83 FR 62403 - Proposed Collection; Comment Request for Notice 97-34

DEPARTMENT OF THE TREASURY
Internal Revenue Service

Federal Register Volume 83, Issue 232 (December 3, 2018)

Page Range		62403-62403
FR Document		2018-26161

The Internal Revenue Service (IRS), 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 information collections, as required by the Paperwork Reduction Act of 1995. The IRS is soliciting comments concerning Information Reporting on Transactions With Foreign Trusts and on Large Foreign Gifts.

Federal Register, Volume 83 Issue 232 (Monday, December 3, 2018)

[Federal Register Volume 83, Number 232 (Monday, December 3, 2018)]
[Notices]
[Page 62403]
From the Federal Register Online  [www.thefederalregister.org]
[FR Doc No: 2018-26161]


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DEPARTMENT OF THE TREASURY

Internal Revenue Service


Proposed Collection; Comment Request for Notice 97-34

AGENCY: Internal Revenue Service (IRS), Treasury.

ACTION: Notice and request for comments.

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SUMMARY: The Internal Revenue Service (IRS), 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 information collections, as required by the Paperwork Reduction Act 
of 1995. The IRS is soliciting comments concerning Information 
Reporting on Transactions With Foreign Trusts and on Large Foreign 
Gifts.

DATES: Written comments should be received on or before February 1, 
2019 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 this notice should be directed to Martha R. Brinson, at 
(202)317-5753, or at Internal Revenue Service, Room 6526, 1111 
Constitution Avenue NW, Washington, DC 20224, or through the internet 
at [email protected].

SUPPLEMENTARY INFORMATION: 
    Title: Information Reporting on Transactions With Foreign Trusts 
and on Large Foreign Gifts.
    OMB Number: 1545-1538.
    Notice Number: Notice 97-34.
    Abstract: Notice 97-34 provides guidance on the foreign trust and 
foreign gift information reporting provisions contained in the Small 
Business Job Protection Act of 1996.
    Current Actions: There is no change to the paperwork burden 
previously approved by OMB.
    Type of Review: Extension of a currently approved collection.
    Affected Public: Individuals or households, business or other for-
profit organizations, and not-for-profit institutions.
    Estimated Number of Responses: 5,000.
    Estimated Time per Response: 45 mins.
    Estimated Total Annual Burden Hours: 3,750.
    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. 
Comments will be 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 has 
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 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: November 26, 2018.
Laurie Brimmer,
Senior Tax Analyst.
[FR Doc. 2018-26161 Filed 11-30-18; 8:45 am]
 BILLING CODE 4830-01-P

