Agency Information Collection Activities; Submission for OMB Review; Comment Request; Multiple IRS Information Collection Requests, 18971-18973 [2017-08203]
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jstallworth on DSK7TPTVN1PROD with NOTICES
Federal Register / Vol. 82, No. 77 / Monday, April 24, 2017 / Notices
Treasury Circular 230 regulations, the
applicant’s past and current affiliations,
digital industry experience to include
online services for tax professionals,
experience working with software
developers on tax-related applications,
financial applications, software
development and user experience
design, and dealings with a particular
tax segment of the community that he/
she wishes to represent on the Council.
Nominations will be accepted from
qualified individuals and from
professional and public interest groups
that wish to have representatives on the
IRSAC. The IRSAC is comprised of up
to thirty-five (35) members.
Nominations are currently being
accepted for approximately nine
appointments that will begin in January
2018. It is important that the IRSAC
continue to represent a diverse taxpayer
and stakeholder base. Accordingly, to
maintain membership diversity,
selection is based on the applicant’s
qualifications as well as areas of
expertise, geographic diversity, major
stakeholder representation and
customer segments.
The IRSAC provides an organized
public forum for IRS officials and
representatives of the public to discuss
relevant tax administration issues, and
it advises the IRS on issues that have a
substantive effect on federal tax
administration. As an advisory body
designed to focus on broad policy
matters, the IRSAC reviews existing tax
policy and/or recommends policies with
respect to emerging tax administration
issues. The IRSAC suggests operational
improvements, offers constructive
observations regarding current or
proposed IRS policies, programs, and
procedures and advises the IRS with
respect to issues having a substantive
effect on federal tax administration.
DATES: Written nominations will be
accepted from April 27 through June 16,
2017.
ADDRESSES: Applications should be
submitted to: Anna Millikan, IRS
National Public Liaison Office,
CL:NPL:P, Room 7559, 1111
Constitution Avenue NW., Washington,
DC 20224, Attn: IRSAC Applications.
Applications may also be submitted via
fax to 855–811–8021. Applications are
available on the IRS Web site at https://
www.irs.gov/pub/irs-pdf/f12339.pdf
FOR FURTHER INFORMATION CONTACT:
Anna Millikan at 202–317–6851 (not a
toll-free number), or send an email to
publicliaison@irs.gov.
SUPPLEMENTARY INFORMATION: The
IRSAC is authorized under the Federal
Advisory Committee Act, Public Law
92–463. The first Advisory Group to the
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Commissioner of Internal Revenue—or
the Commissioner’s Advisory Group
(‘‘CAG’’)—was established in 1953 as a
‘‘national policy and/or issue advisory
committee.’’ Renamed in 1998, the
Internal Revenue Service Advisory
Council (IRSAC) reflects the agencywide scope of its focus as an advisory
body to the entire agency. The IRSAC’s
primary purpose is to provide an
organized public forum for senior IRS
executives and representatives of the
public to discuss relevant tax
administration issues.
Conveying the public’s perception of
IRS activities, the IRSAC is comprised
of individuals who bring substantial,
disparate experience and diverse
backgrounds on the Council’s activities.
Membership is balanced to include
representation from the taxpaying
public, the tax professional community,
small and large businesses,
international, wage and investment
taxpayers, digital services sector and
knowledge of Treasury Circular 230.
The IRSAC members are appointed by
the Commissioner of the Internal
Revenue Service with the concurrence
of the Secretary of the Treasury to serve
a three-year term. The IRSAC may form
subcommittees (or subgroups) for any
purpose consistent with its charter.
These subcommittees must report
directly to the IRSAC parent committee.
Members are not paid for their
services. However, travel expenses for
working sessions, public meetings and
orientation sessions, such as airfare, per
diem, and transportation to and from
airports, train stations, etc., are
reimbursed within prescribed federal
travel limitations.
All applicants will be sent an
acknowledgment of receipt. In
accordance with the Department of
Treasury Directive 21–03, a clearance
process, including annual tax checks
and a practitioner check with the IRS
Office of Professional Responsibility,
will be conducted. In addition, all
applicants deemed ‘‘Best Qualified’’
shall undergo a Federal Bureau of
Investigation (FBI) fingerprint check.
