Federal Register / Vol. 83, No. 171 / Tuesday, September 4, 2018 / Notices 45015 

DEPARTMENT OF THE TREASURY 

Internal Revenue Service 

Proposed Extension of Information 

Collection Request Submitted for 

Public Comment; Transitional 

Guidance Under Sections 162(f) and 

6050X With Respect to Certain Fines, 

Penalties, and Other Amounts 

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 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 

transitional guidance under sections 

162(f) and 6050X with respect to certain 

fines, penalties, and other amounts. 

DATES: Written comments should be 

received on or before November 5, 2018 

to be assured of consideration. 

ADDRESSES: Direct all written comments 

to Laurie Brimmer, Internal Revenue 

Service, Room 6129, 1111 Constitution 

Avenue NW, Washington, DC 20224. 

Requests for additional information or 

copies of the regulations should be 

directed to R. Joseph Durbala, at Internal 

Revenue Service, Room 6129, 1111 

Constitution Avenue NW, Washington, 

DC 20224, or through the internet, at 

RJoseph.Durbala@irs.gov. 

SUPPLEMENTARY INFORMATION: 

Title: Transitional Guidance Under 

Sections 162(f) and 6050X with Respect 

To Certain Fines, Penalties, and Other 

Amounts. 

OMB Number: 1545–New. 

Regulation Project Number: Notice 

2018–23, Form 1098–F. 

Abstract: The collection covers the 

new information reporting requirements 

under IRC 162(f) and new 6050X, which 

was added by the Tax Cuts and Jobs Act 

(TCJA). 

Section 13306 of ‘‘An Act to provide 

for reconciliation pursuant to titles II 

and V of the concurrent resolution on 

the budget for fiscal year 2018,’’ Public 

Law 115–97 (the ‘‘Act’’), which was 

signed into law on December 22, 2017, 

amended section 162(f) of the Internal 

Revenue Code (‘‘Code’’) and added new 

section 6050X to the Code. The 

Department of the Treasury (‘‘Treasury 

Department’’) and the Internal Revenue 

Service (‘‘IRS’’) intend to publish 

proposed regulations under sections 

162(f) and 6050X. 

Current Actions: The Treasury 

Department and the IRS intend to issue 

proposed regulations amending and 

adding sections to the Income Tax 

Regulations with respect to sections 

162(f) and 6050X. To assist in the 

development of the proposed 

regulations, the IRS has requests 

comments from the public and affected 

governments and nongovernmental 

entities, on any and all issues related to 

the application and implementation of 

sections 162(f) and 6050X that the 

proposed regulations should address. 

This submission is being made to seek 

new approval as required in the 

Paperwork Reduction Act. 

Type of Review: New collection. 

Affected Public: Federal government, 

State, Local, or Tribal Government. 

Estimated Number of Respondents: 

200. 

Estimated Time per Respondent: 7 

min. 

Estimated Total Annual Burden 

Hours: 24. 

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. 

Desired Focus of Comments: The 

Internal Revenue Service (IRS) is 

particularly interested in comments 

that: 

• Evaluate whether the proposed 

collection of information is necessary 

for the proper performance of the 

functions of the agency, including 

whether the information will have 

practical utility; 

• Evaluate the accuracy of the 

agency’s estimate of the burden of the 

proposed collection of information, 

including the validity of the 

methodology and assumptions used; 

• Enhance the quality, utility, and 

clarity of the information to be 

collected; and 

• Minimize the burden of the 

collection of information on those who 

are to respond, including using 

appropriate automated, electronic, 

mechanical, or other technological 

collection techniques or other forms of 

information technology, e.g., by 

permitting electronic submissions of 

responses. 

Comments submitted in response to 

this notice will be summarized and/or 

included in the ICR for OMB approval 

of the extension of the information 

collection; they will also become a 

matter of public record. 

Approved: August 28, 2018. 

Laurie Brimmer, 

IRS, Senior Tax Analyst. 

[FR Doc. 2018–19172 Filed 8–31–18; 8:45 am] 

BILLING CODE 4830–01–P 

DEPARTMENT OF THE TREASURY 

Proposed Collection; Comment 

Request 

AGENCY: Departmental Offices, Treasury 

Department. 

ACTION: Notice and request for 

comments. 

