[Federal Register Volume 80, Number 72 (Wednesday, April 15, 2015)]
[Notices]
[Pages 20296-20297]
From the Federal Register Online via the Government Publishing Office [www.gpo.gov]
[FR Doc No: 2015-08653]
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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)). The IRS is soliciting comments concerning information
collection requirements related to real estate mortgage conduits;
reporting requirements and other administrative matters; and allocation
of allocable investment expense; original issue discount reporting
requirements.
DATES: Written comments should be received on or before June 15, 2015
to be assured of consideration.
ADDRESSES: Direct all written comments to Christie Preston, Internal
Revenue Service, Room 6129, 1111 Constitution Avenue NW., Washington,
DC 20224.
FOR FURTHER INFORMATION CONTACT: Requests for additional information or
copies of this regulation should be directed to LaNita Van Dyke, at
Internal Revenue Service, Room 6517, 1111 Constitution Avenue NW.,
Washington, DC 20224, or through the Internet, at
[email protected].
SUPPLEMENTARY INFORMATION:
Title: T.D. 8366, Real Estate Mortgage Investment Conduits;
Reporting Requirements and Other Administrative Matters. T.D. 8431,
Allocation of Allocable Investment Expense; Original Issue Discount
Reporting Requirements.
OMB Number: 1545-1018.
Regulation Project Number: T.D. 8366 and T.D. 8431.
Abstract: T.D. 8366 contains temporary and final regulations
relating to real estate mortgage investment conduits (REMICS). T.D.
8431 contains final regulations relating to reporting requirements with
respect to single-class real estate mortgage investment conduits
(REMICs) and the market discount fraction reported with other REMIC
information. This document also contains final regulations that require
an issuer of publicly offered debt instruments with original issue
discount (OID) to file an information return with the Internal Revenue
Service. The relevant provisions in the Internal Revenue Code were
added or amended by the Tax Reform Act of 1984, the Tax Reform Act of
1986, and by the Technical and Miscellaneous Revenue Act of 1988.
Current Actions: There is no change to these existing regulations.
Type of Review: Extension of a currently approved collection.
Affected Public: Business or other for-profit organizations.
Estimated Number of Responses: 9,725.
Estimated Total Annual Burden Hours: 978.
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
[[Page 20297]]
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: April 7, 2015.
Christie Preston,
IRS Reports Clearance Officer.
[FR Doc. 2015-08653 Filed 4-14-15; 8:45 am]
BILLING CODE 4830-01-P