83 FR 54176 - Proposed Collection; Comment Request on Information Collection for Treasury Decision 8517, Debt Instruments With Original Discount; Imputed Interest on Deferred Payment Sales or Exchanges of Property; Treasury Decision 9599, Property Traded on an Established Market

DEPARTMENT OF THE TREASURY
Internal Revenue Service

Federal Register Volume 83, Issue 208 (October 26, 2018)

Page Range		54176-54177
FR Document		2018-23482

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 Treasury Decision 8517, Debt Instruments with Original Discount; Imputed Interest on Deferred Payment Sales or Exchanges of Property; Treasury Decision 9599, Property Traded on an Established Market.

Federal Register, Volume 83 Issue 208 (Friday, October 26, 2018)

[Federal Register Volume 83, Number 208 (Friday, October 26, 2018)]
[Notices]
[Pages 54176-54177]
From the Federal Register Online  [www.thefederalregister.org]
[FR Doc No: 2018-23482]


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DEPARTMENT OF THE TREASURY

Internal Revenue Service


Proposed Collection; Comment Request on Information Collection 
for Treasury Decision 8517, Debt Instruments With Original Discount; 
Imputed Interest on Deferred Payment Sales or Exchanges of Property; 
Treasury Decision 9599, Property Traded on an Established Market

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 Treasury Decision 8517, Debt Instruments with 
Original Discount; Imputed Interest on Deferred Payment Sales or 
Exchanges of Property; Treasury Decision 9599, Property Traded on an 
Established Market.

DATES: Written comments should be received on or before December 26, 
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 [email protected].

SUPPLEMENTARY INFORMATION: Currently, the IRS is seeking comments 
concerning the following information collection tools, reporting, and 
record-keeping requirements:
    Title: Debt Instruments with Original Discount; Imputed Interest on 
Deferred Payment Sales or Exchanges of Property; Property Traded on an 
Established Market.
    OMB Number: 1545-1353.
    Treasury Decision Numbers: 8517; 9599.
    Abstract: These regulations provide definitions, reporting 
requirements, elections, and general rules relating to the tax 
treatment of debt instruments with original issue discount and the 
imputation of, and accounting for, interest on certain sales or 
exchanges of property.
    Current Actions: Correction of the estimated number of responses 
reported in TD 9599.
    Type of Review: Revision of a currently approved collection.
    Affected Public: Business or other for-profit organizations, 
Individuals or Households.
    Taxpayer Burden Estimates:
    Treasury Decision 8517:
    Estimated Number of Respondents: 525,000.
    Estimated Time per Response: 21 minutes.
    Estimated Total Annual Burden Hours: 185,500.
    Treasury Decision 9599:
    Estimated Number of Respondents: 20,000.
    Estimated Time per Response: 5 minutes.
    Estimated Total Annual Burden Hours: 10,000.
    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

[[Page 54177]]

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: October 23, 2018.
Laurie Brimmer,
Senior Tax Analyst.
[FR Doc. 2018-23482 Filed 10-25-18; 8:45 am]
 BILLING CODE 4830-01-P

