[Federal Register Volume 83, Number 113 (Tuesday, June 12, 2018)]
[Notices]
[Pages 27374-27375]
From the Federal Register Online via the Government Publishing Office [www.gpo.gov]
[FR Doc No: 2018-12576]
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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 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 Guidance regarding Charitable
[[Page 27375]]
Remainder Trusts and Special Valuation Rules for Transfers of Interests
and Trusts.
DATES: Written comments should be received on or before August 13, 2018
to be assured of consideration.
ADDRESSES: Direct all written comments to Roberto Mora-Figueroa,
Internal Revenue Service, Room 6526, 1111 Constitution Avenue NW,
Washington, DC 20224.
FOR FURTHER INFORMATION: Requests for additional information or copies
of this regulation should be directed to Sara Covington, Internal
Revenue Service, Room 6526, 1111 Constitution Avenue NW, Washington, DC
20224, or at (202) 317-6038 or through the internet at
[email protected].
SUPPLEMENTARY INFORMATION:
Title: Guidance Regarding Charitable Remainder Trusts and Special
Valuation Rules for Transfers of Interests and Trusts.
OMB Number: 1545-1536.
Regulation Project Number: TD 8791.
Abstract: This regulation provides guidance relating to charitable
remainder trusts and to special valuation rules for transfers of
interests in trusts. Section 1.664-1(a)(7) of the regulation provides
that either an independent trustee or qualified appraiser using a
qualified appraisal must value a charitable remainder trust's assets
that do not have an objective, ascertainable value.
Current Actions: There is no change to this existing regulation.
Type of Review: Extension of a currently approved collection.
Affected Public: Businesses or other for-profit organizations.
Estimated Number of Respondents: 150.
Estimated Time per Respondent: 30 minutes.
Estimated Total Annual Burden Hours: 75.
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 4, 2018.
Laurie Brimmer,
Senior Tax Analyst.
[FR Doc. 2018-12576 Filed 6-11-18; 8:45 am]
BILLING CODE 4830-01-P