Notice2025-03477
Agency Collection Activities; Comment Request for Guidance Necessary To Facilitate Business Election Filing
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
March 4, 2025
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 the continuing information collections, as required by the Paperwork Reduction Act of 1995. The IRS is soliciting comments concerning guidance necessary to facilitate business electronic filing under section 1561, guidance necessary to facilitate business electronic filing and reduction, guidance necessary to facilitate business election filing; finalization of controlled group qualification rules, and limitations on the importation of net built-in Losses.
Full Text
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<title>Federal Register, Volume 90 Issue 41 (Tuesday, March 4, 2025)</title>
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[Federal Register Volume 90, Number 41 (Tuesday, March 4, 2025)]
[Notices]
[Page 11208]
From the Federal Register Online via the Government Publishing Office [<a href="http://www.gpo.gov">www.gpo.gov</a>]
[FR Doc No: 2025-03477]
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DEPARTMENT OF THE TREASURY
Internal Revenue Service
Agency Collection Activities; Comment Request for Guidance
Necessary To Facilitate Business Election Filing
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 the
continuing information collections, as required by the Paperwork
Reduction Act of 1995. The IRS is soliciting comments concerning
guidance necessary to facilitate business electronic filing under
section 1561, guidance necessary to facilitate business electronic
filing and reduction, guidance necessary to facilitate business
election filing; finalization of controlled group qualification rules,
and limitations on the importation of net built-in Losses.
DATES: Written comments should be received on or before May 5, 2025 to
be assured of consideration.
ADDRESSES: Direct all written comments to Andr[eacute]s Garcia,
Internal Revenue Service, Room 6526, 1111 Constitution Avenue NW,
Washington, DC 20224, or by email to <a href="/cdn-cgi/l/email-protection#572725367934383a3a32392324173e252479303821"><span class="__cf_email__" data-cfemail="700002115e131f1d1d151e0403301902035e171f06">[email protected]</span></a>. Please
include, ``OMB Number: 1545-2019, TD 9451--Guidance Necessary To
Facilitate Business Election Filing; Finalization of Controlled Group
Qualification Rules, TD 9759--Limitations on the Importation of Net
Built-In Losses, Public Comment Request Notice'' in the Subject line.
FOR FURTHER INFORMATION CONTACT: Requests for additional information or
copies of the regulation should be directed to LaNita Van Dyke, (202)
317-6009, Internal Revenue Service, Room 6526, 1111 Constitution Avenue
NW, Washington, DC 20224, or through the internet at
<a href="/cdn-cgi/l/email-protection#28644946415c49067e49466c51434d68415a5b064f475e"><span class="__cf_email__" data-cfemail="024e636c6b76632c54636c467b6967426b70712c656d74">[email protected]</span></a>.
SUPPLEMENTARY INFORMATION:
Title: T.D. 9304--Guidance Necessary to Facilitate Business
Electronic Filing Under Section 1561, T. D. 9329--Guidance Necessary to
Facilitate Business Electronic Filing and Burden Reduction, T.D. 9451--
Guidance Necessary to Facilitate Business Election Filing; Finalization
of Controlled Group Qualification Rules and T.D. 9759--Limitations on
the Importation of Net Built-In Losses.
OMB Number: 1545-2019.
Regulation Project Numbers: TD 9304 (REG-161919-05), TD 9329
(REG134317-05), TD 9451 (REG-161919-05) and TD 9759 (REG-161948-05).
Abstract: TD 9304, regulations provide guidance to taxpayers
regarding how to allocate the amounts of tax benefit items under
section 1561(a) amongst the component members of a controlled group of
corporations which have an apportionment plan in effect. TD 9329,
contains final regulations that simplify, clarify, or eliminate
reporting burdens and also eliminate regulatory impediments to the
electronic filing of certain statements that taxpayers are required to
include on or with their Federal income tax returns. TD 9451, provides
guidance to taxpayers for determining which corporations are included
in a controlled group of corporations. TD 9759, provide guidance for
preventing the importation of loss when a corporation that is subject
to U.S. income tax acquires loss property tax-free in certain
transactions and the loss in the acquired property accrued outside the
U.S. tax system by requiring the bases of the assets received to be
equal to value.
Current Actions: There are no changes to these existing
regulations.
Type of Review: Extension of a currently approved collection.
Affected Public: Business or other for-profit organizations.
Estimated Number of Respondents: 225,000.
Estimated Time per Respondent: 1 hr., 40 minutes.
Estimated Total Annual Burden Hours: 375,000.
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: February 25, 2025.
Molly J. Stasko,
Senior Tax Analyst.
[FR Doc. 2025-03477 Filed 3-3-25; 8:45 am]
BILLING CODE 4830-01-P
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