[Federal Register Volume 79, Number 177 (Friday, September 12, 2014)]
[Notices]
[Pages 54778-54779]
From the Federal Register Online via the Government Publishing Office [www.gpo.gov]
[FR Doc No: 2014-21825]


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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 
agent for consolidated group and Revenue Procedure 2002-43, 
Determination of a Substitute Agent for a Consolidated Group.

DATES: Written comments should be received on or before November 12, 
2014 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

[[Page 54779]]

copies of regulations should be directed to Gerald J. Shields, LL.M., 
1111 Constitution Avenue NW., Washington, DC 20224, or through the 
internet at [email protected].

SUPPLEMENTARY INFORMATION: 
    Title: Agent for Consolidated Group.
    OMB Number: 1545-1699.
    Regulation Project Number: TD 9002.
    Abstract: The information collection is needed in order for a 
terminating common parent of a consolidated group to designate a 
substitute agent for the group and receive approval of the 
Commissioner, or for a default substitute agent to notify the 
Commissioner that it is the default substitute agent, pursuant to 
Treas. Reg. Sec.  1.1502-77(d) . The Commissioner will use the 
information to determine whether to approve the designation of the 
substitute agent (if approval is required) and to change the IRS's 
records to reflect the information about the substitute agent. Final 
regulations (67 FR 43538) were published in the Federal Register on 
June 28, 2002.
    Revenue Procedure Number: 2002-43.
    Abstract: Revenue Procedure 2002-43, Determination of a Substitute 
Agent for a Consolidated Group, provides any instructions that apply to 
any designation of a substitute agent, notification of the existence of 
a default substitute agent, a request for the designation of a 
substitute agent, and request for replacement of a previously 
designated substitute agent. The instructions also provide for the 
automatic approval of requests by a terminating common parent to 
designate its qualifying successor as a substitute agent.
    Current Actions: There is no material change to this existing 
information collection.
    Type of Review: Extension of a currently approved collection.
    Affected Public: Business or other for-profit organizations.
    Estimated Number of Respondents: 100.
    Estimated Time per Respondent: 2 hours.
    Estimated Total Annual Burden Hours: 200.
    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: September 3, 2014.
Christie Preston,
IRS Reports Clearance Officer.
[FR Doc. 2014-21825 Filed 9-11-14; 8:45 am]
BILLING CODE 4830-01-P