Proposed Collection; Comment Request for Information Collection Tools, 61830-61831 [2012-24946]

Download as PDF pmangrum on DSK3VPTVN1PROD with NOTICES 61830 Federal Register / Vol. 77, No. 197 / Thursday, October 11, 2012 / Notices and foreign investors who engage in multi-party financing arrangements. Current Actions: There are no changes to the previously approved burden of this existing collection. Type of Review: Extension of a currently approved collection. Affected Public: Business or other forprofit organizations. Estimated Number of Respondents: 1,000. Estimated Time Per Respondent: 10 min. Estimated Total Annual Burden Hours: 10,000. (2) Title: Form 8871, Political Organization Notice of Section 527 Status; Form 8453–X, Political Organization Declaration for Electronic Filing of Notice of Section 527 Status. OMB Number: 1545–1693. Form Number: Forms 8871 and 8453– X. Abstract: Public Law 106–230 as amended by Public Law 107–276, amended Internal Revenue Code section 527(i) to require certain political organizations to provide information to the IRS regarding their name and address, their purpose, and the names and addresses of their officers, highly compensated employees, Board of Directors, and related entities within the meaning of section 168(h)(4)). Forms 8871 and 8453–X are used to report this information to the IRS. Current Actions: There are no changes being made to the revenue procedure at this time. Type of Review: Extension of a currently approved collection. Affected Public: Not-for-profit institutions. Estimated Number of Respondents: 5,000. Estimated Time per Respondent: 7 hrs., 2 min. Estimated Total Annual Reporting Burden hours: 35,195. (3) Title: Deferred Compensation Plans of State and Local Governments and Tax-Exempt Organizations. OMB Number: 1545–1695. Form Number: Revenue Ruling 2000– 33. Abstract: Revenue Ruling 2000–33 specifies the conditions the plan sponsor should meet to automatically defer a certain percentage of its employees’ compensation into their accounts in an eligible deferred compensation plan. Current Actions: There is no change in the paperwork burden previously approved by OMB. Type of Review: Extension of a currently approved collection. Affected Public: Not-for-profit institutions, and state, local or tribal governments. VerDate Mar<15>2010 14:03 Oct 10, 2012 Jkt 229001 Estimated Number of Respondents: 500. Estimated Time per Respondent: 60 min. Estimated Total Annual Burden Hours: 500. (4) Title: Deduction for Energy Efficient Commercial Buildings. OMB Number: 1545–2004. Form Number: Notice 2006–52. Abstract: This notice sets forth a process that allows the owner of energy efficient commercial building property to certify that the property satisfies the requirements of § 179D(c)(1) and (d). This notice also provides a procedure whereby the developer of computer software may certify to the Internal Revenue Service that the software is acceptable for use in calculating energy and power consumption for purposes of § 179D of the Code. Current Actions: There is no change in the paperwork burden previously approved by OMB. Type of Review: Extension of a currently approved collection. Affected Public: Individuals or households, Businesses and other forprofit organizations. Estimated Number of Respondents: 21,767. Estimated Time per Respondent: 1 hr., 40 min. Estimated Total Annual Burden Hours: 3,761. (5) Title: Guidance Necessary to Facilitate Business Election Filing. OMB Number: 1545–2019. Form Number: REG–161919–05. Abstract: This regulation provides guidance to taxpayers for determining which corporations are included in a controlled group of corporations. Current Actions: There is no change in the paperwork burden previously approved by OMB. Type of Review: Extension of a currently approved collection. Affected Public: Business or other forprofit organizations. Estimated Number of Respondents: 350,000. Estimated Time per Respondent: 45 min. Estimated Total Annual Burden Hours: 262,500. 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 PO 00000 Frm 00095 Fmt 4703 Sfmt 4703 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: October 4, 2012. R. Joseph Durbala, IRS Reports Clearance Officer. [FR Doc. 2012–25043 Filed 10–10–12; 8:45 am] BILLING CODE 4830–01–P DEPARTMENT OF THE TREASURY Internal Revenue Service Proposed Collection; Comment Request for Information Collection Tools 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 8876, Excise Tax on Structured Settlement Factoring Transactions; Form 944–SS, Employer’s ANNUAL Federal Tax Return (American Samoa, Guam, the Northern Mariana Islands, and the U.S. Virgin Islands, and Form 944–PR, Planilla para la Declaracion ANNUAL de la Cotribucion Federal del Patrono; Form 1099–MISC, Miscellaneous Income; Form 1099– SUMMARY: E:\FR\FM\11OCN1.SGM 11OCN1 pmangrum on DSK3VPTVN1PROD with NOTICES Federal Register / Vol. 77, No. 197 / Thursday, October 11, 2012 / Notices PATR, Taxable Distributions Received From Cooperatives; and Letter 109C, Return Requesting