83 FR 42355 - Proposed Collection; Comment Request for Regulation Project
DEPARTMENT OF THE TREASURY
Internal Revenue Service Federal Register Volume 83, Issue 162 (August 21, 2018)
Internal Revenue Service
Federal Register Volume 83, Issue 162 (August 21, 2018)
| Page Range | 42355-42356 | |
| FR Document | 2018-17946 |
[Federal Register Volume 83, Number 162 (Tuesday, August 21, 2018)] [Notices] [Pages 42355-42356] From the Federal Register Online [www.thefederalregister.org] [FR Doc No: 2018-17946] ======================================================================= ----------------------------------------------------------------------- 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 continuing information collections, as required by the Paperwork Reduction Act of 1995. The IRS is soliciting comments concerning notice concerning fiduciary relationship and notice concerning fiduciary relationship of financial institution. DATES: Written comments should be received on or before October 22, 2018 to be assured of consideration. ADDRESSES: Direct all written comments to Laurie Brimmer, Internal Revenue Service, Room 6529, 1111 Constitution Avenue NW, Washington, DC 20224. FOR FURTHER INFORMATION CONTACT: Requests for additional information or copies of the form should be directed to Kerry Dennis, at (202) 317- 5751 or Internal Revenue Service, Room 6529, 1111 Constitution Avenue NW, Washington, DC 20224, or through the internet, at [email protected]. SUPPLEMENTARY INFORMATION: Title: Notice Concerning Fiduciary Relationship and Notice Concerning Fiduciary Relationship of Financial Institution. OMB Number: 1545-0013. Form Number: 56 and 56-F. [[Page 42356]] Abstract: Form 56 is used to inform the IRS that a person is acting for another person in a fiduciary capacity so that the IRS may mail tax notices to the fiduciary concerning the person for whom he/she is acting. The data is used to ensure that the fiduciary relationship is established or terminated and to mail or discontinue mailing designated tax notices to the fiduciary. The filing of Form 56-F by a fiduciary (FDIC or other federal agency acting as a receiver or conservator of a failed financial institution (bank or thrift) gives the IRS the necessary information to submit send letters, notices, and notices of tax liability to the federal fiduciary now in charge of the financial institution rather than sending the notice, etc. to the institution's last known address. Current Actions: There are no changes being made to the burden associated with the collection tools 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 Respondents: 174,050. Estimated Time per Respondent: 2 hrs. Estimated Total Annual Burden Hours: 349,786. 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: August 13, 2018. Laurie Brimmer, Senior Tax Analyst. [FR Doc. 2018-17946 Filed 8-20-18; 8:45 am] BILLING CODE 4830-01-P
![Federal Register / Vol. 83, No. 162 / Tuesday, August 21, 2018 / Notices 42355
Study is complete and all reporting and 3. What are the current challenges 2. If the information collected in
certification requirements under the that motor carriers face in reporting recommendation 3 above is used within
FAST Act are satisfied. VMT data? the IRT model, should it be made
On June 27, 2017, NAS published the 4. What information is available from available publicly to allow a full
report titled, ‘‘Improving Motor Carrier the States to improve exposure data? replication of the results?
Safety Measurement.’’ The report is 5. What additional data should 3. What features should a user-
available at https://www.nap.edu/ FMCSA consider collecting from friendly MCMIS data file include?
catalog/24818/improving-motor-carrier- carriers? Why? 4. Would industry stakeholders find a
safety-measurement. A copy of the 6. What external sources of exposure user-friendly MCMIS data file useful?
report has been placed in the docket and crash data should FMCSA explore? Why?
referenced at the beginning of this 7. In addition to the data currently 5. How often should this user-friendly
notice. collected by FMCSA, what other MCMIS data file be updated (e.g.,
Pursuant to the FAST Act, FMCSA exposure data would motor carriers be monthly, quarterly, annually etc.)?
submitted the results of this study to willing to share? Issued under the authority delegated in 49
both Congress and the DOT OIG on i. More frequent updates to mileage CFR 1.87 on: August 13, 2018
August 7, 2017. The FAST Act also and PU data Raymond P. Martinez,
requires FMCSA to submit an action ii. Number/type of trips
Administrator.
plan to the Senate Committee on iii. Mileage breakdown by State
iv. Other options? [FR Doc. 2018–17987 Filed 8–20–18; 8:45 am]
Commerce, Science, and Transportation;
and the House of Representatives 8. What incentives would encourage BILLING CODE 4910–EX–P
Transportation and Infrastructure motor carriers to share additional
Committee. information?
