Agency Information Collection Activities; Submission for OMB Review; Comment Request; Multiple IRS Information Collection Requests, 22387-22388 [2017-09761]

Download as PDF jstallworth on DSK7TPTVN1PROD with NOTICES Federal Register / Vol. 82, No. 92 / Monday, May 15, 2017 / Notices recapture of overall domestic losses that was enacted as part of the American Jobs Creation Act of 2004 (AJCA). In addition, the regulation provides updated guidance with respect to overall foreign losses and separate limitation losses, and affect individuals and corporations claiming foreign tax credits, as updated. T.D. 9595 supersedes T.D. 9371 and T.D. 8833. Current Actions: There are no changes to the existing regulation. Type of Review: Extension of a currently approved collection. Affected Public: Business or other forprofit organizations. Estimated Number of Respondents: 2,000. Estimated Average Time per Respondent: 1 hr., 30 min. Estimated Total Annual Burden Hours: 3,000. 3. Title: Biodiesel and Aviation-Grade Kerosene. OMB Number: 1545–1915. Notice Number: Notice 2005–4. Abstract: Notice 2005–04 provides guidance on certain excise tax Code provisions that were added or effected by the American Jobs Creation Act of 2004. The information will be used by the IRS to verify that the proper amount of tax is reported, excluded, refunded, or credited. This notice is modified and expanded by Notices 2005–24, 2005–62, and 2005–80. Current Actions: There are no changes being made to the notice at this time. Type of Review: Extension of a currently approved collection. Affected Public: Business or other forprofit organizations, not-for-profit institutions, farms, Federal, state, local or tribal governments. Estimated Number of Responses: 157,963. Estimated Time per Respondent: .48 hours. Estimated Total Annual Burden Hours: 76,190. 4. Title: Demonstration Automobile Use. OMB Number: 1545–1756. Revenue Procedure Number: Revenue Procedure 2001–56. Abstract: Revenue Procedure 2001–56 provides optional simplified methods for determining the value of the use of demonstration automobiles provided to employees by automobile dealerships. Current Actions: There are no changes being made to this revenue procedure at this time. Type of Review: Extension of a currently approved collection. Affected Public: Business or other forprofit organizations. Estimated Number of Respondents: 20,000. VerDate Sep<11>2014 13:51 May 12, 2017 Jkt 241001 Estimated Time per Respondent: 5 hours. Estimated Total Annual Burden Hours: 100,000. 5. Title: Limited Payability Claim Against the United States For Proceeds of An Internal Revenue Refund Check. OMB Number: 1545–2024. Form Number: Form-13818. Abstract: This form is used by taxpayers for completing a claim against the United States for the proceeds of an Internal Revenue refund check. Current Actions: There is no change in the paperwork burden previously approved by OMB. This form is being submitted for renewal purposes only. Type of Review: Extension of a currently approved collection. Affected Public: Individuals or households, Businesses and other forprofit organizations. Estimated Number of Respondents: 4,000. Estimated Time per Respondent: 1 hour. Estimated Total Annual Burden Hours: 4,000. 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. Approved: May 8, 2017. Laurie Brimmer, Senior Tax Analyst. [FR Doc. 2017–09765 Filed 5–12–17; 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 SUMMARY: PO 00000 Frm 00083 Fmt 4703 Sfmt 4703 22387 public is invited to submit comments on the collection(s) listed below. DATES: Comments should be received on or before June 14, 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: TD 8586 (Final) Treatment of Gain From Disposition of Certain Natural Resource Recapture Property. OMB Control Number: 1545–1352. Type of Review: Extension without change of a currently approved collection. Abstract: This regulation prescribes rules for determining the tax treatment of gain from the disposition of