83_FR_7586 83 FR 7551 - Proposed Collection; Comment Request for Form 982

83 FR 7551 - Proposed Collection; Comment Request for Form 982

DEPARTMENT OF THE TREASURY
Internal Revenue Service

Federal Register Volume 83, Issue 35 (February 21, 2018)

Page Range7551-7552
FR Document2018-03488

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. The IRS is soliciting comments concerning Form 982, Reduction of Tax Attributes Due to Discharge of Indebtedness.

Federal Register, Volume 83 Issue 35 (Wednesday, February 21, 2018) 
[Federal Register Volume 83, Number 35 (Wednesday, February 21, 2018)]
[Notices]
[Pages 7551-7552]
From the Federal Register Online  [www.thefederalregister.org]
[FR Doc No: 2018-03488]


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DEPARTMENT OF THE TREASURY

Internal Revenue Service


Proposed Collection; Comment Request for Form 982

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 
proposed and/or continuing information collections, as required by the 
Paperwork Reduction Act of 1995. The IRS is soliciting comments 
concerning Form 982, Reduction of Tax Attributes Due to Discharge of 
Indebtedness.

DATES: Written comments should be received on or before April 23, 2018 
to be assured of consideration.

ADDRESSES: Direct all written comments to L. Brimmer, Internal Revenue 
Service, Room 6526, 1111 Constitution Avenue NW, Washington, DC 20224.

FOR FURTHER INFORMATION CONTACT: Requests for additional information or 
copies of the form and instructions should be directed to LaNita Van 
Dyke, at (202) 317-6009, or at Internal Revenue Service, Room 6526, 
1111 Constitution Avenue NW, Washington, DC 20224, or through the 
internet at [email protected].

SUPPLEMENTARY INFORMATION: 
    Title: Reduction of Tax Attributes Due to Discharge of 
Indebtedness.
    OMB Number: 1545-0046.
    Form Number: 982.
    Abstract: Reduction of Tax Attributes Due to Discharge of 
Indebtedness. Internal Revenue Code (IRC) section 108 allows taxpayers 
to exclude from gross income amounts attributable to discharge of 
indebtedness in title 11 cases, insolvency or a qualified farm 
indebtedness. Section 1081(b) allows corporations to exclude from gross 
income amounts attributable to certain transfers of property. The data 
is used to verify adjustments to basis of property and reduction of tax 
attributes.
    Current Actions: There are no changes being made to the form at 
this time.
    Type of Review: Extension without change of a currently approved 
collection.
    Affected Public: Individuals or households, Businesses or other for 
profit, Small businesses or organizations
    Estimated Number of Respondents: 667.
    Estimated Time per Respondent: 11.23 hrs.
    Estimated Total Annual Burden Hours: 7491.
    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.

[[Page 7552]]

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: February 14, 2018.
L. Brimmer,
Senior Tax Analyst.
[FR Doc. 2018-03488 Filed 2-20-18; 8:45 am]
 BILLING CODE 4830-01-P

