Proposed Collection; Comment Request for Regulation Project, 76892-76893 [2013-30123]

Download as PDF 76892 Federal Register / Vol. 78, No. 244 / Thursday, December 19, 2013 / Notices the FRA.6 In general, section 23B requires affiliate transactions to be made on terms and under circumstances that are substantially the same, or at least as favorable to the IDI, as comparable transactions involving nonaffiliated companies or, in the absence of comparable transactions, on terms and circumstances that would in good faith be offered to non-affiliated companies.7 Tax allocation agreements should require the holding company to forward promptly any payment due the IDI under the tax allocation agreement and specify the timing of such payment. Agreements that allow a holding company to hold and not promptly transmit tax refunds received from the taxing authority and owed to an IDI are inconsistent with the requirements of section 23B and subject to supervisory action. However, an Agency’s determination of whether such provision, or the tax allocation agreement in total, is consistent with section 23B will be based on the facts and circumstances of the particular tax allocation agreement and any associated refund. Dated: December 9, 2013. Thomas J. Curry, Comptroller of the Currency. By order of the Board of Governors of the Federal Reserve System. December 12, 2013. Robert deV. Frierson, Secretary of the Board. By order of the Board of Directors. Federal Deposit Insurance Corporation. Dated at Washington, DC this 30th day of October, 2013. Robert E. Feldman, Executive Secretary. [FR Doc. 2013–30130 Filed 12–18–13; 8:45 am] BILLING CODE 4810–33–P;6210–01–P;6714–01–P DEPARTMENT OF THE TREASURY Internal Revenue Service Proposed Collection; Comment Request for Form W–12 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 emcdonald on DSK67QTVN1PROD with NOTICES SUMMARY: 6 Section 23A requires, among other things, that loans and extensions of credit from a bank to its affiliates be properly collateralized. 12 U.S.C. 371c(c). 7 12 U.S.C. 371c–1(a). Transactions subject to section 23B include the payment of money by a bank to an affiliate under contract, lease, or otherwise and transactions in which the affiliate acts as agent of the bank. Id. at § 371c–1(a)(2) & (a)(4). VerDate Mar<15>2010 16:41 Dec 18, 2013 Jkt 232001 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 W–12 IRS Paid Preparer Tax Identification Number (PTIN). DATES: Written comments should be received on or before February 18, 2014 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. FOR FURTHER INFORMATION CONTACT: Requests for additional information or copies of the form and instructions should be directed to Katherine Dean, at Internal Revenue Service, room 6242, 1111 Constitution Avenue NW., Washington, DC 20224, or through the internet at katherine.b.dean@irs.gov. SUPPLEMENTARY INFORMATION: Title: IRS Paid Preparer Tax Identification Number (PTIN). OMB Number: 1545–2190. Form Number: Form W–12. Abstract: Paid tax return preparers are required to get a preparer tax identification number (PTIN), and to pay the fee required with the application. A third party administers the PTIN application process. Most applications are filled out on-line. Form W–12 is used to collect the information required by the regulations, and to collect the information the third party needs to administer the PTIN application process. 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: Businesses and other for-profit organizations. Estimated Number of Respondents: 1,200,000. Estimated Total Annual Burden Hours: 1,464,000. 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. Request for Comments: Comments submitted in response to this notice will PO 00000 Frm 00083 Fmt 4703 Sfmt 4703 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: November 22, 2013. Yvette Lawrence, OMB Reports Clearance Officer. [FR Doc. 2013–30122 Filed 12–18–13; 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 Final Regulation, TD 9467, Measurement of Assets and Liabilities for Pension Funding Purposes. DATES: Written comments should be received on or before February 18, 2014 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. FOR FURTHER INFORMATION CONTACT: Requests for additional information or copies of the regulations should be directed to Katherine Dean at Internal SUMMARY: E:\FR\FM\19DEN1.SGM 19DEN1 emcdonald on DSK67QTVN1PROD with NOTICES Federal Register / Vol. 78, No. 244 / Thursday, December 19, 2013 / Notices Revenue Service, room 6242, 1111 Constitution Avenue NW., Washington, DC 20224, or through the internet at katherine.b.dean@irs.gov. SUPPLEMENTARY INFORMATION: Title: Measurement of Assets and Liabilities for Pension Funding Purposes. OMB Number: 1545–2095. Regulation Project Number: REG– 139236–07 (TD 9467). Abstract: (These final regulations were issued in two separate NPRMs, which received separate OMB control numbers of 1545–2095 and 1545–2112. The NPRMs have been combined into a single set of final regulations and the IRS is changing the Information Collection Request (ICR) under OMB control number 1545–2095 and abandoning the ICR under OMB control number 1545–2112. The collections that were under 1545–2112 are being added to 1545–2095.) In order to implement the statutory provisions under sections 430 and 436, this final regulation contains collections of information in §§ 1.430(f)–1(f), 1.430(h)(2)–1(e), 1.436–1(f), and 1.436– 1(h). The information required under § 1.430(f)–1(f) is required in order for plan sponsors to make elections regarding a plan’s credit balances upon occasion. The information under § 1.430(g)–1(d)(3) is required in order for a plan sponsor to include as a plan asset a contribution made to avoid a restriction under section 436. The information required under § 1.430(h)(2)–1(e) is required in order for a plan sponsor to make an election to use an alternative interest rate for purposes of determining a plan’s funding obligations under § 1.430(h)(2)– 1. The information required under §§ 1.436–1(f) and 1.436–1(h) is required in order for a qualified defined benefit plan’s enrolled actuary to provide a timely certification of the plan’s adjusted funding target attainment percentage (AFTAP) for each plan year to avoid certain benefit restrictions. Current Actions: There is no change to this existing regulation. Type of Review: Revision of a currently approved collection. Affected Public: Individuals, business or other for-profit organizations, not-forprofit institutions and Federal, state, local or tribal governments. Estimated Number of Respondents: 72,000. Estimated Time per Respondent: 1.5 hrs. Estimated Total Annual Burden Hours: 54,000. The following paragraph applies to all of the collections of information covered by this notice: VerDate Mar<15>2010 16:41 Dec 18, 2013 Jkt 232001 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: November 22, 2013. Yvette Lawrence, OMB Reports Clearance Officer. [FR Doc. 2013–30123 Filed 12–18–13; 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 Final Regulation, TD 8796, Notice, Consent, and Election SUMMARY: PO 00000 Frm 00084 Fmt 4703 Sfmt 4703 76893 Requirements Under Sections 411(a)(11) and 417 (§§ 1.411(a)–11T and 1.417(e)– 1T). DATES: Written comments should be received on or before February 18, 2014 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. FOR FURTHER INFORMATION CONTACT: Requests for additional information or copies of the regulations should be directed to Katherine Dean at Internal Revenue Service, room 6242, 1111 Constitution Avenue NW., Washington, DC 20224, or through the internet at katherine.b.dean@irs.gov. SUPPLEMENTARY INFORMATION: Title: Notice, Consent, and Election Requirements Under Sections 411(a)(11) and 417. OMB Number: 1545–1471. Regulation Project Number: REG– 209626–93 (TD 8796). Abstract: These regulations provide guidance concerning the notice consent requirements under Code section 411(a)(11) and the notice and election requirements of Code section 4l7, Regulation section 1.411(a)–11(c) provides that a participant’s consent to a distribution under code section 411(a)(11) is not valid unless the participant receives a notice of his or her rights under the plan no more than 90 and no less than 30 days prior to the annuity starting date. Regulation section 1.417(e)–1 sets forth the same 90/30-day time period for providing the notice explaining the qualified joint and survivor annuity and waiver rights under Code section 417(a)(3). Current Actions: There is no change to this existing regulation. Type of Review: Extension of a currently approved collection. Affected Public: Individuals, business or other for-profit organizations, not-forprofit institutions and Federal, state, local or tribal governments. Estimated Number of Respondents: 750.000. Estimated Time per Respondent: .011 hr. Estimated Total Annual Burden Hours: 8,333. 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 E:\FR\FM\19DEN1.SGM 19DEN1

