83_FR_27487 83 FR 27374 - Proposed Collection; Comment Request for Regulation Project

83 FR 27374 - Proposed Collection; Comment Request for Regulation Project

DEPARTMENT OF THE TREASURY
Internal Revenue Service

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

Page Range27374-27375
FR Document2018-12576

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 113 (Tuesday, June 12, 2018)
[Federal Register Volume 83, Number 113 (Tuesday, June 12, 2018)]
[Notices]
[Pages 27374-27375]
From the Federal Register Online  [www.thefederalregister.org]
[FR Doc No: 2018-12576]


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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.

-----------------------------------------------------------------------

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

[[Page 27375]]

Remainder Trusts and Special Valuation Rules for Transfers of Interests 
and Trusts.

DATES: Written comments should be received on or before August 13, 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: 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. 2018-12576 Filed 6-11-18; 8:45 am]
BILLING CODE 4830-01-P



                                                27374                          Federal Register / Vol. 83, No. 113 / Tuesday, June 12, 2018 / Notices

                                                   OMB Number: 1545–1504.                               DEPARTMENT OF THE TREASURY                                The following paragraph applies to all
                                                   Form Number: 911.                                                                                           of the collections of information covered
                                                   Abstract: This form is used by                       Internal Revenue Service                               by this notice:
                                                taxpayers to apply for relief from a                                                                              An agency may not conduct or
                                                                                                        Proposed Collection; Comment                           sponsor, and a person is not required to
                                                significant hardship which may have                     Request for Form 8864
                                                already occurred or is about to occur if                                                                       respond to, a collection of information
                                                the IRS takes or fails to take certain                  AGENCY: Internal Revenue Service (IRS),                unless the collection of information
                                                actions. This form is submitted to the                  Treasury.                                              displays a valid OMB control number.
                                                IRS Taxpayer Advocate Office in the                     ACTION: Notice and request for                         Books or records relating to a collection
                                                district where the taxpayer lives.                      comments.                                              of information must be retained as long
                                                                                                                                                               as their contents may become material
                                                   Current Actions: There are no changes
                                                                                                        SUMMARY:    The Internal Revenue Service,              in the administration of any internal
                                                being made to Form 911 at this time.
                                                                                                        as part of its continuing effort to reduce             revenue law. Generally, tax returns and
                                                   Type of Review: Extension of a                       paperwork and respondent burden,                       tax return information are confidential,
                                                currently approved collection.                          invites the general public and other                   as required by 26 U.S.C. 6103.
                                                   Affected Public: Individuals or                      Federal agencies to take this                             Request for Comments: Comments
                                                households, business or other for-profit                opportunity to comment on proposed                     submitted in response to this notice will
                                                organizations, not-for-profit institutions,             and/or continuing information                          be summarized and/or included in the
                                                farms and state, local or tribal                        collections, as required by the                        request for OMB approval. All
                                                governments.                                            Paperwork Reduction Act of 1995. The                   comments will become a matter of
                                                   Estimated Number of Responses:                       IRS is soliciting comments concerning                  public record. Comments are invited on:
                                                93,000.                                                 Form 8864, Biodiesel and Renewable                     (a) Whether the collection of
                                                   Estimated Time per Response: 30                      Diesel Fuels Credit.                                   information is necessary for the proper
                                                minutes.                                                DATES: Written comments should be                      performance of the functions of the
                                                   Estimated Total Annual Burden                        received on or before August 13, 2018                  agency, including whether the
                                                Hours: 46,500.                                          to be assured of consideration.                        information shall have practical utility;
                                                   The following paragraph applies to all               ADDRESSES: Direct all written comments                 (b) the accuracy of the agency’s estimate
                                                of the collections of information covered               to Roberto Mora-Figueroa, Internal                     of the burden of the collection of
                                                by this notice:                                         Revenue Service, Room 6526, 1111                       information; (c) ways to enhance the
                                                                                                        Constitution Avenue NW, Washington,                    quality, utility, and clarity of the
                                                   An agency may not conduct or
                                                                                                        DC 20224.                                              information to be collected; (d) ways to
                                                sponsor, and a person is not required to
                                                                                                        FOR FURTHER INFORMATION CONTACT:                       minimize the burden of the collection of
                                                respond to, a collection of information