Federal Register / Vol. 83, No. 35 / Wednesday, February 21, 2018 / Notices 7551 Electronic Availability Colombia; Cedula No. 15256905 (Colombia); SUMMARY: The Internal Revenue Service, Passport AI406455 (Colombia) (individual) as part of its continuing effort to reduce The list of Specially Designated [SDNT]. Nationals and Blocked Persons (SDN paperwork and respondent burden, 9. PADRO PASTOR, Alvaro; DOB 09 Nov List) and additional information 1975; nationality Spain; R.F.C. invites the general public and other concerning OFAC sanctions programs PAPA751109870 (Mexico); C.U.R.P. Federal agencies to take this are available on OFAC’s website (http:// PAPA751109HNEDSL04 (Mexico) opportunity to comment on proposed www.treasury.gov/ofac). (individual) [SDNTK] (Linked To: CASA V; and/or continuing information Linked To: PISCILANEA, S.A. DE C.V.). collections, as required by the Notice of OFAC Actions 10. SANCHEZ GONZALEZ, Ruben, Av. Paperwork Reduction Act of 1995. The On February 14, 2018, OFAC Arcos 960, Colonia Jardines del Bosque, IRS is soliciting comments concerning Guadalajara, Jalisco, Mexico; DOB 14 Jul Form 982, Reduction of Tax Attributes determined that the property and 1964; POB Tepatitlan de Morelos, Jalisco, interests in property of the following Due to Discharge of Indebtedness. Mexico; R.F.C. SAGR640714–882 (Mexico); persons are unblocked and removed C.U.R.P. SAGR640714HJCNNB02 (Mexico) DATES: Written comments should be from the SDN List under the relevant (individual) [SDNTK] (Linked To: GRUPO received on or before April 23, 2018 to sanctions authority listed below. FRACSA, S.A. DE C.V.; Linked To: DBARDI, be assured of consideration. S.A. DE C.V.; Linked To: PISCILANEA, S.A. ADDRESSES: Direct all written comments Individuals DE C.V.; Linked To: CARIATIDE GRUPO to L. Brimmer, Internal Revenue INMOBILIARIO, S.A. DE C.V.). 1. JIMENEZ URREGO, Jorge Enrique, Service, Room 6526, 1111 Constitution Bogota, Colombia; DOB 13 Jan 1957; citizen Avenue NW, Washington, DC 20224. Colombia; Cedula No. 73073242 (Colombia); Entities FOR FURTHER INFORMATION CONTACT: Passport AK353217 (Colombia); alt. Passport AJ096613 (Colombia) (individual) [SDNTK]. 1. ZONA LIBRE INTERNATIONAL Requests for additional information or 2. YOUSSEF, Ziad Mohamad, Lebanon; MARKET S.A., Colon, Panama; RUC # copies of the form and instructions DOB 22 Sep 1976; POB West Bekaa, Baaloul, 66161–20–363386 (Panama) [SDNTK]. should be directed to LaNita Van Dyke, Lebanon; nationality Lebanon; citizen 2. C.I. STONES AND BYPRODUCTS at (202) 317–6009, or at Internal Lebanon (individual) [SDNTK]. TRADING S.A., Transversal 14 No. 119–67 Revenue Service, Room 6526, 1111 3. YOUSSEF, Ismael Mohammed (a.k.a. Interior 4, Bogota, Colombia; NIT # Constitution Avenue NW, Washington, YOUSSEF ABDALLAH, Ismael; a.k.a. 830003485–3 (Colombia) [SDNTK]. 3. FIMESA DE COLOMBIA S.A., DC 20224, or through the internet at YOUSSEF, Ismail Mohammad), Lebanon; Lanita.VanDyke@irs.gov. DOB 12 Sep 1979; POB Santa Marta, Transversal 14 No. 119–67 Interior 4, Oficina Colombia; alt. POB Lebanon; nationality 203, Bogota, Colombia; NIT # 830129115–5 SUPPLEMENTARY INFORMATION: Colombia; alt. nationality Lebanon; citizen (Colombia) [SDNTK]. Title: Reduction of Tax Attributes Due Colombia; Cedula No. 17900973 (Colombia); 4. PROMOTORA DE MATERIAS PRIMAS to Discharge of Indebtedness. Passport AF038564 (Colombia); alt. Passport ORGANICAS DEL TOLIMA LTDA (a.k.a. OMB Number: 1545–0046. AK037837 (Colombia) (individual) [SDNTK]. PROMATOL LTDA), Calle 24 D Bis No. 73C– Form Number: 982. 