Federal Register / Vol. 87, No. 70 / Tuesday, April 12, 2022 / Notices 21699 

public record. Comments are invited on: 

1. 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; 2. the accuracy of the 

agency’s estimate of the burden of the 

collection of information; 3. ways to 

enhance the quality, utility, and clarity 

of the information to be collected; 4. 

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 5. estimates of capital or start-up 

costs and costs of operation, 

maintenance, and purchase of services 

to provide information. 

Dated: April 7, 2022. 

Bruce A. Sharp, 

Bureau PRA Clearance Officer. 

[FR Doc. 2022–07792 Filed 4–11–22; 8:45 am] 

BILLING CODE 4810–AS–P 

DEPARTMENT OF THE TREASURY 

Bureau of the Fiscal Service 

Proposed Collection of Information: 

Request by Owner or Person Entitled 

to Payment or Reissue of United States 

Savings Bonds/Notes Deposited in 

Safekeeping When Original Custody 

Receipts Are Not Available 

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. 

Currently the Bureau of the Fiscal 

Service within the Department of the 

Treasury is soliciting comments 

concerning the Request By Owner or 

Person Entitled to Payment or Reissue of 

United States Savings Bonds/Notes 

Deposited in Safekeeping When 

Original Custody Receipts Are Not 

Available. 

DATES: Written comments should be 

received on or before June 13, 2022 to 

be assured of consideration. 

ADDRESSES: Direct all written comments 

and requests for additional information 

to Bureau of the Fiscal Service, Bruce A. 

Sharp, Room #4006–A, P.O. Box 1328, 

Parkersburg, WV 26106–1328, or 

bruce.sharp@fiscal.treasury.gov. 

SUPPLEMENTARY INFORMATION: 

Title: Request By Owner or Person 

Entitled to Payment or Reissue of 

United States Savings Bonds/Notes 

Deposited in Safekeeping When 

Original Custody Receipts Are Not 

Available. 

OMB Number: 1530–0024. 

Form Number: FS Form 4239. 

Abstract: The information is 

necessary to request payment or reissue 

of Savings Bonds/Notes held in 

safekeeping when original safekeeping 

custody receipts are not available. 

Current Actions: Extension of a 

currently approved collection. 

Type of Review: Regular. 

Affected Public: Individuals or 

Households. 

Estimated Number of Respondents: 

1,400. 

Estimated Time per Respondent: 10 

minutes. 

Estimated Total Annual Burden 

Hours: 233. 

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: 

1. 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; 2. the accuracy of the 

agency’s estimate of the burden of the 

collection of information; 3. ways to 

enhance the quality, utility, and clarity 

of the information to be collected; 4. 

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 5. estimates of capital or start-up 

costs and costs of operation, 

maintenance, and purchase of services 

to provide information. 

Dated: April 7, 2022. 

Bruce A. Sharp, 

Bureau PRA Clearance Officer. 

[FR Doc. 2022–07790 Filed 4–11–22; 8:45 am] 

BILLING CODE 4810–AS–P 

DEPARTMENT OF THE TREASURY 

Internal Revenue Service 

Proposed Collection; Election To 

Postpone Determination as to Whether 

the Presumption Applies That an 

Activity Is Engaged in for Profit 

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 election to postpone 

determination as to whether the 

presumption applies that an activity is 

engaged in for profit. 

DATES: Written comments should be 

received on or before June 13, 2022 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 omb.unit@irs.gov. Include 

OMB control number 1545–0195 or 

Election to Postpone Determination as 

To Whether the Presumption Applies 

That an Activity Is Engaged in for Profit, 

in the subject line of the message. 

FOR FURTHER INFORMATION CONTACT: 

Requests for additional information or 

copies of the form 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: 

Election to Postpone Determination as 

To Whether the Presumption Applies 

That an Activity Is Engaged in for Profit. 

OMB Number: 1545–0195. 

Form Number: 5213. 