Equal opportunity practices will be
followed for all appointments to the
IRSAC in accordance with the
Department of Treasury and IRS
policies. The IRS has special interest in
assuring that women and men, members
of all races and national origins, and
individuals with disabilities are
adequately represented on advisory
committees. Therefore, the IRS extends
particular encouragement to
nominations from such appropriatelyqualified candidates.
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18971
Dated: April 11, 2017.
John Lipold,
Designated Federal Official.
[FR Doc. 2017–08157 Filed 4–21–17; 8:45 am]
BILLING CODE 4830–01–P
DEPARTMENT OF THE TREASURY
Agency Information Collection
Activities; Submission for OMB
Review; Comment Request; Multiple
IRS Information Collection Requests
Departmental Offices, U.S.
Department of the Treasury.
ACTION: Notice.
AGENCY:
The Department of the
Treasury will submit the following
information collection request(s) to the
Office of Management and Budget
(OMB) for review and clearance in
accordance with the Paperwork
Reduction Act of 1995, on or after the
date of publication of this notice. The
public is invited to submit comments on
the collection(s) listed below.
DATES: Comments should be received on
or before May 24, 2017 to be assured of
consideration.
ADDRESSES: Send comments regarding
the burden estimate, or any other aspect
of the information collection, including
suggestions for reducing the burden, to
(1) Office of Information and Regulatory
Affairs, Office of Management and
Budget, Attention: Desk Officer for
Treasury, New Executive Office
Building, Room 10235, Washington, DC
20503, or email at OIRA_Submission@
OMB.EOP.gov and (2) Treasury PRA
Clearance Officer, 1750 Pennsylvania
Ave. NW., Suite 8142, Washington, DC
20220, or email at PRA@treasury.gov.
FOR FURTHER INFORMATION CONTACT:
Copies of the submissions may be
obtained by emailing PRA@treasury.gov,
calling (202) 622–0489, or viewing the
entire information collection request at
www.reginfo.gov.
SUPPLEMENTARY INFORMATION:
SUMMARY:
Internal Revenue Service (IRS)
Title: Form 706–NA, United States
Estate (and Generation-Skipping
Transfer) Tax Return, Estate of
nonresident not a citizen of the United
States.
OMB Control Number: 1545–0531.
Type of Review: Extension without
change of a currently approved
collection.
Abstract: Under section 6018,
executors must file estate tax returns for
nonresident non-citizens that had
property in the U.S. Executors use Form
706–NA for this purpose. IRS uses the
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jstallworth on DSK7TPTVN1PROD with NOTICES
18972
Federal Register / Vol. 82, No. 77 / Monday, April 24, 2017 / Notices
information to determine correct tax and
credits.
Form: 706–NA.
Affected Public: Individuals or
Households.
Estimated Total Annual Burden
Hours: 3,584.
Title: Office of Chief Counsel—
Application Form 6524.
OMB Control Number: 1545–0796.
Type of Review: Extension without
change of a currently approved
collection.
Abstract: The Chief Counsel
Application form provides data the
agency deems critical for evaluating an
attorney applicant’s qualifications such
as LSAT score, bar admission status,
type of work preference, law school, and
class standing. OF–306 does not provide
this information.
Form: 6524.
Affected Public: Individuals or
Households.
Estimated Total Annual Burden
Hours: 300.
Title: (TD 7533) Final, DISC Rules on
Procedure and Administration; Rules on
Export Trade Corporations, and (TD
7896) Final, Income from Trade Shows.
OMB Control Number: 1545–0807.
Type of Review: Extension without
change of a currently approved
collection.
Abstract: Section 1.6071–1(b) requires
that when a taxpayer files a late return
for a short period, proof of unusual
circumstances for late filing must be
given to the District Director. Section
1.6072(b), (c), (d), and (e) of the IRC
deals with the filing dates of certain
corporate returns. Regulation section
1.6072–2 provides additional
information concerning these filing
dates. The information is used to insure
timely filing of corporate income tax
returns.
Form: None.
Affected Public: Businesses or other
for-profits.
Estimated Total Annual Burden
Hours: 3,104.
