[Federal Register Volume 80, Number 179 (Wednesday, September 16, 2015)]
[Notices]
[Pages 55713-55714]
From the Federal Register Online via the Government Publishing Office [www.gpo.gov]
[FR Doc No: 2015-23209]


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DEPARTMENT OF THE TREASURY


Submission for OMB Review; Comment Request

AGENCY: Department of the Treasury.

ACTION: Notice.

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    The Department of the Treasury will submit the following 
information collection requests to the Office of Management and Budget 
(OMB) for review and clearance in accordance with the Paperwork 
Reduction Act of 1995, Public Law 104-13, on or after the date of 
publication of this notice.

DATES: Comments should be received on or before October 16, 2015 to be 
assured of consideration.

ADDRESSES: Send comments regarding the burden estimate, or any other 
aspect of the information collection, including suggestions for 
reducing the burden, to (1) Office of Information and Regulatory 
Affairs, Office of Management and Budget, Attention: Desk Officer for 
Treasury, New Executive Office Building, Room 10235, Washington, DC 
20503, or email at [email protected] and (2) Treasury PRA 
Clearance Officer, 1750 Pennsylvania Ave. NW., Suite 8140, Washington, 
DC 20220, or email at [email protected].

FOR FURTHER INFORMATION CONTACT: Copies of the submission(s) may be 
obtained by email at [email protected] or the entire information 
collection request may be found at www.reginfo.gov.

SUPPLEMENTARY INFORMATION:

Internal Revenue Service (IRS)

    OMB Number: 1545-1241.
    Type of Review: Extension without change of a previously approved 
collection.
    Title: TD 8395--Special Valuation Rules.
    Abstract: Section 2701 of the Internal Revenue Code allows various 
elections by family members who make gifts of common stock or 
partnership interests and retain senior interest. The elections affect 
the value of the gifted interests and the retained interests. 
Regulations relating to chapter 14 of the Internal Revenue Code, as 
enacted in the Omnibus Budget Reconciliation Act of 1990, Public Law 
101-508, 104 Stat. 1388, provides special valuation rules for purposes 
of Federal estate and gift taxes imposed under chapter 1 and 12 of the 
Code. In addition, these regulations provide rules involving lapsing 
rights and other transactions that are treated as completed transfers 
under chapter 14.
    Affected Public: Individuals or Households.
    Estimated Annual Burden Hours: 496.
    OMB Number: 1545-1952.
    Type of Review: Extension without change of a previously approved 
collection.
    Title: Revenue Procedure 2005-50--Automatic Consent for Eligible 
Educational Institution to Change Reporting Methods.
    Abstract: This revenue procedure prescribes how an eligible 
educational institution may obtain automatic

[[Page 55714]]

consent from the Service to change its method of reporting under 
section 6050S of the Code and the Income Tax Regulations.
    Affected Public: Private Sector: Not-for-profit institutions.
    Estimated Annual Burden Hours: 300.

    Dated: September 10, 2015.
Dawn D. Wolfgang,
Treasury PRA Clearance Officer.
[FR Doc. 2015-23209 Filed 9-15-15; 8:45 am]
 BILLING CODE 4830-01-P