[Federal Register Volume 81, Number 87 (Thursday, May 5, 2016)]
[Notices]
[Page 27214]
From the Federal Register Online via the Government Publishing Office [www.gpo.gov]
[FR Doc No: 2016-10573]


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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 
Treatment of Services Under Section 482; Allocation of Income and 
Deductions From Intangibles; Stewardship Expense.

DATES: Written comments should be received on or before July 5, 2016 to 
be assured of consideration.

ADDRESSES: Direct all written comments to Tuawana Pinkston, Internal 
Revenue Service, Room 6526, 1111 Constitution Avenue NW., Washington, 
DC 20224.

FOR FURTHER INFORMATION CONTACT: Requests for additional information or 
copies of the regulation should be directed to Kerry Dennis at Internal 
Revenue Service, Room 6526, 1111 Constitution Avenue NW., Washington, 
DC 20224, or through the internet, at [email protected].

SUPPLEMENTARY INFORMATION:
    Title: Treatment of Services Under Section 482; Allocation of 
Income and Deductions From Intangibles; Stewardship Expense.
    OMB Number: 1545-2149.
    Regulation Project Number: TD 9278.
    Abstract: TD 9278 contains final and temporary regulations that 
provide guidance regarding the treatment of controlled services 
transactions under section 482 and the allocation of income from 
intangibles, in particular with respect to contributions by a 
controlled party to the value of an intangible owned by another 
controlled party. This document also contains final and temporary 
regulations that modify the regulations under section 861 concerning 
stewardship expenses to be consistent with the changes made to the 
regulations under section 482. They provide updated guidance necessary 
to reflect economic and legal developments since the issuance of the 
current guidance.
    Current Actions: There is no change to this existing regulation.
    Type of Review: Extension of a currently approved collection.
    Affected Public: Business or other for-profit organizations.
    Estimated Number of Respondents: 1000.
    Estimated Time per Respondent: 4 hours, 30 minutes.
    Estimated Total Annual Burden Hours: 4500.
    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: April 29, 2016.
Tuawana Pinkston,
IRS Reports Clearance Officer.
[FR Doc. 2016-10573 Filed 5-4-16; 8:45 am]
 BILLING CODE 4830-01-P