Title: Form 8857—Request for
Innocent Spouse Relief, Form 8857(SP).
OMB Control Number: 1545–1596.
Type of Review: Revision of a
currently approved collection.
Abstract: Section 6103(e) of the
internal revenue code allows taxpayers
to request, and IRS to grant, ‘‘innocent
spouse’’ relief when: Taxpayer filed a
joint return with tax substantially
understated; taxpayer establishes no
knowledge of or benefit from, the
understatement; and it would be
inequitable to hold the taxpayer liable.
GAO Report GAO/GGD–97–34
recommended that IRS develop a form
to make relief easier for the public to
request.
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Form: 8857, 8857 (SP).
Affected Public: Individuals or
Households.
Estimated Total Annual Burden
Hours: 316,000.
Title: Residence of Trusts and Estates7701—REG–251703–96 (TD 8813—
Final).
OMB Control Number: 1545–1600.
Type of Review: Extension without
change of a currently approved
collection.
Abstract: Section 1161 of the
Taxpayer Relief Act of 1997, Public Law
105–34, 111 Stat. 788 (1997), provides
that a trust that was in existence on
August 20, 1996 (other than a trust
treated as owned by the grantor under
subpart E of part I of subchapter J of
chapter 1 of the Internal Revenue Code
of 1986) and that was treated as a
United States person on August 19,
1996, may elect to continue to be treated
as a United States person
notwithstanding § 7701(a)(30)(E) of the
Code. The election will require the
Internal Revenue Service to collect
information. This regulation provides
the procedure and requirements for
making the election to remain a
domestic trust.
Form: None.
Affected Public: Individuals or
Households.
Estimated Total Annual Burden
Hours: 114.
Title: TD 8816 (Final) Roth IRAs.
OMB Control Number: 1545–1616.
Type of Review: Extension without
change of a currently approved
collection.
Abstract: This collection of
information contains regulations
relating to Roth IRAs under section
408A of the Internal Revenue Code
(Code). The regulations provide
guidance on establishing Roth IRAs,
contributions to Roth IRAs, converting
amounts to Roth IRAs, recharacterizing
IRA contributions, Roth IRA
distributions and Roth IRA reporting
requirements. The regulations affect
individuals establishing Roth IRAs,
beneficiaries under Roth IRAs, and
trustees, custodians or issuers of Roth
IRAs.
Form: None.
Affected Public: Individuals or
Households.
Estimated Total Annual Burden
Hours: 125,000.
Title: REG–107151–00 (TD 9035—
Final) Constructive Transfers and
Transfers of Property to a Third Party on
Behalf of a Spouse.
OMB Control Number: 1545–1751.
Type of Review: Extension without
change of a currently approved
collection.
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Abstract: The regulation sets forth the
required information that will permit
spouses or former spouses to treat a
redemption by a corporation of stock of
one spouse or former spouse as a
transfer of that stock to the other spouse
or former spouse in exchange for the
redemption proceeds and a redemption
of the stock from the latter spouse or
former spouse in exchange for the
redemption proceeds.
Form: None.
Affected Public: Individuals or
Households.
Estimated Total Annual Burden
Hours: 500.
Title: Election of Alternative Deficit
Reduction Contribution and Plan
Amendments.
OMB Control Number: 1545–1883.
Type of Review: Extension without
change of a currently approved
collection.
Abstract: These information
collections provides procedures for
electing an alternative deficit reduction
contribution, including a model election
form; guidance on the type of notices
that must be given by an employer to
plan participants; and guidance on the
restrictions that are placed on plan
amendments. This information is used
to monitor and make valid
determinations with respect to
employers that make an election for
certain plans and make restricted
amendments.
Form: None.
Affected Public: Businesses or otherfor-profits.
Estimated Total Annual Burden
Hours: 13,200.
Title: Notice of Qualified Equity
Investment for New Markets Credit.
OMB Control Number: 1545–2065.
Type of Review: Extension without
change of a currently approved
collection.
Abstract: Community Development
Entities (CDEs) must provide notice to
any taxpayer who acquires a qualified
equity investment in the CDE at its
original issue that the equity investment
is a qualified equity investment entitling
the taxpayer to claim the new markets
credit. Form 8874–A is used to make the
notification as required under
Regulations section 1.45D–1(g)(2)(i)(A).
