Federal Register / Vol. 83, No. 113 / Tuesday, June 12, 2018 / Notices 27375 

Remainder Trusts and Special Valuation 

Rules for Transfers of Interests and 

Trusts. 

DATES: Written comments should be 

received on or before August 13, 2018 

to be assured of consideration. 

ADDRESSES: Direct all written comments 

to Roberto Mora-Figueroa, Internal 

Revenue Service, Room 6526, 1111 

Constitution Avenue NW, Washington, 

DC 20224. 

FOR FURTHER INFORMATION: Requests for 

additional information or copies of this 

regulation should be directed to Sara 

Covington, Internal Revenue Service, 

Room 6526, 1111 Constitution Avenue 

NW, Washington, DC 20224, or at (202) 

317–6038 or through the internet at 

Sara.L.Covington@irs.gov. 

SUPPLEMENTARY INFORMATION: 

Title: Guidance Regarding Charitable 

Remainder Trusts and Special Valuation 

Rules for Transfers of Interests and 

Trusts. 

OMB Number: 1545–1536. 

Regulation Project Number: TD 8791. 

Abstract: This regulation provides 

guidance relating to charitable 

remainder trusts and to special 

valuation rules for transfers of interests 

in trusts. Section 1.664–1(a)(7) of the 

regulation provides that either an 

independent trustee or qualified 

appraiser using a qualified appraisal 

must value a charitable remainder 

trust’s assets that do not have an 

objective, ascertainable value. 

Current Actions: There is no change to 

this existing regulation. 

Type of Review: Extension of a 

currently approved collection. 

Affected Public: Businesses or other 

for-profit organizations. 

Estimated Number of Respondents: 

150. 

Estimated Time per Respondent: 30 

minutes. 

Estimated Total Annual Burden 

Hours: 75. 

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: June 4, 2018. 

Laurie Brimmer, 

Senior Tax Analyst. 

[FR Doc. 2018–12576 Filed 6–11–18; 8:45 am] 

BILLING CODE 4830–01–P 

DEPARTMENT OF THE TREASURY 

Internal Revenue Service 

Open Meeting of the Taxpayer 

Advocacy Panel Joint Committee: 

Change 

AGENCY: Internal Revenue Service (IRS) 

Treasury. 

ACTION: Notice of meeting: Change. 

SUMMARY: In the Federal Register notice 

that was originally published on May 8, 

2018, (Volume 83, Number 89, Page 

20913) the meeting date has changed. 

The date is changed from Wednesday, 

June 27, 2018 to Thursday, June 28, 

2018. 

DATES: The meeting will be held 

Thursday, June 28, 2018. 

FOR FURTHER INFORMATION CONTACT: Lisa 

Billups at 1–888–912–1227 or (214) 

413–6523. 

SUPPLEMENTARY INFORMATION: Notice is 

hereby given pursuant to Section 

10(a)(2) of the Federal Advisory 

Committee Act, 5 U.S.C. App. (1988) 

that an open meeting of the Taxpayer 

Advocacy Panel Joint Committee will be 

held Thursday, June 28, 2018, at 1:00 

p.m. Eastern Time via teleconference. 

The public is invited to make oral 

comments or submit written statements 

for consideration. For more information 

please contact Lisa Billups at 1–888– 

912–1227 or (214) 413–6523, or write 

TAP Office, 1114 Commerce Street, 

Dallas, TX 75242–1021, or post 

comments to the website: http://

www.improveirs.org. 

The agenda will include various 

committee issues for submission to the 

IRS and other TAP related topics. Public 

input is welcomed. 

Dated: June 6, 2018. 

Kevin Brown, 

Acting Director, Taxpayer Advocacy Panel. 

[FR Doc. 2018–12579 Filed 6–11–18; 8:45 am] 

BILLING CODE 4830–01–P 

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. 

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 proposed 

and/or continuing information 

collections, as required by the 

Paperwork Reduction Act of 1995. The 

IRS is soliciting comments concerning 

Form 1098, Mortgage Interest Statement 

and TD 8571 (IA–17–90), Reporting 

Requirements for Recipients of Points 

Paid on Residential Mortgages. 

DATES: Written comments should be 

received on or before August 13, 2018 

to be assured of consideration. 

ADDRESSES: Direct all written comments 

to Laurie Brimmer, Internal Revenue 

Service, Room 6526, 1111 Constitution 

Avenue NW, Washington, DC 20224. 

FOR FURTHER INFORMATION CONTACT: 

Requests for additional information or 

copies of this form and regulation 

should be directed to Sara Covington, at 

(202) 317 6038, 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: Reporting Requirements for 

Recipients of Points Paid on Residential 

Mortgages and Mortgage Interest 

Statement. 

OMB Number: 1545–1380. 

Form Number: 1098. 

Regulation Project Number: TD 8571. 

Abstract: T.D. 8571 regulations 

require the reporting of certain 

information relating to payments of 

mortgage interest. Form 1098 is used to 

report $600 or more of mortgage interest 

received from an individual in the 

course of the mortgagor’s trade or 


sradovich on DSK3GMQ082PROD with NOTICES
27376 Federal Register / Vol. 83, No. 113 / Tuesday, June 12, 2018 / Notices 

business. Taxpayers must separately 

state on Form 1098 the amount of points 

and the amount of interest (other than 

points) received during the taxable year 

on a single mortgage and must provide 

to the payer of the points a separate 

statement setting forth the information 

being reported to the IRS. 

