83 FR 7552 - Proposed Information Collection; Comment Request

DEPARTMENT OF THE TREASURY
Internal Revenue Service

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

Page Range		7552-7553
FR Document		2018-03487

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.

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

[Federal Register Volume 83, Number 35 (Wednesday, February 21, 2018)]
[Notices]
[Pages 7552-7553]
From the Federal Register Online  [www.thefederalregister.org]
[FR Doc No: 2018-03487]


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DEPARTMENT OF THE TREASURY

Internal Revenue Service


Proposed Information Collection; Comment Request

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 
continuing information collections, as required by the Paperwork 
Reduction Act of 1995.

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. 
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 information collection and instructions, or copies of 
any comments received, contact Elaine Christophe, at (202) 317-5745, or 
at Internal Revenue Service, Room 6526, 1111 Constitution Avenue NW, 
Washington, DC 20224, or through the internet, at 
[email protected].

SUPPLEMENTARY INFORMATION: 
    1. Title: Procedural Rules for Excise Taxes Currently Reportable on 
Form 720.
    OMB Number: 1545-1296.
    Regulation Project Number: PS-27-91 and PS-8-96 (Final (T.D. 
8442)).
    Abstract: Internal Revenue Code section 6302(c) authorizes the use 
of Government depositaries for the receipt of taxes imposed under the 
internal revenue laws. These final regulations provide reporting and 
recordkeeping requirements related to return, payments, and deposits of 
tax for excise taxes currently reportable on Form 720. including 
special rules for use of Government depositaries under chapter 33 of 
the Internal Revenue Code. Existing procedural regulations under 26 CFR 
parts 43, 46, 48, 49, and 52 are amended and consolidated in a new part 
40. These regulations also reflect changes to the law made by the 
Omnibus Budget Reconciliation Acts of 1989 and 1990. The regulations 
affect persons required to report liability for excise taxes currently 
reportable on Form 720.
    Current Actions: There are no changes being made to these existing 
regulations.
    Type of Review: Extension of a currently approved collection.
    Affected Public: Business or other for-profit organizations.
    Estimated Number of Respondents: 10,500.
    Estimated Time per Respondent: 23 hours, 5 minutes.
    Estimated Total Annual Burden: 242,350.
    2. Title: Limitation on Passive Activity Losses and Credits-
Treatment of Self-Charged Items of Income and Expense.
    OMB Number: 1545-1244.
    Regulation Project Number: (T.D. 9013)
    Abstract: Section 1.469-7(f)(1) of this regulation permits entities 
to elect to avoid application of the regulation in the event the pass-
through entity chooses to not have the income from leading transactions 
with owners of interests in the entity re-characterized as passive 
activity gross income. The IRS will use this information to determine 
whether the entity has made a proper timely election and to determine 
that taxpayers are complying with the election in the taxable year of 
the election and subsequent taxable years.
    Current Actions: There is no change to this existing regulation.
    Type of Review: Extension of currently approved collection.
    Affected Public: Individuals and business or other for-profit 
organizations.
    Estimated Number of Respondents: 1,000.
    Estimated Time per Respondent: 6 minutes.
    Estimated Total Annual Burden Hours: 100.
    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 our request for Office of 
Management and Budget (OMB) approval of the relevant information 
collection. All comments will become a matter of public record. Please 
do not include any confidential or inappropriate material in your 
comments.
    We invite comments on: (a) Whether the collection of information is 
necessary for the proper performance of the agency's functions, 
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 respondents, including 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 the 
requested information.
    The IRS is seeking comments concerning the following forms, and 
reporting and record-keeping requirements:


[[Page 7553]]


     Approved: February 14, 2018.
L. Brimmer,
Senior Tax Analyst.
[FR Doc. 2018-03487 Filed 2-20-18; 8:45 am]
 BILLING CODE 4830-01-P

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:

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Federal Register / Vol. 83, No. 35 / Wednesday, February 21, 2018 / Notices 7553

