[Federal Register Volume 85, Number 142 (Thursday, July 23, 2020)]
[Notices]
[Pages 44580-44581]
From the Federal Register Online via the Government Publishing Office [www.gpo.gov]
[FR Doc No: 2020-15948]
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DEPARTMENT OF THE TREASURY
Internal Revenue Service
Proposed Collection; Comment Request Concerning Time and Manner
of Making Certain Elections Under the Technical and Miscellaneous
Revenue Act of 1988, and the Redesignation of Certain Other Temporary
Elections
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
continuing information collections, as required by the Paperwork
Reduction Act of 1995. The IRS is soliciting comments concerning time
and manner of making certain elections under the technical and
miscellaneous revenue act of 1988, and the redesignation of certain
other temporary elections.
DATES: Written comments should be received on or before September 21,
2020 to be assured of consideration.
ADDRESSES: Direct all written comments to Chakinna B. Clemons, Internal
Revenue Service, Room 6526, 1111 Constitution Avenue NW, Washington, DC
20224.
FOR FURTHER INFORMATION CONTACT: Requests for additional information or
copies of the form should be directed to Kerry Dennis, at (202) 317-
5751 or Internal Revenue Service, Room 6526, 1111 Constitution Avenue
NW, Washington, DC 20224, or through the internet, at
[email protected].
SUPPLEMENTARY INFORMATION:
Title: Certain Elections Under the Technical and Miscellaneous
Revenue Act of 1988 and the Redesignation of Certain Other Temporary
Elections Regulations.
OMB Number: 1545-1112.
Regulation Project Number: TD 8435.
Abstract: Regulation section 301.9100-8 provides final income,
estate and gift, and employment tax regulations relating to elections
made under the Technical and Miscellaneous Revenue Act of 1988. This
regulation enables taxpayers to take advantage of various benefits
provided by the Internal Revenue Code.
Current Actions: There are no changes being made to the regulations
at this time.
Type of Review: Extension of a currently approved collection.
Affected Public: Individuals or households, business or other for-
profit organizations, not-for-profit institutions, farms, and state,
local, or tribal governments.
Estimated Number of Respondents: 21,740.
Estimated Time per Respondent: 17 minutes.
Estimated Total Annual Burden Hours: 6,010.
The following paragraph applies to all 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 if 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
[[Page 44581]]
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: July 17, 2020.
Chakinna B. Clemons,
Supervisory Tax Analyst.
[FR Doc. 2020-15948 Filed 7-22-20; 8:45 am]
BILLING CODE 4830-01-P