                                                                                                        Requests for additional information or                 information on respondents, including
                                                unless the collection of information
                                                                                                        copies of the form and instructions                    through the use of automated collection
                                                displays a valid OMB control number.
                                                                                                        should be directed to Sara Covington,                  techniques or other forms of information
                                                Books or records relating to a collection
                                                                                                        Internal Revenue Service, Room 6526,                   technology; and (e) estimates of capital
                                                of information must be retained as long
                                                                                                        1111 Constitution Avenue NW,                           or start-up costs and costs of operation,
                                                as their contents may become material
                                                                                                        Washington, DC 20224, or at (202) 317–                 maintenance, and purchase of services
                                                in the administration of any internal
                                                                                                        6038 or through the internet at                        to provide information.
                                                revenue law. Generally, tax returns and
                                                tax return information are confidential,                Sara.L.Covington@irs.gov.                                Approved: June 4, 2018.
                                                as required by 26 U.S.C. 6103.                          SUPPLEMENTARY INFORMATION:                             Laurie Brimmer,
                                                                                                          Title: Biodiesel and Renewable Diesel                Senior Tax Analyst.
                                                   Request for Comments: Comments
                                                                                                        Fuels Credit.
                                                submitted in response to this notice will                                                                      [FR Doc. 2018–12568 Filed 6–11–18; 8:45 am]
                                                                                                          OMB Number: 1545–1924.
                                                be summarized and/or included in the                      Form Number: 8864.                                   BILLING CODE 4830–01–P
                                                request for OMB approval. Comments                        Abstract: The biodiesel and renewable
                                                will be of public record. Comments are                  diesel fuels credit isn’t available for fuel
                                                invited on: (a) Whether the collection of                                                                      DEPARTMENT OF THE TREASURY
                                                                                                        sold or used after 2017. However, a
                                                information is necessary for the proper                 partner in a fiscal year partnership,
                                                performance of the functions of the                                                                            Internal Revenue Service
                                                                                                        shareholder in a fiscal year S
                                                agency, including whether the                           corporation, or beneficiary of a fiscal                Proposed Collection; Comment
                                                information has practical utility; (b) the              year trust or estate may receive a                     Request for Regulation Project
                                                accuracy of the agency’s estimate of the                biodiesel and renewable diesel fuels
                                                burden of the collection of information;                credit that must be reported on a 2018                 AGENCY: Internal Revenue Service (IRS),
                                                (c) ways to enhance the quality, utility,               return.                                                Treasury.
                                                and clarity of the information to be                      Current Actions: There are changes                   ACTION: Notice and request for
                                                collected; (d) ways to minimize the                     being made to form at this time,                       comments.
                                                burden of the collection of information                 however these changes will not affect
                                                on or other forms of information                        the burden estimates.                                  SUMMARY:    The Internal Revenue Service,
                                                technology; and (e) estimates of capital                  Type of Review: Extension of a                       as part of its continuing effort to reduce
                                                or start-up costs and costs of operation,               currently approved collection.                         paperwork and respondent burden,
                                                                                                                                                               invites the general public and other
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                                                maintenance, and purchase of services                     Affected Public: Business or other for-
                                                to provide information.                                 profit.                                                Federal agencies to take this
                                                                                                          Estimated Number of Respondents:                     opportunity to comment on proposed
                                                  Approved: June 5, 2018.                                                                                      and/or continuing information
                                                                                                        26.
                                                Laurie Brimmer,                                           Estimated Time per Respondent:                       collections, as required by the
                                                Senior Tax Analyst.                                     4 hrs., 13 mins.                                       Paperwork Reduction Act of 1995. The
                                                [FR Doc. 2018–12567 Filed 6–11–18; 8:45 am]               Estimated Total Annual Burden                        IRS is soliciting comments concerning
                                                BILLING CODE 4830–01–P                                  Hours: 110.                                            Guidance regarding Charitable


