81150 Federal Register / Vol. 89, No. 194 / Monday, October 7, 2024 / Notices 

SUPPLEMENTARY INFORMATION: 

Title: Special Valuation Rules. 

OMB Number: 1545–1241. 

Regulation Project Number: 8395. 

Abstract: Section 2701 of the Internal 

Revenue Code allows various elections 

by family members who make gifts of 

common stock or partnership interests 

and retain senior interest. This 

regulation provides guidance on how 

taxpayers make these elections, what 

information is required, and how the 

transfer is to be disclosed on the gift tax 

return (Form 709). Current Actions: 

There are no changes being made to the 

regulation at this time. 

Type of Review: Extension of a 

currently approved collection. 

Affected Public: Individuals or 

households. 

Estimated Number of Respondents: 

1,200. 

Estimated Time per Respondent: 25 

mins. 

Estimated Total Annual Burden 

Hours: 496. 

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. Comments 

will be 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 has 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 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 1, 2024. 

Martha R. Brinson, 

Tax Analyst. 

[FR Doc. 2024–23107 Filed 10–4–24; 8:45 am] 

BILLING CODE 4830–01–P 

DEPARTMENT OF THE TREASURY 

Internal Revenue Service 

Proposed Collection; Comment 

Request for Form 461 

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, 

Limitation on Business Losses. 

DATES: Written comments should be 

received on or before December 6, 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. 

Include ‘‘OMB Number 1545–2283— 

Limitation on Business Losses’’ in the 

subject line of the message. 

FOR FURTHER INFORMATION CONTACT: 

Requests for additional information or 

copies of this collection 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: Limitation on Business Losses. 

OMB Number: 1545–2283. 

Form Number: 461. 

Abstract: Form 461 and its separate 

instructions calculates the limitation on 

business losses, and the excess business 

losses that will be treated as net 

operating loss (NOL) carried forward to 

subsequent taxable years. In the case of 

a partnership or S corporation, the 

provision applies at the partner or 

shareholder level. This form is used by 

noncorporate taxpayers and will be 

attached to a tax return (F1040, 1040NR, 

1041, 1041–QFT, 1041–N, or 990–T). 

Current Actions: There are no changes 

being made to the form at this time. 

Type of Review: Extension of a 

currently approved collection. 

Affected Public: Individuals or 

households, business or other for-profit 

organization, and not-for-profit 

institutions. 

Estimated Number of Responses: 

2,909,026. 

Estimated Time per Response: 22 

mins. 

Estimated Total Annual Burden 

Hours: 1,105,430. 

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. Comments 

will be 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 has 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 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 1, 2024. 

Martha R. Brinson, 

Tax Analyst. 

[FR Doc. 2024–23102 Filed 10–4–24; 8:45 am] 

BILLING CODE 4830–01–P 

DEPARTMENT OF THE TREASURY 

Interest Rate Paid on Cash Deposited 

To Secure U.S. Immigration and 

Customs Enforcement Immigration 

Bonds 

AGENCY: Departmental Offices, Treasury. 

ACTION: Notice. 

SUMMARY: For the period beginning 

October 1, 2024, and ending on 

December 31, 2024, the U.S. 

Immigration and Customs Enforcement 

Immigration Bond interest rate is 3 per 

centum per annum. 

DATES: Rates are applicable October 1, 

2024, to December 31, 2024. 

ADDRESSES: Comments or inquiries may 

be mailed to Will Walcutt, Supervisor, 

Funds Management Branch, Funds 

Management Division, Fiscal 

Accounting, Bureau of the Fiscal 


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Federal Register / Vol. 89, No. 194 / Monday, October 7, 2024 / Notices 81151 

Services, Parkersburg, West Virginia 

26106–1328. 

You can download this notice at the 

following internet addresses: https://

www.treasury.gov or https://

www.federalregister.gov. 

FOR FURTHER INFORMATION CONTACT: 

Ryan Hanna, Manager, Funds 

Management Branch, Funds 

Management Division, Fiscal 

Accounting, Bureau of the Fiscal 

Service, Parkersburg, West Virginia 

261006–1328, (304) 480–5120; Will 

Walcutt, Supervisor, Funds 

Management Branch, Funds 

Management Division, Fiscal 

Accounting, Bureau of the Fiscal 

Services, Parkersburg, West Virginia 

26106–1328, (304) 480–5117. 

SUPPLEMENTARY INFORMATION: Federal 

law requires that interest payments on 

cash deposited to secure immigration 

bonds shall be ‘‘at a rate determined by 

the Secretary of the Treasury, except 

that in no case shall the interest rate 

exceed 3 per centum per annum.’’ 8 

U.S.C. 1363(a). Related Federal 

regulations state that ‘‘Interest on cash 

deposited to secure immigration bonds 

will be at the rate as determined by the 

Secretary of the Treasury, but in no case 

will exceed 3 per centum per annum or 

be less than zero.’’ 8 CFR 293.2. 