SUMMARY: The Department of the 

Treasury, as part of its continuing effort 

to reduce paperwork burdens, invites 

the general public and other Federal 

agencies to comment on an information 

collection that is due for renewed 

approval by the Office of Management 

and Budget. The Office of International 

Affairs within the Department of the 

Treasury is soliciting comments 

concerning recordkeeping requirements 

associated with Reporting of 

International Capital and Foreign 

Currency Transactions and Positions— 

31 CFR part 128. 

DATES: Written comments should be 

received on or before November 5, 2018 

to be assured of consideration. 

ADDRESSES: Direct all written comments 

on international capital transactions and 

positions to: Dwight Wolkow, 

International Portfolio Investment Data 

Systems, Department of the Treasury, 

Room 5422, 1500 Pennsylvania Avenue 

NW, Washington, DC 20220. In view of 

possible delays in mail delivery, please 

also notify Mr. Wolkow by email 

(comments2TIC@treasury.gov), FAX 

(202–622–2009) or telephone (202–622– 

1276). Direct all written comments on 

foreign currency transactions and 

positions to: Emily Weis, Department of 

the Treasury, Room 1328, 1500 

Pennsylvania Avenue NW, Washington 

DC 20220. In view of possible delays in 

mail delivery, please also notify Ms. 

Weis by email (Emily.Weis@

treasury.gov), FAX (202–622–9068) or 

telephone (202–622–5513). 

FOR FURTHER INFORMATION CONTACT: 

Requests for additional information on 

international capital transactions and 

positions should be directed to Mr. 


sradovich on DSK3GMQ082PROD with NOTICES
45016 Federal Register / Vol. 83, No. 171 / Tuesday, September 4, 2018 / Notices 

Wolkow. Requests for additional 

information on foreign currency 

transactions and positions should be 

directed to Ms. Weis. 

SUPPLEMENTARY INFORMATION: 

Title: 31 CFR part 128, Reporting of 

International Capital and Foreign 

Currency Transactions and Positions. 

OMB Number: 1505–0149. 

Abstract: 31 CFR part 128 establishes 

general guidelines for reporting on 

United States claims on and liabilities to 

foreigners; on transactions in securities 

with foreigners; and on the monetary 

reserves of the United States as 

provided for by the International 

Investment and Trade in Services 

Survey Act and the Bretton Woods 

Agreements Act. In addition, 31 CFR 

part 128 establishes general guidelines 

for reporting on the nature and source 

of foreign currency transactions of large 

U.S. business enterprises and their 

foreign affiliates. This regulation 

includes a recordkeeping requirement, 

§ 128.5, which is necessary to enable the 

Office of International Affairs to verify 

reported information and to secure 

additional information concerning 

reported information as may be 

necessary. The recordkeepers are U.S. 

persons required to file reports covered 

by these regulations. The forms 

prescribed by the Secretary and covered 

by this regulation, § 128.1(c), are 

Treasury International Capital (TIC) 

Forms BC, BL–1, BL–2, BQ–1, BQ–2, 

BQ–3, CQ–1, CQ–2, D, S, SLT and 

Treasury Foreign Currency Forms FC–1, 

FC–2, and FC–3. 

Current Actions: No changes to 

recordkeeping requirements are 

proposed at this time. 

Type of Review: Extension of a 

currently approved data collection. 

Affected Public: Business or other forprofit organizations. 

Estimated Number of Record keepers: 

2,204. 

Estimated Average Time per 

Respondent: One-third hour per 

respondent per filing. 

Estimated Total Annual Burden 

Hours: 7,391 hours, based on 22,176 

responses per year. 

Request for Comments: Comments 

submitted in response to this notice will 

be summarized and/or included in the 

request for Office of Management and 

Budget approval. All comments will 

become a matter of public record. The 

public is invited to submit written 

comments concerning: (a) Whether the 

recordkeeping requirements in 31 CFR 

part 128.5 are necessary for the proper 

performance of the functions of the 

Office, including whether the 

information will have practical uses; (b) 

the accuracy of the above estimate of the 

burdens; (c) ways to enhance the 

quality, usefulness and clarity of the 

information to be collected; (d) ways to 

minimize the reporting and/or record 

keeping burdens on respondents, 

including the use of information 

technologies to automate the collection 

of the data; and (e) estimates of capital 

or start-up costs of operation, 

maintenance and purchase of services to 

provide information. 