natural resource recapture property in accordance with Internal Revenue Code section 1254. Gain is treated as ordinary income in an amount equal to the intangible drilling and development costs and depletion deductions taken with respect to the property. The information that taxpayers are required to retain will be used by the IRS to determine whether a taxpayer has properly characterized gain on the disposition of section 1254 property. Form: TD 8586. Affected Public: Businesses or other for-profits. Estimated Total Annual Burden Hours: 2,000. Title: REG–209619–93 (Final—TD 9249) Escrow Funds and Other Similar Funds. OMB Control Number: 1545–1631. Type of Review: Extension without change of a currently approved collection. Abstract: Section 468B(g) requires that income earned on escrow accounts, settlement funds, and similar funds be subject to current taxation. This section authorizes the Secretary to issue regulations providing for the current E:\FR\FM\15MYN1.SGM 15MYN1 22388 Federal Register / Vol. 82, No. 92 / Monday, May 15, 2017 / Notices jstallworth on DSK7TPTVN1PROD with NOTICES taxation of these accounts and funds as grantor trusts or otherwise. The regulations would amend the final regulations for qualified settlement funds (QFSs) and would provide new rules for qualified escrows and qualified trusts used in deferred section 1031 exchanges; pre-closing escrows; contingent at-closing escrows; and disputed ownership funds. Form: None. Affected Public: Businesses or other for-profits. Estimated Total Annual Burden Hours: 3,720. Title: Form 13094—Recommendation for Juvenile Employment with the Internal Revenue Service. OMB Control Number: 1545–1746. Type of Review: Extension without change of a currently approved collection. Abstract: The data collected on the form provides the Internal Revenue Service with a consistent method for making suitability determination on juveniles for employment within the Service. Form: 13094. Affected Public: Individuals or Households. VerDate Sep<11>2014 13:51 May 12, 2017 Jkt 241001 Estimated Total Annual Burden Hours: 208. Title: TD 9168—Optional 10-Year Write-off of Certain Tax Preferences (REG–124405–03). OMB Control Number: 1545–1903. Type of Review: Extension without change of a currently approved collection. Abstract: Internal Revenue Code § 59(e) contains final regulations relating to the optional 10- year write off of certain tax preference items under section 59(e) of the Internal Revenue Code (Code). The final regulations affect taxpayers who utilize section 59(e) for the optional 10-year write off of certain tax preferences. These final regulations provide guidance on the time and manner of making an election under section 59(e). The regulations also provide guidance on revoking an election under section 59(e). The regulations reflect changes to the law made by the Tax Reform Act of 1986, the Technical and Miscellaneous Revenue Act of 1988, and the Omnibus Budget Reconciliation Act of 1989. Form: None. Affected Public: Individuals or Households. PO 00000 Frm 00084 Fmt 4703 Sfmt 9990 Estimated Total Annual Burden Hours: 10,000. Title: TD 9289 (Final) Treatment of Disregarded Entities Under Section 752. OMB Control Number: 1545–1905. Type of Review: Extension without change of a currently approved collection. Abstract: Generally, the final regulations recognize that only the assets of a disregarded entity that limits its member’s liability are available to satisfy creditors’ claims under local law. The regulations provide rules under section 752 for taking into account the net value of a disregarded entity owned by a partner or related person for purposes of allocating, partnership liabilities. Form: None. Affected Public: Businesses or other for-profits. Estimated Total Annual Burden Hours: 3,000. Authority: 44 U.S.C. 3501 et seq. Dated: May 10, 2017. Jennifer P. Leonard, Treasury PRA Clearance Officer. [FR Doc. 2017–09761 Filed 5–12–17; 8:45 am] BILLING CODE 4830–01–P E:\FR\FM\15MYN1.SGM 15MYN1