4. BALLEN SOLANO, Manuel Humberto, 03, Bogota, Colombia; NIT # 900081489–9 Abstract: Reduction of Tax Attributes Bogota, Colombia; DOB 22 Sep 1956; citizen (Colombia) [SDNTK]. Due to Discharge of Indebtedness. Colombia; Cedula No. 19295921 (Colombia) 5. CARIATIDE GRUPO INMOBILIARIO, S.A. DE C.V., Av. Vallarta No. 3216, Col. Internal Revenue Code (IRC) section 108 (individual) [SDNTK]. Vallarta San Jorge, Guadalajara, Jalisco allows taxpayers to exclude from gross 5. JIMENEZ URREGO, Carmen Rosa, c/o FIMESA DE COLOMBIA S.A., Bogota, 44690, Mexico; R.F.C. CGI0501197ST income amounts attributable to Colombia; c/o C.I. STONES AND (Mexico) [SDNTK]. discharge of indebtedness in title 11 BYPRODUCTS TRADING S.A., Bogota, 6. CASA V, Av. Vallarta 1339, Colonia cases, insolvency or a qualified farm Colombia; c/o PROMOTORA DE MATERIAS Americana, Guadalajara, Jalisco, Mexico indebtedness. Section 1081(b) allows PRIMAS ORGANICAS DEL TOLIMA LTDA, [SDNTK]. corporations to exclude from gross Bogota, Colombia; DOB 23 Aug 1965; citizen 7. PISCILANEA, S.A. DE C.V. (a.k.a. income amounts attributable to certain Colombia; Cedula No. 51788462 (Colombia); ALBERCAS E HIDROMASAJE PISCILANEA; transfers of property. The data is used Passport AI822940 (Colombia) (individual) a.k.a. ALBERCAS Y TINAS BARCELONA), Provenza Center, Av. Lopez Mateos No. 5565, to verify adjustments to basis of [SDNTK]. 6. GRAJALES LONDONO, Lina Maria, c/o Loc 23, Col. Santa Anita, Tlajomulco de property and reduction of tax attributes. AGRONILO S.A., Toro, Valle, Colombia; c/o Zuniga, Jalisco 45645, Mexico; R.F.C. Current Actions: There are no changes HEBRON S.A., Tulua, Valle, Colombia; c/o PIS090915KS1 (Mexico) [SDNTK]. being made to the form at this time. HOTEL LOS VINEDOS, La Union, Valle, Type of Review: Extension without Colombia; c/o JOSAFAT S.A., Tulua, Valle, Dated: February 14, 2018. change of a currently approved Colombia; c/o SALIM S.A., La Union, Valle, Gregory T. Gatjanis, collection. Colombia; c/o CITICAR LTDA., La Union, Associate Director, Office of Global Targeting, Affected Public: Individuals or Valle, Colombia; c/o CONFECCIONES LINA Office of Foreign Assets Control. households, Businesses or other for MARIA LTDA., La Union, Valle, Colombia; c/ [FR Doc. 2018–03461 Filed 2–20–18; 8:45 am] profit, Small businesses or organizations o DOXA S.A., La Union, Valle, Colombia; c/ o GBS TRADING S.A., Cali, Colombia; c/o BILLING CODE 4810–AL–P Estimated Number of Respondents: L.G.R. E.U., Cali, Colombia; DOB 13 Mar 667. 1979; POB Bogota, Colombia; Cedula No. Estimated Time per Respondent: 29567575 (Colombia) (individual) [SDNT]. DEPARTMENT OF THE TREASURY 11.23 hrs. 7. CASTRO MONTOTO, Norman Douglas; Estimated Total Annual Burden DOB 06 Jul 1962; citizen Panama; Passport Internal Revenue Service Hours: 7491. 1871296 (Panama) (individual) [SDNTK] The following paragraph applies to all daltland on DSKBBV9HB2PROD with NOTICES (Linked To: WAKED MONEY LAUNDERING Proposed Collection; Comment of the collections of information covered ORGANIZATION). Request for Form 982 by this notice: 8. BEDOYA VELEZ, Jose Roberto, c/o TECNICAR DIAGNOSTICENTRO S.A., AGENCY: Internal Revenue Service (IRS), An agency may not conduct or Envigado, Colombia; Carrera 28 No. 16–85, Treasury. sponsor, and a person is not required to Casa 12, Medellin, Antioquia, Colombia; respond to, a collection of information ACTION: Notice and request for DOB 10 Oct 1960; POB Medellin, Antioquia, unless the collection of information comments. Colombia; nationality Colombia; citizen displays a valid OMB control number. VerDate Sep<11>2014 19:57 Feb 20, 2018 Jkt 244001 PO 00000 Frm 00102 Fmt 4703 Sfmt 4703 E:\FR\FM\21FEN1.SGM 21FEN1