Abstract: Section 183 of the Internal 

Revenue Code allows taxpayers to elect 

to postpone a determination as to 

whether an activity is entered into for 

profit or is in the nature of a 

nondeductible hobby. The election is 

made on Form 5213 and allows 

taxpayers 5 years (7 years for breeding, 

training, showing, or racing horses) to 

show a profit from an activity. 

Current Actions: There is no change to 

the form or burden at this time. 

Type of Review: Extension of a 

currently approved collection. 

Affected Public: Business or other forprofit organizations. 

Estimated Number of Respondents: 

3,541. 

Estimated Time Per Respondent: 47 

minutes. 

Estimated Total Annual Burden 

Hours: 2,762 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 


khammond on DSKJM1Z7X2PROD with NOTICES
21700 Federal Register / Vol. 87, No. 70 / Tuesday, April 12, 2022 / Notices 

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: April 6, 2022. 

Kerry L. Dennis, 

Tax Analyst. 

[FR Doc. 2022–07773 Filed 4–11–22; 8:45 am] 

BILLING CODE 4830–01–P 

DEPARTMENT OF THE TREASURY 

Internal Revenue Service 

Proposed Collection; Comment 

Request for Regulation Project 

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 changes in corporate control 

and capital structure. 

DATES: Written comments should be 

received on or before June 13, 2022 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 omb.unit@irs.gov. Please 

include the ‘‘OMB Number 1545–1814’’ 

in the Subject Line. 

FOR FURTHER INFORMATION CONTACT: 

Requests for additional information or 

copies of the form should be directed to 

Sara Covington, at (202) 317–4542, or 

Internal Revenue Service, Room 6526, 

1111 Constitution Avenue NW, 

Washington DC 20224, or through the 

internet, at Sara.L.Covington@irs.gov. 

SUPPLEMENTARY INFORMATION: 

Title: Changes in Corporate Control 

and Capital Structure. 

OMB Number: 1545–1814. 

Form Number: 1099–CAP. 

Abstract: A corporation whose control 

was acquired or who underwent a 

substantial change in capital structure 

uses Form 1099–CAP if it determines 

the shareholders may have to recognize 

gain from the cash, stock, or other 

property they received in exchange for 

the corporation’s stock. 

Current Actions: There are no changes 

being made to the form at this time. 

However, the agency is updating the 

estimated number of responses based on 

the most recent filing data. 

Type of Review: Revision of a 

currently approved collection. 

Affected Public: Business or other forprofit organizations, and individuals. 

Estimated Number of Respondents: 

114. 

Estimated Time per Respondent: 11 

minutes. 

Estimated Total Annual Burden 

Hours: 21 hours. 

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: April 5, 2022. 

Sara Covington, 

IRS Tax Analyst. 

[FR Doc. 2022–07740 Filed 4–11–22; 8:45 am] 

BILLING CODE 4830–01–P 

DEPARTMENT OF THE TREASURY 

Internal Revenue Service 

Proposed Collection; Comment 

Request on Information Collection for 

Form 8886, Reportable Transaction 

Disclosure Statement; Form 14234, 

Compliance Assurance Process (CAP) 

Application and (Attachments: A, B, C, 

D) 

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 information 

collections, as required by the 

Paperwork Reduction Act of 1995. The 

IRS is soliciting comments concerning 

Form 8886, Reportable Transaction 

Disclosure Statement and Form 14234, 

Compliance Assurance Process (CAP) 

Application and Attachments (A, B, C, 

D). 

DATES: Written comments should be 

received on or before June 13, 2022 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 omb.unit@irs.gov. Please 

reference the information collection’s 

‘‘OMB number 1545–1800’’ in the 

Subject line. 

FOR FURTHER INFORMATION CONTACT: 

Requests for additional information or 

copies of the collection tools should be 

directed to Sara Covington, (202) 317– 

4542, at Internal Revenue Service, Room 

6526, 1111 Constitution Avenue NW, 

Washington, DC 20224, or through the 

internet at Sara.L.Covington@irs.gov. 


khammond on DSKJM1Z7X2PROD with NOTICES