To solicit input during the DEPARTMENT OF THE TREASURY
NAS Recommendation 3
development of the corrective action
plan, FMCSA hosted a public meeting FMCSA should investigate ways of Internal Revenue Service
on September 8, 2017. Information from collecting data that will likely benefit
the recommended methodology for Proposed Collection; Comment
the public meeting was incorporated Request for Regulation Project
into the action plan. The corrective safety assessment. This includes data on
action plan was transmitted on June 25, carrier characteristics—such as AGENCY: Internal Revenue Service (IRS),
2018. The OIG is required to review the information on driver turnover rate, Treasury.
action plan and submit a report to type of cargo, method and level of ACTION: Notice and request for
Congress on the responsiveness of the compensation, and better information comments.
FMCSA’s plan to the NAS report’s on exposure.
recommendations. SUMMARY: The Internal Revenue Service,
Questions
FMCSA’s corrective action plan as part of its continuing effort to reduce
includes solicitation of input from the 1. What additional data should paperwork and respondent burden,
public for recommendations 2, 3 and 4. FMCSA consider collecting to support invites the general public and other
As a result, FMCSA is soliciting the recommended methodology for Federal agencies to take this
responses to the following questions at safety assessment (i.e., IRT model)? opportunity to comment on continuing
the public meeting and through the a. Would this data be useful for safety information collections, as required by
docket referenced above. assessments? the Paperwork Reduction Act of 1995.
b. What are the challenges to The IRS is soliciting comments
NAS Recommendation 2 collecting or using the data concerning notice concerning fiduciary
FMCSA should continue to recommended by NAS? relationship and notice concerning
collaborate with States and other i. Driver turnover rate fiduciary relationship of financial
agencies to improve the quality of the ii. Type of cargo institution.
Motor Carrier Management Information iii. Method of compensation
DATES: Written comments should be
System (MCMIS) data in SMS. Two iv. Level of compensation
v. Better information on exposure received on or before October 22, 2018
specific data elements require to be assured of consideration.
immediate attention: Carrier exposure 2. What pay-related and/or driver-
ADDRESSES: Direct all written comments
and crash data. The current exposure turnover-related data would carriers be
to Laurie Brimmer, Internal Revenue
data (e.g., Power Unit (PU) and Vehicle willing to share?
Service, Room 6529, 1111 Constitution
Miles Traveled (VMT) data) are missing
NAS Recommendation 4 Avenue NW, Washington, DC 20224.
with high frequency, and data that are
collected are likely of unsatisfactory FMCSA should structure a user- FOR FURTHER INFORMATION CONTACT:
quality. friendly version of the MCMIS data file Requests for additional information or
used as input to SMS without any copies of the form should be directed to
Questions personally identifiable information to Kerry Dennis, at (202) 317–5751 or
1. What should FMCSA do to improve facilitate its use by external parties, Internal Revenue Service, Room 6529,
the collection of PU, VMT, and driver such as researchers, and carriers. 1111 Constitution Avenue NW,
count data? For example, should Washington, DC 20224, or through the
Questions internet, at Kerry.Dennis@irs.gov.
sradovich on DSK3GMQ082PROD with NOTICES
FMCSA use edit checks to verify the
accuracy of the data? FMCSA is planning to develop a web SUPPLEMENTARY INFORMATION:
2. VMT, PU, and number of page to make simplified MCMIS data Title: Notice Concerning Fiduciary
inspections are the current measures of snapshots available to researchers, Relationship and Notice Concerning
exposure used in SMS. Are there other motor carriers, safety consultants, and Fiduciary Relationship of Financial
ways FMCSA should consider the public Institution.
measuring carrier exposure with data 1. What features should this web page OMB Number: 1545–0013.
that is already available to FMCSA? include? Form Number: 56 and 56–F.
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![42356 Federal Register / Vol. 83, No. 162 / Tuesday, August 21, 2018 / Notices
Abstract: Form 56 is used to inform technology; and (e) estimates of capital OMB Number: 1545–1540.
the IRS that a person is acting for or start-up costs and costs of operation, Treasury Decision Number: 9308.
another person in a fiduciary capacity maintenance, and purchase of services Abstract: Under regulation section
so that the IRS may mail tax notices to to provide information. 1.671–5, the trustee or the middleman
the fiduciary concerning the person for Approved: August 13, 2018.
who holds an interest in a widely held
whom he/she is acting. The data is used fixed investment trust for an investor
Laurie Brimmer,
to ensure that the fiduciary relationship will be required to provide a Form 1099
Senior Tax Analyst. to the IRS and a tax information
is established or terminated and to mail
or discontinue mailing designated tax [FR Doc. 2018–17946 Filed 8–20–18; 8:45 am] statement to the investor. The trust is
notices to the fiduciary. The filing of BILLING CODE 4830–01–P also required to provide more detailed
Form 56–F by a fiduciary (FDIC or other tax information to middlemen and
federal agency acting as a receiver or certain other persons, upon request.
conservator of a failed financial DEPARTMENT OF THE TREASURY Current Actions: There are no changes
institution (bank or thrift) gives the IRS to the collection at this time.
