83 FR 30221 - Proposed Collection; Comment Request for Regulation Project

DEPARTMENT OF THE TREASURY
Internal Revenue Service

Federal Register Volume 83, Issue 124 (June 27, 2018)

Page Range		30221-30222
FR Document		2018-13748

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 Revenue Procedure 2015-41--Section 482--Allocation of Income and Deductions Among Taxpayers.

Federal Register, Volume 83 Issue 124 (Wednesday, June 27, 2018)

[Federal Register Volume 83, Number 124 (Wednesday, June 27, 2018)]
[Notices]
[Pages 30221-30222]
From the Federal Register Online  [www.thefederalregister.org]
[FR Doc No: 2018-13748]


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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 Revenue Procedure 2015-41--Section 482--Allocation of Income 
and Deductions Among Taxpayers.

DATES: Written comments should be received on or before August 27, 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 CONTACT: Requests for additional information or 
copies of the regulation should be directed to Sara Covington, at (202) 
317-6038, Internal Revenue Service, Room 6526, 1111 Constitution Avenue 
NW, Washington, DC 20224, or through the internet at 
[email protected].

SUPPLEMENTARY INFORMATION: 
    Title: Revenue Procedure 2015-41 (Formerly 2006-9)--Section 482--
Allocation of Income and Deductions Among Taxpayers.
    OMB Number: 1545-1503.
    Regulation Project Number: Revenue Procedure 2015-41.

[[Page 30222]]

    Abstract: This revenue procedure provides guidance on the process 
of requesting and obtaining advance pricing agreements from the advance 
pricing agreement and mutual agreement program (``APMA''), to process 
applications, negotiate agreements, and to verify compliance with 
agreements and whether agreements require modification.
    Current Actions: There are no changes being made to the revenue 
procedure at this time.
    Type of Review: Extension of a currently approved collection.
    Affected Public: Business or other for-profit; individuals or 
households.
    Estimated Number of Respondents: 390.
    Estimated Time per Respondent: 27.9 hours.
    Estimated Total Annual Burden Hours: 10,900.
    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 18, 2018.
Laurie Brimmer,
Senior Tax Analyst.
[FR Doc. 2018-13748 Filed 6-26-18; 8:45 am]
BILLING CODE 4830-01-P