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                                                                               Federal Register / Vol. 83, No. 113 / Tuesday, June 12, 2018 / Notices                                                  27375

                                                Remainder Trusts and Special Valuation                  comments will become a matter of                         The agenda will include various
                                                Rules for Transfers of Interests and                    public record. Comments are invited on:                committee issues for submission to the
                                                Trusts.                                                 (a) Whether the collection of                          IRS and other TAP related topics. Public
                                                DATES:  Written comments should be                      information is necessary for the proper                input is welcomed.
                                                received on or before August 13, 2018                   performance of the functions of the                      Dated: June 6, 2018.
                                                to be assured of consideration.                         agency, including whether the                          Kevin Brown,
                                                                                                        information shall have practical utility;
                                                ADDRESSES: Direct all written comments                                                                         Acting Director, Taxpayer Advocacy Panel.
                                                                                                        (b) the accuracy of the agency’s estimate
                                                to Roberto Mora-Figueroa, Internal                                                                             [FR Doc. 2018–12579 Filed 6–11–18; 8:45 am]
                                                                                                        of the burden of the collection of
                                                Revenue Service, Room 6526, 1111                                                                               BILLING CODE 4830–01–P
                                                                                                        information; (c) ways to enhance the
                                                Constitution Avenue NW, Washington,
                                                                                                        quality, utility, and clarity of the
                                                DC 20224.
                                                                                                        information to be collected; (d) ways to
                                                FOR FURTHER INFORMATION: Requests for                                                                          DEPARTMENT OF THE TREASURY
                                                                                                        minimize the burden of the collection of
                                                additional information or copies of this                information on respondents, including
                                                regulation should be directed to Sara                                                                          Internal Revenue Service
                                                                                                        through the use of automated collection
                                                Covington, Internal Revenue Service,                    techniques or other forms of information               Proposed Collection; Comment
                                                Room 6526, 1111 Constitution Avenue                     technology; and (e) estimates of capital               Request for Regulation Project
                                                NW, Washington, DC 20224, or at (202)                   or start-up costs and costs of operation,
                                                317–6038 or through the internet at                     maintenance, and purchase of services                  AGENCY: Internal Revenue Service (IRS),
                                                Sara.L.Covington@irs.gov.                               to provide information.                                Treasury.
                                                SUPPLEMENTARY INFORMATION:                                                                                     ACTION: Notice and request for
                                                                                                          Approved: June 4, 2018.
                                                  Title: Guidance Regarding Charitable                                                                         comments.
                                                Remainder Trusts and Special Valuation                  Laurie Brimmer,
                                                Rules for Transfers of Interests and                    Senior Tax Analyst.                                    SUMMARY:    The Internal Revenue Service,
                                                Trusts.                                                 [FR Doc. 2018–12576 Filed 6–11–18; 8:45 am]            as part of its continuing effort to reduce
                                                  OMB Number: 1545–1536.                                BILLING CODE 4830–01–P                                 paperwork and respondent burden,
                                                  Regulation Project Number: TD 8791.                                                                          invites the general public and other
                                                  Abstract: This regulation provides                                                                           Federal agencies to take this
                                                guidance relating to charitable                         DEPARTMENT OF THE TREASURY                             opportunity to comment on proposed
                                                remainder trusts and to special                                                                                and/or continuing information
                                                valuation rules for transfers of interests              Internal Revenue Service                               collections, as required by the
                                                in trusts. Section 1.664–1(a)(7) of the                                                                        Paperwork Reduction Act of 1995. The
                                                                                                        Open Meeting of the Taxpayer                           IRS is soliciting comments concerning
                                                regulation provides that either an
                                                                                                        Advocacy Panel Joint Committee:                        Form 1098, Mortgage Interest Statement