7552 Federal Register / Vol. 83, No. 35 / Wednesday, February 21, 2018 / Notices Books or records relating to a collection number, reporting or record-keeping passive activity gross income. The IRS of information must be retained as long requirement number, and OMB number will use this information to determine as their contents may become material (if any) in your comment. whether the entity has made a proper in the administration of any internal FOR FURTHER INFORMATION CONTACT: timely election and to determine that revenue law. Generally, tax returns and Requests for additional information, or taxpayers are complying with the tax return information are confidential, copies of the information collection and election in the taxable year of the as required by 26 U.S.C. 6103. instructions, or copies of any comments election and subsequent taxable years. Request for Comments: Comments received, contact Elaine Christophe, at Current Actions: There is no change to submitted in response to this notice will (202) 317–5745, or at Internal Revenue this existing regulation. be summarized and/or included in the Service, Room 6526, 1111 Constitution Type of Review: Extension of request for OMB approval. All Avenue NW, Washington, DC 20224, or currently approved collection. comments will become a matter of through the internet, at Affected Public: Individuals and public record. Comments are invited on: Elaine.H.Christophe@irs.gov. business or other for-profit (a) Whether the collection of SUPPLEMENTARY INFORMATION: organizations. information is necessary for the proper performance of the functions of the 1. Title: Procedural Rules for Excise Estimated Number of Respondents: agency, including whether the Taxes Currently Reportable on Form 1,000. information shall have practical utility; 720. Estimated Time per Respondent: 6 (b) the accuracy of the agency’s estimate OMB Number: 1545–1296. minutes. of the burden of the collection of Regulation Project Number: PS–27–91 Estimated Total Annual Burden information; (c) ways to enhance the and PS–8–96 (Final (T.D. 8442)). Hours: 100. quality, utility, and clarity of the Abstract: Internal Revenue Code The following paragraph applies to all information to be collected; (d) ways to section 6302(c) authorizes the use of of the collections of information covered minimize the burden of the collection of Government depositaries for the receipt by this notice: information on respondents, including of taxes imposed under the internal revenue laws. These final regulations An agency may not conduct or through the use of automated collection sponsor, and a person is not required to techniques or other forms of information provide reporting and recordkeeping requirements related to return, respond to, a collection of information technology; and (e) estimates of capital unless the collection of information or start-up costs and costs of operation, payments, and deposits of tax for excise taxes currently reportable on Form 720. displays a valid OMB control number. maintenance, and purchase of services Books or records relating to a collection to provide information. including special rules for use of Government depositaries under chapter of information must be retained as long Approved: February 14, 2018. 33 of the Internal Revenue Code. as their contents may become material L. Brimmer, Existing procedural regulations under in the administration of any internal Senior Tax Analyst. 26 CFR parts 43, 46, 48, 49, and 52 are revenue law. Generally, tax returns and [FR Doc. 2018–03488 Filed 2–20–18; 8:45 am] amended and consolidated in a new tax return information are confidential, BILLING CODE 4830–01–P part 40. These regulations also reflect as required by 26 U.S.C. 6103. changes to the law made by the Request for Comments: Comments Omnibus Budget Reconciliation Acts of submitted in response to this notice will DEPARTMENT OF THE TREASURY 1989 and 1990. The regulations affect be summarized and/or included in our persons required to report liability for request for Office of Management and Internal Revenue Service excise taxes currently reportable on Budget (OMB) approval of the relevant Form 720. information collection. All comments Proposed Information Collection; will become a matter of public record. Comment Request Current Actions: There are no changes being made to these existing regulations. Please do not include any confidential AGENCY: Internal Revenue Service (IRS), Type of Review: Extension of a or inappropriate material in your Treasury. currently approved collection. comments. ACTION: Notice and request for Affected Public: Business or other for- We invite comments on: (a) Whether comments. profit organizations. the collection of information is Estimated Number of Respondents: necessary for the proper performance of SUMMARY: The Internal Revenue Service, 10,500. the agency’s functions, including as part of its continuing effort to reduce Estimated Time per Respondent: 23 whether the information has practical paperwork and respondent burden, hours, 5 minutes. utility; (b) the accuracy of the agency’s invites the general public and other Estimated Total Annual Burden: estimate of the burden of the collection Federal agencies to take this 242,350. of information; (c) ways to enhance the opportunity to comment on continuing 2. Title: Limitation on Passive quality, utility, and clarity of the information collections, as required by Activity Losses and Credits-Treatment information to be collected; (d) ways to the Paperwork Reduction Act of 1995. of Self-Charged Items of Income and minimize the burden of the collection of DATES: Written comments should be Expense. information on respondents, including received on or before April 23, 2018 to OMB Number: 1545–1244. the use of automated collection be assured of consideration. Regulation Project Number: (T.D. techniques or other forms of information ADDRESSES: Direct all written comments 9013) technology; and (e) estimates of capital daltland on DSKBBV9HB2PROD with NOTICES to L. Brimmer, Internal Revenue Abstract: Section 1.469–7(f)(1) of this or start-up costs and costs of operation, Service, Room 6526, 1111 Constitution regulation permits entities to elect to maintenance, and purchase of services Avenue NW, Washington, DC 20224. avoid application of the regulation in to provide the requested information. Please send separate comments for each the event the pass-through entity The IRS is seeking comments specific information collection listed chooses to not have the income from concerning the following forms, and below. You must reference the leading transactions with owners of reporting and record-keeping information collection’s title, form interests in the entity re-characterized as requirements: VerDate Sep<11>2014 19:57 Feb 20, 2018 Jkt 244001 PO 00000 Frm 00103 Fmt 4703 Sfmt 4703 E:\FR\FM\21FEN1.SGM 21FEN1


Document Created: 2018-02-21 01:48:39
Document Modified: 2018-02-21 01:48:39
CategoryRegulatory Information
CollectionFederal Register
sudoc ClassAE 2.7:
GS 4.107:
AE 2.106:
PublisherOffice of the Federal Register, National Archives and Records Administration
SectionNotices
ActionNotice and request for comments.
DatesWritten comments should be received on or before April 23, 2018 to be assured of consideration.
ContactRequests for additional information or copies of the form and instructions should be directed to LaNita Van Dyke, at (202) 317-6009, or at Internal Revenue Service, Room 6526, 1111 Constitution Avenue NW, Washington, DC 20224, or through the internet at [email protected]
FR Citation83 FR 7551 
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