Notice2023-17029
Proposed Collection; Comment Request Relating to Information Return for Publicly Offered Original Issue Discount Instruments
Primary source
Metadata and text below are from the Federal Register, a public-domain U.S. government work. Always verify the official published version before relying on it for any legal matter.
Published
August 9, 2023
Issuing agencies
Treasury DepartmentInternal Revenue Service
Abstract
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 return for publicly offered original issue discount instruments.
Full Text
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<title>Federal Register, Volume 88 Issue 152 (Wednesday, August 9, 2023)</title>
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[Federal Register Volume 88, Number 152 (Wednesday, August 9, 2023)]
[Notices]
[Pages 53956-53957]
From the Federal Register Online via the Government Publishing Office [<a href="http://www.gpo.gov">www.gpo.gov</a>]
[FR Doc No: 2023-17029]
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DEPARTMENT OF THE TREASURY
Internal Revenue Service
Proposed Collection; Comment Request Relating to Information
Return for Publicly Offered Original Issue Discount Instruments
AGENCY: Internal Revenue Service (IRS), Treasury.
[[Page 53957]]
ACTION: Notice and request for comments.
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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 return for publicly offered original issue discount
instruments.
DATES: Written comments should be received on or before October 10,
2023 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 <a href="/cdn-cgi/l/email-protection#bccccedd92dfd3d1d1d9d2c8cffcd5cecf92dbd3ca"><span class="__cf_email__" data-cfemail="b6c6c4d798d5d9dbdbd3d8c2c5f6dfc4c598d1d9c0">[email protected]</span></a>. Include OMB control number
1545-0887 or Information Return for Publicly Offered Original Issue
Discount Instruments.
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
<a href="/cdn-cgi/l/email-protection#307b554242491e7c1e74555e5e5943705942431e575f46"><span class="__cf_email__" data-cfemail="1a517f6868633456345e7f747473695a736869347d756c">[email protected]</span></a>.
SUPPLEMENTARY INFORMATION:
Title: Information Return for Publicly Offered Original Issue
Discount Instruments.
OMB Number: 1545-0887.
Form Number: 8281.
Abstract: Internal Code section 1275(c)(2) requires the furnishing
of certain information to the IRS by issuers of publicly offered debt
instruments having original issue discount. Regulations section 1.1275-
3 prescribes that Form 8281 shall be used for this purpose. The
information on Form 8281 is used to update Publication 1212, List of
Original Issue Discount Instruments.
Current Actions: There are no changes to burden.
Type of Review: Extension of a currently approved collection.
Affected Public: Business or other for-profit organizations.
Estimated Number of Respondents: 2,500.
Estimated Time per Response: 6 hours, 7 minutes.
Estimated Total Annual Burden Hours: 15,300 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: August 3, 2023.
Kerry L. Dennis,
Tax Analyst.
[FR Doc. 2023-17029 Filed 8-8-23; 8:45 am]
BILLING CODE 4830-01-P
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