Federal Register / Vol. 83, No. 124 / Wednesday, June 27, 2018 / Notices 30221

collection requirements in part 22 are as flood insurance on the property (c) Ways to enhance the quality,
follows: securing the loan is required. Among utility, and clarity of the information to
• 12 CFR 22.5—Escrow other things, the borrower notice be collected;
Requirements—With certain exceptions includes a description of the flood (d) Ways to minimize the burden of
with respect to types of loans and size insurance purchase requirements and the collection on respondents, including
of institution, national banks and states that flood insurance is available through the use of automated collection
federal savings associations, and their under the National Flood Insurance techniques or other forms of information
servicers, must escrow flood insurance Program, where applicable, that flood technology; and
premiums and fees for all loans secured insurance may be available from private (e) Estimates of capital or start-up
by properties located in a Special Flood insurance companies, and that federal costs and costs of operation,
Hazard Area made, increased, extended, disaster relief assistance may be maintenance, and purchase of services
or renewed on or after January 1, 2016. available in the event of a declared to provide information.
Written notice must be provided federal flood disaster. Dated: June 20, 2018.
informing the borrower that the • 12 CFR 22.9(d) and (e)—Record of Karen Solomon,
institution is required to escrow all Borrower and Servicer Receipt of Notice
premiums and fees for required flood Acting Senior Deputy Comptroller and Chief
and Alternate Method of Notice—A Counsel.
insurance. national bank or federal savings
• 12 CFR 22.6—Required Use of association must retain a record of the
[FR Doc. 2018–13745 Filed 6–26–18; 8:45 am]
Standard Flood Hazard Determination receipt of the borrower notice by the
BILLING CODE 4810–33–P
Form—A national bank or federal borrower and the loan servicer for the
savings association must use the period of time the bank or savings
Standard Flood Hazard Determination DEPARTMENT OF THE TREASURY
association owns the loan. In lieu of
Form developed by FEMA. providing the borrower notice, a
• 12 CFR 22.6(b)—Retention of Internal Revenue Service
national bank or federal savings
Standard Flood Hazard Determination Proposed Collection; Comment
association may obtain a satisfactory
Form—A national bank or federal
written assurance from a seller or lessor Request for Regulation Project
savings association must retain a copy
that, within a reasonable time before
of the completed Standard Flood Hazard AGENCY: Internal Revenue Service (IRS),
completion of the sale or lease
Determination Form for the period of Treasury.
transaction, the seller or lessor has
time the bank or savings association ACTION: Notice and request for
provided such notice to the purchaser or
owns the loan. comments.
• 12 CFR 22.7—Notice of Forced lessee. The bank or savings association
Placement of Flood Insurance—If a must retain a record of the written SUMMARY: The Internal Revenue Service,
national bank, federal savings assurance from the seller or lessor for as part of its continuing effort to reduce
association, or its loan servicer the period of time the bank or savings paperwork and respondent burden,
determines during the period of time the association owns the loan. invites the general public and other
bank or savings association owns the • 12 CFR 22.10—Notices to FEMA— Federal agencies to take this
loan that the property securing the loan A national bank or federal savings opportunity to comment on proposed
is not covered by adequate flood association making, increasing, and/or continuing information
insurance, the national bank, federal extending, renewing, selling, or collections, as required by the
savings association, or its loan servicer transferring a loan secured by property Paperwork Reduction Act of 1995. The
must notify the borrower that the located in a special flood hazard area IRS is soliciting comments concerning
borrower should obtain adequate flood must notify the Administrator of FEMA Revenue Procedure 2015–41—Section
insurance coverage (forced placement (or FEMA’s designee) of the identity of 482—Allocation of Income and
notice). The forced placement notice the loan servicer (notice of servicer) and Deductions Among Taxpayers.
informs the borrower of the amount of must notify the Administrator of FEMA
DATES: Written comments should be
flood insurance to purchase. If the of any change in the loan servicer
(notice of servicer transfer) within 60 received on or before August 27, 2018
borrower fails to purchase insurance, to be assured of consideration.
the bank, savings association, or its days of such change.
Affected Public: Businesses or other ADDRESSES: Direct all written comments
servicer must purchase insurance on the
borrower’s behalf and may charge the for-profit. to Laurie Brimmer, Internal Revenue
borrower for the premiums and fees. Estimated Number of Respondents: Service, Room 6526, 1111 Constitution
The insurance provider must be notified 1,550. Avenue NW, Washington, DC 20224.
to terminate any insurance purchased Estimated Total Annual Burden: FOR FURTHER INFORMATION CONTACT:
by an institution or servicer within 30 106,951. Requests for additional information or
days of receipt of confirmation of a Frequency of Response: On occasion. copies of the regulation should be
borrower’s existing flood insurance The OCC issued a notice for 60 days directed to Sara Covington, at (202)
coverage. of comment regarding this collection on 317–6038, Internal Revenue Service,
• 12 CFR 22.9—Notice to Borrower April 2, 2018, 83 FR 14314. No Room 6526, 1111 Constitution Avenue
and Servicer—A national bank or comments were received. Comments NW, Washington, DC 20224, or through
federal savings association making, continue to be invited on: the internet at Sara.L.Covington@irs.gov.
extending, increasing, or renewing a (a) Whether the collection of SUPPLEMENTARY INFORMATION:
daltland on DSKBBV9HB2PROD with NOTICES

loan secured by property located in a information is necessary for the proper Title: Revenue Procedure 2015–41
special flood hazard area must provide performance of the functions of the (Formerly 2006–9)—Section 482—
a notice to the borrower and loan OCC, including whether the information Allocation of Income and Deductions
servicer (borrower notice). The borrower has practical utility; Among Taxpayers.
notice advises the borrower that the (b) The accuracy of the OCC’s OMB Number: 1545–1503.
property securing the loan is located in estimate of the burden of the collection Regulation Project Number: Revenue
a special flood hazard area and that of information; Procedure 2015–41.

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30222 Federal Register / Vol. 83, No. 124 / Wednesday, June 27, 2018 / Notices

