83 FR 49454 - Proposed Collection; Comment Request for Regulation Project

DEPARTMENT OF THE TREASURY
Internal Revenue Service

Federal Register Volume 83, Issue 190 (October 1, 2018)

Page Range		49454-49455
FR Document		2018-21283

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 combined information reporting.

Federal Register, Volume 83 Issue 190 (Monday, October 1, 2018)

[Federal Register Volume 83, Number 190 (Monday, October 1, 2018)]
[Notices]
[Pages 49454-49455]
From the Federal Register Online  [www.thefederalregister.org]
[FR Doc No: 2018-21283]


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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.

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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 
combined information reporting.

DATES: Written comments should be received on or before November 30, 
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: Combined Information Reporting.
    OMB Number: 1545-1667.
    Form Number: Revenue Procedure 99-50.
    Abstract: Revenue Procedure 99-50 permits combined information 
reporting by a successor business entity (i.e., a corporation, 
partnership, or sole proprietorship) in certain situations following a 
merger or an acquisition. Combined information reporting may be elected 
by a successor with respect to certain Forms 1042-S, all forms in the 
series 1098, 1099, and 5498, and Forms W-2G. The successor must file a 
statement with the IRS indicating what forms are being filed on a 
combined basis.
    Current Actions: There are no changes being made to the burden 
associated with the collection at this time.
    Type of Review: Extension of a currently approved collection.
    Affected Public: Business or other for-profit organizations, not-
for-profit institutions, and farms.
    Estimated Number of Respondents: 6,000.
    Estimated Time per Respondent: 5 minutes.
    Estimated Total Annual Burden Hours: 500.
    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

[[Page 49455]]

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: September 20, 2018.
Laurie Brimmer,
Senior Tax Analyst.
[FR Doc. 2018-21283 Filed 9-28-18; 8:45 am]
 BILLING CODE 4830-01-P

49454 Federal Register / Vol. 83, No. 190 / Monday, October 1, 2018 / Notices

Notice and request for
ACTION: Estimated Total Annual Burden concerning combined information
comments. Hours: 50. reporting.
The following paragraph applies to all DATES: Written comments should be
SUMMARY: The Internal Revenue Service, of the collections of information covered
as part of its continuing effort to reduce received on or before November 30,
by this notice: 2018 to be assured of consideration.
paperwork and respondent burden, An agency may not conduct or
invites the general public and other sponsor, and a person is not required to ADDRESSES: Direct all written comments
Federal agencies to take this respond to, a collection of information to Laurie Brimmer, Internal Revenue
opportunity to comment on proposed unless the collection of information Service, Room 6529, 1111 Constitution
and/or continuing information displays a valid OMB control number. Avenue NW, Washington, DC 20224.
collections, as required by the Books or records relating to a collection FOR FURTHER INFORMATION CONTACT:
Paperwork Reduction Act of 1995. of information must be retained as long Requests for additional information or
Currently, the IRS is soliciting as their contents may become material copies of the form should be directed to
comments concerning Treasury in the administration of any internal Kerry Dennis, at (202) 317–5751 or
Decision 8396, Conclusive Presumption revenue law. Generally, tax returns and Internal Revenue Service, Room 6529,
of Worthlessness of Debts Held by tax return information are confidential, 1111 Constitution Avenue NW,
Banks (FI–34–91). as required by 26 U.S.C. 6103. Washington DC 20224, or through the
DATES: Written comments should be Request for Comments: Comments internet, at Kerry.Dennis@irs.gov.
received on or before November 30, submitted in response to this notice will SUPPLEMENTARY INFORMATION:
2018 to be assured of consideration. be summarized and/or included in the Title: Combined Information
ADDRESSES: Direct all written comments request for OMB approval. All Reporting.
to Laurie Brimmer, Internal Revenue comments will become a matter of OMB Number: 1545–1667.
Service, Room 6529, 1111 Constitution public record. Comments are invited on: Form Number: Revenue Procedure
Avenue NW, Washington, DC 20224. (a) Whether the collection of 99–50.
Please send separate comments for each information is necessary for the proper Abstract: Revenue Procedure 99–50
specific information collection listed performance of the functions of the permits combined information reporting
below. You must reference the agency, including whether the by a successor business entity (i.e., a
information collection’s title, form information shall have practical utility; corporation, partnership, or sole
number, reporting or record-keeping (b) the accuracy of the agency’s estimate proprietorship) in certain situations
requirement number, and OMB number of the burden of the collection of following a merger or an acquisition.
(if any) in your comment. information; (c) ways to enhance the Combined information reporting may be
FOR FURTHER INFORMATION CONTACT: quality, utility, and clarity of the elected by a successor with respect to
Requests for additional information or information to be collected; (d) ways to certain Forms 1042–S, all forms in the
copies of the collection tools should be minimize the burden of the collection of series 1098, 1099, and 5498, and Forms
directed to Alissa Berry, at (901) 707– information on respondents, including W–2G. The successor must file a
4988, at Internal Revenue Service, Room through the use of automated collection statement with the IRS indicating what
6529, 1111 Constitution Avenue NW, techniques or other forms of information forms are being filed on a combined
Washington, DC 20224, or through the technology; and (e) estimates of capital basis.
internet at Alissa.A.Berry@irs.gov. or start-up costs and costs of operation, Current Actions: There are no changes
SUPPLEMENTARY INFORMATION: Currently, maintenance, and purchase of services being made to the burden associated
the IRS is seeking comments concerning to provide information. with the collection at this time.
the following information collection Type of Review: Extension of a
Approved: September 24, 2018.
tools, reporting, and record-keeping currently approved collection.
Laurie Brimmer, Affected Public: Business or other for-
requirements: Senior Tax Analyst.
Title: Conclusive Presumption of profit organizations, not-for-profit
Worthlessness of Debts Held by Banks
[FR Doc. 2018–21281 Filed 9–28–18; 8:45 am] institutions, and farms.
(FI–34–91). BILLING CODE 4830–01–P Estimated Number of Respondents:
OMB Number: 1545–1254. 6,000.
Treasury Decision Number: 8396. Estimated Time per Respondent: 5
Abstract: Section 1.166–2(d)(3) of this DEPARTMENT OF THE TREASURY minutes.
regulation allows a bank to elect to Estimated Total Annual Burden
Internal Revenue Service Hours: 500.
determine the worthlessness of debts by
using a method of accounting that The following paragraph applies to all
Proposed Collection; Comment of the collections of information covered
conforms worthlessness for tax purposes Request for Regulation Project
to worthlessness for regulatory by this notice.
purposes, and establish a conclusive AGENCY: Internal Revenue Service (IRS), An agency may not conduct or
presumption of worthlessness. An Treasury. sponsor, and a person is not required to
election under this regulation is treated ACTION: Notice and request for respond to, a collection of information
as a change in accounting method. comments. unless the collection of information
Current Actions: There are no changes displays a valid OMB control number.
to the collection at this time. SUMMARY: The Internal Revenue Service, Books or records relating to a collection
Type of Review: Extension without as part of its continuing effort to reduce of information must be retained as long
amozie on DSK3GDR082PROD with NOTICES