Approved: February 14, 2018. DEPARTMENT OF THE TREASURY 18, 2018, (83 FR 2725) the meeting date
L. Brimmer, has changed. The date of the meeting is:
Senior Tax Analyst. Internal Revenue Service Monday, March 19, 2018 and Friday
[FR Doc. 2018–03487 Filed 2–20–18; 8:45 am]
March 20, 2018.
Open Meeting of the Taxpayer DATES: The meeting will be held
BILLING CODE 4830–01–P Advocacy Panel’s Toll-Free Phone Line Monday, March 19, 2018 and Tuesday,
Project Committee; Change March 20, 2018.
DEPARTMENT OF THE TREASURY AGENCY: Internal Revenue Service (IRS), FOR FURTHER INFORMATION CONTACT: Otis
Treasury. Simpson at 1–888–912–1227 or 202–
Internal Revenue Service ACTION: Notice of meeting; change. 317–3332.
SUPPLEMENTARY INFORMATION: Notice is
Open Meeting of the Taxpayer SUMMARY: In the Federal Register notice hereby given pursuant to Section
Advocacy Panel’s Tax Forms and that was originally published on January 10(a)(2) of the Federal Advisory
Publications Project Committee; 18, 2018, the meeting date has changed. Committee Act, 5 U.S.C. App. (1988)
Change DATES: The meeting will be held that a meeting of the Taxpayer
Thursday, March 22, 2018 and Friday, Advocacy Panel Notices and
AGENCY: Internal Revenue Service (IRS), March 23, 2018. Correspondence Project Committee will
Treasury. FOR FURTHER INFORMATION CONTACT: be held Monday, March 19, 2018, from
Rosalind Matherne at 1–888–912–1227 1:00 p.m. to 5:00 p.m. Eastern Time and
ACTION: Notice of meeting; change.
or 202–317–4115. Tuesday, March 20, 2018, from 8:00
SUPPLEMENTARY INFORMATION: Notice is a.m. until 5:00 p.m. Eastern Time at the
SUMMARY: In the Federal Register notice IRS Office, Jacksonville, Florida. The
that was originally published on January hereby given pursuant to Section
10(a)(2) of the Federal Advisory public is invited to make oral comments
18, 2018, the meeting date has changed. or submit written statements for
Committee Act, 5 U.S.C. App. (1988)
DATES:The meeting will be held that an open meeting of the Taxpayer consideration. Due to limited time and
Thursday, March 22, 2018 and Friday, Advocacy Panel Toll-Free Phone Line structure of meeting, notification of
March 23, 2018. Project Committee will be held intent to participate must be made with
Thursday, March 22, 2018, from 8:00 Otis Simpson. For more information
FOR FURTHER INFORMATION CONTACT: please contact Otis Simpson at 1–888–
a.m. to 5:00 p.m. Eastern Time and
Robert Rosalia at 1–888–912–1227 or Friday, March 23, 2018, from 8:00 a.m. 912–1227 or 202–317–3332, or write
(718) 834–2203. until 12:00 p.m. Eastern Time at the IRS TAP Office, 1111 Constitution Ave. NW,
SUPPLEMENTARY INFORMATION: Notice is Office, Jacksonville, Florida. The public Room 1509, Washington, DC 20224 or
hereby given pursuant to Section is invited to make oral comments or contact us at the website: http://
submit written statements for www.improveirs.org. The agenda will
10(a)(2) of the Federal Advisory
consideration. Due to limited time and include various IRS issues.
Committee Act, 5 U.S.C. App. (1988)
that a meeting of the Taxpayer structure of meeting, notification of Dated: February 14, 2018.
Advocacy Panel’s Tax Forms and intent to participate must be made with Antoinette Ross,
Publications Project Committee will be Rosalind Matherne. For more Acting Director, Taxpayer Advocacy Panel.
held Thursday, March 22, 2018, from information please contact Rosalind [FR Doc. 2018–03482 Filed 2–20–18; 8:45 am]
8:00 a.m. to 5:00 p.m. Mountain time Matherne at 1–888–912–1227 or 202– BILLING CODE 4830–01–P
317–4115, or write TAP Office, 1111
and Friday, March 23, 2018, from 1:00
Constitution Ave. NW, Room 1509,
p.m. until 5:00 p.m. Mountain Time at
Washington, DC 20224 or contact us at DEPARTMENT OF THE TREASURY
the IRS Office, Albuquerque, New
the website: http://www.improveirs.org.
Mexico. The public is invited to make The agenda will include various IRS Internal Revenue Service
oral comments or submit written issues.
statements for consideration. Due to Open Meeting of the Taxpayer
Dated: February 14, 2018.
limited time and structure of meeting, Advocacy Panel Taxpayer
notification of intent to participate must Antoinette Ross,
Communications Project Committee;
be made with Robert Rosalia. For more Acting Director, Taxpayer Advocacy Panel. Change
information please contact Robert [FR Doc. 2018–03477 Filed 2–20–18; 8:45 am]
AGENCY: Internal Revenue Service (IRS),
Rosalia at 1–888–912–1227 or (718) BILLING CODE 4830–01–P
Treasury.
834–2203, or write TAP Office, 2
ACTION: Notice of meeting; change.
Metrotech Center, 100 Myrtle Avenue,
Brooklyn, NY 11201 or contact us at the DEPARTMENT OF THE TREASURY
SUMMARY: In the Federal Register notice
website: http://www.improveirs.org. The Internal Revenue Service that was originally published on January
agenda will include various IRS issues. 18, 2018, the meeting date has changed.
Dated: February 14, 2018. Open Meeting of the Taxpayer DATES: The meeting will be held
Advocacy Panel’s Notices and Monday, March 19, 2018 and Tuesday,
Antoinette Ross,
Correspondence Project Committee; March 20, 2018.
Acting Director, Taxpayer Advocacy Panel.
daltland on DSKBBV9HB2PROD with NOTICES

Change FOR FURTHER INFORMATION CONTACT:
[FR Doc. 2018–03479 Filed 2–20–18; 8:45 am]
AGENCY: Internal Revenue Service (IRS), Antoinette Ross at 1–888–912–1227 or
BILLING CODE 4830–01–P
Treasury. 202–317–4110.
ACTION: Notice of meeting; change. SUPPLEMENTARY INFORMATION: Notice is
hereby given pursuant to Section
SUMMARY: In the Federal Register notice 10(a)(2) of the Federal Advisory
that was originally published on January Committee Act, 5 U.S.C. App. (1988)

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Document Created: 2018-02-21 01:48:34
Document Modified: 2018-02-21 01:48:34

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 April 23, 2018 to be assured of consideration.
Contact		Requests for additional information, or copies of the information collection and instructions, or copies of any comments received, contact Elaine Christophe, at (202) 317-5745, 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 7552

83 FR 7552 - Proposed Information Collection; Comment Request

DEPARTMENT OF THE TREASURYInternal Revenue Service

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

DEPARTMENT OF THE TREASURY
Internal Revenue Service