Proposed Collection; Comment Request for Regulation Project, 52115-52116 [2014-20831]
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Federal Register / Vol. 79, No. 169 / Tuesday, September 2, 2014 / Notices
Written comments should be
received on or before November 3, 2014
to be assured of consideration.
ADDRESSES: Direct all written comments
to Christie Preston, 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 R. Joseph Durbala,
at (202) 317–5746, or 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: Form 1042, Annual
Withholding Tax Return for U.S. Source
Income of Foreign Persons, Form 1042–
S, Foreign Person’s U.S. Source Income
Subject to Withholding, and Form
1042–T, Annual Summary and
Transmittal of Forms 1042–T.
OMB Number: 1545–0096.
Form Numbers: 1042, 1042–S, and
1042–T.
Abstract: Form 1042 is used by
withholding agents to report tax
withheld at source on payment of
certain income paid to nonresident alien
individuals, foreign partnerships, or
foreign corporations. The IRS uses this
information to verify that the correct
amount of tax has been withheld and
paid to the United States. Form 1042–
S is used to report certain income and
tax withheld information to nonresident
alien payees and beneficial owners.
Form 1042–T is used by withholding
agents to transmit Forms 1042–S to the
IRS.
Current Actions: There are no changes
to the burden previously approved by
OMB.
Type of Review: Extension of a
currently approved collection.
Affected Public: Business or other for
profit organizations and individuals or
households.
Estimated Number of Respondents:
22,000.
Estimated Time per Respondent: 61
hours, 52 minutes.
Estimated Total Annual Burden
Hours: 1,360,940.
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
mstockstill on DSK4VPTVN1PROD with NOTICES
DATES:
VerDate Mar<15>2010
16:57 Aug 29, 2014
Jkt 232001
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: August 26, 2014.
R. Joseph Durbala,
IRS, Reports Clearance Officer.
[FR Doc. 2014–20824 Filed 8–29–14; 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 when
amounts deferred under or paid from a
nonqualified deferred compensation
plan are taken into account as wages for
purposes of the employment taxes
imposed by the Federal Insurance
Contributions Act (FICA).
DATES: Written comments should be
received on or before November 3, 2014
to be assured of consideration.
ADDRESSES: Direct all written comments
to R. Joseph Durbala, Internal Revenue
SUMMARY:
PO 00000
Frm 00173
Fmt 4703
Sfmt 4703
52115
Service, Room 6129, 1111 Constitution
Avenue NW., Washington, DC 20224.
FOR FURTHER INFORMATION CONTACT:
Requests for additional information or
copies of the regulations should be
directed to Sara Covington, at Internal
Revenue Service, Room 6129, 1111
Constitution Avenue NW., Washington,
DC 20224, or through the Internet at
Sara.L.Covington@irs.gov.
SUPPLEMENTARY INFORMATION:
Title: Federal Insurance Contributions
Act (FICA) Taxation of Amounts Under
Employee Benefits Plan.
OMB Number: 1545–1643.
Regulation Project Number: REG–
209484–87 (TD 8814–final).
Abstract: This document contains
final regulations under section
3121(v)(2) of the Internal Revenue Code
(Code) that provide guidance as to when
amounts deferred under or paid from a
nonqualified deferred compensation
plan are taken into account as wages for
purposes of the employment taxes
imposed by the Federal Insurance
Contributions Act (FICA). Section
3121(v)(2), relating to treatment of
certain nonqualified deferred
compensation, was added to the Code
by section 324 of the Social Security
Amendments of 1983. These regulations
provide guidance to employers who
maintain nonqualified deferred
compensation plans and to participants
in those plans.
Current Actions: There is no change to
this existing regulation.
Type of Review: Extension of
currently approved collection.
Affected Public: Business or other forprofit organizations and not-for-profit
institutions.
Estimated Number of Respondents:
2,500.
Estimated Time per Respondent: 5
hours.
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
E:\FR\FM\02SEN1.SGM
02SEN1
52116
Federal Register / Vol. 79, No. 169 / Tuesday, September 2, 2014 / Notices
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: August 20, 2014.
R. Joseph Durbala,
IRS Supervisory Tax Analyst.
[FR Doc. 2014–20831 Filed 8–29–14; 8:45 am]
BILLING CODE 4830–01–P
DEPARTMENT OF THE TREASURY
Internal Revenue Service
Agency Information Collection
Activity; Proposed Collection
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
limitations on corporate net operating
loss carryforwards.
DATES: Written comments should be
received on or before November 3, 2014
to be assured of consideration.
ADDRESSES: Direct all written comments
to Christie Preston, 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 R. Joseph Durbala, (202)
317–5746, Internal Revenue Service,
Room 6129, 1111 Constitution Avenue
NW., Washington, DC 20224, or through
the Internet at RJoseph.Durbala@irs.gov.
mstockstill on DSK4VPTVN1PROD with NOTICES
SUMMARY:
VerDate Mar<15>2010
18:24 Aug 29, 2014
Jkt 232001
SUPPLEMENTARY INFORMATION:
Title: Limitations on Corporate Net
Operating Loss Carryforwards.
