Notice2024-07452
Proposed Collection; Comment Request for Special Rules and Certificate of Partner-Level Items To Reduce Withholding
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
April 9, 2024
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 special rules and certificate of partner-level items to reduce withholding.
Full Text
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<title>Federal Register, Volume 89 Issue 69 (Tuesday, April 9, 2024)</title>
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[Federal Register Volume 89, Number 69 (Tuesday, April 9, 2024)]
[Notices]
[Pages 24892-24893]
From the Federal Register Online via the Government Publishing Office [<a href="http://www.gpo.gov">www.gpo.gov</a>]
[FR Doc No: 2024-07452]
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DEPARTMENT OF THE TREASURY
Internal Revenue Service
Proposed Collection; Comment Request for Special Rules and
Certificate of Partner-Level Items To Reduce Withholding
AGENCY: Internal Revenue Service (IRS), Treasury.
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
special rules and certificate of partner-level items to reduce
withholding.
DATES: Written comments should be received on or before June 10, 2024
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#116163703f727e7c7c747f6562517863623f767e67"><span class="__cf_email__" data-cfemail="5d2d2f3c733e3230303833292e1d342f2e733a322b">[email protected]</span></a>. Include OMB control number
1545-1934 or Special Rules and Certificate of Partner-Level Items to
Reduce Section 1446 Withholding.
FOR FURTHER INFORMATION CONTACT: Requests for additional information or
copies of the regulation or 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#b7fcd2c5c5ce99fb99f3d2d9d9dec4f7dec5c499d0d8c1"><span class="__cf_email__" data-cfemail="83c8e6f1f1faadcfadc7e6ededeaf0c3eaf1f0ade4ecf5">[email protected]</span></a>.
SUPPLEMENTARY INFORMATION:
Title: Special Rules and Certificate of Partner-Level Items to
Reduce Section 1446 Withholding.
OMB Number: 1545-1934.
Regulation and Form Number: T.D. 9394 and Form 8404-C.
Abstract: T.D. 9394 contains final regulations regarding when a
partnership may consider certain deductions and losses of a foreign
partner to reduce or eliminate the partnership's obligation to pay
withholding tax under section 1446 on effectively connected taxable
income allocable under section 704 to such partner. Form 8804-C is used
by a foreign partner that voluntary submit to the partnership if it
chooses to provide a certification that could reduce or eliminate the
partnership's withholding tax obligation under section 1446 (1446 tax)
on the partner's allocable share of effectively connected income (ECTI)
from the partnership.
Current Actions: There is no change to the paperwork burden
previously approved by OMB.
Type of Review: Extension of a currently approved collection.
Affected Public: Businesses and other for-profit organizations,
Individuals or Households, and Not-for-Profit Organizations.
Form 8804-C
Estimated Number of Respondents: 1,000.
Estimated Time per Response: 18.7 hours.
Estimated Total Annual Burden Hours: 18,700 hours.
TD 9394
Estimated Number of Respondents: 1.
Estimated Time per Response: 1 hours.
Estimated Total Annual Burden Hours: 1 hour.
Total Number of Respondents: 1,001.
Total Estimated Annual Burden Hours: 18,701.
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
[[Page 24893]]
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 3, 2024.
Kerry L. Dennis,
Tax Analyst.
[FR Doc. 2024-07452 Filed 4-8-24; 8:45 am]
BILLING CODE 4830-01-P
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