Refund Unlocatable or Not Filed; Send Copy. DATES: Written comments should be received on or before December 10, 2012 to be assured of consideration. ADDRESSES: Direct all written comments to Yvette Lawrence, Internal Revenue Service, room 6129, 1111 Constitution Avenue NW., Washington, DC 20224. Please send separate comments for each specific information collection listed below. You must reference the information collection’s title, form number, reporting or record-keeping requirement number, and OMB number (if any) in your comment. FOR FURTHER INFORMATION CONTACT: Requests for additional information or copies of the collection tools should be directed to R. Joseph Durbala, Internal Revenue Service, room 6129, 1111 Constitution Avenue NW., Washington, DC 20224, or at (202) 622–3634, or through the internet at RJoseph.Durbala@irs.gov. SUPPLEMENTARY INFORMATION: Currently, the IRS is seeking comments concerning the following information collection tools, reporting, and record-keeping requirements: (1) Title: Excise Tax on Structured Settlement Factoring Transactions. OMB Number: 1545–1826. Form Number: 8876. Abstract: Form 8876 is used to report structured settlement transactions and pay the applicable excise tax. Current Actions: There are no changes to the previously approved burden of this existing collection. Type of Review: Extension of a currently approved collection. Affected Public: Business or other forprofit organizations and individuals. Estimated Number of Respondents: 100. Estimated Time per Respondent: 5 hrs., 36 min. Estimated Total Annual Burden Hours: 560. (2) Title: Employer’s ANNUAL Federal Tax Return (American Samoa, Guam, the Northern Mariana Islands, and the U.S. Virgin Islands and Form 944–PR, Planilla para la Declaracion ANNUAL de la Cotribucion Federal del Patrono. OMB Number: 1545–2010. Form Number: Form 944–SS and Form 944–PR. Abstract: Form 944–SS and Form 944–PR are designed so the smallest employers (those whose annual liability for social security and Medicare taxes is $1,000 or less) will have to file and pay these taxes only once a year instead of every quarter. VerDate Mar<15>2010 14:03 Oct 10, 2012 Jkt 229001 Current Actions: There are no changes being made to the revenue procedure at this time. Type of Review: Extension of a currently approved collection. Affected Public: Business or other forprofit organizations, and Farms. Estimated Number of Respondents: 20,000. Estimated Time per Respondent: 9 hrs., 34 min. Estimated Total Annual Reporting Burden hours: 191,200. (3) Title: Miscellaneous Income. OMB Number: 1545–0115. Form Number: 1099–MISC. Abstract: Form 1099–MISC is used by payers to report payments of $600 or more of rents, prizes and awards, medical and health care payments, nonemployee compensation, and crop insurance proceeds, $10 or more of royalties, any amount of fishing boat proceeds, certain substitute payments, golden parachute payments, and an indication of direct sales of $5,000 or more. Current Actions: There is no change in the paperwork burden previously approved by OMB. Type of Review: Extension of a currently approved collection. Affected Public: Business or other forprofit organizations. Estimated Number of Respondents: 79,480,844. Estimated Time per Respondent: 18 min. Estimated Total Annual Burden Hours: 24,639,062. (4) Title: Taxable Distributions Received From Cooperatives. OMB Number: 1545–0118. Form Number: 1099–PATR. Abstract: Form 1099–PATR is used to report patronage dividends paid by cooperatives in accordance with Internal Revenue Code section 6044. The information is used by IRS to verify reporting compliance on the part of the recipient. Current Actions: There is no change in the paperwork burden previously approved by OMB. Type of Review: Extension of a currently approved collection. Affected Public: Business or other forprofit organizations. Estimated Number of Respondents: 1,961,131. Estimated Time per Respondent: 15 min. Estimated Total Annual Burden Hours: 509,895. (5) Title: Return Requesting Refund Unlocatable or Not Filed; Send Copy. OMB Number: 1545–0393. Form Number: 109C. Abstract: If a taxpayer inquires about not receiving a refund and no return is PO 00000 Frm 00096 Fmt 4703 Sfmt 9990 61831 found, this letter is sent requesting the taxpayer to file another return. The taxpayer must complete an affidavit stating that if they receive a second refund check, it will be return to the IRS. Current Actions: There is no change in the paperwork burden previously approved by OMB. Type of Review: Extension of a currently approved collection. Affected Public: Individuals or households, business or other for-profit organizations, not-for-profit institutions. Estimated Number of Respondents: 18,233. Estimated Time per Respondent: 5 min. Estimated Total Annual Burden Hours: 1,513. 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: October 3, 2012. R. Joseph Durbala, IRS Reports Clearance Officer. [FR Doc. 2012–24946 Filed 10–10–12; 8:45 am] BILLING CODE 4830–01–P E:\FR\FM\11OCN1.SGM 11OCN1

