[Federal Register Volume 78, Number 130 (Monday, July 8, 2013)]
[Notices]
[Pages 40828-40829]
From the Federal Register Online via the Government Publishing Office [www.gpo.gov]
[FR Doc No: 2013-16216]
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DEPARTMENT OF THE TREASURY
Internal Revenue Service
Proposed Collection: Comment Request for Form 8875
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
Form 8875, Taxable REIT Subsidiary Election.
DATES: Written comments should be received on or before September 6,
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 form and instructions should be directed to Allan
Hopkins, (202) 622-6665, or at Internal Revenue Service, Room 6129,
1111 Constitution Avenue NW., Washington DC 20224, or
[[Page 40829]]
through the internet, at [email protected].
SUPPLEMENTARY INFORMATION:
Title: Taxable REIT Subsidiary Election.
OMB Number: 1545-1721.
Form Number: 8875.
Abstract: A corporation and a REIT use Form 8875 to jointly elect
to have the corporation treated as a taxable REIT subsidiary as
provided in section 856(l).
Current Actions: There are no changes being made to the form at
this time.
Affected Public: Business or other for-profit organizations.
Estimated Number of Respondents: 1,000.
Estimated Time per Respondent: 7 hr., 40 min.
Estimated Total Annual Burden Hours: 7,660.
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: June 17, 2013.
Allan Hopkins,
Tax Analyst.
[FR Doc. 2013-16216 Filed 7-5-13; 8:45 am]
BILLING CODE 4830-01-P