Form: 8874–A.
Affected Public: Businesses or other
for-profits.
Estimated Total Annual Burden
Hours: 2,715.
Title: Form 8874–B—Notice of
Recapture Event for New Markets
Credit.
OMB Control Number: 1545–2066.
Type of Review: Extension without
change of a currently approved
collection.
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jstallworth on DSK7TPTVN1PROD with NOTICES
Federal Register / Vol. 82, No. 77 / Monday, April 24, 2017 / Notices
Abstract: Form 8874–B is used for
qualified Community Development
Entities (CDEs) to provide notification to
any taxpayer holder of a qualified equity
investment (including prior holders)
that a recapture event has occurred.
This form is used to make the
notification as required under
Regulations section 1.45D–1(g)(2)(i)(B).
Form: 8874–B.
Affected Public: Businesses or other
for-profits.
Estimated Total Annual Burden
Hours: 2,755.
Title: S Corporation Guidance under
AJCA of 2004 (TD 9422 Final—REG–
143326–05).
OMB Control Number: 1545–2114.
Type of Review: Extension without
change of a currently approved
collection.
Abstract: This document contains
final regulations that provide guidance
regarding certain changes made to the
rules governing S corporations under
the American Jobs Creation Act of 2004
and the Gulf Opportunity Zone Act of
2005. The final regulations replace
obsolete references in the current
regulations and allow taxpayers to make
proper use of the provisions that made
changes to prior law. The final
regulations include guidance on the S
corporation family shareholder rules,
the definitions of ‘‘powers of
appointment’’ and ‘‘potential current
beneficiaries’’ (PCBs) with regard to
electing small business trusts (ESBTs),
the allowance of suspended losses to the
spouse or former spouse of an S
corporation shareholder, and relief for
inadvertently terminated or invalid
qualified subchapter S subsidiary
(QSub) elections. The final regulations
affect S corporations and their
shareholders.
Form: None.
Affected Public: Businesses or other
for-profits.
Estimated Total Annual Burden
Hours: 26,000.
Title: Qualifying Advanced Energy
Project Credit—Notice 2013–12.
OMB Control Number: 1545–2151.
Type of Review: Extension without
change of a currently approved
collection.
Abstract: This notice supersedes
Notice 2009–72 and establishes the
qualifying advanced energy project
program (‘‘advanced energy program’’)
under § 48C(d) of the Internal Revenue
Code and announces an initial
allocation round of the qualifying
advanced energy project credit
(‘‘advanced energy credit’’) to qualifying
advanced energy projects under the
advanced energy program. A qualifying
advanced energy project re-equips,
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expands, or establishes a manufacturing
facility for the production of certain
energy related property. A taxpayer
must submit, for each qualifying
advanced energy project: (1) An
application for certification by the DOE
(‘‘application for DOE certification’’),
and (2) an application for certification
under § 48C(d)(2) by the Service
(‘‘application for § 48C certification’’).
Both applications may be submitted
only during the 2-year period beginning
on August 14, 2009. Certification will be
issued and credits will be allocated to
projects in annual allocation rounds.
The initial allocation round was
conducted in 2009–10, and if necessary,
additional allocation rounds in 2010–
11.
Form: None.
Affected Public: Businesses or other
for-profits.
Estimated Total Annual Burden
Hours: 55,000.
Title: Notice 2010–30/Notice 2012–
41—Transitional Guidance for
Taxpayers Claiming Relief Under the
Military Spouses Residency Relief Act
for Taxable Year 2009 and Subsequent
Years.
OMB Control Number: 1545–2169.
Type of Review: On April 15, 2010,
the Department of the Treasury
(Treasury Department) and the Internal
Revenue Service (IRS) published Notice
2010–30, 2010–18 I.R.B. 650, which
provides relief and procedures for
certain taxpayers who are spouses
(civilian spouses) of active duty
members of the uniformed services
(service members). The relief and
procedures were made available to
civilian spouses who (A) accompany
their service member spouses to a
military duty station in American
Samoa, Guam, the Northern Mariana
Islands (NMI), Puerto Rico, or the U.S.