Agencies

[Federal Register Volume 77, Number 197 (Thursday, October 11, 2012)]
[Notices]
[Pages 61830-61831]
From the Federal Register Online via the Government Printing Office [www.gpo.gov]
[FR Doc No: 2012-24946]


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DEPARTMENT OF THE TREASURY

Internal Revenue Service


Proposed Collection; Comment Request for Information Collection 
Tools

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 8876, Excise Tax on Structured Settlement Factoring Transactions; 
Form 944-SS, Employer's ANNUAL Federal Tax Return (American Samoa, 
Guam, the Northern Mariana Islands, and the U.S. Virgin Islands, and 
Form 944-PR, Planilla para la Declaracion ANNUAL de la Cotribucion 
Federal del Patrono; Form 1099-MISC, Miscellaneous Income; Form 1099-

[[Page 61831]]

PATR, Taxable Distributions Received From Cooperatives; and Letter 
109C, Return Requesting Refund Unlocatable or Not Filed; Send Copy.

DATES: Written comments should be received on or before December 10, 
2012 to be assured of consideration.

ADDRESSES: Direct all written comments to Yvette Lawrence, Internal 
Revenue Service, room 6129, 1111 Constitution Avenue NW., Washington, 
DC 20224. Please send separate comments for each specific information 
collection listed below. You must reference the information 
collection's title, form number, reporting or record-keeping 
requirement number, and OMB number (if any) in your comment.

FOR FURTHER INFORMATION CONTACT: Requests for additional information or 
copies of the collection tools should be directed to R. Joseph Durbala, 
Internal Revenue Service, room 6129, 1111 Constitution Avenue NW., 
Washington, DC 20224, or at (202) 622-3634, or through the internet at 
RJoseph.Durbala@irs.gov.