Dwight Wolkow, 

Administrator, International Portfolio 

Investment Data Systems. 

Emily Weis, 

Financial Analyst. 

[FR Doc. 2018–19031 Filed 8–31–18; 8:45 am] 

BILLING CODE 4810–25–P 

DEPARTMENT OF VETERANS 

AFFAIRS 

[OMB Control No. 2900–0740] 

Agency Information Collection Activity 

Under OMB Review: Request for 

Substitution of Claimant Upon Death of 

Claimant 

AGENCY: Veterans Benefits 

Administration, Department of Veterans 

Affairs. 

ACTION: Notice. 

SUMMARY: In compliance with the 

Paperwork Reduction Act (PRA) of 

1995, this notice announces that the 

Veterans Benefits Administration 

(VBA), Department of Veterans Affairs, 

will submit the collection of 

information abstracted below to the 

Office of Management and Budget 

(OMB) for review and comment. The 

PRA submission describes the nature of 

the information collection and its 

expected cost and burden and it 

includes the actual data collection 

instrument. 

DATES: Comments must be submitted on 

or before October 4, 2018. 

ADDRESSES: Submit written comments 

on the collection of information through 

www.Regulations.gov, or to Office of 

Information and Regulatory Affairs, 

Office of Management and Budget, Attn: 

VA Desk Officer; 725 17th St. NW, 

Washington, DC 20503 or sent through 

electronic mail to oira_submission@

omb.eop.gov. Please refer to ‘‘OMB 

Control No. 2900–0740’’ in any 

correspondence. 

FOR FURTHER INFORMATION CONTACT: 

Cynthia Harvey-Pryor, Office of Quality, 

Privacy and Risk, Department of 

Veterans Affairs, 811 Vermont Avenue, 

Floor 5, Area 368, Washington, DC 

20420, (202) 461–5870 or email 

cynthia.harvey-pryor@va.gov. Please 

refer to ‘‘OMB Control No. 2900–0000’’ 

in any correspondence. 

SUPPLEMENTARY INFORMATION: 

Authority: 38 U.S.C. 5121(a). 

Title: Request for Substitution of 

Claimant Upon Death of Claimant. 

OMB Control Number: 2900–0740. 

Abstract: The Department of Veterans 

Affairs (VA), through its Veterans 

Benefits Administration (VBA), 

administers an integrated program of 

benefits and services established by law 

for veterans, service personnel, and 

their dependents and/or beneficiaries. 

Information requested by this form is 

authorized under the authority of 38 

U.S.C. 5121A, Payment of Certain 

Accrued Benefits Upon Death of a 

Beneficiary. VA Form 21P–0847, 

Application for Request to Substitute 

Claimant, will be used to allow 

claimants to request substitution for a 

claimant who passed away prior to VA 

processing a claim to completion. This 

is only allowed when a claimant dies 

while a claim or appeal for any benefit 

under a law administered by the VA is 

pending. The substitute claimant would 

be eligible to receive accrued benefits 

due a deceased claimant under Section 

5121(a). The substitute claim must be 

filed no later than one year after the date 

of the death of the claimant. By law, VA 

must have a claimant’s or beneficiary’s 

written permission (an ‘‘authorization’’) 

to be a substitute claimant. The claimant 

or beneficiary may revoke the 

authorization at any time, except if VA 

has already acted based on the 

permission. 

An agency may not conduct or 

sponsor, and a person is not required to 

respond to a collection of information 

unless it displays a currently valid OMB 

control number. The Federal Register 

Notice with a 60-day comment period 

soliciting comments on this collection 

of information was published at 83 FR 

30226 on June 27, 2018, pages 30226 

and 30227. 

Affected Public: Individuals and 

households. 

Estimated Annual Burden: 1,667 

hours. 

Estimated Average Burden per 

Respondent: 5 minutes. 

Frequency of Response: Once. 

Estimated Number of Respondents: 

20,000. 

By direction of the Secretary. 

Cynthia D. Harvey-Pryor, 

Department Clearance Officer, Office of 

Quality, Privacy and Risk, Department of 

Veterans Affairs. 

[FR Doc. 2018–19038 Filed 8–31–18; 8:45 am] 

BILLING CODE 8320–01–P 


sradovich on DSK3GMQ082PROD with NOTICES