Virgin Islands (USVI) (each a ‘‘U.S.
territory’’) and claim residence or
domicile (tax residence) in one of the 50
States or the District of Columbia under
the Military Spouses Residency Relief
Act (MSRRA) or (B) accompany their
service member spouses to a military
duty station in one of the 50 States or
the District of Columbia and claim tax
residence in a U.S. territory under
MSRRA. The relief and procedures set
forth in Notice 2010–30 were initially
available for the taxable year 2009. On
June 07, 2012, the Treasury Department
and the IRS published Notice 2012–41,
which extended the relief and
procedures announced in Notice 2010–
30 to the subsequent taxable years. This
notice further extends the relief set forth
in Notice 2010–30 for civilian spouses
described in the prior paragraph to
taxable years beginning after November
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18973
11, 2010 and subsequent calendar years,
and provides that such civilian spouses
should follow the applicable procedures
described in Notice 2010–30.
Form: None.
Affected Public: Individuals or
Households.
Estimated Total Annual Burden
Hours: 6,200.
Title: Hiring Incentives to Restore
Employment (HIRE) Act Employee
Affidavit.
OMB Control Number: 1545–2173.
Type of Review: Extension without
change of a currently approved
collection.
Abstract: This form was created in
response to the Hiring Incentives to
Restore Employment (HIRE) Act, which
was signed on March 18, 2010. The form
was developed as a template for the
convenience of employers who must
collect affidavits from qualifying
employees. The form is not filed; rather
an employer must retain the affidavit in
order to justify claiming certain HIRE
Act benefits. A model form is needed as
soon as possible so that employers can
begin confidently claiming payroll
exemptions.
Form: W–11.
Affected Public: Businesses or other
for-profits.
Estimated Total Annual Burden
Hours: 227,000.
Authority: 44 U.S.C. 3501 et seq.
Dated: April 19, 2017.
Jennifer P. Leonard,
Treasury PRA Clearance Officer.
[FR Doc. 2017–08203 Filed 4–21–17; 8:45 am]
BILLING CODE 4830–01–P
DEPARTMENT OF VETERANS
AFFAIRS
Advisory Committee on Former
Prisoners of War; Notice of Meeting
The Department of Veterans Affairs
(VA) gives notice under the Federal
Advisory Committee Act, 5 U.S.C., App.
2, that the Advisory Committee on
Former Prisoners of War (FPOW) will
meet May 17–19, 2017, from 9:00 a.m.–
4:30 p.m. CST at the Southeast
Louisiana VA Medical Center, 2400
Canal Street, New Orleans, LA 70119.
Sessions are open to the public, except
when the Committee is conducting a
tour of VA facilities. Tours of VA
facilities are closed, to protect Veterans’
privacy and personal information, in
accordance with 5 U.S.C. 552b(c)(6).
The purpose of the Committee is to
advise the Secretary of Veterans Affairs
on the administration of benefits under
Title 38 U.S.C., for Veterans who are
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]]>Agencies
[Federal Register Volume 82, Number 77 (Monday, April 24, 2017)]
[Notices]
[Pages 18971-18973]
From the Federal Register Online via the Government Publishing Office [www.gpo.gov]
[FR Doc No: 2017-08203]
-----------------------------------------------------------------------
DEPARTMENT OF THE TREASURY
Agency Information Collection Activities; Submission for OMB
Review; Comment Request; Multiple IRS Information Collection Requests
AGENCY: Departmental Offices, U.S. Department of the Treasury.
ACTION: Notice.
-----------------------------------------------------------------------
SUMMARY: The Department of the Treasury will submit the following
information collection request(s) to the Office of Management and
Budget (OMB) for review and clearance in accordance with the Paperwork
Reduction Act of 1995, on or after the date of publication of this
notice. The public is invited to submit comments on the collection(s)
listed below.
DATES: Comments should be received on or before May 24, 2017 to be
assured of consideration.
