Proposed Information Collection; Comment Request, 44971-44972 [2014-18199]

Download as PDF tkelley on DSK3SPTVN1PROD with NOTICES Federal Register / Vol. 79, No. 148 / Friday, August 1, 2014 / Notices acquired in the deemed asset acquisition. Current Actions: There are no changes to the paperwork burden previously approved by OMB. This document is being submitted for renewal purposes only. Type of Review: Extension of OMB approval. Affected Public: Business or other forprofit organizations, and farms. The regulation provides that a section 338 election is made by filing Form 8023. The burden for this requirement is reflected in the burden of Form 8023. The regulation also provides that both a seller and a purchaser must each file an asset acquisition statement on Form 8594. The burden for this requirement is reflected in the burden of Form 8594. The burden for the collection of information in § 1.338–2(e)(4) is as follows: Estimated Number of Respondents/ Recordkeeper: 45. Estimated Average Annual Burden per Respondent/Recordkeeper: 34 minutes. Estimated Total Annual Reporting/ Recordkeeping Hours: 25. 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, VerDate Mar<15>2010 22:09 Jul 31, 2014 Jkt 232001 maintenance, and purchase of services to provide information. Approved: July 14, 2014. R. Joseph Durbala, IRS Reports Clearance Officer. [FR Doc. 2014–18186 Filed 7–31–14; 8:45 am] BILLING CODE 4830–01–P DEPARTMENT OF THE TREASURY Internal Revenue Service Proposed Information Collection; Comment Request Internal Revenue Service (IRS), Treasury. ACTION: Notice and request for comments. AGENCY: The Department of the Treasury, 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, Public Law 104–13 (44 U.S.C. 3506(c)(2)(A)). Currently, the IRS is soliciting comments concerning Form 4423, Application for Filing Affordable Care Act (ACA) Information Returns. DATES: Written comments should be received on or before September 30, 2014 to be assured of consideration. ADDRESSES: Direct all written comments to Stacey Becker, Internal Revenue Service, Room 6526, 1111 Constitution Avenue NW., Washington, DC 20224. FOR FURTHER INFORMATION: Requests for additional information, or copies of the information collection and instructions should be addressed to Joe Durbala, at Internal Revenue Service, room 6129, 1111 Constitution Avenue NW., Washington, DC 20224, or through the Internet, at RJoseph.Durbala@irs.gov. SUPPLEMENTARY INFORMATION: Title: Application for Filing Affordable Care Act (ACA) Information Returns. OMB Number: 1545–2251. Form Numbers: 4423. Abstract: IRC § 6055 states beginning in January 2015, Health Insurance Marketplaces will be required to provide end of year information reporting in the form of information returns. IRC § 6056 states all insurance providers issuing Minimal Essential Coverage and Applicable Large Employers will have the option to begin voluntarily transmitting information returns to meet ACA information reporting requirements in 2015; SUMMARY: PO 00000 Frm 00234 Fmt 4703 Sfmt 4703 44971 however, these requirements will become mandatory in January 2016, for the 2015 Tax Year. Section 6011(e)(2)(A) of the Internal Revenue Code provides that any person, including a corporation, partnership, individual, estate, or trust, who is required to file 250 or more information returns, must file such returns electronically. Form 4423 will be used when a company is a foreign filer that does not have an Employer Identification Number (EIN) and cannot use the electronic application process to apply for an Affordable Care Act Transmitter Control Code. Current Actions: Requesting OMB approval to add Form 4423 under this currently approved OMB number. Type of Review: Revision to a currently approved collection. Affected Public: Individuals or households, Business or other for-profit, and not-for-profit entities. Estimated Number of Responses: 6. Estimated Time per Response: 20 minutes. Estimated Total Annual Burden Hours: 2. 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 agency’s functions, including whether the information has 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 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. E:\FR\FM\01AUN1.SGM 01AUN1 44972 Federal Register / Vol. 79, No. 148 / Friday, August 1, 2014 / Notices Approved: July 29, 2014. Stacey Becker, Director, Tax Forms and Publications Division. [FR Doc. 2014–18199 Filed 7–31–14; 8:45 am] BILLING CODE 4830–01–P DEPARTMENT OF THE TREASURY Internal Revenue Service Proposed Collection; Comment Request for Regulation Project Internal Revenue Service (IRS), Treasury. ACTION: Notice and request for comments. AGENCY: The Department of the Treasury, 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, Public Law 104–13(44 U.S.C. 3506(c)(2)(A)). Currently, the IRS is soliciting comments concerning an existing, qualified severance of a trust for generation-skipping transfer (GST) tax purposes. DATES: Written comments should be received on or before September 30, 2014 to be assured of consideration. ADDRESSES: Direct all written comments to, R. Joseph Durbala, Internal Revenue Service, Room 6129, 1111 Constitution Avenue NW., Washington, DC 20224. FOR FURTHER INFORMATION CONTACT: Requests for additional information or copies of the regulation should be directed to Kerry Dennis, at Internal Revenue Service, Room 6219, 1111 Constitution Avenue NW., Washington, DC 20224, or through the Internet at Kerry.Dennis@irs.gov. SUPPLEMENTARY INFORMATION: Title: Qualified Severance of a Trust for Generation-Skipping Transfer (GST) Tax Purposes OMB Number: 1545–1902. Regulation Project Number: T.D.9348. Abstract: This information is required by the IRS for qualified severances. It will be used to identify the trusts being severed and the new trusts created upon severance. Current Actions: There is no change to the existing regulation. Type of Review: Extension of a currently approved collection. Affected Public: Individuals or households. Estimated Number of Respondents: 25,000. tkelley on DSK3SPTVN1PROD with NOTICES SUMMARY: VerDate Mar<15>2010 22:09 Jul 31, 2014 Jkt 232001 Estimated Time per Respondent: 30 minutes. Estimated Total Annual Burden Hours: 12,500. 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: July 25, 2014. R. Joseph Durbala, IRS Reports Clearance Officer. [FR Doc. 2014–18196 Filed 7–31–14; 8:45 am] BILLING CODE 4830–01–P DEPARTMENT OF THE TREASURY Internal Revenue Service Proposed Collection; Comment Request for Form 8718 Internal Revenue Service (IRS), Treasury. ACTION: Notice and request for comments. AGENCY: The Department of the Treasury, 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 SUMMARY: PO 00000 Frm 00235 Fmt 4703 Sfmt 4703 collections, as required by the Paperwork Reduction Act of 1995, Public Law 104–13 (44 U.S.C. 3506(c)(2)(A)). Currently, the IRS is soliciting comments concerning Form 8718, User Fee for Exempt Organization Determination Letter Request. DATES: Written comments should be received on or before September 30, 2014 to be assured of consideration. ADDRESSES: Direct all written comments to R. Joseph Durbala, Internal Revenue Service, Room 6129, 1111 Constitution Avenue NW., Washington, DC 20224. FOR FURTHER INFORMATION CONTACT: Requests for additional information or copies of the form and instructions should be directed to Kerry Dennis, at Internal Revenue Service, Room 6129, 1111 Constitution Avenue NW., Washington, DC 20224, or through the Internet at Kerry.Dennis@irs.gov. SUPPLEMENTARY INFORMATION: Title: User Fee for Exempt Organization Determination Letter Request. OMB Number: 1545–1798. Form Number: Form 8718. Abstract: The Omnibus Reconciliation Act of 1990 requires payment of a ‘‘user fee’’ with each application for an exempt organization determination letter. Because of this requirement, the Form 8718 was created to provide filers the means to enclose their payment and indicate what type of request they were making. Current Actions: The Department has updated the burden associated with the ICR to reflect its most recent data on Form 8718 filings. We updated our estimated number of respondents to 14,376 which will decrease our estimated total annual burden hours by 15,948 hours (16,667 hours to 719 hours). The estimate is based on updated filing projections and previous year filings. There are no additional program changes that will affect the burden estimates Type of Review: Revision of a currently approved collection. Affected Public: Businesses and other for-profit organizations, and not-forprofit institutions. Estimated Number of Respondents: 14,376. Estimated Time per Respondent: 5 minutes. Estimated Total Annual Burden Hours: 719 hours. 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 E:\FR\FM\01AUN1.SGM 01AUN1

