47604 Federal Register / Vol. 82, No. 196 / Thursday, October 12, 2017 / Notices 

DEPARTMENT OF THE TREASURY 

Office of Foreign Assets Control 

Sanctions Actions Pursuant to 

Executive Order 13581 

AGENCY: Office of Foreign Assets 

Control, Treasury. 

ACTION: Notice. 

SUMMARY: The U.S. Department of the 

Treasury’s Office of Foreign Assets 

Control (OFAC) is publishing the name 

of a person whose property and interests 

in property have been unblocked 

pursuant to Executive Order 13581 of 

July 24, 2011, ‘‘Blocking Property of 

Transnational Criminal Organizations.’’ 

DATES: OFAC’s actions described in this 

notice were effective on May 16, 2017. 

FOR FURTHER INFORMATION CONTACT: The 

Department of the Treasury’s Office of 

Foreign Assets Control: Assistant 

Director for Licensing, tel.: 202–622– 

2480, Assistant Director for Regulatory 

Affairs, tel.: 202–622–4855, Assistant 

Director for Sanctions Compliance & 

Evaluation, tel.: 202–622–2490; or the 

Department of the Treasury’s Office of 

the Chief Counsel (Foreign Assets 

Control), Office of the General Counsel, 

tel.: 202–622–2410. 

SUPPLEMENTARY INFORMATION: 

Electronic Availability 

The list of Specially Designated 

Nationals and Blocked Persons (SDN 

List) and additional information 

concerning OFAC sanctions programs 

are available from OFAC’s Web site at 

http://www.treasury.gov/ofac. 

Notice of OFAC Actions 

On May 16, 2017, OFAC removed 

from the SDN List the person listed 

below, whose property and interests in 

property were blocked pursuant to 

Executive Order 13581. 

Individual 

1. FERRARI, Raffaella, Parkshot 

House, 5 Kew Road, Richmond, Surrey 

TW9 2PR, United Kingdom; Kingston 

upon Thames, United Kingdom; 69 

Buchanan Street, Glasgow, Scotland G1 

3HL, United Kingdom; DOB 01 Nov 

1972 to 30 Nov 1972; nationality Italy 

(individual) [TCO] (Linked To: PACNET 

SERVICES LTD.; Linked To: CHEXX 

ITALIA SRL; Linked To: THE 

PAYMENTS FACTORY LTD.; Linked 

To: COUNTING HOUSE SERVICES 

LTD.; Linked To: PACNET GROUP). 

Dated: May 16, 2017. 

Andrea Gacki, 

Acting Director, Office of Foreign Assets 

Control. 

Editorial note: This document was received 

for publication by the Office of the Federal 

Register on October 6, 2017. 

[FR Doc. 2017–22095 Filed 10–11–17; 8:45 am] 

BILLING CODE 4810–AL–P 

DEPARTMENT OF THE TREASURY 

Internal Revenue Service 

Proposed Collection; Revised: 

Comment Request for Regulation 

Project 

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 

amortizable bond premium. 

DATES: Written comments should be 

received on or before December 11, 2017 

to be assured of consideration. 

ADDRESSES: Direct all written comments 

to L. Brimmer, Internal Revenue 

Service, Room 6526, 1111 Constitution 

Avenue NW., Washington, DC 20224. 

Requests for additional information or 

copies of the regulations should be 

directed to Martha R. Brinson, 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: Amortizable Bond Premium. 

OMB Number: 1545–1491. 

Regulation Project Number: T.D. 8746. 

Abstract: This regulation addresses 

the tax treatment of bond premium. The 

regulation provides that a holder may 

make an election to amortize bond 

premium on a taxable bond by offsetting 

interest income with bond premium, 

and the holder must attach a statement 

to their tax return providing certain 

information. The information requested 

is necessary for the IRS to determine 

whether a holder has elected to amortize 

bond premium. 

Current Actions: Under § 1.171– 

4(a)(1), a holder makes the election to 

amortize bond premium in the holder’s 

timely filed income tax return for the 

first taxable year to which the holder 

desires the election to apply. This 

section also provides that the holder 

should attach to the return a statement 

that the holder is making the election 

under this section. We estimate 5,000 

taxpayers will be affected by this 

requirement and that it will take 

approximately 0.5 hours to prepare this 

statement. The burden for the 

requirement is approximately 2,500 

hours. 

Type of Review: Revision of a 

currently approved collection. 

Affected Public: Businesses or other 

for-profit organizations and individuals. 

Estimated Number of Respondents: 

5,000. 

Estimated Time per Respondent: 0.5 

hours 

Estimated Total Annual Burden 

Hours: 2,500. 

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: October 3, 2017. 

L. Brimmer, 

Senior Tax Analyst. 

[FR Doc. 2017–22079 Filed 10–11–17; 8:45 am] 

BILLING CODE 4830–01–P 


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