[Federal Register Volume 79, Number 10 (Wednesday, January 15, 2014)]
[Notices]
[Pages 2751-2752]
From the Federal Register Online via the Government Publishing Office [www.gpo.gov]
[FR Doc No: 2014-00653]
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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.
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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)).
DATES: Written comments should be received on or before March 17, 2014
to be assured of consideration.
ADDRESSES: Direct all written comments to Yvette B. Lawrence, Internal
Revenue Service, Room 6129, 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: To obtain additional information, or
copies of the information collection and instructions, or copies of any
comments received, contact Elaine Christophe, at (202) 622-3179, or at
Internal Revenue Service, Room 6129, 1111 Constitution Avenue NW.,
Washington, DC 20224, or through the Internet, at
[email protected].
SUPPLEMENTARY INFORMATION:
Request for Comments
The Department of the Treasury and the Internal Revenue Service, as
part of their continuing effort to reduce paperwork and respondent
burden, invite the general public and other Federal agencies to take
this opportunity to comment on the proposed or continuing information
collections listed below in this notice, as required by the Paperwork
Reduction Act of 1995, (44 U.S.C. 3501 et seq.).
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.
Currently, the IRS is seeking comments concerning the following
forms, and reporting and record-keeping requirements:
Title: Treatment of Dual Consolidated Losses.
OMB Number: 1545-1083.
Regulation Project Number: INTL-399-88.
Abstract: Internal Revenue Code section 1503(d) denies use of the
losses of one domestic corporation by another affiliated domestic
corporation where the loss corporation is also subject to the income
tax of another country. This regulation allows an affiliate to make use
of the loss if the loss has not been used in the foreign country and if
an agreement is attached to the income tax return of the dual resident
corporation or group, to take the loss into income upon future use of
the loss in the foreign country. The regulation also requires separate
accounting for a dual consolidated loss where the dual resident
corporation files a consolidated return.
Current Actions: There is no change to this existing regulation.
Type of Review: Extension of a currently approved collection.
Affected Public: Business or other for-profit organizations.
Estimated Number of Respondents: 500.
Estimated Time per Respondent: 3 hrs., 14 minutes.
Estimated Total Annual Burden Hours: 1,620 minutes.
Title: State Housing Credit Ceiling and Other Rules Relating to the
Low-Income Housing Credit.
OMB Number: 1545-1423.
Regulation Project Number: PS-106-91.
Abstract: The regulation concerns the low-income housing credit
under section 42 of the Internal Revenue Code. The regulation provides
rules relating to the order in which housing credit dollar amounts are
allocated from each State's housing credit ceiling under section
42(h)(3)(C) and the determination of which States qualify to receive
credit from a national pool of credit under section 42(h)(3)(D). The
regulation affects State and local housing credit agencies and
taxpayers receiving credit allocations, and provides them with guidance
for complying with section 42.
Current Actions: There is no change to this existing regulation.
Type of Review: Extension of a currently approved collection.
Affected Public: Business or other for-profit organizations, not-
for-profit institutions, individuals or households, and state, local or
tribal governments.
Estimated Number of Respondents: 110.
Estimated Time per Respondent: 2 hours, 30 minutes.
Estimated Total Annual Burden Hours: 275.
Title: Foreign Based Importer Non-Filers Questionnaire.
OMB Number: 1545-2084.
Form Number: N/A.
Abstract: Foreign corporations are subject to U.S. Income Tax on
income that is effectively connected with a U.S.
[[Page 2752]]
trade or business and are required to file a U.S. Income tax return
reporting taxable income. However, based on the public information
available, it is not readily determinable without further research that
U.S. Income Tax compliance has been fulfilled. Therefore, IDRS will be
utilized to determine if filing compliance has been met. This contact
letter is sent to taxpayers who appear to have a U.S. trade or business
and have not filed a U.S. Income Tax return or filed a protective
1120F.
Current Actions: There is no change in the paperwork burden
previously approved by OMB. This form is being submitted for renewal
purposes only.
Type of Review: Extension of a currently approved collection.
Affected Public: Businesses and other for-profit organizations.
Estimated Number of Respondents: 90.
Estimated Time per Respondent: 1 hour.
Estimated Total Annual Burden Hours: 30.
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.
Approved: January 9, 2014.
Yvette B. Lawrence,
IRS Reports Clearance Officer.
[FR Doc. 2014-00653 Filed 1-14-14; 8:45 am]
BILLING CODE 4830-01-P