Agencies

[Federal Register Volume 79, Number 148 (Friday, August 1, 2014)]
[Notices]
[Pages 44971-44972]
From the Federal Register Online via the Government Printing Office [www.gpo.gov]
[FR Doc No: 2014-18199]


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DEPARTMENT OF THE TREASURY

Internal Revenue Service


Proposed Information Collection; Comment Request

AGENCY: Internal Revenue Service (IRS), Treasury.

ACTION: Notice and request for comments.

-----------------------------------------------------------------------

SUMMARY: The Department of the Treasury, 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, Public Law 104-13 (44 U.S.C. 
3506(c)(2)(A)). Currently, the IRS is soliciting comments concerning 
Form 4423, Application for Filing Affordable Care Act (ACA) Information 
Returns.

DATES: Written comments should be received on or before September 30, 
2014 to be assured of consideration.

ADDRESSES: Direct all written comments to Stacey Becker, Internal 
Revenue Service, Room 6526, 1111 Constitution Avenue NW., Washington, 
DC 20224.

FOR FURTHER INFORMATION:  Requests for additional information, or 
copies of the information collection and instructions should be 
addressed to Joe Durbala, at Internal Revenue Service, room 6129, 1111 
Constitution Avenue NW., Washington, DC 20224, or through the Internet, 
at RJoseph.Durbala@irs.gov.

SUPPLEMENTARY INFORMATION: 
    Title: Application for Filing Affordable Care Act (ACA) Information 
Returns.
    OMB Number: 1545-2251.
    Form Numbers: 4423.
    Abstract:
    IRC Sec.  6055 states beginning in January 2015, Health Insurance 
Marketplaces will be required to provide end of year information 
reporting in the form of information returns. IRC Sec.  6056 states all 
insurance providers issuing Minimal Essential Coverage and Applicable 
Large Employers will have the option to begin voluntarily transmitting 
information returns to meet ACA information reporting requirements in 
2015; however, these requirements will become mandatory in January 
2016, for the 2015 Tax Year. Section 6011(e)(2)(A) of the Internal 
Revenue Code provides that any person, including a corporation, 
partnership, individual, estate, or trust, who is required to file 250 
or more information returns, must file such returns electronically. 
Form 4423 will be used when a company is a foreign filer that does not 
have an Employer Identification Number (EIN) and cannot use the 
electronic application process to apply for an Affordable Care Act 
Transmitter Control Code.
    Current Actions: Requesting OMB approval to add Form 4423 under 
this currently approved OMB number.
    Type of Review: Revision to a currently approved collection.
    Affected Public: Individuals or households, Business or other for-
profit, and not-for-profit entities.
    Estimated Number of Responses: 6.
    Estimated Time per Response: 20 minutes.
    Estimated Total Annual Burden Hours: 2.
    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 agency's functions, including whether the 
information has 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 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.


[[Page 44972]]


    Approved: July 29, 2014.
Stacey Becker,
Director, Tax Forms and Publications Division.
[FR Doc. 2014-18199 Filed 7-31-14; 8:45 am]
BILLING CODE 4830-01-P

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