Notice2025-05127
Agency Collection Activities; Requesting Comments Allocation of Expenses by Real Estate Mortgage Investment Conduits (REMIC)
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 26, 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 proposed and/or continuing information collections, as required by the Paperwork Reduction Act of 1995. The IRS is soliciting comments concerning final regulations in Treasury Decisions (TD) 8366 and 8431 relating to information disclosures for the allocation of expenses by real estate mortgage investment conduits (REMIC).
Full Text
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<title>Federal Register, Volume 90 Issue 57 (Wednesday, March 26, 2025)</title>
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[Federal Register Volume 90, Number 57 (Wednesday, March 26, 2025)]
[Notices]
[Page 13825]
From the Federal Register Online via the Government Publishing Office [<a href="http://www.gpo.gov">www.gpo.gov</a>]
[FR Doc No: 2025-05127]
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DEPARTMENT OF THE TREASURY
Internal Revenue Service
Agency Collection Activities; Requesting Comments Allocation of
Expenses by Real Estate Mortgage Investment Conduits (REMIC)
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
proposed and/or continuing information collections, as required by the
Paperwork Reduction Act of 1995. The IRS is soliciting comments
concerning final regulations in Treasury Decisions (TD) 8366 and 8431
relating to information disclosures for the allocation of expenses by
real estate mortgage investment conduits (REMIC).
DATES: Written comments should be received on or before May 27, 2025 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#4a3a382b64292527272f243e390a233839642d253c"><span class="__cf_email__" data-cfemail="324240531c515d5f5f575c4641725b40411c555d44">[email protected]</span></a>. Include OMB Control No.
1545-1018 in the subject line of the message.
FOR FURTHER INFORMATION CONTACT: Requests for additional information or
copies of this collection should be directed to Marcus McCrary, (470)
769-2001, 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#365b57445543451841185b55554457444f765f444518515940"><span class="__cf_email__" data-cfemail="d7bab6a5b4a2a4f9a0f9bab4b4a5b6a5ae97bea5a4f9b0b8a1">[email protected]</span></a>.
SUPPLEMENTARY INFORMATION: The IRS is currently seeking comments
concerning the following information collection tools, reporting, and
record-keeping requirements:
Title: Allocation of Expenses by Real Estate Mortgage Investment
Conduits.
OMB Control Number: 1545-1018.
Regulation Project Number: TD 8266 and 8431.
Abstract Internal Revenue Code (IRC) sections 67 and 6049 and their
regulations provide rules for certain deductions and income, as well as
information disclosure requirements regarding the income and
deductions. Treasury Regulations section 1.67-3(f)(4)(ii) requires
single-class REMICs to provide certain IRC section 67 information to a
person holding a regular interest in the single-class REMIC pursuant to
section 1.6049-7(e). Treasury Regulations section 1.6049-7(e) requires
the REMIC to provide certain information to brokers and middlemen who
request the information to complete information returns. Treasury
Regulations Section 1.6049-7(f)(7) requires brokers and middlemen to
furnish certain information to corporations, non-calendar year
taxpayers, and other specified persons who requests the information and
for whom the broker or middleman holds as a nominee a REMIC regular
interest or a collateralized debt obligation.
Current Actions: There is no change to the previously approve
collection.
Type of Review: Extension of a currently approved collection.
Affected Public: Business or other for-profit organizations.
Estimated Number of Responses: 9,725.
Estimated Time per Respondent: 6978 minutes.
Estimated Total Annual Burden Hours: 978.
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: March 19, 2025.
Marcus W. McCrary,
Tax Analyst.
[FR Doc. 2025-05127 Filed 3-25-25; 8:45 am]
BILLING CODE 4830-01-P
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