change of currently approved collection. paperwork and respondent burden, as their contents may become material
Affected Public: Business or other for- invites the general public and other in the administration of any internal
profit organizations. Federal agencies to take this revenue law. Generally, tax returns and
Estimated Number of Respondents: opportunity to comment on continuing tax return information are confidential,
200. information collections, as required by as required by 26 U.S.C. 6103.
Estimated Time per Respondent: 15 the Paperwork Reduction Act of 1995. Request for Comments: Comments
minutes. The IRS is soliciting comments submitted in response to this notice will

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Federal Register / Vol. 83, No. 190 / Monday, October 1, 2018 / Notices 49455

be summarized and/or included in the OMB Number: 1545–1982. Approved: September 20, 2018.
request for OMB approval. All Form Number: Form 8906. Laurie Brimmer,
comments will become a matter of Senior Tax Analyst.
public record. Comments are invited on: Abstract: Form 8906, Distilled Spirits
[FR Doc. 2018–21284 Filed 9–28–18; 8:45 am]
(a) Whether the collection of Credit, was developed to carry out the
BILLING CODE 4830–01–P
information is necessary for the proper provisions of IRC section 5011(a). This
performance of the functions of the section allows eligible wholesalers and
agency, including whether the persons subject to IRC section 5055 an DEPARTMENT OF THE TREASURY
information shall have practical utility; income tax credit for the average cost of
(b) the accuracy of the agency’s estimate carrying excise tax on bottled distilled Internal Revenue Service
of the burden of the collection of spirits. The form provides a means for
information; (c) ways to enhance the the eligible taxpayer to compute the Proposed Collection; Comment
quality, utility, and clarity of the amount of credit. Request for Regulation Project
information to be collected; (d) ways to Current Actions: There are no changes AGENCY: Internal Revenue Service (IRS),
minimize the burden of the collection of being made to the burden associated Treasury.
information on respondents, including with the collection tool at this time. ACTION: Notice and request for
through the use of automated collection
Type of Review: Extension of a comments.
techniques or other forms of information
currently approved collection.
technology; and (e) estimates of capital SUMMARY: The Internal Revenue Service,
or start-up costs and costs of operation, Affected Public: Businesses and other as part of its continuing effort to reduce
maintenance, and purchase of services for-profit, organizations, and farms. paperwork and respondent burden,
to provide information. Estimated Number of Respondents: invites the general public and other
Approved: September 20, 2018. 300. Federal agencies to take this
Laurie Brimmer, Estimated Time per Respondent: 1 opportunity to comment on continuing
Senior Tax Analyst. hour, 52 minutes. information collections, as required by
[FR Doc. 2018–21283 Filed 9–28–18; 8:45 am]
the Paperwork Reduction Act of 1995.
Estimated Total Annual Burden The IRS is soliciting comments
BILLING CODE 4830–01–P Hours: 558. concerning return of U.S. persons with
The following paragraph applies to all respect to certain foreign partnerships
DEPARTMENT OF THE TREASURY of the collections of information covered and consent to extend the time to assess
by this notice. tax pursuant to the gain deferral
Internal Revenue Service An agency may not conduct or method.
sponsor, and a person is not required to DATES: Written comments should be
Proposed Collection; Comment respond to, a collection of information received on or before November 30,
Request for Regulation Project unless the collection of information 2018 to be assured of consideration.
AGENCY: Internal Revenue Service (IRS), displays a valid OMB control number. ADDRESSES: Direct all written comments
Treasury. Books or records relating to a collection to Laurie Brimmer, Internal Revenue
ACTION: Notice and request for of information must be retained as long Service, Room 6529, 1111 Constitution
comments. as their contents may become material Avenue NW, Washington, DC 20224.
in the administration of any internal FOR FURTHER INFORMATION CONTACT:
SUMMARY: The Internal Revenue Service, revenue law. Generally, tax returns and Requests for additional information or
as part of its continuing effort to reduce tax return information are confidential, copies of the form should be directed to
paperwork and respondent burden, as required by 26 U.S.C. 6103. Kerry Dennis, at (202) 317–5751 or
invites the general public and other Request for Comments: Comments Internal Revenue Service, Room 6529,
Federal agencies to take this submitted in response to this notice will 1111 Constitution Avenue NW,
opportunity to comment on continuing be summarized and/or included in the Washington, DC 20224, or through the
information collections, as required by request for OMB approval. All internet, at Kerry.Dennis@irs.gov.
the Paperwork Reduction Act of 1995.
comments will become a matter of SUPPLEMENTARY INFORMATION:
The IRS is soliciting comments
public record. Comments are invited on: Title: Return of U.S. Persons With
concerning distilled spirits credit.
(a) Whether the collection of Respect to Certain Foreign Partnerships
DATES: Written comments should be information is necessary for the proper (and associated schedules) and Consent
received on or before November 30, performance of the functions of the To Extend the Time To Assess Tax
2018 to be assured of consideration. agency, including whether the Pursuant to the Gain Deferral Method.
ADDRESSES: Direct all written comments information shall have practical utility; OMB Number: 1545–1668.
to Laurie Brimmer, Internal Revenue (b) the accuracy of the agency’s estimate Form Number: Form 8865, Schedules
Service, Room 6529, 1111 Constitution of the burden of the collection of A, A–1, A–2, B, G, H, N, K, K–1, K–1
Avenue NW, Washington, DC 20224. information; (c) ways to enhance the (15a), L, M, M–1, M–2, O, P, and Form
FOR FURTHER INFORMATION CONTACT: quality, utility, and clarity of the 8838 P.
Requests for additional information or information to be collected; (d) ways to Abstract: The Taxpayer Relief Act of
copies of the form should be directed to minimize the burden of the collection of 1997 significantly modified the
amozie on DSK3GDR082PROD with NOTICES

Kerry Dennis, at (202) 317–5751 or information on respondents, including information reporting requirements with
Internal Revenue Service, Room 6529, through the use of automated collection respect to foreign partnerships. The Act
1111 Constitution Avenue NW, techniques or other forms of information made the following three changes: (1)
Washington DC 20224, or through the technology; and (e) estimates of capital Expanded Code section 6038B to require
internet, at Kerry.Dennis@irs.gov. or start-up costs and costs of operation, U.S. persons transferring property to
SUPPLEMENTARY INFORMATION: maintenance, and purchase of services foreign partnerships in certain
Title: Distilled Spirits Credit. to provide information. transactions to report those transfers; (2)

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Document Created: 2018-09-29 04:26:17
Document Modified: 2018-09-29 04:26:17

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 November 30, 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 49454

83 FR 49454 - Proposed Collection; Comment Request for Regulation Project

DEPARTMENT OF THE TREASURYInternal Revenue Service

Federal Register Volume 83, Issue 190 (October 1, 2018)

DEPARTMENT OF THE TREASURY
Internal Revenue Service