83 FR 30222 - 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		30222-30223
FR Document		2018-13750

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. Currently, the IRS is soliciting comments concerning requirements respecting the adoption or change of accounting method; extensions of time to make elections.

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

[Federal Register Volume 83, Number 124 (Wednesday, June 27, 2018)]
[Notices]
[Pages 30222-30223]
From the Federal Register Online  [www.thefederalregister.org]
[FR Doc No: 2018-13750]


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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

[[Page 30223]]

Federal agencies to take this opportunity to comment on proposed and/or 
continuing information collections, as required by the Paperwork 
Reduction Act of 1995. Currently, the IRS is soliciting comments 
concerning requirements respecting the adoption or change of accounting 
method; extensions of time to make elections.

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 LaNita Van Dyke at (202) 
317-6009, at Internal Revenue Service, Room 6526, 1111 Constitution 
Avenue NW, Washington, DC 20224, or through the internet, at 
[email protected].

SUPPLEMENTARY INFORMATION: 
    Title: Requirements Respecting the Adoption or Change of Accounting 
Method; Extensions of Time to Make Elections.
    OMB Number: 1545-1488.
    Regulation Project Number: TD 8742.
    Abstract: This final regulation provides the procedures for 
requesting an extension of time to make certain elections, including 
changes in accounting method and accounting period. In addition, the 
regulation provides the standards that the IRS will use in determining 
whether to grant taxpayers extensions of time to make these elections.
    Current Actions: There is no change to this existing regulation.
    Type of Review: Extension of currently approved collection.
    Affected Public: Business or other for-profit organizations, 
individuals, not-for-profit institutions, and farms.
    Estimated Number of Respondents: 500.
    Estimated Time per Respondent: 10 hours.
    Estimated Total Annual Burden Hours: 5,000.
    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 20, 2018.
Laurie Brimmer,
Senior Tax Analyst.
[FR Doc. 2018-13750 Filed 6-26-18; 8:45 am]
BILLING CODE 4830-01-P

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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Federal Register / Vol. 83, No. 124 / Wednesday, June 27, 2018 / Notices 30223

