[Federal Register Volume 86, Number 101 (Thursday, May 27, 2021)]
[Notices]
[Pages 28684-28685]
From the Federal Register Online via the Government Publishing Office [www.gpo.gov]
[FR Doc No: 2021-11176]


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DEPARTMENT OF THE TREASURY


Agency Information Collection Activities; Submission for OMB 
Review; Comment Request; Notification of Foreign Tax Redeterminations

AGENCY: Departmental Offices, U.S. Department of the Treasury.

ACTION: Notice.

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SUMMARY: The Department of the Treasury will submit the following 
information collection request to the Office of Management and Budget 
(OMB) for review and clearance in accordance with the Paperwork 
Reduction Act of 1995, on or after the date of publication of this 
notice. The public is invited to submit comments on these requests.

DATES: Comments must be received on or before June 28, 2021.

ADDRESSES: Written comments and recommendations for the proposed 
information collection should be sent within 30 days of publication of 
this notice to www.reginfo.gov/public/do/PRAMain. Find this particular 
information collection by selecting ``Currently under 30-day Review--
Open for Public Comments'' or by using the search function.

FOR FURTHER INFORMATION CONTACT: Copies of the submissions may be 
obtained from Molly Stasko by emailing [email protected], calling (202) 
622-8922, or viewing the entire information collection request at 
www.reginfo.gov.

SUPPLEMENTARY INFORMATION:

Internal Revenue Service (IRS)

    Title: Foreign Tax Credit; Notification of Foreign Tax 
Redeterminations.
    OMB Control Number: 1545-1056.
    Type of Review: Extension of a currently approved collection.
    Description: The regulation relates to a taxpayer's obligation 
under section 905(c) of the Internal Revenue Code to file notification 
of a foreign tax redetermination, to make adjustments to a taxpayer's 
pools of foreign taxes and earnings and profits, and the imposition of 
the civil penalty for failure to file such notice or report such 
adjustments.
    Regulatory Project Number: REG-209020-86.
    Affected Public: Businesses or other for-profit organizations.
    Estimated Number of Respondents: 13,000.
    Frequency of Response: Annually.
    Estimated Total Number of Annual Responses: 13,000.
    Estimated Time per Response: 4.153 hours.
    Estimated Total Annual Burden Hours: 54,000 hours.


[[Page 28685]]


(Authority: 44 U.S.C. 3501 et seq.)

    Dated: May 21, 2021.
Molly Stasko,
Treasury PRA Clearance Officer.
[FR Doc. 2021-11176 Filed 5-26-21; 8:45 am]
BILLING CODE 4810-25-P