Federal Register / Vol. 80, No. 26 / Monday, February 9, 2015 / Notices 7079 

or start-up costs and costs of operation, 

maintenance, and purchase of services 

to provide information. 

Approved: February 2, 2015. 

Christie Preston, 

IRS Reports Clearance Officer. 

[FR Doc. 2015–02524 Filed 2–6–15; 8:45 am] 

BILLING CODE 4830–01–P 

DEPARTMENT OF THE TREASURY 

Internal Revenue Service 

Proposed Collection; Comment 

Request for Form 8621–A 

AGENCY: Internal Revenue Service (IRS), 

Treasury. 

ACTION: Notice and request for 

comments. 

SUMMARY: The Department of the 

Treasury, 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, 

Public Law 104–13 (44 U.S.C. 

3506(c)(2)(A)). Currently, the IRS is 

soliciting comments concerning Form 

8621–A, Return by a Shareholder 

Making Certain Late Elections To End 

Treatment as a Passive Foreign 

Investment Company. 

DATES: Written comments should be 

received on or before April 10, 2015 to 

be assured of consideration. 

ADDRESSES: Direct all written comments 

to Christie Preston, Internal Revenue 

Service, Room 6129, 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 Allan Hopkins, at 

Internal Revenue Service, Room 6129, 

1111 Constitution Avenue NW., 

Washington, DC 20224, or through the 

Internet at Allan.M.Hopkins@irs.gov. 

SUPPLEMENTARY INFORMATION: 

Title: Return by a Shareholder Making 

Certain Late Elections To End Treatment 

as a Passive Foreign Investment 

Company. 

OMB Number: 1545–1950. 

Form Number: 8621–A. 

Abstract: Form 8621–A is necessary 

for certain taxpayers/shareholders who 

are investors in passive foreign 

investment companies (PFIC’s) to 

request late deemed sale or late deemed 

dividend elections (late purging 

elections) under Reg. 1.1298–3(e). The 

form provides a taxpayer/shareholder 

the opportunity to fulfill the 

requirements of the regulation in 

making the election by asserting the 

following: (i) The election is being made 

before an IRS agent has raised on audit 

the PFIC status of the foreign 

corporation for any taxable year of the 

taxpayer/shareholder; (ii) the taxpayer/

shareholder is agreeing (by submitting 

Form 8621–A) to eliminate any 

prejudice to the interests of the U.S. 

government on account of the taxpayer/ 

shareholder’s inability to make timely 

purging elections; and (iii) the taxpayer/ 

shareholder shows as a balance due on 

Form 8621–A an amount reflecting tax 

plus interest as determined under Reg. 

1.1298(e)(3). 

Current Actions: There is no change to 

the form previously approved by OMB. 

This form is being submitted for 

renewal purposes. 

Type of Review: Extension of a 

currently approved collection. 

Affected Public: Individuals and 

Households, Businesses and other forprofit organizations. 

Estimated Number of Respondents: 

12. 

Estimated Time per Respondent: 65 

hours, 24 minutes. 

Estimated Total Annual Burden 

Hours: 785. 

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: February 2, 2015. 

Christie Preston, 

IRS Reports Clearance Officer. 

[FR Doc. 2015–02521 Filed 2–6–15; 8:45 am] 

BILLING CODE 4830–01–P 

DEPARTMENT OF THE TREASURY 

Internal Revenue Service 

Open Meeting of the Taxpayer 

Advocacy Panel Joint Committee 

AGENCY: Internal Revenue Service (IRS), 

Treasury. 

ACTION: Notice of meeting. 

SUMMARY: An open meeting of the 

Taxpayer Advocacy Panel Joint 

Committee will be conducted. The 

Taxpayer Advocacy Panel is soliciting 

public comments, ideas, and 

suggestions on improving customer 

service at the Internal Revenue Service. 

DATES: The meeting will be held 

Wednesday, February 25, 2015. 

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 Wednesday, February 25, 2015, 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 Ms. 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 Web site: 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: February 3, 2015. 

Otis Simpson, 

Acting Director, Taxpayer Advocacy Panel. 

[FR Doc. 2015–02487 Filed 2–6–15; 8:45 am] 

BILLING CODE 4830–01–P 

DEPARTMENT OF VETERANS 

AFFAIRS 

National Research Advisory Council; 

Notice of Meeting 

The Department of Veterans Affairs 

(VA) gives notice under the Federal 

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