Internal Revenue Service
the necessary information to submit Type of Review: Extension without
send letters, notices, and notices of tax Proposed Collection; Comment change of currently approved collection.
liability to the federal fiduciary now in Request on Information Collection for Affected Public: Business or other for-
charge of the financial institution rather T.D. 9308 profit organizations.
than sending the notice, etc. to the Estimated Number of Respondents:
institution’s last known address. AGENCY: Internal Revenue Service (IRS), 1,200.
Current Actions: There are no changes Treasury. Estimated Time per Respondent: 2
being made to the burden associated ACTION: Notice and request for hours.
with the collection tools at this time. comments. Estimated Total Annual Burden
Type of Review: Extension of a Hours: 2,400.
currently approved collection. SUMMARY: The Internal Revenue Service, The following paragraph applies to all
Affected Public: Business or other for- as part of its continuing effort to reduce of the collections of information covered
profit organizations, and individuals or paperwork and respondent burden, by this notice:
households. invites the general public and other An agency may not conduct or
Estimated Number of Respondents: Federal agencies to take this sponsor, and a person is not required to
174,050. opportunity to comment on proposed respond to, a collection of information
Estimated Time per Respondent: 2 and/or continuing information unless the collection of information
hrs. collections, as required by the displays a valid OMB control number.
Estimated Total Annual Burden Paperwork Reduction Act of 1995. Books or records relating to a collection
Hours: 349,786. Currently, the IRS is soliciting of information must be retained as long
The following paragraph applies to all comments concerning the burden as their contents may become material
of the collections of information covered associated with Treasury Decision 9308, in the administration of any internal
by this notice. Reporting Requirements for Widely revenue law. Generally, tax returns and
An agency may not conduct or Held Fixed Investment Trusts. tax return information are confidential,
sponsor, and a person is not required to Previously Treasury Decision 9279. as required by 26 U.S.C. 6103.
respond to, a collection of information DATES: Written comments should be Request for Comments: Comments
unless the collection of information received on or before October 22, 2018 submitted in response to this notice will
displays a valid OMB control number. to be assured of consideration. be summarized and/or included in the
Books or records relating to a collection request for OMB approval. All
ADDRESSES: Direct all written comments
of information must be retained as long comments will become a matter of
as their contents may become material to Laurie Brimmer, Internal Revenue
Service, Room 6529, 1111 Constitution public record. Comments are invited on:
in the administration of any internal (a) Whether the collection of
revenue law. Generally, tax returns and Avenue NW, Washington, DC 20224.
Please send separate comments for each information is necessary for the proper
tax return information are confidential, performance of the functions of the
as required by 26 U.S.C. 6103. specific information collection listed
below. You must reference the agency, including whether the
Request for Comments: Comments information shall have practical utility;
submitted in response to this notice will information collection’s title, form
number, reporting or record-keeping (b) the accuracy of the agency’s estimate
be summarized and/or included in the of the burden of the collection of
request for OMB approval. All requirement number, and OMB number
(if any) in your comment. information; (c) ways to enhance the
comments will become a matter of quality, utility, and clarity of the
public record. Comments are invited on: FOR FURTHER INFORMATION CONTACT:
information to be collected; (d) ways to
(a) Whether the collection of Requests for additional information or minimize the burden of the collection of
information is necessary for the proper copies of the collection tools should be information on respondents, including
performance of the functions of the directed to Alissa Berry, at (901) 707– through the use of automated collection
agency, including whether the 4988, at Internal Revenue Service, Room techniques or other forms of information
information shall have practical utility; 6529, 1111 Constitution Avenue NW, technology; and (e) estimates of capital
(b) the accuracy of the agency’s estimate Washington, DC 20224, or through the or start-up costs and costs of operation,
of the burden of the collection of internet at Alissa.A.Berry@irs.gov.
sradovich on DSK3GMQ082PROD with NOTICES
maintenance, and purchase of services
information; (c) ways to enhance the SUPPLEMENTARY INFORMATION: Currently, to provide information.
quality, utility, and clarity of the the IRS is seeking comments concerning
information to be collected; (d) ways to Approved: August 15, 2018.
the following information collection
minimize the burden of the collection of tools, reporting, and record-keeping Laurie Brimmer,
information on respondents, including requirements: Senior Tax Analyst.
through the use of automated collection Title: Reporting Requirements for [FR Doc. 2018–17943 Filed 8–20–18; 8:45 am]
techniques or other forms of information Widely Held Fixed Investment Trusts. BILLING CODE 4830–01–P
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Document Created: 2018-08-21 00:06:34
Document Modified: 2018-08-21 00:06:34
| 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 October 22, 2018 to be assured of consideration. | |
| Contact | Requests for additional information or copies of the form should be directed to Kerry Dennis, at (202) 317- 5751 or Internal Revenue Service, Room 6529, 1111 Constitution Avenue NW, Washington, DC 20224, or through the internet, at [email protected] | |
| FR Citation | 83 FR 42355 |
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