54176 Federal Register / Vol. 83, No. 208 / Friday, October 26, 2018 / Notices

TALIBAN, an entity determined to be subject 8. RAZAVI, Esma’il (a.k.a. MOHAJERI, specific information collection listed
to E.O. 13224. Mostafa); DOB 1959; Gender Male below. You must reference the
3. MUZZAMIL, Mohammad Daoud (a.k.a. (individual) [SDGT] (Linked To: ISLAMIC information collection’s title, form
DAWOUD, Muhammad); DOB 1983; POB REVOLUTIONARY GUARD CORPS (IRGC)-
number, reporting or record-keeping
Nahr-e Saraj District, Helmand Province, QODS FORCE; Linked To: TALIBAN).
Afghanistan; Gender Male (individual) Designated pursuant to section 1(c) of requirement number, and OMB number
[SDGT] (Linked To: TALIBAN). Executive Order 13224 of September 23, (if any) in your comment.
Designated pursuant to section 1(c) of 2001, ‘‘Blocking Property and Prohibiting FOR FURTHER INFORMATION CONTACT:
Executive Order 13224 of September 23, Transactions With Persons Who Commit, Requests for additional information or
2001, ‘‘Blocking Property and Prohibiting Threaten to Commit, or Support Terrorism’’ copies of the collection tools should be
Transactions With Persons Who Commit, (E.O. 13224) for acting for or on behalf of the directed to Alissa Berry, at (901) 707–
Threaten to Commit, or Support Terrorism’’ ISLAMIC REVOLUTIONARY GUARD CORPS
(E.O. 13224) for acting for or on behalf of the 4988, at Internal Revenue Service, Room
(IRGC)-QODS FORCE, an entity determined
TALIBAN, an entity determined to be subject to be subject to E.O. 13224. Also designated
6529, 1111 Constitution Avenue NW,
to E.O. 13224. pursuant to 1(d)(i) of E.O. 13224 for assisting Washington, DC 20224, or through the
4. IBRAHIM, Sadr, Afghanistan; DOB 1967; in, sponsoring, or providing financial, internet at Alissa.A.Berry@irs.gov.
alt. DOB 1968; alt. DOB 1966; Gender Male material, or technological support for, or SUPPLEMENTARY INFORMATION: Currently,
(individual) [SDGT] (Linked To: TALIBAN). financial or other services to or in support of, the IRS is seeking comments concerning
Designated pursuant to section 1(c) of the TALIBAN, an entity determined to be
Executive Order 13224 of September 23,
the following information collection
subject to E.O. 13224. tools, reporting, and record-keeping
2001, ‘‘Blocking Property and Prohibiting
Transactions With Persons Who Commit, Dated: October 23, 2018. requirements:
Threaten to Commit, or Support Terrorism’’ Andrea Gacki, Title: Debt Instruments with Original
(E.O. 13224) for acting for or on behalf of the Director, Office of Foreign Assets Control. Discount; Imputed Interest on Deferred
TALIBAN, an entity determined to be subject [FR Doc. 2018–23486 Filed 10–25–18; 8:45 am] Payment Sales or Exchanges of Property;
to E.O. 13224. Property Traded on an Established
BILLING CODE 4810–AL–P
5. MAJID, Hafiz Abdul (a.k.a. ‘‘MAJID, Market.
Hafiz’’), Pakistan; DOB 1972; alt. DOB 1973; OMB Number: 1545–1353.
alt. DOB 1971; Gender Male (individual)
[SDGT] (Linked To: TALIBAN). DEPARTMENT OF THE TREASURY Treasury Decision Numbers: 8517;
Designated pursuant to section 1(c) of 9599.
Executive Order 13224 of September 23, Internal Revenue Service Abstract: These regulations provide
2001, ‘‘Blocking Property and Prohibiting definitions, reporting requirements,
Transactions With Persons Who Commit, Proposed Collection; Comment elections, and general rules relating to
Threaten to Commit, or Support Terrorism’’ Request on Information Collection for the tax treatment of debt instruments
(E.O. 13224) for acting for or on behalf of the Treasury Decision 8517, Debt with original issue discount and the
TALIBAN, an entity determined to be subject Instruments With Original Discount; imputation of, and accounting for,
to E.O. 13224. Imputed Interest on Deferred Payment interest on certain sales or exchanges of
6. AZIZ, Abdul (a.k.a. ‘‘BALOCH, Abdul Sales or Exchanges of Property; property.
Aziz’’; a.k.a. ‘‘ZAMANI, Aziz Shah’’), House Treasury Decision 9599, Property
#29, 30th St., Karachi, Pakistan; Quetta, Current Actions: Correction of the
Traded on an Established Market estimated number of responses reported
Pakistan; DOB 1985; Gender Male; Passport
AP1810244 expires 31 Oct 2026 (individual) AGENCY: Internal Revenue Service (IRS), in TD 9599.
[SDGT] (Linked To: TALIBAN). Treasury. Type of Review: Revision of a
Designated pursuant to section 1(d)(i) of currently approved collection.
Executive Order 13224 of September 23, ACTION: Notice and request for
Affected Public: Business or other for-
2001, ‘‘Blocking Property and Prohibiting comments. profit organizations, Individuals or
Transactions With Persons Who Commit, Households.
Threaten to Commit, or Support Terrorism’’ SUMMARY: The Internal Revenue Service,
as part of its continuing effort to reduce Taxpayer Burden Estimates:
(E.O. 13224) for assisting in, sponsoring, or
providing financial, material, or paperwork and respondent burden, Treasury Decision 8517:
technological support for, or financial or invites the general public and other Estimated Number of Respondents:
other services to or in support of, the Federal agencies to take this 525,000.
TALIBAN, an entity determined to be subject opportunity to comment on proposed Estimated Time per Response: 21
to E.O. 13224. and/or continuing information minutes.
7. OWHADI, Mohammad Ebrahim (a.k.a.
collections, as required by the Estimated Total Annual Burden
OWHADI, Jalal; a.k.a. TAHERI, Jalal; a.k.a. Hours: 185,500.
VAHEDI, Jalal); DOB 1963; Gender Male Paperwork Reduction Act of 1995.
Currently, the IRS is soliciting Treasury Decision 9599:
(individual) [SDGT] (Linked To: ISLAMIC Estimated Number of Respondents:
REVOLUTIONARY GUARD CORPS (IRGC)- comments concerning Treasury
Decision 8517, Debt Instruments with 20,000.
QODS FORCE; Linked To: TALIBAN).
Designated pursuant to section 1(c) of Original Discount; Imputed Interest on Estimated Time per Response: 5
Executive Order 13224 of September 23, Deferred Payment Sales or Exchanges of minutes.
2001, ‘‘Blocking Property and Prohibiting Property; Treasury Decision 9599, Estimated Total Annual Burden
Transactions With Persons Who Commit, Property Traded on an Established Hours: 10,000.
Threaten to Commit, or Support Terrorism’’
Market. The following paragraph applies to all
(E.O. 13224) for acting for or on behalf of the of the collections of information covered
ISLAMIC REVOLUTIONARY GUARD CORPS DATES: Written comments should be by this notice:
khammond on DSK30JT082PROD with NOTICES

