[Federal Register Volume 78, Number 71 (Friday, April 12, 2013)]
[Notices]
[Pages 22037-22038]
From the Federal Register Online via the Government Publishing Office [www.gpo.gov]
[FR Doc No: 2013-08547]
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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 Department of the Treasury, 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, Public Law 104-13 (44 U.S.C.
3506(c)(2)(A)). Currently, the IRS is soliciting comments concerning
the limitation on reduction in income tax liability incurred to the
Virgin Islands (Sec. 1.934-1).
DATES: Written comments should be received on or before June 11, 2013
to be assured of consideration.
ADDRESSES: Direct all written comments to Yvette Lawrence, Internal
Revenue Service, Room 6129, 1111 Constitution Avenue NW., Washington,
DC 20224.
FOR FURTHER INFORMATION CONTACT: Requests for additional information or
copies of the regulations should be directed to Katherine Dean, (202)
622-3186, or at Internal Revenue Service, Room 6242, 1111 Constitution
Avenue NW., Washington DC 20224, or through the Internet, at
[email protected].
SUPPLEMENTARY INFORMATION:
Title: Limitation on Reduction in Income Tax Liability Incurred to
the Virgin Islands.
OMB Number: 1545-0782.
Regulation Project Number: TD 6629.
Abstract: Internal Revenue Code section 934(a)(1954 code) provides
that the tax liability incurred to the Virgin Islands shall not be
reduced except to the extent provided in Code section
[[Page 22038]]
934(b) and (c). Taxpayers applying for tax rebates or subsidies under
section 934 of the 1954 Code must provide certain information in order
to obtain these benefits.
Current Actions: There is no change to this existing regulation.
Type of Review: Extension of currently approved collection.
Affected Public: Individuals or households and business or other
for-profit organizations.
Estimated Number of Respondents: 500.
Estimated Time Per Respondent/Reporting: 12 minutes.
Estimated Time Per Respondent/Record-Keeping: 10 minutes.
Estimated Total Annual Reporting Burden Hours: 100.
Estimated Total Annual Record-keeping Burden Hours: 85.
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. 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: March 13, 2013.
Yvette Lawrence,
OMB Reports Clearance Officer.
[FR Doc. 2013-08547 Filed 4-11-13; 8:45 am]
BILLING CODE 4830-01-P