[Federal Register Volume 85, Number 176 (Thursday, September 10, 2020)]
[Notices]
[Pages 55936-55937]
From the Federal Register Online via the Government Publishing Office [www.gpo.gov]
[FR Doc No: 2020-19958]


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DEPARTMENT OF THE TREASURY

Internal Revenue Service


Proposed Collection; Comment Request for Form 15254

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 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. Currently, the IRS is soliciting comments 
concerning Form 15058, Application for Security Summit Membership.

DATES: Written comments should be received on or before November 9, 
2020 to be assured of consideration.

ADDRESSES: Direct all written comments to Kinna Brewington, 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 and instructions should be directed to LaNita Van 
Dyke at (202) 317-6009, at Internal Revenue Service, Room 6526, 1111 
Constitution Avenue NW, Washington, DC 20224, or through the internet 
at [email protected].

SUPPLEMENTARY INFORMATION:
    Title: Request for Section 754 Revocation.
    OMB Number: 1545-XXXX.
    Form Number: 15254.
    Abstract: Section 754 election revocation requests have increased 
since technical terminations were repealed under TCJA for tax years 
beginning after December 31, 2017. LB&I, in collaboration with SBSE, 
developed a new form (Form 15254) with instructions for the partnership 
to use to submit the revocation request.
    Form 15254--Request for Section 754 Revocation, the data is the 
same collected on the Form 1065 U.S. Return of Partnership Income and 
will be used to contact the partnership and make a determination 
regarding whether the Section 754 revocation request will be approved 
or denied.
    Current Actions: This is a new form.
    Type of Review: Approval of a new collection.
    Affected Public: Business or other for-profit.
    Estimated Number of Respondents: 50.
    Estimated Time per Respondent: 5 minutes, 12 sec.
    Estimated Total Annual Burden Hours: 256.
    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 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

[[Page 55937]]

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, 2020.
Chakinna B. Clemons,
Supervisory Tax Analyst.
[FR Doc. 2020-19958 Filed 9-9-20; 8:45 am]
BILLING CODE 4830-01-P