Agencies

[Federal Register Volume 82, Number 92 (Monday, May 15, 2017)]
[Notices]
[Pages 22387-22388]
From the Federal Register Online via the Government Publishing Office [www.gpo.gov]
[FR Doc No: 2017-09761]


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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 June 14, 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: TD 8586 (Final) Treatment of Gain From Disposition of 
Certain Natural Resource Recapture Property.
    OMB Control Number: 1545-1352.
    Type of Review: Extension without change of a currently approved 
collection.
    Abstract: This regulation prescribes rules for determining the tax 
treatment of gain from the disposition of natural resource recapture 
property in accordance with Internal Revenue Code section 1254. Gain is 
treated as ordinary income in an amount equal to the intangible 
drilling and development costs and depletion deductions taken with 
respect to the property. The information that taxpayers are required to 
retain will be used by the IRS to determine whether a taxpayer has 
properly characterized gain on the disposition of section 1254 
property.
    Form: TD 8586.
    Affected Public: Businesses or other for-profits.
    Estimated Total Annual Burden Hours: 2,000.
    Title: REG-209619-93 (Final--TD 9249) Escrow Funds and Other 
Similar Funds.
    OMB Control Number: 1545-1631.
    Type of Review: Extension without change of a currently approved 
collection.
    Abstract: Section 468B(g) requires that income earned on escrow 
accounts, settlement funds, and similar funds be subject to current 
taxation. This section authorizes the Secretary to issue regulations 
providing for the current

[[Page 22388]]

taxation of these accounts and funds as grantor trusts or otherwise. 
The regulations would amend the final regulations for qualified 
settlement funds (QFSs) and would provide new rules for qualified 
escrows and qualified trusts used in deferred section 1031 exchanges; 
pre-closing escrows; contingent at-closing escrows; and disputed 
ownership funds.
    Form: None.
    Affected Public: Businesses or other for-profits.
    Estimated Total Annual Burden Hours: 3,720.
    Title: Form 13094--Recommendation for Juvenile Employment with the 
Internal Revenue Service.
    OMB Control Number: 1545-1746.
    Type of Review: Extension without change of a currently approved 
collection.
    Abstract: The data collected on the form provides the Internal 
Revenue Service with a consistent method for making suitability 
determination on juveniles for employment within the Service. Form: 
13094.
    Affected Public: Individuals or Households.
    Estimated Total Annual Burden Hours: 208.
    Title: TD 9168--Optional 10-Year Write-off of Certain Tax 
Preferences (REG-124405-03).
    OMB Control Number: 1545-1903.
    Type of Review: Extension without change of a currently approved 
collection.
    Abstract: Internal Revenue Code Sec.  59(e) contains final 
regulations relating to the optional 10- year write off of certain tax 
preference items under section 59(e) of the Internal Revenue Code 
(Code). The final regulations affect taxpayers who utilize section 
59(e) for the optional 10-year write off of certain tax preferences. 
These final regulations provide guidance on the time and manner of 
making an election under section 59(e). The regulations also provide 
guidance on revoking an election under section 59(e). The regulations 
reflect changes to the law made by the Tax Reform Act of 1986, the 
Technical and Miscellaneous Revenue Act of 1988, and the Omnibus Budget 
Reconciliation Act of 1989.
    Form: None.
    Affected Public: Individuals or Households.
    Estimated Total Annual Burden Hours: 10,000.
    Title: TD 9289 (Final) Treatment of Disregarded Entities Under 
Section 752.
    OMB Control Number: 1545-1905.
    Type of Review: Extension without change of a currently approved 
collection.
    Abstract: Generally, the final regulations recognize that only the 
assets of a disregarded entity that limits its member's liability are 
available to satisfy creditors' claims under local law. The regulations 
provide rules under section 752 for taking into account the net value 
of a disregarded entity owned by a partner or related person for 
purposes of allocating, partnership liabilities.
    Form: None.
    Affected Public: Businesses or other for-profits.
    Estimated Total Annual Burden Hours: 3,000.

    Authority:  44 U.S.C. 3501 et seq.

    Dated: May 10, 2017.
Jennifer P. Leonard,
Treasury PRA Clearance Officer.
[FR Doc. 2017-09761 Filed 5-12-17; 8:45 am]
 BILLING CODE 4830-01-P
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