ADDRESSES: Send comments regarding the burden estimate, or any other
aspect of the information collection, including suggestions for
reducing the burden, to (1) Office of Information and Regulatory
Affairs, Office of Management and Budget, Attention: Desk Officer for
Treasury, New Executive Office Building, Room 10235, Washington, DC
20503, or email at OIRA_Submission@OMB.EOP.gov and (2) Treasury PRA
Clearance Officer, 1750 Pennsylvania Ave. NW., Suite 8142, Washington,
DC 20220, or email at PRA@treasury.gov.
FOR FURTHER INFORMATION CONTACT: Copies of the submissions may be
obtained by emailing PRA@treasury.gov, calling (202) 622-0489, or
viewing the entire information collection request at www.reginfo.gov.
SUPPLEMENTARY INFORMATION:
Internal Revenue Service (IRS)
Title: Form 706-NA, United States Estate (and Generation-Skipping
Transfer) Tax Return, Estate of nonresident not a citizen of the United
States.
OMB Control Number: 1545-0531.
Type of Review: Extension without change of a currently approved
collection.
Abstract: Under section 6018, executors must file estate tax
returns for nonresident non-citizens that had property in the U.S.
Executors use Form 706-NA for this purpose. IRS uses the
[[Page 18972]]
information to determine correct tax and credits.
Form: 706-NA.
Affected Public: Individuals or Households.
Estimated Total Annual Burden Hours: 3,584.
Title: Office of Chief Counsel--Application Form 6524.
OMB Control Number: 1545-0796.
Type of Review: Extension without change of a currently approved
collection.
Abstract: The Chief Counsel Application form provides data the
agency deems critical for evaluating an attorney applicant's
qualifications such as LSAT score, bar admission status, type of work
preference, law school, and class standing. OF-306 does not provide
this information.
Form: 6524.
Affected Public: Individuals or Households.
Estimated Total Annual Burden Hours: 300.
Title: (TD 7533) Final, DISC Rules on Procedure and Administration;
Rules on Export Trade Corporations, and (TD 7896) Final, Income from
Trade Shows.
OMB Control Number: 1545-0807.
Type of Review: Extension without change of a currently approved
collection.
Abstract: Section 1.6071-1(b) requires that when a taxpayer files a
late return for a short period, proof of unusual circumstances for late
filing must be given to the District Director. Section 1.6072(b), (c),
(d), and (e) of the IRC deals with the filing dates of certain
corporate returns. Regulation section 1.6072-2 provides additional
information concerning these filing dates. The information is used to
insure timely filing of corporate income tax returns.
Form: None.
Affected Public: Businesses or other for-profits.
Estimated Total Annual Burden Hours: 3,104.
Title: Form 8857--Request for Innocent Spouse Relief, Form
8857(SP).
OMB Control Number: 1545-1596.
Type of Review: Revision of a currently approved collection.
Abstract: Section 6103(e) of the internal revenue code allows
taxpayers to request, and IRS to grant, ``innocent spouse'' relief
when: Taxpayer filed a joint return with tax substantially understated;
taxpayer establishes no knowledge of or benefit from, the
understatement; and it would be inequitable to hold the taxpayer
liable. GAO Report GAO/GGD-97-34 recommended that IRS develop a form to
make relief easier for the public to request.
Form: 8857, 8857 (SP).
Affected Public: Individuals or Households.
Estimated Total Annual Burden Hours: 316,000.
Title: Residence of Trusts and Estates-7701--REG-251703-96 (TD
8813--Final).
OMB Control Number: 1545-1600.
Type of Review: Extension without change of a currently approved
collection.
Abstract: Section 1161 of the Taxpayer Relief Act of 1997, Public
Law 105-34, 111 Stat. 788 (1997), provides that a trust that was in
existence on August 20, 1996 (other than a trust treated as owned by
the grantor under subpart E of part I of subchapter J of chapter 1 of
the Internal Revenue Code of 1986) and that was treated as a United
States person on August 19, 1996, may elect to continue to be treated
as a United States person notwithstanding Sec. 7701(a)(30)(E) of the
Code. The election will require the Internal Revenue Service to collect
information. This regulation provides the procedure and requirements
for making the election to remain a domestic trust.
Form: None.
Affected Public: Individuals or Households.
Estimated Total Annual Burden Hours: 114.