Federal agencies to take this tax returns and tax return information 20503, or email at OIRA_Submission@
opportunity to comment on proposed are confidential, as required by 26 OMB.EOP.gov and (2) Treasury PRA
and/or continuing information U.S.C. 6103. Clearance Officer, 1750 Pennsylvania
collections, as required by the Request for Comments: Comments Ave. NW, Suite 8142, Washington, DC
Paperwork Reduction Act of 1995. submitted in response to this notice will 20220, or email at PRA@treasury.gov.
Currently, the IRS is soliciting be summarized and/or included in the FOR FURTHER INFORMATION CONTACT:
comments concerning requirements request for OMB approval. All Copies of the submissions may be
respecting the adoption or change of comments will become a matter of obtained from Jennifer Quintana by
accounting method; extensions of time public record. Comments are invited on: emailing PRA@treasury.gov, calling
to make elections. (a) Whether the collection of (202) 622–0489, or viewing the entire
DATES: Written comments should be information is necessary for the proper information collection request at
received on or before August 27, 2018 performance of the functions of the www.reginfo.gov.
to be assured of consideration. agency, including whether the
SUPPLEMENTARY INFORMATION:
ADDRESSES: Direct all written comments information shall have practical utility;
to Laurie Brimmer, Internal Revenue (b) the accuracy of the agency’s estimate Bureau of the Fiscal Service (FS)
Service, Room 6526, 1111 Constitution of the burden of the collection of
Title: Schedule of Excess Risks.
Avenue NW, Washington, DC 20224. information; (c) ways to enhance the OMB Control Number: 1530–0062.
quality, utility, and clarity of the Type of Review: Extension without
FOR FURTHER INFORMATION CONTACT:
information to be collected; (d) ways to change of a currently approved
Requests for additional information or
minimize the burden of the collection of collection.
copies of the regulation should be
information on respondents, including Abstract: Listing of Excess Risks
directed to LaNita Van Dyke at (202)
through the use of automated collection written or assumed by Treasury
317–6009, at Internal Revenue Service,
techniques or other forms of information Certified Companies for compliance
Room 6526, 1111 Constitution Avenue
technology; and (e) estimates of capital with Treasury Regulations to assist in
NW, Washington, DC 20224, or through
or start-up costs and costs of operation, determination of solvency of Certified
the internet, at Lanita.VanDyke@irs.gov.
maintenance, and purchase of services companies for the benefit of writing
SUPPLEMENTARY INFORMATION: to provide information.
Title: Requirements Respecting the Federal surety bonds.
Adoption or Change of Accounting Approved: June 20, 2018. Form: FS Form 285–A.
Method; Extensions of Time to Make Laurie Brimmer, Affected Public: Businesses or other
Elections. Senior Tax Analyst. for-profits.
OMB Number: 1545–1488. [FR Doc. 2018–13750 Filed 6–26–18; 8:45 am] Estimated Total Annual Burden
Regulation Project Number: TD 8742. BILLING CODE 4830–01–P
Hours: 5,800.
Abstract: This final regulation Title: Implementing Regulations:
provides the procedures for requesting Government Securities Act of 1986, as
an extension of time to make certain DEPARTMENT OF THE TREASURY amended.
elections, including changes in OMB Control Number: 1530–0064.
accounting method and accounting Agency Information Collection Type of Review: Revision of a
period. In addition, the regulation Activities; Submission for OMB currently approved collection.
provides the standards that the IRS will Review; Comment Request; Multiple Abstract: The regulations require
use in determining whether to grant Fiscal Service Information Collection government securities broker and
taxpayers extensions of time to make Requests dealers to make and keep certain
these elections. records concerning their business
AGENCY: Departmental Offices, U.S. activities and their holdings of
Current Actions: There is no change to
Department of the Treasury. government securities, to submit
this existing regulation.
Type of Review: Extension of ACTION: Notice. financial reports, and to make certain
currently approved collection. disclosures to investors. The regulations
SUMMARY: The Department of the also require depository institutions to
Affected Public: Business or other for- Treasury will submit the following
profit organizations, individuals, not- keep certain records of non-fiduciary
information collection requests to the custodial holdings of government
for-profit institutions, and farms. Office of Management and Budget
Estimated Number of Respondents: securities. The regulations and
(OMB) for review and clearance in associated collections are fundamental
500.
accordance with the Paperwork to customer protection and dealer
Estimated Time per Respondent: 10
Reduction Act of 1995, on or after the financial responsibility.
hours.
date of publication of this notice. The Form: G–FIN–4, G–FIN–5, G–405.
Estimated Total Annual Burden
public is invited to submit comments on Affected Public: Businesses or other
Hours: 5,000.
The following paragraph applies to all these requests. for-profits.
of the collections of information covered DATES: Comments should be received on Estimated Total Annual Burden
by this notice: or before July 27, 2018 to be assured of Hours: 224,592.
An agency may not conduct or consideration. Title: Subscription for Purchase and
sponsor, and a person is not required to ADDRESSES: Send comments regarding Issue of U.S. Treasury Securities—State
respond to, a collection of information the burden estimate, or any other aspect and Local Government Series.
daltland on DSKBBV9HB2PROD with NOTICES

unless the collection of information of the information collection, including OMB Control Number: 1530–0065.
displays a valid OMB control number. suggestions for reducing the burden, to Type of Review: Revision of a
Books or records relating to a (1) Office of Information and Regulatory currently approved collection.
collection of information must be Affairs, Office of Management and Abstract: The information is
retained as long as their contents may Budget, Attention: Desk Officer for necessary to establish and maintain the
become material in the administration Treasury, New Executive Office accounts for owners of securities of
of any internal revenue law. Generally, Building, Room 10235, Washington, DC State and Local Government Series.

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Document Created: 2018-11-06 09:53:03
Document Modified: 2018-11-06 09:53:03

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 LaNita Van Dyke at (202) 317-6009, at Internal Revenue Service, Room 6526, 1111 Constitution Avenue NW, Washington, DC 20224, or through the internet, at [email protected]
FR Citation		83 FR 30222

83 FR 30222 - 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