[Federal Register Volume 78, Number 152 (Wednesday, August 7, 2013)]
[Notices]
[Page 48230]
From the Federal Register Online via the Government Publishing Office [www.gpo.gov]
[FR Doc No: 2013-18999]



[[Page 48230]]

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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)). Currently, the IRS is soliciting comments concerning an 
existing regulation, TD 9353, Section 1045 Application to Partnerships.

DATES: Written comments should be received on or before October 7, 2013 
to be assured of consideration.

ADDRESSES: Direct all written comments to Yvette Lawrence, Internal 
Revenue Service, Room 6129, 1111 Constitution Avenue NW., Washington, 
DC 20224.

FOR FURTHER INFORMATION CONTACT: Requests for additional information or 
copies of the regulations should be directed to LaNita Van Dyke at 
Internal Revenue Service, Room 6511, 1111 Constitution Avenue NW., 
Washington, DC 20224, or at (202) 622-3215, or through the Internet at 
[email protected].

SUPPLEMENTARY INFORMATION:
    Title: Section 1045 Application to Partnerships.
    OMB Number: 1545-1893.
    Regulation Project Number: TD 9353.
    Abstract: This document contains regulations relating to the 
application of section 1045 of the Internal Revenue Code (Code) to 
partnerships and their partners. These regulations provide rules 
regarding the deferral of gain on a partnership's sale of qualified 
small business stock and deferral of gain on a partner's sale of 
qualified small business stock distributed by a partnership. The final 
regulations affect partnerships that invest in qualified small business 
stock and their partners. This document also provides notice of a 
public hearing on the proposed regulations.
    Current Actions: There is no change to this existing regulation.
    Type of Review: Extension of the currently approved collection.
    Affected Public: Individuals or households.
    Estimated Number of Respondents: 1,000.
    Estimated Time Per Respondent: 1 hour.
    Estimated Total Annual Burden Hours: 1,000.
    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: July 11, 2013.
Allan Hopkins,
Tax Analyst.
[FR Doc. 2013-18999 Filed 8-6-13; 8:45 am]
BILLING CODE 4830-01-P