Current Actions: There are no change 

to the form or existing regulation, 

however Form 1098 and TD 8571 have 

been consolidated under this collection. 

Type of Review: Revision of a 

currently approved collection. 

Affected Public: Business or other forprofit organizations. 

Estimated Number of Respondents: 

77,908,660. 

Estimated Time per Respondent: 

.23 hrs. 

Estimated Total Annual Burden 

Hours: 17,913,039. 

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: June 4, 2018. 

Laurie Brimmer, 

Senior Tax Analyst. 

[FR Doc. 2018–12574 Filed 6–11–18; 8:45 am] 

BILLING CODE 4830–01–P 

DEPARTMENT OF THE TREASURY 

Internal Revenue Service 

Proposed Collection; Comment 

Request for Form 8858 

AGENCY: Internal Revenue Service (IRS), 

Treasury. 

ACTION: Notice and request for 

comments. 

SUMMARY: The Internal Revenue Service 

(IRS), 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 information 

collections, as required by the 

Paperwork Reduction Act of 1995. The 

IRS is soliciting comments concerning 

Information Return of U.S. Persons With 

Respect To Foreign Disregarded Entities 

(FDEs) and Foreign Branches (FBs). 

DATES: Written comments should be 

received on or before August 13, 2018 

to be assured of consideration. 

ADDRESSES: Direct all written comments 

to Laurie Brimmer, 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 Martha R. Brinson, 

at (202) 317–5753, or at Internal 

Revenue Service, Room 6526, 1111 

Constitution Avenue NW, Washington, 

DC 20224, or through the internet at 

Martha.R.Brinson@irs.gov. 

SUPPLEMENTARY INFORMATION: 

Title: Information Return of U.S. 

Persons With Respect To Foreign 

Disregarded Entities (FDEs) and Foreign 

Branches (FBs). 

OMB Number: 1545–1910. 

Form Number: Form 8858 and 

Schedule M (Form 8858). 

Abstract: Form 8858 and Schedule M 

are used by certain U.S. persons that 

own a foreign disregarded entity (FDE) 

directly or, in certain circumstances, 

indirectly or constructively. These 

forms also now implement the relevant 

provisions of Public Law 115–97 

(Schedule M (Form 8858)). Section 

14302 of Public Law 115–97 (IRC 

904(d)(1)(B)—FTC category for foreign 

branch income) requires additional 

reporting by a foreign branch (FB) 

owned by a U.S. person. 

Form 8858 

Current Actions: (1) On page 1, we 

changed the title to include foreign 

branches as Form 8858 will be used to 

collect information from foreign 

branches as required by new sections 91 

and 904(d)(1)(B). References to foreign 

branches are added throughout the 

Form 8858, and foreign disregarded 

entities and foreign branches are 

abbreviated as FDE and FB; (2) Also, on 

page 1, for purposes of filtering, we 

added checkboxes to identify whether 

the FB or FDE is owned by a U.S. 

person, controlled foreign corporation 

(CFC), or controlled foreign partnership 

(CFP), and whether this is the initial or 

final Form 8858 filed; (3) On page 2, 

Schedule C, we added several 

additional income line items, and one 

for income tax expense, to correspond to 

items reflected on Form 1118, as 

modified, for FTC reporting by FBs 

pursuant to section 14302 of Public Law 

115–97; (4) Also, on page 2, Schedule 

C–1, we made changes requested by 

CC:INTL to clarify reporting of gains 

and losses on remittances by FDEs and 

FBs; (5) On page 3, Schedule G, we 

deleted old questions 4 and 5a to 5c, 

and added new questions 6 to 8, and 10 

to 13. Questions 6 and 7 were added to 

address base erosion under sections 

59A(d) and 59(c)(2). Question 8 was 

added to identify whether the FB or FDE 

was a qualified business unit under IRC 

989(a), which will enhance reporting of 

FB activities and remittances under IRC 

987. Questions 10 to 13 are 

modifications of old questions 4 and 5a 

to 5c, regarding dual consolidated 

losses, to provide more transparent and 

accurate reporting of DCLs incurred by 

FBs or FDEs of a U.S. owner; (6) On 

page 4, we added Schedule I, 

Transferred Loss Amounts, which will 

indicate whether section 91 (section 

14102 of Pub. L. 115–97) applies. Also, 

Schedule I will indicate whether a 

domestic corporation transferred foreign 

branch assets to a foreign corporation, 

which would invoke section 91, and 

require the inclusion of the transferred 

loss amount into income; (7) Also, on 

page 4, we added Schedule J, Income 

Taxes Paid or Accrued, which will 

provide additional information on the 

foreign taxes paid or accrued by the FB 

or FDE, converted to U.S. dollars and 

classified into separate FTC categories, 

including the new category under 

section 904(d)(1)(B) (section 14302 of 

Pub. L. 115–97). 

Schedule M (Form 8858) 

A third column heading was added to 

report transactions of an FDE or FB of 

a U.S. tax owner with corresponding 

changes to columns (a)–(e). The 

instructions will clarify that the 

Schedule M (Form 8858) must be 

completed and attached to the Form 

8858 to report transactions between the 

FB or FDE and the filer of Form 8858 

or other related entity, regardless of the 

tax owner of the FB or FDE. 


sradovich on DSK3GMQ082PROD with NOTICES