Title: TD 8816 (Final) Roth IRAs.
OMB Control Number: 1545-1616.
Type of Review: Extension without change of a currently approved
collection.
Abstract: This collection of information contains regulations
relating to Roth IRAs under section 408A of the Internal Revenue Code
(Code). The regulations provide guidance on establishing Roth IRAs,
contributions to Roth IRAs, converting amounts to Roth IRAs,
recharacterizing IRA contributions, Roth IRA distributions and Roth IRA
reporting requirements. The regulations affect individuals establishing
Roth IRAs, beneficiaries under Roth IRAs, and trustees, custodians or
issuers of Roth IRAs.
Form: None.
Affected Public: Individuals or Households.
Estimated Total Annual Burden Hours: 125,000.
Title: REG-107151-00 (TD 9035--Final) Constructive Transfers and
Transfers of Property to a Third Party on Behalf of a Spouse.
OMB Control Number: 1545-1751.
Type of Review: Extension without change of a currently approved
collection.
Abstract: The regulation sets forth the required information that
will permit spouses or former spouses to treat a redemption by a
corporation of stock of one spouse or former spouse as a transfer of
that stock to the other spouse or former spouse in exchange for the
redemption proceeds and a redemption of the stock from the latter
spouse or former spouse in exchange for the redemption proceeds.
Form: None.
Affected Public: Individuals or Households.
Estimated Total Annual Burden Hours: 500.
Title: Election of Alternative Deficit Reduction Contribution and
Plan Amendments.
OMB Control Number: 1545-1883.
Type of Review: Extension without change of a currently approved
collection.
Abstract: These information collections provides procedures for
electing an alternative deficit reduction contribution, including a
model election form; guidance on the type of notices that must be given
by an employer to plan participants; and guidance on the restrictions
that are placed on plan amendments. This information is used to monitor
and make valid determinations with respect to employers that make an
election for certain plans and make restricted amendments.
Form: None.
Affected Public: Businesses or other-for-profits.
Estimated Total Annual Burden Hours: 13,200.
Title: Notice of Qualified Equity Investment for New Markets
Credit.
OMB Control Number: 1545-2065.
Type of Review: Extension without change of a currently approved
collection.
Abstract: Community Development Entities (CDEs) must provide notice
to any taxpayer who acquires a qualified equity investment in the CDE
at its original issue that the equity investment is a qualified equity
investment entitling the taxpayer to claim the new markets credit. Form
8874-A is used to make the notification as required under Regulations
section 1.45D-1(g)(2)(i)(A).
Form: 8874-A.
Affected Public: Businesses or other for-profits.
Estimated Total Annual Burden Hours: 2,715.
Title: Form 8874-B--Notice of Recapture Event for New Markets
Credit.
OMB Control Number: 1545-2066.
Type of Review: Extension without change of a currently approved
collection.
[[Page 18973]]
Abstract: Form 8874-B is used for qualified Community Development
Entities (CDEs) to provide notification to any taxpayer holder of a
qualified equity investment (including prior holders) that a recapture
event has occurred. This form is used to make the notification as
required under Regulations section 1.45D-1(g)(2)(i)(B).
Form: 8874-B.
Affected Public: Businesses or other for-profits.
Estimated Total Annual Burden Hours: 2,755.
Title: S Corporation Guidance under AJCA of 2004 (TD 9422 Final--
REG-143326-05).
OMB Control Number: 1545-2114.
Type of Review: Extension without change of a currently approved
collection.
Abstract: This document contains final regulations that provide
guidance regarding certain changes made to the rules governing S
corporations under the American Jobs Creation Act of 2004 and the Gulf
Opportunity Zone Act of 2005. The final regulations replace obsolete
references in the current regulations and allow taxpayers to make
proper use of the provisions that made changes to prior law. The final
regulations include guidance on the S corporation family shareholder
rules, the definitions of ``powers of appointment'' and ``potential
current beneficiaries'' (PCBs) with regard to electing small business
trusts (ESBTs), the allowance of suspended losses to the spouse or
former spouse of an S corporation shareholder, and relief for
inadvertently terminated or invalid qualified subchapter S subsidiary
(QSub) elections. The final regulations affect S corporations and their
shareholders.
