[Federal Register Volume 83, Number 25 (Tuesday, February 6, 2018)]
[Notices]
[Page 5295]
From the Federal Register Online via the Government Publishing Office [www.gpo.gov]
[FR Doc No: 2018-02318]
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DEPARTMENT OF THE TREASURY
Internal Revenue Service
Proposed Information Collection; Comment Request for Regulation
Project
AGENCY: Internal Revenue Service (IRS), Treasury.
ACTION: Notice and request for comments.
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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
proposed and/or continuing information collections, as required by the
Paperwork Reduction Act of 1995. The IRS is soliciting comments
concerning the Notice of Income from Donated Intellectual Property.
DATES: Written comments should be received on or before April 9, 2018
to be assured of consideration.
ADDRESSES: Direct all written comments to Laurie Brimmer, Internal
Revenue Service, Room 6526, 1111 Constitution Avenue NW, Washington, DC
20224. 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, should be directed to LaNita Van Dyke, at
Internal Revenue Service, Room 6526, 1111 Constitution Avenue NW,
Washington, DC 20224, or (202) 317-6009 or, through the internet, at
[email protected].
SUPPLEMENTARY INFORMATION:
Title: Notice of Income Donated Intellectual Property.
OMB Number: 1545-1962.
Form Number: Form 8899.
Abstract: Form 8899 is filed by charitable org. receiving donations
of intellectual property if the donor provides timely notice. The
initial deduction is limited to the donor's basis; additional
deductions are allowed to the extent of income from the property,
reducing excessive deductions.
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: Business or other for-profit, and not-for-profit
institutions.
Estimated Number of Respondents: 1,000.
Estimated Time per Respondent: 5 hrs. 26 min.
Estimated Total Annual Burden Hours: 5,430.
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.
Approved: January 23, 2018.
Laurie Brimmer,
Senior Tax Analyst.
[FR Doc. 2018-02318 Filed 2-5-18; 8:45 am]
BILLING CODE 4830-01-P