Proposed Collection; Comment Request for Regulation Project, 76893-76894 [2013-30124]

Download as PDF 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 76894 Federal Register / Vol. 78, No. 244 / Thursday, December 19, 2013 / Notices 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. 2013–30124 Filed 12–18–13; 8:45 am] BILLING CODE 4830–01–P DEPARTMENT OF THE TREASURY Internal Revenue Service Proposed Collection; Comment Request for the IRS Taxpayer Burden Surveys 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 the 2013, 2014, and 2015 IRS Taxpayer Burden Surveys. 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. emcdonald on DSK67QTVN1PROD with NOTICES SUMMARY: VerDate Mar<15>2010 16:41 Dec 18, 2013 Jkt 232001 FOR FURTHER INFORMATION CONTACT: Requests for additional information or copies of the form and instructions should be directed to R. Joseph Durbala, (202) 622–3634, 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: IRS Taxpayer Burden Surveys. OMB Number: 1545–2212. Form Number: CS–11–276. Abstract: Each year, individual taxpayers in the United States submit more than 140 million tax returns to the Internal Revenue Service (IRS). The IRS uses the information in these returns, recorded on roughly one hundred distinct forms and supporting schedules, to administer a tax system whose rules span thousands of pages. Managing such a complex and broadbased tax system is costly but represents only a fraction of the total burden of the tax system. Equally, if not more burdensome, is the time and out-ofpocket expenses that taxpayers spend in order to comply with tax laws and regulations. The IRS has conducted prior surveys of individual taxpayers pre-filing and filing burden in 1984, 1999, 2000, 2007, 2010, 2011, and 2012. The IRS conducted the Individual Taxpayer Compliance Burden Survey (individual taxpayer post-filing issues) in 2012. The purpose of the IRS entity surveys is to gather data regarding the time and money spent by corporations, partnerships, limited liability companies, tax-exempt organizations, and government entities in complying with federal rules and regulations (or resolving a post-filing issue in the case of the Business Compliance Burden Survey). The IRS conducted a business taxpayer burden survey in 2009 and 2012. The IRS has not conducted a Business Compliance Burden in the past. The IRS conducted the TaxExempt Organization Burden Survey in 2010, which gathered data regarding the time and money spent by tax-exempt organizations the file Forms 990, 990– EZ, and 990–PF. The IRS has not surveyed small tax-exempt organizations that file Form 990–N. The purpose of the employment tax burden survey is to provide the IRS with information about the time and money spent by employers to comply with the federal wage information reporting and payroll tax return requirements. The IRS conducted an employment tax survey in 2004. The purpose of the Information Return Burden Survey is to provide the PO 00000 Frm 00085 Fmt 4703 Sfmt 4703 IRS with information about time and cost incurred by issuers of information reporting documents not related to employment, such as Form 1099–INT, 1099–MISC, 1099–K and 5498. This is the first IRS survey of this type. The critical items on the surveys concern respondents’ time and cost burden estimates for complying with tax filing requirement (or resolving a postfiling issue in the case of the Individual and Business Taxpayer Compliance Surveys). Additional items on the survey will serve as contextualizing variables for interpretation of the burden items. These items include information regarding tax preparation methods and activities, tax-related recordkeeping, gathering materials, learning about tax law, using IRS and/ or non-IRS taxpayer services, and tax form completion. Changes in tax regulations, tax administration, tax preparation methods, and taxpayer behavior continue to alter the amount and distribution of taxpayer burden. Data from updated surveys will better reflect the current tax rules and regulations, the increased usage of tax preparation software, increased efficiency of such software, changes in tax preparation regulations, the increased use of electronic filing, the behavioral response of taxpayers to the tax system, the changing use of services, both IRS and external, and related information collection needs. Current Actions: New surveys are being added to this collection. Surveys Covered Under This Clearance Request. Individual Taxpayers: 2013 Individual Taxpayer Burden Survey, 2014 Individual Taxpayer Burden Survey, 2014 Taxpayer Compliance Burden Survey, and 2015 Individual Taxpayer Burden Survey. Entity Taxpayers: 2014 Tax-Exempt Organization Burden Survey, 2014 Small Tax-Exempt Organization Burden Survey, 2014 Business Compliance Burden Survey (including focus group sessions during survey instrument development phase), 2015 Business Taxpayer Burden Survey. Other 2013 Information Reporting Burden Survey (including focus group sessions during survey instrument development phase), 2013 Employment Tax Burden Survey (fielded in conjunction with Information Reporting Burden Survey) E:\FR\FM\19DEN1.SGM 19DEN1

Agencies

[Federal Register Volume 78, Number 244 (Thursday, December 19, 2013)]
[Notices]
[Pages 76893-76894]
From the Federal Register Online via the Government Printing Office [www.gpo.gov]
[FR Doc No: 2013-30124]


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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 8796, Notice, Consent, and Election 
Requirements Under Sections 411(a)(11) and 417 (Sec. Sec.  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-for-profit 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

[[Page 76894]]

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. 2013-30124 Filed 12-18-13; 8:45 am]
BILLING CODE 4830-01-P

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