OMB Number: 1545–1275.
Regulation Project Number: TD 8529.
Abstract: Sections 1.382–9(d)(2)(iii)
and (d)(4)(iv) of the regulation allow a
loss corporation to rely on a statement
by beneficial owners of indebtedness in
determining whether the loss
corporation qualifies for the benefits of
Internal Revenue Code section 382(1)(5).
Regulation section 1.382–9(d)(6)(ii)
requires a loss corporation to file an
election if it wants to apply the
regulation retroactively, or revoke a
prior Code section 382(1)(6) election.
Current Actions: There is no change to
this existing regulation.
Type of Review: Extension of a
currently approved collection.
Affected Public: Business or other forprofit organizations.
Estimated Number of Respondents:
650.
Estimated Time per Respondent: The
estimated annual time per respondent
with respect to the §§ 1.382–9(d)(2)(iii)
and (d)(4)(iv) statements is 15 minutes.
The estimated annual time per
respondent with respect to the § 1.382–
9(d)(6)(ii) election is 1 hour.
Estimated Total Annual Burden
Hours: 200 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
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
PO 00000
Frm 00174
Fmt 4703
Sfmt 4703
technology; and (e) estimates of capital
or start-up costs and costs of operation,
maintenance, and purchase of services
to provide information.
Approved: August 26, 2014.
R. Joseph Durbala,
IRS Reports Clearance Officer.
[FR Doc. 2014–20826 Filed 8–29–14; 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 certain
elections under the Omnibus Budget
Reconciliation Act of 1993.
DATES: Written comments should be
received on or before November 3, 2014
to be assured of consideration.
ADDRESSES: Direct all written comments
to Christie Preston, Internal Revenue
Service, Room 6129, 1111 Constitution
Avenue NW., Washington, DC 20224.
FOR FURTHER INFORMATION CONTACT:
Requests for additional information or
copies of the regulations should be
directed to R. Joseph Durbala at Internal
Revenue Service, Room 6129, 1111
Constitution Avenue NW., Washington,
DC 20224, or at (202) 317–5746, or
through the Internet at
RJoseph.Durbala@irs.gov.
SUPPLEMENTARY INFORMATION:
Title: Certain Elections Under the
Omnibus Budget Reconciliation Act of
1993.
OMB Number: 1545–1421.
Regulation Project Number: TD 8688.
Abstract: These regulations
established various elections enacted by
the Omnibus Budget Reconciliation Act
of 1993 (OBRA) and provided
immediate interim guidance of the time
and manner of making the elections.
These regulations enable taxpayers to
take advantage of various benefits
provided by OBRA and the Internal
Revenue Code.
SUMMARY:
E:\FR\FM\02SEN1.SGM
02SEN1
]]>Agencies
[Federal Register Volume 79, Number 169 (Tuesday, September 2, 2014)]
[Notices]
[Pages 52115-52116]
From the Federal Register Online via the Government Printing Office [www.gpo.gov]
[FR Doc No: 2014-20831]
-----------------------------------------------------------------------
DEPARTMENT OF THE TREASURY
Internal Revenue Service
Proposed Collection; Comment Request for Regulation Project
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
when amounts deferred under or paid from a nonqualified deferred
compensation plan are taken into account as wages for purposes of the
employment taxes imposed by the Federal Insurance Contributions Act
(FICA).
DATES: Written comments should be received on or before November 3,
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 regulations should be directed to Sara Covington, at
Internal Revenue Service, Room 6129, 1111 Constitution Avenue NW.,
Washington, DC 20224, or through the Internet at
Sara.L.Covington@irs.gov.
SUPPLEMENTARY INFORMATION:
Title: Federal Insurance Contributions Act (FICA) Taxation of
Amounts Under Employee Benefits Plan.
OMB Number: 1545-1643.
Regulation Project Number: REG-209484-87 (TD 8814-final).
Abstract: This document contains final regulations under section
3121(v)(2) of the Internal Revenue Code (Code) that provide guidance as
to when amounts deferred under or paid from a nonqualified deferred
compensation plan are taken into account as wages for purposes of the
employment taxes imposed by the Federal Insurance Contributions Act
(FICA). Section 3121(v)(2), relating to treatment of certain
nonqualified deferred compensation, was added to the Code by section
324 of the Social Security Amendments of 1983. These regulations
provide guidance to employers who maintain nonqualified deferred
compensation plans and to participants in those plans.
Current Actions: There is no change to this existing regulation.
Type of Review: Extension of currently approved collection.
Affected Public: Business or other for-profit organizations and
not-for-profit institutions.
Estimated Number of Respondents: 2,500.
Estimated Time per Respondent: 5 hours.
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
[[Page 52116]]
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: August 20, 2014.
R. Joseph Durbala,
IRS Supervisory Tax Analyst.
[FR Doc. 2014-20831 Filed 8-29-14; 8:45 am]
BILLING CODE 4830-01-P