Treasury has determined that interest on 

the bonds will vary quarterly and will 

accrue during each calendar quarter at 

a rate equal to the lesser of the average 

of the bond equivalent rates on 91-day 

Treasury bills auctioned during the 

preceding calendar quarter, or 3 per 

centum per annum, but in no case less 

than zero. [FR Doc. 2015–18545]. In 

addition to this notice, Treasury posts 

the current quarterly rate in Table 2b— 

Interest Rates for Specific Legislation on 

the Treasury Direct website. 

The Deputy Assistant Secretary for 

Public Finance, Gary Grippo, having 

reviewed and approved this document, 

is delegating the authority to 

electronically sign this document to 

Heidi Cohen, Federal Register Liaison 

for the Department, for purposes of 

publication in the Federal Register. 

Heidi Cohen, 

Federal Register Liaison. 

[FR Doc. 2024–23068 Filed 10–4–24; 8:45 am] 

BILLING CODE 4810–AS–P 

DEPARTMENT OF THE TREASURY 

Debt Management Advisory Committee 

Meeting 

Notice is hereby given, pursuant to 5 

U.S.C. app. 2, section 10(a)(2), that a 

meeting will be held at the United 

States Treasury Department, 15th Street 

and Pennsylvania Avenue NW, 

Washington, DC on October 29, 2024, at 

9:00 a.m., of the following debt 

management advisory committee: 

Treasury Borrowing Advisory 

Committee. 

At this meeting, the Treasury is 

seeking advice from the Committee on 

topics related to the economy, financial 

markets, Treasury financing, and debt 

management. Following the working 

session, the Committee will present a 

written report of its recommendations. 

The meeting will be closed to the 

public, pursuant to 5 U.S.C. app. 2, 

section 10(d) and Public Law 103–202, 

section 202(c)(1)(B) (31 U.S.C. 3121 

note). 

This notice shall constitute my 

determination, pursuant to the authority 

placed in heads of agencies by 5 U.S.C. 

app. 2, section 10(d) and vested in me 

by Treasury Department Order No. 101– 

05, that the meeting will consist of 

discussions and debates of the issues 

presented to the Committee by the 

Secretary of the Treasury and the 

making of recommendations of the 

Committee to the Secretary, pursuant to 

Public Law 103–202, section 

202(c)(1)(B). 

Thus, this information is exempt from 

disclosure under that provision and 5 

U.S.C. 552b(c)(3)(B). In addition, the 

meeting is concerned with information 

that is exempt from disclosure under 5 

U.S.C. 552b(c)(9)(A). The public interest 

requires that such meetings be closed to 

the public because the Treasury 

Department requires frank and full 

advice from representatives of the 

financial community prior to making its 

final decisions on major financing 

operations. Historically, this advice has 

been offered by debt management 

advisory committees established by the 

several major segments of the financial 

community. When so utilized, such a 

committee is recognized to be an 

advisory committee under 5 U.S.C. app. 

2, section 3. 

Although the Treasury’s final 

announcement of financing plans may 

not reflect the recommendations 

provided in reports of the Committee, 

premature disclosure of the Committee’s 

deliberations and reports would be 

likely to lead to significant financial 

speculation in the securities market. 

Thus, this meeting falls within the 

exemption covered by 5 U.S.C. 

552b(c)(9)(A). 

The Office of Debt Management is 

responsible for maintaining records of 

debt management advisory committee 

meetings and for providing annual 

reports setting forth a summary of 

Committee activities and such other 

matters as may be informative to the 

public consistent with the policy of 5 

U.S.C. 552(b). The Designated Federal 

Officer or other responsible agency 

official who may be contacted for 

additional information is Fred 

Pietrangeli, Director for Office of Debt 

Management (202) 622–1876. 

Dated: October 2, 2024. 

Frederick E. Pietrangeli, 

Director (for Office of Debt Management). 

[FR Doc. 2024–23087 Filed 10–4–24; 8:45 am] 

BILLING CODE 4810–25–P 

DEPARTMENT OF THE TREASURY 

Agency Information Collection 

Activities; New Proposed Information 

Collection Request; Request for 

Comments; Digital Asset Proceeds 

From Broker Transactions 

AGENCY: Departmental Offices, U.S. 

Department of the Treasury. 

ACTION: Notice. 

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 information collection 

requirements related to digital asset 

proceeds from broker transactions. 

DATES: Comments should be received on 

or before November 6, 2024 to be 

assured of consideration. 

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 Melody Braswell by 

emailing PRA@treasury.gov, calling 

(202) 622–1035, or viewing the entire 

information collection request at 

www.reginfo.gov. 

SUPPLEMENTARY INFORMATION: 

Internal Revenue Service (IRS) 

Title: Digital Asset Proceeds from 

Broker Transactions. 

OMB Number Control No.: 1545– 

NEW. 

Form Numbers: 1099–DA. 


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