Proposed Collection; Comment Request for Limitations on Credit or Refund
| Published date | 25 January 2021 |
| Citation | 86 FR 6969 |
| Record Number | 2021-01465 |
| Section | Notices |
| Court | Internal Revenue Service |
6969
Federal Register / Vol. 86, No. 14 / Monday, January 25, 2021 / Notices
as a de facto method of revoking an
exemption?
•On average, how many employees
are involved and how many approvals
are necessary to complete an initial or
amended filing?
•Does your bank have a review and
approval process involving senior
management to evaluate the conclusions
reached in the determination for
eligibility of an exempt person?
•Does your bank have a review and
approval process involving senior
management for amending or revoking
the eligibility of an exempt person? On
average, how long does the review
process take and how many approvals
are necessary?
(3) Annual Review
•On average, how often does your
bank review the eligibility of an exempt
person?
•On average, how many accounts
where the accountholder is an exempt
person does your bank review at least
annually?
•Does your bank maintain a
monitoring system to comply with the
DOEP reporting requirements?
•Does your bank review the
monitoring system at least once a year?
•On average, how long does it take
to review the monitoring system and
how many approvals are necessary?
•Does your bank maintain records of
the annual review?
•On average, how long does it take
to prepare and maintain records of the
review?
•Does your bank have a review and
approval process involving senior
management to evaluate the conclusions
reached in the annual review of
eligibility?
•On average, how long does the
annual review process take and how
many approvals are necessary?
(4) Monitoring System
•Does your bank maintain a separate
monitoring system to track designation
of exempt persons for reasons other than
to comply with the reporting
requirements under 31 CFR 1020.315?
•Does your bank maintain a separate
monitoring system to identify
suspicious activity associated with the
accounts of designated exempt persons?
•Does your bank have a review and
approval process involving senior
management to evaluate the conclusions
reached in the determination of whether
a SAR must be filed for an exempt
account? On average, how long does the
review process take and how many
approvals are necessary?
(e) General 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: (1) 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;
(2) the accuracy of the agency’s estimate
of the burden of the collection of
information; (3) ways to enhance the
quality, utility, and clarity of the
information to be collected; (4) 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 5) estimates of capital
or start-up costs and costs of operation,
maintenance, and purchase of services
to provide information.
Kenneth A. Blanco,
Director, Financial Crimes Enforcement
Network.
[FR Doc. 2021–01451 Filed 1–22–21; 8:45 am]
BILLING CODE 4810–02–P
DEPARTMENT OF THE TREASURY
Office of Foreign Assets Control
Notice of OFAC Sanctions Action
AGENCY
: Office of Foreign Assets
Control, Treasury.
ACTION
: Notice.
SUMMARY
: The Department of the
Treasury’s Office of Foreign Assets
Control (OFAC) is publishing the names
of one or more persons that have been
placed on OFAC’s Specially Designated
Nationals and Blocked Persons List
based on OFAC’s determination that one
or more applicable legal criteria were
satisfied. All property and interests in
property subject to U.S. jurisdiction of
these persons are blocked, and U.S.
persons are generally prohibited from
engaging in transactions with them.
DATES
: See
SUPPLEMENTARY INFORMATION
section for effective date(s).
FOR FURTHER INFORMATION CONTACT
:
OFAC: Associate Director for Global
Targeting, tel.: 202–622–2420; Assistant
Director for Sanctions Compliance &
Evaluation, tel.: 202–622–2490;
Assistant Director for Licensing, tel.:
202–622–2480; or Assistant Director for
Regulatory Affairs, tel.: 202–622–4855.
SUPPLEMENTARY INFORMATION
:
Electronic Availability
The Specially Designated Nationals
and Blocked Persons List and additional
information concerning OFAC sanctions
programs are available on OFAC’s
website (https://www.treasury.gov/ofac).
Notice of OFAC Action(s)
On January 15, 2021, OFAC
determined that the property and
interests in property subject to U.S.
jurisdiction of the following persons are
blocked under the relevant sanctions
authority listed below.
Individual
1. ALVAREZ CASAS, Lazaro Alberto,
Cuba; DOB 1963; Gender Male (individual)
[GLOMAG].
Designated pursuant to section
1(a)(ii)(C)(1) of Executive Order 13818 of
December 20, 2017, ‘‘Blocking the Property of
Persons Involved in Serious Human Rights
Abuse or Corruption,’’ 82 FR 60839, 3 CFR,
2018 Comp., p. 399, (E.O. 13818) for being a
foreign person who is or has been a leader
or official of an entity, including any
government entity, that has engaged in, or
whose members have engaged in, serious
human rights abuse relating to the leader’s or
official’s tenure.
Entity
1. MINISTRY OF INTERIOR (a.k.a.
MINISTERIO DEL INTERIOR; a.k.a.