SUPPLEMENTARY INFORMATION: Currently, the IRS is seeking comments 
concerning the following information collection tools, reporting, and 
record-keeping requirements:
    (1) Title: Excise Tax on Structured Settlement Factoring 
Transactions.
    OMB Number: 1545-1826.
    Form Number: 8876.
    Abstract: Form 8876 is used to report structured settlement 
transactions and pay the applicable excise tax.
    Current Actions: There are no changes to the previously approved 
burden of this existing collection.
    Type of Review: Extension of a currently approved collection.
    Affected Public: Business or other for-profit organizations and 
individuals.
    Estimated Number of Respondents: 100.
    Estimated Time per Respondent: 5 hrs., 36 min.
    Estimated Total Annual Burden Hours: 560.
    (2) Title: Employer's ANNUAL Federal Tax Return (American Samoa, 
Guam, the Northern Mariana Islands, and the U.S. Virgin Islands and 
Form 944-PR, Planilla para la Declaracion ANNUAL de la Cotribucion 
Federal del Patrono.
    OMB Number: 1545-2010.
    Form Number: Form 944-SS and Form 944-PR.
    Abstract: Form 944-SS and Form 944-PR are designed so the smallest 
employers (those whose annual liability for social security and 
Medicare taxes is $1,000 or less) will have to file and pay these taxes 
only once a year instead of every quarter.
    Current Actions: There are no changes being made to the revenue 
procedure at this time.
    Type of Review: Extension of a currently approved collection.
    Affected Public: Business or other for-profit organizations, and 
Farms.
    Estimated Number of Respondents: 20,000.
    Estimated Time per Respondent: 9 hrs., 34 min.
    Estimated Total Annual Reporting Burden hours: 191,200.
    (3) Title: Miscellaneous Income.
    OMB Number: 1545-0115.
    Form Number: 1099-MISC.
    Abstract: Form 1099-MISC is used by payers to report payments of 
$600 or more of rents, prizes and awards, medical and health care 
payments, nonemployee compensation, and crop insurance proceeds, $10 or 
more of royalties, any amount of fishing boat proceeds, certain 
substitute payments, golden parachute payments, and an indication of 
direct sales of $5,000 or more.
    Current Actions: There is no change in the paperwork burden 
previously approved by OMB.
    Type of Review: Extension of a currently approved collection.
    Affected Public: Business or other for-profit organizations.
    Estimated Number of Respondents: 79,480,844.
    Estimated Time per Respondent: 18 min.
    Estimated Total Annual Burden Hours: 24,639,062.
    (4) Title: Taxable Distributions Received From Cooperatives.
    OMB Number: 1545-0118.
    Form Number: 1099-PATR.
    Abstract: Form 1099-PATR is used to report patronage dividends paid 
by cooperatives in accordance with Internal Revenue Code section 6044. 
The information is used by IRS to verify reporting compliance on the 
part of the recipient.
    Current Actions: There is no change in the paperwork burden 
previously approved by OMB.
    Type of Review: Extension of a currently approved collection.
    Affected Public: Business or other for-profit organizations.
    Estimated Number of Respondents: 1,961,131.
    Estimated Time per Respondent: 15 min.
    Estimated Total Annual Burden Hours: 509,895.
    (5) Title: Return Requesting Refund Unlocatable or Not Filed; Send 
Copy.
    OMB Number: 1545-0393.
    Form Number: 109C.
    Abstract: If a taxpayer inquires about not receiving a refund and 
no return is found, this letter is sent requesting the taxpayer to file 
another return. The taxpayer must complete an affidavit stating that if 
they receive a second refund check, it will be return to the IRS.
    Current Actions: There is no change in the paperwork burden 
previously approved by OMB.
    Type of Review: Extension of a currently approved collection.
    Affected Public: Individuals or households, business or other for-
profit organizations, not-for-profit institutions.
    Estimated Number of Respondents: 18,233.
    Estimated Time per Respondent: 5 min.
    Estimated Total Annual Burden Hours: 1,513.
    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: October 3, 2012.
R. Joseph Durbala,
IRS Reports Clearance Officer.
[FR Doc. 2012-24946 Filed 10-10-12; 8:45 am]
BILLING CODE 4830-01-P

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