                                                independent trustee or qualified
                                                                                                        Change                                                 and TD 8571 (IA–17–90), Reporting
                                                appraiser using a qualified appraisal
                                                must value a charitable remainder                       AGENCY: Internal Revenue Service (IRS)                 Requirements for Recipients of Points
                                                trust’s assets that do not have an                      Treasury.                                              Paid on Residential Mortgages.
                                                objective, ascertainable value.                         ACTION: Notice of meeting: Change.                     DATES: Written comments should be
                                                  Current Actions: There is no change to                                                                       received on or before August 13, 2018
                                                this existing regulation.                               SUMMARY:  In the Federal Register notice               to be assured of consideration.
                                                  Type of Review: Extension of a                        that was originally published on May 8,                ADDRESSES: Direct all written comments
                                                currently approved collection.                          2018, (Volume 83, Number 89, Page                      to Laurie Brimmer, Internal Revenue
                                                  Affected Public: Businesses or other                  20913) the meeting date has changed.                   Service, Room 6526, 1111 Constitution
                                                for-profit organizations.                               The date is changed from Wednesday,                    Avenue NW, Washington, DC 20224.
                                                  Estimated Number of Respondents:                      June 27, 2018 to Thursday, June 28,
                                                150.                                                                                                           FOR FURTHER INFORMATION CONTACT:
                                                                                                        2018.
                                                  Estimated Time per Respondent: 30                                                                            Requests for additional information or
                                                                                                        DATES:The meeting will be held                         copies of this form and regulation
                                                minutes.
                                                  Estimated Total Annual Burden                         Thursday, June 28, 2018.                               should be directed to Sara Covington, at
                                                Hours: 75.                                              FOR FURTHER INFORMATION CONTACT:    Lisa               (202) 317 6038, Internal Revenue
                                                  The following paragraph applies to all                Billups at 1–888–912–1227 or (214)                     Service, Room 6526, 1111 Constitution
                                                of the collections of information covered               413–6523.                                              Avenue NW, Washington, DC 20224, or
                                                by this notice:                                         SUPPLEMENTARY INFORMATION: Notice is                   through the internet at
                                                  An agency may not conduct or                          hereby given pursuant to Section                       Sara.L.Covington@irs.gov.
                                                sponsor, and a person is not required to                10(a)(2) of the Federal Advisory                       SUPPLEMENTARY INFORMATION:
                                                respond to, a collection of information                 Committee Act, 5 U.S.C. App. (1988)                      Title: Reporting Requirements for
                                                unless the collection of information                    that an open meeting of the Taxpayer                   Recipients of Points Paid on Residential
                                                displays a valid OMB control number.                    Advocacy Panel Joint Committee will be                 Mortgages and Mortgage Interest
                                                Books or records relating to a collection               held Thursday, June 28, 2018, at 1:00                  Statement.
                                                of information must be retained as long                 p.m. Eastern Time via teleconference.                    OMB Number: 1545–1380.
                                                as their contents may become material                   The public is invited to make oral                       Form Number: 1098.
                                                                                                        comments or submit written statements                    Regulation Project Number: TD 8571.
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                                                in the administration of any internal
                                                revenue law. Generally, tax returns and                 for consideration. For more information                  Abstract: T.D. 8571 regulations
                                                tax return information are confidential,                please contact Lisa Billups at 1–888–                  require the reporting of certain
                                                as required by 26 U.S.C. 6103.                          912–1227 or (214) 413–6523, or write                   information relating to payments of
                                                  Request for Comments: Comments                        TAP Office, 1114 Commerce Street,                      mortgage interest. Form 1098 is used to
                                                submitted in response to this notice will               Dallas, TX 75242–1021, or post                         report $600 or more of mortgage interest
                                                be summarized and/or included in the                    comments to the website: http://                       received from an individual in the
                                                request for OMB approval. All                           www.improveirs.org.                                    course of the mortgagor’s trade or


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Document Created: 2018-06-12 00:47:27
Document Modified: 2018-06-12 00:47:27
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 August 13, 2018 to be assured of consideration.
FR Citation83 FR 27374 

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