‘‘MININT’’), Aranguren and Carlos Manuel
de Cespedes, Havana, Cuba; Organization
Established Date Jun 1961 [GLOMAG].
Designated pursuant to section 1(a)(ii)(A)
of E.O. 13818 for being a foreign person who
is responsible for or complicit in, or has
directly or indirectly engaged in, serious
human rights abuse.
Dated: January 15, 2021.
Andrea M. Gacki,
Director, Office of Foreign Assets Control,
U.S. Department of the Treasury.
[FR Doc. 2021–01521 Filed 1–22–21; 8:45 am]
BILLING CODE 4810–AL–P
DEPARTMENT OF THE TREASURY
Internal Revenue Service
Proposed Collection; Comment
Request for Limitations on Credit or
Refund
AGENCY
: Internal Revenue Service (IRS),
Treasury.
ACTION
: Notice and request for
comments.
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.
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6970
Federal Register / Vol. 86, No. 14 / Monday, January 25, 2021 / Notices
The IRS is soliciting comments
concerning limitations on credit or
refund.
DATES
: Written comments should be
received on or before March 26, 2021 to
be assured of consideration.
ADDRESSES
: Direct all written comments
to Kinna Brewington, Internal Revenue
Service, Room 6526, 1111 Constitution
Avenue NW, Washington, DC 20224.
FOR FURTHER INFORMATION CONTACT
:
Requests for additional information or
copies of the form should be directed to
Kerry Dennis, at (202) 317–5751 or
Internal Revenue Service, Room 6526,
1111 Constitution Avenue NW,
Washington, DC 20224, or through the
internet, at Kerry.Dennis@irs.gov.
SUPPLEMENTARY INFORMATION
:
Title: Limitations on Credit or Refund.
OMB Number: 1545–1649.
Revenue Procedure: Revenue
Procedure 99–21.
Abstract: Generally, under section
6511(a), a taxpayer must file a claim for
credit or refund of tax within three years
after the date of filing a tax return or
within two years after the date of
payment of the tax, whichever period
expires later. Under section 6511(h), the
statute of limitations on claims for
credit or refund is suspended for any
period of an individual taxpayer’s life
during which the taxpayer is unable to
manage his or her financial affairs
because of a medically determinable
mental or physical impairment, if the
impairment can be expected to result in
death, or has lasted (or can be expected
to last) for a continuous period of not
less than 12 months.
Current Actions: There is no change
in the paperwork burden previously
approved by OMB. The revenue
procedure is being submitted for
renewal purposes only.
Type of Review: Extension of a
currently approved collection.
Affected Public: Individuals or
households.
Estimated Number of Respondents:
48,200.
Estimated Time per Response: 30
minutes.
Estimated Total Annual Burden
Hours: 24,100.
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: January 15, 2021.
Chakinna B. Clemons,
Supervisory Tax Analyst.
[FR Doc. 2021–01465 Filed 1–22–21; 8:45 am]
BILLING CODE 4830–01–P
DEPARTMENT OF THE TREASURY
Internal Revenue Service
Proposed Collection; Comment
Request for Treaty-Based Return
Position Disclosure
AGENCY
: Internal Revenue Service (IRS),
Treasury.
ACTION
: Notice and request for
comments.
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 treaty-based return position
disclosure.
DATES
: Written comments should be
received on or before March 26, 2021 to
be assured of consideration.
ADDRESSES
: Direct all written comments
to Kinna Brewington, Internal Revenue
Service, Room 6526, 1111 Constitution
Avenue NW, Washington, DC 20224.
FOR FURTHER INFORMATION CONTACT
:
Requests for additional information or
copies of the form should be directed to
Kerry Dennis, at (202) 317–5751 or
Internal Revenue Service, Room 6526,
1111 Constitution Avenue NW,
Washington, DC 20224, or through the
internet, at Kerry.Dennis@irs.gov.
SUPPLEMENTARY INFORMATION
:
Title: Treaty-Based Return Position
Disclosure.
OMB Number: 1545–1354.
Form Number: Form 8833.
Abstract: Form 8833 is used by
taxpayers that are required by section
6114 to disclose a treaty-based return
position to disclose that position. The
form may also be used to make the
treaty-based position disclosure
required by regulations section
301.7701(b)–7(b) for ‘‘dual resident’’
taxpayers.
Current Actions: There is no change
in the paperwork burden previously
approved by OMB. The form is being
submitted for renewal purposes only.
Type of Review: Extension of a
currently approved collection.
Affected Public: Businesses or other
for-profits.
Estimated Number of Respondents:
4,100.
Estimated Time per Response: 6
hours, 16 minutes.
Estimated Total Annual Burden
Hours: 25,740 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
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