Agencies

[Federal Register Volume 78, Number 244 (Thursday, December 19, 2013)]
[Notices]
[Pages 76892-76893]
From the Federal Register Online via the Government Printing Office [www.gpo.gov]
[FR Doc No: 2013-30123]


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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 an 
existing Final Regulation, TD 9467, Measurement of Assets and 
Liabilities for Pension Funding Purposes.

DATES: Written comments should be received on or before February 18, 
2014 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.

FOR FURTHER INFORMATION CONTACT: Requests for additional information or 
copies of the regulations should be directed to Katherine Dean at 
Internal

[[Page 76893]]

Revenue Service, room 6242, 1111 Constitution Avenue NW., Washington, 
DC 20224, or through the internet at katherine.b.dean@irs.gov.

SUPPLEMENTARY INFORMATION:
    Title: Measurement of Assets and Liabilities for Pension Funding 
Purposes.
    OMB Number: 1545-2095.
    Regulation Project Number: REG-139236-07 (TD 9467).
    Abstract: (These final regulations were issued in two separate 
NPRMs, which received separate OMB control numbers of 1545-2095 and 
1545-2112. The NPRMs have been combined into a single set of final 
regulations and the IRS is changing the Information Collection Request 
(ICR) under OMB control number 1545-2095 and abandoning the ICR under 
OMB control number 1545-2112. The collections that were under 1545-2112 
are being added to 1545-2095.)
    In order to implement the statutory provisions under sections 430 
and 436, this final regulation contains collections of information in 
Sec. Sec.  1.430(f)-1(f), 1.430(h)(2)-1(e), 1.436-1(f), and 1.436-1(h). 
The information required under Sec.  1.430(f)-1(f) is required in order 
for plan sponsors to make elections regarding a plan's credit balances 
upon occasion. The information under Sec.  1.430(g)-1(d)(3) is required 
in order for a plan sponsor to include as a plan asset a contribution 
made to avoid a restriction under section 436. The information required 
under Sec.  1.430(h)(2)-1(e) is required in order for a plan sponsor to 
make an election to use an alternative interest rate for purposes of 
determining a plan's funding obligations under Sec.  1.430(h)(2)-1. The 
information required under Sec. Sec.  1.436-1(f) and 1.436-1(h) is 
required in order for a qualified defined benefit plan's enrolled 
actuary to provide a timely certification of the plan's adjusted 
funding target attainment percentage (AFTAP) for each plan year to 
avoid certain benefit restrictions.
    Current Actions: There is no change to this existing regulation.
    Type of Review: Revision of a currently approved collection.
    Affected Public: Individuals, business or other for-profit 
organizations, not-for-profit institutions and Federal, state, local or 
tribal governments.
    Estimated Number of Respondents: 72,000.
    Estimated Time per Respondent: 1.5 hrs.
    Estimated Total Annual Burden Hours: 54,000.
    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.
    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: November 22, 2013.
Yvette Lawrence,
OMB Reports Clearance Officer.
[FR Doc. 2013-30123 Filed 12-18-13; 8:45 am]
BILLING CODE 4830-01-P