
Estimated Number of Responses: 12. Request for Taxpayer Advocate Service
Proposed Collection; Comment Estimated Time per Response: 7 Assistance (And Application for
Request for Regulation Project hours., 37 minutes.** Taxpayer Assistance Order).
Estimated Total Annual Burden
AGENCY: Internal Revenue Service (IRS), DATES: Written comments should be
Hours: 92.
Treasury. received on or before August 13, 2018
The following paragraph applies to all
ACTION: Notice and request for
to be assured of consideration.
of the collections of information covered
comments. by this notice: ADDRESSES: Direct all written comments
An agency may not conduct or to Laurie Brimmer, Internal Revenue
SUMMARY: The Internal Revenue Service sponsor, and a person is not required to Service, Room 6526, 1111 Constitution
(IRS), as part of its continuing effort to respond to, a collection of information Avenue NW, Washington, DC 20224.
reduce paperwork and respondent unless the collection of information FOR FURTHER INFORMATION CONTACT:
burden, invites the general public and displays a valid OMB control number. Requests for additional information or
other Federal agencies to take this Books or records relating to a collection copies of the form and instructions
opportunity to comment on information of information must be retained as long should be directed to Martha R. Brinson,
collections, as required by the as their contents may become material at (202) 317–5753, or at Internal
Paperwork Reduction Act of 1995. The in the administration of any internal Revenue Service, Room 6526, 1111
sradovich on DSK3GMQ082PROD with NOTICES

IRS is soliciting comments concerning revenue law. Generally, tax returns and Constitution Avenue NW, Washington,
Excise Tax Relating to Gain or Other tax return information are confidential, DC 20224, or through the internet at
Income Realized by Any Person on as required by 26 U.S.C. 6103. Martha.R.Brinson@irs.gov.
Receipt of Greenmail. Request for Comments: Comments SUPPLEMENTARY INFORMATION:
DATES: Written comments should be submitted in response to this notice will Title: Request for Taxpayer Advocate
received on or before August 13, 2018 be summarized and/or included in the Service Assistance (And Application for
to be assured of consideration. request for OMB approval. Comments Taxpayer Assistance Order).

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Document Created: 2018-06-12 00:47:21
Document Modified: 2018-06-12 00:47:21

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 13, 2018 to be assured of consideration.
FR Citation		83 FR 27372

83 FR 27372 - Proposed Collection; Comment Request for Revenue Procedure 2003-33

DEPARTMENT OF THE TREASURYInternal Revenue Service

Federal Register Volume 83, Issue 113 (June 12, 2018)

DEPARTMENT OF THE TREASURY
Internal Revenue Service