80388 Federal Register / Vol. 88, No. 221 / Friday, November 17, 2023 / Notices 

Notice Number: Notice 2005–62. 

Abstract: Notice 2005–04 provides 

guidance on certain excise tax Code 

provisions that were added or effected 

by the American Jobs Creation Act of 

2004. The information will be used by 

the IRS to verify that the proper amount 

of tax is reported, excluded, refunded, 

or credited. This notice is modified and 

expanded by Notices 2005–24, 2005–62, 

and 2005–80. 

Current Actions: There are no changes 

being made to the notice at this time. 

Type of Review: Extension of a 

currently approved collection. 

Affected Public: Business or other forprofit organizations, not-for-profit 

institutions, farms, Federal, state, local 

or tribal governments. 

Estimated Number of Responses: 

157,963. 

Estimated Time per Respondent: .48 

hours. 

Estimated Total Annual Burden 

Hours: 76,190. 

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: October 31, 2023. 

Sara L. Covington, 

IRS Tax Analyst. 

[FR Doc. 2023–25411 Filed 11–16–23; 8:45 am] 

BILLING CODE 4830–01–P 

DEPARTMENT OF THE TREASURY 

Internal Revenue Service 

Proposed Collection; Comment 

Request for Certain Transfers of 

Domestic Stock or Securities by U.S. 

Persons to Foreign Corporations 

AGENCY: Internal Revenue Service (IRS), 

Treasury. 

ACTION: Notice and request for 

comments. 

SUMMARY: The Internal Revenue Service, 

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 continuing 

information collections, as required by 

the Paperwork Reduction Act of 1995. 

The IRS is soliciting comments 

concerning certain transfers of domestic 

stock or securities by U.S. persons to 

foreign corporations. 

DATES: Written comments should be 

received on or before January 16, 2024 

to be assured of consideration. 

ADDRESSES: Direct all written comments 

to Andres Garcia, Internal Revenue 

Service, Room 6526, 1111 Constitution 

Avenue NW, Washington, DC 20224 or 

by email to pra.comments@irs.gov. 

Please include the OMB Control 

Number 1545–1478 or TD 8702 in the 

Subject line. 

FOR FURTHER INFORMATION CONTACT: 

Requests for additional information or 

copies of the form should be directed to 

Kerry Dennis, at (202) 317–5744 or 

Internal Revenue Service, Room 6526, 

1111 Constitution Avenue NW, 

Washington, DC 20224, or through the 

internet, at sara.l.covington@irs.gov. 

SUPPLEMENTARY INFORMATION: 

Title: Certain Transfers of Domestic 

Stock or Securities by U.S. Persons to 

Foreign Corporations. 

OMB Number: 1545–1478. 

Regulation Project Number: TD 8702. 

Abstract: The regulation relates to 

certain transfers of stock or securities of 

domestic corporations pursuant to the 

corporate organization, reorganization, 

or liquidation provisions of the internal 

Revenue Code. Transfers of stock or 

securities by U.S. persons in tax-free 

transactions are treated as taxable 

transactions when the acquirer is a 

foreign corporation, unless an exception 

applies under Code section 367(a). This 

regulation provides that no U.S. person 

will qualify for an exception unless the 

U.S. target company complies with 

certain reporting requirements. 

Current Actions: There are no changes 

being made to the regulations at this 

time. 

Type of Review: Extension of a 

currently approved collection. 

Affected Public: Business or other forprofit organizations. 

Estimated Number of Respondents: 

100. 

Estimated Time per Respondent: 10 

minutes. 

Estimated Total Annual Burden 

Hours: 1,000. 

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 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: October 31, 2023. 

Sara L. Covington, 

IRS Tax Analyst. 

[FR Doc. 2023–25410 Filed 11–16–23; 8:45 am] 

BILLING CODE 4830–01–P 


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