Federal Register / Vol. 90, No. 14 / Thursday, January 23, 2025 / Notices 8101 

Lisa M. Palluconi, 

Acting Director, Office of Foreign Assets 

Control. 

[FR Doc. 2025–01595 Filed 1–22–25; 8:45 am] 

BILLING CODE 4810–AL–C 

DEPARTMENT OF THE TREASURY 

Internal Revenue Service 

Proposed Collection; Comment 

Request for Information Collection 

Tools Relating to the Request for a 

Copy of Exempt or Political 

Organization IRS Form, Application, or 

Letter 

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 continuing 

information collections, as required by 

the Paperwork Reduction Act of 1995. 

The IRS is soliciting comments 

concerning information collection 

requirements related to the request for a 

copy of exempt or political organization 

IRS form, application, or letter. 

DATES: Written comments should be 

received on or before March 24, 2025 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 control number 1545– 

0495 or Request for a Copy of Exempt 

or Political Organization IRS Form, 

Application, or Letter, in the subject 

line of the message. 

FOR FURTHER INFORMATION CONTACT: 

Requests for additional information or 

copies of the form(s) should be directed 

to Kerry Dennis at (202) 317–5751, or at 

Internal Revenue Service, Room 6526, 

1111 Constitution Avenue NW, 

Washington DC 20224, or through the 

internet, at Kerry.L.Dennis@irs.gov. 

SUPPLEMENTARY INFORMATION: 

Title: Request for a Copy of Exempt or 

Political Organization IRS Form, 

Application, or Letter. 

OMB Number: 1545–0495. 

Form Number(s): 4506–A and 4506–B. 

Abstract: Internal Revenue Code 

section 6104 states that if an 

organization described in section 501(c) 

or (d) is exempt from taxation under 

section 501(a) for any taxable year, the 

application for exemption is open for 

public inspection. This includes all 

supporting statements, any letter or 

other documents issued by the IRS 

concerning the application, and certain 

annual returns of the organization. Form 

4506–A, Request for Public Inspection 

or Copy of Exempt or Political 

Organization IRS Form and Form 4506– 

B, Request for a Copy of Exempt 

Organization IRS Application or Letter, 

is used to request public inspection or 

a copy of these forms. 

Current Actions: There are no changes 

to the forms, however, the agency has 

updated the estimated number of 

respondents based on the most recent 

filing data. The agency estimates 8,000 

more respondents for a total of 27,000 

respondents, increasing overall burden 

by 6,790 (19,400 hours to 26,190 hours). 

However, the estimated time per 

response remains the same at 58 

minutes as there have been no changes 

to the forms. 

Type of Review: Extension of a 

currently approved collection. 

Affected Public: Individuals or 

households, and businesses or other forprofit organizations, not-for-profit, 

institutions, farms, and Federal, state, 

local or tribal governments. 

Estimated Number of Respondents: 

27,000. 

Estimated Time per Response: 58 

minutes. 

Estimated Total Annual Burden 

Hours: 26,190 hours. 

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. 

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: January 16, 2025. 

Kerry L. Dennis, 

Tax Analyst. 

[FR Doc. 2025–01572 Filed 1–22–25; 8:45 am] 

BILLING CODE 4830–01–P 

DEPARTMENT OF THE TREASURY 

Internal Revenue Service 

Agency Collection Activities; 

Requesting Comments on Regulation 

Project TD 8513 

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 Bad Debt 

Reserves of Banks. 

DATES: Written comments should be 

received on or before March 24, 2025 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 Control No. 1545–1290 in 

the subject line of the message. 

FOR FURTHER INFORMATION CONTACT: 

Requests for additional information or 

copies of this collection should be 

directed to Jason Schoonmaker, (801) 

620–2128, at Internal Revenue Service, 

Room 6526, 1111 Constitution Avenue 

NW, Washington, DC 20224, or through 

the internet at jason.m.schoonmaker@

irs.gov. 

SUPPLEMENTARY INFORMATION: The IRS is 

currently seeking comments concerning 

the following information collection 

tools, reporting, and record-keeping 

requirements: 

Title: Bad Debt Reserves of Banks. 

OMB Number: 1545–1290. 

Regulation Project Number: TD 8513. 

Abstract: Section 585(c) of the 

Internal Revenue Code requires large 

banks to change from reserve method of 


ddrumheller on DSK120RN23PROD with NOTICES1
8102 Federal Register / Vol. 90, No. 14 / Thursday, January 23, 2025 / Notices 

accounting to the specific charge off 

method of accounting for bad debts. 

Section 1.585–8 of the regulation 

contains reporting requirements in cases 

in which large banks elect (1) to include 

in income an amount greater than that 

prescribed by the Code; (2) to use the 

elective cut-off method of accounting: or 

(3) to revoke any elections previously 

made. 

Current Actions: There is no change to 

this existing regulation. 

Type of Review: Extension of a 

currently approved collection. 

Affected Public: Business or other forprofit organizations. 

Estimated Number of Respondents: 

2,500. 

Estimated Time per Respondent: 15 

min. 

Estimated Total Annual Burden 

Hours: 625. 

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: January 16, 2025. 

Jason M. Schoonmaker, 

Tax Analyst. 

[FR Doc. 2025–01569 Filed 1–22–25; 8:45 am] 

BILLING CODE 4830–01–P 

DEPARTMENT OF THE TREASURY 

Internal Revenue Service 

Agency Collection Activities; 

Requesting Comments on Burden 

Related to Interest Rates and 

Appropriate Foreign Loss Payment 

Patterns of Certain Controlled 

Corporations 

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 the burden 

related to the interest rates and 

appropriate foreign loss payment 

patterns for determining the qualified 

insurance income of certain controlled 

corporations under section 954(i). 

DATES: Written comments should be 

received on or before March 24, 2025 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 Control No. 1545–1799 in 

the subject line of the message. 

FOR FURTHER INFORMATION CONTACT: 

Requests for additional information or 

copies of this collection should be 

directed to Jason Schoonmaker, (801) 

620–2128, at Internal Revenue Service, 

Room 6526, 1111 Constitution Avenue 

NW, Washington, DC 20224, or through 

the internet at jason.m.schoonmaker@

irs.gov. 

SUPPLEMENTARY INFORMATION: The IRS is 

currently seeking comments concerning 

the following information collection 

tools, reporting, and record-keeping 

requirements: 

Title: Interest Rates and Appropriate 

Foreign Loss Payment Patterns for 

Determining the Qualified Insurance 

Income of Certain Controlled 

Corporations under Section 954(i). 

OMB Number: 1545–1799. 

Regulation/Project Number: Notice 

2002–69. 

Abstract: Notice 2002–69 (2002–43 

I.R.B. 730) published October 28, 2002, 

provides interim guidance for 

determining the interest rates and 

appropriate foreign loss payment 

patterns to be used by controlled foreign 

corporations in calculating their 

qualified insurance income under 

section 954(i) of the Internal Revenue 

Code. Taxpayers may rely on the 

guidance in this notice until regulations 

or other guidance are published. 

Current Actions: There is no change to 

the burden previously approved. 

Type of Review: Extension of a 

currently approved collection. 

Affected Public: Individuals or 

households, business, or other for-profit 

organizations. 

Estimated Number of Responses: 300. 

Estimated Time per Respondent: 1 

hour. 

Estimated Total Annual Burden 

Hours: 300. 

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: January 16, 2025. 

Jason M. Schoonmaker, 

Tax Analyst. 

[FR Doc. 2025–01570 Filed 1–22–25; 8:45 am] 

BILLING CODE 4830–01–P 


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