Form: None.
Affected Public: Businesses or other for-profits.
Estimated Total Annual Burden Hours: 26,000.
Title: Qualifying Advanced Energy Project Credit--Notice 2013-12.
OMB Control Number: 1545-2151.
Type of Review: Extension without change of a currently approved
collection.
Abstract: This notice supersedes Notice 2009-72 and establishes the
qualifying advanced energy project program (``advanced energy
program'') under Sec. 48C(d) of the Internal Revenue Code and
announces an initial allocation round of the qualifying advanced energy
project credit (``advanced energy credit'') to qualifying advanced
energy projects under the advanced energy program. A qualifying
advanced energy project re-equips, expands, or establishes a
manufacturing facility for the production of certain energy related
property. A taxpayer must submit, for each qualifying advanced energy
project: (1) An application for certification by the DOE (``application
for DOE certification''), and (2) an application for certification
under Sec. 48C(d)(2) by the Service (``application for Sec. 48C
certification''). Both applications may be submitted only during the 2-
year period beginning on August 14, 2009. Certification will be issued
and credits will be allocated to projects in annual allocation rounds.
The initial allocation round was conducted in 2009-10, and if
necessary, additional allocation rounds in 2010-11.
Form: None.
Affected Public: Businesses or other for-profits.
Estimated Total Annual Burden Hours: 55,000.
Title: Notice 2010-30/Notice 2012-41--Transitional Guidance for
Taxpayers Claiming Relief Under the Military Spouses Residency Relief
Act for Taxable Year 2009 and Subsequent Years.
OMB Control Number: 1545-2169.
Type of Review: On April 15, 2010, the Department of the Treasury
(Treasury Department) and the Internal Revenue Service (IRS) published
Notice 2010-30, 2010-18 I.R.B. 650, which provides relief and
procedures for certain taxpayers who are spouses (civilian spouses) of
active duty members of the uniformed services (service members). The
relief and procedures were made available to civilian spouses who (A)
accompany their service member spouses to a military duty station in
American Samoa, Guam, the Northern Mariana Islands (NMI), Puerto Rico,
or the U.S. Virgin Islands (USVI) (each a ``U.S. territory'') and claim
residence or domicile (tax residence) in one of the 50 States or the
District of Columbia under the Military Spouses Residency Relief Act
(MSRRA) or (B) accompany their service member spouses to a military
duty station in one of the 50 States or the District of Columbia and
claim tax residence in a U.S. territory under MSRRA. The relief and
procedures set forth in Notice 2010-30 were initially available for the
taxable year 2009. On June 07, 2012, the Treasury Department and the
IRS published Notice 2012-41, which extended the relief and procedures
announced in Notice 2010-30 to the subsequent taxable years. This
notice further extends the relief set forth in Notice 2010-30 for
civilian spouses described in the prior paragraph to taxable years
beginning after November 11, 2010 and subsequent calendar years, and
provides that such civilian spouses should follow the applicable
procedures described in Notice 2010-30.
Form: None.
Affected Public: Individuals or Households.
Estimated Total Annual Burden Hours: 6,200.
Title: Hiring Incentives to Restore Employment (HIRE) Act Employee
Affidavit.
OMB Control Number: 1545-2173.
Type of Review: Extension without change of a currently approved
collection.
Abstract: This form was created in response to the Hiring
Incentives to Restore Employment (HIRE) Act, which was signed on March
18, 2010. The form was developed as a template for the convenience of
employers who must collect affidavits from qualifying employees. The
form is not filed; rather an employer must retain the affidavit in
order to justify claiming certain HIRE Act benefits. A model form is
needed as soon as possible so that employers can begin confidently
claiming payroll exemptions.
Form: W-11.
Affected Public: Businesses or other for-profits.
Estimated Total Annual Burden Hours: 227,000.
Authority: 44 U.S.C. 3501 et seq.
Dated: April 19, 2017.
Jennifer P. Leonard,
Treasury PRA Clearance Officer.
[FR Doc. 2017-08203 Filed 4-21-17; 8:45 am]
BILLING CODE 4830-01-P
