46018 Federal Register / Vol. 83, No. 176 / Tuesday, September 11, 2018 / Notices 

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: September 4, 2018. 

R. Joseph Durbala, 

IRS, Tax Analyst. 

[FR Doc. 2018–19619 Filed 9–10–18; 8:45 am] 

BILLING CODE 4830–01–P 

DEPARTMENT OF THE TREASURY 

Internal Revenue Service 

Proposed Allowance 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 13, 

2018 to be assured of consideration. 

ADDRESSES: Direct all written comments 

to Carolyn Brown, Internal Revenue 

Service, Room 6236, 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: September 4, 2018. 

R. Joseph Durbala, 

IRS, Tax Analyst. 

[FR Doc. 2018–19621 Filed 9–10–18; 8:45 am] 

BILLING CODE 4830–01–P 


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