Abstract: This revenue procedure DEPARTMENT OF THE TREASURY Estimated Number of Responses:
provides guidance on the process of 40,000.
requesting and obtaining advance Internal Revenue Service Estimated Average Time per
pricing agreements from the advance Response: 42.96 hours.
pricing agreement and mutual Proposed Collection; Comment Estimated Total Annual Burden
agreement program (‘‘APMA’’), to Request for Forms 5310 and 6088 Hours: 1,718,300.
process applications, negotiate The following paragraph applies to all
AGENCY: Internal Revenue Service (IRS),
agreements, and to verify compliance of the collections of information covered
Treasury.
with agreements and whether by this notice:
ACTION: Notice and request for An agency may not conduct or
agreements require modification.
Current Actions: There are no changes comments. sponsor, and a person is not required to
being made to the revenue procedure at respond to, a collection of information
SUMMARY: The Internal Revenue Service,
this time. unless the collection of information
as part of its continuing effort to reduce
Type of Review: Extension of a displays a valid OMB control number.
paperwork and respondent burden, Books or records relating to a
currently approved collection. invites the general public and other
Affected Public: Business or other for- collection of information must be
Federal agencies to take this retained as long as their contents may
profit; individuals or households. opportunity to comment on proposed
Estimated Number of Respondents: become material in the administration
and/or continuing information of any internal revenue law. Generally,
390.
collections, as required by the tax returns and tax return information
Estimated Time per Respondent: 27.9
Paperwork Reduction Act of 1995. The are confidential, as required by 26
hours.
Estimated Total Annual Burden IRS is soliciting comments concerning U.S.C. 6103.
Hours: 10,900. Form 5310, Application for Request for Comments: Comments
The following paragraph applies to all Determination for Terminating Plan, submitted in response to this notice will
of the collections of information covered and Form 6088, Distributable Benefits be summarized and/or included in the
by this notice: from Employee Pension Benefit Plans. request for OMB approval. All
An agency may not conduct or DATES: Written comments should be comments will become a matter of
sponsor, and a person is not required to received on or before August 27, 2018 public record. Comments are invited on:
respond to, a collection of information to be assured of consideration. (a) Whether the collection of
unless the collection of information ADDRESSES: Direct all written comments information is necessary for the proper
displays a valid OMB control number. to Laurie Brimmer, Internal Revenue performance of the functions of the
Books or records relating to a Service, Room 6526, 1111 Constitution agency, including whether the
collection of information must be Avenue NW, Washington, DC 20224. information shall have practical utility;
retained as long as their contents may FOR FURTHER INFORMATION CONTACT: (b) the accuracy of the agency’s estimate
become material in the administration Requests for additional information or of the burden of the collection of
of any internal revenue law. Generally, copies of the forms and instructions information; (c) ways to enhance the
tax returns and tax return information should be directed to Sara Covington, at quality, utility, and clarity of the
are confidential, as required by 26 Internal Revenue Service, Room 6526, information to be collected; (d) ways to
U.S.C. 6103. 1111 Constitution Avenue NW, minimize the burden of the collection of
Request for Comments: Comments Washington, DC 20224, or at (202) 317– information on respondents, including
submitted in response to this notice will 6038, or through the internet, at through the use of automated collection
be summarized and/or included in the Sara.L.Covington@irs.gov. techniques or other forms of information
request for OMB approval. All technology; and (e) estimates of capital
comments will become a matter of SUPPLEMENTARY INFORMATION:
or start-up costs and costs of operation,
public record. Comments are invited on: Title: Form 5310, Application for
maintenance, and purchase of services
(a) Whether the collection of Determination for Terminating Plan,
to provide information.
information is necessary for the proper and Form 6088, Distributable Benefits
from Employee Pension Benefit Plans. Approved: June 18, 2018.
performance of the functions of the
agency, including whether the OMB Number: 1545–0202. Laurie Brimmer,
information shall have practical utility; Form Number: Forms 5310 and 6088. Senior Tax Analyst.
(b) the accuracy of the agency’s estimate Abstract: Employers who have [FR Doc. 2018–13749 Filed 6–26–18; 8:45 am]
of the burden of the collection of qualified deferred compensation plans BILLING CODE 4830–01–P
information; (c) ways to enhance the can take an income tax deduction for
quality, utility, and clarity of the contributions to their plans. Form 5310
information to be collected; (d) ways to is used to request an IRS determination DEPARTMENT OF THE TREASURY
minimize the burden of the collection of letter about the plan’s qualification
status (qualified or non-qualified) under Internal Revenue Service
information on respondents, including
through the use of automated collection Internal Revenue Code sections 401(a)
or 403(a) of a pension. Form 6088 is Proposed Collection; Comment
techniques or other forms of information Request for Regulation Project
technology; and (e) estimates of capital used by the IRS to analyze an
or start-up costs and costs of operation, application for a determination letter on AGENCY: Internal Revenue Service (IRS),
maintenance, and purchase of services the qualification of the plan upon Treasury.
daltland on DSKBBV9HB2PROD with NOTICES

to provide information. termination. ACTION: Notice and request for
Current Actions: There are no changes comments.
Approved: June 18, 2018. being made to the forms at this time.
Laurie Brimmer, Type of Review: Extension of a SUMMARY: The Internal Revenue Service,
Senior Tax Analyst. currently approved collection. as part of its continuing effort to reduce
[FR Doc. 2018–13748 Filed 6–26–18; 8:45 am] Affected Public: Business or other for- paperwork and respondent burden,
BILLING CODE 4830–01–P profit organizations. invites the general public and other

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Document Created: 2018-11-06 09:52:58
Document Modified: 2018-11-06 09:52:58

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 27, 2018 to be assured of consideration.
Contact		Requests for additional information or copies of the regulation should be directed to Sara Covington, at (202) 317-6038, Internal Revenue Service, Room 6526, 1111 Constitution Avenue NW, Washington, DC 20224, or through the internet at [email protected]
FR Citation		83 FR 30221

83 FR 30221 - Proposed Collection; Comment Request for Regulation Project

DEPARTMENT OF THE TREASURYInternal Revenue Service

Federal Register Volume 83, Issue 124 (June 27, 2018)

DEPARTMENT OF THE TREASURY
Internal Revenue Service