Federal Register / Vol. 83, No. 232 / Monday, December 3, 2018 / Notices 62403

Form 8936: DEPARTMENT OF THE TREASURY Affected Public: Individuals or
Estimated Number of Respondents: households, business or other for-profit
500. Internal Revenue Service organizations, and not-for-profit
institutions.
Estimated Time per Respondent: 7 Proposed Collection; Comment
Estimated Number of Responses:
hours. Request for Notice 97–34
5,000.
Estimated Total Annual Burden AGENCY: Internal Revenue Service (IRS), Estimated Time per Response: 45
Hours: 35,000. Treasury. mins.
The following paragraph applies to all ACTION: Notice and request for Estimated Total Annual Burden
of the collections of information covered comments. Hours: 3,750.
by this notice. The following paragraph applies to all
SUMMARY: The Internal Revenue Service
An agency may not conduct or (IRS), as part of its continuing effort to of the collections of information covered
sponsor, and a person is not required to reduce paperwork and respondent by this notice:
respond to, a collection of information burden, invites the general public and An agency may not conduct or
unless the collection of information other Federal agencies to take this sponsor, and a person is not required to
displays a valid OMB control number. opportunity to comment on information respond to, a collection of information
Books or records relating to a collection collections, as required by the unless the collection of information
of information must be retained as long Paperwork Reduction Act of 1995. The displays a valid OMB control number.
as their contents may become material IRS is soliciting comments concerning Books or records relating to a
in the administration of any internal Information Reporting on Transactions collection of information must be
revenue law. Generally, tax returns and With Foreign Trusts and on Large retained as long as their contents may
tax return information are confidential, Foreign Gifts. become material in the administration
as required by 26 U.S.C. 6103. DATES: Written comments should be of any internal revenue law. Generally,
Request for Comments: Comments received on or before February 1, 2019 tax returns and tax return information
submitted in response to this notice will to be assured of consideration. are confidential, as required by 26
be summarized and/or included in the ADDRESSES: Direct all written comments U.S.C. 6103.
request for OMB approval. All to Laurie Brimmer, Internal Revenue Request for Comments: Comments
comments will become a matter of Service, Room 6526, 1111 Constitution submitted in response to this notice will
public record. Comments are invited on: Avenue NW, Washington, DC 20224. be summarized and/or included in the
(a) Whether the collection of FOR FURTHER INFORMATION CONTACT: request for OMB approval. Comments
information is necessary for the proper Requests for additional information or will be of public record. Comments are
performance of the functions of the copies of this notice should be directed invited on: (a) Whether the collection of
agency, including whether the to Martha R. Brinson, at (202)317–5753, information is necessary for the proper
information shall have practical utility; or at Internal Revenue Service, Room performance of the functions of the
(b) the accuracy of the agency’s estimate 6526, 1111 Constitution Avenue NW, agency, including whether the
of the burden of the collection of Washington, DC 20224, or through the information has practical utility; (b) the
information; (c) ways to enhance the internet at Martha.R.Brinson@irs.gov. accuracy of the agency’s estimate of the
quality, utility, and clarity of the SUPPLEMENTARY INFORMATION: burden of the collection of information;
information to be collected; (d) ways to Title: Information Reporting on (c) ways to enhance the quality, utility,
minimize the burden of the collection of Transactions With Foreign Trusts and and clarity of the information to be
information on respondents, including on Large Foreign Gifts. collected; (d) ways to minimize the
through the use of automated collection OMB Number: 1545–1538. burden of the collection of information
techniques or other forms of information Notice Number: Notice 97–34. on or other forms of information
technology; and (e) estimates of capital Abstract: Notice 97–34 provides technology; and (e) estimates of capital
or start-up costs and costs of operation, guidance on the foreign trust and or start-up costs and costs of operation,
maintenance, and purchase of services foreign gift information reporting maintenance, and purchase of services
to provide information. provisions contained in the Small to provide information.
Approved: November 28, 2018. Business Job Protection Act of 1996. Approved: November 26, 2018.
Current Actions: There is no change to
Laurie Brimmer, Laurie Brimmer,
the paperwork burden previously
Senior Tax Analyst. approved by OMB. Senior Tax Analyst.
[FR Doc. 2018–26208 Filed 11–30–18; 8:45 am] Type of Review: Extension of a [FR Doc. 2018–26161 Filed 11–30–18; 8:45 am]
BILLING CODE 4830–01–P currently approved collection. BILLING CODE 4830–01–P
khammond on DSK30JT082PROD with NOTICES

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Document Created: 2018-12-01 00:56:05
Document Modified: 2018-12-01 00:56:05

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 February 1, 2019 to be assured of consideration.
Contact		Requests for additional information or copies of this notice should be directed to Martha R. Brinson, at (202)317-5753, or at Internal Revenue Service, Room 6526, 1111 Constitution Avenue NW, Washington, DC 20224, or through the internet at [email protected]
FR Citation		83 FR 62403

83 FR 62403 - Proposed Collection; Comment Request for Notice 97-34

DEPARTMENT OF THE TREASURYInternal Revenue Service

Federal Register Volume 83, Issue 232 (December 3, 2018)

DEPARTMENT OF THE TREASURY
Internal Revenue Service