83 FR 42356 - Proposed Collection; Comment Request on Information Collection for T.D. 9308

DEPARTMENT OF THE TREASURY
Internal Revenue Service

Federal Register Volume 83, Issue 162 (August 21, 2018)

Page Range		42356-42356
FR Document		2018-17943

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 the burden associated with Treasury Decision 9308, Reporting Requirements for Widely Held Fixed Investment Trusts. Previously Treasury Decision 9279.

Federal Register, Volume 83 Issue 162 (Tuesday, August 21, 2018)

[Federal Register Volume 83, Number 162 (Tuesday, August 21, 2018)]
[Notices]
[Page 42356]
From the Federal Register Online  [www.thefederalregister.org]
[FR Doc No: 2018-17943]


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

DEPARTMENT OF THE TREASURY

Internal Revenue Service


Proposed Collection; Comment Request on Information Collection 
for T.D. 9308

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. Currently, the IRS is soliciting 
comments concerning the burden associated with Treasury Decision 9308, 
Reporting Requirements for Widely Held Fixed Investment Trusts. 
Previously Treasury Decision 9279.

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. Please send separate comments for each specific information 
collection listed below. You must reference the information 
collection's title, form number, reporting or record-keeping 
requirement number, and OMB number (if any) in your comment.

FOR FURTHER INFORMATION CONTACT: Requests for additional information or 
copies of the collection tools should be directed to Alissa Berry, at 
(901) 707-4988, at Internal Revenue Service, Room 6529, 1111 
Constitution Avenue NW, Washington, DC 20224, or through the internet 
at Alissa.A.Berry@irs.gov.

SUPPLEMENTARY INFORMATION: Currently, the IRS is seeking comments 
concerning the following information collection tools, reporting, and 
record-keeping requirements:
    Title: Reporting Requirements for Widely Held Fixed Investment 
Trusts.
    OMB Number: 1545-1540.
    Treasury Decision Number: 9308.
    Abstract: Under regulation section 1.671-5, the trustee or the 
middleman who holds an interest in a widely held fixed investment trust 
for an investor will be required to provide a Form 1099 to the IRS and 
a tax information statement to the investor. The trust is also required 
to provide more detailed tax information to middlemen and certain other 
persons, upon request.
    Current Actions: There are no changes to the collection at this 
time.
    Type of Review: Extension without change of currently approved 
collection.
    Affected Public: Business or other for-profit organizations.
    Estimated Number of Respondents: 1,200.
    Estimated Time per Respondent: 2 hours.
    Estimated Total Annual Burden Hours: 2,400.
    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 15, 2018.
Laurie Brimmer,
Senior Tax Analyst.
[FR Doc. 2018-17943 Filed 8-20-18; 8:45 am]
 BILLING CODE 4830-01-P

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

VerDate Sep<11>2014 17:31 Aug 20, 2018 Jkt 244001 PO 00000 Frm 00105 Fmt 4703 Sfmt 9990 E:\FR\FM\21AUN1.SGM 21AUN1

Document Created: 2018-08-21 00:06:51
Document Modified: 2018-08-21 00:06:51

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 collection tools should be directed to Alissa Berry, at (901) 707-4988, at Internal Revenue Service, Room 6529, 1111 Constitution Avenue NW, Washington, DC 20224, or through the internet at [email protected]
FR Citation		83 FR 42356

83 FR 42356 - Proposed Collection; Comment Request on Information Collection for T.D. 9308

DEPARTMENT OF THE TREASURYInternal Revenue Service

Federal Register Volume 83, Issue 162 (August 21, 2018)

DEPARTMENT OF THE TREASURY
Internal Revenue Service