(IRGC)-QODS FORCE, an entity determined received on or before December 26, 2018 An agency may not conduct or
to be subject to E.O. 13224. Also designated to be assured of consideration. sponsor, and a person is not required to
pursuant to 1(d)(i) of E.O. 13224 for assisting
in, sponsoring, or providing financial, ADDRESSES: Direct all written comments respond to, a collection of information
material, or technological support for, or to Laurie Brimmer, Internal Revenue unless the collection of information
financial or other services to or in support of, Service, Room 6529, 1111 Constitution displays a valid OMB control number.
the TALIBAN, an entity determined to be Avenue NW, Washington, DC 20224. Books or records relating to a collection
subject to E.O. 13224. Please send separate comments for each of information must be retained as long

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Federal Register / Vol. 83, No. 208 / Friday, October 26, 2018 / Notices 54177

as their contents may become material Service, Room 6526, 1111 Constitution accuracy of the agency’s estimate of the
in the administration of any internal Avenue NW, Washington, DC 20224. burden of the collection of information;
revenue law. Generally, tax returns and FOR FURTHER INFORMATION CONTACT: (c) ways to enhance the quality, utility,
tax return information are confidential, Requests for additional information or and clarity of the information to be
as required by 26 U.S.C. 6103. copies of this notice should be directed collected; (d) ways to minimize the
Request for Comments: Comments to Martha R. Brinson, at (202) 317–5753, burden of the collection of information
submitted in response to this notice will or at Internal Revenue Service, Room on or other forms of information
be summarized and/or included in the 6526, 1111 Constitution Avenue NW, technology; and (e) estimates of capital
request for OMB approval. All Washington, DC 20224, or through the or start-up costs and costs of operation,
comments will become a matter of internet at Martha.R.Brinson@irs.gov. maintenance, and purchase of services
public record. Comments are invited on: to provide information.
SUPPLEMENTARY INFORMATION:
(a) Whether the collection of
Title: Election and Notice Procedures Approved: October 23, 2018.
information is necessary for the proper
for Multiemployer Plans under Sections Laurie Brimmer,
performance of the functions of the
agency, including whether the 204 and 205 of WRERA. Senior Tax Analyst.
OMB Number: 1545–2141. [FR Doc. 2018–23485 Filed 10–25–18; 8:45 am]
information shall have practical utility;
Notice Number: Notice 2009–31 and
(b) the accuracy of the agency’s estimate BILLING CODE 4830–01–P
Rev. Proc. 2009–43.
of the burden of the collection of
Abstract: Notice 2009–31 provides
information; (c) ways to enhance the
quality, utility, and clarity of the guidance for sponsors of multiemployer DEPARTMENT OF THE TREASURY
information to be collected; (d) ways to defined benefit plans relating to the
minimize the burden of the collection of elections described in sections 204 and Senior Executive Service Departmental
information on respondents, including 205 of the Worker, Retiree, and Performance Review Board
through the use of automated collection Employer Recovery Act of 2008, Public
Law 110–458 (WRERA), and on the AGENCY: Treasury Department.
techniques or other forms of information ACTION: Notice of members of the
technology; and (e) estimates of capital notice required to be provided if a plan
sponsor makes an election under section Departmental Performance Review
or start-up costs and costs of operation, Board (PRB).
maintenance, and purchase of services 204. Revenue Procedure 2009–43
to provide information. provides follow-up guidance to Notice SUMMARY: This notice announces the
2009–31. This guidance describes appointment of members of the
Approved: October 23, 2018. procedures for revoking elections under
Laurie Brimmer, Departmental PRB. The purpose of this
WRERA. PRB is to review and make
Senior Tax Analyst. Current Actions: There is no change to recommendations concerning proposed
[FR Doc. 2018–23482 Filed 10–25–18; 8:45 am] the paperwork burden previously performance appraisals, ratings, bonuses
BILLING CODE 4830–01–P approved by OMB. and other appropriate personnel actions
Type of Review: Extension of a for incumbents of SES positions for
currently approved collection. which the Secretary or Deputy Secretary
DEPARTMENT OF THE TREASURY Affected Public: State, local, or tribal is the appointing authority. These
governments. positions include SES bureau heads,
Internal Revenue Service Estimated Number of Responses: deputy bureau heads and certain other
Proposed Collection; Comment 1,600. positions. The Board will perform PRB
Estimated Time per Response: 1 hour. functions for other key bureau positions
Request for Notice 2009–31 and Rev.
Estimated Total Annual Burden
Proc. 2009–43 if requested.
Hours: 1,600.
DATES: Membership is effective on the
AGENCY: Internal Revenue Service (IRS), The following paragraph applies to all
Treasury. of the collections of information covered date of this notice.
ACTION: Notice and request for by this notice: FOR FURTHER INFORMATION CONTACT: Julia
comments. An agency may not conduct or J. Markham, Director, Office of
sponsor, and a person is not required to Executive Resources, 1500 Pennsylvania
SUMMARY: The Internal Revenue Service respond to, a collection of information Avenue NW, ATTN: 1722 Eye Street,
(IRS), as part of its continuing effort to unless the collection of information 9th Floor, Washington, DC 20220,
reduce paperwork and respondent displays a valid OMB control number. Telephone: (202) 927–4370.
burden, invites the general public and Books or records relating to a collection SUPPLEMENTARY INFORMATION:
other Federal agencies to take this of information must be retained as long Composition of Departmental PRB:
opportunity to comment on information as their contents may become material The Board shall consist of at least three
collections, as required by the in the administration of any internal members. In the case of an appraisal of
Paperwork Reduction Act of 1995. The revenue law. Generally, tax returns and a career appointee, more than half the
IRS is soliciting comments concerning tax return information are confidential, members shall consist of career
Election and Notice Procedures for as required by 26 U.S.C. 6103. appointees. The names and titles of the
Multiemployer Plans under WRERA and Request for Comments: Comments PRB members are as follows:
Revenue Procedure 2009–43, submitted in response to this notice will • David F. Eisner, Assistant Secretary
Revocation of Elections by be summarized and/or included in the
khammond on DSK30JT082PROD with NOTICES

for Management
Multiemployer Plans to Freeze Funded request for OMB approval. Comments • Kenneth Blanco, Director, Financial
Status under section 204 of WRERA. will be of public record. Comments are Crimes and Enforcement Network
DATES: Written comments should be invited on: (a) Whether the collection of • Jamal El-Hindi, Deputy Director,
received on or before December 26, 2018 information is necessary for the proper Financial Crimes and Enforcement
to be assured of consideration. performance of the functions of the Network
ADDRESSES: Direct all written comments agency, including whether the • Kimberly A. McCoy, Commissioner,
to Laurie Brimmer, Internal Revenue information has practical utility; (b) the Bureau of Fiscal Service

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Document Created: 2018-10-26 02:28:08
Document Modified: 2018-10-26 02:28:08

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 December 26, 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 54176

83 FR 54176 - Proposed Collection; Comment Request on Information Collection for Treasury Decision 8517, Debt Instruments With Original Discount; Imputed Interest on Deferred Payment Sales or Exchanges of Property; Treasury Decision 9599, Property Traded on an Established Market

DEPARTMENT OF THE TREASURYInternal Revenue Service

Federal Register Volume 83, Issue 208 (October 26, 2018)

DEPARTMENT OF THE TREASURY
Internal Revenue Service